Tuesday Reads: SC Republican Debate, Karen Santorum, and Did Mitt Really Win Iowa?

Good Morning!!

Last night was the Fox News/WSJ South Carolina Republican Debate. As usual, it was a nightmare. It’s so strange to listen to people who feel they need to defend themselves if they ever did a decent thing in their lives or ever subscribed to some rational opinion or policy. And these men claim to be “Christians.” We had a live blog of the horrible thing, so check it out if you’re interested in what we said off the top of our heads.

I’m writing this late Monday night, so all the reactions to the debate haven’t come out yet. I’ll update in the comments in the morning, but here’s a preliminary report from Fox News.

Gingrich and Perry led the assault against Romney’s record at Bain Capital, a venture capital firm that bought companies and sought to remake them into more competitive enterprises.

“There was a pattern in some companies … of leaving them with enormous debt and then within a year or two or three having them go broke,” Gingrich said. “I think that’s something he ought to answer.”

Perry referred to a steel mill in Georgetown, S.C. where, he said, “Bain swept in, they picked that company over and a lot of people lost jobs there.”

Romney said that the steel industry was battered by unfair competition from China. As for other firms, he said, “Four of the companies that we invested in … ended up today having some 120,000 jobs.

“Some of the businesses we invested in were not successful and lost jobs,” he said, but he offered no specifics.

Romney claimed that the steel mill in SC that went bankrupt had been purchased by another company after he left Bain, and that all the employees were offered jobs, but not at union wages. Perry also demanded that Mitt release his tax returns. Mitt very nervously said he would “probably” do that in April. He is leaving the decision “open,” but made no definite commitment. Romney supported indefinite detention of American citizens without due process, while Ron Paul argued that American citizens should have the right of Habeas Corpus.

The Wall Street Journal had a live blog of the debate as did the Washington Post and Andrew Sullivan at The Daily Beast.

Did you know that Karen Santorum lived with an abortion doctor close to three times her age before she met and married Rick? There’s a pretty detailed piece on this at The Daily Beast. Mrs. Santorum’s

live-in partner through most of her 20s was Tom Allen, a Pittsburgh obstetrician and abortion provider 40 years older than she, who remains an outspoken crusader for reproductive rights and liberal ideals. Dr. Allen has known Mrs. Santorum, born Karen Garver, her entire life: he delivered her in 1960.

“Karen was a lovely girl, very intelligent and sweet,” says Allen, who at 92 uses a walker but retains a sly smile. A wine aficionado who frequented the Pittsburgh Symphony and was active in the local chapter of the ACLU, he lives with his wife of 16 years, Judi—they started dating in 1989, soon after he and Garver split—in the same large detached row house where he lived with the woman who would become Santorum’s wife. He and Garver also lived for several years in another house a few blocks away. “Karen had no problems with what I did for a living,” says Allen, who helped start one of the first hospital-sanctioned abortion clinics in Pennsylvania. “We never really discussed it.”

Karen Garver Santorum with former live-in lover

In fact, Karen told her older lover that he would like Rick, who was then pro-choice and “a humanist.” More from Hass’ story:

Mary and Herbert Greenberg, longtime friends of Allen’s through Herbert’s job as concertmaster of the Pittsburgh Symphony, recall that Karen had seemed entirely familiar and comfortable with the subject of abortion when the couples socialized. In October 1983, Mary Greenberg (who had moved to Baltimore with her husband) flew to Pittsburgh to consult Allen about an abortion. He directed her to colleagues at the Women’s Health Center; Karen, recalls Mary, immediately offered to accompany her to the clinic. “She told me it wasn’t that bad, that I shouldn’t be worried,” says Mary, who ultimately went on her own, and met Allen and Garver for dinner later that night. “She was very supportive.”

Allen says they split up because Karen wanted to have children and he had been there and done that already.

I’m just fascinated by this. I spent most of yesterday reading about the Santorums, and trying to figure out when and how their dramatic conversion took place. Neither was raised in a fundamentalist home, and neither was particularly religious before they got married. Then something happened. It really smells cult-like to me. I’m wondering if Santorum was approached by a fundamentalist group when he entered national politics. According to friends, he was a moderate Republican at first and then suddenly went off the deep end. If I can figure out what happened, I’ll write a post about it.

This is interesting. According to the Washington Times, fundy activists are now fighting over the endorsement of Santorum by the group of 150 who met in Texas on Sunday.

In an evolving power struggle, religious conservatives are feuding about whether a weekend meeting in Texas yielded a consensus that former Pennsylvania Sen. Rick Santorum is the best bet to stop Mitt Romney’s drive for the Republican presidential nomination.

A leading evangelical and former aide to President George H.W. Bush said he agreed with suspicions voiced by others at the meeting of evangelical and conservative Catholic activists that organizers “manipulated” the gathering and may even have stuffed the ballot to produce an endorsement of Mr. Santorum over former House Speaker Newt Gingrich.

Mr. Santorum, who nearly upset Mr. Romney in the Iowa caucuses, won the first ballot ahead of Mr. Gingrich in Saturday’s Texas meeting but the margin was too slim for organizers to claim a consensus. It was not until the third ballot, taken after many people had left to catch flights back home, that Mr. Santorum won more than 70 percent of those still in attendance and claimed the endorsement.

Former White House evangelical-outreach official Doug Wead, who represented GOP presidential hopeful Texas Rep. Ron Paul at the event, said it appeared the outcome obviously was determined in advance by the choice of the people invited.

The article is pretty funny. Read it if you enjoy fights among right wing nuts.

There has been talk that Romney was credited with too many votes in Iowa and should have come in second. Now Byron York is saying it could be true. According to York,

there is a very real chance that the Republican Party of Iowa will announce this week that Rick Santorum, and not Romney, won the Iowa caucuses.

Results released on caucus night — actually, at 2 the next morning — showed Romney won by eight votes, 30,015 to Santorum’s 30,007. Many observers assumed that those results were final, especially when party officials said there would be no recount.

But the results were not final. Even though there is no provision for a recount in the party caucuses, state GOP rules do require that the results be certified, which is nearly the same thing. That certification process began the day after the caucuses and is expected to wrap up this week, yielding a final, official vote tally…..

In the past two weeks, party employees have been working nearly nonstop to certify the results from each of Iowa’s 1,774 precincts. During that time, they have regularly briefed campaign representatives on what’s going on. In the next few days, they are expected to finish tallying and certifying the last Form Es and come up with official certified results.

The final numbers will be different from those released on caucus night. One campaign source says the vote count as of midday Monday showed Santorum ahead by 80-something votes. If that number holds through certification of the last precincts, Santorum will win. Of course, there is always the possibility that some of the final precincts will contain discrepancies that put Romney back on top. It’s just not clear.

Hmmmmmmm….

Many internet sites, including Sky Dancing plan to go dark tomorrow, Jan. 18, as a protest against the Stop on-line piracy (SOPA) and Protect IP (PIPA) acts. The big news last night was that Wikipedia is joining the protest.

Might want to get your Encyclopedia Britannica set out of storage: Wikipedia will go dark Wednesday, joining a growing number of popular websites staging an online revolt against two anti-piracy bills.

Founder Jimmy Wales made the announcement in tweets on Monday, telling followers his goal is to “melt phone systems in Washington” in opposition to the Stop Online Piracy Act in the House and the PROTECT IP Act in the Senate.

The online protest puts Wikipedia in the company of other websites such as Reddit and popular games such as Minecraft in leveraging its substantial size and clout to campaign against the bills. Wales suggested on Twitter the impact of the blackout could be significant, given that “comScore estimates the English Wikipedia receives 25 million average daily visitors globally.”

We’ll have more information today on Sky Dancing’s plans. As of now, we plan to black out our site beginning at 8AM Wednesday. The protest is scheduled to end at 8PM Wednesday night, so we’ll be posting after that.

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


Evangelical Leaders Agree to Back Santorum

Yesterday around 150 evangelical leaders met at a Texas ranch to discuss a last ditch effort to deny Mitt Romney the Republican presidential nomination. In the end, a large majority agreed to support Rick Santorum, although they stopped short of asking other candidates to drop out. In anticipation of the meeting, Peter Wallsten and Karen Tumulty wrote in the Washington Post:

A near-panic has taken hold among some core conservative activists, who are now scrambling to devise a strategy to deny Mitt Romney the Republican presidential nomination….

Many of these activists see South Carolina’s primary on Jan. 21 as their last best hope of stopping Romney by consolidating in a united front against him. But many acknowledge that they have yet to figure out which of the remaining conservative rivals to rally behind and which should get out.

The Romney conundrum will be on the agenda Friday when about 150 evangelical leaders huddle at a Texas ranch to debate their next move. Likewise, the subject of consolidating conservative opposition to the former Massachusetts governor is expected to be a major point of discussion among about 500 attendees at a tea party convention set for this weekend in Myrtle Beach, S.C., where the list of speakers includes two Romney rivals seeking the conservative mantle, Newt Gingrich and Rick Santorum.

According to the Christian Broadcasting Network:

Tony Perkins, president of the Family Research Council says conservatives are looking for a candidate who will repeal the nation’s health care law, fight for pro family values and address the national debt….

Expect conservative groups to start individually motivating their constituents to work for Santorum. Also look for more money and resources to start pouring into Santorum’s campaign. No question about it, this is excellent news for Santorum’s camp and a major blow to the Gingrich and Perry camps.

The LA Times has more from Perkins, who must be the ringleader of this uprising.

Tony Perkins, the president of the Family Research Council, said the decision was reached after three rounds of balloting, with Santorum winning 85 votes in the final round, to Newt Gingrich’s 29. Texas Gov. Rick Perry had strong support at the beginning of the process, but was eliminated after the first round of balloting, Perkins said.

“The focus here was on people putting aside their preferences, putting aside the candidate they had signed up with, trying to reach a consensus,” Perkins said.

“Rick Santorum has consistently articulated the issues that are of concern to conservatives, both the economic and the social, and has woven those into a very solid platform,” Perkins said. “And he has a record of stability…He’s reliable.”

As I see it, they’ve chosen the candidate least likely to appeal to general election voters. I can’t imagine Santorum winning the nomination. I guess the real question is how many of these evangelicals will come around to voting for Romney in the end and how many of them will sit stay home on election day.


Is This the Conversation We’ve Been Waiting For . . . Or Not?

The recent brouhaha over Newt Gingrich and Mitt Romney locking horns over Romney’s involvement [I created 100,000 jobs] at Bain Capital has raised speculation that a conversation about capitalism, the way it’s been practiced these last 30-40 years, is about to commence, a conversation that is way overdue.

The irony is that the issue has been brought to the fore by Republican candidates, none of whom questioned the blowback of leveraged buyouts [LBO] and private equity firms in the past or even whispered the traitorous phrases–crony capitalism, vulture capitalism–in public.  In fact, the centerpiece of GOP economic theory is free market fundamentalism—set the market free, unfetter business from governmental regulation and Heaven’s Gate will open.

Not quite.

There’s the 2008 meltdown to contend with, the abuses of Wall Street and a clear example that Greenspan’s ‘self-regulating’ market theory was a cruel and greedy joke.  Following the meltdown, Greenspan himself glumly admitted his worldview was incorrect.

In addition, we have plenty of evidence that the so-called Trickle-Down philosophy has not ‘raised all ships’ as heralded by the true believers but rather led to huge income disparities, flat wages and the death-rattle of the middle-class.

Yes, there is the question of globalization.  Like it or not, we have grown interconnected.  But when decisions are made purely on profit, the quicker the better, then transferring manufacturing abroad, exploiting cheap foreign labor, taking advantage of lax worker safety rules and nonexistent environmental regulations begins to make a twisted sort of sense.  So, too with trade agreements made deliberately lopsided and unfair because these ‘deals’ have no national loyalty.  Profit is king; all else is subservient.

The long-term damage is massive.  We don’t have to speculate about this.  The evidence is everywhere in our unemployment numbers [which are far worse than reported] and the slide into poverty for alarming numbers of Americans.  Add in the housing crisis, still escalating health care costs, the Gulf oil spill, endless wars, the battles over extracting oil, coal and natural gas while refusing to work on rational and workable alternative energy policies,  and .  .  .

Well, it’s enough to make your head explode.

But suddenly, the door has flown open for a conversation on what it means to be a shareholder capitalist.  The unquestioned virtue of profit over all else has begun to raise its ugly head.

For instance, what value [if any] is created for a society when money is valued above all else, valued over the welfare of fellow citizens–the sick, the disabled, even our children.  What value is maintained when corners are cut, laws rewritten, ridiculous tax policies hyped as necessary for growth and future job creation?  But the mythical jobs, positions offering a living wage, never come. What does it mean when massive profits stream only to the top tier of the population, the so-called job creators, while everyone and everything else is left to flounder?

I call it a no-value deal–a lie, a theft–the magnitude of which hollows out a society, sucks it dry.

For too long Newt Gingrich [for all his caterwauling now] and his like-minded buddies have called it the free enterprise system.  Free for whom?  Certainly not for the families who have lost their homes, seen their jobs exported and have no reasonable expectation that their own children will ever see better times.  Not with the continuation of what Dylan Ratigan has termed Extractionism, a system that takes money from others without offering anything of value, anything that actually promotes growth or improves society.  This is a system that merely fills the coffers of the Extractionists, while they play a heady game of King of the Mountain and continue to spread the folklore that this is what freedom and liberty look like.

But let’s be fair.  Mitt Romney is not the devil incarnate, nor is Bain Capital the worst of the worst.  Much of what Newt Gingrich’s SuperPac is selling to the electorate conveniently let’s Wall Street and multinational corporations off the hook.  The ads fail to mention the cushy collusion of legislators who push laws and tax breaks to keep the circle spinning.  And Washington Democrats who may be dancing the happy dance now are just as guilty of supporting the status quo, going along to get along, eagerly taking campaign donations from their own smiling Extractionists.

Is this the conversation Republicans are offering?

Sorry, no.

Rush Limbaugh has been apoplectic on the issue.  According to Limbaugh, Gingrich has ‘Gone Perot.’

So you might say that Newt now has adopted the Perot stance, because he just said it: ‘I’m gonna make sure that Romney doesn’t come out of New Hampshire with any momentum whatsoever.’ And he’s using language that the left uses, and he’s attempting to make hay with this. You know, he’s trying to dredge up and have long-lasting negatives attach to Romney [this is what’s so unsettling about this] in the same way the left would say it. You could, after all these bites, say, “I’m Barack Obama, and I approve this message.

Rudy Giuliani also weighed in.

What the hell are you doing, Newt?” Giuliani said this morning on “Fox and Friends.” “The stuff you’re saying is one of the reasons we’re in this trouble now.

This whole ignorant populist view of the economy that was proven to be incorrect with the Soviet Union with Chinese communism.

Oh yes, the ‘ignorant populist’ view that has beamed a light on business as usual.  Which btw, is not working, except for a tiny fraction of the American public.  If anything, Uncle Newt has pulled back the curtain and revealed an unsettling truth.

This might not be the full-throated conversation Americans need to engage in.  Still it’s a beginning from a most unexpected quarter, whose raison d’etre is as caught up in short-term results as are its economic principles.  Almost Occupy Wall St. in nature, the conversation is now in the open.  This is a conversation that defies Mitt Romney’s suggestion that sensitive subjects are better left to the privacy of ‘quiet rooms.’

This is the conversation of the moment.  The first word, the opening sentence.  It has just begun.


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.