Rick Santorum must be giddy right now. Instead of suffering an intense media focus on his role in John Ensign's career ending scandal, Mitt Romney just tossed him a reprieve... And a ready-made issue that may yet end Romney's political career. As we've been talking about endlessly here, Romney has a BIG Bain (as in, Bain Capital) problem.
And now, all of a sudden, Newt Gingrich is jumping on it...
“You have to ask the question, is capitalism really about the ability of a handful of rich people to manipulate the lives of thousands of people and then walk off with the money?”
Who said it — Elizabeth Warren? Dennis Kucinich? Noam Chomsky?
Not quite, that was Newt Gingrich talking to reporters at an energy company in Manchester on Monday about his new effort to paint Mitt Romney as a greedy one-percenter who finds “clever legal ways” to go about “looting a company” while screwing over its workers. [...]
The former Speaker is making the case that, in contrast to good old fashioned businesses who make stuff, Romney and his ilk have instead gamed the system to create a soulless machine that profits from the misery of others. Whereas Republicans used to merely whisper that Bain was an electability problem for Romney, Gingrich and other candidates are now openly making the case that the invisible hand has failed to stop corporate raiders from hurting American workers — even as they condemn President Obama as a radical socialist for his rhetoric on Wall Street.
“I am totally for capitalism, I am for free markets,” Gingrich assured reporters on Monday. “Nobody objects to Bill Gates being extraordinarily rich, they provide a service.” What he instead is concerned about is when an investor receives “six-to-one returns, and the company goes bankrupt.”
OUCH! And to add insult to injury...
When you go to South Carolina, that was one of those cities that had a business -- it was a photo album and a framing business. And those people are out of work today after Bain Capital basically gut the company. Took $20 million of profit out of it and people lost their jobs. There is a steel manufacturer here in South Carolina. Mitt Romney will have a hard time coming into South Carolina and have the people here think he's anything but a rich Wall Streeter that took advantage of their businesses. People lost their jobs, they lost their pensions, they lost a lot.
The bottom line for Bain was making money. It wasn't about helping the people of South Carolina or trying to keep these people employed. The idea that Mitt stood up and said he's worried about pink slips. This is probably one of the richest people ever to run for president of the United States. Son of a multi-millionaire. An individual -- Mitt Romney has never worried about pink slip. He might have worried about not having enough of them to hand out. But he's not worried about losing his job.
Whoops. I guess Mittens really does have a growing problem on his hands.
And you know what's really funny here? In their zeal for attacking Mittens and destroying his Presidential aspirations, they're actually doing a good job in articulating why their own G-O-TEA policies have failed America. No really, think about it.
Who's been making noise about "vulture capitalists" like Mitt Romney for the last 30 years? And who's been trying to get Americans to realize the consequences of deregulation and "supply side" mayhem? And who's been offering alternative economic policies that really work in creating jobs and providing more stability?
And now, it's none other than the Republican clown car circus of candidates themselves that are reminding Americans of why President Obama deserves reelection. Thank you, G-O-TEA. And I actually mean it. ;-)