Never underestimate the ingenuity of the New York Times when it comes to creating – not finding, creating – misfeasance by Mitt Romney. In a front-page, above-the-fold story on Wednesday, under the headline, “Romney’s Trade Message and Bain’s China Ties,” Sharon LaFraniere and Mike McIntire ran into a problem.Read more
Permit me to add two points to the comments on the first presidential debate.Read more
Maryland governor Martin O’Malley, who is giving a keynote address tonight at the Democratic convention in Charlotte, is a beneficiary of Bain Capital, the private equity firm Republican presidential candidate Mitt Romney helped create.Read more
President Obama used his most recent interview with the Associated Press, released today, once again to hit Mitt Romney for investing overseas. "[T]he small bits of disclosure that he has put forward indicate investments in the Bahamas, or Swiss bank accounts," Obama said of Romney.Read more
Joe Soptic is the star of the controversial Obama super PAC ad that suggests Mitt Romney's actions at Bain Capital are responsible for his wife's death in 2006.Read more
Star of Pro-Obama Super PAC Ad Unleashed: 'Obama Is a Jerk, a Pantywaist, a Lightweight, a Blowhard'
The star of a pro-Obama super PAC ad is speaking out against ... President Barack Obama.Read more
Most journalists will swear that, despite the fact they vote Democratic, they treat both sides fairly. Indeed, it is a rare event to read a news article that directly attacks the Republican party or one that praises the Democratic party.
But that does not mean media bias does not exist. It does – its exercise is just subtler than this. And the last two weeks have been a great example of how it operates.Read more
Mitt Romney responded to attacks from President Obama's camp by saying that the president "really needs to rein in his team and finally take responsibility for what they’re saying."Read more
In a local interview with WJLA, President Obama urges Mitt Romney to say that he was running Bain Capital after 1999, though Romney insists he did not actively manage the company at that time. "Well, here's what I know, we were just talking about responsibility and as president of the United States, it's pretty clear to me that I'm responsible for folks who are working in the federal government and you know, Harry Truman said the buck stops with you," Obama said.Read more
A new television advertisement from the campaign of presumptive Republican presidential candidate Mitt Romney attacks President Barack Obama's campaign for spreading lies and dishonest attacks. Watch the ad, titled "No Evidence," here:Read more
President Obama, envious of China’s economic model, proclaimed his admiration for the high-speed railways, bridges, skyscrapers, and solar panels that China is building. (“That used to be us,” he famously said – a line apparently so powerful it became the title of a book.) But even the Chinese know that Obama’s envy is misplaced.Read more
There is dissension in the Democratic ranks on President Obama’s reelection strategy. His campaign team has decided to focus on Mitt Romney’s time at Bain Capital – which ended over a decade ago – as an illustration of what a Romney presidency might look like. Loose-lipped Democrats like Harold Ford Jr., Ed Rendell, and even rising stars like Deval Patrick and Cory Booker, the mayor of Newark, have publicly said they’re uncomfortable with this approach. And this echoes the sentiments of some off-the-record Democrats.Read more
During one of his lesser moments in South Carolina, Mitt Romney insisted he would never apologize for his success, “success” being his preferred euphemism for titanic wealth. Surely, he’s right. He should no more apologize for being wealthy than we should want him to do so. To a greater degree than most of the world, America does not demonize its millionaires—we celebrate them. And this attitude is part of what makes us exceptional.Read more
A couple weeks ago Vanity Fair published an excerpt from Michael Kranish and Scott Helman’s book The Real Romney. It was not entirely unfriendly to Mitt Romney, but neither was it entirely fair. For example, the authors tip their hand as to their own views and agendas in the following passage:Read more
Politics makes for strange posturings. It seems that several of the candidates for the Republican presidential nomination—some eagerly, others somewhere between reluctantly and warily—have decided that it is evil to take over failing companies and attempt to restructure them so that they can grow and create jobs.Read more
Gingrich: 'So-Called Conservatives' Are Attacking Me Because I Want an Accounting of Wall Street Bailouts
Over the past few days, Newt Gingrich and his super PAC have been attacking Mitt Romney as a "corporate raider" for his work at Bain Capital, and Gingrich has faced considerable pushback from many on the right. While campaigning at the Palmetto Senior Show on the Columbia fairgrounds today, Gingrich pivoted from the Bain attacks and said the reason some "so-called conservatives" are going after him is because he wants to know how the Wall Street bailout money was spent.
Here are Gingrich's remarks at the Palmetto Senior Show:Read more
West Columbia, S.C.
At a rally with Mitt Romney Wednesday evening, South Carolina governor Nikki Haley hit back at Romney's GOP rivals for attacking the frontrunner's work at Bain Capital. "I am proud of all our Republican candidates," Haley said. "But we have a real problem when we have Republicans talking like dang Democrats against the free market."
There’s a lot of silliness on all sides of the Bain Capital debate.
On the one hand, Newt Gingrich’s attacks (and the follow-on assaults by Jon Huntsman and Rick Perry) on Mitt Romney’s career at Bain Capital have been unfair, over the top, and, for that matter, all over the place. Gingrich, Perry, and Huntsman deserve much of the criticism they’ve received from conservative commentators.
On the other, Mitt Romney’s claim throughout his campaign that his private sector experience almost uniquely qualifies him to be president is also silly. Does he really think that having done well in private equity, venture capital, and business consulting—or even in the private sector more broadly—is a self-evident qualification for public office? One assumes Mitt Romney would agree that Chris Christie is a better chief executive of New Jersey than Jon Corzine, and that Rudy Giuliani was a better mayor of New York than Mike Bloomberg. But Romney’s biography looks a lot more like Bloomberg's or Corzine's (leaving aside Corzine's recent misadventures) than like that of Giuliani (pre-mayoralty) or Christie. Past business success does not guarantee performance in public office. Indeed, Romney sometimes seems to go so far as to suggest that succeeding in the private sector is intrinsically more admirable than, e.g., serving as a teacher or a soldier or even in Congress. This is not a sensible proposition, or a defensible one.Read more
There’s a line of thinking you often hear from Republican-types about how markets are never wrong. You think a certain CEO’s lavish compensation is ridiculous? Nonsense, those types tell you. You think that a CEO’s VORP—that’s a baseball stat that translates, in this case, to the CEO’s marginal value versus the average replacement CEO—couldn’t possibly be so high? They simply counter that he’s worth the money because there’s someone willing to pay it. The results in a market triumph considerations of value.Read more
USA Today reports that "A 'super PAC' backing Newt Gingrich will try to portray Mitt Romney as a greedy corporate raider with $3.4 million in radio and TV ads running in South Carolina starting Wednesday. The huge ad campaign by Winning Our Future plays off a movie, King of Bain: When Mitt Romney Came to Town."
Here's the trailer for King of Bain:
Mitt Romney had a strong performance Thursday night in the final debate before the January 3 Iowa caucuses. From Medicare reform to foreign policy to the economy, Romney provided mostly succinct answers within the mainstream of Republican ideas. And because he did not spend much time engaging his opponents, he also avoided missteps like his infamous “$10,000 bet” with Rick Perry at last week’s debate.Read more
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