Perry backer bails over Bain attacks

posted at 1:20 pm on January 12, 2012 by Ed Morrissey

Rick Perry has been campaigning in South Carolina since the Iowa caucuses, looking for a game-changer.  He may have found one, but not in the nature he was seeking.  As a consequence of joining Newt Gingrich’s attack on Mitt Romney over his private-equity experience, one of Perry’s big donors has quit — and switched to Romney:

One of Rick Perry’s leading financial supporters in South Carolina is defecting to Mitt Romney – and he told CNN Thursday that Perry’s sharp criticisms of Romney as a “vulture capitalist” were the main factor in his decision. …

Barry Wynn, the former chairman of the South Carolina Republican Party and a financial adviser in Spartanburg, said the escalating rhetoric about Romney’s business background is “destructive.”

“It’s just a dance I didn’t want to be a part of,” Wynn said in an interview, explaining his decision to leave Perry’s campaign.

Wynn, along with a handful of other previously neutral South Carolina moneymen, will publicly endorse Romney on Thursday.

“This latest attack, it’s so foreign to me, I couldn’t see myself being a part of that,” he explained. “I don’t think you can be on both sides of free market capitalism. A big part of me being a Republican for the last 40 years is that I think it’s the best hope to protect free market capitalism, the growth engine of our economy.”

There could be some populist cred for Perry if big donors tied to Wall Street start leaving him, but that’s a big trade-off for the funding Perry desperately needs in South Carolina.  If he can’t put ads on the air and compete with Romney, Santorum, and Gingrich, then Perry won’t go anywhere in his last-gasp effort to stay in the race. He’s already at the bottom of the pack in the latest Insider Advantage poll, at 5%.  Even Jon Huntsman scores better than Perry in South Carolina, at 7%.

The defection of Wynn looks a like a more principled version of what happened to Michele Bachmann in the last few days of the Iowa campaign. It’s likely to produce the same effect for Perry in South Carolina as it did for Bachmann in Iowa, which is to create the impression of an imploding campaign.


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And just because someone claims that something is immoral that doesn’t mean that it is.

blink on January 12, 2012 at 9:56 PM

To those that have no morals that is most likely true. But those of us that do have morals, it is. I hope after all of your comments on most of the HA threads that you aren’t saying that you can’t tell right from wrong. That would make all of your comments invalid. Stop and think once in a while.

bluefox on January 12, 2012 at 10:02 PM

No, it’s stop lying or we will shame you with the title of liar. It’s a title that you have already earned.

blink on January 12, 2012 at 9:59 PM

So lying is a moral issue after all with you? Try to be consistent.

bluefox on January 12, 2012 at 10:05 PM

I could on but his should provide for clarification for the un~under~educated leftist lurkers who remain ( by choice or lack of information) in ranks of the elite ignorati.

DevilsPrinciple on January 12, 2012 at 9:20 PM

You remind me of M.O. since you have that same elitist attitude, LOL

bluefox on January 12, 2012 at 10:11 PM

Just because someone claims that Mr. XYZ was engaging in immoral business practices doesn’t mean that Mr. XYZ was actually engaging in immoral business practices.

Do you agree?

blink on January 12, 2012 at 10:15 PM

Well of course I agree to that. An accusation isn’t proof of anything. There would have to be some records of some sorts or testimony available to back it up.

After reading your one comment I see now that the key word was “claims”. I missed that on first read, sorry.

Going to front page to see what new thread is up:-)

bluefox on January 12, 2012 at 11:24 PM

This is as good a thread as any to post in, I guess. So here goes:

McCain said today on Fox and Friends that to attack Romney on Bain was to attack “the very essence of the Republican party.” Since Bain is being accused of being ruthless and destroying peoples’ lives, and if proven true, then McCain is arguing that the “essence” of the GOP is ruthless and detroys peoples’ lives. Tying the party this closely to one candidate is dangerous. It will make the stereotype that the Left has always painted of the GOP — the stereotype we have always fought against — true. Gee, thanks, McCain!

McCain is a hypocrite. In 2008 he attacked Mitt on Bain by saying that Bain “laid off thousands of workers.” Yet today he said — in an interview with Megyn Kelly — that anyone who argues against Bain’s practises is a “communist”. I guess McCain is calling HIMSELF a commie because of what he said four years ago!

My fellow HA posters: think about who you are agreeing with when you defend Mitt. You are agreeing with McCain! The man we have loathed here ever since he supported amnesty; remember how we all used to call him “McShamnesty”? And you are defending a known liar: Mitt. Mitt lies about everything. How can you be so sure that what Mitt did at Bain was “good” and deserves to be defended? This is a man who is liberal to his core, he is NO conservative. There is every chance in the world that when he was at Bain he acted like a liberal there, too. In fact, BAIN has given more campaign cash to socialist OBAMA than to their old pal, Mitt. How can we say that Bain is conservative and capitalist when they prefer a socialist in Obama? Heck, Mitt himself gave MA SOCIALIZED medicine! Mitt likes socialism, too.

Mitt is no conservative and the practises you are defending are not good old American capitalism.

Remember who it is you are defending here. The biggest RINO of all with RINO friends (McCain).

Aslans Girl on January 12, 2012 at 11:29 PM

So far, all that is alleged about Bain is true. Bain really did gut pensions and then dump the gutted pension funds on the taxpayer when they got $44 million from the PBGC. Taxpayers paid for those pensions because Bain gutted them (while lining their own pockets).

http://www.reuters.com/article/2012/01/06/us-campaign-romney-bailout-idUSTRE8050LL20120106

What’s more, a federal government insurance agency had to pony up $44 million to bail out the company’s underfunded pension plan. Nevertheless, Bain profited on the deal, receiving $12 million on its $8 million initial investment and at least $4.5 million in consulting fees.

Aslans Girl on January 12, 2012 at 11:33 PM

Gingrich and Perry have totally jumped the OWS shark. I’m going with Santorum, then Romney.

G & P attacking the essence of capitalism like a couple of Alinski-ettes. Just turns my stomach.

DaMav on January 13, 2012 at 12:46 AM

All this flame war garbage going on the thread.

Back to the point of the article:

Newt and Perry messed up royally and proved they aren’t presidential timber.

scotash on January 13, 2012 at 4:34 AM

So far, all that is alleged about Bain is true.

Aslans Girl on January 12, 2012 at 11:33 PM

Aslan Girl, please stop the dishonesty in your pathetic attacks against Romney and free enterprise. We know that you are infatuated with Rick Perry, despite the fact that Rick Perry is an incompetent buffoon with a floundering campaign, but I find it disgusting the way you will take the side of Obama and the “Occupy Wall Street” bums by attacking Romney for practicing capitalism.

I realize that you probably rationalize your support for Obama’s socialist rhetoric by believing that anything that helps your guy Perry is okay with you. That’s sad.

The country will never, ever elect an incompetent bozo like Rick Perry who supports illegal alien amnesty and who goes after honorable, successful men like Mitt Romney for being honest, successful businessmen. Rick Perry is a joke!

Perry (like Newt) is desperate and, like Obama, all he can offer after everything else he tried has failed is class warfare and class envy. Turns out that Rick Perry is more than just an empty suit, know-nothing rodeo clown… he’s also a hypocritical, say-anything-to-win (including agreeing with Saul Alinsky and moveon.org) bottom-feeding politician who simply appeals to the lowest common denominator.

bluegill on January 13, 2012 at 6:20 AM

My candidate, Perry, has won EVERY single election he ever ran for in Texas.

Aslans Girl on January 12, 2012 at 9:17 PM

Madame, please take off your I-Love-Perry blinders and get yourself acquainted with the facts.

FACT: Rick Perry came in next to last in Iowa. This was despite spending more than almost every other campaign and spending months campaigning.

FACT: Rick Perry came in last in New Hampshire*. In fact, Rick Perry only got 0.7% of the vote! Yes, you heard that right. Rick Perry couldn’t even crack ONE PERCENT. So don’t you dare lecture me about Rick Perry’s alleged political appeal. (*I’m not counting Buddy Roemer)

FACT: Rick Perry is in single digits in South Carolina and is in the 1-3% rage in Florida, where he led at one point. (Of course, after Perry started opening his mouth and revealing what a buffoon he is, voters were startled and decided they couldn’t support such an ill-prepared man with no chance of winning any national election.)

Bottom line: Rick Perry has won EASY elections as a Republican in a very Republican state. Excuse me while I am not impressed.

PRO-ILLEGAL ALIEN AMNESTY RICK PERRY IS A JOKE! Rick Perry’s and Newt’s recent, desperate anti-capitalism rants to try to hurt Romney have only reinforced what we all already knew: RICK PERRY IS NOT PRESIDENTIAL MATERIAL.

bluegill on January 13, 2012 at 6:32 AM

Newt: We have to kill free market capitalism to save it!
Perry: Uh, duh, yah what he sed. Vulture capitalism.
Voters: Get the heck out of here, both of you.

TheTownsman on January 13, 2012 at 9:00 AM

I keep forgetting I’m supposed to shut up and do what I’m told so we can “get this over with”.

kg598301 on January 12, 2012 at 8:48 PM

No, you’re supposed to stop lying about candidates.

blink on January 12, 2012 at 9:58 PM

Show me where I’ve lied or shove off.

kg598301 on January 13, 2012 at 9:12 AM

Perry qualifies for both SC debates~

http://2012.talkingpointsmemo.com/2012/01/cnn-rick-perry-does-qualify-for-our-debate—-heres-how.php

kg598301 on January 13, 2012 at 9:14 AM

You lied about what we are saying. We’re not saying that Newt has to defend himself from attack but Romney doesn’t. We’re saying that Newt shouldn’t be attacking Romney with disgustingly misleading leftists talking points that only further OWS type beliefs.

Again, stop lying about it.

blink on January 13, 2012 at 9:36 AM

I never told anyone what they were saying. Show me the quote where I lied or go find someone else’s ankle to bite.

kg598301 on January 13, 2012 at 9:58 AM

This is untrue, and it’s defamation.

blink on January 12, 2012 at 11:44 PM

Well, then, I’m sure you can provide us with a link to the Complaint filed in court starting the lawsuit for damages arising from this defamation.

totherightofthem on January 13, 2012 at 11:22 AM

blink on January 13, 2012 at 10:50 AM

You’re wrong, of course. I’ve been told over and over again on HotAir to rally behind Romney so we can just get on with the nomination. Read any Romney thread and then tell me I’m lying. So I’m not wasting any more time addressing your silly accusations, or even reading your posts for that matter.

Maybe you don’t really understand what a lie is. That would explain why you support Romney.

kg598301 on January 13, 2012 at 11:50 AM

So far, all that is alleged about Bain is true.

Aslans Girl on January 12, 2012 at 11:33 PM

No, it’s not.

Bain really did gut pensions and then dump the gutted pension funds on the taxpayer when they got $44 million from the PBGC.

No, they didn’t. This is a lie.

Taxpayers paid for those pensions because Bain gutted them (while lining their own pockets).

This is untrue, and it’s defamation.

blink on January 12, 2012 at 11:44 PM

Maybe you need to read this. You sure use the word “lie” a lot.

Special report: Romney’s steel skeleton in the Bain closet
By Andy Sullivan and Greg Roumeliotis

KANSAS CITY, Missouri | Fri Jan 6, 2012 2:26pm EST

(Reuters) – It was funny at first.

The young men in business suits, gingerly picking their way among the millwrights, machinists and pipefitters at Kansas City’s Worldwide Grinding Systems steel mill. Gaping up at the cranes that swung 10-foot cast iron buckets through the air. Jumping at the thunder from the melt shop’s electric-arc furnace as it turned scrap metal into lava.

“They looked like a bunch of high school kids to me. A bunch of Wall Street preppies,” says Jim Linson, an electronics repairman who worked at the plant for 40 years. “They came in, they were in awe.
Apparently they liked what they saw. Soon after, in October 1993, Bain Capital, co-founded by Mitt Romney, became majority shareholder in a steel mill that had been operating since 1888.

It was a gamble. The old mill, renamed GS Technologies, needed expensive updating, and demand for its products was susceptible to cycles in the mining industry and commodities markets.

Less than a decade later, the mill was padlocked and some 750 people lost their jobs. Workers were denied the severance pay and health insurance they’d been promised, and their pension benefits were cut by as much as $400 a month.

What’s more, a federal government insurance agency had to pony up $44 million to bail out the company’s underfunded pension plan. Nevertheless, Bain profited on the deal, receiving $12 million on its $8 million initial investment and at least $4.5 million in consulting fees.

His supporters say the pension gap at the Kansas City mill was an unforeseen consequence of a falling stock market and adverse market conditions. But records show that the mill’s Bain-backed management was confronted several times about the fund’s shortfall, which, in the end, required an infusion of funds from the federal Pension Benefits Guarantee Corp…
The steel company declared bankruptcy in 2001. Romney continued receiving dividends from Bain after his departure. He accumulated a personal fortune of between $190 million and $250 million, according to campaign disclosure forms…

http://www.reuters.com/article/2012/01/06/us-campaign-romney-bailout-idUSTRE8050LL20120106

avagreen on January 13, 2012 at 4:24 PM

The good thing is that Perry got destroyed before he was able to destroy the country and take it further down the tubes like he did Texas.

Mcguyver on January 12, 2012 at 4:52 PM

You got that right sister!

What is it with those stupid Texans?

cozmo on January 12, 2012 at 4:57 PM

Talk about lying……how about both of yews coming up with some facts?

avagreen on January 13, 2012 at 4:39 PM

ZGMF_Freedom on January 12, 2012 at 5:23 PM

Like my earlier post—Newt and Perry kicked Romney in the balls to make voters aware of his vulnerability. And they are being called everything but children of God for doing so.

Sekhmet on January 12, 2012 at 5:26 PM

I can’t believe the howls from Romney’s fans over Romney’s being exposed because………..get this………..the leftists have found the same dirt and are using it……..so CONSERVATIVE Republicans are supposed to IGNORE it because (the Republican Establishment and Romney fans are saying so) even thogh he ACTUALLY DID WHAT HE’S BEING ACCUSED OF???

WTH? If this had been Perry, would the same rules been applied?
I’m seeing all the old lies being against Perry on this forum and others………is there anyone in the “Establishment” saying anything about THAT??!!!????

avagreen on January 13, 2012 at 4:49 PM

Maybe you need to read this. You sure use the word “lie” a lot.

avagreen, he/she/it obviously figured out that calling somebody a liar is a great way to get attention. It worked with me, but very briefly. lol

kg598301 on January 13, 2012 at 4:56 PM

kg598301 on January 13, 2012 at 4:56 PM

Agree, kg598301Honestly, seems someone needs to take, change, or increase their bi-polar meds.

Too, too much of the same type response in the last week.
And, yes, I am qualified to make that response: by education, 22+ years’ experience, and licensure. I think blink is female……just gives me that feel.

avagreen on January 13, 2012 at 5:20 PM

avagreen on January 13, 2012 at 5:20 PM

Well I’m no expert but I think there might be a little passive-aggressive action goin’ on there too. Ah, HotAir- you meet all kinds!

kg598301 on January 13, 2012 at 6:40 PM

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