Mitt Romney. Click image to expand.

The Two Faces of Mitt Romney

The FlipFlopper in Chief

Mitt Romney. Click image to expand.

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Senator John Barrasso

Presented by: The Religious Freedom Coalition of the SouthEast

Senator John Barrasso

Bush and Wicca and Doreen Valiente

 

Bush and Wicca and Doreen Valiente Go to http://professionalleft.blogspot.com for a treat!!!


CONTENTS


When Mitt Romney Came to Town

Mitt Romney Mis-spoke?

Rachel Maddow Mocks Mitt Romney's 'Very Poor' Backtracking

Oh, My Goodness!

Mitt Romney's Believe it or Not

Message to Mitt: STOP LYING!!!

Mitt Romney Recalls Parade That Occurred Before He Was Born!

Mitt Romney is So Rich, He is Out of Touch With the Rest of America

The Mark of BAIN! Ironic News Report, January 21, 2012

Mitt Romney Likes Firing People!!!

Romney's Bain Made Millions As S.C. Steelmaker Went Bankrupt

Newt Gingrich hits Romney with Charges of Deceiving Everyone.

Just What IS The Real Mitt Romney Job Creation Record?

Mitt Romney Wouldn't Know a Free Market If It Bit Him on the Ass

Why Is the Romney Campaign Pathologically Lying? (In Fact Why is the Republican Party Committed to a Culture of Lying?)

No Wonder Mitt Romney is Getting a Free Ride From Talk Radio!!!

Mitt Romney Calls Job Loss 'A Tragedy' - Even though He's Caused Tens of Thousands of Job Losses!

Mitt Romney's Mexico Problem

Bishop Mitt Romney Pressured Single Mother To Give Up Her Baby, Book Says

Why is Romney doing such a lousy job defending his record at Bain Capital?

The Truth About Republicans By George Carlin

How Is Mitt Doing These Days?

Troubling Ads

Mitt Vs. Mitt  Want to know what Mitt thinks about Abortion, Or Health care, etc?  Just wait a few minutes and he will flip around to whatever opinion is popular.

Mitt Romney Wants a Constitutional Amendment to Ban Birthcontrol!!!

Mitt Romney Used Campaign Funds To Enrich Himself And His Associates!!!

Is Mitt Romney Going to Hell For His Many Misdeeds?

Groups Call For Pro-Romney Super PAC Mystery Donation Investigation

Taxes key to Mitt Romney's '04 pitch to Standard & Poor's

The Abortion That Mitt Doesn't Talk About Anymore

Mitt Romney on Abortion

Mitt Romney on Abortion Voting Record

Mitt Romney Close to Worst in Country at Job Creation, Ranked 47th Out of 50 States

Liasson Claims Job Creation Is Romney's "Brand"

Under Romney, Job Growth In Massachusetts Was Among Lowest In the Country

Who is Mitt Romney?

Biography

Religious Beliefs

Family

Business Career

Political Career

Political Positions

Romney: Obama Made The Economy Worse — No, Wait, He Didn’t [VIDEO]

Romney's First Official Whopper?

Mitt Romney's 'Jobs Record' Is A Sham

Mitt Romney Makes "Hang Obama" Comment And Tries To Clarify His Remarks (VIDEO)

Mitt Romney Oversaw Dozens of Tax Hikes as Governor

Can Mitt Romney Convince Voters He Believes In Anything?

How To Fabricate a Conservative!!

FLOPPER IN CHIEF!!


 

Sources:

1. "Mitt Romney's prep school classmates recall pranks, but also troubling incidents," The Washington Post, May 11, 2012
http://www.moveon.org/r?r=275508&id=41393-18203902-ju6Bnlx&t=6

2. "Kilmeade and Friends" syndicated radio show, May 10, 2012
http://www.moveon.org/r?r=275509&id=41393-18203902-ju6Bnlx&t=7

3. "Fox News analyst: Romney gay bullying story is 'nothing,'" The Raw Story, May 13, 2012
http://www.moveon.org/r?r=275518&id=41393-18203902-ju6Bnlx&t=8

"Is Mitt Romney a Bully?" The American Prospect, May 10, 2012
http://www.moveon.org/r?r=275520&id=41393-18203902-ju6Bnlx&t=9

4. "FLASHBACK: Romney's Private Equity Firm Caused Several Corporate Bankruptcies, Thousands Of Layoffs, Think Progress, April 12, 2011
http://www.moveon.org/r?r=275519&id=41393-18203902-ju6Bnlx&t=10

5. "Latest 2012 General Election: Romney vs. Obama Polls," The Huffington Post, May 14, 2012
http://www.moveon.org/r?r=275521&id=41393-18203902-ju6Bnlx&t=11

6. "Campaign commercials give hint of ad war to come," The Boston Herald, April 19, 2012
http://www.moveon.org/r?r=275525&id=41393-18203902-ju6Bnlx&t=12

7. "Analysis: Romney plan strongly favors the rich," CBS News, March 2, 2012
http://www.moveon.org/r?r=275514&id=41393-18203902-ju6Bnlx&t=13

"Mitt Romney: Cut Medicare, Social Security benefits for seniors," Daily Kos, February 24, 2012
http://www.moveon.org/r?r=275515&id=41393-18203902-ju6Bnlx&t=14

8. "Romney credits Bush, Wall St. bailout for avoiding depression," NBC Politics, March 21, 2012
http://www.moveon.org/r?r=275510&id=41393-18203902-ju6Bnlx&t=15

9. "Romney's Attack on Obama's College Affordability Record," The Nation, May 8, 2012
http://www.moveon.org/r?r=275517&id=41393-18203902-ju6Bnlx&t=16

 


Gail Collins: Mitt Speaks. Oh, No! (February 2, 2012)

After all, Mitt Romney is the same multimillionaire who joked that he was “unemployed” while he was “earning” more in one day than most Americans earn in a year and paying a lower rate on those earnings than most Americans do.

This is the same man who bragged last month that he liked to fire people at a time when nearly 13 million people are out of work and who accepted the endorsement this week of Donald Trump, who has made “You’re Fired!” his television catchphrase.

This is the same man who in November claimed that federal employees are making “a lot more money than we are.” What?! We? What we? Please direct me to the federal employees with the $20 million paychecks. In fact, The Washington Post pointed out in November that federal employees on average “are underpaid by 26.3 percent when compared with similar nonfederal jobs, a ‘pay gap’ that increased by about 2 percentage points over the last year while federal salary rates were frozen.”

And who could forget his remark that “corporations are people.” Classic.

But this week when Romney said that he wasn’t concerned about the very poor in this country, he jumped in the pickle barrel and went over the waterfall.

First, his statement:

“I’m not concerned about the very poor. We have a safety net there. If it needs repair, I’ll fix it. I’m not concerned about the very rich. They’re doing just fine. I’m concerned about the very heart of America — the 90-95 percent of Americans who right now are struggling.”

Romney went on to say that his campaign was focused on “middle-income Americans” and that “we have a very ample safety net” for the poor.

He later tried to clarify, saying that his comments needed context. Then he said that the comments were a “misstatement” and that he had “misspoke.” Yeah, right.

Where to begin?

First, a report from the Center on Budget and Policy Priorities last month pointed out that Romney’s budget proposals would take a chainsaw to that safety net. The report points out that cuts proposed by Romney would be even more draconian than a plan from Representative Paul Ryan: “Governor Romney’s budget proposals would require far deeper cuts in nondefense programs than the House-passed budget resolution authored by Budget Committee Chairman Paul Ryan: $94 billion to $219 billion deeper in 2016 and $303 billion to $819 billion deeper in 2021.”

What does this mean for specific programs? Let’s take the Supplemental Nutrition Assistance Program, since “food stamps” have been such a talking point in the Republican debates. The report says the Romney plan “would throw 10 million low-income people off the benefit rolls, cut benefits by thousands of dollars a year, or some combination of the two.  These cuts would primarily affect very-low-income families with children, seniors and people with disabilities.”

Does that sound like a man trying to “fix” our social safety nets? Absolutely not. Romney is so far up the beanstalk that he can no longer see the ground.

Then let’s take the fact that a report last month by the Tax Policy Center found that his tax plan would increase after-tax income for millionaires by 14.5 percent while increasing the after-tax income of those making less than $20,000 by less than 1 percent and of those making between $30,000 and $40,000 by less than 3 percent.

For a man who’s not worried about the rich, he sure seems to want them to rake in more cash.

This has nothing to do with context. This has everything to do with a caviar candidate’s inability to relate to a chicken-soup citizenry.

Then there is the “ample safety net” nonsense. No one who has ever been on the low end of the income spectrum believes this, not even Republicans. According to a Pew Research Center survey conducted in October, even most Republicans and Republican-leaning independents who make less than $30,000 a year, which accounts for about a quarter of all Republicans, say that the government doesn’t do enough to help the poor. Only a man who has never felt the sting of poverty or seen its ravages would say such a thing.

But perhaps the most pernicious part of his statement was the underestimating of the rich and poor and the elasticized expansion of the term “middle income” or middle class. Romney suggests that 95 percent of Americans are in this group. Not true.

According to the Census Bureau, the official poverty rate in 2010 is 15.1 percent.

And that’s the income poor. It doesn’t even count the “asset poor.” A report issued this week by the Corporation for Enterprise Development found that 27 percent of U.S. households live in “asset poverty.” According to the report, “These families do not have the savings or other assets to cover basic expenses (equivalent to what could be purchased with a poverty level income) for three months if a layoff or other emergency leads to loss of income.”

On the other hand, the definition of “rich” is more nebulous. However, according to a December Gallup report, Americans set the rich threshold at $150,000 in annual income. And according to the U.S. Census Bureau 8.4 percent of households had an income of $150,000 or more in 2010.

So at the very least, nearly a fourth of all Americans are either poor or rich.

That would leave about three-fourths somewhere in the middle, but not all middle class. Tricking the poor to believe they’re in it, and allowing the wealthy to hide in it, is one of the great modern political deceptions and how we’ve arrived at our current predicament.

According to a New York Times/CBS News poll conducted last month, nearly a fifth of families making less than $15,000 said that they were middle class and nearly two-fifths of those making more than $100,000 said that they were middle class.

Romney is not only cold and clumsy, he’s disastrously out of touch, and when talking about real people, out of sorts. If only he had a heart, and if only that heart was connected to his brain.

 


Mitt Romney: "I Likes Firing People!!! "


Romney's Bain Capital LLC Made Millions As S.C. Steelmaker Went Bankrupt

MYRTLE BEACH, S.C. — Boston-based Bain Capital LLC more than doubled its money on GS Industries Inc. — the former parent company of Georgetown Steel — under Mitt Romney's leadership in the 1990s, even as the steel manufacturer went on to cut more than 1,750 jobs, shuttered a division that had been around for 100 years and eventually sank into bankruptcy.

Bain Capital spent $24.5 million to acquire GS Industries in 1993, according to an investment prospectus for the company that was obtained by the Los Angeles Times and reviewed by McClatchy Newspapers. By the end of that decade, Bain Capital estimated its partners had made $58.4 million off its investment in GS Industries, according to the prospectus.

Bain Capital's partners also earned multimillion-dollar dividends from GS Industries and annual management fees of about $900,000. But by the time GS Industries filed for bankruptcy protection in 2001, it owed $553.9 million in debts against assets valued at $395.2 million.

Romney - who founded Bain Capital, one of the earliest leveraged-buyout firms, in 1984 - was in charge of the firm for most of the time it owned GS Industries. Romney left Bain Capital in 1999, two years before the bankruptcy, to run the organizing committee for the Winter Olympics in Salt Lake City, Utah.

"We were doing well and then Bain Capital bought us and they took everything they could out of the company without making the investments we needed to stay competitive," said James Sanderson, who has been with the mill since 1974 and served as its union president since 1988. "They ran the company into bankruptcy." management-led buyout of Armco Worldwide Grinding System of Kansas City, Mo., in 1993. The Armco plant was renamed GS Technologies, which merged with Georgetown Industries in 1995 to become GS Industries Inc. At the time, the combined entities - headquartered in Charlotte, N.C. - had $1 billion in revenue and employed 3,800 people worldwide as the largest producer of carbon wire rods in North America.

Sanderson said Bain Capital replaced longtime managers who had built Georgetown Steel with bean counters looking for ways to cut costs. They demanded increasing financial performance with little idea of how the daily operations were run, he said.

"They were investors. They weren't steel mill operators," he said.

Romney has touted his business acumen as an asset in his bid for the Republican Party nomination for president. But he has come under fire from opponents - including other Republican candidates, such as Texas Gov. Rick Perry, who called Romney a "vulture capitalist" - who say Bain Capital preyed on struggling companies and stripped them financially before selling them off or abandoning them in bankruptcy court.

Bain Capital propped up short-term earnings, Romney opponents say, so the venture capital firm could borrow money that went toward investors' dividends - enriching Bain Capital but leaving the companies with unsustainable debt.

Romney has fought back, saying his goal at Bain Capital always was to make companies successful over the long term, even if that meant painful cuts along the way. Romney says he was successful more often than not, but that in a free enterprise system, some businesses will not be strong enough to survive.

Romney's campaign officials in South Carolina could not be reached for comment, but he discussed Bain's investment in GS industries during a Fox News interview last month.

"The steel industry got in trouble in this country," Romney said. "I think 40 mills went bankrupt the same time (GS Industries) did, in part because of - well, in this case, dumping from places like China into this country. I understand the impact of what happens globally in trade. And businesses, you know, lose and go out of business, and in some cases, lose jobs. It breaks your heart when that happens."

Jim Jerow, chairman of the Georgetown County Republican Party, said he thinks the attacks on Romney have been unfair.

"Any business, if they are going to remain competitive, they have to do things sometimes that people don't like, such as reducing staff and cutting costs," Jerow said, adding that Georgetown Steel's biggest problem before its bankruptcy was competition from foreign steel makers who dumped cheap products on the American market.

"You don't hear any of his critics talk about that," Jerow said. "I guess my question for them would be: What would you have done at the time?"

Contacted Friday, his campaign emailed this response: “Bain Capital invested in many businesses; while not every business was successful, the firm had an excellent overall track record and created jobs with well-known companies like Staples, Dominos, and Sports Authority. These experiences give Mr. Romney the unique skills and capabilities to do what President Obama has failed to do: focus on job creation and turn around our nation's faltering economy.”

In addition to GS Industries, Bain Capital paid $10 million to buy another South Carolina company - Holson Burnes Group, a photo-album maker based in Gaffney. The prospectus shows Bain Capital's partners made more than twice their investment - earning $22.6 million, according to the prospectus - between 1986 and 1992, when Holson Burnes Group went out of business and 150 people lost their jobs.

In GS Industries' case, Bain nearly destroyed a Georgetown Steel plant that had provided hundreds of well-paying jobs to Georgetown County residents since the late 1960s, according to Sanderson, who has remained president of the local United Steelworkers union No. 7898 through a pair of bankruptcies, a mill shutdown and its rebirth under Mittal Steel in 2005.

Less than a year after taking a controlling interest in the Georgetown plant, Bain Capital cut the employees' profit-sharing plan twice - lowering the plan's hourly rate from $5.60 an hour to $1.25 per hour. Most of the workers didn't learn about the cuts until they received their paychecks. The profit-sharing checks eventually disappeared altogether.

Sanderson, in a September 2000 report in McClatchy Newspapers, called Bain Capital anti-labor and said "they've forced a labor dispute at every location" during contract negotiations.

Sanderson agrees that China's cheap steel imports on the American marketplace hurt the Georgetown mill's production and profitability.

"But if (Bain Capital) had only invested in the mill instead of taking everything from it, we would have been able to sustain that (dumping) like we had in the past," he said.

John Ethridge, a retired Georgetown Steel worker, said Bain Capital "treated us like dirt."

"They brought a bunch of people in here who thought they knew how to do our job, but they had no idea what they were doing," Ethridge said, adding that needed equipment and plant upgrades were often delayed or ignored.

Ethridge, who worked at the Georgetown mill for 35 years, said Bain Capital was more interested in how much money it could take from the plant rather than investing anything into it.

By the time GS Industries filed for bankruptcy protection, the number of employees worldwide had been cut by more than half.

The Kansas City, Mo., plant felt the brunt of Bain Capital's cuts, according to news reports, with one state legislator accusing the venture capital firm of union-busting during a 1997 strike - the company's first in nearly 40 years - that lasted 10 weeks. A key sticking point in that strike was job security and pension benefits for workers who suspected that Bain Capital was trying to cut operating costs for a quick sale.

As foreign competition increased and steel prices continued to fall, GS Industries applied for a federal loan in 1999 to help keep the company afloat. But in 2001, before the loan could be used, GS Industries filed for bankruptcy protection, closing down the Kansas City plant that had its origins in the late 1800s.

"It makes me sick," retired Kansas City steelworker Steve Morrow told the Los Angeles Times last month. Morrow told the newspaper that top managers continued to receive bonuses from Bain Capital even as bankruptcy neared, but not other employees.

The Georgetown Steel plant was purchased out of bankruptcy for $53 million by Midcoast Industries in 2002, but the mill continued to struggle and filed for bankruptcy protection again in 2003. The steel mill closed with that bankruptcy, putting its more than 450 employees out of work. The former International Steel Group purchased the remains of Georgetown Steel the following year for $18 million and reopened the mill. Then, in 2005, Mittal Steel - now ArcelorMittal - bought ISG, making Georgetown a part of its operations. The Georgetown mill now employs about 300 people.

Sanderson called the mill's tenure under Bain Capital "bad years ... very bad years" and Ethridge said morale was poor when Romney's firm was calling the shots.

S.C. Gov. Nikki Haley - who endorsed Romney in December - said during a rally in Columbia last week that criticism of Romney's business tactics is unfair and she called on his Republican opponents to stop the attacks.

"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. (Romney) fixed broken businesses. We've got a broken Washington that needs to be fixed."

(The Los Angeles Times, the Kansas City Star and the State in Columbia, S.C., contributed to this report.)

More on this Story


Newt Gingrich Hits Mitt Romney For Efforts To 'Distort And Deceive' In New Web Video

The Huffington Post   Posted: 01/27/2012 4:44 pm
 
Newt Gingrich's campaign released a web video attacking Mitt Romney Friday, hitting the former Massachusetts governor for his efforts to "mislead, distort and deceive" on the campaign trail.

Gingrich's team used several of Romney's comments from Thursday night's Republican presidential debate as fodder for the ad, which claims Romney has told several fibs to win over voters.

The video shoots down Romney's claim that he has always voted Republican with reference to the 1992 Massachusetts primary, when Romney voted for a "liberal Democrat" instead of Pat Buchanan or George H.W. Bush. The spot also fact-checks Romney's claim that his investments in Fannie Mae and Freddie Mac were part of a blind trust.

"If we can't trust what Mitt Romney says about his own record, how can we trust him on anything?" the video says.

Romney's campaign released a statement condemning the ad, saying "Gingrich's desperate smears have already been called 'inflammatory' by Marco Rubio and 'ridiculous' by Jeb Bush."

"It is laughable to see lectures on honesty coming from a paid influence peddler who suffered an unprecedented ethics reprimand, was forced to pay a $300,000 penalty, and resigned in disgrace at the hands of his own party," the statement said. "Speaker Gingrich is desperate to distract from his record of failed and unreliable leadership in an attempt to try and prop up his sinking campaign."

Another Republican featured in the ad is former Arkansas Governor Mike Huckabee, who is shown saying if a man is "dishonest to get a job, he'll be dishonest on the job." Huckabee released the following statement on his appearance in the spot:

Any use of an out of context quote from the Republican Presidential primary 4 years ago in a political ad to advocate for the election or defeat of another candidate is not authorized, approved, or known in advance by me. I have made it clear that I have not and do not anticipate making an endorsement in the GOP primary, but will support the nominee. My hope is to defeat Barack Obama and win majorities in both the House and Senate, not to attack any of the Presidential candidates who might be our nominee.

HuffPost's Mark Blumenthal points out that the video lacks the "I approve this message" disclosure that is required by federal law for television advertising paid for by federal campaigns, meaning it is unlikely to appear anywhere but the web:

So at very least, the new attack ad posted to YouTube cannot appear in its current form as a paid advertisement, and the relatively small amount spent by the Gingrich campaign on broadcast advertising suggests that few Floridians would see it, even if aired.

Watch the video above.

 

Also on HuffPost:

 
 
 

 

 

 

 

 

 

 

 

 

 

 

 


Mitt Romney Wouldn't Know a Free Market If It Bit Him on the Ass

At Bain Capital, Romney used the tax code to redistribute wealth from taxpayers to his investors and partners.
 

The lion's share of the wealth Mitt Romney accumulated during his years at Bain Capital was extracted not only by laying off workers and raiding their pensions, but by using what conservatives call “big government” to redistribute wealth from taxpayers to Bain's investors and partners.

Bain Capital was not in the business of creating jobs, or even saving companies over the long-term. Its model had a relatively low rate of success; a study by Deutche Bank found that 33 out of 68 major deals cut on Romney's watch lost money for the firm's investors. Its richest deals made up for the flops, however, and Bain's partners were guaranteed hefty fees regardless of how the businesses they “restructured” ultimately performed.

Romney and his partners then exploited a loophole in the tax code that allowed them to pay just 15 percent of their growing fortunes in taxes – a rate less than what many of their companies' employees forked over to Uncle Sam.

“By and large, [government] gets in the way of creating jobs," Romney said during a GOP debate last year. But, as the Los Angeles Times noted, “during his business career Romney made avid use of public-private partnerships, something that many conservatives consider to be 'corporate welfare.'"

On the campaign trail, Romney often touts a successful investment in an Indiana steel company called Steel Dynamics, but he doesn't mention that the firm had taken advantage of “generous tax breaks and other subsidies provided by the state of Indiana and the residents of DeKalb County, where the company's first mill was built.”

But that's a small part of the public largesse Bain enjoyed. Most of the big money the firm brought in during those years was extracted through “leveraged buy-outs,” a reality that Romney doesn't like to talk about on the campaign trail. Instead, he wants to talk about Staples, which was one of a small handful of Bain's venture capital deals. The 89,000 people employed at the office supply chain go a long way toward the campaign's dubious and unsourced claim that Bain “created 100,000 jobs” under Romney's tutelage. But venture capital represented a small share of Romney's deals, and it's important to understand the distinction between venture capital and leveraged buy-outs.

You won't hear much criticism of venture capital deals like Bain's investment in Staples. It's a very basic free-market transaction – investors put money into a company at its early stages in exchange for a share of the company. If the start-up doesn't pan out, the investors lose their stake; if it grows and matures, they make healthy profit, usually when the company goes public or is sold off. In venture capital deals, investors only make a profit when the company that receives their cash does well.

Leveraged buy-outs are a different creature entirely. Leveraged buy-out firms became so closely associated with the most rapacious and unsustainable form of capitalism in the 1980s, that the entire industry rebranded itself as “private equity” to escape the stigma.

Leveraged buy-out artists also deal with risky companies – usually those struggling to stay afloat – but they don't actually take on much risk themselves as they structure the deals so they profit whether the target company becomes healthy and grows or collapses, often under the weight of debt piled onto it by the private equity firm itself.

Here's how the deal works. The leveraged buy-out firm will put down a fraction of the cost of buying an ailing company. The balance of the transaction is borrowed, but the debt goes onto the books of the target company, not the private equity firm – the struggling company basically finances the lion's share of its own sale.

And here's the key point: the target company's debt payments increase significantly, and those debt payments are then written off, reducing its tax burden significantly. This subsidy increases short-term revenues – at the expense of long-term debt – and that, in turn, is paid out in dividends to Bain's investors and a fat stream of management fees that Romney and his partners skimmed off the top.

(The industry-standard structure of these deals is known as “2 and 20.” Management gets 2 percent of the capital that they invest as a fee, and 20 percent of the profits that the fund realizes. That 2 percent represents between 2-4 times what the average management fees for a mutual fund usually run, and is collected regardless of how the fund does.)

Josh Kosman, author of The Buyout of America, How Private Equity Is Destroying Jobs and Killing the American Economy, told Mike Konczai that a typical leveraged buy-out deal decreases a target-company's tax burden by half. A recent study by researchers at the University of Chicago estimated that the average tax benefit of these companies' increased debt-loads in 1980s equalled “10 to 20 percent of firm value,” which, as Konczai noted, “is value that comes from taxpayers to private equity as a result of the tax code.”

This is important to understand as it lays bare the defenses Romney's spinmeisters have employed to fend off criticism of his past as what Rick Perry called a “vulture capitalist,” and Newt Gingrich described as a business based on "figuring out clever legal ways to loot a company." (Let's pause here to savor the hypocrisy: a Texas teachers pension fund, one of the largest in the state, is an investor in Bain, and all of its trustees are Perry appointees, and Gingrich himself sat on a board of Forstmann Little. A major competitor of Bain Capital.)

First, those criticizing what private equity funds like Bain do are not assaulting the “free enterprise” system. To the contrary, they are calling out a gamed tax system which guaranteed that Romney and his partners would make healthy profits, regardless of whether the companies they acquired went belly-up. Romney claims that he took risks and shouldn't be criticized for reaping the rewards, but the game Bain played was in fact antithetical to the free-market model.

Second, one need not be “envious” of Romney's fortune to be bitter about the means by which it was accrued. Contrary to the line Romney and his flacks have adopted, critics are not begrudging him riches won by hard work and prudent investment. Bain is deserving of our opprobrium for its rent-seeking at the expense of workers at the companies it bought out and through a series of tax subsidies, and Romney's hypocrisy in suggesting that he was simply a free marketeer must be called out.

Romney talks a lot about “creative destruction” – about how he made the hard decisions that would allow troubled, inefficient firms to grow. But Bain's interest was to its investors, and it flipped companies quickly, reaping huge profits and often leaving them saddled with debt – often high-interest debt financed with “junk bonds” – that they struggled to service.

That short-term focus didn't necessarily serve its acquisitions well. Another steel mill, one Romney doesn't discuss on the campaign trail, is South Carolina-based GS Industries. Bain acquired the company for $24.5 million in 1993, and by the end of the decade Bain estimated that its partners had made $58.4 million on the deal, including “multimillion-dollar dividends” and “annual management fees of about $900,000,” according to the Boston Herald. Bain left the company saddled with over a half-billion in debt, and it filed for bankruptcy in 2001.

"We were doing well and then Bain Capital bought us and they took everything they could out of the company without making the investments we needed to stay competitive," James Sanderson, who had worked at the mill since 1974 told the Herald. "They ran the company into bankruptcy."

Sanderson said the fund “replaced longtime managers who had built Georgetown Steel with bean counters looking for ways to cut costs.”

Along the way, 1,750 workers lost their jobs. According to the Herald, “less than a year after taking a controlling interest in the Georgetown plant, Bain Capital cut the employees’ profit-sharing plan twice -- lowering the plan’s hourly rate from $5.60 an hour to $1.25 per hour.” The profit-sharing plan was soon phased out altogether.

Layoffs and benefit cuts led workers at the company's Kansas City, Missouri plant to strike for the first time in four decades. A state legislator accused Bain of union-busting during the 10-week dispute. Sanderson told McClatchy in 2000 that Bain "forced a labor dispute at every location."

This is the model of “free-enterprise” that Mitt Romney brags about, and on which he built an estimated $200 million fortune. It's the model on which he continues to make millions of dollars today. According to the New York Times, “the final deal of his private equity career” was a “retirement agreement with his former partners that has paid him a share of Bain’s profits ever since.”

It's vulture capitalism – one of the many ways in which our bloated financial sector extracts wealth from the productive economy. And we can thank a couple of craven Republican candidates for the fact that we're talking about it. 

 


Just What IS The Real Mitt Romney Job Creation Record

Under Romney's Leadership Bain often maximized profits by firing workers.

Mitt Romney, William Bain

Contains excerpts from the Los Angeles Times written by Tom Hamburger, Melanie Mason and Matea Gold, of the Washington Bureau on December 3, 2011 

Mitt Romney resigned from Bain Capital in 1999 to run the Olympics in Salt Lake City.  Shortly thereafter, potential investors received a prospectus touting the extraordinary profits earned by the private equity firm that Romney controlled for 15 years.

During that time, Boston-based Bain acquired more than 115 companies. Their estimated annual returns were more than five times that of the 
Dow Jones Industrial Average in the same period.

Now a front-runner for the Republican presidential nomination, Romney says his Bain experience shows he knows how to create jobs. He often cites Bain's investment in a little-known office supply store called Staples, which now employs more than 90,000 worldwide. 

BUT a closer examination of the prospectus paints a different picture of Bain's operation. Under Romney's leadership, Bain became one of the nation's top leveraged-buyout firms, helping lead a trend in which companies were acquired using debt often pledged against their own assets or earnings.

Bain expanded many of the companies it acquired. But like other leveraged-buyout firms, Romney and his team also
maximized returns by firing workers, seeking government subsidies, and flipping companies quickly for large profits. Sometimes Bain investors gained even when companies slid into bankruptcy which happened frequently!

Romney himself became wealthy at Bain. He is now worth between $190 million and $250 million, much of it derived from his time running the investment firm, his campaign staffers have said.

Bain managers said their mission was clear. "I never thought of what I do for a living as job creation," said Marc B. Walpow, a former managing partner at Bain who worked closely with Romney for nine years before forming his own firm. "The primary goal of private equity is to create wealth for your investors."

Bain's top 10 dollar investments under Romney — averaging $53 million — spanned a number of sectors, including healthcare, entertainment and manufacturing. The firm's largest investment was its 1999 buyout of Domino's Pizza, into which Bain put $188.8 million, eventually reaping a fivefold return.

Four of the 10 companies Bain acquired declared bankruptcy within a few years, shedding thousands of jobs. The prospectus shows that Bain investors profited in eight of the 10 deals, including three of the four that ended in bankruptcy.

Romney launched Bain Capital in 1984 after seven years at Bain and Co., a highly regarded consulting firm that he joined two years after finishing Harvard Business School. The firm's founder, Bill Bain, tapped Romney to establish Bain Capital as a separate company that would draw from Bain & Co.'s consulting acumen to buy promising companies and invest in new ones.

According to the prospectus, prepared in late 2000 by a division of Deutsche Bank Securities, investors could participate in Bain's funds with a minimum investment of $1 million. Bain Capital's portfolio started with a preponderance of simple investments like Staples, but shifted heavily toward more complex leveraged buyouts and other deals within several years, according to former Bain partners.

Leveraged buyouts allow investors to purchase businesses with the acquisition funded sometimes by significant amounts of debt. To critics, these leveraged deals can make acquired companies more vulnerable to economic downturns,
leading to a greater likelihood of bankruptcy and job cuts. At the same time, the deals sometimes introduce discipline to firms and even whole industries that need it.

Either way, Bain investors typically profited.

That was true in the case of GS Industries, the 10th-biggest Bain investment in the Romney years. Bain formed GSI in the early 1990s by spending $24 million to acquire and merge steel companies with plants in Missouri, South Carolina and other states.

Company managers cut jobs and benefits almost immediately. Meanwhile, Bain and other investors received management fees from GSI and a $65-million dividend in the first years after the acquisition, according to interviews with company employees.

In 1999, as economic challenges mounted, GSI sought a federal loan guarantee intended to help steel companies compete internationally. The loan deal was approved, but in 2001, before it could be used, the company went bankrupt, two years after Romney left Bain.

More than 700 workers were fired, losing not only their jobs but health insurance, severance and a chunk of their pension benefits. GSI retirees also lost their health insurance and other benefits. Bain partners received about $50 million on their initial investment, a 100% gain.

"It makes me sick," said Steve Morrow, a retired GSI steelworker, recalling what happened to his fellow workers after the Kansas City shutdown. Some top managers received bonuses from Bain, he said. "But the salaried and hourly people ended up with the shaft."

Union officials say they tried to work with GSI management and Bain to assure workers and retirees that they would have some benefits even if the heavily indebted company went under. But they said their appeals fell on deaf ears during and after the time Romney was running the firm.

"Bain was demanding certain financial performance with no understanding of what the problems were on the ground," said David Foster, a former steelworkers union official who negotiated labor contracts with GSI management from 1994 until the bankruptcy. He said Bain "bled the company," withdrawing cash for dividends and management fees even as circumstances in the steel industry deteriorated.

"If I were looking for effective management of a project, a company or a country, this is exactly the kind of management I would not want to have," Foster said of Bain. "Bain partners think the profits they made are a sign of their brilliance. It's not brilliance. It's lurking around the corner and mugging somebody."

A former chief executive of GSI, Roger Regelbrugge, said he admired Bain overall and had high regard for Romney. But he criticized Bain for being too slow to change management priorities and personnel, and he recalled complaining that Bain was extracting annual management fees as the company faltered. About $900,000 in annual fees were paid to Bain through 1999, Romney's last year at Bain Capital, according to Regelbrugge and filings to the Securities and Exchange Commission.

Romney declined to comment for this story, but in public forums he has brushed aside criticism of Bain's deals, noting that there were winners and losers in the investment portfolio.

"We didn't take things apart and cut them off and sell them off," Romney said in a 
GOP debate this fall. "We, instead, helped start businesses.... Sometimes we acquired businesses and tried to turn them around, typically effectively."

But in 2007, during his first run for the presidency, he said he regretted extracting payments from companies that were failing: "It is one thing that if I had a chance to go back I would be more sensitive to," he told the New York Times.

That wasn't the case for a medical technology company in California. Bain and affiliated investors purchased the lagging medical diagnostics unit of Baxter International for $448 million in 1994, putting up $26.7 million. It named the new company Dade International.

Under Bain's direction, Dade acquired a chemicals division of DuPont in 1996 and the diagnostics company Behring in 1997. Dade borrowed big again in 1999, this time to repurchase stock from original investors, Bain and 
Goldman Sachs, for $365 million, more than four times their original investment, according to the Wall Street Journal.

The growing debt, which hit $1.5 billion, along with declining cash flow and high interest rates, led the company to file for Chapter 11 bankruptcy in 2002 — three years after Romney left Bain. It emerged from bankruptcy after two months and continued to operate. Between 1996 and 2002, the company shed more than 1,700 jobs, according to filings with the SEC.

"When I listen to Mitt Romney these days, he talks about creating jobs. My experience at Dade during those Bain Capital years was that it was strictly an investment, not to create jobs," said Michael Rumbin, a vice president of technology management at Dade during the Bain years whose position was eliminated in 2000.

"No one came from Bain and said, 'How can we hire more people?' " Rumbin said. "It was, 'How do we turn our investment around and make a lot of money?' Which they did."

So TRUE or FALSE that he was responsible for creating jobs?  Mostly FALSE.
 


Why Is the Romney Campaign Pathologically Lying? (In Fact Why is the Republican Party Committed to a Culture of Lying?)

Contains excerpts from an article by Steve Benen from the Washington Monthly on 12/17/2011

Mitt Romney appeared on Fox News last night and boasted, "Our campaign hasn't put up negative ads at this stage." That's not true. I've seen the ads.

Likewise, Romney said on Thursday night, "This is a president who fundamentally believes that the next century is the post-American century. Perhaps it will be the Chinese century. He is wrong." I know that's not true, either. Kevin Drum noted in response, "Seriously, where does he get this stuff? It's just made up out of thin air. Obama's never said this or anything even close to it."  There is a story

With these routine falsehoods in mind, I noticed Daniel Larison had a piece the other day with a headline that read, "Why Does Romney Lie?" The amusing thing about this, at least in a sardonic sort of way, is that I wondered to myself what prompted the headline and about a half-dozen examples from the last week or so quickly came to mind. (In this instance, it was an Andrew Sullivan item about Romney telling easily-disproven claims about his years in France as a Mormon missionary.)

Regardless, Larison posits a theory.

Why does Romney ever tell bald-faced lies? After all, this is a man who has made the "non-existent tour" the rhetorical centerpiece of his presidential campaign. For some reason, he even managed to say something untrue about his real first name during the national security debate last month.

It's tempting to say that he has reinvented himself so thoroughly that he can no longer remember what is true and what isn't, and he has absorbed and appropriated so many new positions over the years that it all gets jumbled together and re-mixed according to whatever the political need of the moment happens to be. It's easy to lose track after the fourth or fifth incarnation. More likely, he is so contemptuous of the people he tells these lies to that he never thinks he will be found out.

I suspect Larison and I agree on almost nothing when it comes to public policy or visions of government, but on the issue of Romney's discomforting hostility for the truth, we're on the same page. I've found myself repeatedly wondering in recent months why Romney lies as often, and as carelessly, as he does, without the slightest regard for how easy it is to prove what his claims aren't true.

Indeed, as we talked about the other day, Romney and his team have demonstrated a willingness to lie -- blatantly and shamelessly -- with discomforting ease. We've seen this in offensive campaign ads, routine talking points, policy arguments, and even personal anecdotes and characteristics.

And when pressed, Romney and his aides have freely admitted, more than once, that niceties such as facts, evidence, and reason just aren't that important to them. Dishonest "propaganda" should simply be excepted and accepted, they've said.

I've been watching national campaigns for quite a while, and I can't think of any comparable major-party campaigns acting this way, especially this far from the election.

Given all of this, I thought I'd offer Larison's question as a discussion topic: Why does Romney tell "bald-faced lies"?

By Steve Benen | Sourced from Washington Monthly

Posted at December 17, 2011, 10:19 am


Mitt Romney Calls Job Loss 'A Tragedy' Even though He's Caused Tens of Thousands of Job Losses!

 

Former Massachusetts Gov. Mitt Romney said during a stop in South Carolina on Thursday that he believes "any time a job is lost it's a tragedy."

Politico reports that the presidential candidate told reporters, "For the family, for the individual that loses a job, it's devastating."

The remarks from Romney come on the heels of his win in New Hampshire's primary election and as he faces attacks from rival contenders like former House Speaker Newt Gingrich and Texas Gov. Rick Perry on the key economic issue. The AP reports:

Trying to tap into populist sentiment, Gingrich and Perry are accusing Romney of being a fat-cat venture capitalist during his days running the private equity firm Bain Capital, laying off workers as he restructured companies and filled his own pockets.

A group backing Gingrich is airing TV ads in South Carolina showing distraught people who say they lost their jobs to Bain's restructuring practices while Romney was at the helm.

The matter of how many jobs were created or lost during Romney's tenure at Bain was raised during one of last weekend's Republican presidential debates. The AP reported after the event:

After months of getting a pass on the subject from his rivals, Mitt Romney was challenged in the Republican presidential debate Saturday night on his frequent claims that he created great numbers of jobs in the private sector. Newt Gingrich, for one, said Romney's record as a venture capitalist was one of flipping companies, taking out all the money and "leaving behind the workers."

Who's right?

The bottom line remains unknown about how many jobs were gained or lost from Romney's work at the Bain Capital private equity company. But this much is clear: His accounting behind the assertion that he created more than 100,000 jobs at companies he helped start up or turn around has been flawed.

On Thursday, Romney also insisted he is "pro-life" and said he's raising the issue on the campaign trail to counter his rivals' attacks.

"I understand that there are some attack ads coming my way that question" his commitment to life, Romney told reporters gathered at a motorcycle dealership in Greer, S.C. "Obviously it's important for me to remind people that I'm pro-life."

Gingrich's campaign is running ads in South Carolina attacking Romney for changing his position on abortion. It's part of an onslaught of negative ads Romney is facing in the first-in-the-South primary, some from his rivals and some from their wealthy SuperPAC allies.

Romney came to South Carolina Wednesday as the unmistakable front-runner in the GOP presidential sweepstakes. But many of the state's voters are conservative Christians and tea party supporters, and Romney struggled here four years ago. He came in fourth.

Romney said Thursday the environment has changed enough that he could win here.

"Four years ago, we were really focused on Iraq and what was happening there and the surge. And that was an area that really was in John McCain's wheelhouse," Romney said. "Now the economy is the issue people are most concerned about. That's in my wheelhouse."

"This is a time when people care about the economy and the scale of government. It's the message of the tea party, it's the message of the Republican Party," he said.

Romney was leaving South Carolina Thursday to hold a midday rally in West Palm Beach, Fla., where absentee voters are already mailing in ballots. The primary is Jan. 31.

 


Mitt Romney's Mexico Problem

Mitt Romney Mexico
Contains excerpts from an article posted on huffingtonpost.com 1/14/12

Bain Capital Owns Clear Channel (Rush Limbaugh, Sean Hannity, Glenn Beck, Michael Savage, Etc.) No Wonder He's Getting a Free Ride from Conservative Talk Radio

Wouldn't it be great if a Republican presidential candidate could just buy the support of just about every major conservative talk show host in America?  Oh Wait...Mitt Romney already has!  Clear Channel owns more radio stations (850) than anyone else in the United States.  They also own Premiere Radio Networks, the company that syndicates the radio shows of Rush Limbaugh, Sean Hannity, and Glenn Beck, among others.  Needless to say, Clear Channel basically owns conservative talk radio in the United States.  So who owns Clear Channel?  Well, it turns out that Bain Capital is one of the primary owners of Clear Channel.  Yes, you read that correctly.  The company that Mitt Romney ran for so long is one of the "big bosses" over virtually all conservative talk radio in America.  Of course Mitt Romney is not running Bain Capital anymore.  He is a "retired partner", but he still has a huge financial stake in Bain Capital.  We're talking about millions upon millions of dollars.  If you doubt this, just check out page 34 of this public financial disclosure report.  So if you have been wondering why so many conservative talk show hosts are being so incredibly kind to Mitt Romney, this is the answer.

In the media world, there is a clear understanding that you simply do not bite the hand that feeds you.  Some of the most prominent conservative talk radio hosts are earning tens of millions of dollars a year.

If you were making tens of millions of dollars a year, wouldn't you be very careful to avoid offending your boss?

The deal in which Bain Capital became one of the owners of Clear Channel was initiated just a short time before Mitt Romney's first run for president.  The following comes from Wikipedia....

On November 16, 2006, Clear Channel announced plans to go private, being bought out by two private-equity firms, Thomas H. Lee Partners and Bain Capital Partners for $18.7 billion, which is just under a 10 percent premium above its closing price of $35.36 a share on November 16 (the deal values Clear Channel at $37.60 per share).

The deal was finalized in 2008.  Today, Bain Capital is still one of the primary owners of Clear Channel.

One of the subsidiaries of Clear Channel is Premiere Radio Networks.

Premiere Radio Networks distributes a whole host of conservative talk radio shows.  Everyone in the conservative world knows names such as Rush Limbaugh, Sean Hannity and Glenn Beck.  Clear Channel also controls some other conservative talk radio hosts (such as Michael Savage and Mark Levin) that are not part of the Premiere Radio family.

The power that Premiere Radio Networks has is absolutely staggering.  The following is directly from the official Clear Channel website....

Premiere Radio Networks Inc., a subsidiary of Clear Channel Communications, syndicates 90 radio programs and services to more than 5,000 radio affiliations and reaches over 190 million listeners weekly.  Premiere Radio is the number one radio network in the country and features the following personalities:  Rush Limbaugh, Jim Rome, Casey Kasem, Ryan Seacrest, Glenn Beck, Bob (Kevoian) & Tom (Griswold), Delilah, Steve Harvey, Blair Garner, George Noory, John Boy and Billy, Big Tigger, Dr. Dean Edell, Bob Costas, Sean Hannity and others. Premiere is based in Sherman Oaks, California, with 13 offices nationwide.

So do you think that any of those hosts is going to risk viciously attacking Mitt Romney and Bain Capital during this election season?

Not likely.

One of the controversies that has plagued Premiere Radio Networks in recent years has been the uproar over their use of paid actors to call in to their radio shows.

The following comes from Wikipedia....

Clear Channel, through its subsidiary, Premiere Radio Networks, auditions and hires actors to call in to talk radio shows and pose as listeners in order to provide shows, carried by Clear Channel and other broadcasters, with planned content in the form of stories and opinions. The custom caller service provided by Premiere Radio ensures its clients they won't hear the same actor's voice for at least two months in order to appear authentic to listeners who might otherwise catch on.

So perhaps that explains where some of the "Romney callers" come from.

There is nothing illegal about what Romney and Bain Capital have done, but it sure does not pass the "smell test".

Conservative talk radio has the potential to sway millions of conservative voters in one direction or another, and it is just not proper for Bain Capital and Romney to have such an overpowering financial interest in conservative talk radio.

And yes, Mitt Romney is still bringing in lots of money from Bain Capital.  The following comes from a Wikipedia article about Mitt Romney....

At the time of his departure, Romney negotiated an agreement with Bain Capital that allowed him to receive a passive profit share as a retired partner in some Bain Capital entities, including buyout and investment funds.[62][57] With the private equity business continuing to thrive, this deal would bring him millions of dollars in income each year.[57] As a result of his business career, by 2007 Romney and his wife had a net worth of between $190 and $250 million, most of it held in blind trusts.[62] An additional blind trust existed in the name of the Romneys' children and grandchildren that was valued at between $70 and $100 million as of 2007.[63] The couple's net worth remained in the same range as of 2011, and was still held in blind trusts.

In addition, Bain Capital and Bain & Company continue to pour huge amounts of money into Romney's campaign coffers.

Just check out the following list of the biggest donors to the Romney campaign.  These numbers come from opensecrets.org....

Goldman Sachs $367,200
Credit Suisse Group $203,750
Morgan Stanley $199,800
HIG Capital $186,500
Barclays $157,750
Kirkland & Ellis $132,100
Bank of America $126,500
PriceWaterhouseCoopers $118,250
EMC Corp $117,300
JPMorgan Chase & Co $112,250
The Villages $97,500
Vivint Inc $80,750
Marriott International $79,837
Sullivan & Cromwell $79,250
Bain Capital $74,500
UBS AG $73,750
Wells Fargo $61,500
Blackstone Group $59,800
Citigroup Inc $57,050
Bain & Co $52,500

As with anything, whenever you want to get to the real truth you just need to follow the money.

Earlier this week, Sean Hannity told Rick Perry that his attacks on Mitt Romney's time at Bain Capital sounded like something that "Occupy Wall Street" would say.

Just the other day, Rush Limbaugh compared Rick Perry to Fidel Castro and rabidly defended Mitt Romney on his radio program....

“There’s no way you can try to dress that up,” Limbaugh fumed. “I don’t understand it. Well, politically I understand it, but that’s just absurd. It’s sad. ‘Cause I really, really, really like Rick Perry! I really do. I had such hopes! I did. I’ll tell you, I did, but all of this talk about “corporate raiders,” and as I listen to politicians start talking about capitalism, lights are going off in my head. “Maybe they don’t really know what it is. Maybe they’re under some misconception about what capitalism is, because this characterization of it? A distinction with venture capitalism and vulture capitalism? This bite from Perry doesn’t compute.”

Michael Savage has been one of the worst offenders of all.  He made national headlines when he offered Newt Gingrich one millions dollars to drop out of the race so that Mitt Romney would have a clear path to the nomination.

When he announced this offer, Savage wrote the following on his own website....

"Mitt Romney is the only candidate with a chance of defeating Barack Obama, and there is nothing more important than that for future health, safety, and security of the United States of America"

So why are these conservative talk show hosts defending Mitt Romney so furiously?

I think now we know.

It is all about the money.

When you have enough money, you can get conservative talk show hosts to promote an extremely liberal candidate.

Yes, of course Bain Capital does not "control" what these talk show hosts say.

Yes, of course some of the talk show hosts toss some light criticism at Romney from time to time.

But they simply do not go after Romney like they should be.

The truth is that Mitt Romney is really a Democrat that is masquerading as a Republican.  When you closely examine his record, he is very similar to Obama.

There is no way in the world that any self-respecting conservative should ever cast a single vote for him.

But right now Mitt Romney is running away with the race for the Republican nomination.

If Republicans can be fooled this badly, is there any hope for the future of the Republican Party?

 


Bishop Mitt Romney Pressured Single Mother To Give Up Baby, Book Says

The Boston Globe's biography opens new windows into the candidate's time as a Mormon lay leader. Romney was a traditionalist.

As Mitt Romney spends the next leg of his campaign courting evangelical voters in South Carolina, his Mormon faith is expected to re-emerge as a subject of serious scrutiny. But concerns won’t belong exclusively to theologically suspicious Baptists: a newly revealed episode from the candidate’s time as a lay leader in the LDS church could raise eyebrows among women’s advocates.

While serving as bishop of a Mormon congregation near Boston in the early 80’s, Romney once threatened to excommunicate a young single mother if she did not give her soon-to-be-born son up for adoption, according to a passage from a forthcoming book, “The Real Romney.” excerpted this week in Vanity Fair.

The anecdote, which Romney has disputed, sheds new light on a compelling part of the candidate’s religious life—one that serves, politically, as a double-edged sword. On one hand Romney’s time spent as a minister of his faith gave him the unique opportunity of serving low-income Boston neighborhoods, undercutting the narrative that he’s an out-of-touch millionaire. On the other, his role as a representative of the church sometimes put him in a position of standing up for politically unsavory teachings.

Peggie Hayes had converted to Mormonism as a teenage along with her family, and told the book’s authors, Boston Globe reporters Michael Kranish and Scott Helman, that for a long time she found comfort in the faith’s teachings. After returning to the congregation as a 23-year-old divorced single mother, she soon got pregnant with a second child. Knowing she was in need of financial assistance, the Romneys arranged for her to do odd jobs for members of the congregation.

“Mitt was really good to us,” Hayes told the authors. “He did a lot for us.”

But while Hayes considered Romney a friend, he was also her bishop—which meant it was his job to pass along sometimes-harsh church counsel. The tension between the two relationships came to the forefront one day when he came over to her apartment, and encouraged her to turn her son over to the church’s adoption agency when he was born. (The church’s position is that if a happy marriage between parents of a newborn seems unlikely, adoption is preferable to single parenting.)

Hayes was offended by the suggestion, and told Romney she would never give up her son. But, according to Hayes, Romney told her, “Well, this is what the church wants you to do, and if you don’t, then you could be excommunicated for failing to follow the leadership of the church.”

Though she was defiant, the authors write, “In that moment, she also felt intimidated. Here was Romney, who held great power as her church leader and was the head of a wealthy, prominent Belmont family, sitting in her gritty apartment making grave demands.”

Hayes acknowledged the seriousness of excommunication: “This is not playing around. This is not like, ‘You don’t get to take Communion.’ This is like ‘You will not be saved. You will enver see the face of God.’”

According to the book’s authors, Romney would later deny that he ever threatened excommunication, and a review of the LDS church guidelines shows that the church does not often excommunicate members in situations like this. As bishop, Romney didn’t have unilateral authority to excommunicate Hayes--that decision would have been made by a council of regional lay leaders after discussing the matter with her—and failing to give up a child for adoption is not considered a grave sin.

But in the end, Hayes left the church anyway—not because of that conversation with Romney, but because of what happened soon after. When her new son was nine months old, he needed risky surgery, and a frightened Hayes called Romney and asked him to confer a blessing on the baby. But instead of coming himself, Romney sent two church members Hayes didn’t know.

“I needed him,” she said. “It was very significant that he didn’t come.”

 


One of Mitt Romney’s campaign slogans is “Obama isn’t working.”  (It’s a play off the Tory “Labour isn’t working” ad from the 1979 U.K. elections that swept Margaret Thatcher into power.) And even if the national unemployment rate should drift down to 8 percent or so by Election Day, the president would still be forced to explain away an anemic job creation record.

But what about Romney’s job creation record? During his time as governor, Massachusetts had net job growth of 1.4 percent, as USA Today has noted. That was slower than the national average of 5.3 percent with only Louisiana, Michigan and Ohio notching slower gains. That’s bad.

Yet the unemployment rate also fell sharply to 4.5 percent from 5.8 percent. That’s good.

“When Mitt came into office, the state was losing jobs every month. When he left office, the economy was generating new jobs by the thousands,” is how Romney’s website vaguely describes his jobs record as governor. But you can go to the U.S. Labor Department and see the data for yourself.  From January 2003 when Romney took office through December 2007, the Massachusetts economy added 61,042 jobs.

Then there’s Romney’s job creation record at Bain Capital. What was the net affect of his firm’s venture capital and private equity investments? Romney likes the nice, round number of “over 100,000″  jobs created. This is what he told Time magazine in December: ”And so I’ll compare my experience in the private sector where, net-net, we created over 100,000 jobs. We created over 100,000 jobs.” And this is what Romney told Fox last month: “And I’m very happy in my former life; we helped create over 100,000 new jobs.”

Now recall how Republicans have mocked Obama for his methodologically suspect “jobs saved or created” metric. (In fact, the administration has even replaced “jobs” with “work opportunities.”) Surely Team Romney arrived at that “over 100,000″ number via some rigorous and methodologically sound calculation that takes into account Bain investments that panned out and those that didn’t. As Romney himself said when he announced his presidential candidacy, “Sometimes I was successful and helped create jobs, other times I was not.” And given Romney’s financial acumen and that of his brainiac policy team, that “over 100,000″ number should be bullet proof.

But it isn’t. Here’s what a Romney spokesman told The Washington Post:

Eric Fehrnstrom says the 100,000 figure stems from the growth in jobs from three companies that Romney helped to start or grow while at Bain Capital: Staples (a gain of 89,000 jobs), The Sports Authority (15,000 jobs), and Domino’s (7,900 jobs). This tally obviously does not include job losses from other companies with which Bain Capital was involved — and are based on current employment figures, not the period when Romney worked at Bain.

That’s not going to cut it. The media will continue to pound away at the validity of the 100,000 number, as The WaPo and USA Today have. So, too, the Obama campaign. There’s obviously a lot more to Romney’s Bain career than those few investments.

I will concede that coming up with a comprehensive  number and then comparing it to Obama’s jobs record isn’t simple. Not with “over 10,000 transactions” and “over 750 investments.” For instance, what should be the cutoff date? When Romney left Bain, today, or some arbitrary time period like “jobs created within ten years of initial investment.”  And I realize Bain’s goal was producing a fat return on investment, not jobs.

But Team Romney should try harder. First of all — just as a political matter — without a strong and factual counter-argument, the campaign is vulnerable to media stories  focusing on Bain investments where jobs were lost — such as this one from Reuters about the firm’s investment in Worldwide Grinding Systems:

Soon after, in October 1993, Bain Capital, co-founded by Mitt Romney, became majority shareholder in a steel mill that had been operating since 1888. It was a gamble. The old mill, renamed GS Technologies, needed expensive updating, and demand for its products was susceptible to cycles in the mining industry and commodities markets. Less than a decade later, the mill was padlocked and some 750 people lost their jobs. Workers were denied the severance pay and health insurance they’d been promised, and their pension benefits were cut by as much as $400 a month. What’s more, a federal government insurance agency had to pony up $44 million to bail out the company’s underfunded pension plan. Nevertheless, Bain profited on the deal, receiving $12 million on its $8 million initial investment and at least $4.5 million in consulting fees.  … ”I worked hard all my life and played by the rules, and they allowed this to happen,” [one worker said].

Second, not only is Romney’s Bain record on trial here, so is the whole idea of Schumpeterian, entrepreneurial capitalism where “creative destruction” creates a massive net benefit for investors. This is exactly the idea that the Obama reelection campaign is attacking as promoting unacceptable levels of inequality.

Romney likes to say, “I love data.”  It’s time he does a better job showing it.


The Truth About Republicans By George Carlin

http://www.milkandcookies.com/link/273071/detail/

George Carlin: The Truth About Republicans

Audio only and of course NSFW. But Carlin has some opinions.


 

How Is Mitt Doing These Days?

Mitt Romney's been keeping himself at arm's length from the 2012 campaign, perhaps wisely recognizing that a Mitt Romney candidacy is more effective when there's not that much Mitt Romney in it.

When it comes to facing his GOP rivals, Romney ... well, he doesn't face them. He acts as if they don't exist. If he has to talk about them, he's typically pretty charitable. Instead, his focus has been on Obama. Romney has already projected himself into the future, finding himself the GOP nominee.

It will be interesting to see if Rick Perry can get into his head -- part of that Bernanke kerfuffle was designed to do just that, as Romney generically supports Bernanke. But if Mitt stays true to form, then his strategy to deal with Perry will be to put him on fade.

The way Romney's been keeping himself offstage confused reporters for a brief moment. There was that whole "Mittness Protection Program" thing that everyone tried to make happen a few weeks ago, but Romney couldn't be swayed.

Now, the Romney coverage is swinging back around to affirming his strategy -- which we have been affirming for a long time. We can break it down into three parts:

1.
Stay sane.

[Romney's] doing what establishment candidates do, trying to limit his early exposure and create an air of inevitability, and seeking to win over enough of the base to win the nomination -- but not in a way that gives his establishment backers pause about his electability. Historically, this has been a pretty sound strategy for the "next in line" Republican candidate.

The knock on Romney, though, is that this is (supposedly) a bad strategy in the political climate of 2011 and 2012. With the election of Barack Obama, the GOP base was radicalized almost overnight, as it seems to be whenever a Democrat wins the White House.  But the anger of the Obama era GOP base is also unique, in that it's not just directed at the ruling Democrats but also at Republican leaders. It was this base that insisted on nominating unelectable candidates for Senate races in Nevada, Colorado, Delaware and Alaska. And it's this base, a popular line of thinking goes, that will never accept Romney in 2012 -- even if the establishment closes rank around him: There's too much doubt about his ideological purity, and his Massachusetts healthcare plan, with its individual mandate, is just too similar to "ObamaCare."

But something funny has been playing out. All year, there's been talk that Romney's campaign is facing imminent collapse -- a tailspin like the one McCain faced in the middle of 2007, except this time with no miraculous comeback. And all year, he's defied the predictions, faring far better than the doubters expected.

2. Lay low.

GOP Presidential candidate Mitt Romney has settled on a rather low-key strategy of avoiding controversy, even as he allows his rivals to all discredit themselves with outlandish statements.

If the last 24 hours are any indication, there's something to this approach. In a single day, almost all of his opponents have said something that has attracted negative national media attention and should be raising real concerns among GOP establishment figures about their fitness for the presidential campaign.

[...]

Just about the only Republican presidential candidate who hasn't said anything ridiculous in the last 24 hours is Mitt Romney. It's a low bar to clear, but for a candidate who obviously has his eyes on winning the general election and not just the Republican primary, it's also something of a vindication. And, hey, it might work even in the primary: If Romney can stand by while his opponents implode -- without getting drawn into the whackiness himself -- enough GOP primary voters just may decide he's the last electable candidate standing.

3. Don't panic.

Mitt Romney is facing a few opponents who at first looked capable of halting his march to the GOP nomination.

Newt Gingrich is making a mad dash for the front runner position and may yet convince all Republican voters he is the man of the hour, but indications are that he has peaked as he has shot himself in the foot several times. 

With his record of pseudo job creation and down-the-line conservative politics, Texas Gov. Rick Perry  menaced the Republican front-runner in a way that other candidates -- from Iowa straw poll winner Michele Bachmann to wealthy New Hampshire-dweller Jon Huntsman -- have proven unable to do.

[...]

But you wouldn't know it from listening to Romney or his backers.
 

Mitt Romney is blasting Gingrich with negative ads which try to transfer the flip flop mantle to him. 

It's not that they don't take Perry seriously. Rather, Romney's supporters believe the Bay Stater's tortoise-like strategy will play to one of his essential strengths -- durability over the long haul -- and show Republican primary voters that he's best prepared to go up against a vulnerable incumbent president.

That's why since Perry joined the 2012 race, Romney and his advisers have been conspicuously gentle with the newest presidential candidate. On a visit to New Hampshire, Romney told reporters that his business experience -- "having worked in the real economy" -- would give him an advantage over Perry. But Romney did little to disparage his challenger.

And how is Romney doing in New Hampshire? Quite well, just like always.


Troubling Ads

There are campaign Ads croping up which are troubling for Romney:

Mitt Romney Brazenly Lies and the Media Lets Him Slide

Ariana Huffington of the huffingtonreport.com published a piece today:

"Mitt Romney's brazenly dishonest ad is far from the garden-variety truth stretching we're used to in political campaigns. It is so breathtakingly cynical it should cause us to question whether a candidate that would put it forth is fit for any public office -- let alone the presidency. Along with being deceitful, the ad is also a challenge to the media. It's like when a toddler looks right at you and slowly and deliberately spills a glass of milk. The child wants to see the reaction. It's a test of boundaries. If there's no reaction, then the message is that it's okay. That Mitt Romney hasn't been forced to apologize for this ad, that he hasn't been forced to fire the team responsible for it, isn't just a failure of Romney's -- it's a failure of our media culture."

Huntsman campaign video: Romney flips like a toy monkey

By Daniel Strauss - 10/28/11 03:49 PM ET
Jon Huntsman is ramping up his criticism of Mitt Romney as a flip-flopper with a new campaign ad. 

The video, called "Backflip," features a split-screen: On one side is Romney, making apparently contradictory statements — on issues like abortion and an Ohio bill curtailing union bargaining rights — and on the other a small wind-up toy monkey. 

"I believe that abortion should be safe and legal in this country," Romney says in a clip from his campaign for governor of Massachussetts. The video then cuts to Romney saying more recently he has "consistently been pro-life."

The ad, released Friday, comes the same day that Huntsman described Romney as a "perfectly lubricated weathervane."

"While Mitt Romney has been doing backflips on every issue from abortion to the individual mandate, Gov. Huntsman has been consistent on where he stands," Huntsman spokesman Tim Miller said in a statement announcing the video. "Leadership is not flipping back and forth on issues for your own political advantage. Real leadership is taking a clear position on issues even if it comes at political risk. Backflipping is for toys and gymnasts, not presidents."

The ad and Huntsman's comments are an aggressive push by the Huntsman campaign to capitalize on recent criticism Romney has fielded from conservatives for being inconsistent on certain issues. Recently, Huntsman was attacked for appearing to reverse his position on the Ohion union measure. On Tuesday Romney refused to say where he stood on the bill. 

A day later he said he fully supported "Gov. Kasich's Question 2 in Ohio."

"I'm sorry if I created any confusion there," Romney said. 

Also Huntsman's daughters released a spoof campaign ad based on an unusual spot from Herman Cain's presidential campaign. Cain has been competing closely with Romney to lead the Republican presidential field in the polls.

Watch the "Backflip" ad below:

 

Perry's Ads:

The Perry campaign came out with a new, slickly produced web video targeting Romney on some of his key campaign points. The spot accuses Romney of being "misleading" and hypocritical on immigration and healthcare:


New AD From Progressives:

Meanwhile, Romney is also being targeted in a new ad from Priorities USA, a Super PAC standing behind President Barack Obama's reelection effort.

"Romney is worth as much as $250 million. But he only paid about 14 percent in federal taxes last year," says a narrator in the spot. "That's less than what many middle-class American families pay. American families who are struggling to make ends meet."

WATCH:

 

Rachel Maddow Tears Into Mitt Romney, Does Epic Segment  - Mitt Romney Wants a Constitutional Amendment to Ban Birthcontrol!!!

Rachel Maddow Mitt Romney
Excerpt from an article posted on huffingtonpost.com 10/21/11
Beer, birth control, baby-making - oh my! Rachel Maddow tore into Governor Mitt Romney last night and took her criticism of the GOP candidate (and, really, all men in politics who have debated issues relating to uteri) to new heights on her Thursday show.

Maddow took issue with what she saw as Romney's failure to accurately answer a young woman who questioned the Governor's stance on birth control at an Iowa town hall. Romney—a favorite target of Maddow's— assumed the woman was referring to his stance on abortion, which he said he was against. But the woman was actually referring to what Romney has previously said he supports: a so-called "personhood amendment" that codifies life as beginning at conception. Many fear that the language of such amendments, which are currently on the ballot in some states, could lead to a ban on birth control.

After she played the clip of the exchange, Maddow said, "Romney apparently does not understand that this is what he supports." She said that the exchange reminded her about the male domination of politics and the media, and of the fact that those men often find themselves talking about women's bodies. "Sometimes, I'm not sure they really get it!" she almost shouted.

She then had her producers change her usual blue background to a room with a bar, large TV screen and big leather sofa. Maddow turned what she called her "man cave" into a special Romney-themed cave, so her producers included a graphic of a Harvard flag and the Salt Lake City 2002 Olympics logo. She popped open a beer and told the ladies to leave so she could talk "just to the fellas."

"It's very simple," Maddow said. "This-is-how-a-baby-is-made." She then launched into a full description of the baby-making process and even put up a diagram of the female reproductive system titled the "man cave's not-too-upsetting guide to down-there parts." She mockingly went through three beers in the process of explaining to men how babies were made, how birth control worked, and that sometimes people engaged in sexual acts that could lead to pregnancy even though they don't want it to. "This is how the birth control works that Mitt Romney told Mike Huckabee he would like to make illegal!" she cried, criticizing government involvement in "litigating the second-by-second legal status of what is happening in some guy's girlfriend's uterus on a Friday night."

"I know it's awkward to talk about these things sometimes," Maddow concluded. She also said that she knew this was "very upsetting" but felt it was warranted to talk sense into men. "Criticize away," she told her viewers.

WATCH:

 


Mitt Romney Used Campaign Funds To Enrich Himself And His Associates!!!  Oh My Gawd how Could He Do Such A Thing?...Oh Yea He's a Republican.

Herman Cain Mitt Romney
First Posted: 10/18/11
 
WASHINGTON -- If campaigns have the potential to become vehicles for candidates to advance themselves financially, far more often they serve as veritable bank accounts for associates or friends of those candidates. Take, for instance, the latest financial disclosure reports for Mitt Romney's presidential campaign. From July 1 to Sept. 30, the former Massachusetts governor paid more than $2.15 million in fees to SJZ LLC, a financial consulting firm that manages the campaign’s fundraising efforts nationwide.

SJZ LLC was founded by Spencer Zwick, the national finance director for Romney's 2008 campaign and Romney's son Tagg's current business partner at the private equity firm Solamere Capital. That's on top of the more than $666,000 the campaign paid SJZ LLC in the second quarter of the campaign, and the nearly $1 million it received from Romney's Free and Strong America political action committee. (It's worth noting that SJZ has done political work for other campaigns in the past. Between March 2009 and January 2011, for example, it was paid $1.4 million by Meg Whitman's failed gubernatorial campaign in California.)

Zwick wasn't the only Solamere official to be on the receiving end of Romney's presidential campaign funds. John Miller, who is Romney's National Finance Co-Chairman and an operating partner at Solamere, is also the Chief Executive Officer of JR Miller Enterprises, an official at the company confirmed. A JR Miller Enterprises affiliate, JRM-C Management, received a $12,391 check from the Romney presidential campaign to pay for air travel on August 19, 2011.

In other words: According to the flight manifest, Miller likely rented out his corporate jet for a flight from Utah, where Romney was fundraising at the time, to San Diego where Romney is renovating an oceanfront home.

That Romney would turn to close associates and his son's business partners for campaign assistance or a trip on a private jet is not unprecedented. President Obama acted similarly when he paid millions of dollars to David Axelrod's political consulting firm during the 2008 campaign.

But, as they were back then, questions have been raised about both the type of relationship resulting from these expenditures and whether it is ethical for candidates to use donor money in this manner.

"It is not illegal, but it sure doesn't smell right when it comes to politics," said Bob Edgar, chief executive of Common Cause, a national nonprofit advocacy group that first raised concerns about Romney's Solamere connections to the Boston Globe.

"They themselves have become wealthy by using Romney's political activities over the past few years," Edgar said. "I think the general public would question: a. what is this all about, and b. How much is Spencer Zwick making off of Romney, both with the equity firm but also continuing to help him in the development area?"

 


 

Mitt's Tax Flip  

In 2004 Romney Played Up Taxes To Please S&P But in the 2011 Version He Blasts Obama For Ratings Downgrade.. Rejects Debt Deal, Fearing Higher Taxes.......Uh Whats Wrong With This Message...WARNING WARNING DANGER...FLIP FLOP!!!  


Taxes key to Mitt Romney's '04 pitch to Standard & Poor's

Excerpts from an article posted at politico.com by Ben Smith on 8/10/11

Gov. Mitt Romney lobbied the credit ratings agency Standard & Poor’s in 2004 to raise his state’s credit rating in part because Massachusetts had raised taxes during an economic downturn two years earlier.

The claim was part of a presentation to the ratings agency obtained by POLITICO under a state freedom of information law from the Massachusetts Executive Office of Administration and Finance. The Nov. 4 presentation, stamped “confidential,” helped persuade S&P to raise the state’s grade and handed Romney the perfect talking point for last week’s humiliating national downgrade by the same agency.

“When I was governor, S&P rewarded Massachusetts with a credit rating upgrade for our sound fiscal management and the underlying strength of our economy,” Romney boasted. “That didn’t happen by accident. The president’s failure to put the nation’s fiscal and economic house in order has caused a massive loss of confidence that resulted in an embarrassing downgrade.”

But Romney’s case to S&P is a far cry from the anti-tax absolutism of the Republican Party he hopes to lead. Indeed, it bears a far closer resemblance to the right-of-center grand compromise rejected by House Republicans this year — dismissed because it would include new taxes and end tax breaks President Barack Obama described as “loopholes” — or the more modest compromise that passed, than to the Cut, Cap, and Balance plan Romney “applauded.”

The presentation to the ratings agency reveals that Romney’s administration made the case to Standard & Poor’s that his state was creditworthy because of both spending cuts — the current preferred GOP method — and new revenues, including fees he imposed and tax “loopholes” he closed. The presentation also prominently cited a controversial set of tax increases in the summer of 2002, which Romney, then a candidate, had opposed.

The documents, 27 pages of confidential “discussion materials” (Part 1, 2, 3, 4) and a 50-page presentation focused on the 2005 budget, don’t make clear whether Romney participated in the presentation. Eric Kriss, who served as Romney’s secretary of administration and finance, said he believed Romney and his top aides had delivered the presentation on a conference call with the ratings agency analysts.

Romney’s spokesman then and now, Eric Fehrnstrom, said he wasn’t sure whether Romney was present, and current Massachusetts officials were unable immediately to say, though it would be typical for the executive to star at such a high-stakes meeting.

And Romney said in a radio interview Tuesday that he was proud of his personal involvement in the process, in contrast to Obama. "The president really ought to personally sit down and meet with S&P. I did that when I was governor; I met with the ratings agencies and talked about our future and tried to instill confidence in our future because, look, how they rate our debt and how they rate our future as a nation will affect the interest costs that we end up paying and will affect homeowners and borrowers all over the country," he told the San Diego station KCBQ.

The agency was duly impressed: “Over the last few years, Massachusetts has taken certain actions that have reduced budget uncertainty, reined in spending, and prudently managed resources during a difficult national economic slowdown,” Standard & Poor’s said in the March 2005 report in which it upgraded Massachusetts to AA from AA-.

The 2004 presentation cuts to a truth about the ratings that has been obscured in the current debate: While raters may have some views on economic policy, their basic concern is that government income is on track to pay government obligations. The question of whether higher taxes or lower spending will produce that outcome is secondary to their evaluation.

“When you’re talking to ratings agencies, you are trying to emphasize your fiscal strengths irrespective of what might be your long-term policy,” said Kriss, who said Romney had been “vehemently opposed” to the tax increases despite their role in balancing the budget.

Many observers said Romney’s broader fiscal policy fit that technocratic, budget-balancing mold.

The one-term governor was “focused on balancing the budget and creating surpluses instead of spurring economic growth,” said David Tuerck, executive director of the anti-tax, anti-regulation Beacon Hill Institute, who added that while Romney had cut some taxes, one of his greatest accomplishments was building up a large rainy-day fund. “He erred in the direction of building up revenues in the stabilization fund in place of moving toward a more robust policy of economic expansion.”

Romney, in his presentation to S&P, touted the growth of that fund, and the combination of emergency spending cuts and new revenues he’d used to fill it.

Massachusetts “successfully managed revenue and expense positions” during a downturn in fiscal years 2002 and ’03, the presentation said. “The commonwealth acted decisively to address the fiscal crisis.”

The claims are followed by a chart indicating that the state stayed solvent as tax collections plunged: “July 2002 — Legislation to increase tax revenue” by more than $1 billion in each fiscal year; a tax amnesty; and “tax ‘loophole’ legislation” worth $269 million.

The document also noted that the fiscal 2004 budget “increased fees to raise $271 million yearly,” a move Romney’s critics denounced at the time as a stealth tax.

New revenues amounted to a larger sum than the emergency spending cuts of about $500 million that Romney touted, but they weren’t the only element of the case for a ratings upgrade. Romney also argued that the state had succeeded in shifting school construction and other costs onto a more sustainable fiscal footing, and that he’d avoided some of the questionable one-shot measures — like borrowing against anticipated tobacco lawsuit payments — to which other states resorted.

Romney’s aides, asked about the presentation, pointed out that Romney, once he took office as governor in 2003, never signed a tax increase, but instead passed on most of the fruits of an economic boom to taxpayers in the form of tax cuts.

“Gov. Romney balanced the budget primarily by cutting waste and inefficiency, by streamlining and economizing, and by reducing nonessential state spending,” said Romney spokeswoman Andrea Saul in an email. “Obama was talking about raising taxes.”

“At the time of Massachusetts’s upgrade, [Romney] clearly said he was proud to have done it without raising taxes and he cut taxes 19 times as governor,” she said.

Romney’s aides also argued that Romney’s loophole closures were more authentic than Obama’s. While some of the tax breaks Obama would end are policy choices aimed at boosting specific industries, Romney targeted what his allies say amounted to mere corporate trickery — banks, for instance, reclassifying themselves as real estate companies in order to be taxed at a lower rate.

“Loophole closings are not tax increases. Companies sometimes use aggressive accounting techniques to lower their tax liability in ways that were never intended by the law,” said Saul. “When that happened, the state closed the loophole. That’s called tax enforcement.”

Local analysts didn’t buy that all of the “loopholes” were that straightforward.

“He, like everybody, when they’re raising corporate taxes, calls it ‘closing tax loopholes,’” said Michael Widmer, president of the business-backed Massachusetts Taxpayers Foundation. “A couple of these were real loopholes but by and large they were increases in corporate taxes by changes in tax policy.”

That dispute is relatively common in fiscal policy. Harder to square with Romney’s public rhetoric is the presentation’s blunt claim of credit — on behalf of the Commonwealth, if not Romney — for the deeply contested 2002 tax increase. Faced with declining revenues, the Democratic-controlled Massachusetts Legislature passed a package worth more than $1.1 billion dollars in new taxes. They suspended planned cuts to the personal income tax, sharply raised long-term capital gains tax rates, and added a 75-cent tax to each pack of cigarettes.

The state estimated at the time that the hikes would cost the average non-smoking resident $317 the following year, while costing a pack-a-day smoker $592.

The measure passed over the veto of acting Republican Gov. Jane Swift, and helped force her out of a race for a full term. Romney ran a sharply anti-tax campaign, benefiting from public anger at the increases, though he opposed as too radical a ballot measure that would have abolished the state’s income tax.

Boston Globe columnist Joan Vennochi predicted in 2002 that Swift’s failure to stop the tax increases would, in the end, appear as a favor to Romney: “He can say he opposes the [income tax freeze] and the new taxes; if elected he will benefit from both.”

Emily Schultheis contributed to this report.

Read more: http://www.politico.com/news/stories/0811/61066_Page3.html#ixzz1UiTx54lO

The Abortion That Mitt Doesn't Talk About Anymore

His young relative died tragically in an illegal abortion in 1963: Her untold story -- and what it means for Romney

In a 1994 Senate debate with Ted Kennedy, Mitt Romney revealed a startling chapter from his past:  A close relative had died many years earlier in a botched illegal abortion, shaping Romney's stance in favor of safe and legal access to abortion for all women. But in the many years since that revelation, even as Romney flipped his position and became an ardent opponent of legal abortion, the details of his young relative's story, including even her name, have never been reported.

The relative he was referring to back in '94, Salon has learned, was a Detroit woman named Ann Keenan. She was the sister of Romney's brother-in-law and died at the age of 21 in 1963, a full decade before Roe v. Wade. While much of what happened remains murky, an investigation by Salon has uncovered never-reported details about her life and death, including: how she died (an infection); that her grief-stricken parents asked for memorial donations to be made to Planned Parenthood; and that the family apparently wanted to keep the death quiet because Romney's politically ambitious father, George, was then governor of Michigan.

With access to abortion increasingly restricted in many states and the possibility that a Republican victory in 2012 -- potentially by Romney -- will tilt the balance of the Supreme Court against Roe v. Wade, Romney's account of how a back-alley abortion touched his own family is more relevant than ever. The episode is a window into an era when obtaining an abortion meant the real risk of serious injury or death. It also represents a key part of Romney's political journey on the issue of abortion, which has more than any other tarred him as a flip-flopper.

The outlines of the story first became public when Romney -- unprompted -- brought it up in that 1994 debate with Kennedy, whom he was trying to unseat. At the time, Romney, who was making his first bid for office, was struggling to prove his pro-choice bona fides to liberal Massachusetts voters. In the debate, he insisted that he separated his personal beliefs -- opposition to abortion -- from his policy position that abortion "should be safe and legal in this country." Accused by Kennedy of being "multiple-choice," Romney angrily fired back:

"On the idea of 'multiple-choice,' I have to respond. I have my own beliefs, and those beliefs are very dear to me. One of them is that I do not impose my beliefs on other people. Many, many years ago, I had a dear, close family relative that was very close to me who passed away from an illegal abortion. It is since that time that my mother and my family have been committed to the belief that we can believe as we want, but we will not force our beliefs on others on that matter. And you will not see me wavering on that." Watch:

After the debate, the Romney campaign wouldn't identify the woman Romney had referred to, saying only that she was the sister of Romney's brother-in-law, and that she had been engaged when she became pregnant. The candidate himself said, "I hadn't thought much about" abortion until the relative's death, but that it "obviously makes one see that regardless of one's beliefs about choice, that you would hope it would be safe and legal."

Through public records in Michigan and interviews with people who knew her, the basic contours of Ann Keenan's life can be established. This picture, at right, is from her 1959 senior yearbook at Detroit's exclusive Liggett School (click for larger size), four years before her death.

Keenan was born in 1941, the daughter of a Detroit public school English teacher. Her elder brother Loren married Mitt Romney's elder sister Lynn in the late 1950s. The family lived on Edison Avenue in the well-to-do Boston-Edison neighborhood in the heart of Detroit, then a booming manufacturing center. (Indeed, George Romney was president of the American Motor Corp. before being elected governor of Michigan in 1962.)

"She was so intelligent, beautiful and a friend to everyone," Marilyn Frey, a classmate and friend of Keenan in the 22-member class of 1959 at the all-girls Liggett School, recalled in an email to Salon. In high school, Keenan was active in theater, performing in "The Importance of Being Earnest" and serving for three years on the drama board. She was a scholarship recipient and class president her sophomore year. One of Romney's sisters was quoted in the press in 1994 recalling that Keenan "was a beautiful, talented girl [whom] we all loved."

Keenan went on to Michigan State University but little is known about her time there. In 1962, just a year before her death, she appeared in the Grosse Pointe News after she and a young man pleaded guilty to using a fake ID to buy alcohol.

On Oct. 7, 1963, at Wyandotte General Hospital south of Detroit, Keenan died of an infection following what her death certificate describes as a "criminal recent abortion." The cause of death is listed as:

Subarachnoid hemorrhage following septic criminal recent abortion with septic thromboembolism pneumonia and hepatitis with focal necrosis of liver

Infection, often caused by the use of unsanitary instruments, was one of the most common causes of death from abortion in the pre-Roe era, according to Dr. David Grimes, who previously worked at the Centers for Disease Control studying abortion deaths.

Two of Keenan's friends, Frey and Sandra Nye, did not know how she died until Salon contacted them recently. That may have something to do with the fact that George Romney, who would go on to run for the Republican presidential nomination in 1968, had been elected governor just a year before Keenan's death.

"It was all very hush-hush because Romney was governor, and they really wanted this very quiet and to go away," said Nye, who attended Liggett and Michigan State with Keenan. A rumor circulated that Keenan had committed suicide, Nye said, and she did not remember a funeral being held.

What did appear was a brief death notice in the Detroit News. It says merely that Keenan died "suddenly," but her parents added that "Memorial tributes may be sent to the Planned Parenthood Association." Planned Parenthood was at that time an organization focused exclusively on birth control and family planning; abortions, of course, were not yet legal. But the group had sponsored a conference several years earlier supporting liberalization of abortion laws.

Mitt Romney was 16 when Keenan died.

We don't know what Keenan's abortion experience was like. She could, like many women who ended up injured or dead from abortions in that era, have tried to self-induce. Douching with soap or bleach was a "common and frequently fatal method," though there were many others, according to Leslie Reagan's book "When Abortion Was a Crime." Big city hospitals treated thousands of women each year for often brutal injuries related to illegal abortions. By the early 1960s, as childbirth became safer, abortion-related deaths made up nearly half of the entire maternal mortality rate in New York City, according to one study. 

Alternatively, Keenan may have been able, through a referral from a doctor or through word-of-mouth (perhaps from her fiancé or a family member), to find an abortionist. That abortionist could have been someone with no medical training, or a licensed doctor willing to quietly perform the procedure on the side. Keenan might have been blindfolded and taken alone to an unknown place, a common precaution at the time. But the quality of service could be spotty and conditions were often unclean, a major cause of infections.

Plus, in the face of police crackdowns in the early '60s, the cost of hiring an abortionist was quickly increasing. A woman seeking discretion might have had to travel to another city. And the stakes were extremely high. For women who were found out, there could be disciplinary consequences at college. And there was also, of course, the intense social shaming inflicted on unmarried women who became pregnant.

A story cited in Reagan's book demonstrates just how powerful the stigma could be:

One woman, who had gone to a southern women's college, remembered another student who had an illegal abortion. "She was too frightened to tell anyone what she had done," she recalled, "so when she developed complications, [she] tried to take care of herself. She locked herself in the bathroom between two dorm rooms and quietly bled to death."

Some women who suffered complications delayed going to the hospital out of a very real fear of interrogation or referral to the police -- with fatal consequences. (Though it was typically the providers, not their clients, who were prosecuted.)

Evergreen Cemetery, Detroit

The data is imperfect, but studies (pdf) from this era suggest that as many as 5,000 women died per year from illegal abortions in the United States. Following the liberalization of abortion laws in several states in the early 1970s and the Roe decision in 1973, the death rate dropped drastically. In New York City, for example, the maternal mortality rate dropped 45 percent the year after the state legalized abortion, according to Reagan's book.

This history is precisely what made Romney's insistence in that 1994 debate that abortion should be "safe and legal" so compelling. That year, he even attended a Planned Parenthood fundraiser, and his wife, Ann, gave $150 to the group. And while he used much more muted language, Romney vowed during his successful 2002 campaign for governor of Massachusetts to uphold the state's abortion laws. But in 2005, as he prepared to seek the 2008 GOP presidential nomination, Romney switched gears and announced in a Boston Globe Op-Ed that he was changing his position, describing himself as "prolife" and arguing that states should be able to set their own abortion laws.

At around the same time, Romney's statements from the '94 debate received new scrutiny. Boston Globe columnist Eileen McNamara interviewed an associate of his late mother, Lenore Romney, whom Romney had praised in '94 for supposedly supporting legal abortion during her own 1970 campaign for the U.S. Senate in Michigan. The associate, who had worked on Lenore Romney's unsuccessful campaign, had no memory of the candidate coming out in favor of legal abortion. Lenore Romney's campaign took place seven years after Ann Keenan's death and three years before Roe. In response to McNamara's column, Romney's office dug up an old platform document from his mother's campaign that offered a muddled-sounding position:

I support and recognize the need for more liberal abortion rights while reaffirming the legal and medical measures needed to protect the unborn and pregnant woman [sic]."

When he changed his abortion stance, Mitt Romney didn't make reference to Ann Keenan's case or discuss how her own tragic story meshed with his new stance, which effectively called for a return to the way things were when Keenan died. His presidential campaign declined to comment for this story. (And Keenan's older brother did not respond to a request for comment.)

As a political issue, abortion continues to cause headaches for Romney. In June, he declined to sign a pledge by the antiabortion group Susan B. Anthony List, arguing that it would require signatories to defund thousands of hospitals that offer abortion services. But Romney maintained that he would cut funding to Planned Parenthood, that he opposed Roe, and that "abortion should be limited to only instances of rape, incest, or to save the life of the mother."


Groups Call For Pro-Romney Super PAC Mystery Donation Investigation

Mitt Romney
Posted: 8/5/11 03:03 PM ET
WASHINGTON -- Reform groups filed an official complaint and request for investigation on Friday against the company that gave a $1 million donation to a pro-Mitt Romney group then subsequently dissolved.

The Campaign Legal Center and Democracy 21 filed an official complaint with the Federal Election Commission (FEC) and sent a letter to the U.S. Department of Justice. They're calling for a closer look at the $1 million contribution from the company W Spann LLC to Restore Our Future PAC, a Super PAC created by former Romney staffers to support the former Massachusetts governor's bid for the presidency.

"This case deserves a good hard look from the agencies charged with enforcing our nation’s election laws and if violations are found they must be prosecuted vigorously to deter such violations in the future -- otherwise 'straw companies' will make a mockery of campaign finance disclosure and the specter of foreign campaign contributions will hang over the process," Paul S. Ryan, a lawyer with the Campaign Legal Center, said in a statement issued Friday.

Democracy 21 President Fred Wertheimer said, "In this case, it appears that someone has gone to great lengths to evade the campaign finance disclosure laws in order to hide what they are doing from the American people. This is unacceptable and potentially illegal conduct and we are calling for an investigation of possible campaign finance violations by the Federal Election Commission and Justice Department."

The calls for an investigation come one day after NBC reported that W Spann had dissolved in July, only four months after forming and three months after making the contribution.

The FEC complaint alleges that W Spann broke the law by making a contribution in the name of another person and failing to form and register as a political committee. The letter to the Justice Department asks that, if the FEC fails to act, the Department step in to enforce the law.

Speculation around the source of the W Spann contribution is ongoing. The Boston Phoenix's David Bernstein writes that the contribution may have come from the hedge fund billionaire Paul Singer, whose Elliott Management has an office at the address W Spann listed on its contribution.

Bernstein speculates that Singer may have wished to give to the pro-Romney group anonymously because he was also "reported to be the main funder behind New Yorkers United for Marriage, a coalition formed earlier this year to advocate for legalizing same-sex marriage in that state."

Although Romney has received tepid support from social conservatives in the past, on Friday he signed a pledge to pass a constitutional amendment defining marriage as "the union of one man and one woman" if he were elected president.


As Mitt Romney’s atrocious record on job creation continues to from other Republicans, Democrats are starting to focus more of their energies on the Republican frontrunner’s more glaring vulnerability.

Today, for example, the former governor will campaign at a NASCAR race in Loudon, New Hampshire. The Democratic National Committee released a new video to honor the occasion.

 

 In case there are any doubts, this has the benefit of being true. During Romney’s only service in public office, his state’s record on job creation was “one of the worst in the country.”  Massachusetts ranked 47th out of 50 states in jobs growth on Romney’s watch (and unlike President Obama, Romney didn’t inherit an economic crisis). There was a reason Romney served one term and then quit — he was not all popular with his constituents and probably would have lost a re-election bid.

And that’s just his public-sector record. In the private sector, Romney made a living slashing American jobs — a record that’s also starting to gain wider attention.

On the campaign trail, Romney keeps making this worse. He not only seems to find unemployment funny, he’s also arguing that jobless Americans have to bear a greater burden because corporations need another tax cut.

Despite all of this, Romney has decided to not only build his entire campaign around the jobs issue, but also position himself as a champion of the unemployed. This morning’s DNC video is a hint of what’s to come — labeling Romney as “the anti-jobs candidate” will be a pretty straightforward exercise.

As a purely political matter, unemployment is obviously a key obstacle for the president’s re-election. Is Obama lucky enough to have Republicans nominate the candidate whose weakest issue is jobs?

By Steve Benen | Sourced from Washington Monthly

Posted at July 16, 2011, 8:51 am


Is Mitt Romney Going To Hell For His Many Misdeeds?

Mitt Romney is Damned.  That much is clear.  But where and how ?  Dante neglected to specify which circle of hell a soul is consigned to after betraying the citizens of Massachusetts for the sake of Greed and politics.

Traitors are of course consigned to the innermost circles, ranging from traitors to their kin, lords, country and benefactors.  No space appears to have been left for traitors to citizens of States.

The thought struck us that hell is long overdue for a make-over.  The business of sin has changed substantially since Dante's day.  Not only are many of the sins archaic (it seems doubtful at this point that Protestants are damned as schismatics) but as in the McConnell case, Dante has failed to keep up with the times.  What is the punishment for TV evangelists Political Liars, Political Theives, or for that matter for those take advantage of Citizens.

Whatever Romney's position, anyone who betrays Citizens in that calculating manner deserves the fate that Dante would assign him:  being trapped in ice up to the neck in the deepest pit of the Inferno, where treachery against basic human bonds is punished and where Satan himself, once the brightest of the rebel angels, beats his bat's wings.

Good Luck Mitt, Satan is coming for you anytime now - he remembers when you sold your soul and he's coming to collect!!!

We will leave it up to the reader to determine whether Mitt Romney has made serious errors in judgment.  Mitt has sort-of supported a Conservative Christian position especially when it involves running for office.  But you can't tell because he has flip flopped so many times that he can say he has supported anything and been against anything.  It is apparent from the data collected, that truth and the first amendment may be in danger from his past actions.

When we called Mitt Romney's office last year, they stated that his position is that there is no such thing as any religion but his version of Mormonism/Christianity, that all other religions weren't "Real" religions."  What is a real religion, Mr. Romney?  What are you practicing? Whatever it is should be made illegal.  Read the following and remember: "By their Works may they be known."  This is a summary of information collected from several sources including Washington Post, Salon Magazine, Harpers Magazine, Atlanta Journal Constitution and others about Mitt Romney.

(Remember it is best to investigate on your own when looking at allegations about anyone.     Don't believe us, think for yourself and investigate for yourself!  And remember, the Religious Freedom Coalition does not represent any political party nor do we recommend any political candidate, nor are we involving ourselves in the political process. 


Who is Willard Mitt Romney

Willard was born March 12, 1947.  He is a businessman, a former Republican governor of Massachusetts, a former 2008 Republican Presidential candidate, and a hypocrite.

Biography

Mitt Romney’s impressive political acumen was instilled in him from his birth on March 12, 1947, to a failed presidential candidate (George) and a failed Senate candidate (Lenore). Born Williard Mitt Romney, he was named after his father’s best friend, hotel magnate J. Willard Marriott, founder of a chain of hotels that, like Romney himself, are nice-looking but generally bland and indistinctive.

Religious Beliefs

Romney is a member of the Church of Jesus Christ of Latter-Day Saints, otherwise known as Mormons, otherwise known as “those guys that HBO show with the polygamists is about.” When the U.S. Supreme Court upheld various anti-polygamy statues in the late 1800s, Romney’s great-grandparents fled to Mexico so the men could bang multiple wives they could practice their religion. The family returned to the United States after Mitt’s father was born. In summation: Mitt Romney’s ancestors were sex addicts, and his father was a Mexican immigrant.

Family

Mitt has been married for 38 years to Ann Romney, who is a convert to her husband’s religion. They have five sons, one of whom is named “Tagg.” According to Mitt, the sons, who are all eligible to fight in Iraq, are serving their country by "helping me get elected.” The Army’s loss is the Internet’s gain, because the brothers host a blog, creatively called Five Brothers, which features such America-serving stories as, “Soup Recipes Submitted To AnnRomney.com,” and “An Easy Halloween Costume.” Five Brothers is a political must-read, right after the Daily Kos. Also, once again, one of Romney’s sons is named “Tagg.”

Business Career

From 1974 to 1998, Romney eschewed politics for the traditional Republican pursuit of accumulating vast piles of money. During that time, he co-founded Boston’s Bain Capital, a private equity investment firm which yielded a dickishly high, yet no less impressive 113% rate of return during his 14 year tenure. Romney left Bain Capital in 1998 to head the 2002 Salt Lake City Olympic Games Organizing Committee. Romney’s Games made $100 million in profit, which is really what the Greeks had in mind all along.

Political Career

In 1994, he ran for Ted Kennedy’s Senate seat, losing after Kennedy infamously called the (then) pro-choice Romney “multiple choice,” a stinging rebuke for which Romney was only able to think of the perfect comeback hours later, while lying in bed, which is totally frustrating. On the heels of his Olympic success, Romney was elected governor of Massachusetts in 2002. He began his term as a proponent of domestic partnerships for same-sex couples, and ended it urging the U.S. Senate to pass a constitutional ban on gay marriage. Untroubled by low approval ratings (70% of Massachusetts residents rated him “fair to poor”), Romney decided to run for president at the conclusion of his term in January 2007.

On February 7, 2008, Romney suspended his presidential campaign, describing his moral obligation to make sure the Democrats lose as badly as possible. At a speech to the Conservative Political Action Conference, Romney spoke at length about his devotion to ensuring the success of the Iraq war and protecting American lives. In solidarity, voters overwhelmingly agreed with him that the the best thing for America was for him to not be President.

Interestingly, after his brief consideration for the 2008 Vice Presidential candidacy, Romney has somehow positioned himself as the moderate, sensible candidate in the GOP's early 2012 presidential consideration, considering his likely opponents.

Political Positions

Romney is currently against the conservative trifecta of abortion, gay marriage and stem cell research, despite the fact that the latter may hold a cure for his wife Ann’s multiple sclerosis. He supports the Iraq war, the death penalty and withholding constitutional rights from suspected terrorists. All positions, of course, are subject to change.


Romney: Obama Made The Economy Worse — No, Wait, He Didn’t [VIDEO]

Romney: Obama Made The Economy Worse — No, Wait, He Didn’t [VIDEO]
 

Poor Mitt Romney.  He’s been accused of a lot of flip flops in his campaign.  He was for government mandated health care, then against it, being pro-choice or anti-abortion depending on what office he’s running for.

Now his biggest talking point in his presidential campaign — claiming that President Barack Obama has made the economy worse — is turning into another about face.  With the media pointing out that the claim doesn’t statistically hold true, Romney is now trying to say he never said it in the first place.

Via MSNBC:

When NBC producer Sue Kroll asked the former Massachusetts governor why he believes that Obama’s policies have made the economy worse — when the economy is now growing (and not shrinking like it was in 2009), when the Dow is climbing (and no longer in a free-fall like it was in ’09), and when the unemployment rate is down a full percentage point from where it was in Oct. ’09 — Romney gave this answer:

I didn’t say that things are worse.

Romney went on to say:

What I said was that economy hasn’t turned around, that you’ve got 20 million Americans out of work, or seriously unemployed; housing values still going down. You have a crisis of foreclosures in this country. The economy, by the way, if you think the economy is great and going well, be my guest. But the president of the United States, when he put in place his stimulus plan and borrowed $787 billion, said he would hold unemployment below 8% — and 8% seemed like an awfully high number. It hasn’t been below 8% since.  That’s failure. We’re over 9% unemployment. That’s failure. He set the bogie himself at 8% ,which strikes me as a very high number and we’re still above that three years later.

But of course, Romney did say it. A lot. So everyone should have seen this video coming.

Photo credit: Photo by Jessica Rinaldi (Mitt Romney Media) [CC-BY-3.0 (www.creativecommons.org/licenses/by/3.0)], via Wikimedia Commons

Read more: ,


Romney's First Official Whopper?

The GOP frontrunner officially launches his 2012 presidential bid—with a fact-free claim about the looming extinction of America's free market economy.

At 1:00 in the afternoon, Romney delivered his announcement speech at a New Hampshire farm, and said the line highlighted below.

It's Mitt Romney's big day. In New Hampshire, he will officially announce his second presidential run—which unofficially began the moment John McCain lost to Barack Obama. And he's launching his campaign with a whopper.

According to the advance text of his speech—which his aides handed out to various media outfits to boost interest in Romney's unsurprising declaration—Romney will proclaim that President Obama has "failed America." He will blast Obama for expanding the size and reach of government. He will somberly state, "We are only inches away from ceasing to be a free market economy."

Inches away? Is he kidding? Did Sarah Palin write this line for Romney?

Reporters should ask the former mandate-embracing governor of Massachusetts to back up this demagogic statement. Where is the free market grinding to a halt? Romney might be tempted to repeat the right-wing shibboleth that Obama's health care overhaul is a "government takeover"—a sentiment Romney expressed recently when he gave a speech explaining (or defending or excusing) the health care reform he enacted in the Bay State. But Politifact.com rated this assertion 2010's "Lie of the Year," noting that the Obama plan relies on private insurance companies, and it awarded Romney its "pants on fire" rating for recycling the "takeover" line last month.

So what other evidence might Romney submit to back up his claim that the free market economy is on the brink of destruction? American automakers are in a much better (and more competitive) position, due to Obama's rescue plan. (Romney opposed the use of federal money to save Detroit.) Corporate and bank profits have been soaring in recent months. And the stock mark recovered from the losses brought about by the Bush-Cheney crash of 2008. If this is the end of our free market economy, titans of industry and investors may be tempted to embrace its demise.

The economic news for the rest of the nation, though, has indeed been not bright. The lead story of this morning's Washington Post reports, "The economic recovery is faltering, and Washington is running out of ways to get it back on track." Manufacturing and private-sector job creation have both slowed, while home prices are declining and consumer spending has slackened. All this, combined with the downgrade of Greece's debt rating by Moody's, sent stocks tumbling on Wednesday.

So Romney, the apparent GOP frontrunner, has plenty of cause to talk about the economy and to critique current policies. As a former business executive and past governor, he can boast experience concerning economic activity and government policy-making. In fact, of all the GOP candidates in the field, Romney has the most standing to challenge Obama's economic actions (even if the company he led often brokered deals that resulted in job losses).

With his announcement speech, though, Romney is signaling that he's not prepared to have an adult conversation that transcends the scoring of political points. Romney's paramount responsibility as a presidential wannabe is to play to (or pander to) Republican primary voters. In the past, he has demonstrated how far he's willing to go in that regard by trading in his moderate/liberal positions on abortion, gay rights, and gun control for the traditional GOP stances on these matters. Issuing over-the-top assertions about the economy is not a stretch for him.

Yet these challenging times deserve serious discourse—especially on economic matters. The Republicans are pushing the notion that drastically reducing government spending is the cure for what ails the economy. Conventional economists disagree. With overall demand lagging, they say, now's not the time to downsize government-driven demand. That is, not if you care about boosting (or maintaining) economic activity and creating (or saving) jobs. How this debate turns out will affect the fortunes of millions of working Americans—and of the nation itself.

Romney can play an important role in this debate. If there's a fact-based and reasonable case to be made for the Republican position, he's the ex-CEO for the job. But such a conversation needs to be free of demagoguery—or, at least, free of excessive demagoguery. But when his audience is red-meat-hungry Republican primary voters and caucus attendees, Romney is not going to trim the excess.

The nation's free market economy is not on the verge of extinction. (Oh, look, here come the collectivists!) Romney must know that. Yet his willingness to utter such an extreme, fear-laden remark shows he's eager to tap the paranoid, Obama-is-destroying-America sentiment rife within Republican ranks. You might even say that Romney has drunk the Tea Party tea.

David Corn is Mother Jones' Washington bureau chief. For more of his stories, click here.

 


Mitt Romney's 'Jobs Record' Is A Sham

June 02, 2011 9:02 am ET

Mitt Romney is attempting to establish himself as the Republican presidential candidate with the most credibility on job creation, but the former Massachusetts governor may have trouble defending his record. During Romney's tenure as governor, Massachusetts' job growth was bested by every state in the nation except three, including Hurricane Katrina-devastated Louisiana. As CEO of Bain Capital, Romney profited as five of the companies under his firm's direction went bankrupt, and thousands of workers lost their jobs. One particularly brutal round of firings came back to haunt Romney during his failed 1994 Senate campaign, when laid-off workers protested his candidacy.

As Governor, Romney Oversaw Dismal Job Growth In Massachusetts

Huffington Post: As Governor, "Romney Presided Over One Of The Puniest Rates Of Growth Among The 50 U.S. States." According to the Huffington Post: "[A]s Massachusetts governor from January 2003 to January 2007, Romney presided over one of the puniest rates of employment growth among the 50 U.S. states, at a time the nation's economy was booming." [Huffington Post, 5/31/11]

After First Year With Romney As Governor, Massachusetts Ranked "Dead Last" In Jobs Growth. According to MarketWatch: "How was Romney's performance by his first anniversary? Fiftieth out of fifty. That's right. In Romney's first year in charge, Massachusetts ranked dead last in America in jobs growth." [MarketWatch, 2/23/11]

By The End Of Romney's Term, Massachusetts Still Ranked "Fourth From Last" In Jobs Growth. According to MarketWatch:

The Republican contender was the governor of Massachusetts from January 2003 to January 2007. And during that time, according to the U.S. Labor Department, the state ranked 47th in the entire country in jobs growth. Fourth from last.

The only ones that did worse? Ohio, Michigan and Louisiana. In other words, two rustbelt states and another that lost its biggest city to a hurricane.

The Massachusetts jobs growth over that period, a pitiful 0.9%, badly lagged other high-skill, high-wage, knowledge economy states like New York (2.7%), California (4.7%) and North Carolina (7.6%).

The national average: More than 5%. [MarketWatch, 2/23/11, emphasis added]

"On All Key Labor Market Measures," Massachusetts "Lagged Behind The Country." According to a Boston Globe op-ed by economic researchers at Northeastern University's Center for Market Studies: "On all key labor market measures, the state not only lagged behind the country as a whole, but often ranked at or near the bottom of the state distribution. Formal payroll employment in the state in 2006 was still 16,000 or 0.5 percent below its average level in 2002, the year immediately prior to the start of the Romney administration. Massachusetts ranked third lowest on this key job generation measure and would have ranked second lowest if Hurricane Katrina had not devastated the Louisiana economy. Manufacturing payroll employment throughout the nation declined by nearly 1.1 million or 7 percent between 2002 and 2006, but in Massachusetts it declined by more than 14 percent, the third worst record in the country." [Center for Market Studies op-ed, Boston Globe7/29/07]

Romney Approved Raises For State Government Management That Increased Risk Of Worker Layoffs. According to the Boston Globe: "Governor Mitt Romney has quietly approved a pay increase for 2,700 managers across state government, a move that may trigger more layoffs of lower-level workers as the state copes with its bleakest budget in more than a decade. In a confidential memo obtained by the Globe, Romney's human resources chief, Ruth N. Bramson, wrote that the governor granted a 2 percent across-the-board pay raise to managers in part because rank-and-file workers are gaining ground on their bosses through union-negotiated raises. The pay increase for managers, which is retroactive to the beginning of this month, is coming on top of 2.7 percent cost-of-living increases that managers received July 1. About 2,700 managers across the state's executive branch are receiving the additional pay raise, with the cost estimated to approach $3.5 million." [Boston Globe, 7/31/03]

As CEO, Romney Profited While Thousands Of Workers Were Laid Off And Five Of His Companies Went Bankrupt

Romney Was CEO Of Bain Capital. From the Boston Globe:

Throughout his 15-year career at Bain Capital, which bought, sold, and merged dozens of companies, Romney had other chances to fight to save jobs, but didn't. His ultimate responsibility was to make money for Bain's investors, former partners said.

Much as he did when running for Massachusetts governor, Romney is now touting his business credentials as he campaigns for president, asserting that he helped create thousands of jobs as CEO of Bain. [Boston Globe, 1/27/08]

Companies Acquired By Romney's Firm Cut Thousands Of Jobs, And Several Ended Up In Bankruptcy. According to Politico:

  • In 1992, the firm acquired American Pad & Paper. By 1999, the year Romney left Bain, two American plants were closed, 385 jobs had been cut and the company was $392 million in debt.

The next year, Ampad was forced into bankruptcy.

  • Bain Capital and Goldman Sachs bought Dade International for about $450 million in 1994.

The firm quickly fired or relocated at least 900 workers. Over the next several years, it sunk increasingly into debt and laid off 1,000 workers.

In 2002 - after Romney had left Bain - it filed for Chapter 11 bankruptcy protection.

  • A 1997 buyout ofLIVE Entertainment for $150 million resulted in 40 layoffs, roughly one in four of the company's 166 workers.

The job cuts affected all aspects of the company, from production and acquisition to legal and public relations.

  • In 1997, Bain bought a stake in DDI Corp., a maker of electronic circuit boards.

Three years later, Bain took the company public and collected a $36 million payout.

But by August 2003, the company filed for bankruptcy protection, laying off more than 2,100 workers.

Four months after the bankruptcy, unhappy shareholders sued company executives, the initial public offering underwriters and Bain for mismanaging the IPO and failing to disclose company financial information. (Romney was not named in the suit.) [Politico, 1/18/08]

Romney "Made Fortunes By Bankrupting Five Profitable Businesses." According to the New York Post:

Romney said:

He was not involved in decisions to take distributions from two Bain Capital businesses that later failed. New York Times, June 3, 2007

"People in America want to know who can get 15 million people back to work."

Romney did:

Owned a controlling interest in Bain Capital when it took payments from five companies that later failed.

Made fortunes by bankrupting five profitable businesses that ended up firing thousands of workers. [New York Post, 2/20/11, emphasis original]

  • Five Businesses Under Bain Made Huge Profits But Eventually Went Bankrupt. According to Think Progress: "22 percent of the money Bain Capital raised from 1987 to 1995 was invested in five businesses - Stage Stores, American Pad & Paper, GS Indusries, Dade, and Details. These five made Bain $578 million in profit, even as all five eventually went bankrupt." [Think Progress, 4/12/11]

Former Romney Colleague: "They're Whitewashing His Career Now. ... We Had A Scheme Where The Rich Got Richer." According to the Los Angeles Times:

During Romney's tenure at Bain Capital, outside experts say, most of the companies he and his colleagues helped manage ended up stronger and more profitable. Although exact figures are impossible to obtain, more companies clearly added jobs than cut them.

Some of Romney's colleagues recall him as vain, however, and focused only on the bottom line. They saw him as impatient and unconcerned about those affected by his decisions.

"They're whitewashing his career now," said Marc B. Wolpow, a former managing director at Bain Capital who opposes Romney's White House bid. "We had a scheme where the rich got richer. I did it, and I feel good about it. But I'm not planning to run for office." [Los Angeles Times, 12/16/07]

Boston Globe: Romney Had "Chances To Fight To Save Jobs, But Didn't." According to the Boston Globe: "Romney's decision to stay on the sidelines as his firm, Bain Capital, slashed jobs at the office supply manufacturer stands in marked contrast to his recent pledges to beleaguered auto workers in Michigan and textile workers in South Carolina to 'fight to save every job.' Throughout his 15-year career at Bain Capital, which bought, sold, and merged dozens of companies, Romney had other chances to fight to save jobs, but didn't. His ultimate responsibility was to make money for Bain's investors, former partners said." [Boston Globe, 1/27/08]

Boston Globe: "Romney's Tenure [At Bain] Indicates That Job Growth Was Not A Particular Priority." According to the Boston Globe:

Much as he did when running for Massachusetts governor, Romney is now touting his business credentials as he campaigns for president, asserting that he helped create thousands of jobs as CEO of Bain. But a review of Bain's investments during Romney's tenure indicates that job growth was not a particular priority. [...]

In many cases, such as Staples Inc., the Framingham retailer, and Steel Dynamics Inc., an Indiana steelmaker, the companies expanded and added thousands of jobs. In other cases, such as Ampad and GS Industries, another steelmaker, Bain-controlled companies shuttered plants, slashed hundreds of jobs, and landed in bankruptcy.

But in almost all cases Bain Capital made money. In fact, the firm earned substantially more from Ampad than Staples. Staples returned about $13 million on a $2 million investment; Ampad yielded more than $100 million on $5 million, according to reports to investors. [Boston Globe, 1/27/08]

Laid-Off Factory Workers Helped Bring Down Romney's 1994 Senate Campaign

Under Bain Management, Ampad Workers Were Fired, Benefits And Salaries Were Slashed, And Strikebreakers Were Hired. According to the Los Angeles Times:

Bain Capital had bought a controlling interest in a paper products company called Ampad for $5 million in 1992. Two years later, after Ampad bought a factory in Marion, Ind., the new management team dismissed about 200 workers, slashed salaries and benefits, and hired strikebreakers after the union called a walkout.

"We were just fired," Randy Johnson, a former worker and union officer at the Marion plant, recalled in a telephone interview. "They came in and said, 'You're all fired. If you want to work for us, here's an application.' We had insurance until the end of the week. That was it. It was brutal." [Los Angeles Times, 12/16/07]

Former Ampad Employees Protested Romney's Unsuccessful 1994 Senate Campaign. According to the Los Angeles Times:

In October 1994, [former Ampad worker Randy] Johnson and other striking workers drove to Massachusetts to protest Romney's Senate campaign. "We chased him everywhere," Johnson recalled. "He took good jobs with benefits, and created low-wage, part-time, no-benefit jobs. That's what he was creating with his investments."

At first, Romney tried to justify the Indiana layoffs as necessary in "the real world." He then sought to distance himself, arguing that he took a leave of absence from Bain Capital before Ampad bought the factory. The dispute proved potent, however, and Kennedy trounced him in the election. [Los Angeles Times, 12/16/07]

Ads Showing Unhappy Former Ampad Employees Were "The Back-Breaker" In Unsuccessful 1994 Senate Campaign.  According to the Huffington Post:

The back-breaker for Romney was a series of television ads produced by Bob Shrum (author of the book, due out shortly, No Excuses: Concessions of a Serial Campaigner). Charlie Baker, the Kennedy campaign's senior strategist that year, told The Huffington Post that the ads were designed "to get on the record all sides of Romney's business career" -- a hugely successful leveraged-buyout practice that Romney claimed had created jobs.

The Kennedy campaign discovered that Ampad, a company purchased by Romney's Bain Capital in 1992, had recently bought SCM, an office products company in Marion, Indiana. All 350 workers at the SCM plant were laid off, then offered their jobs back at reduced wages. They went on strike. The Kennedy campaign sent a crew to Marion to film the workers. A half dozen ads resulted from the interviews, most of them quoting workers denouncing Romney for lining his pockets at their expense. A women [sic] tells viewers: "I'd like to say to the people of Massachusetts, if you think it can't happen to you, think again, because we thought it couldn't happen here either." Romney nosedived in the polls. [Huffington Post, 5/30/07]

Romney On Ampad Layoffs: "Sometimes The Medicine Is A Little Bitter." According to the New York Times:

But leveraged buyouts often lead to layoffs, a business reality that has impinged on Mr. Romney's political hopes at least once before. In his 1994 campaign for the Senate, Mr. Romney's efforts to unseat Edward M. Kennedy were derailed in part because of accusations that Bain Capital had fired union workers at an Indiana company it controlled. Mr. Kennedy's campaign cut a series of commercials, focusing on laid-off workers, that cut to the quick. (Those ads are available on The Huffington Post.) Mr. Romney has said that he had nothing to do with the firings.

In an interview with The Times, Mr. Romney acknowledged that Bain Capital's acquisitions has sometimes led to layoffs, but that he could explain them to voters.

"Sometimes the medicine is a little bitter but it is necessary to save the life of the patient," he said. "My job was to try and make the enterprise successful, and in my view the best security a family can have is that the business they work for is strong." [New York Times, 6/4/07]


On Fox News Sunday, NPR's Mara Liasson claimed job creation is Mitt Romney's "brand," adding that "this is his issue ... and I think that that really helps him." But as governor of Massachusetts, "Romney presided over one of the puniest rates of employment growth among the 50 U.S. states, at a time the nation's economy was booming," according to Reuters.

 

Liasson Claims Job Creation Is Romney's "Brand"

Liasson On Romney: "Job creation is his brand." From the June 5 edition of Fox News Sunday:

LIASSON: This was a pretty good week for Mitt Romney to announce. Job creation is his brand. He's the turnaround artist. He can say that he's created jobs. Democrats will point out he also shed some when he took over these companies, but this is his --

JOHN PODESTA (Center for American Program CEO and president): Shipped them overseas.

LIASSON: Yeah, shipped them overseas. This is his issue and that's what this election is becoming about with a vengeance and I think that that really helps him. [Fox Broadcasting Co., Fox News Sunday, 6/5/11]

But Under Romney, Job Growth In Massachusetts Was Among Lowest In the Country

Reuters: "Romney Presided Over One Of The Puniest Rates Of Employment Growth ... At A Time When The Nation's Economy Was Booming." From an April 12 Reuters report:

Romney stressed his experience as head of private equity firm Bain Capital when he announced on Monday he was forming an exploratory committee on seeking the Republican 2012 nomination to challenge Obama, a Democrat.

He made a fortune wheeling and dealing in companies, some of which endured big job cuts as part of restructuring. Some ultimately went bankrupt.

[...]

[A]s Massachusetts governor from January 2003 to January 2007, Romney presided over one of the puniest rates of employment growth among the 50 U.S. states, at a time the nation's economy was booming.

Labor Department figures showed Massachusetts ranked 47th among the states in the rate of jobs growth in those four years -- ahead of only Ohio, Michigan and Louisiana. [Reuters, 4/12/11]

WSJ's Brett Arends: Mass. Job Growth "Badly Lagged Other High-Skill, High-Wage, Knowledge Economy States." According to a February 2010 MarketWatch article by Wall Street Journal columnist Brett Arends:

Romney, who may well be President Barack Obama's opponent in 2012, he had great time last week blaming the president for the current jobs shortage.

Speaking to the CPAC right-wing conference in Washington, D.C., Romney said that the dismal employment situation, a year after Obama took office, showed the president was a "failure" who was "going downhill faster than... Lindsey Vonn."

OK, let's take him at his word. Then what does that say about Romney?

The Republican contender was the governor of Massachusetts from January 2003 to January 2007. And during that time, according to the U.S. Labor Department, the state ranked 47th in the entire country in jobs growth. Fourth from last.

The only ones that did worse? Ohio, Michigan and Louisiana. In other words, two rustbelt states and another that lost its biggest city to a hurricane.

The Massachusetts jobs growth over that period, a pitiful 0.9%, badly lagged other high-skill, high-wage, knowledge economy states like New York (2.7%), California (4.7%) and North Carolina (7.6%).

The national average: More than 5%.

This was after four years. So far Obama has been in office for just one year. How was Romney's performance by his first anniversary?

Fiftieth out of fifty.

That's right. In Romney's first year in charge, Massachusetts ranked dead last in America in jobs growth. [MarketWatch, 2/23/11]

FactCheck.org: "Romney's job record provides little to boast about." In January 2008, FactCheck.org examined Romney's claim that Massachusetts gained jobs "every single month" when he was governor and concluded:

Payroll jobs in Massachusetts hit their low point in December 2003 at the end of Romney's first year in office. And the number of jobs declined in seven of the remaining 36 months of his term, as measured by total nonfarm employment, seasonally adjusted, which is the standard measure of payroll employment used by economists and journalists. The claim that jobs increased "every single month" is false.

Furthermore, Romney's job record provides little to boast about. By the end of his four years in office, Massachusetts had squeezed out a net gain in payroll jobs of just 1 percent, compared with job growth of 5.3 percent for the nation as a whole. [FactCheck.org, 1/11/08]

Economist Andrew Sum: Wages Also "Stagnated During Romney's Term." From a June 2008 Reuters report:

The former Massachusetts governor issued a statement on Sunday titled "creating jobs" that focuses on 57,600 jobs added to the Massachusetts economy during his single term as governor from 2003 to 2007.

But Northeastern University economist Andrew Sum, who has researched Romney's record, said the state lagged the U.S. average during that period in job creation, economic growth and wage increases.

"As a strict labor market economist looking at the record, Massachusetts did very poorly during the Romney years, he said. "On every measure you've got, the state was a substantial under-performer."

[...]

His supporters contend the state's job market was soft long before Romney's term, which ended in January last year, blaming a Democratic-controlled Legislature for the weakness. His spokesman, Kevin Madden, has asserted that Romney brought Massachusetts "back from the brink of financial disaster."

But Northeastern's Sum said that while jobs were created under Romney, the rate was the third-lowest in the nation after Hurricane Katrina-hit Louisiana and Michigan. At the same time, wages in the New England state stagnated during Romney's term.

The average weekly wage of Massachusetts workers, Sum said, rose by just a $1 between 2001 and 2006 after adjusting for inflation, while the state had the third-highest rate of population loss in the nation between July 2002 and July 2006.

Real output of goods and services -- a broad measure of economic performance -- grew 9 percent, below the 13 percent rate for the United States, he added. [Reuters, 1/20/08]

 


Mitt Romney Makes "Hang Obama" Comment And Tries To Clarify His Remarks (VIDEO)

Mitt Romney Hang Obama Gaffe
Excerpts from an article posted on huffingtonpost.com 04/30/11

Mitt Romney's staff is trying to do damage control after the presidential aspirant made controversial remarks in criticizing President Barack Obama during a stop in New Hampshire on Friday night.

Speaking at a dinner hosted by Americans for Prosperity, the former Massachusetts governor said, "Reagan came up with this great thing about the ‘misery index’ and he hung that around Jimmy Carter’s neck and that had a lot to do with Jimmy Carter losing." He added, "Well, we’re going to have to hang the ‘Obama Misery Index’ around his neck."

Romney went on to say, "I'll tell you, the fact that you've got people in this country really squeezed, with gasoline getting so expensive, with commodities getting so expensive, families are having a hard time making ends meet. So, we're going to have to talk about that, and housing foreclosures and bankruptcies and higher taxation. We're going to hang him, so to speak, metaphorically."

The Boston Globe reports:

Romney almost immediately caught himself, with the English major declaring "metaphorically" speaking, but the mix of nervous laughter with applause indicated at least some in the audience realized its potency.

On the heels of the potential presidential candidate raising eyebrows with the remarks, Romney spokeswoman Andrea Saul addressed the questionable choice of words. She told ABC News, "It is not what the governor meant and that was very clear in what he actually said." According to CNN, Romney's camp called initial reports on his remarks "a ridiculous exaggeration of his actual comments."

WATCH:

 

Mitt Romney Oversaw Dozens of Tax Hikes as Governor

Mitt Romney, Tim Pawlenty, Mike Huckabee, and other top Republican presidential contenders denounce Democrats as immoral tax hikers—but they oversaw dozens of tax hikes as governors facing deficits, writes Andrew Romano.

The GOP's most promising 2012 presidential contenders—Mitt Romney, Tim Pawlenty, Haley Barbour, Mitch Daniels, and Mike Huckabee—have a lot in common. They are all white. They are all middle-aged. They were all governors at one point. And despite a shared tendency to denounce Democrats as inveterate, immoral tax hikers, they all have the exact same skeleton in their closet: a rather inconvenient history of raising taxes themselves.

Surprised? It's no wonder. Until now, Romney & Co. have done a good job of hiding their tax-raising records from the rest of the Republican Party—with good reason. In a perfect world, according to GOP orthodoxy, taxes would always be lower than they are right now, no matter how low they currently happen to be. In 2009, for example, U.S. taxes shrank to their smallest share of personal income since 1950. Conservatives still complained. And in the unlikely instance that taxes cannot possibly be reduced any further—like, say, when revenue plummets to a record-low 14.9 percent of GDP, which is where they are today—right-thinking Republicans are required to do the next best thing: Refuse, at all costs, to raise them.

The 2012 budget blueprint that Wisconsin Rep. Paul Ryan unveiled this month is only the latest example of the GOP's taxophobia. Ryan claims the purpose of the proposal is to eradicate the national debt. But his "Path to Prosperity" puts America an extra $4 trillion in the hole before it even attempts to accomplish this worthy goal. How? By slashing taxes for the wealthiest Americans—forever. As a result, the rest of Ryan's cuts—to Medicare, Medicaid, food stamps, the FBI, highways, environmental protection, the Coast Guard, and so on—are trillions of dollars larger than they'd otherwise have to be. The message is clear, if contradictory: For Republicans, the only thing more important than reducing the deficit is increasing it—via massive tax cuts.

Which is why it's so curious that all the party's would-be standard-bearers did precisely the opposite when they were actually tasked with balancing a budget. Some, like Daniels, raised taxes in a relatively straightforward manner. When the former Office of Management and Budget director took control of Indiana in 2005, the state was $200 million in the hole. Digging out was his first priority—and one of his first proposals was a sizable tax hike on all individuals and entities earning over $100,000. The legislature blocked the plan, but Daniels eventually passed a handful of new taxes: one on liquor, one on rental cars, and one that increased the state sales tax from 6 percent to 7 percent. Indiana soon had a $1.3 billion surplus.

For Republicans, the only thing more important than reducing the deficit is increasing it—via massive tax cuts.

Article - Romano Republican Taxes AP Photo

When it comes to fiscal discipline, Daniels doesn't think tax hikes should be the first option, or even the second or third. But he does believe that they should always be an option. When I asked the governor last summer how he'd tackle the national debt as president, for example, he admitted that "at some stage there could well be a tax increase." A few months later, he confessed that he would consider both a European-style value added tax (VAT) and a tariff on imported oil as potential sources of government revenue. "They say we can't have grownup conversations anymore," he told me. "I think we can."

Daniels' openness is admirable. But he's pretty much the only Republican contender who's willing to own up to the fact that he raised taxes. During Mike Huckabee's time as governor of Arkansas, for instance, he transformed a $200 million budget shortfall into an $844 million surplus. One of the ways he accomplished that nifty feat was with targeted tax hikes: a 3 percent income-tax surcharge on individuals and corporations; three separate hikes on the state sales tax; several new tax increases on cigarettes, tobacco, and related permits; a 3 percent tax on beer; a 4 percent tax on mixed drinks; a 3- to 4-cent tax per gallon of gas; and a $6 increase to the driver's-license fee.

But when Huckabee ran for president in 2008, he insisted that he had cut taxes more than he raised them; he suggested that the legislature or the state Supreme Court had forced his hand; and he swore that he hadn't actually signed some of the tax increases he was accused of signing. In truth, Huckabee's tax increases outweighed his tax cuts by nearly $500 million. He once begged the legislature for every imaginable kind of tax hike—without any coercion. And he did, in fact, affix his Hancock to the tax increases in question. Huck had good reason to squirm, in other words—at least during primary season

Romney was just as slippery. On the surface, the former Massachusetts governor's fiscal record looks a lot like Huckabee's: He inherited a $650 million shortfall (with a $3 billion projected deficit), then turned it into a $600 to $700 million surplus by the time he left office. To do so, Romney also made a concerted effort to increase tax revenue, in part by raising fees by a grand total of $432 million on marriage licenses, driver's license renewals, gun permits, community-college tuitions, deed registrations, Children's Medical Security Program co-pays and premiums, probation services, deliveries of petroleum products, bottle deposits, mortgage-broker licenses, and civil-service exams, and in part by closing $309 million in corporate tax loopholes. (He also raised the sales tax on used cars.)

The big difference between Romney and Huckabee is that Huckabee tried to rewrite his tax history. Romney didn't. He simply claimed, in vintage Mitt Romney fashion, that none of his revenue-increasing proposals actually counted as tax hikes. "We faced a huge budget gap, but I recognize that raising taxes could lead to a slowdown in our economy," he said in 2007. "So we didn't do it." Unfortunately, Massachusetts's largest business lobbying group "respectfully disagreed" with Romney's assessment. "These certainly were tax increases and a new source of revenue for the commonwealth," said Brian Gilmore, executive vice president of Associated Industries of Massachusetts. "His indicating that he balanced a budget without raising taxes is misleading at best."

Although neither has yet had to defend his résumé on the national stage, Pawlenty and Barbour are likely to follow a similar path in 2012. Appearing at the Conservative Political Action Conference in February, Pawlenty told his fellow Republicans that "the naysayers say ‘we can't cut spending; we can't prioritize; we have to raise taxes.' I drew a line in the sand and said, ‘Absolutely not. We're going to live within our means just like families, just like businesses, just like everybody else.'" He delivered a similar message at a pair of Tea Party Tax Day rallies last week. The problem, sadly, is that state and local taxes increased for 90 percent of Minnesotans on Pawlenty's watch, according to local observers. Some of those increases, like a $200 million tax hike on cigarette consumers in 2005, a $109 million corporate tax hike in 2008, and various fee hikes on parking tickets, marriage licenses, building permits, court cases, and college tuition, were backed or allowed by Pawlenty. Others, like a $2.7 billion (or 53.8 percent) increase in property taxes from 2003 to 2008, stemmed from the governor's policies. "In constant 2010 dollars, state aid to local governments has fallen by $2.6 billion since 2002," writes Minnesota policy analyst Jeff Van Wychen. "In response, local governments have increased property taxes." (Daniels and Romney also shifted the tax burden from state to local government by slashing aid.)

Barbour, meanwhile, is starting to sound a lot like Huckabee, his former neighbor to the northwest. In a speech last month to the Chicagoland Chamber of Commerce, the Mississippi governor accused Obama of "call(ing) for record tax increases" and claimed that his own record—filling a $720 million budget deficit in two years without raising taxes—represented a counterpoint to Obama's failures. But although Barbour's accomplishments are admirable—they came at a time when post-Katrina federal aid had dwindled and recession-era unemployment was hovering near 20 percent in some parts of Mississippi—it's simply wrong to suggest that they didn't involve tax hikes. As the libertarian Cato Institute noted in 2010 when it awarded Barbour a "C" for his tax policies, the governor reinstated a hospital-bed tax in 2008 to help fund Medicaid and approved a 50-cent cigarette tax the following year.

The math is simple. Five potential Republican presidential nominees. Dozens of tax hikes. The point here, however, is not to play "gotcha," although it will be worthwhile to keep these numbers in mind when Romney & Co. inevitably begin to attack Obama on taxes. (For the record, Obama's tax record is mixed as well: According to Politifact, the president "raised taxes on cigarettes and indoor tanning, and the health-care law includes a tax penalty on the uninsured... [and] new taxes on the wealthy," but he also lightened the tax burden for more than 80 percent of Americans by changing withholding rates and reducing payroll taxes by 2 percent.

The point isn't even that Romney, Barbour, Daniels, Pawlenty, and Huckabee have done something wrong. In fact, quite the opposite. In the months ahead, as the great deficit debate takes shape and the 2012 campaign begins in earnest, voters should remember the reality of Republicans and taxes: that even the politicians now vying to lead the most taxophobic party in U.S. history decided to implement tax hikes when they actually had to balance a budget. It's some of the strongest evidence yet that we can't afford to take any budget-balancing options off the table—even if the people who provided it would like to pretend otherwise.


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