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Gov. Martin O'Malley Urges Dems To Focus More On Romney's Governing Record, Less On Bain

Omalley Romney Bain

First Posted: 01/17/12 11:31 AM ET Updated: 01/17/12 01:03 PM ET

WASHINGTON, D.C. -- At least one top Obama surrogate is pushing for the party to shift the balance of its attacks on Mitt Romney away from his days in private equity and on to his time in the public sector.

In an interview with the Huffington Post shortly before the Republican presidential debate in South Carolina Monday night, Maryland Gov. Martin O'Malley argued that voters would have an easier time understanding charges that Romney failed to create jobs while governor of Massachusetts than they would understanding accusations that he was a corporate raider while at Bain Capital.

"Bain is a little complicated for people to follow," said the Maryland Democrat, who was in the Palmetto State to do some pre- and post-debate spin on behalf of the Obama re-election campaign. "I think people also understand what their governor does and what their mayor does. The most personal votes people cast is for mayor and a president and in between there is governor ... to have a 47 out of 50 ranking in job creation to show for it, there are some jobs like governor and mayor where you have to produce and [Romney] didn't."

The head of the Democratic Governors Association, O'Malley comes to the argument from the vantage point of a politician constantly graded for the performance of his and others' states. He didn't dismiss the relevance of going after Romney's time at private equity firm Bain Capital -- which has come under withering scrutiny from fellow GOP candidates and the Obama re-election team -- calling it far more akin to "money manipulation" than anything related to creating jobs.

But, O'Malley added, it was a "clearer contrast" for the Obama re-election team to home in on Romney's time in the statehouse, in that it would give voters the type of apples-to-apples comparison that worked best for a political campaign.

"I think a point that needs to be emphasized was that in easier times when he was governor of a pretty innovative state, Massachusetts ranked 47th out of 50 [in job creation]," he said. "You contrast that to the tougher times we have now, under Governor Deval Patrick's leadership, Massachusetts is 5th in the nation."

Aides to the president's campaign have been surprised at how quickly Bain Capital has emerged as an issue in the Republican primary, having calculated (inaccurately) that Romney's opponents would make his time as governor a weight on his campaign. Certainly, the expectation was that Gov. Rick Perry (R-Texas) and now-former candidate Jon Huntsman, also former governor of Utah, would have pushed hard to contrast their gubernatorial records rather than let the primary descend into a debate about private equity's role in capitalism.

But Romney's Massachusetts days haven't been completely ignored. They came up during the debate on Monday night, with the candidate having a ready answer.

"We were fortunate to have an unemployment rate by the time I left office of 4.7 percent. Sounds pretty good today," Romney said. "And I was also proud of the fact that we balanced the budget every year I was in office. We reduced taxes 19 times, put in place a rainy day fund of over $2 billion by the time I left.

"And so my record is out there, proud of it, and I think that if people want to have someone who understands how the economy works, having worked in the real economy, then I'm the guy that can best post up against Barack Obama," he said.

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WASHINGTON, D.C. -- At least one top Obama surrogate is pushing for the party to shift the balance of its attacks on Mitt Romney away from his days in private equity and on to his time in the public s...
WASHINGTON, D.C. -- At least one top Obama surrogate is pushing for the party to shift the balance of its attacks on Mitt Romney away from his days in private equity and on to his time in the public s...
 
 
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Michaela19801
Dante's Inferno aka GOP
08:15 PM on 01/17/2012
Romney's whole stump speech is "Obama is bad. Obama is a failure" blah blah .

Romney had a real job ? Seriously?
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Michaela19801
Dante's Inferno aka GOP
08:13 PM on 01/17/2012
He reduced taxes 19 times in 4 years ?

Oh I get it. He raised "fees".
07:28 PM on 01/17/2012
Romney is a phony from whatever angle you look at him from. He was not a job creator as governor. He was a job destroyer in the private sector, playing corporate raider and vulture capitalism. He lied about how he lived as a missionary in France. He thinks $350,000 in speaking fees is not all that much. He has scammed the tax system to the max. He inherited great wealth, and built even more wealth with a hefty head start. He has not really done anything in a genuine fashion -- handing out $50 to a struggling worker in an almost insulting fashion, making $10,000 bets. He has not served his country in any way, shape of form. Let's keep the whole picture before the American people.
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ProfessorBucket
Just act natural and keep moving
06:44 PM on 01/17/2012
"... then I'm the guy that can best post up against Barack Obama," he [Romney] said.

Ah, the locker room worldview. Normal Americans are squashed by the moneychangers and Mr. R is thinking in pick-up-game-at-The-Club terms. He's day-dreaming about his winning 3-pointer at the buzzer and the victory brunch with his buddies. Meanwhile, back in reality ...the grind continues.
06:41 PM on 01/17/2012
Rmoney really needs no attacks....just give him a microphone!!!!!

He so rich that he's too stew.pid to shut up about it....
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Bogey907
Overfed, long-haired, leaping gnome
06:58 PM on 01/17/2012
Yeah, but "airstrike" sure has a nice ring to it...
06:11 PM on 01/17/2012
Forget about vulture capitalism? But this is what we need to talk about to explain where and how the money went to 400 plutocrats who now have more wealth than 150,000,000 Americans at the economic bottom. Yes, there is wealth redistribution and it moves up, up, up! Yes, as Buffet said: --"There is class warfare and we are winning it". Even Rick Perry got it --but the Democrats are still fearful and ready to compromise--even as they moved right off Nixon's economics and social policies.
Going after Wall Street mafia is not communism---Obama's weakness for them made him suspect both to the OWS protesters and Tbags.
We need to expose both vulture and crony capitalism as fundamentally anti-American, anti-democracy and anti-middle class . The ruling class is anti-government --even as it feeds on it more than the average person- because it risks nothing: like in Somalia, Mexico or Russia they can always hire mercenaries to protect them when the government collapses.
05:52 PM on 01/17/2012
I don't think that anyone knows the real Romney but his time at Bain Capital says a lot. He made money for the company (and himself) while cutting jobs and sending jobs overseas. He also did not create many jobs during his time as governor.

The only people that a President Romney would be good for are: big business and the uber rich.
HUFFPOST SUPER USER
alferrer
06:58 PM on 01/17/2012
It would be much better for Obama and the Democrats to leave Romney aside and remind voters of the spectacular positive transformation he and the Democratic Congress brought to this country. It would be much more effective than attacking Romney.
Hmmm....
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HUFFPOST SUPER USER
Recovering CPA
05:31 PM on 01/17/2012
It's important for Obama to attack his opponent because the alternative is to run on his record.
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HUFFPOST SUPER USER
Playlist
Ain't nothing like the real thing
05:44 PM on 01/17/2012
A record of pulling us out of a great recession....
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Matt Chernesky
Little Gay Monster on HuffPost
06:40 PM on 01/17/2012
A record of strengthening equality for Americans....
04:52 PM on 01/17/2012
Martin speaks very well and seems very human...Americans need to have 'more human' leaders. Mitt is like a waxed plastic floor, about as human as a 'pet rock'..
04:39 PM on 01/17/2012
Here is how it works....:
Managers of private equity firms like Romney are often paid under an arrangement in which they receive both a set fee for their management, as well as a share of the profits that the firm makes for investors. While their management fees are taxed at normal income tax rates, the share of investor gains that go to a private equity manager (called "carried interest") are treated as capital gains, and thus taxed at a top rate of 15 percent. (Hedge fund managers and partners in real estate ventures also benefit from receiving carried interest.)

The argument for a lower capital gains rate is that it encourages investment. Whether that's true or not, private equity managers are allowed to pay the capital gains rate on the profits they make managing someone else's money, not for any risk that they take themselves. Treating carried interest as capital gains is "tax robbery"......
From there you call your friends get their money, raid a couple businesses, not risking any of your own capital, and essentially live off the "fat" That is "trickle down economics" Now what's that wet dripping feeling your getting on your head???
05:53 PM on 01/17/2012
Great explanation.
04:26 PM on 01/17/2012
Mitt is full of it.CEO of The United States of America.Replace the Eagle with the Vulture.
04:50 PM on 01/17/2012
Not again, we we already have a vulture in the white house
04:54 PM on 01/17/2012
Until the American people decide that corporations (which are chartered by state governments) are NOT people nothing will or can change.

Its up to the people. But right now Americans have bought into corporate communism, the belief that we are here to serve corporations.
05:18 PM on 01/17/2012
How so?
04:22 PM on 01/17/2012
Recession in 2012

The interconnectedness of global activity will serve to further destabilize the global financial system in 2012. Although the federal government debt to GDP ratio is surging past 100%, if private indebtedness is included our debt to GDP ratio exceeds 350%. The same calculation reveals a debt ratio of 490% in Japan, 443% in Euro currency countries, and 459% in the United Kingdom. Similar to the U.S., their growth rates are also falling rapidly. In fact, there is compelling evidence that Europe and Japan have already entered recessions. 

The actualization of a recession in 2012 will be especially difficult for the average American in that we have not really recovered from the previous recession ending in 2009. This obviously is not a typical business cycle; rather, we may be in the midst of what Harvard historian Niall Ferguson titled a "slight depression." The reason for recession, has recovered off its recessionary low in 2009, but is still about a half trillion dollars below where it was in 2008. Industrial production is still off 5% from its peak and no higher than in 2005. Full time employment is at the same level as in May 2000, despite a 28 million person increase in population and a 11.4 million rise in the labor force. Real median income stood at $51,800 in 2007, but for the first time ever has declined in this recovery and now stands at an estimated $49,400, a 6.4% drop from the previous peak. These statistics painfully
04:36 PM on 01/17/2012
Yes leveraged debt in the world exceeds total wold GDP by many times and the estimates are mind boggling.Central Banks main objective is the preservation of asset value to maintan wealth and insure the return to the trust fund investors so what is the point of your statement.We are all debt slaves to the finacial elite that live of the inheritted wealth of their families and it has been generational.Nice conversation for the quiet rooms in the Blindenburg Society.
04:37 PM on 01/17/2012
I know that you found this somewhere and said to yourself, hey this sounds great, so I will copy and paste it over and over and over again on every thread no matter what it is about, and people will think I am so smart, but hey enough is enough. Stop spamming up every thread with this cr@p. If you have nothing of intelligence to say then just go away.
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mrfreeze
A Disciple of Nietzsche
04:17 PM on 01/17/2012
I've said this on numerous threads: Mr. Romney should run for CEO of the Chamber of Commerce, not President of the U.S.. He's proven himself to be a successful venture capitalist......so what? In many ways, this experience is antithetical to the running of a govenment. We've seen "business man" presidents before (remember GWB?) and the experience hasn't really translated all that well.
05:19 PM on 01/17/2012
Good point. There is no comparison between running a business and running a company.
05:20 PM on 01/17/2012
*running the country
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forty8r
Gerrman Freethinker
04:13 PM on 01/17/2012
Guys like Romney are the problem not the solution. His tenure at Bain is extremely important to emphasize because that is where he acquired his wealth and his attitude on how govenmnet should function.
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TheEmptyMonty
President of Antarctica
04:07 PM on 01/17/2012
The Republican party confuses me to no end. They go on and on about the free market and capitalism and no class warfare and don't blame the rich, but now they have a guy running who's the epitome of all of that, and they're attacking him for it? I don't get it. And I strongly suspect that's because it doesn't make any sense.