Capitalism a Casualty of Campaign

What is happening to the Republican field?  It made some sense when Cain was attacked for being a businessman with no foreign policy experience and no political experience.  That was perhaps a fair shot at an outsider businessman candidate.

Then came the attacks on Newt for having Freddie Mac as a client.  Newt not only had Freddie as a client, but his firm made over a million dollars.  Suddenly, it was like Newt himself had caused the economic collapse.  Reasonable conservatives told me that this was insurmountable.  How could Newt, a high level business consultant, have Freddie Mac as a client?  His fellow candidates tried to make it sound like Newt was on their payroll.  Suddenly populism had overtaken the Republican party.

Then came the attacks on Romney for his time at Bain Capital.  Romney’s company created new businesses, reorganized and saved businesses, and occasionally tried to save businesses and failed.  As with any free American enterprise, Bain Capital sometimes downsized and let people go.  Romney’s opponents have seized on this, especially with the ignorant populist anti-wall street sentiment in the country today, and have tried to use this against Romney.  They have painted him as an out of touch, insanely rich “Mr. Burns” who would go in, take over small companies, and fire everyone just to make a buck.  Here’s an idea, how about a millionaire’s surtax on evil rich people like Romney?  Oops, we just became liberals.

I know, political rhetoric is political rhetoric.  You say whatever it takes to win.  But then came the really disappointing moment.  GOP rivals jumped on Romney’s statement that he likes to be able to fire people.  Romney was not saying that he likes to randomly fire people, or likes to fire employees like Bain Capital did.  Huntsman attacked Romney directly for the comment, while Newt released a video exploiting workers who had been fired as a result of Bain Capital’s work.  Romney was actually talking about the ability to not have to buy insurance, or to drop an insurance company that isn’t serving his needs.  But what does context matter in politics?  Shame on them for this line of attack.  You know it’s bad when you are attacking a moderate Republican, and even Ron Paul is standing up for the moderate.  In fact, my hat is off to Ron Paul for defending Romney against this dishonest line of attack.  Newt also eventually came to Romney’s defense about the misquote.

Newt at this point will likely lose Florida, which means he will lose the primary.  Up until this week, at least he had the opportunity to exit with his head held high.  Up to now he had run a very honest, positive campaign.  When he did go negative, it was with honesty.  His best shot at salvaging the honor in his campaign at this point is a humble apology for attacking Romney for being a capitalist.

One final note, may the best capitalist win.  Since when has populism won over conservatives?  Heck, what’s the point?  If Newt is evil for having Freddie Mac as a paying client and Romney is evil for what he did with Bain Capital, then we need to re-elect Obama.  Imagine if Trump had stayed in the race.

 

Editors note: correction from the originally posted article.  Newt did defend Romney against the attack based on his statement about firing insurance companies.  However Newt has attacked Romney for the jobs lost through Bain Capital.

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