A bigger problem than Bain?
posted at 1:44 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.









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I agree: a competent campaign would have prepared responses and arguments to roll out. It’s weird that you have seen essentially no response at all to these, the oldest of anti-Romney campaign themes.
That’s on the one hand.
On the other hand, though, it’s intriguing to see how little traction these attacks have received (even in the media) and how quickly the backlash turned the candidates who launched them into mush. Three days, and Newt’s political career is reduced to the point where Clyburn is the only local pol willing to show up at a Gingrich rally. Perry is at the point where, soon, only Current TV might be willing to have him on. Fox skipped right over him this morning.
Longer term, I’ve wondered if these attacks (and there are going to be wall-to-wall ads in South Carolina unless Sheldon Edelson asks for his money back) aren’t actually helping Romney. They are doing three things he couldn’t seem to accomplish on his own: 1) he’s looking more like a conservative, publicly defending free enterprise and looking to be fighting off the usual lefty smear job; 2) he is in part responding by better defining himself, including by revising his previously crappy economic plan to tilt it further towards serious tax reform, smaller government and less regulation (see CNBC interview this morning); and, 3) he is being vaccinated against these all-too-predictable sorts of attacks to come in the general. If Gingrich and Perry continue down this path and Romney doesn’t wilt (as he most definetly did not in New Hampshire, where 50% of the electorate made their minds up as they walked into the polling place), then these attacks will probably seem like old news when Obama uses them in the summer. The punch will have gone out of them, a little or a lot, because of the repetition. Same old, same old.
So while I agree with you I also think the campaign might be benefitting from the attacks. Intentionally or unintentionally, I can’t say, and if its a planned non-response its a strategy that’s both high risk and potentially brilliant.
MTF on January 11, 2012 at 2:09 PM
The GOP is doing its best ostrich imitation, insisting that people will “see through” the spin. Newsflash: they won’t. Romney is going to be painted as a heartless, greedy bankster and most people will believe it. Romney is a loser and its time folks woke up to that.
alwaysfiredup on January 11, 2012 at 2:30 PM
New Hampshire was going to go Romney no matter what. This attack is for South Carolina’s delectation, not New Hampshire’s. It’s too soon to say if it is working, and for whom.
I think it was going to take a shock like attacking Romney on Bain Capital to drive home the fact that Mitt Romney isn’t any more or less electable than the other candidates in the field. For a politician with Romney’s record, losing the electability narrative can be fatal.
Sekhmet on January 11, 2012 at 2:33 PM
LOL.
Rick Perry and Newt Gingrich have stated that, if I fire a non-performing employee, do layoffs in order to preserve my business, or make a profit, I am an evil cruel heartless person and the government should punish me.
Thank you. You’ve winnowed the field quite nicely by making it clear that Gingrich and Perry treat businesses exactly the way that Obama does.
northdallasthirty on January 11, 2012 at 3:11 PM
From a legal and business-minded capitalist point of view, there is absolutely nothing wrong with the sort of “vulture” tactics of companies like Bain. It is an important and necessary part of a dynamic economy.
On the other hand, there’s no reason anybody has to LIKE it. Indeed, insurance agents, tax collectors, and lawyers are also “necessary”, and plenty of us despise people who go into those sectors in order to enrich themselves. Somebody’s gotta do all these things, but they are the kind of thing that attract a certain sort of scumbags. Most of us would have a hard time living with ourselves if we were making our fortunes off others’ miseries. It’s a character thing.
And it really doesn’t help Flopney, since everything about him already screams “Slimey! Coward! Despicable fraudulent piece of crap!”
Daikokuco on January 11, 2012 at 3:16 PM
It’s been surreal watching the hysterical attacks on Bain.
lexhamfox on January 11, 2012 at 4:07 PM
Exactly. That’s all it takes to defend Romney against this attack, and that’s why its so odd the Romney campaign is sitting on their hands. These Bain attacks are softballs, or should be, for Romney. Thats why I’m guessing they’re saving their return fire for the general election
MTF on January 11, 2012 at 4:35 PM
While I’m still not a Romney fan, I don’t see the logic in attacking him this way – especially by anyone who is in favor of free market capitalism. I have no problem with what Bain did – some companies were turned around and made profitable, others were broken up and the pieces sold off. Companies that are not performing will either go bankrupt or be bought. Either way, any assets of value will be used or sold in the most economically feasible fashion – as determined by either the new owner or the bankruptcy court. That’s the harsh reality of true free market capitalism.
dentarthurdent on January 11, 2012 at 6:02 PM
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Allahpundit on January 12, 2012 at 1:28 AM