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Newt, Perry And Huntsman Attack Capitalism

More from a gleeful Politico:

Mitt Romney and the Bain bomb

By: Reid J. Epstein and Jim VandeHei
January 9, 2012

HUDSON, N.H. — Forget his specific rivals. The biggest threat to Mitt Romney is hitting now and set to fully detonate in South Carolina: It’s the Bain bomb.

While conservatives look unlikely to unite around one alternative to Romney, the campaigns themselves are uniting around the theme that the former head of Bain Capital looted companies, tossed people out of jobs and is now exaggerating his success at the venture capital firm.

So the idea is to damage Romney as much as possible even if none of them have a chance to get the nomination?

This seems to be a kind of jihadist thinking.

In the context of this moment in American politics, in which frustration with the privileged is boiling hot,

According to the Politico and the rest of the White House spokesmen in the media, that is. We think there is more frustration about our tax and spend government.

[T]he attack, from Republicans on one side and the Obama campaign on the other, will test Romney. If he ends up looking more like an opportunist who profited for the few than like a man who created jobs for the many, it’s hard to imagine his polls numbers won’t drop.

And this, of course, it the goal of the Politico and the rest of our ‘news media.’

Inadvertently, Romney created a new opening on the topic here Monday morning as he tried to explain his health care position with a comment almost custom-made for endless repeats in attack ads — and a Web video the Democratic National Committee already has up.

“I want individuals to have their own insurance. That means the insurance company will have an incentive to keep you healthy,” Romney said. “It also means that if you don’t like what they do, you could fire them. I like being able to fire people who provide services to me. You know, if someone isn’t giving the good service, I want to say, ‘I’m going to go get someone else to provide this service.’”

In a sane world, with a free press, the Democrats would be castigated for running such a mendacious ad which rips Romney’s comment completely out of context. But we don’t have a free press.

We don’t even have a news media. We have a ‘views media.’ And the views are all pro-Democrat, pro-Obama.

[T]he attacks will continue on multiple fronts at once, including the DNC and the 27-minute movie set to be released by the Gingrich-friendly super PAC Winning Our Future that promises to “highlight just four of Romney’s many targets. Four businesses and the thousands of employees who work there,” according to a trailer released on YouTube on Sunday.

Titled “When Mitt Romney Came to Town,” the movie includes testimonials from aggrieved workers who were laid off. “We had to load up our U-Haul because we done lost out home,” says one woman in the video. The super PAC has also launched a website called kingofbain.com

Did Michael Moore make direct this documentary? When companies get into trouble, people get laid off. Bain Capital tried to make the best of bad situations. Sure they made money. But they were also providing a service to the economy. That is how capitalism works.

By the way, why isn’t Rick Perry running the "When Mitt Romney Came To Town" ad? It was produced by one of his supporters.

Gingrich on Monday morning cheered and echoed the super PAC attacks.

“Given the weight of negativity that Romney threw at us in Iowa, you would be little bit less than human if you weren’t pretty happy that you’re now going to see a more even playing field,” he said. “My guess is that at some point in the next week or 10 days, he’s going to have to have a press conference and just answer a lot of questions. And then people will decide if the film is accurate or inaccurate.”

Mr. Gingrich doesn’t know if the film is accurate or not?

Rick Tyler, a former Gingrich aide who’s helping run Winning Our Future, pushed back on this argument in an appearance on the Laura Ingraham radio show Monday morning.

Calling Bain practices “frankly predatory corporate mugging,” Tyler said, “Some people call that free enterprise; I just call it wrong.”

Exactly what laws were broken by Bain? What are the ethical lapses that are being charged here?

Gingrich isn’t alone. Perry localized the argument at an event Monday morning in Anderson, S.C., speaking of the millions in management fees that he portrayed Bain as looting from a nearby photo album business in Gaffney and a steel company in Georgetown.

“There is something inherently wrong when getting rich off failure and sticking it to someone else is how you do your business,” Perry said.

Perry picked up on Romney’s comments Sunday as he tried defend his business record, saying he had worked hard to build businesses and sometimes worried about getting fired just like the next guy.

“I had to shake my head yesterday when one of the wealthiest men, I suppose, that’s ever run for the presidency of the United States — the son of a multimillionaire — Mitt Romney, he said, ‘I know what it’s like to worry about whether you’re going to get fired,’” Perry said at a restaurant here. “There were a couple of times when I wondered whether I was going to get a pink slip. He actually said this. Now, I have no doubt that Mitt Romney was worried about pink slips, whether he was going to have enough of them to hand out. Because his company, Bain Capital, with all the jobs that they killed. I’m sure he was worried he’d run out of pink slips.”

It’s the “ultimate insult” for Romney to come to South Carolina, Perry added, “and tell you he feels the pain, because he caused it.”

This is the kind of populism and class warfare that give populism and class warfare a bad name. And it is incredibly dispiriting to see them coming from supposedly conservative Republicans.

Even Jon Huntsman got in on the action, pouncing immediately on Romney’s “fire people” line from the morning.

“I will always put my country first. It seems that Governor Romney believes in putting politics first. Governor Romney enjoys firing people. I enjoy creating jobs,” the former Utah governor told reporters at a late morning press availability Monday in Concord

Of course this is to be expected from Eddie Haskell.

And this is why our views media love him so.

This article was posted by Steve on Tuesday, January 10th, 2012. Comments are currently closed.

7 Responses to “Newt, Perry And Huntsman Attack Capitalism”

  1. tranquil.night says:

    Dan McLaughlin @ Redstate: On Romney, Bain and Keeping Your Integrity: http://www.redstate.com/dan_mclaughlin/2012/01/10/on-romney-bain-and-keeping-your-integrity/

    So, I don’t like seeing pro-free-market Republicans attacking the concept of what Bain does, any more than I liked seeing Romney attack Rick Perry from the left on entitlements. But just because the role of red-in-tooth-and-claw capitalists is a crucial and necessary one does not mean that they are likely to be popular candidates in today’s general election environment. Criminal defense lawyers, for example may be crucially necessary to our system of justice, but if they have represented a lot of unpopular clients, they are not likely to be politically viable. I continue to think that Romney’s business record is an under-explored political vulnerability (one Ted Kennedy used against Romney in 1994, but didn’t even use all the ads he cut) that the Democrats will exploit ruthlessly. And Romney’s existing defenses of that record are fairly weak. We should not be caught unawares by this in the summer and fall when it’s too late to pick another candidate.

    Repair Man Jack: http://www.redstate.com/repair_man_jack/2012/01/10/do-tea-party-conservatives-hate-capitalism/

    Many GOP Candidates, driven by desperation, opportunity and a certain level of personal conviction are taking a position on Capitalism that has been a force in so-called “Compassionate Conservatism” for a long time. We often decry this moderation and blame it for GOP Congressional overspending. However, it does come from a legitimate ideological fountainhead and deserves addressing. Cardinal Ratzinger (prior to his election as PM) wrote the following about how he saw the free market economies of the 1980’s evolving.

    “It is becoming an increasingly obvious fact of economic history that the development of economic systems which concentrate on the common good depends on a determinate ethical system, which in turn can be born and sustained only by strong religious convictions. Conversely, it has also become obvious that the decline of such discipline can actually cause the laws of the market to collapse.

    – (HT: David Goldman, Asia Times)”

    More and more it looks like 2012 may turn into a values election instead of just “Jobs, Jobs, Jobs!” Even the economy, producer of the aforementioned “Jobs, Jobs, Jobs!,” is only a reflection of the society in which that operating system functions. Operate a market system among pirates, ne’er-do-wells, and dope-slingers and you’ll get really efficient markets for Nazi-Crank and sexual slavery.

    I’m thinking a lot of new Tea-Party GOP voters internalize this ethos. It doesn’t cause them to hate free markets, the way a well-indoctrinated Leftist would. However, it causes them to think twice before they ever actually trust one.

    Gasp! An Occupooper and a Popebot?

    I maintain that this inquiry is not an attack on capitalism but an attempt at self-regulation, an essential principle to functional capitalism if it’s to avoid government being the de-facto arbiter of social justice. Let Mittens defend the record that makes him inevitable and a capitalist paragon to boot, as he is going to have to in the general.

    • tranquil.night says:

      Prof. Jacobson: “We don’t know all of the details of how Bain conducted its business under Mitt Romney, but we do know that in at least several instances the conduct was to squeeze out cash while leaving behind a failed company. In many other instances Bain helped companies to grow.

      ..The question all along has not been whether a predatory style of investing should be legal, or whether it serves some larger purpose in our economic system. The question is do we want the entirety of the general election turned into a referendum on Bain, which it will be if Romney is the nominee regardless of whether or by what means the issue is raised in the primaries.

      I want the general election to be about Obama, and his movement of the country towards a West European style of socialism. Capitalism, which achieves the greatest good for the greatest number of people, easily should win that argument. Yet it may not because the Republican Party now has equated capitalism to Bain.” http://legalinsurrection.com/2012/01/selling-out-capitalism-in-the-defense-of-romney-and-bain/

      “By painting an attack on Bain as an attack on free markets, Romney defenders and Newt critics engage in a type of argument by extrapolation, that one thing leads to another leads to another, and what we end up with is a defense that criticism of Bain is, in Last’s words, ‘an indictment of the free market itself.'” http://legalinsurrection.com/2012/01/im-not-going-to-sit-here-while-critics-of-bain-badmouth-the-united-states-of-america/

      That’s where I erred yesterday, using that exact language too.

      Related: Dan Riehl – http://www.riehlworldview.com/carnivorous_conservative/2012/01/theyll-hang-romney-with-a-rust-belt-around-his-neck.html

      “Bain and Romney made millions off of this steel mill below. They did not kick any of it back to support the failed pension fund. No, we the taxpayers were left to take care of that. If there are any ‘purists’ about in the Mitt Bain Romney discussion, it is the people foolishly throwing around the word ‘capitalism,’ as if the form of it Romney exploited was somehow pure. It was not, nor are any markets truly free in America these days thanks to government over-reach. Also, if Mitt knows anything about government, it’s how to make it over-reach – clue: RomneyCare.”

      That’s not wrong, it’s savvy.

      Profit!!

    • proreason says:

      That darned Newt Gingrich. What a hothead.

      No way Bain Capital would ever have become an issue if he hadn’t got his knickers in a twist over a few commercials in Iowa. And now the entire conservative world view has been destroyed because of his big mouth. In about a day, he has destroyed capitalism as an economic system.

      Now the Republican chances are shot to hell. And Romney’s coast to victory has turned into a nightmare.

      They warned us Newt was a loose cannon. LIttle did we know that he could undermine the last 400 or 500 years of pre-marxist thinking because he got in a funk over some campaing exagerations.

    • Rusty Shackleford says:

      Rest assured that whatever corruption problems and criminal activity we have in the United States, it’s 10,000 times worse elsewhere except in certain places.

      I’m not saying, “Much ado about nothing”, no. And our path to the despotism and dictatorship that is looming is also clearly marked. But the corruption that the left seems to be able to get the republican candidates to have pissing contests over is 1) small infinitesimal potatoes compared to the democrats and the upheaval of normalcy in the past four/five years and 2) in the rest of the world, they like to point a finger at us for the dust in our own eye while ignoring the stick in theirs. I guess that’s how the game is played.

      However we have run out of adults in the room to point out the folly and hypocrisy. Watching the republican candidates bicker and moan is reminiscent of frat boys arguing over who’s got the better sound system in their car. However, better to get it out in the open now, I guess than have the democrats use it as a tool to manipulate the oh-so-stupid plebeians this fall.

      If captain dork-wad wins again, kiss the nation g’bye but if we get Newt, Mittens, or any of the other ego-driven entities, we’ll just slow down our path to socialism. I have changed my mind…I think the republicans, whomever is elected, will still try to play the “please like me” game with the media and although not do the ridiculous McCain level across-the-aisle reaching, they will still think that compromise means to lose with honor. Meanwhile, the socialists laugh their asses off and continue feeding the marxist machine, and sucking up all that wonderful, wonderful cash.

      Forgive me but the whole political process has me fed up, disgusted, angry and wanting to go live someplace else where government can’t bother me anymore. Yet there is no such place. Thus, we’re stuck with whatever we end up getting.

      Hurray for nobody.

  2. proreason says:

    Maybe Mitt should have thought through some scenarios before he sent his PAC and minions to rip up the other candidates.

    And if questioning Bain’s activities is “attacking capitalism”, is questioning Newt’s Fannie Mae consulting deal “attacking the constitution”? Because if Romney can layoff thousands of workers to pocket millions in cash, why can’t Newt use his government background to make spare change as a consultant? How is one ok, and the other a despicable offense?

  3. BillK says:

    Why do I get the feeling even more of the electorate will be sitting home in November?

    You couldn’t pay me to vote for Newt now, and I still see zero difference between Romney and Obama as far as policy goes.

  4. artboyusa says:

    Romney an “opportunist”? I’m shocked, deeply shocked…


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