Mitt Romney: Talk about income inequality only in “quiet rooms”

F. Scott Fitzgerald opened his short story “Rich Boy” with the following paragraph:

Let me tell you about the very rich. They are different from you and me. They possess and enjoy early, and it does something to them, makes them soft where we are hard, and cynical where we are trustful, in a way that, unless you were born rich, it is very difficult to understand. They think, deep in their hearts, that they are better than we are because we had to discover the compensations and refuges of life for ourselves. Even when they enter deep into our world or sink below us, they still think that they are better than we are. They are different.

Watching Mitt Romney’s campaign for the Republican nomination proves Fitzgerald’s point. Yesterday Romney was interviewed by Matt Good Morning America. Here’s the video, followed by a transcript.

Matt Lauer: When you said that we already have a leader who divides us with the bitter politics of envy, I’m curious about the word envy. Did you suggest that anyone who questions the policies and practices of Wall Street and financial institutions, anyone who has questions about the distribution of wealth and power in this country, is envious? Is it about jealousy, or fairness?

Romney: You know, I think it’s about envy. I think it’s about class warfare. When you have a president encouraging the idea of dividing America based on 99 percent versus one percent, and those people who have been most successful will be in the one percent, you have opened up a wave of approach in this country which is entirely inconsistent with the concept of one nation under God. The American people, I believe in the final analysis, will reject it.

Lauer: Are there no fair questions about the distribution of wealth without it being seen as envy, though?

Romney: I think it’s fine to talk about those things in quiet rooms and discussions about tax policy and the like. But the president has made it part of his campaign rally. Everywhere he goes we hear him talking about millionaires and billionaires and executives and Wall Street. It’s a very envy-oriented, attack-oriented approach and I think it will fail.

Never in my life have I heard a more naked expression of the conservative philosophy that the rich are better than the rest of us and that they alone should make important decisions. Romney clearly believes that we proles must be protected from the knowledge of how lowly we really are. Romney actually believes that discussions of government tax policies that make the rich richer and the poor poorer should not be discussed in public–such poor taste! These topics must only be talked about in “quiet rooms,” presumably in grand mansions where only the very rich and powerful can hear.

No doubt Romney is expressing a common opinion among those of his class. The good news is that Romney has so little self-awareness that he can’t seem to avoid expressing his elitist opinions in public. Does he think that the proles don’t watch TV? Or does he think we’re too stupid to understand what he’s saying?


Thursday Reads

Good Morning!!

I’m still in shock from the realization that Willard “Mitt” Romney is most likely going to be the Republican nominee. I never thought the day would come when a candidate would appear who is more soulless, more shallow, more banal, and less prepared to be president than Barack Obama. But Romney is all those things. I don’t think he knows any more about politics or economics than Donald Trump, and he’s just as much of a blowhard. What could possess anyone to vote for him? The American experiment has truly failed when these two psychopaths are the choices to lead the nation.

I was looking forward to Newt Gingrich’s attacks on Romney’s corporate raider past, but as Minkoff Minx reported last night, someone got to Newt and told him to cool it.

Newt Gingrich on Wednesday suggested his attacks on rival Mitt Romney’s record at Bain Capital have not been rational – though a spokesman insisted Gingrich is not backing off the attacks.

Gingrich’s comment came after a voter in Spartanburg, South Carolina, told Gingrich that he believed the former House speaker has “missed the target on the way you’re addressing Romney’s weaknesses.”

“I want to beg you to redirect and go after his obvious disingenuosness about his conservatism and lay off the corporatist versus the free market,” said the voter.

Gingrich replied: “I agree – I agree with you.”

“I think it’s an impossible theme to talk about with Obama in the background,” Gingrich continued. “Obama just makes it impossible to talk rationally in that area because he is so deeply into class warfare that automatically you get an echo effect which, as a Reagan Republican it frankly never occurred to me until it happened. So I agree with you entirely.”

Gingrich, who has harshly criticized Romney for his record at Bain, seemed to be saying he cannot “talk rationally” about Romney’s record because of the way Mr. Obama frames the issue.

He sure doesn’t sound rational there. I can’t figure out what he’s even trying to say. But it sounds like he’s claiming that somehow Obama made him attack Romney. Sadly, I’m afraid we may never see that “When Romney Came to Town” video now. Rats!

According to an article in the NYT, Romney’s advisers have been “shaken by attacks” on the candidate’s record at Bain Capital.

Although the advisers had always expected that Democrats would malign Mr. Romney’s work of buying and selling companies, they were largely unprepared for an assault that came so early in the campaign and from within the ranks of their own party, those involved in the campaign discussions said.

Even as Mr. Romney coasted to victory in New Hampshire, they worry that the critique could prove more potent as the race shifts to South Carolina, where shuttered mills dot the landscape, unemployment is higher and suspicion of financial elites is not limited to left-leaning voters.

Both Iowa and New Hampshire have unemployment rates in the 5% range.

In his victory speech Tuesday night, Mr. Romney lamented that “desperate Republicans” were attacking the free enterprise system and the very notion of success.

“This is such a mistake for our party and for our nation,” he said. “The country already has a leader who divides us with the bitter politics of envy.”

That message was echoed by Mr. Romney’s surrogates and embraced by a number of influential conservatives on Tuesday, from Rush Limbaugh to Michelle Malkin and the Club for Growth.

Unfortunately, the attacks seem to have caused many conservative who were previously unenthusiastic about Romney to rise to his defense.

At conservative blog Patterico’s Pontifications, “Karl” points out that it’s a little strange that Romney’s advisers weren’t expecting this, since Republican rivals have brought the issue up in Romney’s previous campaigns. I’m curious to see how all this will play in South Carolina.

Charlie Pierce had a bit of interesting Massachusetts gossip yesterday afternoon. Apparently one of Romney’s close advisers, Eric Fehrnstrom, is also an adviser to Senator Scott Brown, who as we all know is involved in a tough reelection fight with Elizabeth Warren.

Anyway, the gossip around the Massachusetts GOP — which is a small enough group that gossip can circulate at speeds at which matter is spontaneously created — is that some people in McDreamy’s re-election campaign have begun to complain that Fehrnstrom is spending too much time with Willard and not enough with their man, who’s in a much tougher fight with Elizabeth Warren than Romney is with the assemblage of second-raters in the Republican primary. It’s hard to see how Fehrnstrom can keep both of those balls in the air at the same time and, if he can’t, my guess is that McDreamy is the loser. This will not be a good thing for that campaign.

And speaking of Liz Warren, she raised twice as much money as Brown in the last quarter.

She has just over $6 million on hand, her campaign reported this afternoon.

Warren’s overall fund-raising for those few final months of 2011 outpaced Republican Senator Scott Brown’s total for the same time period. On Monday, Brown’s campaign released figures showing that he collected $3.2 million in the final quarter of 2011 and raised a total of $8.5 million last year.

Still, Brown holds a strong advantage, having accumulated $12.8 million in his campaign account, a record amount for any Massachusetts candidate this early in the election cycle.

Michelle Obama denies that she ever had any disagreements with Rahm Emanuel, as was reported in the new book “The Obamas” by NYT writer Jodi Kantor.

Obama said in an interview that aired on CBS’s “This Morning” that she does not routinely interfere in West Wing business despite reports that she clashed with top West Wing aides and has expressed her concerns and displeasure about policy and politics through back channels.

“I don’t have conversations with my husband’s staff. I don’t go to the meetings,” she told King. “I guess it’s more interesting to imagine this conflicted situation here, a strong woman. But that’s been an image that people have tried to paint of me since the day that Barack announced — that I’m some angry black woman.”

Obama said that she and former chief of staff Rahm Emanuel “never had a cross word” — despite Kantor’s reporting that they clashed over strategy and policy during Emanuel’s tenure.

In foreign news, another Iranian nuclear scientist has been assassinated. From the Globe and Mail:

Amid escalating threats, the covert war to thwart Iran’s efforts to get nuclear weapons took an ugly – if gruesomely familiar – turn Wednesday with the murder of a young Iranian nuclear scientist on a Tehran street.

It was the fourth such reported targeted assassination in two years, adding a dangerous new element to the escalating conflict over Iran’s refusal to rein in its nuclear program or to open it to international inspection.

Wednesday’s killing in North Tehran was similar to previous attacks. Using powerful magnets, a motorcyclist attached a small delayed-action bomb to a car carrying Mostafa Ahmadi-Roshan, a nuclear scientist and university professor.

The explosion killed the 32-year-old chemistry professor, who worked at the sprawling Natanz nuclear facility, and another person in the car, reports said. The pinpoint attack focused the blast into the car during the morning rush hour.

Wonderful. Are we being pushed into another war after just beginning to extricate ourselves from Iraq? The NYT reports that the covert actions are believed by “experts” to be coming from Israel, the Iranians, probably with good reason, assume the U.S. is also involved.

Iranian officials immediately blamed both Israel and the United States for the latest death, which came less than two months after a suspicious explosion at an Iranian missile base that killed a top general and 16 other people. While American officials deny a role in lethal activities, the United States is believed to engage in other covert efforts against the Iranian nuclear program.

The assassination drew an unusually strong condemnation from the White House and the State Department, which disavowed any American complicity. The statements by the United States appeared to reflect serious concern about the growing number of lethal attacks, which some experts believe could backfire by undercutting future negotiations and prompting Iran to redouble what the West suspects is a quest for a nuclear capacity.

Both Obama and Hillary Clinton denied any U.S. involvement. Sure.

Finally, there’s a wonderful article by the late Christopher Hitchens in the new Vanity Fair: Charles Dickens’s Inner Child. I haven’t finished reading it yet, but so far I’m very much enjoying it. I love Dickens and reading the piece made me want to pick up on of his novels again soon–maybe I’ll reread my favorite one–“Our Mutual Friend.” What a great book it is!

That’s all I have for today. What are you reading and blogging about?


Tuesday Reads: Gordon Gekko for President?

Good morning! Today is the New Hampshire primary. We’ll live blog the returns later tonight. As of last night, Gordon Gekko Mitt Romney had a big lead in the polls, with Ron Paul second and John Huntsman and Rick Santorum tied for third place.

Romney, the former governor of neighboring Massachusetts, holds a 24 percentage point lead over his closest rival, with 41 percent of likely Republican primary voters indicating they’d vote for him, the WMUR New Hampshire Primary Poll said.

U.S. Rep. Ron Paul from Texas was favored by 17 percent of likely primary voters, followed by former Utah Gov. Jon Huntsman and former U.S. Sen. Rick Santorum of Pennsylvania, each with 11 percent, and former House Speaker Newt Gingrich collecting 8 percent.

Several polls indicated Gingrich would finish in the top three.

“All of the candidates behind Romney have a good chance finishing anywhere between second and fifth place,” said Andrew Smith, director of the UNH Survey Center in Durham.

Yesterday Romney stepped in it again when he told an audience that he really likes firing people.

The final day of campaigning saw Romney under fire for a comment about health insurance that quickly became fodder for criticism.

Asked about the issue in Nashua, New Hampshire, Romney said he wanted a person to be able to own his or her own policy “and perhaps keep it the rest of their life.”

“That means the insurance company will have the incentive to keep you healthy. It also means if you don’t like what they do, you can fire them,” he said.

“I like being able to fire people who provide services to me,” Romney added. “If someone doesn’t give me the good service I need, I want to say I am going to get somebody else to provide that service to me.”

Romney complained that everyone was taking his remarks out of context, but when you’re a former corporate raider worth $250 million, it’s probably a good idea to watch what you say about putting people out of work.

Anyway, the latest meme about Romney is that he’s Gordon Gekko brought to life. I think it’s a pretty good comparison. I don’t know if you recall the quote from the recent Vanity Fair profile of Romney that I included in a recent post:

Romney described himself as driven by a core economic credo, that capitalism is a form of “creative destruction.” This theory, espoused in the 1940s by the economist Joseph Schumpeter and later touted by former Federal Reserve Board chairman Alan Greenspan, holds that business must exist in a state of ceaseless revolution. A thriving economy changes from within, Schumpeter wrote in his landmark book, Capitalism, Socialism and Democracy, “incessantly destroying the old one, incessantly creating a new one.” But as even the theory’s proponents acknowledged, such destruction could bankrupt companies, upending lives and communities, and raise questions about society’s role in softening some of the harsher consequences.

Romney, for his part, contrasted the capitalistic benefits of creative destruction with what happened in controlled economies, in which jobs might be protected but productivity and competitiveness falters. Far better, Romney wrote in his book No Apology, “for governments to stand aside and allow the creative destruction inherent in a free economy.” He acknowledged that it is “unquestionably stressful—on workers, managers, owners, bankers, suppliers, customers, and the communities that surround the affected businesses.” But it was necessary to rebuild a moribund company and economy.

That sure sounds Gekko-like, doesn’t it?

Yesterday, Rick Klein of ABC News addressed the Romney/Gekko issue.

Virtually all of Romney’s rivals are now sensing a powerful issue. Jon Huntsman said today that the firing comment shows that Romney is “completely out of touch” with the American economy.

Rick Perry, skipping ahead a state, is calling it the “ultimate insult for Mitt Romney to come to South Carolina and tell you he feels your pain, because he caused it.”

Gingrich is equating Romney’s business style with finding “clever legal ways to loot a company.” Rick Santorum’s stump speech includes a line about not needing a CEO as president, and he suggested at ABC’s Saturday night debate in New Hampshire that Romney’s background calls into question whether he “can inspire and paint a positive vision for this country.”

Romney hasn’t made matters easier for himself as he’s tried to connect with voters on the economy. The son of a millionaire business titan said over the weekend: “I know what it’s like to worry about whether or not you are going to get fired.”

Klein claims it’s too late for any of this to affect the New Hampshire primary results. I wouldn’t be so sure. New Hampshirites are famous for making up their minds at the last minute. Remember Hillary’s surprise win in 2008?

Romney has been expecting the Gordon Gekko comparisons, so you have to wonder why he hasn’t managed to curb some of these Gekko-like remarks.  I guess he just can’t help himself.

Mitt Romney says he knows a photo in which he appears with other executives at Bain Capital LLC posing with cash in their hands, pockets and mouths will be used against him if he wins the Republican presidential nomination.

The 1980s image — called the “Gordon Gekko” photo by some Democrats, a reference to the Michael Douglas character in the movie “Wall Street” — offers an easy attack line at a time of high unemployment and sharp rhetoric against the nation’s top money managers, investors and bankers.

“We posed for a picture, just celebrating the fact that we had raised a lot of money and then we hoped to be able to return it with a good return,” Romney said on “Fox News Sunday.”

Here’s Romney’s defense of the photo on Fox News Sunday.

Andrew Leonard of Salon also discussed the comparison of Romney with Gekko.

Like Gekko, Romney made his fortune buying and selling companies; and like Gekko, he believes that his “greed is good” version of rough-and-tumble creative destruction is a positive force for America, weeding out the bad performers and nurturing lean-and-mean profit engines. If you are looking for the paradigmatic exemplar of the new style of capitalism mogul launched by the Reagan revolution, Romney is your man. Michael Douglas’ Gordon Gekko is merely ersatz.

But what Leonard finds so amazing is that this attack on Romney and his leverage buyouts is being led Newt Gingrich.

The shock is to see Newt Gingrich and his financial backers channeling the Oliver Stone critique so passionately and wholeheartedly. If you have not seen the three-minute advertisement “When Romney Came to Town,” the soon-to-be debuted documentary lambasting Romney as the enemy of the American worker, prepare to be flabbergasted.

“Their greed was only matched by their willingness to do anything to make millions in profits.”

“This film is about one such raider and his firm.”

“His mission: To reap massive rewards for himself and his investors.

“Romney took foreign seed money from Latin America, and began a pattern exploiting dozens of American businesses.”

And so on. Michael Moore doesn’t sting this hard, and MoveOn isn’t this angry. If Romney, as expected, ends up winning the Republican nomination, Obama’s campaign team can relax. Their work has already been done.

Here’s the trailer for the 27-minute documentary that Gingrich backers have purchased.


Politico calls it “the Bain Bomb.”

While conservatives look unlikely to unite around one alternative to Romney, the campaigns themselves are uniting around the theme that the former head of Bain Capital looted companies, tossed people out of jobs and is now exaggerating his success at the venture capital firm.

In the context of this moment in American politics, in which frustration with the privileged is boiling hot, the attack, from Republicans on one side and the Obama campaign on the other, will test Romney. If he ends up looking more like an opportunist who profited for the few than like a man who created jobs for the many, it’s hard to imagine his polls numbers won’t drop.

Conservative bloggers, who generally can’t stand Romney have begun defending him against his rivals attacks, and Dana Millback called Romney “the Scrooge McDuck of the 2012 presidential race. Bloomberg reports that buyout firms are getting nervous about damage to their reputations.

This could be fun to watch. I thought Newt’s attack on Romney yesterday was spot on.

Is Romney full of shit or what? He even makes Newt Gingrich look good. I hope Newt sticks around and continues letting it all hang out. Every single word he said about Romney was the truth.

I’m going to wrap this up with a more serious take on Romney from Robert Reich: Mitt: Son of “Citizen’s United.” I had forgotten that Reich ran for governor of Massachusetts in the the Democratic primary in 2002. Please go read the whole thing and try not to weep while you’re doing it.

As Reich says, Romney is the ultimate big money candidate. He was in 2002, and now with the help of the Roberts Court, he has more money than any candidate ever dreamed of before. If you thought Obama was the candidate of Wall Street–and he was in 2008–Romney is soooo much more so. He has money and connections that make Obama’s fundraising look pathetic. And none of this money even needs to be reported–it could be coming from overseas, even from foreign governments, and we’d never know.

Tonight we’ll find out of any of this barrage of Gordon Gekko/Mitt Romney comparisons will have any effect. I’m rooting for Romney to be taken down a peg. And then on to South Carolina!

Please share your links in the comments, and I hope to see you tonight for the live blog.


Thursday Reads: Mostly Mitt

Good Morning!!

A few months ago, there was quite a bit of talk about a BBC story on Alessio Rastani, a self-described “independent trader,” who indicated he couldn’t care less what the European financial crisis did to people’s lives. For him it was all about making money and another recession would enable him to make plenty. Andrew Leonard of Salon tied the story together with and article in Der Spiegel on a Swiss study of traders. The results showed that these people

behaved more egotistically and were more willing to take risks than a group of psychopaths who took the same test.”

Particularly shocking for [Thomas] Noll [researcher] was the fact that the bankers weren’t aiming for higher winnings than their comparison group. Instead they were more interested in achieving a competitive advantage. Instead of taking a sober and businesslike approach to reaching the highest profit, “it was most important to the traders to get more than their opponents,” Noll explained. “And they spent a lot of energy trying to damage their opponents.”

Using a metaphor to describe the behavior, Noll said the stockbrokers behaved as though their neighbor had the same car, “and they took after it with a baseball bat so they could look better themselves.”

The researchers were unable to explain this penchant for destruction, they said.

Yesterday, Dakinikat sent me a Bloomberg article by William D. Cohan about a British academic’s “theory” on the causes of the financial crisis: Did Psychopaths Take Over Wall Street Asylum?

It took a relatively obscure former British academic to propagate a theory of the financial crisis that would confirm what many people suspected all along: The “corporate psychopaths” at the helm of our financial institutions are to blame.

Clive R. Boddy, most recently a professor at the Nottingham Business School at Nottingham Trent University, says psychopaths are the 1 percent of “people who, perhaps due to physical factors to do with abnormal brain connectivity and chemistry” lack a “conscience, have few emotions and display an inability to have any feelings, sympathy or empathy for other people.”

As a result, Boddy argues in a recent issue of the Journal of Business Ethics, such people are “extraordinarily cold, much more calculating and ruthless towards others than most people are and therefore a menace to the companies they work for and to society.”

Of course this isn’t a scientific study, but it certainly makes intuitive sense. Boddy blames changes in corporate culture for the problem.

Until the last third of the 20th century, he writes, companies were mostly stable and slow to change. Lifetime employment was a reasonable expectation and people rose through the ranks.

This stable environment meant corporate psychopaths “would be noticeable and identifiable as undesirable managers because of their selfish egotistical personalities and other ethical defects.”

For Wall Street — a rapidly changing and highly dynamic corporate environment if there ever was one, especially when the firms transformed themselves from private partnerships into public companies with quarterly reporting requirements — the trouble started when these charmers made their way to corner offices of important financial institutions.

There they supposedly changed many of the moral and ethical values that previously had guided businesspeople. This theory seems somewhat flawed, since it doesn’t explain how these men differed from the 19th century robber barons. But I haven’t read Roddy’s original articles. Perhaps he explains this inconsistency in his argument. I would argue that these kinds of people have always been involved in business and probably in politics too.

Case in point: Mitt Romney. I urge you to read the new article about Romney in Vanity Fair: The Meaning of Mitt: The Dark Side of Mitt Romney. The article is based on a new book about Romney by Michael Kranish and Scott Helman, The Real Romney. There’s no way I can briefly summarize the piece or excerpt all the important parts. The article focuses on Romney’s attitudes toward family, his deep involvement with his Mormon religion, and his business career. If you read it, you’ll recognize characteristic signs of the psychopath–coldness, calculation, lack of empathy for others, self-involvement. The only thing missing is the charisma that these people often have.

There are multiple examples of Romney’s insensitivity toward women and women’s autonomy in the article, and his career as a corporate raider and junk bond pusher are described in detail. I’ll give you just one shocking example of Romney’s attitude toward women’s rights in his role as “spiritual leader.”

Peggie Hayes had joined the church as a teenager along with her mother and siblings. They’d had a difficult life. Mormonism offered the serenity and stability her mother craved. “It was,” Hayes said, “the answer to everything.” Her family, though poorer than many of the well-off members, felt accepted within the faith. Everyone was so nice. The church provided emotional and, at times, financial support. As a teenager, Hayes babysat for Mitt and Ann Romney and other couples in the ward. Then Hayes’s mother abruptly moved the family to Salt Lake City for Hayes’s senior year of high school. Restless and unhappy, Hayes moved to Los Angeles once she turned 18. She got married, had a daughter, and then got divorced shortly after. But she remained part of the church.

By 1983, Hayes was 23 and back in the Boston area, raising a 3-year-old daughter on her own and working as a nurse’s aide. Then she got pregnant again. Single motherhood was no picnic, but Hayes said she had wanted a second child and wasn’t upset at the news. “I kind of felt like I could do it,” she said. “And I wanted to.” By that point Mitt Romney, the man whose kids Hayes used to watch, was, as bishop of her ward, her church leader. But it didn’t feel so formal at first. She earned some money while she was pregnant organizing the Romneys’ basement. The Romneys also arranged for her to do odd jobs for other church members, who knew she needed the cash. “Mitt was really good to us. He did a lot for us,” Hayes said. Then Romney called Hayes one winter day and said he wanted to come over and talk. He arrived at her apartment in Somerville, a dense, largely working-class city just north of Boston. They chitchatted for a few minutes. Then Romney said something about the church’s adoption agency. Hayes initially thought she must have misunderstood. But Romney’s intent became apparent: he was urging her to give up her soon-to-be-born son for adoption, saying that was what the church wanted. Indeed, the church encourages adoption in cases where “a successful marriage is unlikely.”

Hayes was deeply insulted. She told him she would never surrender her child. Sure, her life wasn’t exactly the picture of Rockwellian harmony, but she felt she was on a path to stability. In that moment, she also felt intimidated. Here was Romney, who held great power as her church leader and was the head of a wealthy, prominent Belmont family, sitting in her gritty apartment making grave demands. “And then he says, ‘Well, this is what the church wants you to do, and if you don’t, then you could be excommunicated for failing to follow the leadership of the church,’ ” Hayes recalled. It was a serious threat. At that point Hayes still valued her place within the Mormon Church. “This is not playing around,” she said. “This is not like ‘You don’t get to take Communion.’ This is like ‘You will not be saved. You will never see the face of God.’ ” Romney would later deny that he had threatened Hayes with excommunication, but Hayes said his message was crystal clear: “Give up your son or give up your God.”

Not long after, Hayes gave birth to a son. She named him Dane. At nine months old, Dane needed serious, and risky, surgery. The bones in his head were fused together, restricting the growth of his brain, and would need to be separated. Hayes was scared. She sought emotional and spiritual support from the church once again. Looking past their uncomfortable conversation before Dane’s birth, she called Romney and asked him to come to the hospital to confer a blessing on her baby. Hayes was expecting him. Instead, two people she didn’t know showed up. She was crushed. “I needed him,” she said. “It was very significant that he didn’t come.” Sitting there in the hospital, Hayes decided she was finished with the Mormon Church. The decision was easy, yet she made it with a heavy heart. To this day, she remains grateful to Romney and others in the church for all they did for her family. But she shudders at what they were asking her to do in return, especially when she pulls out pictures of Dane, now a 27-year-old electrician in Salt Lake City. “There’s my baby,” she said.

The information the authors provide about Romney’s career at Bain Capital is just as revealing of Mitt’s insensitivity and lack of empathy. Here’s just a brief quote about Romney’s attitudes toward capitalism.

Romney described himself as driven by a core economic credo, that capitalism is a form of “creative destruction.” This theory, espoused in the 1940s by the economist Joseph Schumpeter and later touted by former Federal Reserve Board chairman Alan Greenspan, holds that business must exist in a state of ceaseless revolution. A thriving economy changes from within, Schumpeter wrote in his landmark book, Capitalism, Socialism and Democracy, “incessantly destroying the old one, incessantly creating a new one.” But as even the theory’s proponents acknowledged, such destruction could bankrupt companies, upending lives and communities, and raise questions about society’s role in softening some of the harsher consequences.

Romney, for his part, contrasted the capitalistic benefits of creative destruction with what happened in controlled economies, in which jobs might be protected but productivity and competitiveness falters. Far better, Romney wrote in his book No Apology, “for governments to stand aside and allow the creative destruction inherent in a free economy.” He acknowledged that it is “unquestionably stressful—on workers, managers, owners, bankers, suppliers, customers, and the communities that surround the affected businesses.” But it was necessary to rebuild a moribund company and economy. It was a point of view he would stick with in years ahead. Indeed, he wrote a 2008 op-ed piece for The New York Times opposing a federal bailout for automakers that the newspaper headlined, let detroit go bankrupt. His advice went unheeded, and his prediction that “you can kiss the American automotive industry goodbye” if it got a bailout has not come true.

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Anyone who still sees Romney as the “reasonable” Republican candidate needs to read this article. I knew that Romney had been involved in Mormon Church leadership, but I had no idea how deeply he was involved and how committed to his religion he is. And yet, he’s probably going to be the Republican nominee, facing a weak, unpopular Obama. We’ve heard about a meeting of Conservatives to discuss possible alternatives, but Politico reports that GOP elites are saying Romney probably can’t be stopped.

We’ll see. There’s nothing more dangerous than a Newt scorned, and South Carolina looks to be unfriendly to Mitt. But the next challenge for Romney is New Hampshire, where he leads by double digits. Can Santorum and Gingrich knock him down a peg? Only time will tell.

So….. What are you reading and blogging about today? Please share.


Thursday Reads: the Winter Solstice, the Mayan Calendar, “the Kamikazes,” and More

Newsstand in Copley Square, Boston

Good Morning!!

I have a mix of news links for you this morning, but nothing too terribly depressing. As I told you Tuesday, I’ve got a bit of Christmas overload, plus I’ve had a flu bug for a few days. So lets’ start out on a positive note.

Today at 12:30AM ET was the Winter Solstice, and therefore today is the shortest day of the year. That means in a few weeks, it will get dark in the Boston area around 4:30PM instead of 4:00. Right now, twilight begins about 3:30PM. I am so looking forward to longer days. From the WaPo:

If you pay attention to these things, you’ll notice a lag of a few weeks between the time the sun begins to set later in the day and the time it rises earlier. But the 22nd is, nonetheless, in the northern hemisphere, our shortest day, and the one in which the sun hoists itself the most miserly distance above the horizon. To top it off, the daily rate at which the sun sinks lower in the sky has been slowing, until it stops. Hence the word solstice, which means that the sun “stands still.”

It’s only for a theoretical instant, of course, but it can often seem, during these days of dark and cold, as if life itself has ground to a halt. Gardening can take place in the jewel boxes of our cold frames and greenhouses, but with growth so slow that there is little for you to do. The hibernation practiced by some creatures starts to seem like a great idea, and the southern migration of others a possible plan.

Not surprisingly, the human celebrations held in this season are full of light, whether it’s from Hanukkah candles, bonfires or sparkly tinsel draped over trees. You can almost understand why people light up their lawns with electrified reindeer. The longer the nights and the greater the inactivity they foster, the more we need our spirits lifted.

The LA Times has a story about Wiccan celebrations of the Soltice.

“People are celebrating the solstice more than ever in recent memory,” said Selena Fox, who isn’t just any Wiccan priestess. She’s a psychotherapist and the founder of Wisconsin’s Circle Sanctuary, a nonprofit Wiccan church and, according to its website, a 200-acre nature preserve….

Solstice is “widely celebrated today by Wiccans, druids, heathens and other pagans; by indigenous peoples practicing traditional ways in Africa, Asia, Polynesia, Australia, Europe and the Americas; by environmentalists and astronomers; by secular humanists and Freethinkers; by eco-Christians and those of other religions and philosophies,” Fox told The Times in an interview Wednesday….

Humankind has been “observing solstices for thousands of years,” Fox said, but the celestial events have become even more of the moment. Why? Because this is an “age of climate change and a need to have sustainability on the planet,” she said, so it makes sense that a holiday that has “connecting with the cycles of nature” at its core would become popular.

And of course that is why the mythic birth of Jesus was set on December 25, to symbolize rebirth and light coming back to the world. In pagan terms, the birth of the new sun. Here’s a video of the Solstice celebration at Stonehenge in 2009.

One year from now, the 2012 Winter Solstice will mark the end of the Mayan calendar, and we’ll probably have to deal with all kinds of apocalyptic prediction about what is going to happen next. NASA has a page debunking the idea that the end of the world is coming on December 22, 2012. Of course the maniacs in Washington DC might do something that would cause the end of the world as we know it. Let’s hope not.

Yesterday, Dakinikat had a post on John Boehner’s payroll tax fiasco. First Boehner said the House would agree to a 2-month extension of the payroll tax holiday and unemployment benefits, as passed by the Senate. Then suddenly Boehner announced that Republicans wouldn’t vote for the compromise bill–now they wanted a year’s extension or nothing. WTF?!

At the Daily Beast, Patricia Murphy claims to provide the inside story on what happened.

What happened between Boehner’s agreement to follow the Senate’s lead and his tacit admission that his own caucus had overruled him? Aides and House members describe a now-infamous caucus conference call Saturday morning, when rank-and-file members blasted the Boehner-blessed deal, which they felt gave in on too many of their demands and delivered too little in return.

A closed door meeting Monday night revealed more doubts from conservatives over whether Boehner had pushed for the best deal they could have gotten and fueled Democratic frustration that Boehner, who they believe negotiated in good faith, simply cannot speak for his caucus anymore. The debacle capped a tumultuous year for the speaker, reigniting questions about how much longer he can lead the unwieldy GOP coalition, many of whose members clearly have no interest in following him where he wants to go.

Publicly, Boehner and House Republicans presented a united front this week, blaming President Obama for shortening a tax cut they say they have wanted to pass all along. But Democrats blamed a group of Republicans they’ve dubbed “the kamikazes,” the GOP freshmen who arrived in January on a wave of Tea Party anger and have shown time and again that they are willing to blow up their careers and everything around them in service to their cause.

The kamikazes’ casualty list this year is long. They blew up the debt-ceiling vote this summer, sparking a downgrade in the nation’s credit rating. They blew up the appropriations process so thoroughly that routine spending votes morphed into philosophical standoffs that nearly locked down the federal government three times and required seven temporary funding patches just to keep the lights on. And this week, they managed to blow up not just a tax cut that nearly everyone in Washington agrees is a good idea, but also their party’s hard-earned reputation for cutting taxes and, quite possibly, their chances at a long-term majority in the House and future control of the Senate.

Talk about self-immolation! In the meantime, questions are being asked about Boehner’s leadership.

At ABC’s The Note, Jonathan Karl is predicting the Republicans will fold. We’ll see. President Obama is really good at finding ways to give in to the Congressional terrorists. Maybe someone can distract him long enough to let this play out without his intervention.

Also at the the Daily Beast, there’s a creepy, yet semi-humorous story about local cops being militarized by the Department of Homeland Security, this time in my birthplace, the quiet little city of Fargo, North Dakota.

Nestled amid plains so flat the locals joke you can watch your dog run away for miles, Fargo treasures its placid lifestyle, seldom pierced by the mayhem and violence common in other urban communities. North Dakota’s largest city has averaged fewer than two homicides a year since 2005, and there’s not been a single international terrorism prosecution in the last decade.

But that hasn’t stopped authorities in Fargo and its surrounding county from going on an $8 million buying spree to arm police officers with the sort of gear once reserved only for soldiers fighting foreign wars.

Every city squad car is equipped today with a military-style assault rifle, and officers can don Kevlar helmets able to withstand incoming fire from battlefield-grade ammunition. And for that epic confrontation—if it ever occurs—officers can now summon a new $256,643 armored truck, complete with a rotating turret. For now, though, the menacing truck is used mostly for training and appearances at the annual city picnic, where it’s been parked near the children’s bounce house.

“Most people are so fascinated by it, because nothing happens here,” says Carol Archbold, a Fargo resident and criminal justice professor at North Dakota State University. “There’s no terrorism here.”

Read it and weep. If Fargo has that much military hardware, imagine what they’ve got in NYC, Chicago, and LA! Police State Amerika is here.

At the NYT, Charlie Savage reports on the Justice Department settlement with Bank of America over discrimination in mortgage lending by Countrywide.

The Justice Department on Wednesday announced the largest residential fair-lending settlement in history, saying that Bank of America had agreed to pay $335 million to settle allegations that its Countrywide Financial unit discriminated against black and Hispanic borrowers during the housing boom.

A department investigation concluded that Countrywide loan officers and brokers charged higher fees and rates to more than 200,000 minority borrowers across the country than to white borrowers who posed the same credit risk. Countrywide also steered more than 10,000 minority borrowers into costly subprime mortgages when white borrowers with similar credit profiles received regular loans, it found.

Now how about putting some banksters in jail for bringing down the economy? Not holding my breath, but at least BOA has to cough up some bucks.

Newt Gingrich has been accused of illegally profiting from his presidential campaign.

Former House Speaker Newt Gingrich became the target on Monday of a Federal Election Commission (FEC) complaint filed by the non-profit watchdog group Citizens for Responsibility and Ethics in Washington (CREW), which accused the Georgia Republican of illegally profiting off his campaign.

The complaint is based on a revelation by The Washington Post‘s Dan Eggen, who discovered that Gingrich had personally sold a mailing list to his campaign and profited to the tune of $47,005, then failed to report the transaction on a key FEC document. That’s count one, according to CREW.

That mailing list did not belong to Gingrich personally, CREW said. It instead belonged to Gingrich Productions, Inc., a private business that sells Gingrich’s books. Since he paid himself instead of Gingrich Productions, CREW alleged that a second count of using campaign money for personal expenses is called for as well. The treasurer who signed off on the deal is also accused of violating campaign finance laws.

CREW explained in their complaint (PDF) that Gingrich Productions often stages events at the same time as Newt 2012, Inc., his non-profit group and principal campaign committee, which could constitute improper corporate contributions to a political campaign in that the campaign directly benefits from Gingrich Productions’ events.

It goes on to note that the mailing list Gingrich moved from his book company to his campaign was actually a list of people who were waiting at Gingrich events to have their books signed, showing even further how Gingrich Productions and Newt 2012 work in tandem to help each other.

Whoopsie! Everybody’s out to get Newt these days. I’d love to see him end up in jail along with some banksters, but again–not holding my breath.

As you’ve all heard, Ron Paul stalked off the set of an interview at CNN yesterday after he was asked about some racist passages in newsletters he published years ago. But USA today has caught Paul in a serious contradiction about those writings.

Rep. Ron Paul has tried since 2001 to disavow racist and incendiary language published in Texas newsletters that bore his name, denying he wrote them and even walking out of an interview on CNN Wednesday. But he vouched for the accuracy of the writings and admitted writing at least some of the passages when first asked about them in an interview in 1996.

Some issues of the newsletters included racist, anti-Israel or anti-gay comments, including a 1992 newsletter in which he said 95% of black men in Washington “are semi-criminal or entirely criminal.”

Paul told TheDallas Morning News in 1996 that the contents of his newsletters were accurate but needed to be taken in context. Wednesday, he told CNN he didn’t write the newsletters and didn’t know what was in them.

Hmmmm…. I guess Mitt Romney isn’t the only flip-flopper in the Republican presidential race.

Speaking of Romney, that guy has really gone off the deep end in his efforts to court Iowa Tea Party voters. Steve Benen suggests that Romney has “lost his mind.”

Mitt Romney unveiled a brand-new stump speech in New Hampshire last night, reading a carefully-crafted, poll-tested text from two teleprompters. Confident that his Republican primarily rivals simply won’t (or can’t) catch him, the former one-term governor ignored the other GOP candidates in his speech, and focused exclusively on attacking President Obama.

Wow! Two telepromters? Now why does that sound familiar? Anyway, the point is that Romney has been reduced to following the Tea Party meme that Obama is a commie socialist. From the speech:

“Just a couple of weeks ago in Kansas, President Obama lectured us about Teddy Roosevelt’s philosophy of government. But he failed to mention the important difference between Teddy Roosevelt and Barack Obama. Roosevelt believed that government should level the playing field to create equal opportunities. President Obama believes that government should create equal outcomes.

“In an entitlement society, everyone receives the same or similar rewards, regardless of education, effort, and willingness to take risk. That which is earned by some is redistributed to the others. And the only people who truly enjoy any real rewards are those who do the redistributing — the government.

“The truth is that everyone may get the same rewards, but virtually everyone will be worse off.”

ROFLOL! Benen writes:

It stands to reason that Romney, who’s completed the transition from “progressive” views to far-right hysterics, would present a worldview different from the center-left president’s. But this speech was written in a twisted fantasy land, and it ascribes views to Obama that are simply made up. It’s just madness.

And get this: Romney wants Obama’s uncle deported!

ABC News’ Michael Falcone reports:

Presidential candidate Mitt Romney told a Boston talk radio host on Wednesday that he supports the deportation of President Obama’s Kenyan-born uncle who was arrested this fall on drunken driving charges in Massachusetts.

When asked by Boston radio personality Howie Carr whether the president’s relative, Onyango Obama, should be deported, Romney said, “the answer is ‘yes.’”

“Well, if the laws of the United States say he should be deported, and I presume they do, then of course we should follow those laws,” Romney said. “And the answer is ‘yes.’”

And last week, Romney told Sean Hannity that Obama is deliberately and knowingly hurting America for political reasons.

Hannity: The president has been using class warfare as we know. He says Republicans want dirty air, dirty water. Says Republicans want old people, kids with autism and Down’s syndrome to fend for themselves. Pretty outrageous charges.

Romney: Shameful. It’s really shameful.

Hannity: Explain, and how do you counter that if you get this nomination?

Romney: You know, I think the president has gone from being a failed presidency, a guy over his head, to someone who is now so desperate to get re-election that he’s doing things that are very much counter to the interest of the country and he knows it. In the past I think he was just misguided. Now I think he really knows that his decision in Afghanistan to pull the troops out a couple of months earlier than commanders suggested. That was not a wise, not a wise thing for the country. The Keystone pipeline, he knows we need that oil, he knows the consequences.

If Romney is this nuts now, imagine what he’ll be like in the thick of the primaries. Folks, Romney is not the “reasonable” candidate. There is no reasonable candidate on the Republican side. It’s going to be a completely insane candidate vs. a fascist pretending to be a Democrat. Followed by the end of the Mayan calendar. If we’re lucky, the world will end before the next president is inaugurated. Just kidding, I think.

I’ll end with this embarrassing for him, amusing for us, bit of gossip about Wisconsin Rep. Jim Sensenbrenner.

Rep. Jim Sensenbrenner (R-Wisc.), known for his cantankerous ways and for not speaking to media unless it’s his idea, was overheard at the Delta Crown lounge at Reagan National Airport today talking on his cellphone about an incident he said occurred three weeks ago while at an Episcopal church auction. Please note, a church auction.

Our source, a Democratic operative who heard the whole thing, said he was “very loud”. Sensenbrenner was overheard saying that after buying all their “crap” (his word) a woman approached him and praised first lady Michelle Obama. He told the woman that Michelle should practice what she preaches — “she lectures us on eating right while she has a large posterior herself.”

The operative said it sounded like he was on the phone with a staffer who was telling him that someone in the media would likely write about his comments (concerning something) to which he said it was heresy and just liberal media bias to print gossip. But “he stands by his remarks.”

Sensenbrenner is on the pudgy side. Someone should tell him that people who live in glass houses shouldn’t throw stones.

That’s all I’ve got for you today. What are you reading and blogging about?