Romney’s Opponents On The Attack: You’re So Bain (The Note)
By MICHAEL FALCONE (@michaelpfalcone) and AMY WALTER (@amyewalter)
MANCHESTER, N.H. — Every minute counts ahead of tomorrow’s first-in-the-nation New Hampshire primary and when it comes to tearing down the front-runner, last minute attacks count the most.
So with less than 24-hours to go before Election Day dawns here in the Granite State, Mitt Romney is coming under heavy fire, both from his Republican opponents and from Democrats who have adopted a laser-like focus on his work at Bain Capital.
The Democratic National Committee is out with a new web video this morning, specifically hitting Romney for his claims that he created 100,000 jobs during his time at the investment firm. The video, titled “#MittsBogusMath,” is the first one unleashed by the DNC targeting Romney’s work at Bain. (WATCH: http://bit.ly/xi4udc)
“Why is Mitt Romney misleading the public about his work at Bain?” DNC spokesman Brad Woodhouse said in a statement. “Because if they knew what he really did — putting profits over people — making a buck or a few million of them no matter what it took or who it hurt, he could never get elected president.”
And it’s not only the Democrats who are employing the Bain strategy.
As ABC’s Elicia Dover reports, a super PAC supporting Newt Gingrich, Winning Our Future, today released the trailer to its 27-minute movie, “When Mitt Romney Came to Town,” described on the PAC’s web site as “one raider and his firm” and how they “destroyed” the American dream for “thousands of Americans and their families — Mitt Romney and Bain Capital.” http://abcn.ws/xEsN1G
The super PAC, which is not affiliated with Gingrich’s campaign, but supports him, will spend a whopping $3.4 million to air the ad in South Carolina.
At a campaign event in Rochester, N.H. yesterday, Romney sought to portray himself, not as a heartless businessman, but as someone who understands the concerns of everyday Americans. “We were pulling ourselves up, in some respect, by our bootstraps,” Romney said of his early years in the private sector.
But he ran into problems when he told his audience: “”I know what its’ like to worry about whether or not you are going to get fired. There are times when I wondered whether I was going to get a pink slip.”
The former Massachusetts governor, whose net worth is estimated to be in the range of $200 million, did not offer a specific example of one of those times. His campaign spokeswoman Andrea Saul chimed in with a statement noting that as “a young person just out of college, he worked his way up the career ladder knowing that his continued employment was by no means guaranteed.” http://abcn.ws/wL7Etq
The Bain issue has the potential to seriously damage Romney, and who would have thought that Romney’s capitalist background — not his signature health care reform record — would be the focal point of attacks in the heat of the GOP primary battle?
ABC’s Jake Tapper reviews the state of the race in New Hampshire on the day before the primary. WATCH: http://abcn.ws/xQ3NWN
DEMOCRATIC COUNTER-PROGRAMMING. In addition to their video today, the Democratic National Committee has produced a flyer that will be passed out at Romney’s New Hampshire events. Here’s what it says: “Mitt Romney, a millionaire 200 times over, says he’s feared getting a pink slip. While Mitt Romney will say anything to get elected – let’s make him feel what getting a pink slip is really like.”
PUTTING THE PRO-GINGRICH SUPER PAC AD BUY IN PERSPECTIVE: “This is an epic ad buy — enough to make sure virtually everybody in S.C. will see this,” ABC’s Jonathan Karl notes. “And it’s an astounding attack for Newt Gingrich to make — echoing the attack that Ted Kennedy made — successfully — to bring Mitt Romney down in the 1994 Senate race. It’s also a primary line of attack the Obama re-election team is prepared to make against Romney.”
WALL STREET JOURNAL DIGS INTO BAIN: “The Wall Street Journal, aiming for a comprehensive assessment, examined 77 businesses Bain invested in while Mr. Romney led the firm from its 1984 start until early 1999, to see how they fared during Bain’s involvement and shortly afterward. Among the findings: 22% either filed for bankruptcy reorganization or closed their doors by the end of the eighth year after Bain first invested, sometimes with substantial job losses. An additional 8% ran into so much trouble that all of the money Bain invested was lost. Another finding was that Bain produced stellar returns for its investors—yet the bulk of these came from just a small number of its investments. Ten deals produced more than 70% of the dollar gains.” More from the Journal’s Mark Maremont: http://on.wsj.com/zRFVny
LAST-MINUTE HUNTSMENTUM? A dispatch from ABC’s Susan Archer: “People were spilling into the parking lot of the Bean Towne Coffee House in Hampstead, N.H. on Sunday even before presidential candidate Jon Huntsman arrived. By the time the former Utah governor pushed his way through the cluster of reporters, the small coffee shop was standing room only. Thrilled by this new-found attention, Huntsman jumped up on the coffee shop’s counter to give a condensed version of his stump speech and rally the troops. Then he jumped down into the crowd to shake a few hands. Huntsman, who has devoted the majority of his campaign to New Hampshire, said today’s turnout was proof that his candidacy is finally gaining steam. ‘You’re seeing a market movement right here, there’s no question about it,’ Huntsman said, beaming. ‘I can feel the surge on the ground. It’s very real. … It’s that wave.’” MUST SEE PHOTO (Huntsman speaks to voters from a counter-top): http://abcn.ws/xK4gfJ
NEW HAMPSHIRE: BY THE NUMBERS. A new WMUR poll of New Hampshire GOP voters shows Romney maintaining his lead in the Granite State, but as Andy Smith of the University of New Hampshire Survey Center says, “Two days left and this race is wide open, maybe not at the top, but certainly for the second slot.” The poll was taken Jan. 5-8. http://bit.ly/zQ0TRa
Here’s the breakdown:
Mitt Romney 41%
Ron Paul 17%
Jon Huntsman 11%
Rick Santorum 1%
Newt Gingrich 8%
Rick Perry 1%
Buddy Roemer 1%
THE BUZZ
ROMNEY-CHRISTIE RALLY GETS OCCUPIED. “At a rally meant to be all about boosting support for Mitt Romney, protesters instead took center stage, evoking colorful responses from both Romney and his outspoken surrogate, New Jersey Gov. Chris Christie, who at one time referred to one of the protestors as ‘sweetheart,” ABC’s Emily Friedman reports from Exeter, N.H. “‘Really?’ said Christie, as soon as protestors interrupted him, the second outburst of the night from the group, who had already gone after Romney. ‘You know, something may go down tonight, but it ain’t going to be jobs, sweetheart.’ ‘See it’s this confusion that’s out there because if she was in New Jersey like these Jersey girls out there she would know that we’ve created 60,000 new private sector jobs after Jon Corzine killed 120,000,’ Christie said. ‘And if she wasn’t so blinded by her Barack Obama-induced anger, she’d know that American jobs are coming back when Mitt Romney is the next president of the United States, and if she wasn’t so disorientated by the loss of hope and change she’d understand that Mitt Romney is the hope for America’s future.” … Romney, who has dealt with protestors a few times now during his campaign events across the country, quickly shot back, ‘Oh, this is our regular crowd here.’ ‘We’re happy to have you guys express your views he said. ‘Next time do it with more courtesy.’” http://abcn.ws/Atjczv
NEW FROM TEAM ROMNEY: “Romney for President today released a new web video titled ‘Tomorrow. Earn It.’ Tomorrow, New Hampshire voters will have the chance to vote for Mitt Romney, a conservative businessman who will free the entrepreneurial spirit that made this the greatest nation on earth.” WATCH: http://mi.tt/z93vJg
NOTED: It’s now been more than a week since Romney had held a press conference with reporters, notes ABC’s Emily Friedman, who is keeping track. His last one was in Jan. 1 in Atlantic, Iowa, which means he may go the full week in between the Iowa Caucus and the New Hampshire primary without taking questions from reporters (not counting this weekend’s two debates, of course).
OBAMA’S NEW HAMPSHIRE SHADOW CAMPAIGN. “President Obama will appear on the ballot Tuesday among 13 other Democratic presidential candidates in the New Hampshire primary While an Obama victory is not in doubt, national Democrats and the president’s re-election campaign aren’t taking any chances on November,” ABC’s Devin Dwyer notes. “Obama has opened seven campaign offices across the tiny Granite State — more than any Republican candidate — including four in the past week alone. Since April, his team of paid staff in New Hampshire has grown to around 20, a campaign official said, all collaborating to reengage the base of Obama supporters from 2008 and reach out to new voters for 2012. Obama volunteers in New Hampshire have held more than 500 trainings, phone banks and neighborhood canvasses over the past eight months, contacting potential voters through 3,200 in-person conversations and tens of thousands of phone calls, according to the campaign. ‘We’ve been building our neighborhood team volunteer leadership in every state in this country,’ Obama campaign manager Jim Messina said on a conference call with reporters Jan. 4.” http://abcn.ws/AC2Qam
RON PAUL HAS HIS EYES ON SOUTH CAROLINA. “Ron Paul is already looking forward to the next presidential contest in South Carolina, though New Hampshire hasn’t yet cast a single vote in the first-in-the-nation primary,” ABC’s Jason Volack writes. “Speaking to a packed house in Meredith, N.H., on Sunday night, Paul said he plans to be on the ground in South Carolina within 12 hours of Tuesday’s results. ‘South Carolina will be a nice test for us, because it’s a bigger state and if we do well there, that will encourage the fundraising and it alerts other people to the message,’ said Paul. As for strategy, Paul admitted that he is competing heavily in the caucus states. Along with buying television advertising in South Carolina, ABC News has learned that the Paul campaign has spent money on direct mail in Louisiana, Nevada, Maine, Colorado, Washington and North Dakota. And he and Romney are the only candidates who will be on all the ballots.” http://abcn.ws/wLfxGg
IS NEWT GINGRICH OBAMA’S ‘BEST FRIEND’? So says Boston Herald columnist Joe Battenfeld. “Bring out the big-boy diapers. Newt Gingrich is throwing another tantrum, but instead of trashing the federal government, he’s trashing Mitt Romney – and damaging the GOP’s hopes of taking back the White House. Gingrich, despite sinking in the polls, is going nuclear on the former Massachusetts governor on the eve of the New Hampshire primary, and now it looks personal. Gingrich, dubbed ‘Crybaby’ by the media for his ego-driven antics as House speaker in 1995, is now performing in ‘Crybaby, the Sequel.’ It’s fitting that Gingrich yesterday continued to attack Romney in a Manchester restaurant next door to the Obama campaign headquarters, because right now he’s the president’s best friend. His strategy of taking down Romney is right out of the Ted Kennedy and DNC playbook — casting Romney as a corporate villain who ‘looted’ companies and laid off workers.” http://bit.ly/w8UH34
A REQUIEM FOR A PRIMARY. “As a reporter chronicling his ninth New Hampshire primary (dating back to the days when George Bush boasted that he was ‘up for the Eighties’), I can recall no contested race in either party this devoid of energy. It feels like the primary is being conducted underwater, with every movement slow and exaggerated,” veteran political reporter Walter Shapiro observes in the New Republic. “The spate of debates has pre-empted much of the personal campaigning that has been a cherished New Hampshire trademark. Rick Santorum even spent most of Sunday in South Carolina. Ad spending is down sharply with only Mitt Romney and Ron Paul running enough TV spots to make an impression on the casual voter. During the 1996 and 2000 Republican primaries, Steve Forbes spent so lavishly on television that the plush new headquarters of WMUR (the dominant station in the state) was jokingly dubbed, ‘The House That Steve Forbes Built.’ Now it might soon be called, ‘The House That the 2012 Republicans Sent Into Hock.’” Don’t miss Shapiro’s predictions for what he calls the “We-Try-Harder sweepstakes for Number Two”: http://bit.ly/yf3va1
RICK SANTORUM PLANTS A FLAG IN SOUTH CAROLINA. From ABC’s Shushannah Walshe in Greenville, S.C.: Rick Santorum returned to South Carolina yesterday to send a signal to the state that he’s competing in the Granite State, but it’s here that he thinks he can win. “Here in South Carolina, it’s game on,” he told Republicans at the Greenville Republican Party Fundraising Dinner Sunday evening, repeating his now-famous phrase from his speech after his virtual tie in the Iowa caucuses. At two stops in Greenville, he contrasted himself with Mitt Romney, who is still at the top of the polls here, and asked conservatives in the state to coalesce around him as the non-Romney candidate, telling voters, “South Carolina has to speak clearly.” “We do not need just a little better than what we have now. We need big change in Washington, D.C. You have an opportunity if we rally around,” Santorum said, urging conservatives not to splinter, while referring to Romney without mentioning his name. http://abcn.ws/w0HwhV
MEANWHILE, IN TEXAS…. “The Supreme Court will hear oral arguments today over the controversial Texas redistricting map, setting the stage for what could be the most high-profile voting rights ruling in decades,” reports Roll Call’s Shira Toeplitz. ‘It’s totally unpredictable what the court would do,’ said former Rep. Martin Frost (D-Texas), a redistricting expert. … Redistricting and election law experts argue there’s a wide range of ruling options for the high court — anything from implementing an existing map to using the Perry v. Perez case as a vehicle to gut a pivotal part of the Voting Rights Act. Either way, the stakes are incredibly high for this cycle and for the future of election law.” http://roll.cl/zz7epW
IN THE NOTE’S INBOX: NEW HAMPSHIRE TONIGHT: “Governor Charles E. ‘Buddy’ Roemer will meet with New Hampshire citizens, volunteers, supporters, and friends to watch his LSU Tigers take on Alabama in the National Championship Game on Monday night. The event will take place at 8:30 PM at Scorpions Bar and Grill on the campus of the University of New Hampshire in Durham. Scorpions Bar and Grill is located at 45 Main Street, Durham, N.H. 03824. This event is free and open to the public as well as the press.”
WHO’S TWEETING?
@TomBevanRCP: This just in: markets a better predictor of presidential election chances than pundits.onforb.es/AnRVo4
@PounderFile: What’s amazing about both the Suskind and Kantor book is the fact that so many senior Obama officials are talking. #ObamaDisgruntled4Reason
@RyanLizza: In terms of how Romney would govern, the economic ideology of the GOP right now is far more important that the economic ideology of Bain.
@NKingofDC: Perry in SC lashes into Romney on the pink slip flub, highlighting SC companies that Bain shuttered, while making big profits. #theBainbane?
@ByronYork: By the way, company Gingrich keeps mentioning that went under after Romney took over? It’s in South Carolina. ow.ly/8mKWF
POLITICAL RADAR.
–Mitt Romney will start the day at a breakfast with the Nashua Chamber of Commerce. Later, he will hold a town hall in Hudson and a grassroots rally in Bedford.
–Rick Santorum is back in the Granite State, with stops in Nashua, Salem, Derry, Somersworth and Manchester. He will also hit the airwaves with several media appearances.
–Ron Paul will meet with supporters in Manchester, Hollis and Stratham, New Hampshire.
–Newt Gingrich will take his bus tour through Dover, Manchester, Nashua, Hudson and Concord, New Hampshire.
–Jon Huntsman will visit local businesses in Lebanon, Claremont, Henniker, Concord, Dover and Nashua, before ending the day with a “Restoring Trust” rally in Exeter, New Hampshire.
–Rick Perry will continue to campaign in South Carolina, with meet and greets in Anderson, Pickens and Greenville. His wife, Anita Perry, will also attend events in Anderson and Rock Hill.
–ABC’s Joanna Suarez
DISPATCHES FROM THE TRAIL. Check out our new political website OTUSNews.com (www.Otusnews.com) The Note (http://abcnews.go.com/blogs/politics/the-note/) and ABC News/Politics (http://abcnews.go.com/politics) and follow our reporters in the field on Twitter:
Newt Gingrich: ABC’s Elicia Dover (@EliciaDover)
Jon Huntsman and New Hampshire: ABC’s Susan Archer (@TheOnlyArcher)
Ron Paul: ABC’s Jason Volack (@Jason_Volack)
Rick Perry: ABC’s Arlette Saenz (@ArletteSaenz)
Mitt Romney: ABC’s Emily Friedman (@EmilyABC)
Rick Santorum: ABC’s Shushannah Walshe (@shushwalshe) and ABC’s Russell Goldman (@GoldmanRussell)
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Best Commencement Speeches of 2012
Joe Biden Recalls Death of Wife, Daughter
I just want them answer how many people lost their jobs at Solyndra? How much did tax payers lose?
Bain Capital grew to having $60 billion in assets under management – from an initial investment of some $37 million.
We can’t say there was any growth or returns for tax payers from their bad loan to Solyndra.
————–
Source Wikipedia
On 31 August 2011 Solyndra announced it was filing for Chapter 11 bankruptcy protection, laying off 1100 employees, and shutting down all operations and manufacturing, while providing no severance for the fired employees, or even providing back due vacation day credit
By September 2011, a Federal investigation had begun into possible connections between the $535,000,000 loan guarantees and money raised by Solyndra investors and executives for the 2008 Obama for President campaign, reportedly between $50,000 and $100,000.
Posted by: Incoming.... | January 9, 2012, 10:53 am 10:53 am
If Romney thinks Christie will help in NJ he is mistaken. I know die hard republicans who hate him and vow not to vote for him again. He is doing the same as the other Governors -blaming the unions for the problems. Blaming the teachers for poor performance in school [of course he sends his kids to private school]. His brother in Wall Street – look him up and explain why no indictment other than Chris. He blames Corzine for everything – without acknowledging that maybe The lousy economy was a cause too. Yet he does not blame Bush for the poor economy inherited by Obama.
Posted by: pksk531 | January 9, 2012, 10:55 am 10:55 am
Nancy Pelosi said it right yesterday, the President is not going to run against Mitt, it’s a waste of time and money, Mitt doesn’t stand a chance. The President will concentrate on getting a Congress he can work with.
Mitt never answers a direct question. When asked about his 59 point plan, he dances around the stage and recites a one-liner about the President, written by his staff.
Posted by: tmferretti | January 9, 2012, 10:56 am 10:56 am
In order to save our nation and maintain our freedom it is imperative we return the GOP to WH and congress. If the GOP cannot pull it together then they will be replaced. The Obama administration is in collusion with tthe world governements to control the wealth of those who saved. Currently in Italy it is ILLEGAL to pay cash for whtat equals $1300
American with the goal to reduce that to $300. This prevents a run on the banks and gives the banks oportunity to use the savers’ money. When commerce is based on a cashless electronic method everything you do then cn be tracked. .
Posted by: Jo | January 9, 2012, 11:23 am 11:23 am
“You’re so Bain”
——-
I don’t think people who devote themselves entirely to contriving sarcastic remarks actually are doing anything for the unemployed.
If their energies are misdirected in this way – we can be assured that they are therefore not being focused on addressing the concerns of the jobless.
Posted by: Romney Supporter | January 9, 2012, 11:26 am 11:26 am
I think Romney deserves this type of criticism.
I understand it’s new that Republicans would criticize someone over engaging in capitalism.
But that whole philosophy, where you have a small government that tries to run effectively around a core set of duties – and otherwise stays out of the way, while society is free to govern itself – restricted only be agreements made between free individuals – contracts, associations, businesses, even unions – is really not present in the Republican party, outside of Paul.
And Paul’s decision to vote against unconstitutional spending measures has earned him universal condemnation by the other Republicans who don’t understand that whole limited government philosophy.
Was Romneycare, a limited government type decision? Is Santorums earmarking or government as enforcer of social policy, any way a limited government viewpoint?
The only limited government candidate in the whole race is Ron Paul.
And so – frankly why shouldn’t Newt take the last step. Why give Romney a free pass based on respect to limited government philosophy that Romeny himself doesn’t believe in, and never has.
Posted by: RockoT | January 9, 2012, 11:33 am 11:33 am
Currently in Italy it is ILLEGAL to pay cash for what equals $1300 American with the goal to reduce that to $300. This prevents a run on the banks and gives the banks opportunity to use the savers’ money. When commerce is based on a cashless electronic method everything you do then can be tracked.
Posted by: Jo | January 9, 2012, 11:23 am.
“Newly appointed Italian Prime Minister Mario Monti wants landlords, tenants, and Italians of all sorts to stop using so much cash, a habit that makes it very easy to evade the taxes needed to shore up Italy’s dire finances. So on Dec. 4, Monti banned cash payments of over €1,000 ($1,340). As part of a wide-ranging emergency decree, the cash cap takes effect immediately, even though Parliament must formally vote on it later on. Monti must now deal with the wrath of millions of Italians who use euro notes to renovate their homes, host wedding receptions, and pay for family vacations. Italy loses more than €100 billion in unpaid taxes every year. It also loses €10 billion every year from increased security and labor needed to process cash transactions, according to ABI, the country’s banking association….It’s not just individuals who stick to cash. Many small and medium-size companies pay salaries in bank notes, giving employees a chance to report lower income, as a Finance Ministry report pointed out in 2010. The companies can also avoid paying pensions, health care, and other charges by not paying employees on the books.”
No mention of a global conspiracy to track commerce.
Posted by: A Cynic | January 9, 2012, 11:41 am 11:41 am
No mention of a global conspiracy to track commerce Posted by: A Cynic | January 9, 2012, 11:41 am 11:41 am —-the ability to scrutinize every action a person does through electronic actions is 1984–Big Brother,
Posted by: Jo | January 9, 2012, 11:48 am 11:48 am
ROMNEY SUPPORTER
The only thing that increases hiring is an increase in demand for products and services. Companies don’t hire people because they feel sorry for them. Why in the world would any smart business man hire more people, increase his labor costs and invest in new plants when no one can afford, or is afraid to buy his products.
Lower taxes on the corporations and de-regulation do nothing to increase demand. They increase the bottom line which is hoarded or paid out as big salaries and bonuses.
The concerns of the jobless are jobs, not meaningless rhetoric about the debt and deficit. This country should be spending like hell to get us out of this recession by putting people back to work. All the wasted time in Congress, delaying, obstructing and blocking jobs programs and using the debt as an excuse is unconscionable.
Posted by: tmferretti | January 9, 2012, 11:48 am 11:48 am
“You’re so Bain”
——-
I don’t think people who devote themselves entirely to contriving sarcastic remarks actually are doing anything for the unemployed.
If their energies are misdirected in this way – we can be assured that they are therefore not being focused on addressing the concerns of the jobless.
Posted by: Romney Supporter | January 9, 2012, 11:26 am.
Really? First of all, it isn’t a sarcastic remark. It is a play on words, based on an old song. Second, Romney himself is often sarcastic. Or do you think he was dead serious last summer when he told a room full of people that ‘he was unemployed, too’? I guess that means Romney himself is ” not being focused on addressing the concerns of the jobless.”
Posted by: A Cynic | January 9, 2012, 11:48 am 11:48 am
Romney only became Governor of Mass in order to run for President. He LIED about every thing he “Said” he was about. Then of course, he had to be a “Conservative” in order to win over Republicans so he changed ALL he SAID he believed and now they’re having a hard time ‘buying’ the fact that he isn’t a flip-flopping fool. Romney will do ANYTHING to become President and I hope he NEVER even gets the nomination. In the present “Field” of candidates, the BEST man for the job IS Jon Huntsman but Republiicans would prefer a fire breathing lack-luster candidate to made themsevles happy but NOT to win and do what’s BEST for the USA!!!
Posted by: demNme5 | January 9, 2012, 11:53 am 11:53 am
If FDR and the Congress would have said we can’t create the WPA, CCC, TVA, defense plants, etc, to put people back to work because it might increase the debt and deficit they would have been run out of the country on a rail.
Wise up republicans, if we increase the deific by 1 trillion or 20 trillion the sky won’t fall. Your grand kids won’t go shoeless and the Europeans and Chinese won’t be massing on our borders. Quit using the debt as a distraction as you did “death committees” to try to block the health care bill. Let this government create jobs, big business won’t.
Posted by: tmferretti | January 9, 2012, 12:14 pm 12:14 pm
I think Romney deserves this type of criticism.
———-
If we take a look at Romney’s track record – he has consistently been a fiscal conservative.
Whether we consider his life in the private sector, the turnaround of the Olympics, or his record as Governor where he balanced the budget every single year and cut taxes over a dozen times.
In an 86% Opposition controlled legislature, it was necessary to strike a conciliatory tone.
Some people equate compromise to weakness – but in reality it’s a sign of pragmatism and leadership – because it proves that someone has the ability to bring together people from different corners of the room who disagree and engage them to constructively achieve a common purpose.
If we want more paralysis in politics, we should continue to subscribe to ideological extremism.
But if we are tired of gridlock, then it is necessary to stop vilifying the practice of principled moderation.
Posted by: Romney Supporter | January 9, 2012, 12:15 pm 12:15 pm
ROMNEY SUPPORTER
The only thing that increases hiring is an increase in demand for products and services. Companies don’t hire people because they feel sorry for them. Why in the world would any smart business man hire more people, increase his labor costs and invest in new plants when no one can afford, or is afraid to buy his products.
Lower taxes on the corporations and de-regulation do nothing to increase demand. They increase the bottom line which is hoarded or paid out as big salaries and bonuses.
The concerns of the jobless are jobs, not meaningless rhetoric about the debt and deficit. This country should be spending like hell to get us out of this recession by putting people back to work. All the wasted time in Congress, delaying, obstructing and blocking jobs programs and using the debt as an excuse is unconscionable.
Posted by: tmferretti |
_________________
Man, do YOU need a lesson in economics!
Not only does a company need a demand for products and services to create jobs, a company needs the money to pay the workers. If they have an increase in demand and yet Obama is taxing their profits away, they don’t have the money to pay the workers and therefore, they can’t hire.
I find your last paragraph the most laughable ever. “This country should be spending ,like hell to get us out of this recession”. Bill Clinton himself was asked the question, can he name a country that has taxed and spent it’s way back into prosperity. Clinton did not have an answer. The answer is there has never been one.
This is the dumbest post you’ve ever written.
Posted by: ivan | January 9, 2012, 12:16 pm 12:16 pm
Not only does a company need a demand for products and services to create jobs, a company needs the money to pay the workers. If they have an increase in demand and yet Obama is taxing their profits away, they don’t have the money to pay the workers and therefore, they can’t hire.
Posted by: ivan | January 9, 2012, 12:16 pm.
You mean the money that they would get from increased sales dues to increased demand? Wouldn’t they use THAT money to pay their workers? And FYI, Obama has not increased any corporate taxes. So claiming that he is ‘taxing away their profits’ is bogus.
Posted by: A Cynic | January 9, 2012, 12:26 pm 12:26 pm
IVAN
Ah, I see companies need more money to pay workers they can’t use. Do you think if you give them tax breaks and de-regulate, they are going to increase workers pay? Any business that followed your theory would go bankrupt quickly.
Posted by: tmferretti | January 9, 2012, 12:27 pm 12:27 pm
Yeah, there attacking Romney!.Throwing feathers at him! LOL
Posted by: rippedpockets | January 9, 2012, 12:47 pm 12:47 pm
@TMFERRETTI
The only thing that increases hiring is an increase in demand for products and services.
———
There are many sources of demand, not just a domestic economy but international trade.
One of the things that Romney has said he will focus on is expanding trade and commerce with international trading partners.
That will open up access to new, growth oriented demand centers around the world.
He also said that he will work to level the playing field – to prevent currency manipulation from creating an artificial exchange rate advantage for some at the expense of others.
Furthermore, one reason that businesses are reluctant to invest – even with demand – is overhead costs.
For example, government bureacracy, red tape, convoluted tax codes, and over regulation adds administrative overheads to the cost of doing business – making that jurisdiction less competitive viz a viz other more efficient jurisdictions.
Global demand is being served by someone somewhere.
Capital investment flows into those jurisdictions that are most efficient at serving that demand – this results in job creation in those destinations.
An antagonistic mindset towards free enterprise is a deterrent to business investment and therefore harms job creation.
Posted by: Romney Supporter | January 9, 2012, 1:01 pm 1:01 pm
ROMNEY SUPPORTER
Your right, global demand is demand. If we can sell more of our products overseas, I’m all for it as long as the jobs to meet that demand stay in this country. The problem with the biggest economy in the world (us) is that the public sector has been afraid to spend money due to joblessness and no job security.
Increase jobs, give tax breaks to the middle class, and generally put money in the hands of consumers and this economy will turn around.
I’m not anti-business, in fact I own stock. As long as business do what they are supposed to do, increase their profits and pay me my dividend I’m fine. I would not buy stock in a company that increases labor costs just to hire people for no good reason.
Posted by: tmferretti | January 9, 2012, 1:19 pm 1:19 pm
@Cynic
Really? First of all, it isn’t a sarcastic remark. It is a play on words, based on an old song. Second, Romney himself is often sarcastic. Or do you think he was dead serious last summer when he told a room full of people that ‘he was unemployed, too’? I guess that means Romney himself is ” not being focused on addressing the concerns of the jobless.”
————–
I watched that video of the incident you describe.
And it was made is a self deprecating spirit – aimed at breaking the ice – and all the people in that room – who were unemployed – laughed and shared a lighthearted moment with Mr. Romney.
Furthermore, Mitt Romney hasn’t been hired yet. He has no power or authority to do the job until he get hired.
The incumbents are already hired and refuse to do their job.
Posted by: Romney Supporter | January 9, 2012, 1:20 pm 1:20 pm
Romney doesn’t believe in the Second Amendment (should come up later)
Gingrich, doesn’t belive in the First. (I don’t think he’s even read it) Santorum doesn’t like either one. Huntsman’s gun control position is questionable. Depends on who he’s talking to.
Ron Paul is the only candidate who knows, understands and will enforce the entire Constitution. The others pick and choose which parts of the Constitution they like.
That Clinton style gun ban may play well in liberal Boston or left wing San Francisco but people in the south and west really do “cling to their Bibles and guns”. Telling a man in Texas that he can’t have a new AR or a woman in Virginia that she can’t have a high capacity mag for her Glock might not be a good idea if you want their votes. If gun control comes up in time, Romney’s done for in the Republican primaries.
The media doesn’t say much about Ron Paul. They’re afraid people might learn too much about him and forget the others even exist.
Posted by: cloud | January 9, 2012, 1:33 pm 1:33 pm
Mitt Romney will never connect with the middle class.
John Kennedy was a very wealthy man due to his father, but he never forgot is poor, Irish, immigrant roots. Kennedy worked to improve the middle class and move the poor into a better social class.
Mitt has no roots; he feels big business is where his priorities should lie. Trickle down got us into the great depression and into this recession. When are the republicans going to learn, the future of the middle class depends on the middle class, not the truffle eaters.
Posted by: tmferretti | January 9, 2012, 2:03 pm 2:03 pm
There are many sources of demand, not just a domestic economy but international trade.
One of the things that Romney has said he will focus on is expanding trade and commerce with international trading partners. Posted by: Romney Supporter | January 9, 2012, 1:01 pm.
Well that may be OK for international conglomerates like GM or GE or Exxon. But what about us little guys? Us true small business owners? I thought the Republican talking point has been SMALL business drives our economy, SMALL business creates jobs, SMALL business employs the most people. Yet here’s Mitt, focusing on BIG business as usual. Personally I couldn’t care less about “expanding trade and commerce with international trading partners”, because that wouldn’t affect my small business one whit.
Posted by: A Cynic | January 9, 2012, 2:07 pm 2:07 pm
And it was made is a self deprecating spirit – aimed at breaking the ice – and all the people in that room – who were unemployed – laughed and shared a lighthearted moment with Mr. Romney.
Posted by: Romney Supporter | January 9, 2012, 1:20 pm.
In other words, it was OK for Mitt to use a bit of levity as a political campaign tool, yet it is NOT OK for the author of this article to use a bit of levity as a journalistic tool, like you said earlier about the “You’re so Bain” part of the title of this article. NOW I understand where you are coming from. You use a double standard when dealing with Mitt: what is OK for HIM, and what is OK for everyone else. Got it.
Posted by: A Cynic | January 9, 2012, 2:11 pm 2:11 pm
Ron Paul is fooling his supporters, the American people and himself if he thinks the Republican Party is the venue to express his ideas. Ron Paul is a Libertarian and should run as such. So what if he splits the republican vote, unless his main goal is to defeat President Obama: then he is no better than the rest of the candidates.
What does he think he’ll get from the GOP establishment, a speech at 2 o’clock in the morning at the republican convention?
If he is so principled, he would run his own race, speak to all the people, democrats, republicans and independents. He’ll be able to participate in the presidential debates and could continue to explain his views. Now, he just looks like another flunky of the GOP establishment or the tea party.
Posted by: tmferretti | January 9, 2012, 2:26 pm 2:26 pm
Paul ran as a Libertarian in 1988. Across the country, nation wide, he received less than 500,000 votes total. He tried again in the 2008 election, this time as a Republican seeking their nomination, much like today. “Paul was largely ignored by traditional media (in 2008), including at least one incident where FOX News did not invite him to a GOP debate featuring all other presidential candidates at the time.” He campaigned for the nomination for a full year, but withdrew in March of 2008. He used some of the $4 million left over campaign cash to form a PAC. (wiki).
Posted by: A Cynic | January 9, 2012, 3:11 pm 3:11 pm
The GOP hates Romney so much they are all willing to give him a public hanging before they nominate him. If this doesn’t tell all of us how much in disarray this party is, what will? The republicans are determined to sabotage their own brand before the November election. So which is it republicans, you want to get Obama out and replace him with who? All your candidates will be shot through with holes from the bloodbath primary. Gingrich is out to DESTROY Romney politically, while the others drink the same kool-aid.
Posted by: Indymind | January 9, 2012, 3:34 pm 3:34 pm
Has anyone noticed that whatever process the confederacy of dunces (tea party) gets involved in it turns to chaos and grid lock (just like in the Congress)?
The tea party should hold a mini convention, decide if they can support Romney or not. If not, choose a candidate they can support, focus on him and end this three ring circus.
Posted by: tmferretti | January 9, 2012, 3:52 pm 3:52 pm