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Richard Geldard

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The Bain of Romney's Existence

Posted: 12/25/11 03:12 PM ET

On the eve of primary voting, we are more or less clear about Ron Paul's racist newsletters and the Gingrich sexual and financial affairs, but less clear about the relationship between Mitt Romney and Bain Capital. As in the case of Paul and Gingrich, this too is an issue of the soul.

For starters, think "Pretty Woman" -- not Julia Roberts, whose livelihood was an open book, so to speak, but rather the character of Edward Lewis, played by Richard Gere, whose job in life was to buy vulnerable companies, break them up into pieces, sell them for a huge profit and move on while workers lose their jobs in the process.

As we have learned now, Bain Capital is such a private equity company, buying struggling companies, breaking them up, laying off thousands of workers, and selling off the remaining pieces, if any. In a New York Times article, dated December 18, the relevant paragraph is this:

"Though Mr. Romney left Bain in early 1999, he received a share of the corporate buyout and investment profits enjoyed by partners from all Bain deals through February 2009: four global buyout funds and 18 other funds, more than twice as many over all as Mr. Romney had a share of the year he left."

He is still profiting from the company he help to found and then left thirteen years ago and is paying only a 15% tax rate on the millions in capital gains.

In "Pretty Woman" Edward Lewis has a change of heart and buys into a struggling business to build ships for the Navy, thus saving his soul, along with Julia Roberts, with whom he flies off to New York to live (well) happily ever after, just as Romney left Bain to save a morally bankrupt Winter Olympics and then fly off to Boston and another life.

The question of saving one's soul came up in a Time.com Romney interview (Dec. 22) with Mark Halperin, who began the interview with a direct question about state of Romney's soul. The gist of the question was this:

"David Axelrod, who, as you know, works for the President, says that presidential elections are MRIs of the soul. That over time, in the course, particularly of the general election, the country gets to know the candidates [and that] ...over time the country will know the Republican nominee? Will know the President? Their soul?"

And what was Romney's evasive reply? After questioning Obama's birth and early life, he said, "I also think that a campaign is about an MRI of the economy and the record of the incumbent." There would be no personal soul talk from Romney, and indeed, it seems clear he is incapable of engaging on that level of inquiry. When pundits accuse Romney of having no "core" it is soul they are really referring to, and it is Bain Capital that is the outward manifestation of a lack of soul.

President Obama's soul-searching book "Dreams of my Father" reveals the depth of an authentic soul and the willingness to reveal those depths to the world. Can we imagine Mitt Romney writing a book about his years at Bain Capital and the search for an authentic self? Won't happen. In his ending to "Pretty Woman," Edward Lewis pays off Julia Roberts, breaks up another company and takes off to find another to break up, just as Mitt Romney, if elected, would break up America and sell of the pieces to the ever hungry 1%.

 
 
 

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11:30 PM on 12/30/2011
Anyone voting for Flip-Flop Romney must have a few screws loose.
04:55 AM on 12/28/2011
Ron Paul is not a racist. Shame on you for writing something which every one knows is not true. This is called dirty politics and is something that we as Americans can do without. I will be voting RP in 2012. Any one who knows this good man knows that he is certainly no racist.
04:14 PM on 12/27/2011
Wow, from reading this I can't tell at all who the author has a bias for. Oh, wait...

I'm not exactly a fan of Romney, but to say that he has no soul is a bit much. Goes right along with the "George W. Bush is the anti-Christ" crowd.

I agree that the public needs to know more about the Bain - Romney history and that they should weigh that into their decision. But perhaps instead of saying things like "Mitt Romney, if elected, would break up America and sell of the pieces to the ever hungry 1%," we could examine voting records and positions on issues.

This article is ridiculous.
05:00 AM on 12/28/2011
The author is bashing every one. To call Ron Paul a racist is unthinkable in my book. But the U.S. can have Romney and Newt, I am going Ron Paul in 2012.
02:28 PM on 12/27/2011
Romney is a cool and calculating robot. He can't relate to the human condition. He tortured his dog for heavens sakes. That tells you all you need to know.
12:03 AM on 12/28/2011
lol, get a sense of humor
02:38 PM on 12/26/2011
Romney's father was an illegal alien from mexico.

See Utah if you want a fore taste of what Romney in office would be like.

Utah Governor Herbert pulled the winning contract bid out from under the winning contractor for the Core I-15 project, an Obama stimulus funded project, and gave it to one of his favored contractors, then gave a $13 M consolation prize to the contractor he just jilted... for nothing.

The Utah DABC (Dept of Alcoholic Beverage Control), the state entity that is the owner of all the liquor stores in Utah was caught giving preferential contracts to suppliers that were related to the chairman of the DABC.

Then there's the matter of UTA (Utah Transit Authority) and their greatly inflated salaries and real estate deals with foreknowledge of expansion to capitalize on certain development plans.

Utah's AG could never prosecute a polygamist and instead let Texas take care of Warren Jeffs. Now many women and children are being pushed out into the streets for the holidays because Jeffs is excommunicating them. A call has gone out to foster homes for these people.

If you liked the partial privatization of Medicare, known as the Medicare Prescription Drug Plan (Part-D) by Bush appointee, HHS Chair and long time former Governor of Utah, Michael Leavitt., then you'll love phase two of the same plan.

I could give you example after example of the nepotism, favoritism and outright fraud, extortion, embezzlement and hypocrisy.
03:51 PM on 12/26/2011
Yawn.
11:43 AM on 12/26/2011
Actually, Mitt Romney is another Barack Obama. Slightly lighter skin, professing a slightly different religion, but otherwise virtually indistinguishable. Mitt Romney might have been the best Republican candidate in Massachusetts but if he is the best we can do in the USA, we all might as well vote for Obama. In fact, voting for Obama is the best strategy for conservatives if Romney is the nominee. Why? Because a Republican Congress will oppose Obama "with manly firmness" as the Declaration says. They will bend over and go along with Romney if he does the exact same things. "Sensible gun confiscation" and "sensible healthcare" and "sensible tax increases" and "sensible limits on freedom of speech." The only difference: Romney will march BACK into Iraq for more endless war. He will start yet another endless war with Iran, this time against the Russians and the Chinese, who actually DO have nuclear weapons. Ever wonder what a nuclear missile does to an aircraft carrier, even from many miles away? Think of a sailboat in a hurricane. OK, so the Russians or the Chinese sink our carriers. Now what? Mutual destruction?
02:18 PM on 12/26/2011
Wow, someone needs to take his meds.
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07:16 AM on 12/26/2011
Romney's tour at Bain may have a bane to many, however, it would seem even more important to learn if he was a bane to anyone in Massachusetts while he was governor. Seeing as how one cannot fire a Massachusetts resident citizen from his "job" as a resident citizen, how were they treated? Did he govern for all or just the top 1%? That would be my concern about any President....including the one now sitting. In other words, as he would join our Founding Fathers in history, would he have provided everyone a square deal or would some of his "children" citizens be out begging for bread? And would their value as citizen's be determined in dollars earned or inherited, or by something more divine or humanitarian?
12:49 AM on 12/26/2011
I would never vote for Romney. I would never vote for Obama.

I choose REVOLT first.

This country is so screwed.

Keep it up America!!
02:24 AM on 12/26/2011
Actually, I think you choose incoherence. Keep it up.
10:35 PM on 12/25/2011
Poetically self serving. I know Romney, and for those who have worked with, lived near, and served with him, the depths of his soul are every bit as authentic as what President Obama touts. If you disagree with his political opinion, fine; but an egg-nog laced essay about "soul" is, to say the least, amateur.
08:37 PM on 12/25/2011
I find it hilarious that this is the worst that can be said of Governor Romney. Oh no! He purchased failing companies, restructured them and then sold them as profitable entities! What a horrible person! Would you rather ALL of the employees lose their jobs? And citing Pretty Woman is just a sad commentary on the state of journalism.
HUFFPOST SUPER USER
USS Constitution
Any fool can know. The point is to understand.
08:41 PM on 12/25/2011
That's hardly the worse that can be said, it was merely the worse that was said in this article.
08:52 PM on 12/25/2011
Elaborate? Thought so....
09:02 PM on 12/25/2011
Like what? Do share. Infidelities? Outright ethics violations? Racism?

Or are you talking about the supposed "flip-flops" that have been perpetuated by the media and rival's campaigns? Or the "disaster" of a health care bill that 3/4 of the people still support and has effectively gotten everyone in the state health care?

The fact is, he's lived a good life, raised a good family, worked incredibly hard to achieve success, graduated valedictorian of his university and earned a law and mba degree from Harvard, served as a clergyman for his church without pay, etc, etc.
HUFFPOST SUPER USER
USS Constitution
Any fool can know. The point is to understand.
08:33 PM on 12/25/2011
Comparing an election where the candidates generally mold themselves as best as possible to the polls they read to an "MRI of the soul" is without a doubt one of the more intellectually insulting statements I've ever heard from Obama.

Of course, Romney would only point that out if the polls told him it was popular.
08:20 PM on 12/25/2011
Romneys top 3 contributors
1. Goldman Sachs
2. Credit Suisse Group
3. Morgan Stanley

Bailout anyone?

The elitist, flip flopping Mitt Romney. The more I learn about Romney the more I can barely tell the difference between him and Obama! You know his campaign contributors are going to expect favors so expect more of the same!. You know what Mitt says, "Corporations are people too"!
06:14 PM on 12/25/2011
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10:53 PM on 12/25/2011
Ron Paul is not a viable candidate. Leave it alone. It only hurts our chances of beating Obama to give him traction.
12:42 AM on 12/26/2011
Ron Paul is the ONLY candidate!!

Why beat Obama, if it is Romney we are going to get.

If Ron Paul isn't the nomination, it will be Obama again, or if WE ARE SMART.... We will right RON PAUL on the ballot!! LIKE I MA GOING TO if necessary.

GOP nominate Ron Paul or DEAL with OBAMA!!
01:44 AM on 12/26/2011
Wise up... aren't you getting damned tired of "lesser of two evils" elections? Do you pick your doctor, dentist, spouse, babysitter, dinner, car, shoes or toilet paper by running it through the Lesser of Two Evils test?

Gimme a friggin break! We are OVERDUE for being extremely picky and idealistic in 2012. How many more elections you want to piss away with this moronic mindset?

RON PAUL 2012!!
05:26 PM on 12/25/2011
Gingrich follies = Proven
Romneys Greed and Flip Flops = Proven

Ron Paul's as a racist = Allegations that don't stand up past the barest scrutiny

2012 Choice = Ron Paul or More Hype and Change.
03:49 PM on 12/25/2011
http://www.dailypaul.com/193306/ron-paul-newsletters-fact-from-fiction

Nice attempt to slip that in there...for all those who choose truth I offer the above link.