Thanks to recent stories by the Washington Post and the New York Times, Bain Capital is back in the news. In particular, there’s a renewed focus on outsourcing; both newspapers found that Bain “pioneered” outsourcing during the 1990s, when it was led by Mitt Romney. This is an irresistible target for any political campaign, and it comes as no surprise to see that it forms the core of a new ad from the Obama team, where the campaign asks–pointedly–“does America need an outsourcer-in-chief?”
The core weakness in Barack Obama’s reelection effort is his poor standing with working-class whites. Obama won only 40 percent of whites without a college degree in 2008, but his strong standing with college-educated whites made up for the deficiency. This time around, the picture is much worse. He’s at 35 percent support with white voters without a college degree, and down with white voters generally.
One mark of a skilled pundit is the ability to take the day's news and mold it to shape his or her own pre-existing interests, beliefs, prejudices, and hobbyhorses. In that spirit, let me offer my thoughts on an interesting article today in the Washington Post, revealing that while Mitt Romney was the head of Bain Capital, the firm invested in companies that specialized in outsourcing jobs overseas. What does this tell us about a potential Romney presidency? Let's look at the facts first, keeping in mind that Romney was at Bain until 1999:
Mitt Romney is running as the Trojan Horse candidate of 2012, the big empty gift to America who will be wheeled into the gates of Election Night only for the bottom to pop out the next morning and whatever lurks inside to reveal itself. Watching his small disaster of an interview on Face the Nation this past weekend, we can only conclude he believes he will win the presidency by answering and offering nothing in the most calculatedly vacuous campaign since Richard Nixon’s in 1968. The difference is that in 1968 the American public knew Nixon all too well and, compared with the specifics of Nixon that people had understood for years, a vague Nixon was considered a step in the right direction.
When you do an apple-to-apples comparison of presidential fundraising last month—donations to Obama vs donations to Romney—it seems that the Obama campaign came out on top, despite what reporters said at the time:
After all the reporting from a couple of weeks ago that Romney outraised Obama in May, well technically that isn’t correct. In the true apples-to-apples comparison for the campaigns, the Obama camp outraised the Romney camp last month, $39.1 million to $23.4 million. What’s more, the Obama camp has $109 million in the bank as of May 31, while the Romney camp has $17 million.
This, from Gary Wills at the New Yorker, is one the most important realities of contemporary American politics:
[T]he man being voted for, no matter what he says, dances with the party that brought him, dependent on its support, resources, and clientele. That is why one should always vote on the party, instead of the candidate. The party has some continuity of commitment, no matter how compromised. What you are really voting for is the party’s constituency. That will determine priorities when it comes to appointments, legislative pressure, and things like nominating Supreme Court justices.
In my cover story for The American Prospect last month, I argued that Mitt Romney’s actual beliefs are less important than those of the Republican Party writ large. The modern GOP has transformed into a parliamentary-style party with rigid discipline and broad adherence to a single “program” of ideas and policies. Romney may have a more temperate personal style than other Republican politicians, but if elected president, he will work to implement the GOP’s program.
Mitt Romney’s Latino problem just got a lot worse.
President Obama’s executive order to the immigration service to cease deportations of immigrants who came here without documentation before they turned 16 has gone as far as a president can go without bringing Congress along with him. A president can’t change the legal status of the undocumented by himself, but he can issue orders to Homeland Security, which is precisely what Obama did.
This means that should Romney win the fall election, it’s entirely a matter of his discretion whether to continue, amend or revoke Obama’s order. It also means he has to take a position on the order while campaigning—and given the importance of the order, he has to take a position damn quick.
Back in April, President Obama gave a speech to the American Society of News Editors, where he excoriated Mitt Romney—and the Republican Party—for its adherence to the “roadmap” devised by House Budget Chairman Paul Ryan. In the speech, Obama presented the Ryan roadmap as modern Republicanism, distilled to its essence. He attacked the plan for its large, across-the-board tax cuts, its complete extension of the Bush tax cuts, and its plan to privatize Medicare. More importantly, he spelled out the implications of Ryan’s budget: to pay for his tax cuts, the federal government would have to suck the marrow from its social services.
Today, POLITICO had a big scoop: Wall Street has a huge crush on Mitt Romney. Surprising news, to be sure, especially given the candidate’s propensity to name drop his business experience when discussing any policy issue, his distaste for regulation, and the many corporate conglomerates Romney considers allies. The more startling news in the article is the numbers: The Romney camp is outraising Obama among financial-sector donors $37 million to nearly $5 million. That’s a 7-to-1 margin, and 19 of the top donors supported the Democratic ticket in 2008.
Obama hasn’t had the sunniest of weeks on the policy or campaign front. Jobs numbers are falling and he said some poorly chosen words at a campaign event last week. But while Obama’s economic legacy is being crafted at a mile a minute, his foreign-policy legacy is being chiseled into the marble more slowly, as his supporters, detractors, and observers try to work out whether his administration's achievements thus far are works of greatness or unsalvageable breaches of civil liberties.
A bus with Mitt Romney's name on it. (Flickr/Roger Barone)
Like many a candidate before him, Mitt Romney is getting on a bus and driving from one place to another to campaign. For some inexplicable reason, this is supposed to be more down-to-earth and folksy than driving in a car or flying. I don't know if that's because in their public transportation form buses are lower-cost forms of travel than planes, cars, or trains, but if so that doesn't make a lot of sense, given that like all candidates Romney will be riding on a luxurious, tricked-out bus, and not just hopping on a Greyhound (now that would be something). Anyhow, Romney's little sojourn has been christened the "Believe in America: Every Town Counts" tour. So, will the tour be going to every town? Not exactly...
This morning, Jeb Bush said some somewhat surprising things in a meeting with reporters, at least for a Republican. He noted that neither Ronald Reagan nor his father could be elected in today's GOP, and said in essence that Mitt Romney had moved too far to the right on immigration. He also said some of the things you'd expect a Republican to say, like that the blame for the current partisan atmosphere lies with President Obama, because he didn't seek common ground with Republicans enough. Anyone who has been watching politics for the last three and a half years knows how utterly insane this is, but in case you missed this tidbit, a bunch of influential congressional Republicans got together on the night of Obama's inauguration to lay out a plan for how they would obstruct everything they could and sabotage his presidency.
The question of what Jeb is up to sheds some light on where his party is going to find itself this coming fall, should it lose the presidential election...
If you don't follow a bunch of conservatives on Twitter, you may have missed the fact that in a press conference this morning, Barack Obama said the most horrific thing any president has ever said, an extemporaneous utterance so mind-boggling, so vile, so earth-shatteringly awful that it will forever transform the way all Americans look at him and make it plain that he should not be re-elected. What was it? "You know, Hitler had some good ideas," perhaps? "I saw Milli Vanilli on tour three times and every show was awesome"? No such luck. Behold: