Here we go: Full 28-minute movie attacking Romney’s Bain work debuts at Gingrich Super PAC site; Update: No retreat, says Newt campaign

posted at 3:40 pm on January 11, 2012 by Allahpundit

So help me, news of this broke on Twitter within 10 minutes of this piece appearing at Politico. Second look at total campaign confusion?

Newt Gingrich signaled Wednesday that he believes his criticism of Mitt Romney’s record at Bain Capital is a mistake — and that he’s created an impression that he was echoing Democratic rhetoric…

“I’m here to implore one thing of you. I think you’ve missed the target on the way you’re addressing Romney’s weaknesses. I want to beg you to redirect and go after his obvious disingenuous about his conservatism and lay off the corporatist versus the free market. I think it’s nuanced,” Dean Glossop, an Army Reservist [and Santorum supporter] from Inman, S.C., said.

“I agree with you,” Gingrich said. “It’s an impossible theme to talk about with Obama in the background. Obama just makes it impossible to talk rationally in that area because he is so deeply into class warfare that automatically you get an echo effect. … I agree with you entirely.”

And yet here we are. Maybe he’s going for a tongue-in-cheek good cop/bad cop dynamic with his Super PAC where he pretends to back off the Bain bombthrowing even while the “independent” committee that’s supporting him keeps tossing grenades? One of his big critiques of Romney’s negative ads, remember, was that Mitt was able to farm them out to his Super PAC without putting his name to them, allowing him to throw mud in Newt’s face without getting his own hands dirty. When Romney was pressed on that, he noted that he’s barred by law from coordinating with any PAC; when he was further pressed on the fact that he could simply issue a public statement asking the PAC to lay off on Newt, he responded with … this. Presumably Newt will respond the same way when asked about today’s non-retreat retreat, but his spin will be tougher than Romney’s because he’s now all but admitted that he’s playing into Obama’s hands.

And by the way, when did he reach this sudden epiphany that it’s not smart to attack Romney on this? Here he was just a few hours ago in South Carolina:

Mr. Gingrich presented himself here as a voice for middle-class Americans who want “someone prepared to stand up to Washington and New York.’’

“This is not anticapitalism,’’ he insisted. “That is the smokescreen of those who are afraid to be accountable.’’

“I am for entrepreneurship,’’ he added, “but I am also for the American people’s right to understand how the games are being played: are they fair to the American people, or are the deals being cut on behalf of Wall Street institutions and very rich people.’’

Doesn’t sound like much of a retreat. Could be that Politico’s just overstating what he meant in his chat with that Santorum supporter — not that he’s going to stop talking about this but that it’s a bummer that that darned Obama will end up twisting an attack on Bain into a broader class-warfare narrative. We’ll probably know one way or another by the time of his next event in SC, so stay tuned. Exit quotation from Howie Carr: Newt’s morphed into “a butch Ariana Huffington.” Click the image to watch.

Update: A blast e-mail from Newt’s spokesman:

Newt 2012 released the following statement from Press Secretary R.C. Hammond responding to misleading reports on an exchange Newt Gingrich had with a voter in Spartanburg, SC regarding Mitt Romney’s record at Bain Capital (during which the phrase “I crossed the line” was never uttered from Newt, despite the headline from Politico):

“This issue at hand is neither about Bain Capital, private equity firms, nor about capitalism. It is about Mitt Romney’s judgment and character. It was Governor Romney’s decision to base his candidacy, in large part, on his background as a portfolio manager. Thus, it is entirely legitimate to ask questions about whether he is accurately presenting how he conducted himself during that career.

“Reports by the Wall Street Journal and others contradict Governor Romney’s claims that it was his goal at Bain Capital to make companies more successful. In fact, there were cases where Bain Capital made huge profits and left companies bankrupt. Further reports have cast doubt on Governor Romney’s claim that he was responsible for 100,000 jobs being created thanks to his work at Bain Capital.

“Instead of accepting the responsibility to answer questions about his business background, the Romney campaign is throwing up a smokescreen about an attack on capitalism. That’s just more pious baloney from Mitt Romney and his campaign.”

Emphasis mine. So the big point about this line of attack is that … Romney’s a liar? What was the point of the exchange Newt had with that Santorum supporter today, then?


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See with the other candidates they are being vetted…but with the Lil’ Prince why they are attacking capitalism and this is a crime in America.

It’s kinda funny…in that two drunks arguing for the best seat the deck of the Titanic kind of way.

workingclass artist on January 11, 2012 at 7:30 PM

I’m sure Obama, the liberal media, and democrats, will never bring up Romney and Bain Capital in the General election. Even when Romney introduces the topic – My tenure at Bain Capital makes me the job creator in this campaign/

Obama: Okay yeah sure, we will just take your word for that LOL!

Dr Evil on January 11, 2012 at 7:59 PM

THIS. This will keep Romney on the ropes and he will be defined by this. He will NEVER get the opportunity to go on offense and turn the conversation back onto Obama. Obama skates into a 2nd term.

Totally depressing.

karenhasfreedom on January 11, 2012 at 7:55 PM

You really don’t think Obama didn’t already know all this?
Romney is just having his turn at being vetted, just like every other candidate.
Sheesh! Look at the remarks about Perry and Newt on this forum.
Your guy is NO different!

avagreen on January 11, 2012 at 8:00 PM

Gelsomina on January 11, 2012 at 7:57 PM

In politics to means ordinary people lost their jobs to a corporate raider

Step back & think about it.

After you do that tell me how Hoover did against FDR

workingclass artist on January 11, 2012 at 8:00 PM

You really don’t think Obama didn’t already know all this?
Romney is just having his turn at being vetted, just like every other candidate.
Sheesh! Look at the remarks about Perry and Newt on this forum.
Your guy is NO different!

avagreen on January 11, 2012 at 8:00 PM

He’s pretty much gotten a pass up until now from everyone! The MSM and Fox. I’m glad he’s finally getting his turn.

avagreen on January 11, 2012 at 8:02 PM

Well, actualmo, the reply should be the same. Ya know…..the truth. Never hurt anyone, correct?

avagreen on January 11, 2012 at 7:44 PM

If capitalism is dirty is in the eye of the beholder. It usually shows you if somebody is to the right or the left of the ideological spectrum. Until about a week ago, the right was in favor of capitalism.

Gelsomina on January 11, 2012 at 8:05 PM

and its pilling on.
the narrative is brutal.

nathor on January 11, 2012 at 7:25 PM

This is the same treatment the other candidates have already received except for Huntsman and Roemer. It looks like Huntsman is starting to take a little jazz for being upbeat about coming in third in New Hampshire. He decided he was going on to the next state. Considering it’s just the 2nd state anyone voted in, and the 1st one he campaigned in, I don’t think he had such a poor showing. But the media is making fun of him for being optimistic.

Dr Evil on January 11, 2012 at 8:06 PM

If capitalism is dirty is in the eye of the beholder. It usually shows you if somebody is to the right or the left of the ideological spectrum. Until about a week ago, the right was in favor of FREE MARKET capitalism – not crony capitalism.

Gelsomina on January 11, 2012 at 8:05 PM

There are all kinds of capitalism. The idea that only one form is being practiced in this country is really a very simple premise.

Dr Evil on January 11, 2012 at 8:07 PM

If capitalism is dirty is in the eye of the beholder. It usually shows you if somebody is to the right or the left of the ideological spectrum. Until about a week ago, the right was in favor of capitalism.

Gelsomina on January 11, 2012 at 8:05 PM

Capitalism is the best system out there; it isn’t 100% pure, and people sometimes exploit the system.

George Soros’s adventures in currency shorting, for example, were 100% legal and aboveboard.

Good Solid B-Plus on January 11, 2012 at 8:10 PM

angryed on January 11, 2012 at 6:25 PM

Why do Romney supporters so often come out of the gate so disagreeable? I mean I’ve argued with Palin supporters, Perry supporters & Santorum supporters and we’re usually able to have rational discourse without the hyperbole and name calling, at least for a while.

My current theories are that 1) They know their candidate has no record to stand on so they use these tactics to avoid debate and 2) They want to shut up the opposition, so people won’t attack their candidate because they’re afraid of being called “bigot” or “stupid” or “liberal.”

29Victor on January 11, 2012 at 8:10 PM

Capitalism is the best system out there; it isn’t 100% pure, and people sometimes exploit the system.

George Soros’s adventures in currency shorting, for example, were 100% legal and aboveboard.

Good Solid B-Plus on January 11, 2012 at 8:10 PM

Well said.

29Victor on January 11, 2012 at 8:11 PM

THIS. This will keep Romney on the ropes and he will be defined by this. He will NEVER get the opportunity to go on offense and turn the conversation back onto Obama. Obama skates into a 2nd term.

Totally depressing.

karenhasfreedom on January 11, 2012 at 7:55 PM

That movie is all about class warfare.

Heck you would have thought it was made by Obama and Acorn.

Btw do the people in the movie blame their fatness on Romney?

CW on January 11, 2012 at 8:11 PM

Right now this film has got the GOP establishment panicked…and I include conservative talk radio…Rush & Hannity made an asses out of themselves yesterday and today.

This is politics…no economics 101

Romney is the weakest in the field because of his record in being elected,governing and now his jobs creation record.

Obama can sleep through facing Romney but he’ll have too much fun playacting the second coming of FDR.

Mitt and the Bush Sr. countryclub GOP will have to lump it cause Newt & Perry burst Mitt’s electability myth…and if this were done to Obama’s personality cult in 2008 we wouldn’t even be here.

workingclass artist on January 11, 2012 at 8:12 PM

This movie will have about the same impact the Sarah Palin movie had to get her elected…

It preaches to the choir of select group of already-decided voters who will not change their mind.

In essence… won’t surmount to anything.

jdoubleu on January 11, 2012 at 8:12 PM

Good Solid B-Plus on January 11, 2012 at 8:10 PM

John Corzine is a capitalist, too. Let’s defend him! Because if we don’t, we’re attacking the “very core of our nation!!eleventy11″ /sarc

Aslans Girl on January 11, 2012 at 8:12 PM

Capitalism is the best system out there; it isn’t 100% pure, and people sometimes exploit the system.

George Soros’s adventures in currency shorting, for example, were 100% legal and aboveboard.

Good Solid B-Plus on January 11, 2012 at 8:10 PM

This isn’t about capitalism..it’s about electability

Romney has as good a chance to beat Obama in this economy as Hoover did against FDR.

workingclass artist on January 11, 2012 at 8:16 PM

This movie will have about the same impact the Sarah Palin movie had to get her elected…

It preaches to the choir of select group of already-decided voters who will not change their mind.

In essence… won’t surmount to anything.

jdoubleu on January 11, 2012 at 8:12 PM

It preaches to the workingclass which is the bulk of America…many of whom are independents and republicans.

workingclass artist on January 11, 2012 at 8:17 PM

Mitt and the Bush Sr. countryclub GOP will have to lump it cause Newt & Perry burst Mitt’s electability myth…and if this were done to Obama’s personality cult in 2008 we wouldn’t even be here.

workingclass artist on January 11, 2012 at 8:12 PM

You’re dreaming. You’ll see. Just because your guys winning does mean you have to fantasize .

CW on January 11, 2012 at 8:18 PM

It preaches to the workingclass which is the bulk of America…many of whom are independents and republicans.

workingclass artist on January 11, 2012 at 8:17 PM

It is simple class warfare. You’re as bad as any liberal. Sadly pathetic.

CW on January 11, 2012 at 8:19 PM

This is going viral on Facebook right now.

libfreeordie on January 11, 2012 at 8:19 PM

John Corzine is a capitalist, too. Let’s defend him! Because if we don’t, we’re attacking the “very core of our nation!!eleventy11″ /sarc

Aslans Girl on January 11, 2012 at 8:12 PM

If this election is all about capitalism, shouldn’t the Romney backers be encouraging Trump to run? :)

Good Solid B-Plus on January 11, 2012 at 8:20 PM

Romney denied any involvement in the superPAC in Iowa, and now Newt does the same.

What goes around comes around, or something like that.

I just hope the Dems, while slaughtering Romney, lose focus on the Senate races and we outspend the Dems on those fights. Then, despite Romney losing, we take back the Senate and stop Obama cold.

Heck, I’m looking forward to the filibuster of his next SCOTUS pick.

This will an interesting and fun election year afterall.

Now let’s all send a check to Josh Mandel.

KirknBurker on January 11, 2012 at 8:21 PM

It is simple class warfare. You’re as bad as any liberal. Sadly pathetic.

CW on January 11, 2012 at 8:19 PM

Yeah, and you’re attacking the people in the movie for being fat. You sound like any other troll, now, CW.

Good Solid B-Plus on January 11, 2012 at 8:21 PM

workingclass artist on January 11, 2012 at 8:17 PM

Your argument works just as well as people taking you more serious when you bold your statement. Lame.

I realize the anti Mitt crowd on here really, really hates him… but why must you go all Newt-liberal here?

jdoubleu on January 11, 2012 at 8:22 PM

It is simple class warfare. You’re as bad as any liberal. Sadly pathetic.

CW on January 11, 2012 at 8:19 PM

Class warfare is what Romneybots do to others. They don’t have the right accent, they haven’t gone to the right school. That’s class warfare right there.

promachus on January 11, 2012 at 8:23 PM

CW on January 11, 2012 at 8:11 PM

It’s a superPAC, Romney has no control over it. Newt has no control over it either.

Karma’s a b*tch.

KirknBurker on January 11, 2012 at 8:23 PM

Maybe he should have thought about that before he declared his intention to run for President of the United States. Because this is how a primary works. If he’s not prepared to defend himself in all circumstances, he’s the weakest link, and needs to drop out. Obama will eat his lunch in the general.

Dr Evil on January 11, 2012 at 7:54 PM

Just substitute “dirty capitalist” with “crazy pro-lifer” and re-think your argument.

Are you willing to give up all conservative convictions for a victory in the primary, or only some?

I don’t even like Romney that much, but what do conservatives really believe in? How can Perry and Gingrich turn from Tea Partiers to Michael Moore in a second, and how can all their fans follow them without thinking twice? Because winning is everything and after me the deluge?

Gelsomina on January 11, 2012 at 8:25 PM

Now let’s all send a check to Josh Mandel.

KirknBurker on January 11, 2012 at 8:21 PM

!!!

Man, I hope Mandel decides to run against Brown. I can honestly see him being a future GOP candidate for POTUS. Perhaps in 2020 or 2024? Josh is the real deal. I’ve known him for a long time.

Good Solid B-Plus on January 11, 2012 at 8:25 PM

The problem for Romney — and it’s huge — is that he has not articulated a defense for this yet. Comparing it to Obama’s bailout of the auto companies was just plain stupid — not even CLOSE to the same thing as it was private vs. public money. He has GOT to develop a defense that explains what his company did in a way people will understand it — they invested in FAILING businesses in the hopes they would turn around. Some they turned around; others they could not. When they couldn’t, they sold off what was left and paid off their PRIVATE investors. Just like Borders did. Just like Circuit City did. Just like Best Buy will do in the next couple of years. Just like Sears and KMart will do next year. And, sadly, just like GM will be doing soon – except in that case, they will NOT pay off their investors because the American people were the investors — against their will — and GM’s unions — Obama supporters — will get paid off first. Solyndra failed, but their investors — the American people — did not get paid back when that company’s assets were sold because it all went to Barack Obama’s fat cat fund-raisers on that company’s board so they could funnel it back to him. He needs to look into the camera and say: If GM fails, do the American people expect to get paid back first, or should the Obama union fatcats get their payday first? Do they want the Bain model or the Obama model?

Rational Thought on January 11, 2012 at 4:09 PM

Your analysis bears repeating because it goes to the heart of the issue.

Yes, the Dems will destroy Mitt as they did with Carly Fiorina and Meg Whitman. Anyone who thinks that the Dems didn’t have enough arrows in their quiver to bring down Mitt is fooling themselves. They didn’t need Newt’s PAC to do the work for them.

If Mitt is such a brilliant strategist, he would have forseen the problems and offered the points that Rational Thought offered.

onlineanalyst on January 11, 2012 at 8:25 PM

It is simple class warfare. You’re as bad as any liberal. Sadly pathetic.

CW on January 11, 2012 at 8:19 PM

I’m sorry you’re offended by political realities.

I come from Texas and we tend to see things as they are not how we want them to be.

A Brainy eastcoasty economics lesson won’t beat Obama.

This is the economy ripe for populism…check out the idiot Dr. Kookoobananas.

You are too emotional.

This Bain Film looks bad for Romney…and nothing will change that.

workingclass artist on January 11, 2012 at 8:26 PM

Newt’s PAC should have made ads exposing the crony capitalism of Obama’s administration, which has put the American taxpayer on the hook for “investing” in guaranteed-to-fail businesses while reaping rewards for his political supporters.

onlineanalyst on January 11, 2012 at 8:29 PM

our argument works just as well as people taking you more serious when you bold your statement. Lame.

I realize the anti Mitt crowd on here really, really hates him… but why must you go all Newt-liberal here?

jdoubleu on January 11, 2012 at 8:22 PM

I want to beat Obama and repeal Obamacare.

Romney will do neither.

Thanks for the internet bold etiquette lesson Mom now go fix dinner K?

workingclass artist on January 11, 2012 at 8:30 PM

There are all kinds of FREE MARKET capitalism. The idea that only one form is being practiced in this country is really a very simple premise.

Dr Evil on January 11, 2012 at 8:07 PM

What is not free about Bain? Who is forced by Bain to do what?

Gelsomina on January 11, 2012 at 8:30 PM

OK. So what is the solution? Impose a limit on profit? 10%, 20%? 30%? Serious question to you.

angryed on January 11, 2012 at 6:21 PM

No. You put in place regulations that prevent certain types of market activity that produce more widespread economic damage than they do widespread economic growth. As much as free market advocates often forget it, their entire argument for laissez faire capitalism is that the market will produce better outcomes for the majority of people in te society than will a centrally controlled/regulated market. The Bains of the world (and they are only one of many firms who have begun to operate in this way) are succesfully capitalist, but their activities do not foster job creation or growth for society as a whole.

Before I continue, some words on terminology. I’ve noticed that folks around here like to think in crazy extremes. If you say something is good for “society as a whole” people will try and get you to defend that every single person in the society benefits from it, and equally. This is one of the central misunderstandings (or purposeful mischaracterizations) of progressive thought. The idea isn’t that regulation of the market will end all predatory practices, nor is the idea that if taxes are raised on the wealthy that everyone will eventually even out. Nor is the idea that everyone will end up a winner and that all poverty will be eradicated. The question, though, is how do we have a society where “losing” isn’t as costly as it is now (and really I hate the lose-win language it suggests that if you aren’t super wealthy you are a “loser.” Quite the contrary, lots of people are perfectly content with their lives and they are not super wealthy).

So, for example, we need to go back to the common sense regulatory system that kept us from major crashes from the Great Depression to the Savings and Loan crisis of the 1980s. We need to discourage investment in ventures that produce no products, employ no workers and, instead, “vulture” off of American workers by lowering wages or busting unions. We need to encourage American manufacturing and production again by limiting free trade agreements, regulating multi-national corporations and providing major tax penalties for corporations who do not employ American workers. These things will not end poverty, some people will still be losers. But globalism and a wall street based economy has not served the interest of society as a whole. In short, they have not fulfilled the promise that free market advocates assured the country would occur once we dismantled the New Deal. The laissez faire market won its ultimate victory when it repealed Glass Steagill and our reward was “too big to fail” and the Bains of the world.

And the problem for the free market advocates is that this film makes that argument about as effectively as Michael Moore ever could. Its tough to frame these kindly looking old white people as unwashed OWSers who don’t want to work. They wanted to work, their livlihoods and their access to the American dream was stolen from them so Mitt Romney and a whole class of elite bankers could make money. Its not just Romney, its the whole system of Wall Street based capitalism. It isn’t the kind of capitalism we should have in this nation. Gingrich has made it really hard to call these types of people “moochers” and other horrible things that people like CW like to throw around.

libfreeordie on January 11, 2012 at 8:34 PM

I want to know how many of the actual jobs Mitt created went overseas.

Oh, but that’s ok for all you uber-Capitalists, right. Whatever and whomever it takes to get those dollars.

SO is illegal immigration/amnesty, right. It’s all about the profit. Right. That’s the name of the game.

PROFIT AT ANY COST !

As Mitt says, “GETTING YOUR BAIT BACK !”

stenwin77 on January 11, 2012 at 6:33 PM

With this attitude I do not blame anyone for sending jobs overseas. Why would you want entitled slobs with little to recommend them work for you?

antisense on January 11, 2012 at 8:36 PM

Your analysis bears repeating because it goes to the heart of the issue.

Yes, the Dems will destroy Mitt as they did with Carly Fiorina and Meg Whitman. Anyone who thinks that the Dems didn’t have enough arrows in their quiver to bring down Mitt is fooling themselves. They didn’t need Newt’s PAC to do the work for them.

If Mitt is such a brilliant strategist, he would have forseen the problems and offered the points that Rational Thought offered.

onlineanalyst on January 11, 2012 at 8:25 PM

Romney doesn’t even have a decent record as governor to back him up.

He dodged it and went with Bain Capital.

In this economy Romney has nothing to offer the American People and when they see this they won’t want it.

It is politically devastating to both Romney and the GOP.

workingclass artist on January 11, 2012 at 8:36 PM

No doubt, Obama is the luckiest man to ever live, what seemed impossible a few months ago is now a near certainty: he will get his second term, with complements from the GOP. He can be beaten by a ham sandwich but not by any of the Republicans we have running.

neuquenguy on January 11, 2012 at 8:37 PM

If this election is all about capitalism, shouldn’t the Romney backers be encouraging Trump to run? :)

Good Solid B-Plus on January 11, 2012 at 8:20 PM

Perry and Gingrich made it all about capitalism.

I’m not even a Romney supporter, but the idea that it might be smart to attack Romney from the left is absurd.

Gelsomina on January 11, 2012 at 8:42 PM

No doubt, Obama is the luckiest man to ever live, what seemed impossible a few months ago is now a near certainty: he will get his second term, with complements from the GOP. He can be beaten by a ham sandwich but not by any of the Republicans we have running.

neuquenguy on January 11, 2012 at 8:37 PM

Obama can’t be beaten by Romney in this economy.

He can be beaten by a conservative republican with a strong record and good plans.

Hell even Buddy Roemer and he was a banker could beat Obama based on his record in LA. The problems with Mitt are all his own making…no matter how much money he throws at it the political landscape stays the same.

Romney made his choices

workingclass artist on January 11, 2012 at 8:43 PM

I realize the anti Mitt crowd on here really, really hates him… but why must you go all Newt-liberal here?

jdoubleu on January 11, 2012 at 8:22 PM

Hate? Why hate Romney?

Speaking for my self, I totally oppose Romney’s character as the lying and opportunistic politician.

TheAlamos on January 11, 2012 at 8:45 PM

libfreeordie on January 11, 2012 at 8:34 PM

Just waiting for an Illuminati or Israel reference in your screed. When was the last time a poor created a job? It’s the same logic the Marxists use when they propose all net revenue be shared equally among workers – yielding no profit at all. Your idea of everything has to create a job and a physical product to be “ethical” is inane.

antisense on January 11, 2012 at 8:45 PM

Perry and Gingrich made it all about capitalism.

I’m not even a Romney supporter, but the idea that it might be smart to attack Romney from the left is absurd.

Gelsomina on January 11, 2012 at 8:42 PM

Really? Perry and Gingrich forced Mitt to emphasize his work in the private sector instead of his gubernatorial term?

Mitt chose to make Bain fair game. He’s been running for 4 or 5 years on his competency in the free market.

Good Solid B-Plus on January 11, 2012 at 8:45 PM

Perry and Gingrich made it all about capitalism.

I’m not even a Romney supporter, but the idea that it might be smart to attack Romney from the left is absurd.

Gelsomina on January 11, 2012 at 8:42 PM

BS

Perry and Newt attacked Romney’s jobs creation claim which Romney inflated and obfuscated.

workingclass artist on January 11, 2012 at 8:46 PM

Hell even Buddy Roemer and he was a banker could beat Obama based on his record in LA. The problems with Mitt are all his own making…no matter how much money he throws at it the political landscape stays the same.

Romney made his choices

workingclass artist on January 11, 2012 at 8:43 PM

So divorced from reality. Seek help.

antisense on January 11, 2012 at 8:47 PM

So divorced from reality. Seek help.

antisense on January 11, 2012 at 8:47 PM

Mitt is having a rough day

sob

workingclass artist on January 11, 2012 at 8:48 PM

How can Perry and Gingrich turn from Tea Partiers to Michael Moore in a second,Gelsomina on January 11, 2012 at 8:25 PM

They didn’t turn into Micheal Moore. The TEA Party is against Crony Capitalism – What do you think they mean by “Take Our Country Back” ?

The Quiet Coup
The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises.

An who is Mitt Romney courting for support? Just one of Obama’s BFFs Jamie Dimon – Limousine Liberal, and Obama adviser. Romney is a status quo republican, all it means is brand R will replace brand D at the corporate troughs. Jamie Dimon JP Morgan Chase, was invested in Light-squared through another company owned by JP Morgan Chase. I doubt that’s going to look good for Mitt Romney during the general election asking him for donations and all.

Romney Courts Wall Street CEO,

ROMNEY COURTS JAMIE DIMON : Republican presidential candidate Mitt Romney met privately with Wall Street titan Jamie Dimon earlier this week, Bloomberg reports. Dimon is the chief executive officer of the world’s largest public company, JPMorgan Chase, and is a prolific political donor, according to research by the Center for Responsive Politics.

Mitt Romney is a vanilla candidate. The only time he’s interesting is when he’s being attacked. He’s not going to gin up the republican base, and get them out to vote for him. He is a made to order political punching bag for Obama- Mr 1%.

This isn’t the nominee to beat Obama. People need to start wrapping their heads around it – Romney’s flawed, it doesn’t matter if corporate media thinks he’s pretty enough to be President SNARK.

Dr Evil on January 11, 2012 at 8:50 PM

When was the last time a poor created a job?
antisense on January 11, 2012 at 8:45 PM

a poor?

really?

workingclass artist on January 11, 2012 at 8:51 PM

Mitt Romney is a vanilla candidate. The only time he’s interesting is when he’s being attacked. He’s not going to gin up the republican base, and get them out to vote for him. He is a made to order political punching bag for Obama- Mr 1%.

This isn’t the nominee to beat Obama. People need to start wrapping their heads around it – Romney’s flawed, it doesn’t matter if corporate media thinks he’s pretty enough to be President SNARK.

Dr Evil on January 11, 2012 at 8:50 PM

Yeah…he’s a disaster in this economy.

Straight line from Wall St. to Washington DC

workingclass artist on January 11, 2012 at 8:53 PM

Perry and Gingrich made it all about capitalism. corporate raiding, and corporate looting, and corporate sacking.

I’m not even a Romney supporter, but the idea that it might be smart to attack Romney from the left is absurd.

Gelsomina on January 11, 2012 at 8:42 PM

Maybe you need to take a closer look at Bain Capital’s track record before you assume this is all about Free Market Capitalism.

Dr Evil on January 11, 2012 at 8:53 PM

The only immorality is to be found in the mendacity of his accusers. Bain did not purchase companies for the purpose of shutting them down. They purchased distressed companies with the expectation of turning them around. Sometimes they were beyond saving. Within the world of venture capital firms Bain was known to take chances on companies that were in very bad shape. And their success rate was on par with those who played it safer, with the rewards proportional to the risks they undertook.

The fact is that those firms that could not be salvaged after Bain tried were not at all viable with or without the attempts by Bain to resuscitate them.

MJBrutus on January 11, 2012 at 6:15 PM

I understand the low info people might bite at your argument that Bain only wanted to turn the companies around. But the actions taken belie that argument in toto. A failing company does not have access to hundreds of millions in loans that it is willing to turn over between 30 and 60% to Bain Consulting. The making hundreds of millions in loans at the demand of Bain Capital, and turning the money over to Bain Consulting which is removed from any liability that Bain Capital (Removes any risk) might have for those loans, makes the companies fail where they were treading water before. Maybe if Bain had good intentions, they would have had time to really turn the companies around and not demanded all the money up front, taking them out of the RISK pool you argue makes their profits valid. Bain practiced immoral business practices.

astonerii on January 11, 2012 at 8:57 PM

workingclass artist on January 11, 2012 at 8:53 PM

Seeing as you are an OWS retread, one can only speculate as to what percentage of your “art” consists of feces.

antisense on January 11, 2012 at 8:58 PM

Really? Perry and Gingrich forced Mitt to emphasize his work in the private sector instead of his gubernatorial term?

Mitt chose to make Bain fair game. He’s been running for 4 or 5 years on his competency in the free market.

Good Solid B-Plus on January 11, 2012 at 8:45 PM

But Gingrich and Perry don’t question Romney’s competency in the free market. Bain is successful.

They attack Bain from a moralistic point of view. If Bain is evil, then Romney is evil. That’s what this video is about.

Gelsomina on January 11, 2012 at 9:01 PM

This is *the best* message film on the problematics of contemporary capitalist i have seen in a long, long time.

libfreeordie on January 11, 2012 at 6:05 PM

Which alternative to capitalism are you pushing?

BoxHead1 on January 11, 2012 at 9:08 PM

They didn’t turn into Micheal Moore. The TEA Party is against Crony Capitalism – What do you think they mean by “Take Our Country Back” ?

This isn’t the nominee to beat Obama. People need to start wrapping their heads around it – Romney’s flawed, it doesn’t matter if corporate media thinks he’s pretty enough to be President SNARK.

Dr Evil on January 11, 2012 at 8:50 PM

If Romney is a crony capitalist, he should not be nominated. I don’t have a problem with vetting him. Nobody really knows what he stands for, that’s somehow unnerving.

But Gingrich and Perry attacked Bain and investment companies in general in order to get Romney. They didn’t turn into Michael Moore, because they attacked Romney, but because they attacked investment companies.

As I said somewhere else – they have to depict investment companies as evil, so they can depict Romney as evil.

It backfired, because it turned out that Gingrich was board member of an investment company, as well. Romney can hit him over the head with this fact, and he will do it.

Gelsomina on January 11, 2012 at 9:20 PM

“When Mitt Romney Came to Town”

First 8 minutes: Sob stories. Like previous posters mentioned, overdone and overlong.
At 8 minutes: KB Toys. Bought by Bain in 2000. Issued massive debt while repurchasing shares owned by Bain(?). Bankrupt in 2009. 15,000 jobs lost. Return on Investment-900%.
10m: DDi. Bought by Bain in 1996. Pumped up for IPO in 2000. Dumped by Bain a few months later. Bankrupt in 2003. 2,100 jobs lost. Return on Investment – “he personally profited”?
14m:Ampad. 1994. Sold debt. Bankrupt 1999. ROI – “made over $100M”
16m-21m: More sob stories.
22m: Romney is rich. Bulldozed huge mansion to build bigger mansion. Worth $.25B. Class warfare.
24m-end: Sob stories. Romney speaks French.

Impression: Hit pieces work better when there is an air of objectivity. Too slanted on one side. Too many sob stories. However, the hard data presented is harmful and disturbing if true. Bain’s method of operation seems to be buying companies, overselling bonds and transforming the company’s debt into Bain’s income through various methods like stock buybacks and dividends.

http://www.webcasts.com/kingofbain/

ZGMF_Freedom on January 11, 2012 at 9:22 PM

Seeing as you are an OWS retread, one can only speculate as to what percentage of your “art” consists of feces.

antisense on January 11, 2012 at 8:58 PM

Really? Is that all you got?

Sorry your beloved Mittens is having a bad day

workingclass artist on January 11, 2012 at 9:32 PM

But Gingrich and Perry don’t question Romney’s competency in the free market. Bain is successful.

They attack Bain from a moralistic point of view. If Bain is evil, then Romney is evil. That’s what this video is about.

Gelsomina on January 11, 2012 at 9:01 PM

They are going after Romney saying he’s a jobs creator…He’s unemployed so he understands…He gives a sh*t about ordinary people & shares their values.

It’s politics…snap out of it

workingclass artist on January 11, 2012 at 9:35 PM

Impression: Hit pieces work better when there is an air of objectivity. Too slanted on one side. Too many sob stories. However, the hard data presented is harmful and disturbing if true. Bain’s method of operation seems to be buying companies, overselling bonds and transforming the company’s debt into Bain’s income through various methods like stock buybacks and dividends.

http://www.webcasts.com/kingofbain/

ZGMF_Freedom on January 11, 2012 at 9:22 PM

The Bain + Lehman Bros. DDI stock dump looks bad…really bad

workingclass artist on January 11, 2012 at 9:37 PM

Maybe you need to take a closer look at Bain Capital’s track record before you assume this is all about Free Market Capitalism.

Dr Evil on January 11, 2012 at 8:53 PM

Okay, so investment companies are evil. What should President Perry do to prevent them from doing their evil deeds? He hates them, as we know. He calls them looters. What kind of statist legislation and market intervention can we expect from Perry to get rid of investment companies? Hmmm? He’s going to have the support of Dennis Kucinich, that’s for sure. Doesn’t that make you feel better?

Gelsomina on January 11, 2012 at 9:38 PM

They are going after Romney saying he’s a jobs creator…He’s unemployed so he understands…He gives a sh*t about ordinary people & shares their values.

It’s politics…snap out of it

workingclass artist on January 11, 2012 at 9:35 PM

Attacking Bain to get Romney is about as smart as blowing up your house in order to kill the mouse in the basement, Mr. Class Warfare.

Gelsomina on January 11, 2012 at 9:47 PM

ATTN: Concern Trolls- call David Axelrod immediately for recalibration -you’re going a little overboard with the pseudo-Republicanism.

He said to rein it in a bit to be more believable.

I think Obama’s phrase was “More verisimilitude, dudes!”

profitsbeard on January 11, 2012 at 9:49 PM

The Bain + Lehman Bros. DDI stock dump looks bad…really bad

workingclass artist on January 11, 2012 at 9:37 PM

Yes, federal criminal investigations were pursued.

“In one instance documented by the SEC, a Lehman Brothers analyst admitted issuing a “1-Buy” rating for the stock of Bain Capital–owned DDi, when he believed that the shares were actually overpriced. Lehman Brothers’ investment bankers were handling DDi’s transactions, and, according to federal prosecutors, DDi and Bain Capital managers were “pushing hard” for the positive stock rating from Lehman’s research arm in exchange for the business.”

ZGMF_Freedom on January 11, 2012 at 10:01 PM

Hey, this is what capitalism is all about. If it is considered immoral to pump a company to look good for a short period of time, and then con people into investing into the sure to fail company making you hundreds of millions of dollars, then we can have no capitalism, because we all know that it only works when you can part other people from their wealth through subterfuge! Honest dealings is for the suckers, real capitalism relies on lies and leverage.

astonerii on January 11, 2012 at 10:13 PM

Attacking Bain to get Romney is about as smart as blowing up your house in order to kill the mouse in the basement, Mr. Class Warfare.

Gelsomina on January 11, 2012 at 9:47 PM

So tell the rest of the class who forced Romney to boast about his jobs creation record at Bain and tell ordinary Americans that since he’s not a career politician but a successful business man he’s qualified to be president?

In this economy Romney has as much chance to beat Obama as Hoover did against FDR.

Yeah…Mitt is a super duper political genius but I bet he knows what a supermarket checkout scanner is I’ll give him that.

workingclass artist on January 11, 2012 at 10:25 PM

ZGMF_Freedom on January 11, 2012 at 10:01 PM

Karma Dominoes

workingclass artist on January 11, 2012 at 10:26 PM

workingclass artist on January 11, 2012 at 9:32 PM

I never wanted Mittens, but hey, I can’t stand the rhetoric used to attack him. It is everything Rush, Levin, and the backbenchers stand against.

antisense on January 11, 2012 at 10:27 PM

Okay, so investment companies are evil. What should President Perry do to prevent them from doing their evil deeds? He hates them, as we know. He calls them looters. What kind of statist legislation and market intervention can we expect from Perry to get rid of investment companies? Hmmm? He’s going to have the support of Dennis Kucinich, that’s for sure. Doesn’t that make you feel better?

Gelsomina on January 11, 2012 at 9:38 PM

Where did anyone claim investment companies are evil in this thread? Point it out to me. What does feeling have to do with anything? I don’t use my feelings to think, I use my brain. Liberals use emotional appeals. Mitt Romney is running in the republican primary with a conservative base, he can try appealing to their emotions, and he can stay stuck at 25%.

Dr Evil on January 11, 2012 at 10:42 PM

I’m a mitt supporter. better for this hatchet job come out now then be sprung just before election.

gerry-mittbot

gerrym51 on January 11, 2012 at 10:45 PM

24m-end: Sob stories. Romney speaks French. ZGMF_Freedom on January 11, 2012 at 9:22 PM

Trust me it’s the Paris talk that’s going to do Mitt in. Remember when John F Kerry was campaigning for President of the U.S. in France?

Dr Evil on January 11, 2012 at 10:49 PM

Politics sure brings out the ugly in some people……..

Barred on January 11, 2012 at 10:50 PM

I’m a mitt supporter. better for this hatchet job come out now then be sprung just before election.

gerry-mittbot

gerrym51 on January 11, 2012 at 10:45 PM

That’s the spirit mittwitt keep your chin up.

Dr Evil on January 11, 2012 at 10:50 PM

I never wanted Mittens, but hey, I can’t stand the rhetoric used to attack him. It is everything Rush, Levin, and the backbenchers stand against.

antisense on January 11, 2012 at 10:27 PM

I never heard a single one of those commentators explain that 1200 mile river encompasses the Texas border they just lied about the border.

Cry me a river

It’s politics and it’s Romney’s turn

workingclass artist on January 11, 2012 at 10:58 PM

Newtron Bomb

StubbleSpark on January 12, 2012 at 2:04 AM

Famous turning points in political careers:

Christine O’Donnell: When she announced to viewers in Delaware, “I am not a witch.”

Rick Perry: When he insisted on national television, “If you don’t like the Dream Act, you are heartless.”

Michelle Bachmann: When she had Ed Rollins go on CNN and blast Sarah Palin.

Newt Gingrich: When he began attacking capitalism in order to get back at Mitt.

Newt, you’re gone. Goodbye.

Burke on January 12, 2012 at 2:38 AM

Burke on January 12, 2012 at 2:38 AM

No one is attacking Free Market Capitalism. Certainly not Newt Gingrich, but I understand this is Romney’s Achilles HEEL As Mitt says, “GETTING YOUR BAIT BACK !” so Mittbots have to play pretend it’s not Romney’s phony job creating abilities during his tenure at Bain Capital, that Newt Gingrich is attacking. After all Capitalism and Bain Capital both have “Capital” in the title.

Mittbotts this is your mission if you are willing to accept it. Leave comments everywhere on the internet blogs, that Newt Gingrich attacking Mitt Romney’s record at Bain Capitol is attacking the Free Market. If you chose to take this mission, and you FAIL, any knowledge of your assignment will self destruct….Cue Mission Impossible music SNARK.

Dr Evil on January 12, 2012 at 8:41 AM

Good flick man…Wow!!

I want to point out….American Exeptionalism is NOT being displayed here with Mitt. I for one, have started two businesses. My first one failed…miserably….gave every effort to save my investment….and let my employee’s know “honestly” what could happen. My investment….my loss. That is Capitalism….not Corperatism. I now have a successful new business….my investment…and my rewards. If it fails…..I fail and again….my investment. Capitalist system.
With Bain…on thier “investments” on buying companies….the question is…did they buy those failing compainies knowing full well they were going to “liquidate” them. Also…what are the percentages of Bain’s “takeovers” where they “invested” and then “LOST” money. Remember…Capitalism is taking RISKS with investments. Win and LOSE. So…how many “losses” has Bain occurred with Corperate takeovers? There is a BIG difference between Corperatism and Capitalism. This is where I think Romney does NOT want to go….for whatever reason.
Whatever is said….in this time of our country’s problems….a Corperatism Candidate like Romney is just not going to win.
I for one, am glad that Newt has the nads to bring this to light in the primary. We still have a choice to go against Obama. EVERYONE knows full well that Axelrod and Obama would have exposed this and Romney would have been toast next November. Thank you Newt Gingrich Super PAC …..thank you.
Don’t shoot the messenger people……

One of seven deadly sins
:Greed: is the desire for material wealth or gain, ignoring the realm of the spiritual. It is also called Avarice or Covetousness.

coach1228 on January 12, 2012 at 9:18 AM

I’m a mitt supporter. better for this hatchet job come out now then be sprung just before election.

gerry-mittbot

gerrym51 on January 11, 2012 at 10:45 PM

Couldn’t AGREE with you more…

Don’t shoot the messenger….GOP or Dem…because no matter who it is….better now than later.

coach1228 on January 12, 2012 at 9:22 AM

Honest dealings is for the suckers, real capitalism relies on lies and leverage.

Your definition is VERY misguided.

You described in Bold as Corperatism greed not Capitalism.

Again…this is NOT a question of Capitalism or Corperatism….but rather a question of Character:

Greed:
is the desire for material wealth or gain, ignoring the realm of the spiritual. It is also called Avarice or Covetousness.

coach1228 on January 12, 2012 at 9:29 AM

10m: DDi. Bought by Bain in 1996. Pumped up for IPO in 2000. Dumped by Bain a few months later. Bankrupt in 2003. 2,100 jobs lost. Return on Investment – “he personally profited”?
14m:Ampad. 1994. Sold debt. Bankrupt 1999. ROI – “made over $100M”
16m-21m: More sob stories.
22m: Romney is rich. Bulldozed huge mansion to build bigger mansion. Worth $.25B. Class warfare.
24m-end: Sob stories. Romney speaks French.

Impression: However, the hard data presented is harmful and disturbing if true. Bain’s method of operation seems to be buying companies, overselling bonds and transforming the company’s debt into Bain’s income through various methods like stock buybacks and dividends.

Great Post!! I agree with your assessment on this.
It all goes back to the question of Character….and thus why this is so good that this be addressed now…not in October.
Now you can understand why the GOP establishment and thier pundants that are behind Romney are going ballistic.
If this is true…either one of two senerio’s will happen.
Primary process will eliminate Romney..and another candidate will emerge to be the GOP nominee
or

Romney is the nominee….and will lose decisively in November…especially if the Bain story is true.

But…good post workingclass artist..excellent!!

coach1228 on January 12, 2012 at 9:39 AM

If it turns out that it is true that Lehmann actually lied to “bait” investors, (“GETTING YOUR BAIT BACK“)… this takes on a whole other life.

Someone could go to jail.

I for one want someone like NEWT, who actually fights, going up against Obama. Mitt will turn into McCain during the election.

I anticipate some of the “suckered” investors to come forward soon. Maybe that’s why Mitt is waiting this out – to see who jumps out of the woodwork.

stenwin77 on January 12, 2012 at 9:46 AM

coach1228 on January 12, 2012 at 9:29 AM

You are right. It is very much distorted. It was intended to be exactly the definition that those trying to defend Romney are trying to make it out to be.

astonerii on January 12, 2012 at 9:57 AM

astonerii on January 12, 2012 at 9:57 AM

It’s really hard to defend Corperatism.
It does have a place in our system however, but one cannot be touting this type of business as “creating” jobs. If they are…then it IS a Character issue and WE…as American’s should question Motivation and Character of an individuals record…private and public.

For Romney…if this is true:

If it turns out that it is true that Lehmann actually lied to “bait” investors, (“GETTING YOUR BAIT BACK“)… this takes on a whole other life.

He will be deemed “unelectable”…it’s that simple.

coach1228 on January 12, 2012 at 10:10 AM

After reading most of this thread, the following posters receive 5 stars for the most logical fact driven comments.

workingclass artist
Dr Evil
ZGMF_Freedom
coach1228
astonerii

There were others, but these had the MOST comments.

Great job!!! So nice to read intelligent posts, instead of the ones that just personally attack Candidates/Commenters.

Posts like these are what keeps HA’s reputation in tact:-)

bluefox on January 12, 2012 at 11:09 AM

bluefox on January 12, 2012 at 11:09 AM

Thanks. I appreciate your support. It feels really lonely on the blog these days. Do not get me wrong, I am totally accustomed to being attacked, even en masse, but I am not accustomed to the up is down, left is right, and immoral is good arguments that people who claim to be conservatives have been using lately.

I really also am not accustomed to Rush Limgaugh and Fox News landing squarely on the liberal method of argument, which is, the debate is over, we won, so shut the hell up or we will call you anti-capitalists!

astonerii on January 12, 2012 at 1:16 PM

A 28 minute campaign ad?

Is this part of the special extended director’s cut of the really bad movie called “the 2012 GOP primary”?

RINO in Name Only on January 12, 2012 at 3:38 PM

astonerii on January 12, 2012 at 1:16 PM

I know where you are coming from. The tone of HA reflected a change prior to Palin getting out and Perry getting in. That’s when I noticed the nastiness. Not much logic or debate on the issues and a lot of personal attacks. From that point on and now that there have been two Registrations, it is worse. Some commenters aren’t worth my time in reading, let alone commenting to. I don’t consider them Conservative at all. I’ve been to this rodeo before (2007/2008/2009/2010) and recognize the pattern by the non-logic.

On Rush/Fox, I was shocked on Tues (I think it was) listening to Rush’s comments. Came close to shutting his program off. He missed the entire point that Newt was making as well as Hannity, et al.
Apples to Oranges in my opinion. My term for what Romney was doing and I think what Newt was saying is Godless Capitalism. Morals matters and if one doesn’t like that word, they can replace it with motive. Just because something is legal doesn’t mean it’s moral. The end does not justify the means, so motive is more important than legal as far as I’m concerned. Then some things are illegal and immoral, LOL

Some commenters just like to argue or change the subject. Many are uninformed and aren’t as smart as they think they are. Too many know it alls not understanding repeating an opinion isn’t always a fact.

Keep up the good fight. Those that appreciate it add to their knowledge; others don’t matter:-)

bluefox on January 12, 2012 at 7:14 PM

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