Pawlenty: Why are Republicans attacking capitalism?

posted at 6:20 pm on January 9, 2012 by Ed Morrissey

That’s a good question, especially since it turns out that one of them has financial ties to the very same leveraged-buyout industry he’s currently demonizing. Tim Pawlenty visited Radio Row at the Manchester Radisson and sat down with me for a few minutes to discuss the criticisms of Mitt Romney’s Bain Capital experience by Newt Gingrich, Jon Huntsman, and Rick Perry. Pawlenty, who endorsed Romney in August and is campaigning in New Hampshire this week for him, couldn’t quite believe that these remarks are coming from Republican candidates. Pawlenty is “really disappointed” that the Republican contenders are making “Democratic arguments” and using “class warfare,” and says the argument isn’t accurate anyway, since Bain actually created many more net jobs than were lost.

Pawlenty is the one who tipped me to this story, reported by both Fortune and the New York Times, which showed that Gingrich both investing in and worked on an advisory board for Forstmann Little — a competitor of Bain in the leveraged-buyout industry.  Here’s Fortune:

Upon leaving Congress in 1999, the former Speaker joined private equity firm Forstmann Little & Co. as a member of its advisory board.

It is unclear how long Gingrich served on the advisory board, or how much he was paid. The campaign has not yet responded to a request for comment.

Forstmann Little was one of the world’s original leveraged buyout firms, although its founder — the late Teddy Forsmann — often railed against what he saw as over-leveraging by rival firms (presumably including Bain). It effectively began winding down operations in 2005, following a legal dispute with the State of Connecticut over failed investments in a pair of large communications companies. Forstmann Little lost the case at trial, but wasn’t required to pay any significant restitution (both deals were done within two years of Gingrich being named to the advisory board).

During Saturday night’s GOP primary debate in New Hampshire, Gingrich said: ”I’m not nearly as enamored of a Wall Street model where you can flip companies, you can go in and have leveraged buyouts, you can basically take out all the money, leaving behind the workers.”

And here’s the NYT, which Gingrich cited as an authority during this weekend’s debates:

But Mr. Gingrich was himself on an advisory board for a major investment firm that had a similar business model, Forstmann Little, a pioneering private equity firm co-founded in 1978 by Theodore J. Forstmann that was, along with Mr. Romney’s Bain Capital and Henry R. Kravis’s Kohlberg Kravis & Roberts, among the leading private equity firms during the 1980s and 1990s.

Forstmann Little earned billions of dollars in profits from its investments in companies including General Instrument and Gulfstream Aerospace. But the firm shut down most of its operations a decade ago after suffering losses from ill-timed bets on highflying telecommunications companies at the height of that industry’s bubble.

Mr. Gingrich’s involvement with the firm could complicate his attacks on Mr. Romney. …

Mr. Gingrich would attend twice-a-year Forstmann Little advisory board meetings in Manhattan, which were held typically at the Four Seasons restaurant or at the ’21’ Club. The partners discussed potential investment with Mr. Gingrich, particularly those in the health-care industry.

Over time, Mr. Gingrich made investments in Forstmann Little portfolio companies.

So was Forstmann Little employing Gingrich as a historian?

At least one Republican candidate managed to remain a champion of the free enterprise system, as Michelle Malkin — no fan of Mitt Romney — pointed out:

Leaving the frozen event, Santorum also declined to take a shot at Romney over a remark earlier from the front-runner that he “likes to fire” workers who are not doing a good job.

“We try to hire good people, we try to keep them employed. If someone if obviously not performing their duty and their mission, obviously a business has a responsibility for the greater good of the business and the other employees to make sure that everybody there is pulling their weight,” Santorum said.

Asked whether Romney’s corporate takeover experience at Bain Capital would be a liability, Santorum said: “I’m not making it a liability. I believe in the private sector.”

Yeah, I remember when most Republicans used to believe in it, too.  The irony in this is that the super-PAC backing Gingrich will use $5 million from Las Vegas casino owner Sheldon Adelson — who, by the way, is a good conservative and stalwart defender of right to work laws — to blast Romney for, essentially, betting on struggling companies — and having a better than 3-1 record in rescuing them.


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Agreed. Bain Capital is one of the only good things about Romney, in my view.

limitedgovt on January 9, 2012 at 6:21 PM

T-Paw/Jindal 2012!

itsnotaboutme on January 9, 2012 at 6:21 PM

Because Republican != conservative

thirtyandseven on January 9, 2012 at 6:23 PM

They’re attacking Capitalism because they’re not (actually, not really) among the Right.

Thus, the mystery of the Middle who claim to be “Not Democrats” but who are by perspectives and wants.

Lourdes on January 9, 2012 at 6:24 PM

I don’t ever want to hear that Perry or Gingrich are “more conservative than Romney.” If they’d stoop to this crap, they deserve to lose.

This is an attack on capitalism, pure and simple.

KingGold on January 9, 2012 at 6:24 PM

Newt sucks.

andy85719 on January 9, 2012 at 6:24 PM

Yeah, I remember when most Republicans used to believe in it, too.

Politics aint beanbag Ed, Bain is a loser in the general election. We all know that Romney wont be able to explain what venture capitalism is in 30 second soundbites to uninformed independents. That and I dont care what Pawlenty says. Didnt see so much butthurt over Romney killing our chances to reform entitlements. Turnabout is fair play.

Flapjackmaka on January 9, 2012 at 6:26 PM

And Unionism runs deep for generations among most today who “attack Capitalism.” It’s a model for survival that is anti-Capitalism if not anti-private property when it’s scrutinized closely.

Looks and sounds from the outside like a bunch of people supporting one another but at it’s essence, it’s about attacking private property. Capitalism relies on private property, the rights of the individual to own, operate with and profit from private property — something unions are the antithesis of.

Lourdes on January 9, 2012 at 6:26 PM

Bain Capital is one of the only good things about Romney, in my view.

limitedgovt on January 9, 2012 at 6:21 PM

Agree. Perry gets a pass for this because Mitt attacked him from the left on SSI (though it would be better if he just rose above). However, all others should be ashamed.

Kataklysmic on January 9, 2012 at 6:27 PM

I don’t ever want to hear that Perry or Gingrich are “more conservative than Romney.” If they’d stoop to this crap, they deserve to lose.

This is an attack on capitalism, pure and simple.

KingGold on January 9, 2012 at 6:24 PM

Yeah, agreed.

Lourdes on January 9, 2012 at 6:27 PM

If you’re going to make your money by buying out companies that teeter on viability, then fire all the workers and sell the assets, don’t be surprised when people hate your guts.

Stoic Patriot on January 9, 2012 at 6:28 PM

Because the current crop of losers in the GOP field of candidates are more interested in politics than leadership, they want the Big Seat almost as badly as PBHO wants to keep it.

I’m voting Lizard Man, the rest of these yahoos can shove it.

Bishop on January 9, 2012 at 6:28 PM

itsnotaboutme on January 9, 2012 at 6:21 PM

Jindal/T-Paw 2012!

Gingotts on January 9, 2012 at 6:28 PM

Why isn’t anyone attacking Obowma…?

Seven Percent Solution on January 9, 2012 at 6:28 PM

although its founder — the late Teddy Forsmann — often railed against what he saw as over-leveraging by rival firms (presumably including Bain).

Is this guy a FDR-lovin’ socialist anti-capitalist or one of the good guys? What side are we on? Where is Mitt Romney on this? I need to be where Mitt is on this one.

Romney 2012

Punchenko on January 9, 2012 at 6:29 PM

i couldn’t be bothered to read what Pawlenty said but the point is pretty simple – these GOP idiots have to stop acting like leftists. We have to put up with that stuff enough from the Republicans who call us “heartless” and “racist” over the defense of American sovereignty. We don’t need a GOP field piling on as if they were junior marxists in their sophmore year. It’s embarrassing to watch.

ThePrimordialOrderedPair on January 9, 2012 at 6:29 PM

Apparently elections can turn some of us capitalists into socialists if it helps our candidate.

cd98 on January 9, 2012 at 6:29 PM

I remember when most Republicans used to believe in it, too. The irony in this is that the super-PAC backing Gingrich will use $5 million from Las Vegas casino owner Sheldon Adelson — who, by the way, is a good conservative and stalwart defender of right to work laws — to blast Romney for, essentially, betting on struggling companies — and having a better than 3-1 record in rescuing them.

So is this an Adelson (and likely, Trump) thing about wanting to ensure gambling? Adelson’s participation in this destructiveness is bizarre, as is Gingrich’s (and Perry’s). I don’t get it, except that, perhaps, they’re attempting to walk the In-Between Line there with unions.

Lourdes on January 9, 2012 at 6:30 PM

What an embarrassing day for the GOP. No, wait, shameful is more like it.

John the Libertarian on January 9, 2012 at 6:30 PM

Bain was created to make money. If that meant breaking up the company, so be it…

Please visit Romney’s new website:

http://www.IWantedToBeACareerPolitician.com

redguy on January 9, 2012 at 6:30 PM

Gingrich both investing in and worked on an advisory board for Forstmann Little — a competitor of Bain in the leveraged-buyout industry

Tee hee :-)

MJBrutus on January 9, 2012 at 6:31 PM

I remember when most Republicans used to believe in it, too. The irony in this is that the super-PAC backing Gingrich will use $5 million from Las Vegas casino owner Sheldon Adelson — who, by the way, is a good conservative and stalwart defender of right to work laws — to blast Romney for, essentially, betting on struggling companies — and having a better than 3-1 record in rescuing them.

So is this an Adelson (and likely, Trump) thing about wanting to ensure g@mbling? Adelson’s participation in this destructiveness is bizarre, as is Gingrich’s (and Perry’s). I don’t get it, except that, perhaps, they’re attempting to walk the In-Between Line there with unions.

Teamsters at work there?

Lourdes on January 9, 2012 at 6:31 PM

Why isn’t anyone attacking Obowma…?

Seven Percent Solution on January 9, 2012 at 6:28 PM

For the same reason that none of them are making it clear that repealing ObamaCare will be their first priority in office (except for Bachmann, of course, but she was already taken apart by ostensible conservatives acting like whiny leftist stooges).

Most of them just don’t seem to understand what the situation really is.

ThePrimordialOrderedPair on January 9, 2012 at 6:31 PM

False equivalence. Comparing Bain Capital and Forstmann Little is like comparing McDonald’s Corp to a sidewalk hotdog vendor.

And, yeah, being the founding Chief Executive Officer of a PE firm is just like being on a PE firm’s advisory board to a that meets twice-a-year.

Romney would be better served by actually coming up with a legitimate answer to why he permitted Bain to over-leverage its corporate properties for no sound business reason, other than to kickback unearned dividends to its investors, rather than shamelessly deflecting.

Robert_Paulson on January 9, 2012 at 6:31 PM

The hysteria is driving Republicans to eat their own. Making capitalism the enemy is something the Dems would do.

Gingrich is a ruthless opportunist who will do and say whatever it takes to get what he wants.

NickDeringer on January 9, 2012 at 6:31 PM

http://youtu.be/Y_zTN4BXvYI

Let’s stop lamenting the loss of civility. These are the big leagues. Mud will get thrown.

Hostile Gospel on January 9, 2012 at 6:31 PM

So, Gingrich is a hypocrite. I’m shocked I tell you, shocked!

tbrickert on January 9, 2012 at 6:32 PM

Another liberal ex-gov of a deep blue state lectures people on capitalism. Yawn.

angryed on January 9, 2012 at 6:32 PM

Bain Capital is one of the only good things about Romney, in my view.

limitedgovt on January 9, 2012 at 6:21 PM

Yep.

ThePrimordialOrderedPair on January 9, 2012 at 6:33 PM

Clearly newt is in the wrong here, but Romney haters won’t admit it.

andy85719 on January 9, 2012 at 6:33 PM

Robert_Paulson on January 9, 2012 at 6:31 PM

No, it shows Gingrich is for sale to the highest bidder. He has no principles which is why he lost a double digit lead in all the polls.

Gingrich the Snow Man is melting.

NickDeringer on January 9, 2012 at 6:33 PM

Gingrich is a ruthless opportunist who will do and say whatever it takes to get what he wants.

NickDeringer on January 9, 2012 at 6:31 PM

I agree that Gingrich is looking more and more like a Big Stinker. Really, a Big Stinker.

Lourdes on January 9, 2012 at 6:34 PM

I’ve never been overly impressed with the field and it diminishes daily.

Cindy Munford on January 9, 2012 at 6:34 PM

i dont remenber well but i think only paul and santorum did not attacked romney over bain.

any way, t-paw is merely defending his endorsment, if he was still running, he would pile on together with newt, mao huntsman and perry.

nathor on January 9, 2012 at 6:34 PM

Amen, Pawlenty.

beatcanvas on January 9, 2012 at 6:34 PM

Oh please. Romney attacking Newt through superpac based ads, no biggie, everybody does it, Newt please grow up. IF Newt attacks Mittens, oh no, he is attacking capitalism, this is immoral, unethical, blah blah blah. I am sick and tired of double standards in favor Romney. Just coronate him and do with it already.

promachus on January 9, 2012 at 6:35 PM

I don’t ever want to hear that Perry or Gingrich are “more conservative than Romney.” If they’d stoop to this crap, they deserve to lose.

This is an attack on capitalism, pure and simple.

KingGold on January 9, 2012 at 6:24 PM

Remember one thing, Gingrich is conservative because __________ commentator on HA said so, and the commentator who said so is a true conservative because, well…. he/she doesn’t support Romney,

When the logic is that by not supporting Romney you are conservative, then its no surprise that this crap can happen in our party,

To me this is when Rush gets exposed, he spent as little time as possible on this subject, But he spent a whole hour on the Romney will work with democrats statement,

Savege is supposed to be the crazy one, But he is the only one who thinks that Newt is an Obama plant LOLOLOL

OrthodoxJew on January 9, 2012 at 6:35 PM

So, Gingrich is a hypocrite. I’m shocked I tell you, shocked!

tbrickert on January 9, 2012 at 6:32 PM

me too, how can the nice history professor do such thing? must be some misunderstanding.

nathor on January 9, 2012 at 6:36 PM

Romney would be better served by actually coming up with a legitimate answer to why he permitted Bain to over-leverage its corporate properties for no sound business reason, other than to kickback unearned dividends to its investors, rather than shamelessly deflecting.

Robert_Paulson on January 9, 2012 at 6:31 PM

Yes, and his attackers would be better served by using a line of attack that doesn’t use chapter-and-verse quotations from the Occupy playbook.

Class warfare is all the more heinous when it’s deployed by Republicans, and it’s intriguing to find out just how many “conservative” True Conservatives are agreeing with it.

KingGold on January 9, 2012 at 6:36 PM

Capitalism in the sense that what Mitt did was considered capitalism or a manipulation of the flaws in the irs code and the various balance sheet structures of different companies?

when I think of capitalism – i think of making a product – getting that product to market – competing within that market and striving to make the best, cheapest, valued product to the consumer.

Consumer demand which is capitalism, didnt drive Bain, clever presentations, club room get togethers, followed by clever board room presentations by long dissassociated executives far removed from the original entity was what happened here.

firms like Bain in the 50′s and 60′s used to entertain ideas from people like Sam Walton, Bill Gates, and invested in ideas and building companies – Bain didnt do anything like that.

EricPWJohnson on January 9, 2012 at 6:36 PM

“Politics aint beanbag Ed, Bain Obama is a loser in the general election.”
Flapjackmaka on January 9, 2012 at 6:26 PM

There. Fixed it! :)

MadisonianRombot on January 9, 2012 at 6:37 PM

Oh please. Romney attacking Newt through superpac based ads, no biggie, everybody does it, Newt please grow up. IF Newt attacks Mittens, oh no, he is attacking capitalism, this is immoral, unethical, blah blah blah. I am sick and tired of double standards in favor Romney. Just coronate him and do with it already.

promachus on January 9, 2012 at 6:35 PM

TRUTH!

idesign on January 9, 2012 at 6:38 PM

Oh boy, after Romney’s super pac spends millions trashing Newt with false attack ads the Romneybots cry like old women when Newt hits back. Hey Myth, if you can’t stand the heat get off the corporate pirate ship.

tommyboy on January 9, 2012 at 6:38 PM

Another liberal ex-gov of a deep blue state lectures people on capitalism. Yawn.

angryed on January 9, 2012 at 6:32 PM

Have you seen the comments Pawlenty is responding to? That a “liberal ex-gov of a deep blue state” is getting it right in the face of Republicans candidates and their supporters who have taken to class warfare out of political convenience.

alchemist19 on January 9, 2012 at 6:38 PM

False equivalence. Comparing Bain Capital and Forstmann Little is like comparing McDonald’s Corp to a sidewalk hotdog vendor.

And, yeah, being the founding Chief Executive Officer of a PE firm is just like being on a PE firm’s advisory board to a that meets twice-a-year.

Romney would be better served by actually coming up with a legitimate answer to why he permitted Bain to over-leverage its corporate properties for no sound business reason, other than to kickback unearned dividends to its investors, rather than shamelessly deflecting.

Robert_Paulson on January 9, 2012 at 6:31 PM

Stop being an anti-capitalist, dude. Get on the Mitt Train before you make Rich Lowry soil his diaper and whine.

Romney 2012

Punchenko on January 9, 2012 at 6:38 PM

The hysteria is driving Republicans to eat their own. Making capitalism the enemy is something the Dems would do.

Gingrich is a ruthless opportunist who will do and say whatever it takes to get what he wants.

NickDeringer on January 9, 2012 at 6:31 PM

or its just a personal revenge

nathor on January 9, 2012 at 6:38 PM

Ed, you’re an opinion-maker not an opinion-follower. I can’t tell you how much I respect you and how proud I am tonight to be a long-time HotAir reader. Thank you for not getting caught up in the anti-Romney fervor. Thank you for standing up for capitalism.

Ala Pundit on January 9, 2012 at 6:38 PM

That and I dont care what Pawlenty says. Didnt see so much butthurt over Romney killing our chances to reform entitlements. Turnabout is fair play.

Flapjackmaka on January 9, 2012 at 6:26 PM

Thats it. where was this angst when Romney was using leftist talking points to kill off sentitlement reform?

promachus on January 9, 2012 at 6:38 PM

Man Romney people have think skins. God forbid anyone should dare attack Mittens on the campaign trail. The Romney Super PAC carpet bombs the airwaves with negative attack ads. But if anyone fights back they’re liberal communist OWS organizers.

Is this how you people will react when the Obama/Soros ads start flying at your boy? Cry about how unfair it is?

angryed on January 9, 2012 at 6:38 PM

promachus on January 9, 2012 at 6:35 PM

Will you like Obama better when he’s parroting Newt’s same anti-capitalist talking points in the general against Romney? Honest question.

The Count on January 9, 2012 at 6:38 PM

Like many have said before no Newt is good newt…He is a nasty vindictive little man and I don’t back Romney, but enough is enough… Go after Obama

sandee on January 9, 2012 at 6:39 PM

Robert_Paulson on January 9, 2012 at 6:31 PM

Yes, and his (Romney’s) attackers would be better served by using a line of attack that doesn’t use chapter-and-verse quotations from the Occupy playbook.

Class warfare is all the more heinous when it’s deployed by Republicans, and it’s intriguing to find out just how many “conservative” True Conservatives are agreeing with it.

KingGold on January 9, 2012 at 6:36 PM

Once again, I agree with you, KingGold. It’s pathetic to hear the current attacks on Bain and Romney today from Gingrich, Perry.

Romney’s focused on issues and attacking the Obama Administration, the rest are off chewing on the legs of Capitalism and using Romney to do it.

You’re right to identify this as class-warfare by the ALLEGED voices on the Right.

Lourdes on January 9, 2012 at 6:39 PM

angryed on January 9, 2012 at 6:38 PM

Just vote for Obama, already. You’re 3/4 the way there.

The Count on January 9, 2012 at 6:40 PM

IF Newt attacks Mittens, oh no, he is attacking capitalism, this is immoral, unethical, blah blah blah. I am sick and tired of double standards in favor Romney. Just coronate him and do with it already.

promachus on January 9, 2012 at 6:35 PM

It’s not attacks on Mittens that are any problem – who the hell cares about attacks on him – but attacks on Bain and how the company did business that are just stupid and more representative of someone running for the dem primary.

ThePrimordialOrderedPair on January 9, 2012 at 6:40 PM

firms like Bain in the 50′s and 60′s used to entertain ideas from people like Sam Walton, Bill Gates, and invested in ideas and building companies – Bain didnt do anything like that.

EricPWJohnson on January 9, 2012 at 6:36 PM

Why don’t you go back to Kos/OWS where you belong, hippie?

/bot

angryed on January 9, 2012 at 6:40 PM

Oh please. Romney attacking Newt through superpac based ads, no biggie, everybody does it, Newt please grow up. IF Newt attacks Mittens, oh no, he is attacking capitalism, this is immoral, unethical, blah blah blah. I am sick and tired of double standards in favor Romney. Just coronate him and do with it already.

promachus on January 9, 2012 at 6:35 PM

Romney is being attacked by Republicans who are using the language of the left. Please link to the Romney SuperPAC ad where he does that to Gingrich.

alchemist19 on January 9, 2012 at 6:40 PM

Will you like Obama better when he’s parroting Newt’s same anti-capitalist talking points in the general against Romney? Honest question.
The Count on January 9, 2012 at 6:38 PM

Because we all know Obama was never going to touch this subject until Newt brought it up.

tommyboy on January 9, 2012 at 6:41 PM

Oh please. Romney attacking Newt through superpac based ads, no biggie, everybody does it, Newt please grow up. IF Newt attacks Mittens, oh no, he is attacking capitalism, this is immoral, unethical, blah blah blah. I am sick and tired of double standards in favor Romney. Just coronate him and do with it already.

promachus on January 9, 2012 at 6:35 PM

Only one problem. In this instance Newt is attacking capitalism and he is acting just like a leftist.

There is no double standard here. Newt blew it.

JannyMae on January 9, 2012 at 6:41 PM

Clearly newt is in the wrong here, but Romney haters won’t admit it.

andy85719 on January 9, 2012 at 6:33 PM

You are correct.

Case in point:

Another liberal ex-gov of a deep blue state lectures people on capitalism. Yawn.

angryed on January 9, 2012 at 6:32 PM

So now T-Paw is a “liberal,” huh?

cicerone on January 9, 2012 at 6:41 PM

angryed on January 9, 2012 at 6:38 PM

I just read on another post your comments about your awaited “happiness (when)” Romney loses the election. I guess that means you’re eager to re-elect Obama. If not that, then, what?

Lourdes on January 9, 2012 at 6:41 PM

Just vote for Obama, already. You’re 3/4 the way there.

The Count on January 9, 2012 at 6:40 PM

I’m actually 100% there if Romney is the alternative.

But answer the question. Is this how you will react when the Obama attacks start? Get Pawlenty or McLame or some other RINO to whine about how unfair politics can be?

angryed on January 9, 2012 at 6:42 PM

Capitalism in the sense that what Mitt did was considered capitalism or a manipulation of the flaws in the irs code and the various balance sheet structures of different companies?

when I think of capitalism – i think of making a product – getting that product to market – competing within that market and striving to make the best, cheapest, valued product to the consumer.

Consumer demand which is capitalism, didnt drive Bain, clever presentations, club room get togethers, followed by clever board room presentations by long dissassociated executives far removed from the original entity was what happened here.

firms like Bain in the 50′s and 60′s used to entertain ideas from people like Sam Walton, Bill Gates, and invested in ideas and building companies – Bain didnt do anything like that.

EricPWJohnson on January 9, 2012 at 6:36 PM

Stop being so anti-capitalist, dude.

Punchenko on January 9, 2012 at 6:42 PM

Why are Republicans attacking capitalism?

Good question. A pox on all their houses.

Just goes to show ya, career politicians and other career suckers of the public teat, don’t have a clue about how works the economy, markets, finance, and private enterprise. To allow them to design a stimulus package is like asking a fish to design a bicycle.

Plus they’re 95% corrupt.

petefrt on January 9, 2012 at 6:42 PM

I frankly see no problem with making ALREADY FAILING, INEFFICIENT companies into something better.

blatantblue on January 9, 2012 at 6:42 PM

am sick and tired of double standards in favor Romney. Just coronate him and do with it already.

promachus on January 9, 2012 at 6:35 PM

no! capitalist or not, romney is a fake and would govern as obama lite with little diference but having diferent masters paying him.
i want less goverment, to reduce the crony capitalism that is taking over america.
my hope is brokered convention.

nathor on January 9, 2012 at 6:43 PM

Ed, you’re an opinion-maker not an opinion-follower. I can’t tell you how much I respect you and how proud I am tonight to be a long-time HotAir reader. Thank you for not getting caught up in the anti-Romney fervor. Thank you for standing up for capitalism.

Ala Pundit on January 9, 2012 at 6:38 PM

DITTO.

Lourdes on January 9, 2012 at 6:43 PM

Pawlenty and the other Romney apologists are acting as if Newt is the only person in the world to know about Bain Capital and Romney.

NEWSFLASH PEOPLE: These ads will be run by Obama. If you can’t handle the spin now, you’re dead in July. If anything Gingrich is doing you a favor.

angryed on January 9, 2012 at 6:44 PM

To me this is when Rush gets exposed, he spent as little time as possible on this subject, But he spent a whole hour on the Romney will work with democrats statement,

OrthodoxJew on January 9, 2012 at 6:35 PM

Rush is really disappointing me right now. H claims not to take sides in primaries, but he bet strong on Not Romney and doubles down seemingly once a week. I’m beginning to think he really didn’t expect the “strong conservative” candidates to have such little strength and conservatism. So now he’s getting desperate.

I heard him today harping on Donna Brazile talking about the Democrats being anxious to defeat Romney. Proof, he says, that Romney’s our weakest guy. When Dem hacks say the exact same thing about everyone else? “They will tell you who they fear, folks.”

KingGold on January 9, 2012 at 6:44 PM

Tim Pawlenty is for fair trade. He has no room to talk. If conservatives were serious about Capitalism, they wouldn’t be constantly dumping on Ron Paul.

aryeung on January 9, 2012 at 6:45 PM

KingGold on January 9, 2012 at 6:44 PM

I am so with you on this.

sandee on January 9, 2012 at 6:45 PM

Well Ed, you just interviewed the guy who a) should still be in this race because b) he, not Mittens, would be the frontrunner right now, fresh off a victory in Iowa. Too bad T-Paw got such awful advice after Ames.

What could have been.

Publius 2.0 on January 9, 2012 at 6:45 PM

no! capitalist or not, romney is a fake and would govern as obama lite with little diference but having diferent masters paying him.
i want less goverment, to reduce the crony capitalism that is taking over america.
my hope is brokered convention.

nathor on January 9, 2012 at 6:43 PM

i know the field sucks, but vote for anyone else but romney! we are being tricked into conformity!

nathor on January 9, 2012 at 6:45 PM

enty and the other Romney apologists are acting as if Newt is the only person in the world to know about Bain Capital and Romney.

NEWSFLASH PEOPLE: These ads will be run by Obama. If you can’t handle the spin now, you’re dead in July. If anything Gingrich is doing you a favor.

angryed on January 9, 2012 at 6:44 PM

We expect it from a freakshow commie punk, not from a “conservative.”

blatantblue on January 9, 2012 at 6:46 PM

I frequently wonder how a disaster like Obama can still have 46% approval and now I see why…too many Repubs are ignorant about capitalsm…they think it has no human values so that even incompetent businessmen like Romney are hailed as successes even when they purposefully destroy capital merely to take a short term gain.

American free market capitalism is based on Judeo-Christian values of hard work, building, being constructive and being a good member of the community…even Adam Smith had these values… but now idiots like Pawlenty and others, like Romney, think capitalism is merel a financial transaction, like selling drugs on the street…all that matters is getting paid no matter how many people you destroy

Most of the people defending Romney would not know how to start and run a business if their life debpended on it….they think Mr. Potter from its a wonderful life is a role model, and yet some of these people call themselves social conservatives…..hypocrits and idiots

georgealbert on January 9, 2012 at 6:46 PM

After looking at this Romney/Bain Capital issue..T-Paw is right..
This is sad..I wish Team Perry had not joined in the pile on..:)

Dire Straits on January 9, 2012 at 6:46 PM

i know the field sucks, but vote for anyone else but romney! we are being tricked into conformity!

nathor on January 9, 2012 at 6:45 PM

‘Cause Santorum and Gingrich are the purest of the pure.

Put the absinthe down.

blatantblue on January 9, 2012 at 6:46 PM

How is it that Newt can trash Paul Ryan AND capitalism within the span of the last 8 months and still be regarded as a Tea Party Conservative? If Romney said either of those things he’d already be out of the race.

The Count on January 9, 2012 at 6:47 PM

To me this is when Rush gets exposed, he spent as little time as possible on this subject, But he spent a whole hour on the Romney will work with democrats statement,

OrthodoxJew on January 9, 2012 at 6:35 PM

Rush Limbaugh is an entertainer. People forget this. Yes he’s also a conservative. But he’s an entertainer first and foremost. And he knows that more people want to hear the latter than the former. More people = more listeners = more money for him.

I thought we’re supposed to celebrate capitalism.

angryed on January 9, 2012 at 6:47 PM

Oh, and at least we now see the true economic visions of Rick Perry and Jon Huntsman.

aryeung on January 9, 2012 at 6:47 PM

Because we all know Obama was never going to touch this subject until Newt brought it up.

tommyboy on January 9, 2012 at 6:41 PM

That’s not the point. The point is that certain idiots on the right are making leftist arguments (for some insane reason). They will have to agree with Barky when he makes the same asinine attacks on Bain as the sh#theads in the primary are doing right now.

I don’t care what Barky would bring up against Mittens, but half the GOP will have to agree with him since they’re making those arguments themselves.

It’s really time for a third party. The GOP has nothing left to contribute and the Dems are just pursuing the wholesale destruction of our nation and our culture. I’ve pretty much reached my limit with these Vichy Right backstabbing tools.

ThePrimordialOrderedPair on January 9, 2012 at 6:47 PM

I heard him today harping on Donna Brazile talking about the Democrats being anxious to defeat Romney. Proof, he says, that Romney’s our weakest guy. When Dem hacks say the exact same thing about everyone else? “They will tell you who they fear, folks.”

KingGold on January 9, 2012 at 6:44 PM

And when Lawrence O’Donnell says they fear the most from Romney its obviously reverse reverse whatever,

It would have been laughable if not for the fact that actual sane people are saying it

OrthodoxJew on January 9, 2012 at 6:48 PM

I find the old school capital investment firms that launched Wal-Mart, Fed-Ex, Microsoft, Cisco compared to the uber tax/balancesheet/repackaging/marketing/restructuring firms like Bain troublesome. Calling what Bain did as Capitalism – is a stretch of the capitalist system. I feel the bad side effects (which are few compared to the greater good) of capitalism are indeed firms like Bain.

But saying Bain eptimizes the Eli-Whitney of the capitalist system is like saying that the tax collector is the tip of the spear of our Economy

EricPWJohnson on January 9, 2012 at 6:48 PM

Little Timmy Pawlenty: The Mouse That Roared.

Jindal? – A “native born” American, not a “naturally born” American, so not eligible to be President under the Constitution. Same with Rubio. But, if you possible supporters want to join Obambi in throwing Constitutional eligibility requirements out the window, be my guest. It will come back to bite you one of these day.

Horace on January 9, 2012 at 6:48 PM

Pawlenty: Why are Republicans attacking capitalism?

It’s not Republicans. It’s Perry and Huntsman and I guess Gingrich.

VorDaj on January 9, 2012 at 6:49 PM

Newt cares very little about this country and very much about his image. The anti-Newts were right, he never changed and he never will.

andy85719 on January 9, 2012 at 6:49 PM

OrthodoxJew on January 9, 2012 at 6:35 PM

Rush is really disappointing me right now. H claims not to take sides in primaries, but he bet strong on Not Romney and doubles down seemingly once a week. I’m beginning to think he really didn’t expect the “strong conservative” candidates to have such little strength and conservatism. So now he’s getting desperate.

I heard him today harping on Donna Brazile talking about the Democrats being anxious to defeat Romney. Proof, he says, that Romney’s our weakest guy. When Dem hacks say the exact same thing about everyone else? “They will tell you who they fear, folks.”

KingGold on January 9, 2012 at 6:44 PM

Again, I agree (now with both of you there ^^). Rush has been somewhat loopey increasingly lately but it’s most apparent when he gets off in these “mind reading” “future guessing” events as to what the Democrats, so he claims, “want”. It’s like some sort of Card Guessing Game or future-casting that is inherently unreliable. I don’t know why Rush is engaged in this stuff but he is and it’s loopey.

Lourdes on January 9, 2012 at 6:49 PM

Tim Pawlenty is for fair trade. He has no room to talk. If conservatives were serious about Capitalism, they wouldn’t be constantly dumping on Ron Paul.

aryeung on January 9, 2012 at 6:45 PM

Good point. Ron Paul exudes capitalism and small govt. Yet the very people who claim to be for both, openly mock him and support two governors of deep blue states.

angryed on January 9, 2012 at 6:50 PM

While I’m very unhappy at the class warfare angle of all this, Romney supporters need to remember that their guy and his PAC started the scorched Earth policy.

Cindy Munford on January 9, 2012 at 6:50 PM

But answer the question. Is this how you will react when the Obama attacks start? Get Pawlenty or McLame or some other RINO to whine about how unfair politics can be?

angryed on January 9, 2012 at 6:42 PM

That depends. Is this before or after the Obama campaign ads use clips of Perry and Gingrich and Hezekiah Huntsman talking about Bain Capital to attack Romney?

KingGold on January 9, 2012 at 6:51 PM

Jindal? – A “native born” American, not a “naturally born” American, so not eligible to be President under the Constitution. Same with Rubio. But, if you possible supporters want to join Obambi in throwing Constitutional eligibility requirements out the window, be my guest. It will come back to bite you one of these day.

Horace on January 9, 2012 at 6:48 PM

Jindal and Rubio would be twice as good for the unconstitutionalists as Obama only had one non citizen parent at the time of his birth and Jindal and Rubio both had two.

VorDaj on January 9, 2012 at 6:51 PM

Gingrich has made millions lobbying for Health care conglomerates, the pharmaceutical industry and the imploded GSE’s, Fannie and Freddie. He now takes the Daily Kos vision of capitalism to score cheap (very cheap) political points. Truly worthy of the one Republican who stabbed Paul Ryan in the back and supported liberal Dede Scozzafava. Small wonder why Republicans dumped Newt after 2 two year terms as Speaker.

TheStatistQuo on January 9, 2012 at 6:51 PM

After looking at this Romney/Bain Capital issue..T-Paw is right..
This is sad..I wish Team Perry had not joined in the pile on..:)
Dire Straits on January 9, 2012 at 6:46 PM

Rick Perry totally jumped the shark. It will be interesting to see how exactly the Gingrich PAC attacks Mitt Romney.

aryeung on January 9, 2012 at 6:51 PM

For the same reason that none of them are making it clear that repealing ObamaCare will be their first priority in office (except for Bachmann, of course, but she was already taken apart by ostensible conservatives acting like whiny leftist stooges).

Most of them just don’t seem to understand what the situation really is.

ThePrimordialOrderedPair on January 9, 2012 at 6:31 PM

BEG to Differ !!! Mittens said he would sign the repeal of obiecare- and give blanket waivers to states to opt out. And he has promised that on many occasions.

FlaMurph on January 9, 2012 at 6:51 PM

NEWSFLASH PEOPLE: These ads will be run by Obama. If you can’t handle the spin now, you’re dead in July. If anything Gingrich is doing you a favor.

angryed on January 9, 2012 at 6:44 PM

Heads up. I have no problem with Newt doing this. I’m not a Mitt guy. Newt was gonna scorch the earth anyway.

I have serious problem with half the Republican field doing this. As a businessman and a full-throated capitalist, I -hate- this anti-business BS.

beatcanvas on January 9, 2012 at 6:52 PM

You know what else the left did? Claim GWB was an incoherent imbecile because he spoke with a Texan accent and stumbled over his words occasionally. You know who else does that? Perry. And you know what else Romney people do? Call Perry an incoherent imbecile.

Using the left’s tactics is OK when attacking Perry. It’s not OK when attacking Romney.

Are there any other rules like that we should know about?

angryed on January 9, 2012 at 6:53 PM

I don’t know why Rush is engaged in this stuff but he is and it’s loopey.

Lourdes on January 9, 2012 at 6:49 PM

Rush seems to have lost his mojo.

VorDaj on January 9, 2012 at 6:53 PM

How is it that Newt can trash Paul Ryan AND capitalism within the span of the last 8 months and still be regarded as a Tea Party Conservative? If Romney said either of those things he’d already be out of the race.

The Count on January 9, 2012 at 6:47 PM

Didn’t Paul Ryan for for auto bailouts? What team is he on and what team am I on? I want to be on the team that is pro-Ryan but also pro-Romney and anti-Gingrich.

Romney 2012

Punchenko on January 9, 2012 at 6:53 PM

Ron Paul exudes capitalism and small govt. Yet the very people who claim to be for both, openly mock him and support two governors of deep blue states.

angryed on January 9, 2012 at 6:50 PM

Spare me. Ron Paul called OWS a “very healthy movement.”

beatcanvas on January 9, 2012 at 6:54 PM

Jindal? – A “native born” American, not a “naturally born” American, so not eligible to be President under the Constitution. Same with Rubio. But, if you possible supporters want to join Obambi in throwing Constitutional eligibility requirements out the window, be my guest. It will come back to bite you one of these day.

Horace on January 9, 2012 at 6:48 PM

Are people really still debating this? Rubio and Jindal are fully eligible to be president. As is Obama. The sooner you stop with this nonsense the better for everyone.

angryed on January 9, 2012 at 6:54 PM

Rush is really disappointing me right now. H claims not to take sides in primaries, but he bet strong on Not Romney and doubles down seemingly once a week. I’m beginning to think he really didn’t expect the “strong conservative” candidates to have such little strength and conservatism. So now he’s getting desperate.

I have not been able to listen to him for sometime. He is the only person out there that says “I” more than Obama.

tbrickert on January 9, 2012 at 6:54 PM

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