Time/Swampland: Joe Klein: "Bained"
They proved to be devastating. Part of it was the Dukakis campaigns ineptitude when it came to respondinga consequence that led directly to the establishment of Bill Clintons famed War Room in 1992. But more important, this coordinated campaign defined Dukakis as an out-of-touch, soft-on-crime Massachusetts liberal, a prisoner of the Harvard boutique etc etc etc. He spent the entire summer on the defensive. I still think the pledge of allegiance stuff was pretty sillyDukakis had refused to require children to say the pledge in order to honor the beliefs of Jehovahs Witnessesbut it was a nail in a brilliantly constructed coffin.
Fast forward to now. Mitt Romney is experiencing a Dukakis-like summer playing defense. The Obama campaign has also constructed a brilliant coffin, custom-made for a turnaround artist. There are many nails in this coffin, some more important than others. The nails are being hammered in a natural progression. There is a logic to this. The current controversy over whether Romney was or was not running Bain capital during the years 1999-2002 is a relatively minor nailthe functional equivalent of the Pledge of Allegiance. Bain was involved in the global economy during those years. This meant outsourcing jobs to places like Mexico and China, which meant the creative destruction of obsolete jobs here at home. Whether Romney was directing them or not, these activities were perfectly legal. That doesnt matter, though: there is confusion about why he was still listed as the boss if he wasnt really the boss, which seems shifty. And theres the question of why he was making tons of money if he wasnt the boss, which is what this is really all about.
Indeed, thats the Willie Horton argument building against Romney. Democrats were appalled by the Horton ads (the most devastating was produced by an independent committee, unrelated to the Bush campaign). They were, allegedly, racist. Horton was black. But they cut to the heart of a significant problem the Democratic Party had at the time: it was sort of soft on crime, in the midst of the post-Vietnam lefts theyre depraved because theyre deprived delusion. And Mitt Romneys Willie Horton? His tax returns. He has only released onefor 2010, with estimates for 2011. Standard operating procedure for 21st century presidential candidates is: you release everything, more or less. And Romney will be plagued by this issue until he does.
Read more: http://swampland.time.com/2012/07/13/bained/?hpt=hp_t1#ixzz20XobGzz8
pscot
(21,024 posts)OmahaBlueDog
(10,000 posts)I just post this stuff for the general reading amusement of all concerned.
underpants
(182,904 posts)magical thyme
(14,881 posts)"This meant outsourcing jobs to places like Mexico and China, which meant the creative destruction of obsolete jobs here at home. Whether Romney was directing them or not, these activities were perfectly legal."
If the jobs were "obsolete" why were they "off-shored" versus ended? Charity to Mexico and China? And unemployment may not be a concern to *you* and *your* friends, but they are a concern to everybody who's had their lives wrecked by unemployment, which is a fucking lot of people thanks to the Mittens of the world.
"He has only released onefor 2010, with estimates for 2011. Standard operating procedure for 21st century presidential candidates is: you release everything, more or less. And Romney will be plagued by this issue until he does.
And when he does were likely to find that he made a lot of money and paid very little taxes. Its possible that the 14% was his high water mark. Its possible that there were years when he paid much less."
Yes, paying very little in taxes while raking in hundreds of millions will stick in the craw of the vast majority of us serfs.
But there's another little issue that the tax returns will reveal. Shannon O'Brien tried to duplicate Ted Kennedy's very successful campaign against Rmoney, but Rmoney was prepared for the attacks this time and blanketed MA with ads claiming he left Bain in 1999 and had nothing to do with the outsourcing. And then Rmoney changed business filings after the facts to "prove" that claim. His tax records will prove that he was still running Bain and that he was behind the job losses.
His successful lies of 1999 will blow right up in his face. And who knows what little "felonies" might also appear with close examination and comparison with business filings and SEC filings.