Tag Archives: bain capital

The Pain of Bain Will Always be the Same

I don’t know why but I have been amazed to see the Romney campaign turn into a total train wreck this week.  I really didn’t expect it but to me it looks like the wheels seem to be coming off with the continuing and expanding revelations of Romney’s involvement with Bain Capital. Documents from Bain signed by Romney point to a real possibility that Romney is not telling the whole story about his activity as owner, CEO and sole stockholder of Bain. These include filings with the Securities and Exchange Commission interviews, statements and even the paperwork for his residency for his 2002 campaign for the office of Governor of Massachusetts all of which point to him being less than honest in how he represents that time. Likewise there are the issues of Swiss and Cayman Islands bank accounts and unwillingness to disclose more than last year’s tax records.

Thus it was hard not to shake my head in amazement when Romney went of five different networks to say that that he “left any responsibility whatsoever, any effort, any involvement whatsoever in the management of Bain Capital after February of 1999.”  What got me was not just the words, but his facial expressions and body language, it was not believable.

One can think what they want of President Obama. One can call him an Anti-American Atheist, Communist, Socialist, Liberation Theology loving, pork eating, beer drinking Moslem. One can oppose every one of his policies.  One can even believe that he is the son of a Vulcan explorer and an earth mother that was beamed from Kenya to Hawaii so he be President and through the UN bring about a treaty that would cause the earth to cede its independence to a United Federation of Planets in a future alternate universe and one can vote against him for a multitude of reasons but one cannot ignore that Romney has serious character issues that are red flags that his supporters should pay attention to before they come back to haunt them.  Simply put I think anyone who fought against the Romney nomination and now backs him simply because he is not Obama is in for trouble.

Now nobody should be surprised by how the script is playing out. In fact almost every opponent of Romney’s in the GOP primaries warned us of this. They ran the anti-Bain commercials, they talked about Romneycare they pointed out every chink in the armor of a Romney campaign and got carpet bombed by Romney for doing so. In fact some even called Romney a “liar.” The problem was that none of them had the money or organization or the support of Wall Street and the Multi-National corporations that Romney had and his PACS destroyed them. He took no prisoners.

Rick Perry was blasted out by Romney early but he made these comments:

“I happen to think that companies like Bain Capital could have come in and helped these companies if they truly were venture capitalists, but they’re not — they’re vulture capitalists.”

“While you were the governor of Massachusetts in that period of time, you were 47th in the nation in job creation. … You failed as the governor of Massachusetts.”

“If you are a victim of Bain Capital’s downsizing, it’s the ultimate insult for Mitt Romney to come to South Carolina to tell you he feels your pain. Because he caused it.”

“I have no doubt that Mitt Romney was worried about pink slips — whether he’d have enough of them to hand out.”

Rick Santorum, arguably the most populist of the Republican candidates and the only one that mounted a real challenge to Romney said that Romney was “the worst Republican in the country to put up against Barack Obama.” 

Santorum also said:

“If Mitt Romney’s an economic heavyweight, we’re in trouble, because he was 47th out of 50 in job creation in the state of Massachusetts when he was governor. He may have had some success at making money for himself and his partners at Bain Capital, and I give him a lot of credit for doing so, but that’s a very different thing than going out and creating an atmosphere for people to create — that create jobs.”

Newt Gingrich got off the Romneyvation early and got blasted but he tore some holes in Romney’s campaign:

“I just think he ought to be honest with the American people and try to win as the real Mitt Romney, not try to invent a poll-driven, consultant-guided version that goes around with talking points, and I think he ought to be candid. I don’t think he’s being candid and that will be a major issue. From here on out from the rest of this campaign, the country has to decide: Do you really want a Massachusetts moderate who won’t level with you to run against Barack Obama who, frankly, will just tear him apart? He will not survive against the Obama machine.”

“We are not going to beat Barack Obama with some guy who has Swiss bank accounts, Cayman Island accounts, owns shares of Goldman Sachs while it forecloses on Florida and is himself a stockholder in Fannie Mae and Freddie Mac while he tries to think the rest of us are too stupid to put the dots together and understand what this is all about.”

Michelle Bachmann said:

“He can’t beat Obama because his policy is the basis of Obamacare. The signature issue of Obama is Obamacare. You can’t have a candidate who has given the blueprint for Obamacare. It’s too identical. It’s not going to happen.” 

“He’s been very inconsistent on his positions. He’s been on both sides of the abortion issue, on both sides of the issue with same-sex marriage … he was for the TARP bill, the $700 billion bailout and the global warming initiatives.”

Former Utah Governor, Ambassador to China and fellow Mormon said of Romney:

“I think Romney will show leadership on the economy, but on the trust deficit, I don’t see a whole lot of leadership.”

And the only GOP candidate still in the hunt, Ron Paul ran this ad:

“Mitt Romney can’t fight against Obamacare because he supported the same mandates and government takeovers as governor of Massachusetts.  Romney can’t stand up against more bailouts because he supported them. He can’t lead the charge to shrink the government because he has grown it. Romney’s record is liberal and putting him up against Obama is a recipe for defeat.”

By the way did you notice that none of these people are Democrats? That should speak volumes.

One of two things are going to happen and please do not say that you were not warned. Either the wheels will continue to come off and Romney’s campaign will blow up leading to a defeat in November. That may also impact Congressional races because people may be so disgusted by their candidate that they don’t show up. They may not vote for Obama but they will not support Romney.

The other possibility is that hatred for Obama will cause people that cannot stand Romney to vote for him anyway and that he will win the election. Obama haters will rejoice until they realize that they voted in a man who still remembers what they said about him and only sees them as a means to the become President. They are simply votes to be bought and the bottom line is all that matters.  That is his history as a businessman and governor. He may not be a good politician but underneath that perfect head of hair he is a ruthless businessman, just asked those that ran against him in the GOP primaries this year.

When that happens those that opposed and denigrated Romney during the primaries should not expect for Romney to treat them well.  This is especially true for the Evangelicals who just a couple months ago were calling Romney a member of a religious cult.  Romney will govern based on what he wants, not what they want. Instead of four years of a lame duck Obama administration they will have either have Romney for eight years or end up with a different Democrat in the White House in 2016 and it will destroy the Republican Party.

Alan Keyes, who I never agree with made a comment that while I may not completely agree with probably needs to be heeded by religious conservatives whose hatred of Obama has driven them into Romney’s camp. If they believe like Keyes that Obama is evil then they need to look at what the results of their hatred of him may bring about:

 “As I tried to point out in 2008, the lesser of evils is still evil. No matter how such an election turns out, people content to choose between Satan and Beelzebub have made clear their willingness to let things go to hell. Moreover, the nature of their choice is so clear to them that they practically boast of the passionate hatred that impels them to it. With this practical boast they become the willing, proud accomplices of the very evil they profess to hate.”

People need to be careful what they ask for because they just might get it.

Peace

Padre Steve+

3 Comments

Filed under leadership, News and current events, Political Commentary

Fill the Strategic Twinkie Reserve Now: Hostess Files for Bankruptcy

It is not enough that war, economic distress, natural disasters, Zombie Apocalypse and threaten us on every side but now true disaster threatens. Yes my dear readers Hostess has filed for Chapter 11 bankruptcy.  While the company has announced that “normal operations” will continue the threat is real. The world could possibly find that the leading manufacturer of food designed to survive the Apocalypse may go out of business, or even worse be bought and parted out Twinkie by Twinkie by Bain Capital.

I grew up with Twinkies, they were one of the 5 major food groups of grade school for the sack lunch crowd.  I know that my lunch box always had Twinkies in it, or if not Twinkies another Hostess delicacy such as Chocolate cupcakes with creme filling, or a fruit pie.  My peanut butter and jelly sandwich was made with the softest and freshest Wonder Bread.

While my tastes have adjusted over the years there are times that my mind will wander back to the innocence of childhood and the blissful unawareness of just how bad this was for me.  But back then when we had to walk 8 miles through the mud and rain to go to school without so much as a Walkman and had to actually go outside to play without a smart phone we could burn off all the calories and were energized by the rush created by the combination of pure unadulterated sugar and God knows what else so that we wouldn’t fall asleep in class after lunch. Yes my friends those were the days.

But the world is passing Hostess and the Twinkie by and that could threaten civilization as we know it.  I mean what will we lose next? I tremble at the thought.  Will it be the Zinger? or possibly the Baby Ruth bar?

With North Korea, Pakistan already having nukes and Iran threatening to build them it is imperative that we invest in America and emergency preparedness.  The Congress should approve emergency legislation to preserve the Twinkie and stock the Strategic Twinkie Reserve before it is too late. I don’t know about you but cheap knock offs made by Little Debbie are no substitute for the Twinkie although a Krispy Kreme Chocolate Pie will give the Hostess pie a run for its money…but I digress.  Twinkie production must supported by the Defense Department and Department of Homeland Security. Every MRE should contain a Twinkie and Twinkies should be part of FEMA emergency food stocks to support Hostess like we did in the 1970s when the Federal Government bought almost everything that Chrysler Corporation produced to save the company.

Write your Congressman and tell them to save the Twinkie before it is too late. The future of the country could depend on it.

Peace

Padre Steve+

1 Comment

Filed under Just for fun, purely humorous

Party Like it’s 1996: Romney Wins the Granite State but…

Mitt Romney Unloved Frontrunner?

Mitt Romney as most believed won the New Hampshire primary by a comfortable margin and now the fight moves south to South Carolina where Romney will face a big challenge. Despite the wins in Iowa and New Hampshire most Republicans and Independents are not in love with him his record will cause him problems in the South, especially in regard to Romney’s record on abortion.

Romney is the first GOP candidate to win both Iowa and New Hampshire which many analysts are saying is significant. However I don’t see it as significant as some would. He won New Hampshire handily but against a significantly weaker GOP field than he and John McCain faced in 2008.  On the other hand Ron Paul polled nearly three times the number of votes that he received in 2008.  To further complicate the matter in actual number of votes cast the two social conservatives Rick Santorum and Newt Gingrich have more combined votes than 2008’s social conservatives led by Mike Huckabee.

Wild Card: Ron Paul and his True Believers

Despite his success in New Hampshire Romney may have great difficulty in the south. Many Republicans, especially those of the Tea Party and Libertarian factions may see Romney as someone that might be able to defeat President Obama but may not want to surrender their party to a man that they really do not trust for the next 8 years.  That is something that I do not hear many people saying.  Buying Romney now means buying him until 2020 and I do not think that Tea Party, Libertarian or Social Conservatives will be willing to do that even if it means 4 more years of Barak Obama. They can run against Obama but once Romney is President it will be much harder for them to get him out.

This could well be like 1996 where the Republicans nominated Bob Dole but despite their hatred of Bill Clinton and desire to see him defeated could not rally behind Dole.

Romney has not helped himself with numerous gaffes and comments that are easily taken out of context and have been put into sound bites by his opponents in the GOP and will be by the Democrats when the battle is truly joined.  He sounds great behind the teleprompter but not very good in the moment. In that aspect he is much like President Obama in style.

No one is leaving the race and all the candidates are heading to South Carolina which is much more a predictor of the eventual nominee than either Iowa or New Hampshire. This is Republican campaign is going to be bloody as it is personal especially for Gingrich who now has massive amount of money to spend and willingness to use it to sink Romney. Romney has a comfortable lead in the last poll over the divided social conservatives in South Carolina and probably wins the state. This will probably take out one or more of his opponents but could lead to the social conservatives to unite behind one candidate, most likely Rick Santorum but possibly and this is a stretch Rick Perry.

I believe that Ron Paul and his supporters will leave the party because they are in no mood to compromise with Romney who they see as “Obama Lite.”  Social conservatives  especially Evangelicals that in their hearts believe that Romney’s Mormon faith makes him a cultist may sit out the election or support Paul or splinter social conservative parties such as the Constitution Party.  This weekend the most prominent of the social conservatives are getting together to see if they can find a conservative alternative to Romney.

When all is said and done I do think Romney wins South Carolina and will get the nomination. Some of his opponents in the GOP will fall in line but ideology matters now in the GOP whether it is social conservatism or libertarianism. However he will look like a ship that survived a Kamikaze attack. He’ll survive but he will be so wounded that he will lose in November despite the weaknesses and unpopularity of President Obama.  The question will be will the GOP galvanize itself behind a candidate that few really like and many view with great suspicion and distrust on a multitude of issues to defeat President Obama?

Back to the Future? Bob Dole and Jack Kemp in 1996

A few months ago I thought that Romney was sure not only to win the nomination but to go on and defeat President Obama in the fall but while I’m pretty sure that he will win the nomination I can easily see him now going the way of Bob Dole.  Party like it’s 1996 because it could be back to the future.

Peace

Padre Steve+

2 Comments

Filed under Political Commentary