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Mitt's Bain Pain Goes South

Posted: 01/11/12 12:27 AM ET

It's a state bordering on 10 percent unemployment having suffered decades of plant closings at the hands of Wall Street predators. Will South Carolina voters be receptive to the argument by Mitt Romney's GOP rivals New Gingrich and Rick Perry that his record in business as CEO of Bain Capital renders him unelectable?

Here's how Perry put it in a midnight interview with CNN's Piers Morgan:

There is a real difference between a venture capitalist and a vulture capitalist. Venture capitalists are good. They go in, they inject their capital, they create jobs. Bain Capital on the other hand, it appears to me, were vulture capitalists all too often. I don't get confused for a minute that Barack Obama and his team wouldn't attack Mitt Romney on that during a general election on that if he makes it that far. If nothing else we're doing Mitt a favor by exposing him early on so that he can either figure out how to defend that or, more importantly and better from my perspective, he's not the nominee to begin with.


So far Romney has not met the merits of the charge, but instead defended in two ways: By claiming that his rivals are attacking capitalism, and accusing them of joining the Democrats in making these charges.

Given the momentum of his early victories Romney might be able to brush aside Republican foes with such deflection. But at some point he'll need a substantive answer for his record -- and especially for his much maligned claim that he created "100,000" jobs at Bain Capital. Otherwise, this story is his Swift Boat to defeat in November.

 
 
 

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nothingchanges
too soon old, too late smart
09:33 PM on 01/11/2012
"Mitt's Bain Pain Goes South"

IMPO...............With any luck at all it will go about 3 feet South, thus making it much more "noticeable" to him,

when he goes back to screwing the middle class................
08:51 PM on 01/11/2012
The real danger for Republicans isn't so much the attacks on Romney's Vulture Capitalism, the danger is that his defenders will defend Vulture Capitalism. The Rush Limbaughs of the right aren't saying "Romney wasn't a Vulture Capitalist", they saying that Vulture Capitalism is good, it is a Republican Value.

They are doubling down, in a way that puts everybody who is mad at corporate influence, mad about outsourcing, mad about anything in the business world as socialists, OWS, and therefore so far outside the Republican Party that their votes will not be courted at all.

There is a battle for the soul and brand of the Republican Party. The Republicans are rallying around Romney because he is the frontrunner, and they wish to avoid a long drawn out battle that would weaken them for the general election. But energetically associating themselves with Romney could taint (further taint) the entire Republican Party as the party of the 1% and only the 1%.
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dporterdvd
Progressives won 1890-1920. Time to win again.
07:16 PM on 01/11/2012
I want the POTUS to be an eagle.

Romney is a vulture who will help the greedy one percenters pick the middle class to the bone.

I hope the middle class voters in South Carolina stop Romney and his ruthless, rich friends before their feeding frenzy begins.
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emmanuel kalu
commonsense
06:20 PM on 01/11/2012
Like most republicans supporter, republicans supporters would vote against their own self interest and vote for Mitt. Mitt is simply out to loot this country at the expense of the middle class and poor. Venture capitals are out in silicon valley growing small start up, creating well paid jobs, growing companies. What bain did, was loot companies for their best assets and then leverage the rest in so much debt, it went under. lets no count the low paying staple, pizza joint jobs.
madkoz
Dog is my co-pilot
04:14 PM on 01/11/2012
Romney is the establishment candidate. The establishment is why we are in Iraq, why Gitmo is still open, why the banks got bailed out, why the rich got tax cut after tax cut during war, why there is no draft and why our country is failing. The establishment destroyed the middle class before Obama took office. The establishment wants to connect some boogeyman called European Socialism to Obama's presidency. The establishment offshored the jobs, the establishment wants no universal healthcare, social security or medicare. The establishment uses things like the war on xmas, gay marriage, the drug war, sodomy and choice as diversions to keep you from realizing whats going on. Stop blaming Obama and don't vote against your interests which is what Romney represents.
DianneinCA
running forward, laughing...
04:10 PM on 01/11/2012
Romney has known this problem existed for years. He doesn't want to run on his record as governor of MA so he picked what he thought was the lesser of the two evils. Hoping his base would embrace his 1% shenanigans, and they might have pre-OWLS, but no more. He might try to pivot after he wins the nomination but Democrats aren't going to let him, and his party is not solidly behind him. Should be interesting.
03:56 PM on 01/11/2012
Holy smokes! I agree with Rick Perry!
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marignymitch
E pluribus unum percent
03:51 PM on 01/11/2012
You can bet they will. Southerners heart their corporate masters.