A bigger problem than Bain?
posted at 8:29 pm on January 11, 2012 by Karl
The New York Times picks up where I left off, reporting on Team Romney’s reaction to the attacks from Mitt’s rivals on his tenure at Bain Capital. The news is not particularly reassuring:
Although the advisers had always expected that Democrats would malign Mr. Romney’s work of buying and selling companies, they were largely unprepared for an assault that came so early in the campaign and from within the ranks of their own party, those involved in the campaign discussions said.
Even as Mr. Romney coasted to victory in New Hampshire, they worry that the critique could prove more potent as the race shifts to South Carolina, where shuttered mills dot the landscape, unemployment is higher and suspicion of financial elites is not limited to left-leaning voters.
They should be concerned, given that New Hampshire and Iowa have among the lowest unemployment rates in the country. But many more people should be concerned that behind a facade of denial of the Bain issue, Team Romney was surprised it already came up. During the last presidential nomnination campaign, John McCain raised the Bain issue. Duncan Hunter raised a Bain issue. And Mike Huckabee raised the Bain issue, recycling a lefty conspiracy theory, but most famously in his pre-Iowa quip on the Tonight Show: “People are looking for a presidential candidate who reminds them more of the guy they work with rather than the guy that laid them off.” There is no way these attacks (regardless of their ultimate merit) should have surprised Mitt Romney or his campaign.
Back to the NYT:
The attacks on Mr. Romney are especially unsettling to his campaign manager, Matt Rhoades, who worries that a narrative depicting Romney as a heartless corporate raider will drag down his favorability rating and be sustained by the Obama campaign, said two people told of the internal discussions. (Eric Fehrnstrom, a senior strategist for Mr. Romney, played down such concerns. “I wouldn’t read too much into the rumors,” he said.)
While his campaign advisers generally agree that Mr. Romney must explain his work at Bain, they are wary of engaging in an exhaustive public examination of the nearly 100 deals he was involved in, anxious that it could bog him down in the inevitably messy details of fixing troubled companies, whether they are job cuts or big financial payouts.
Does Team Romney not realize that the candidate’s image is not fully within their control? Do they not know that the left — from Team Obama to the establishment media — will have some (perhaps more than some) say in the matter? People who have $19 million in the bank might have spent a few thousand assigning someone to work on the Bain issue, both in terms of general message and having rapid responses to specific cases ready to email to the media, instead of leaving it to Rich Lowry to explain them after taking the hit.
Mitt Romney is the odds-on favorite for the GOP nomination primarily because he is the one with experience running for president. He is the one who has worn a suit to the job interview, while his rivals, to put it mildly, have not. If GOP voters begin to think Romney is not running a campaign that competently responds to attacks, he will have a bigger problem than Bain.
This post was promoted from GreenRoom to HotAir.com.
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This is so priceless.
And what will happen in the media?
Crickets.
Bcs they are so far up his a$$ they can’t smell anything but his $hit.
Badger40 on April 15, 2013 at 10:43 AM
Caption for all Obama photo’s in tax-related story’s:
Rhymes with “rich”
BobMbx on April 15, 2013 at 10:45 AM
Didn’t the WSJ also say he was coming after your retirement because if you ain’t Beyonce or JayZ you aren’t living next to the Obamas on Marta’s Vineyard come 2020.
Marcus on April 15, 2013 at 10:45 AM
Scarboro you say? Never heard of them.
traye on April 15, 2013 at 10:46 AM
Politico changed their title to add gop
Must have gotten a call from the WH
cmsinaz on April 15, 2013 at 10:47 AM
NIMBP-
Not In My Back Pocket
trubble on April 15, 2013 at 10:48 AM
Scarborough attacking POTUS from the Left?
mjbrooks3 on April 15, 2013 at 10:48 AM
Why doesn’t the Indonesian Warren Buffet pay his “fair share”?
antipc on April 15, 2013 at 10:51 AM
Joe and Mika will now refuse to get on their knees in front of Dog Eater until Friday, maybe even through the weekend, because they are really really angry about this.
Bishop on April 15, 2013 at 10:52 AM
I called Vice President Joe Biden a…well, several things.
An Obama supporter and generally good person sent me information on Mr. Biden’s recent tax and donation records.
Unless I am mistaken, he spent last year giving some stuff away to worthy causes and even a Catholic Church.
All politics aside, thanks, Joe.
IlikedAUH2O on April 15, 2013 at 10:52 AM
This was a calculated move by the White House, and most everyone is falling for it.
Now Obama can say “I only paid 18.4%, and that’s not right. Something must be done to close loopholes and special deductions for the rich and ensure that wealthy are obligated to pay their fair share.”
If Obama had paid 30% could he make that argument as effectively?
steebo77 on April 15, 2013 at 10:53 AM
The left couldn’t care less what this guy does as long as he continues to support the slimy left wing agendas.
rplat on April 15, 2013 at 10:53 AM
Scumball-in-Chief
petefrt on April 15, 2013 at 10:54 AM
Semi-closeted liberal and long-time obama propagandist/supporter, Joey Scarborough blasts obama for his 18.4% tax rate.
(giggles.)
Pork-Chop on April 15, 2013 at 10:56 AM
Just wondering what the donations $ to the vacationing brats on our taxes did mooch and barky make to their educational fund this year to lower his tax rate. Remember last year he did the same thing, total B.S.
D-fusit on April 15, 2013 at 10:56 AM
Wait! Wait!
How does he do it? I want to do the same!
Shy Guy on April 15, 2013 at 10:56 AM
I never understood why Republicans were not going after Democrats who demanded higher taxes on themselves in public and then turned around and made extensive use of deductions.
Seems the most obvious political attack to me.
Valkyriepundit on April 15, 2013 at 10:58 AM
The invidious and insidious Warren Buffet has been toxic to the system that made him rich and could help all Americans.
The only possible justification for the Dem’s soak the rich program is the lack of net worth of most Americans. We are already taxing income like crazy and it is easy to make take even more.
The problem is that the stock market and investment returns are what created real wealth in the last century. You would think that ole Warren would notice that.
And what do they do? Attack President Bush when he even attempted to move some our fellow American’s long term investments to a better vehicle than the “Social Security Trust Fund”.
I pray to see the day when every American has a stock or equity account for life.
IlikedAUH2O on April 15, 2013 at 11:02 AM
Hey, calm down, rednecks. Y’all act like he’s calling for leaving infants to die or somethin’ …
///
M240H on April 15, 2013 at 11:03 AM
Biden and his wife gave a bunch of junk to the Goodwill and claimed a 2k plus, deduction. lol
Blake on April 15, 2013 at 11:04 AM
I could care less what the frauds in the WH paid. What I really want to know is if they claimed their monthly vacations as income?
ORconservative on April 15, 2013 at 11:09 AM
The same applied to Clinton. I wonder if there’s a pattern here.
/
Odysseus on April 15, 2013 at 11:09 AM
Who is the Louis XIV and Marie of today?
Flash! Working stiff millionaires and billionaires get hassle over jet use.
If you go private plane or jet for your vacation, you have the SEC, IRS and even the FAA messing with you!
I could give cites but start at CFO dot com.
I get chief financial officer and accounting firm emails and all they do is make me worse.
IlikedAUH2O on April 15, 2013 at 11:12 AM
Ever seen the Salvation Army’s spreadsheet of what donated items are approximately worth, you would need a semi to haul $2,000 worth of used household goods. I’m thinking the actual tax-deductible worth of the junk was about $100.
Bishop on April 15, 2013 at 11:14 AM
Really? Oh boy.
Well, baby steps, baby steps…
IlikedAUH2O on April 15, 2013 at 11:15 AM
If you watch the entire clip, Morning Slow essentially uses his 7-minute rant in the end as justification for the Buffet Rule. So ultimately this is not about sparing the small business owner from paying higher taxes. Scarborough doesn’t give a rat’s ass about that. What he wants is to punish people making 7 figures or more with a minimum 30% tax rate in the name of “fairness”.
Doughboy on April 15, 2013 at 11:16 AM
Do liberals actually believe that a teacher or cop making $50,000 pays any federal income tax?
gwelf on April 15, 2013 at 11:18 AM
Just like Warren Buffet wanting higher taxes that wouldn’t apply to him and would push people to more heavily invest using products he sells.
gwelf on April 15, 2013 at 11:19 AM
Obama has already been saying this for a long time.
During the whole Warren Buffet pays a smaller tax rate than his secretary era of class warfare.
gwelf on April 15, 2013 at 11:23 AM
Yeah, don’t be overly impressed; it only amounted to about 1% of his earnings, as I recall the conversation last week.
Midas on April 15, 2013 at 11:24 AM
Does this answer your question?
A reactionary guy I know ruined an evening for two Obama people with the article, if that helps. They had been on a long term rampage about rich people like Mitt and the GOP and jets.
Obama Owes The IRS $35 Million for His Jet
Source:
http://www.forbes.com/sites/richkarlgaard/2011/07/01/obama-owes-the-irs-35-million-for-his-jet/
IlikedAUH2O on April 15, 2013 at 11:25 AM
18.4%… this should surprise NOBODY…
Khun Joe on April 15, 2013 at 11:28 AM
Um, actually, Romney did not take advantage of all the deductions available to him. “The Republican opted to drive up his income tax rate by not claiming more than $1.75 million in deductions for charitable donations.”
iurockhead on April 15, 2013 at 11:28 AM
Let’s play the Obamapologist’s version of connect the dots:
“This guy…” = “You people…”
RAAAACIIIIISSST!
See how easy the game is?
Roc on April 15, 2013 at 11:29 AM
So for the tax obsessed right, losing this argument once already wasn’t enough?
Ha.
No comparison to Romney or the criticisms of.
He hasn’t schemed to have the vast majority of his income shielded from taxes.
Obama gave 25% to charity.
And though fair to say Romney is vigorous in that regard as well…in 2011 Obama again gave away 25% and Romney 10%.
But apples and organges.
Scarborough is just throwing a little bone to the right.
Maybe they’ll take an hour off from calling him a RINO.
Ok…may 5 mins.
verbaluce on April 15, 2013 at 11:30 AM
He pays less then his secretary
murrayjones on April 15, 2013 at 11:30 AM
People should calculate what there actual tax rate is. Divide income tax by income. You should be surprised at the rate. (Lower than you thought?) Do the same for your state income tax if you have that.
Now add social security and Medicare and state income tax and sales tax. (Higher than you thought?). Also when adding you should double the SS and Medicare taxes. You are paying them even if they don’t show up on your paycheck.
Dasher on April 15, 2013 at 11:32 AM
This guy’s leadership abilities could be replaced by a golf cart.
NoDonkey on April 15, 2013 at 11:33 AM
Obama 35% to charity — Ha ha – I wonder what leftist radical group that was.
Dasher on April 15, 2013 at 11:33 AM
I’m not sure how you know this. According to the Senate Majority Leader, Romney hasn’t paid taxes for a decade.
BobMbx on April 15, 2013 at 11:35 AM
Two comments and I am grateful and gone.
1) Yes, I DID say FAA. Look it up. They worry about private use. I couldn’t believe it, either.
2) A bird told me that the gov’t has been after the top GOP people for two years on jets and other class extravaganzas. I don’t envy the GOP big guns and Chair a bit as I heard they were target numero uno.
Reince’s Pizza thing (look it up) drove them nuts — it was like he knew what they were doing.
If we’re lucky, maybe the pizza will serve to illuminate an important economic point for President Obama: instead of redistributing the slices, the best way to make everyone happy is to make the pie bigger. It’s as true for dinner as it is for economic growth and opportunity.”
Way to go, Reince.
IlikedAUH2O on April 15, 2013 at 11:37 AM
Mostly went to those commies that run Fisher House –
which ‘Provides free or low cost lodging to veterans and military families receiving treatment at military medical centers.’
verbaluce on April 15, 2013 at 11:53 AM
Do you believe everything Reid says?
Now, really.
verbaluce on April 15, 2013 at 11:54 AM
The least he could do after dithering for months about Afgahistan as many of those servicemembers were injured or killed because of his cowardice. You realize the only time the bastard showed up in Dover was as a photo-op?
But more to the point- Is 18.4% really his fair share? Seems to me the rat-eared devil was demanding far more from working Americans making far less. I guess those rules don’t apply to lazy stupid affirmative action quota fillers.
Happy Nomad on April 15, 2013 at 11:58 AM
2011:
Romney 29%
Obama 21%
Wrong again, but that seems to be a pattern with you, but don’t let facts get in your way.
You’re just jealous because Scarborough has seat in Obama’s taint than you do.
http://www.politico.com/news/stories/0912/81529.html
RovesChins on April 15, 2013 at 12:05 PM
Here’s the defeat of your argument -
Fairness = what BHO does
BHO pays 18.5% effective tax rate.
Flat taxers have always said an fair tax is 18.5%.
Please tax us at 18.5%, just like BHO. We want to be fair too!!
gonnjos on April 15, 2013 at 12:14 PM
Obama gives to charity only when the national media is watching, and when it really doesn’t hurt. Besides, gauging from the net worth of the Clintons post-presidency, his recent charitable inclinations are simply an investment for him. He’ll be worth $200 million by, say 2020. For an excellent chart on Obama and Biden since 2000, look here.
http://taxprof.typepad.com/taxprof_blog/2013/04/obama-and-biden.html#comments
BuckeyeSam on April 15, 2013 at 12:19 PM
STFU, Joe! Where have you been the last five years? Idiot.
HiJack on April 15, 2013 at 12:19 PM
note that his effective tax rate aligns perfectly with traditional spending to GDP (until these dems took over)
DanMan on April 15, 2013 at 12:41 PM
Limousine Liberal ?
Hell- he’s a COUNTRY CLUB MARXIST
and we know thats way worse.
Give morning Bloe at least a wink- he has some morsel of integrity after he and Hypocrite mika-poo sat there, day after day, shadding on Mitt for being richie Rich.
Wheres HAL …….
FlaMurph on April 15, 2013 at 12:42 PM
AYFKM? Is Joe Scarborough finally getting it? Where’s Mika? Puking in the back corner after receiving the bad news about BO’s tax bracket?
Joe should have brought up the Schumer Rule. A Democrat lowered Romney’s tax rate then attacked him for it.
http://www.crainsnewyork.com/article/20120123/BLOGS01/301239996
NoPain on April 15, 2013 at 12:53 PM
I’d love to see those receipts.
GWB on April 15, 2013 at 1:03 PM
So Joey FINALLY woke up? And we’re supposed to applaud him? More like kick him in the nuts and tell him he’s a couple of years late and more that a dollar short.
GarandFan on April 15, 2013 at 2:00 PM
Joe will go back to fawning over the Obama and his ilk in even numbered years. Especially in the months of Sep./Oct./Nov.
Besides … there are no undecided voters that watch his morning spew. It matters not.
Carnac on April 15, 2013 at 2:43 PM
Obama: “We need to raise taxes because folks like me and can more.” Well, you had your chance, pay up Bambie!
HellCat on April 15, 2013 at 2:55 PM
Buffet makes his money on long term investments not short term gains. If long term savings are penalized then they will disappear. Look at what happened to the interest rate on bank savings accounts. Basically the interest rate is zero and fees have soared through the roof. This why so many people don’t trust banks anymore !!
hamradio on April 16, 2013 at 4:00 AM
Welcome to Socialism, where ‘Pay YOUR fair share’ applies to everyone EXCEPT the Socialists at the top!
easyt65 on April 16, 2013 at 9:45 AM
Bingo! Verby must think that Romney’s tithing to his church is the only charitable giving he does.
Sockpuppet Politic on April 16, 2013 at 12:48 PM