Thursday, January 12, 2012

Taking the other guy down too

It has been rather interesting to see how the GOP field is going after each other. Perhaps I should rephrase that -- the Super PACs behind the candidates are going after other candidates. One wonders (hopes) the nominee will be so damaged in the process he can't win in November.

Terrence Heath documents what Romney said about Gingrich (causing Gingrich to drop about 20% in Iowa polls), and what Gingrich is saying about Romney. And it is all true.

First, about Gingrich:
* He was fined $300,000 for ethical violations while Speaker of the House.
* He received $1.6 million from mortgage company Freddie Mack.
* He's a career politician and continued to be so after leaving the House.
* He became wealthy through selling his influence through connections created by being House Speaker
* He has a record of being on both sides of a long list of issues, a list longer than Romney's known flip-flops.

But Gingrich is near the middle of the pack now and we may not have to worry about him getting close to the nomination. But Gingrich appears to be willing to take Romney down as he goes. So, about Romney:

Before getting into politics, Romney was head of Bain Capital, a company that bought other companies, fixed them up, and sold them for a profit. Romney likes to say that he has worked in the private sector and knows how to create jobs. But the point of Bain was to create money for investors and jobs were beside the point. And a good number of the companies bought by Bain were liquidated, taking the jobs down the tubes too. The people who used to have those jobs are now speaking out. Even when those companies were liquidated Bain -- and Romney -- made money.

Heath pulls apart the exit polling in New Hampshire and shows Romney decisively won the 1% vote.

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