Bain Capital

Mitt Romney: A Chameleon, But Also A Damned Liar!

Ronald 2 Comments

Mitt Romney, the Republican Presidential nominee, has often been described as a chameleon, a person who constantly changes his views, which already makes him a suspect candidate, as one finds it hard to believe anything he says, and to accept any position he takes on any subject as being his final view.

But worse than being a chameleon is the reality that he also is a damned liar!

Romney has been campaigning on the idea that Barack Obama is a wild spender, when the truth is that federal spending has slowed up under his Presidency.

Federal spending increased the most under George W. Bush, 7.3 percent in his first term and 8.1 percent in his second term, followed by Ronald Reagan, George H. W. Bush, Bill Clinton, and finally, Barack Obama, with only 1.4 percent annually during his first term.

Romney, as Eugene Robinson in the Washington Post observes, lies about Obama “apologizing for America” when he has never done that; claims that Obama does not believe in American “Exceptionalism”, which is also false; and says that Obama is guilty of “appeasement”, which is ridiculous, considering Obama’s exceptional work against terrorism; and while stating all these falsehoods about Obama, Romney exaggerates his job creating while at Bain Capital, another total lie.

For a person who claims to be a “good Mormon”, very religious, it makes one wonder what that term “very religious” means! Apparently, it is the right to lie through one’s teeth and keep a straight face!

Why Should Mitt Romney Be Able To Set Up Limits Of What Is An Issue In Presidential Campaign Of 2012?

Ronald 2 Comments

Why is Mitt Romney, the Republican Presidential nominee, able to declare that his years as Massachusetts Governor from 2003-2007, and his Mormon religion, are off limits as topics for discussion and debate in the 2012 Presidential campaign? And why is he not required to explain the truth of the effect of Bain Capital on workers and communities which lost out because of the drive for profits over 25 years?

All that Romney seems to want to be discussed is his “success” at Bain Capital for 25 years, making lots of profit for himself and stockholders, but not willing to admit that hundreds of thousands of workers lost their jobs, and that his equity company undermined many towns and other communities with the shutdown of many companies that were taken over by Romney’s company.

And the fact that he promoted a health care plan similar to that passed under Barack Obama is something else he wishes to avoid. Plus the fact that his state was 47th in job creation during his years as Governor!

And forbid the idea of him discussing his religious beliefs, knowing full well that it might antagonize many evangelical Christians and others, who are suspicious of the religion they and many others consider to be a cult.

But since when does a candidate get to decide what can be discussed about his past?

Did Barack Obama, George W. Bush, Bill Clinton or others, each of which had so called “skeletons in their closet”, have that same freedom?

The answer is NO, and Mitt Romney MUST be forced to discuss the truth, the whole truth, and nothing but the truth about EVERYTHING in his background!

He is not, despite what he may think, a “privileged character” who must be treated with “kid gloves”, so as not to hurt his feelings or sensitivities!

Nothing is off limits, as it is not with Barack Obama, so the opposition must not be cautious or careful in their exposure of Mitt Romney, with all the warts included!

The Crash And Burning Of Cory Booker: The End Of National Leadership Potential!

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Just a few weeks ago, it looked as if Newark, New Jersey Mayor Cory Booker had a great political future, thought to be likely to challenge New Jersey Governor Chris Christie for re-election in 2013, and maybe to become a possible Presidential candidate in 2016.

This author theorized that Booker could become the successor to Barack Obama, and be the second consecutive African American President of the United States.

It is now time to say forget it, as that is NOT going to happen!

Mayor Booker ruined his political future in one fell swoop when he went on Meet the Press on Sunday morning, and openly criticized the Obama campaign’s argument that Mitt Romney’s experience at Bain Capital, primarily concerned with maximizing of profit over people and survival of specific businesses, was a negative that disqualified Romney to be President of the United States. Booker disagreed with the attack on equity capital, venture capital, saying he found it “nauseating”, stunning David Gregory, the host of Meet the Press, and the rest of the panel that was on the program Sunday morning.

Later, Booker backed off on his criticism, and also went on Rachel Maddow’s show on MSNBC last evening, protesting the way the Republican Party is now using his statement to help their own campaign and attack Obama.

Unfortunately, it is too late once you have left, symbolically, the toothpaste out of the tube, as it cannot be put back!

We have now learned that Bain Capital helped to finance Booker’s campaign for Mayor, and he is, therefore, already tainted, so do not expect him to go further than, maybe, re-election to be mayor of Newark.

Booker turns out to have made a fatal error that cannot be reversed, and if, by some chance, Mitt Romney wins the Presidency, this moment will be seen as the moment that Romney gained an edge, all due to a Democratic mayor who was fatally flawed by his own blunders and personal association with Bain Capital.

What a sad ending to a promising political career, stained by connection to equity capital which he should have rejected, but was too tempted by the offer of support, and, therefore, lost his principles!

Vice President Joe Biden: The “Pit Bull” Of The Presidential Campaign Of 2012!

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Vice President Joe Biden has been in the news more than usual in recent weeks.

Biden spoke up on endorsement of gay marriage two weeks ago, and this led to an earlier assertion of support from Barack Obama than might have occurred otherwise, although it seems clear that Obama would have endorsed the concept before the Democratic National Convention in September.

And now Biden, always a vigorous campaigner throughout his career, has come out like a “pit bull”, going after Republican nominee Mitt Romney with a vengeance in the “swing” states, attacking Romney for claiming that he would take some credit for the revival of the auto industry, and also criticizing how Romney acquired his great wealth at Bain Capital, double the assets of all the eight Presidents from Richard Nixon to George W. Bush combined!

Biden knows how to hit the jugular vein, how to “punch and jab”, and reminds many of the fighting spirit of President Harry Truman, who gave the Republican opposition “Hell” during the 1948 Presidential campaign.

Some have thought of Biden as a negative for Obama, but in actual fact, he is a tremendous asset, and reminds people that despite the fact he will be 70 shortly after the election is resolved, that he should not be dismissed as a possible Presidential candidate to succeed his boss in 2016, when he would be 74 years old!

Don’t ever count Joe Biden out in any form or fashion!

The Romney Vulnerability Factor In Play As South Carolina Primary Is Near

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Mitt Romney, former Massachusetts Governor, and supposed front runner for the Republican Presidential nomination, has has a rough week.

First, he performed poorly in the Monday night South Carolina debate sponsored by Fox News Channel, being constantly on the defensive due to attacks by his rivals for the nomination.

As news came out all week about Bain Capital, and the fact that Romney, while refusing to release his tax returns anytime soon, admitted that he only paid 15 percent on his investment income, and “only” earned $364,000 in speaking fees, his polls started to suffer.

Now, today, Rick Perry has dropped out of the Presidential race and endorsed Newt Gingrich. And Rick Santorum has been declared the winner of the Iowa Caucuses by 34 votes, after trailing by 8 votes to Romney.

With Gingrich gaining support in the public opinion polls in South Carolina because of his strong debate performance, and now with Perry’s endorsement of Gingrich, it is more likely that the former Speaker of the House could defeat Romney in South Carolina.

Since 1980, every Republican winner of South Carolina’s primary has gone on to be the GOP Presidential nominee. So if Romney loses, after being declared the loser in Iowa, and only winning what is basically his “home” state, New Hampshire, suddenly Mitt Romney will be extremely shaky and vulnerable in his quest for the Republican Presidential nomination.

Mitt Romney, Free Enterprise, And Capitalism On Trial: Is The Future Of America ONLY For The Elite Wealthy?

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It is extremely ironic that we are seeing a bitter debate in the Republican Party over the virtues, morality and future of American free enterprise and capitalism, in the process of picking a Republican candidate for the Presidency in 2012.

Mitt Romney, a man who became obscenely wealthy at the expense of thousands of middle class workers who lost their jobs due to an equity company (Bain Capital) whose only purpose was PROFIT over people, and who now wishes to promote a tax plan much worse in its inequity than the tax cuts of George W. Bush, has caused a split with Newt Gingrich, Rick Perry and Sarah Palin demanding accountability, while Donald Trump, Rush Limbaugh, Rudy Guiliani and just about everyone else wants this split and heated debate to end, as it only helps Barack Obama and the Democratic Party.

For the first time in memory, the whole concept of the goodness of unbridled capitalism is under the microscope, and this is good, as if the system continues without change and much greater regulation, there is the danger of violence and bloodshed by an aggrieved majority of the population, rather than peaceful recognition of the need for radical change to avoid such tragedy!

The great inequity of wealth, and the exploitation of the majority of Americans by a small, greedy group of entrepreneurs cannot continue, and this elite had better recognize that before a turning point is reached that will help no one, and hurt the social stability of America in the future!

Romney Tax Plan Worse Than Bush Tax Cuts: The Further Victimization Of The American People!

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Anyone who wants to be fair minded knows that George W. Bush bankrupted the nation with the massive tax cuts for the top one percent of the population between 2001-2009.

But now Mitt Romney has a tax plan that is far worse than George W. Bush perpetrated on the American people.

The Romney tax plan would do the following:

1. Millionaires would receive TWICE the tax cuts under Bush.

2. Sixty percent of the tax cuts would go to the top one percent, more than under Bush.

3. Romney claims he wants to balance the budget, but it would not occur with his tax plan, and in fact would raise the debt levels even more than now. There would be perpetual deficits, even with draconian spending cuts.

4. 22 million middle class households with children would pay more taxes, and lose the benefit of higher education tax breaks.

5. Finally, the benefits given the rich through corporate loopholes would be retained, including for oil companies, yacht owners, horse breeders, corporate jet owners, and equity firms such as Bain Capital, making their effective tax rate lower than middle class families.

Mitt Romney’s 59 point plan is a major attack on the middle class, and a further promotion of the elite wealthy, and everyone needs to understand that when they vote for President this November!

300 Days To The Presidential Election: “Hell” Ahead For Mitt Romney!

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Former Massachusetts Governor Mitt Romney may have won the New Hampshire Primary decisively, but that does not mean that he is going to sail to the GOP Presidential nomination anytime soon.

Witness the following facts:

1. Ron Paul ended up a strong second, and will be a problem for Romney all the way to the Republican convention in late August, and possibly beyond, as he may very well run on the Libertarian Party line, drawing together those who want a radical cutback in the federal government and withdrawal of military forces from overseas engagements.

2. Jon Huntsman ended up a strong third in the primary, and is now emboldened to go after Romney, with the possibility of gaining those who do not like Romney personally, and his flip flop reputation, and want an alternative who can appeal to Independents, moderates, and unhappy Democrats.

3. Newt Gingrich and Rick Perry will continue to challenge Romney as a phony conservative, and sustain their attack on his connections to Bain Capital.

4. Rick Santorum will continue to work to gain the social conservative vote, making him a real threat on those issues.

5. The Tea Party Movement, particularly in South Carolina at the moment, will not accept Romney, and want a true alternative to a man they consider a moderate, not a conservative.

6. Romney will have lots of ammunition employed against him by the Barack Obama campaign, utilizing Romney’s actions and statements, often contradictory in nature, and portraying him as not able to relate to the poor or middle class, due to his extreme level of personal wealth.

So Mitt Romney faces a series of major challenges that might impede his road to the White House!

Amazing How Republicans Are Attacking The “Religion” Of Capitalism, And Yet Claim Barack Obama Is A “Socialist”!

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It is actually quite hilarious how many Republicans, led by Newt Gingrich, are attacking Mitt Romney over his career with Bain Capital, and yet have enriched themselves in similar ways through Wall Street and other capitalistic interests without any shame, and at the same time, have no concern about the sufferings of the middle class and the poor, as a result of the Wall Street bank collapse of 2008-2009!

While attacking Barack Obama as a “Socialist”, the Republicans have been willing to support government aid to the corporations and the banks, a different form of “Socialism”, which benefits the wealthy and powerful at the expense of the middle class and the poor!

Without realizing it, the Republicans are presenting to us the evils of capitalism, and the dire need for MORE reform and regulation, which is actually “Progressivism”, as in the early 20th century, but is being labeled by them as “Socialism”!

But the same charges were leveled against “Progressives” in the early 20th century, and against the New Deal of Franklin D. Roosevelt, a time when the government, instead of setting out to destroy capitalism at the peak of the Great Depression, instead SAVED capitalism from those who truly wanted to destroy it!

What Barack Obama is trying to do is also NOT revolutionary! It is the same purpose as FDR had, to save capitalism from its own shortcomings and weaknesses, by increasing government regulation and intervention in the public interest.

So the internal GOP debate over capitalism and its excesses can have the purpose of bringing about what needs to be done, a recognition that Barack Obama is NOT a revolutionary, but in the best progressive tradition of Theodore Roosevelt, Woodrow Wilson, Franklin D. Roosevelt, Dwight D. Eisenhower, John F. Kennedy, Lyndon B. Johnson, Richard Nixon, and Bill Clinton!