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Etch A Sketch Romney: Toy Maker's Stock Surges After Gaffe

Posted: 03/22/2012 6:21 pm Updated: 03/22/2012 7:56 pm

Etch A Sketch Stock

Mitt Romney is proving he can be good for business, but this probably isn't what he had in mind.

Bloomberg reports that the maker of the Etch A Sketch toy saw its stock surge on Thursday. The share price of Ohio Art Co. nearly tripled days after Romney's campaign aide, Eric Fehrnstrom, told CNN, "You hit a reset button for the fall campaign. Everything changes. It’s almost like an Etch A Sketch. You can kind of shake it up, and we start all over again.”

Romney's opponents have pounced on the gaff, describing it as further evidence that Romney's political positions are unpredictable and inconsistent.

The Associated Press reports that Ohio Art is thrilled to be a part of the national conversation. The company sent a huge box of Etch A Sketches to all the presidential campaigns as a thank you gift, according to the AP.

Whether or not the Etch A Sketch maker will give a more lucrative "thank you" to any candidate remains to be seen.

Talking Points Memo notes that Ohio Art Chairman Bill Killgallon has donated to Republicans in the past, but as of now, he has yet to donate to any presidential campaign.

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Mitt Romney is proving he can be good for business, but this probably isn't what he had in mind. Bloomberg reports that the maker of the Etch A Sketch toy saw its stock surge on Thursday. The share...
Mitt Romney is proving he can be good for business, but this probably isn't what he had in mind. Bloomberg reports that the maker of the Etch A Sketch toy saw its stock surge on Thursday. The share...
Filed by Simon McCormack  | 
 
 
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08:48 AM on 03/24/2012
Bernanke's new financial plan: Quick! Somebody increase taxes on Etch-A-Sketch!
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CHARLIE X
Yield to the logic of the situation.
02:08 AM on 03/24/2012
he thought it was the new iPad!
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tomjefferson2005
Obama, House, Senate 2012 for the sake of America
05:40 AM on 03/24/2012
Maybe Santorum is receiving messages from Jesus via the Etch A Sketch. Only through Mother Mary though.
HUFFPOST SUPER USER
hpsuksnads
I don't need no stinking micro-bio
11:12 PM on 03/23/2012
I use to live down the street from Ohio Art (Bryan Ohio). To bad they don't make the Etch-A-Sketch in the USA anymore.
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tomjefferson2005
Obama, House, Senate 2012 for the sake of America
05:42 AM on 03/24/2012
Your source?
frankc354
it's only rock and roll but I like it
10:30 PM on 03/23/2012
these guys remind me of the rockem sockem robots,they just keep knocking each others block off
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HUFFPOST SUPER USER
ruthem
Willful ignorance is NOT a virtue!
10:13 PM on 03/23/2012
Romney strikes me as no more or less a liar and hypocrite than many in his party who ran for the House, Senate, or a governorship. They ran on jobs, balancing budgets, etc. and once elected proceded to pass laws to break unions, enrich the already wealthy at the expense of the poor, attack women's access to health care in the name of anti-abortion, and limit the right to vote to win by trickery what they could not win honestly once their true agendas were exposed. How, exactly, is Romney different except he's more transparent and clumsy in his nonsense?
09:53 PM on 03/23/2012
Capitalism is wonderful.
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jhjohan
10:22 PM on 03/23/2012
YES it is --you can be a nobody one day ( Like Sam Walton ) and work your way , to be a billionaire , without riding on the backs of taxpayers !! That's what the U.S . is built on !Want something different ... feel free to move to Russia .. that's another freedom ! USE IT !!
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tomjefferson2005
Obama, House, Senate 2012 for the sake of America
05:48 AM on 03/24/2012
They're millionaires in Russia. Why don't you know that?
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HUFFPOST SUPER USER
joynerz
Right to free speech is not a requirement to do so
09:44 PM on 03/23/2012
Sounds too much like Kim Jong Un. Sorry, not for me.
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HUFFPOST SUPER USER
Charles L Gray
09:42 PM on 03/23/2012
BREAKING NEWS FROM OUR CORRESPONDENT IN THE ASIAN MARKETS- ALL ETCH A SKETCH'S ARE SOLD OUT. THE CHINESE AND JAPANESE MARKETS HAVE RISEN 150 POINTS. A REPRESENITIVE FROM THE ROMNEY CAMPAIGN SAYS MU GUC CI PAN!
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HUFFPOST SUPER USER
joynerz
Right to free speech is not a requirement to do so
09:45 PM on 03/23/2012
...didn't even know etch-a-sketch came in Chinese.
09:25 PM on 03/23/2012
Free market at its best.
09:19 PM on 03/23/2012
Come on Mitt...take a whack at Play Dough....you Silly Putty!!!!
08:49 PM on 03/23/2012
Ok........we have heard HP's version about the stocks surging, so now lets go somewhere and hear the truth. They must think Americans are as stupid as the president does. When will it end??
08:46 PM on 03/23/2012
obama has been the worst president and all they can talk about is etch a schetch. why are we not speaking about obama crony john corzine//who they now have by the balls..lets see what that totally incompetent obama appointed eric holder DOES NOT do with theis NO BRAINER.. He will totally F____k it up..on purpose of course...so corzine can send money to obama.
Jimsoutside
Work in progress
09:40 PM on 03/23/2012
Hate much?
HUFFPOST SUPER USER
dws51564
History doesn't repeat itself ignorance does
08:43 PM on 03/23/2012
Funny that's the most accurate thing Mitt has said so far.
fisch123
For those of you who don't know 1T = 1000B.
08:38 PM on 03/23/2012
Now we understand what the price of stock really reflects.
08:33 PM on 03/23/2012
Such comments are usually when the speaker thinks he/she is not on mike. This guy must be suffering from lack of sleep (or spontaneous honesty).