Be INFORMED

Thursday, July 12, 2012

A Bad Day for Mitt Romney To Call The President A Liar

So here's Mitt Romney's new ad defending his record on outsourcing by saying President Obama "doesn't tell the truth" and calling him "dishonest" for questioning Romney's activities at Bain Capital:

Romney Ad

The ad even uses the 'L' word, inexplicably accusing Obama of having "lied" about Hillary Clinton in 2008. I don't think any voter anywhere is going to be swayed by old clips from the 2008 primary, but I guess they wanted to play the video of Hillary saying "shame on you, Barack Obama." Whatever, I guess.

Anyway, that strange blast from the past aside, Mitt Romney really couldn't have picked a worse day to defend his Bain record by calling the president a liar.

First, the Boston Globe reported that contrary to Mitt Romney's claim to have left Bain in February of 1999, documents filed with the government described Romney as Bain's "sole stockholder, chairman of the board, chief executive officer and president" as late as 2002. So Romney is either lying now or he was lying then about his affiliation with Bain.

Second, David Corn of Mother Jones reports that in 1998—during which time even Romney admits he was still running Bain—Romney invested millions in a Chinese company whose business model was to help U.S. companies outsource manufacturing. And not only that, Romney used his Bermuda shell corporation to handle a portion of the investment. So he invested in outsourcing ... while using an offshore company domiciled in an international tax haven.

So with reports like these, you can see why I say this was a bad day for Mitt Romney to call President Obama a liar. And it might be time to start asking this: is it too late for Mitt Romney to end the bleeding by releasing his tax returns? Even if the returns don't lead to further revelations, aren't the facts that are already coming to light damning?

7:53 AM PT: The Obama campaign points out that the "evidence" in Romney's ad is entirely based on news reports that accept as given that Romney left Bain in February of 1999, but as today's Boston Globe report once again documents, that is not the case. In addition, Corn's story obviously puts the lie to Romney's claim.

7:55 AM PT: Also, it's amusing to note that while Romneyland tries to use February 1999 as a cutoff date to argue that nothing that happened after that point can be blamed on Romney, the centerpiece of Romney's argument that Bain created jobs is Staples. And much of that job creation took place ... after February of 1999. So even if Romney were telling the truth about when he left Bain, he's still tried to have it both ways.

Originally posted to The Jed Report on Thu Jul 12, 2012

Wednesday, July 11, 2012

Mitt Romney: Is He The Best That The Mormons and Republicans Have To Offer?

   Mr. Romney, the Mormon man of deep convictions and principles, does the same thing that all of the Republican’s in the primaries have done. That is, they have spouted off about their faith and about their Christianity, only to turn around and “ bear false witness “ against each other, and against President Obama. When it comes to Romney though, even his Mormon principles get brushed aside during pursuit of the almighty…dollar, that is. I have to wonder just exactly which God it is that he theoretically worships. I say that it is the “ father of lies “ since Romney has that characteristic down to a science.

The discovery of Mitt's Boson

By  Jon Perr aka Avenging Angel on Sun Jul 08, 2012

Even with four months to go until Election Day, Mitt Romney's shameless lying has already become one of the defining storylines of the 2012 campaign. Theories abound as to why Romney has emerged as a reverse George Washington, a man who cannot tell the truth. Jonathan Chait turned to Freud, explaining there's a clinical term for Mitt's compulsive aversion to the truth known as "fundamental attribution error." Rick Perlstein suggested Romney's pathological dissembling could be viewed in Shakespearean terms, with Mitt playing an undoubting Hamlet determined to avenge his father's defeat most foul in 1968. Meanwhile, Paul Krugman and Mark Kleiman applied deconstructionist theory to Romney's "post-truth campaign" and "post-modern way with the facts." And in "A Quantum Theory of Mitt Romney", "The Romney Uncertainty Principle" and "Schrödinger's Romney," analysts turned to particle physics to explain why on almost any issue, Mitt Romney's position changes when observed.

But how Mitt Romney is able to get away with his effortless dishonesty has remained one of politics' enduring mysteries—until now. Steve Benen, whose series "Chronicling Mitt's Mendacity" has already reached volume XXIV, posited:

"Romney gets away with it because he and his team realize contemporary political journalism isn't equipped to deal with a candidate who lies this much, about so many topics, so often."

Put another way, Mitt Romney's falsehoods occur faster than can be observed, measured, reported and, most importantly, understood by the media charged with investigating them. The result is that voters, or at least some of them, are attracted to rather than repelled by the Republican nominee. And it's that elusive force and the distortion field it produces which give Romney's presidential campaign its critical mass and threaten to turn back the hands of time.

Call it Mitt's Boson.

Continue reading below the fold.

Like the CERN Large Hadron Collider, for months Romney has been producing a seemingly limitless number of collisions with the truth. But his falsehoods aren't merely generated faster than the speed of the news cycle, but come in all sizes as well. After all, the son of American Motors magnate and Michigan Governor George Romney, Mitt fondly recalled being with his father for Detroit's Golden Jubilee, a celebration marking the 50th anniversary of the American automobile which occurred on June 1, 1946, "fully nine months before Romney was born." Years later, Mitt would similarly "remember" seeing his dad march with Martin Luther King, Jr.

While time (and the capacity of the internet) prohibit listing them all here, Romney's frauds are of the greatest magnitude on health care and the economy, the two issues Republicans claim are most important in the 2012 election.

This week, Romney denied the individual mandate in his signature Massachusetts health care law constituted a tax, despite having repeatedly described the fees for noncompliance as "free-rider surcharges," "tax penalties," "tax incentives" and sometimes just as "penalties." (For its part, the state of Massachusetts uses the term "tax penalty.") The former Bay State governor has also pretended that he never called his 2006 Massachusetts reform "a model for getting everybody insured. "

But those two misdirections pale in comparison to Romney's health care uber lie. As he put it during a Republican debate back in December:

"Am I proud of what we did for our state? Yes. But what the president has done is way beyond what we envisioned. We were trying to take of the 8 percent of the population that didn't have insurance. The President is not just worried about the people without insurance. Obamacare is about taking over 100 percent of the people's insurance in this country."

Romney's repetition of the lie doesn't make it any more true.

The Affordable Care Act passed by Congress and signed by President Obama in the spring of 2010 targets the 17 percent of people (over 50 million people) who are uninsured. As Politifact explained in deeming Romney's fraud another "Pants on Fire" lie:

According to the Census Bureau, the percentage of Americans without health insurance nationally was slightly under 17 percent in 2009, the year Obama began pushing for the bill. According to a Congressional Budget Office estimate, the number was about the same in 2010, when the measure was signed into law. Other estimates have pegged the national number at about 15 percent.

As Henry Aaron, a senior fellow with the centrist-to-liberal Brookings Institution right noted, comparing 8 percent to 17 percent "would have been apples to apples" when it comes to the impact of the individual mandate at the center of both the Massachusetts and national plans.

But Romney's chicanery (which Politifact branded "a felony case of comparing apples and oranges") hardly ends there:

Both laws leave in place the major existing insurance systems -- employer-provided insurance, Medicare for seniors and Medicaid for the poor. They reduce the number of uninsured by expanding Medicaid and by offering tax breaks to help people with moderate incomes buy insurance, using voluntary "exchanges" that individuals and small businesses can use to purchase private-sector health insurance. Under both laws, individuals are required to have insurance or pay a penalty, a mechanism called the "individual mandate." And companies that don't offer insurance to employees must pay fines, with exceptions for small business and a few other cases.

MIT Professor Jonathan Gruber, who helped design both Romneycare and the Affordable Care Act signed by President Obama, dismissed Mitt's cynical effort to put distance between the two laws:

"The problem is there is no way to say that," Gruber said. "Because they're the same f--king bill. He just can't have his cake and eat it too. Basically, you know, it's the same bill. He can try to draw distinctions and stuff, but he's just lying. The only big difference is he didn't have to pay for his. Because the federal government paid for it."

On the economy, Mitt Romney's lying is similarly laughable. And the duplicity of the "Let Detroit Go Bankrupt" author hardly ends with his jaw-dropping declaration that "I'll take a lot of credit for the fact that this industry's comeback."

After he formally announced his candidacy a year ago by declaring when President Obama "took office, the economy was in recession, and he made it worse, and he made it last longer," fact checkers quickly demolished Romney's obvious falsehood. But despite his subsequent denial just days later that "I didn't say that things are worse," Governor Romney has never stopped regurgitating some version of his "Obama made the economy worse" lie.

Then in advance of the President's major address on the economy last month in Cleveland, Mitt Romney unveiled a new formulation of his fraud:

"The reason it has taken so long for this recovery to gain traction and to put people back to work is in large measure because of the policy choices the President made. He is not responsible for whatever improvement we might be seeing, instead he is responsible for the fact that it's taken so long to see this recovery and the recovery is so tepid."

Unfortunately for Romney, the facts and the overwhelming consensus of economists—including the nonpartisan Congressional Budget Office and John McCain's 2008 brain trust—flatly contradict Mitt's mythmaking.

The data are straightforward. Barack Obama entered office in 2009 as the Bush recession was in full swing. GDP had plummeted by a shocking 8.9 percent the previous quarter. In January alone, 820,000 jobs were lost; all told, 2.2 million evaporated in the three months before Obama's stimulus was passed in February. (That might explain why even three years after he left office, Americans still blame George W. Bush for the economic calamity he bequeathed to Barack Obama.) Now, even with the difficult recovery, the U.S. has produced 28 months of private sector job gains and a return to economic growth. And despite Romney's charge that President Obama's are "the most anti-investment, anti-business, anti-jobs series of polices in modern American history," the Dow Jones has jumped by over 50 percent since January 20, 2009 and corporate profits are at record highs even as firms' tax burden continues to drop.

Nevertheless, in June Governor Romney told a Missouri audience that the President "slowed the recovery and harmed our economy," a result Romney insisted constituted "a moral failure of tragic proportions." Sadly for him, just 24 hours earlier, the director of the nonpartisan Congressional Budget Office blew Romney's bogus claim out of the water.

As the Washington Post reported, the House Budget Committee heard testimony from CBO Director Douglas Elmendorf to answer simple question: Did the $787 billion Obama stimulus work? Unfortunately for Republican propagandists, Elmendorf clearly refuted Mitt Romney's claim that the American Recovery and Reinvestment Act (ARRA) was "the largest one-time careless expenditure of government money in American history."

Under questioning from skeptical Republicans, the director of the nonpartisan (and widely respected) Congressional Budget Office was emphatic about the value of the 2009 stimulus. And, he said, the vast majority of economists agree.

In a survey conducted by the University of Chicago Booth School of Business, 80 percent of economic experts agreed that, because of the stimulus, the U.S. unemployment rate was lower at the end of 2010 than it would have been otherwise.

"Only 4 percent disagreed or strongly disagreed," CBO Director Douglas Elmendorf told the House Budget Committee. "That," he added, "is a distinct minority."

Of course, you can fool some of the people all of the time, and that's Mitt Romney's target market.

Besides the elusive Higgs Boson, particle physics and cosmology also provide other helpful analogies for understanding Mitt Romney. Romney's gymnastic flip-flops on abortion, immigration, climate change, health care, Ronald Reagan ("I was an independent during the time of Reagan-Bush; I'm not trying to return to Reagan-Bush" became "My life experience convinced me that Ronald Reagan was right") and even flip-flopping itself ("I think you'll find that I've been as consistent as human beings can be" after having declared "if you're looking for someone who's never changed any positions on any policies, then I'm not your guy") show that Mitt, like Schrödinger's Cat, can occupy two positions at once. Or looked at another way, perhaps there's another "multiverse" in which Mitt Romney is still pro-choice and claims "my views are progressive." And when he's in doubt about what to say about his personal finances, immigration, the DREAM Act, paycheck fairness, the Lily Ledbetter Act, the Violence Against Women Act, his scrubbed Massachusetts records, details on which tax deductions and loopholes he would cut and so much else, Mitt Romney becomes a black hole, a void into which reporters' inquiries disappear, never to be answered.

He has admitted as much. As Mitt explained to the Weekly Standard, a lesson he learned from his 1994 defeat by Teddy Kennedy was to answer questions about, say, what federal agencies he'd eliminate, by answering, "I'm not going to give you a list right now." In December, the Wall Street Journal concluded that Romney's evasiveness was a feature, not a bug:

Amid such generalities, it's hard not to conclude that the candidate is trying to avoid offering any details that might become a political target. And he all but admits as much. "I happen to also recognize," he says, "that if you go out with a tax proposal which conforms to your philosophy but it hasn't been thoroughly analyzed, vetted, put through models and calculated in detail, that you're gonna get hit by the demagogues in the general election."

In Mitt Romney's world, those beings are called "demagogues." But in the rest of this universe, they are known as "voters." And thanks to the dark force of Mitt's Boson, enough of them may yet be attracted to Romney to put him in the White House.

Tuesday, July 10, 2012

Another Day, Another Obamacare Repeal Debate In The House

Tue Jul 10, 2012

For the 31st time in 18 months, Republicans in the House of Representatives are spending today debating a repeal of the Affordable Care Act, with the final vote tomorrow. This time is extra special, though, since the Supreme Court ruled last month that the ACA is constitutional. It gives a certain oomph to this iteration of the temper tantrum, the utterly futile "Repeal of Obamacare Act." It will never reach the Senate floor, but if by some miracle it did, it would be vetoed. Like wasting time is going to stop this crop of Republicans.

Demonstrating just how absurd all this is, they actually let Rep. Allen West (R-Crazytown) out in public to act as spokesman.

"I don't think it's symbolic," Rep. Allen West, R-Fla., told ABC Monday evening. "Now that we know that the truth is out there that this is a tax, we need to be able to let the American people know where we stand." [...]

"If you've got orders to take a hill, you're going to keep going until you take the hill," West, R-Fla., explained. "The American people don't want this Patient Protection Affordable Care Act. It's heinous, it's onerous. They want it gone so we as their representatives are going to continue to do what they sent us up here to do which is every way that we possibly can make sure that this bad policy, this bad law is irradiated from our rolls."

Not just repealed. Irradiated. Which is complete gibberish, but it's decisive gibberish. But what's not gibberish is what Republicans are intent upon doing, as Rep. Rosa DeLauro (D-CT) explains: "It's more than just whether or not they will do it and its politics. It is about the philosophy that is behind it and who they are willing to hurt and whose side they're on. That's what this vote is about. [...] It's making health care affordable for those who have it and for those who do not have it. That is what Republicans do not want to have happen."

Of course, it could also be about Republican members of Congress not wanting to lose the very sweet deal that they have for health care. During the negotiations, Sen. Chuck Grassley (R-IA) offered what he thought would be a cute poison pill amendment, requiring that all members of Congress give up their federal employees health benefits, and shop for their insurance on the new exchanges. Democrats loved the idea, and it was adopted. And now, Republicans want to get rid of it, and keep their very generous health insurance, which they get to keep for their whole lives, if they want to.

So it's lifetime government health care coverage for them, but not for you. That's the Republican vision of freedom.

Originally posted to Joan McCarter

Obama's Tax Plan Puts Middle Class In Spotlight Again

Georgia Logothetis on Tue Jul 10, 2012

Source

A lot of ink was used these last couple of days writing about the wealthy at Republican presidential candidate Mitt Romney's mega-donor retreat last weekend. Now it's time to talk about the middle class again.

Yesterday, President Obama urged an extension of the Bush tax cuts for the middle class while arguing that the tax cuts for wealthy Americans should expire. Here's the pundit reaction to his proposal.

The New York Times Editorial Board looks at President Obama's plan to extend tax cuts for middle class families:

In calling for cooperation from Congress, Mr. Obama said that the point is to “agree to do what we agree on”: extend the middle-class tax cuts. As a matter of fairness and responsible policy making, he said, the majority of Americans, and the broader economy, should not be held hostage again to another debate over the merits of tax cuts for the wealthy.

Unfortunately, it is not a message Congressional Republicans want to hear, committed as they are to preserving tax cuts for the rich at all costs. It is not even what some Democratic leaders want to hear, including Nancy Pelosi, the House minority leader and Senator Charles Schumer of New York, both of whom voiced support on Monday for Mr. Obama’s approach but have advocated in the past for extending the tax cuts for households that earn up to $1 million a year, a level that would please wealthy campaign donors.

But it’s a message that needs to be sent, loud and clear, over and over.

The Chicago Sun-Times:
[Obama's plan] would keep more money in the pockets of middle-class Americans, whose spending provides a direct boost to the economy, while generating $850 billion in revenues over 10 years. That’s money desperately needed to fund a host of worthy programs, from student loans to the military, without adding to the federal deficit.

Republicans say it would be a mistake to raise taxes on anyone, even on multimillionaires, at a time when the economy is so weak, and we might agree if the alternative were not worse. But we can’t imagine an America where money for education, for example, is slashed to nothing while Warren Buffett’s billions go untouched.

We also find it curious that this general GOP worry — the danger of slowing spending during hard times — fails to discourage them from chopping mightily at government spending. Too many Republicans on Capitol Hill, we fear, are doing the bidding of their billionaire benefactors or are captive to Grover Norquist’s mindless no-tax pledge.

Dana Milbank at The Washington Post:
President Obama is a reluctant populist.  [...] His reelection campaign has doubled its effort to allow the George W. Bush-era tax cuts to expire for the wealthiest Americans — a policy that should be an easy sell to the remaining 98 percent of Americans. But where he needs to be fiery and passionate, he stood in a business suit behind a lectern in the executive mansion, making a presentation that was almost apologetic.

He presented an argument that would appeal to political strategists: “The American people are with me on this. Poll after poll shows that’s the case.” [...] Obama launched his new offensive in a defensive posture, anticipating the Republican criticism and trying to defend against it.

“They’ll say that we can’t tax ‘job creators,’ and they’ll try to explain how this would be bad for small businesses,” he said. He made sure everybody knew that he “cut taxes for small-business owners 18 times” and that he wouldn’t raise taxes on “97 percent of all small-business owners in America.” [...]

So if the wealthy are going to accuse Obama of class warfare, he might as well do something to merit the charge. “Always take the offensive,” the legendary populist Huey Long said. “The defensive ain’t worth a damn.”

Ezra Klein, also at The Washington Post:
If Obama signed his name onto the upper-income tax cuts in the months before the election, it would effectively take tax rates on the rich off the table in the election, as both parties will agree on the issue, at least through 2013. But with its announcement today, the Obama campaign signaled that that’s not going to happen. And that means no clarity for the market on how — or whether — the fiscal cliff will be resolved until after November.

Some economists think the economy can weather the uncertainty — at least through to the election. ”It’s July now, and early November is soon,” says Wolfers, a visiting professor at Princeton. “While I can see the fiscal cliff having an effect on financial markets and on confidence fairly quickly, it’s hard to see that effect having much of an effect on the real economy prior to the election. Given that, if all you cared about were electoral math, it would make sense to go for the populist policy choice now.”

Konrad Yakabuski at the Globe & Mail:
Mr. Obama moved on Monday to revive his push for higher tax rates on the wealthiest Americans, making the proposal a key plank of his re-election strategy. It marked a new offensive in his attempt to cast Republican nominee Mitt Romney as a ruthless corporate raider whose policies would protect the rich. Mr. Romney is against all tax increases.

While Mr. Obama’s position is not new, he had not pushed it much in recent months. By suddenly making income inequality a key part of his re-election strategy, Mr. Obama may be hoping to take the focus off a stubbornly high unemployment rate and discontent over his health-care overhaul, both of which have dominated the news in recent weeks.

The tax plan also provides a unifying theme for his campaign. Some Democrats had complained that it had been lacking as the President centred most of his efforts on wooing selected segments of the electorate, such Latinos, gays and single women.

Tamara Keith at NPR:
Much of the political focus when discussing the Bush-era tax cuts is on the wealthy, but they're not the only ones who would be affected if the tax cuts are allowed to expire at the end of this year.

The vast majority of American taxpayers would take a hit, including Randi Cartmill and her husband Josh Walling who live in Madison, Wis., with their three children.

The family's household income hovers a little below the national median, in the $40,000 to $50,000 range. Cartmill says the tax cuts have helped the family's bottom line.

Reuters:
"Small businesses who are struggling to make payroll and working families who have tightened their belts to meet their budgets cannot afford to be hit with a massive tax increase come January," Republican House Majority Leader Eric Cantor said.

Democrats say that line of attack is misleading, pointing out that 97 percent of small businesses would not be hit, according to nonpartisan congressional estimates.

Also, mega law firms and hedge funds are part of that category - not exactly sympathetic figures for Republicans looking to portray Obama as a job killer ahead of the November 6 election.

Joshua Green at Bloomberg Businessweek:
As the GOP primaries revealed, Romney has a strange compulsion to talk about his wealth in unbecoming ways: joking to a group of unemployed people, for instance, that he, too, is unemployed. James Fallows dubbed this Romney’s “gaffe Tourettes.”

More often, though, Romney invokes his wealth as a political defense in a way that’s clearly intentional and no less unattractive. Questions about everything from his business practices at Bain Capital to the problem of growing income inequality are routinely met with the claim that people are just jealous of all his money. A good example is this Today Show interview with Matt Lauer wherein Romney dismisses Lauer’s questions about income inequality as “very envy-oriented” and a matter best discussed in “private rooms.”

Wealthy presidents from John F. Kennedy to George W. Bush were far more gracious and thoughtful about the subject of their wealth, and, not coincidentally, more successful politically than Romney has been when speaking about his own.