Skip to main content

Daily Kos-SEIU polling banner

Public Policy Polling for Daily Kos & SEIU. 5/31-6/3. Registered voters. MoE: ±3.1% (no trendlines):

There's nothing like a phony media-created phenomenon. After Newark Mayor Cory Booker created a press firestorm (and drove his political career on to the rocks) with his whining about Democratic attacks on Mitt Romney's work at Bain Capital, we wanted to find out if anyone actually even knew who Cory Booker was. The answer:

Q: Do you have a favorable or unfavorable opinion of Cory Booker?

Favorable: 17
Unfavorable: 14
Not sure: 70

So, not really. Indeed, these numbers come after Booker received days of saturation media coverage. Before that whole brouhaha started, Booker was undoubtedly even more of a nobody. But he was certainly wrong about whether or not Bain matters:
Q: Does Mitt Romney’s work at Bain Capital make you more or less likely to vote for him, or does it not make a difference?

More likely: 18
Less likely: 38
No difference: 41
Not sure: 3

Predictably, Democrats are turned off by Romney's history at Bain (59-9 say it makes them less likely to vote for him—but of course, few Democrats were planning to vote Romney anyway). Republicans, though, are less jazzed about Bain (by 34-12, they're more likely to support him because of his work). Independents, to the extent they are up for grabs (though most, in reality, have already made up their minds), are probably the most interesting group here. Forty percent say Bain makes them less likely to vote Romney and just 11 percent say it makes them more likely to do so.

This suggests that Bain Capital is indeed a potent line of attack—and that no one should care what Cory Booker says.

P.S. As always, our approval and favorability numbers can be found on our weekly trends page. It looks like we wound up with an unusually Democratic-heavy sample this week—click through and you'll see what I mean.

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

  •  OT, Question about "Job Creators" (6+ / 0-)

    If Romney, Bain, etc. are "job creators" then why do "job creators'" corporate stock prices INCREASE as soon as they announce huge layoffs?

    •  Workers used to be assets on the balance sheet... (1+ / 0-)
      Recommended by:
      Aquarius40

      now they're expenses on the income statement....Reduce headcount....more money for me.

      •  just a joke....i'm no accountant. (0+ / 0-)
        •  interestingly enough, you're (0+ / 0-)

          not far off. corporations, as part of a plan to sell/buy other companies, would attempt to allocate part of the fair market value of the company to what they called an "in-place work force", and gave it a depletable useful life of 5 years.

          in essence, they created, out of thin air, a valuation for their current employees, solely for tax purposes. it was so bogus no one really bought into it, least of all the supreme court, who had the temerity to point out:

          1. the company hadn't actually capitalized the costs involved in hiring said employees, they expensed them.

          2. with a 5 year useful life, the entire work force should be replaced, by the end of the fifth year. of course, this didn't happen, because it would have been disasterous to the company.

          the whole purpose was to convert what would have been non-deductible goodwill, into a depletable "other" kind of asset. an asset that only ever showed up when the company was bought/sold. this is why really good tax attorneys rake it in.

  •  Memo to Self: Find out who's squealing about Bain. (2+ / 0-)
    Recommended by:
    TomP, Pinto Pony
  •  I could not agree more. n/t (1+ / 0-)
    Recommended by:
    rmx2630

    The victorious strategist only seeks battle after the victory has been won, whereas he who is destined to defeat first fights and afterwards looks for victory.

    by Pacifist on Tue Jun 05, 2012 at 10:36:52 AM PDT

  •  It is important to keep up Bain attacks. (11+ / 0-)

    They work and they also show which side we are on.  Workers or the rich folks who fie them.

    For Obama to win, he must create a choice between the middle class and the wealthy.  Running on technocratic issues won't do it.

    So far, I'm happy with how they are campaigning (not that I have a say in it).  

    I hope they come back to Bain this fall.  

    I'm from the Elizabeth Warren and Darcy Burner Wing of the Democratic Party!

    by TomP on Tue Jun 05, 2012 at 10:41:17 AM PDT

  •  Bain AND Mass. (2+ / 0-)
    Recommended by:
    Aquarius40, Nailbanger

    R-Money claims that his Bain experience made him a better governor for Massachusetts.  And it does seem like he applied those Bain principles to governing: he watched as middle class jobs vanished and loaded up the state with a lot of debt before departing.  Another borrow-and-spend "conservative"?


    My country, right or wrong; if right, to be kept right; and if wrong, to be set right.—Carl Schurz
    Give 'em hell, Barry—Me

    by KingBolete on Tue Jun 05, 2012 at 10:43:05 AM PDT

  •  It's anecdotal, but... (6+ / 0-)
    Recommended by:
    Nailbanger, Supavash, varro, mcmom, rmx2630, rja

    My very Republican brother-in-law, who's a corporate counsel and partner at a large wealth management firm in Michigan, once said that the type of business that Bain was in made even him squeamish.

    If it makes my brother-in-law, tax attorney for the 1%, nauseous, what'll happen when the rest of America comes do understand how Romney made his millions?

    The Bush Family: 0 for 4 in Wisconsin

    by Korkenzieher on Tue Jun 05, 2012 at 10:43:08 AM PDT

    •  what your bro-in-law does, and (0+ / 0-)

      what bain does, are two different things entirely. although, it's possible there might be some convergence.

      partner at a large wealth management firm
      bain specifically seeks out companies in trouble, but with valuable, undervalued assets. they then buy the company, loading it up with debt (collateralized by those undervalued assets), pay themselves huge management fees, and distribute huge dividends to themselves. then, the company declares bankruptcy and folds, leaving others to pick up the pieces. oh, and putting people out of work.

      your bro-in-law simply manages the investments of his clients, either in mutual funds or specific equities and debt. big difference.

      •  Yes, it is a big difference. (0+ / 0-)

        Yet, it is reasonable to assume that the bro-in-law, as a result of his job, would have a firm understanding of what Bain, and companies like Bain do, and the effect that has.  He's in a position to know, and it makes him nauseous .  It's opinion, but it's an informed one.

  •  Don't Agree re Bain Attack (4+ / 0-)
    Recommended by:
    rcnewton, belzaboo, jhecht, Jerry J

    When you attack Bain you are perceived to be attacking making money.  What Independent voter is not into that?  On the other hand attacking Romney's record as Mass Governor is an open book and fair game.

    Sure Romney cost lots of Americans jobs at Bain, but that in reality was his job.  On the other hand creating jobs was his job as Governor at which he failed miserably!

    Go after his record as Governor it's a win, win...

    •  The attack is not and never was on BAIN...it was (2+ / 0-)
      Recommended by:
      Supavash, bythesea

      on Romney's tenure there......Then it got conflated into an attack on motherhood.....relax.

    •  Did you read the post? Polls showed (4+ / 0-)

      "independent" voters went 40-11 against Romney due to Bain.

      "Lone catch of the moon, the roots of the sigh of an idea there will be the outcome may be why?"--from a spam diary entitled "The Vast World."

      by bryduck on Tue Jun 05, 2012 at 10:48:03 AM PDT

      [ Parent ]

      •  Polls Smolls (0+ / 0-)

        Romney's tenner at Bain is debatable bad and good depending on who's definition, meaning confusing to the general public

        Romney's record as Mass Governor is public record has lots of thing to hate, for all voters, from job creation, to rolling back equal opportunity (reversed), to Romenycare.

        Besides, Romney is running against Obama's record as an elected official so why not his?  And he's got lots of positions to the left and right to defend!

        Smoke him out I say...

    •  middleoftheroadDem - You're wrong. (2+ / 0-)
      Recommended by:
      Supavash, conniptionfit

      As I posted yesterday, both Bain and Romney's tenure as Governor of MA are two sides of the same coin.  There's no need to separate the two of them (or have fear of one issue being misconstrued) because they both fit together in the same narrative.

    •  Actually, I think there is an argument (1+ / 0-)
      Recommended by:
      conniptionfit

      to be made against making $$ that the average person can agree with.  Most folks agree with capitalism.  Most people disagree with making money unscrupulously.  To bleed a company dry of assets and then dump the company taking folks pensions and retirment with them.  

    •  The argument is about What Bain Is as opposed to (1+ / 0-)
      Recommended by:
      mcmom

      what a President is.

      Bain is about "Me".  Governing is about "We".

      "Nothing in all the world is more dangerous than sincere ignorance and conscientious stupidity." --M. L. King "You can't fix stupid" --Ron White -6.00, -5.18

      by zenbassoon on Tue Jun 05, 2012 at 11:17:58 AM PDT

      [ Parent ]

    •  it isn't "making money" that's the (0+ / 0-)

      problem with bain, it's how they made their money, that people find appalling. it's the difference between the bank that cashes your check, for a nominal fee, and the check-cashing company that does it for an outrageous fee. both are legal businesses, both make money. one does it by charging a reasonable fee for the service, the other does it by taking advantage of people who can't afford a bank account. which one do you want to be associated with publicly?

    •  No, Bain did not 'make money' it STOLE it net, fro (0+ / 0-)

      m good companies that paid good wages to real people, under rMoney.  Next you'll be claiming Gordo Geko was a humanitarian.

      Besides, your a fool if you think the Indie are that stupid.  Voters know the difference b/t making things and piling-up-the-debt-on-others-so-you-can-steal-some Thug-anomics. Its exactly what BushCo did to the country until the bill came due and they caused the Little Depression.  Its exactly the same thing rMoney did at Bain.  It is in fact thier business model, and changing names from 'corporate raiders' to 'equity' doesn't change that.

  •  So Obama's +8% is due to oversampling of D's (2+ / 0-)
    Recommended by:
    Supavash, Jerry J

    and not due to the whole world and their mother realizing what a spineless gutless piece of shit Mittens is?

    Oh well..

    Divide and rule, a sound motto. Unite and lead, a better one. ::Goethe::

    by Jeremy10036 on Tue Jun 05, 2012 at 10:43:43 AM PDT

  •  What do all the Bain ass-kissers have in common? (2+ / 0-)
    Recommended by:
    Nailbanger, perkinwarbek

    They're all deep into the financial sector.  Without the financial sector, where would Booker, Schumer, Gillibrand, etc. be?

  •  Yes! We've gotta go right after Bain. Bain (4+ / 0-)

    represents (accurately) the dark side of capitalism, where successful companies are turned into prey, dismembered, loaded up with debt, and their remaining pieces sold off for profit.

    It's a teachable moment.  Capitalism is not always good.  Some varieties generate prosperity, others allow parasites to steal that prosperity.

    Plus we've got to win this or we're doomed.  Bain is a justifiably juicy target.  

  •  Booker didn't go after Newt on this (0+ / 0-)

    Why?

    Republicans take care of big money, for big money takes care of them ~ Will Rogers

    by Lefty Coaster on Tue Jun 05, 2012 at 10:49:35 AM PDT

  •  I don't think you need to attack on Bain. (0+ / 0-)

    It's already in the ether.  Instead, you attack on Massachusetts, where you make the case that the man who ran Bain (and supposedly was such a great businessman), was a lousy governor.  That leads in two directions: either good businessmen make lousy public servants; or maybe he wasn't such a good businessman after all.  

    I think this is the Obama campaign's attack line,  BTW -- feint on Bain, attack on Massachusetts.

    Après le thé, le déluge. -- Glenn Beck, aka Napoleon XIV

    by mspicata on Tue Jun 05, 2012 at 10:49:48 AM PDT

    •  Our legitimate target (1+ / 0-)
      Recommended by:
      chrismorgan

      Is any target that the Romney campaign promotes as his qualification for being elected President. Its HIS resume, one he has repeatedly touted as a qualification.  This makes Bain not only a legitimate target, but our duty as citizens to investigate his claims.  He says it makes him a job creator.  Does it?  How is it wrong to point out that his record proves that he was also a job destructor?

    •  Of course you NEED to keep pushing Bain, memories (0+ / 0-)

      are about 5 seconds anymore.  We go quiet on it and in a month it'll be 'what's Bain?'

  •  Triangulation (1+ / 0-)
    Recommended by:
    Supavash

    This duality can be seen as democrats splitting--or it can be seen as a big tent group that has its differences but lives together quite happily.

    It's a new kind of anti-triangulation if you will, that shows that big money democrats and populist democrats can all be happy with President Obama.

    It's a great contrast with Republicans--whose tent is getting smaller and smaller.  Romney has very little wiggle room.

    Cory Booker's remarks may have been a slip--but I don't think that Deval Patrick would have said anything on this without framing it with Obama first.

    Everything will be okay in the end. If it's not okay, it's not the end.

    by NCJim on Tue Jun 05, 2012 at 10:51:54 AM PDT

  •  But... but... but... Clinton! (0+ / 0-)

    ;-)

    •  Clinton what, Trix? (0+ / 0-)

      Those who forget the pasta are doomed to reheat it.

      by CarolinNJ on Tue Jun 05, 2012 at 10:57:21 AM PDT

      [ Parent ]

    •  Yes, who made himself the fly in the ointment (1+ / 0-)
      Recommended by:
      perkinwarbek

      over the Bain piece of the pincer attack.

      Any further attack on Bain becomes a proxy attack on Bill who pre-empted and gutted the whole thing by saying that Mitt did "good work" at Bain and had a "sterling business career".  Personally, I think Bill was just as offended at the attack on business as Republicans were when Newt did it and his instinct was to rush to protect his friends even before it was to aid the Obama campaign.

      But, I have no problem with that. Let Bill Clinton stand by his words if he really believes them and let the Obama campaign focus on the seamy underbelly of Bain under Mitt. All I ask is that if they do go the Bain route that there is a there there. Bring on the widows and orphans and let us see the real live human costs of the car elevator!

      “Human kindness has never weakened the stamina or softened the fiber of a free people. A nation does not have to be cruel to be tough.” FDR

      by Phoebe Loosinhouse on Tue Jun 05, 2012 at 11:15:46 AM PDT

      [ Parent ]

  •  The Bain attack only has to work in one state..... (10+ / 0-)

    ....Ohio.  If it does, the election is over.

    Considering how many Ohio factories have been closed and jobs shipped overseas, there is no reason for it not to resonate.

  •  As a NJ resident, I will continue to pay attention (0+ / 0-)

    to Booker.  He has gubernatorial aspirations and the BAR marks him as fully compliant with the 1%.  In with the in crowd.  Booker is another Republican posing as a Democrat to get elected in an overwhelmingly Democratic district.

    Those who forget the pasta are doomed to reheat it.

    by CarolinNJ on Tue Jun 05, 2012 at 10:56:23 AM PDT

  •  When the question was asked of people (1+ / 0-)
    Recommended by:
    conniptionfit

    who had lost their jobs and pensions because of Mitt Romney and Bain Capital:

    Q: Does Mitt Romney’s work at Bain Capital make you more or less likely to vote for him, or does it not make a difference?

    More likely: Are you kidding?
    Less likely: Fuck Mitt Romney!
    No difference: What a stupid question.
    Not sure: Hell yes I'm sure!

    Ann Richards on how to be a good Republican: You have to be against all government programs, but expect Social Security checks on time.

    by shoeless on Tue Jun 05, 2012 at 10:59:25 AM PDT

  •  This whole ado about Booker is absurd (3+ / 0-)
    Recommended by:
    varro, conniptionfit, chrismorgan

    No one outside the Beltway or those of us living in the Kos bubble give a shit about what he says or thinks because almost no one knows who he is. The average person is so ignorant of government in this country that most cannot answer basic civics questions, much less know anything about a sunday talk show comment by the mayor of Newark. Try this experiment.  Ask people who you work with, go to school with , etc... who their senators are, what NAFTA or the Fed is and prepare to be flabergasted.

    Just another day in Oceania.

    by drshatterhand on Tue Jun 05, 2012 at 10:59:50 AM PDT

    •  Not even that.... (1+ / 0-)
      Recommended by:
      conniptionfit

      ....if you don't live in or around Newark, what motivation is there to know who the mayor is and what he thinks?

      The Very Serious People were attracted to Booker's comments, since the Very Serious People worship money and influence, and when the chips are down, are going to side with money (like Bain), no matter who's in charge of it.  

      9-11 changed everything? Well, Katrina changed it back.

      by varro on Tue Jun 05, 2012 at 11:13:14 AM PDT

      [ Parent ]

  •  I was recently polled for a national poll (3+ / 0-)
    Recommended by:
    Jeremy10036, Supavash, mcmom

    that had that Romney/Bain question on it.  I answered "less likely" (even though I'd never vote for the man) just because I wanted the poll to show that Bain is the bain (or should be) of Romney's run for president.

    As of 02/22/2012 in Washington State pharmacists can exercise their "religious freedom" by denying women access to Plan B because the judge thinks there aren't any bigots in this state.

    by FlamingoGrrl on Tue Jun 05, 2012 at 11:03:24 AM PDT

    •  That's why these questions are problematic (1+ / 0-)
      Recommended by:
      Jerry J

      When this question was polled by outlets about Obama's support for marriage equality, the less likely was much higher than the more likely.  Most of the people who said "less likely" probably had no intention of voting for him anyway.

      Still, I think the Bain attacks are definitely effective and should continue.

  •  i think mr. booker just committed (1+ / 0-)
    Recommended by:
    perkinwarbek

    ritual sepeku, and simply doesn't realize he's dead yet.

    of course bain is legitimate fodder for the campaign, mr. romney has spent a great deal of time talking about how great his experience there was, and how much it taught him about business. exploring the specifics of what bain actually does, relative to this "experience gained" is perfectly reasonable.

    of course, USA, Inc. isn't like your regular, for profit activity, since it has responsibilities that your average corporation doesn't. this is why "running the country like a business" is an incredibly stupid thing to say, on its face.

  •  As far as I'm concerned... (3+ / 0-)
    Recommended by:
    mcmom, chrismorgan, perkinwarbek

    ...David Gregory and his mainstream media friends can all eat their collective cakes. Contrary to the trash these folks have been spreading, Bain Capital is a legitimate topic of attack when it comes to Mitt Romney. Remember that Mittens claimed that he created (first) over 100,000 jobs and then 100,000 jobs...and then "tens of thousands" of jobs...and then Bain was never designed to create jobs. Instead of falling for the lies of Romney and the spin of Gregory, the media should be asking the hard questions about the jobs Romney DESTROYED while at Bain. Do we really need THIS expertise in the White House. Contrary to the spin Gregory has been trying to impose (his latest effort was on Sunday's "Meet the Press") the answer to that question is obvious-- NO. And by the way, I think Gregory should be called on to recuse himself from coverage of the campaign given his Republican bias and his recent appearance at a GOP event.

    "First they ignore you, then they laugh at you, then they fight you, then you win." --Gandhi

    by alaprst on Tue Jun 05, 2012 at 11:10:16 AM PDT

  •  Obama +7 swing vs. Romney; Bain attacks worked (3+ / 0-)
    Recommended by:
    smash artist, mcmom, perkinwarbek

    The Bain attacks are working.  

    Trust-Fund Kids of America Unite... save the Bush tax cuts!

    by JCPOK on Tue Jun 05, 2012 at 11:12:00 AM PDT

  •  So.. (1+ / 0-)
    Recommended by:
    Jerry J

    60% of people don't care about Bain or even find it appealing.

    I guess the hope is that the people who don't care will be somehow converted? It seems a bit like wishful thinking if you are making the assumption that the conversions will break along the same split as the more/less respondents.

  •  I dont think we should ignore Bain (0+ / 0-)

    but I do think the cross-over to talking about his time as Governor and how he promised everything he is promising now vis-a-vis Bain, and his private experience, he promised then, with poor results is really the way to go.

    Ties the two together and makes it less personal and more business, thus deflecting any whining by Romney.

    It has the dual purpose of setting it up so that Romney's defense (things were really bad when I got there) basically parrots Obama's situation.

  •  Bain will probably be touched on by the campaign. (0+ / 0-)

    But not much.

    It will be the outside groups which have no Wall Street ties who should hammer on Bain.  The DNC wants it that way so they have deniability when they go begging for Wall Street cash.

    "Nothing in all the world is more dangerous than sincere ignorance and conscientious stupidity." --M. L. King "You can't fix stupid" --Ron White -6.00, -5.18

    by zenbassoon on Tue Jun 05, 2012 at 11:15:04 AM PDT

  •  Isn't eveyone being a little harsh... (0+ / 0-)

    A few years ago, as I remember it, Gov Cuomo's career was in the toilet

    Now he is being mentioned as a contender for the 2016 Democratic Presidential nomination

  •  If you go back (1+ / 0-)
    Recommended by:
    mcmom

    and look at the SC polling, what REALLY hurt Romney was the tax return stuff.

    I think that is more powerful than Bain.

    Push him on releasing his tax returns: it creates the apperance that he is hiding something.

    And he almost certainly is.

    The bitter truth of deep inequality has been disguised by an era of cheap imported goods and the anyone-can-make-it celebrity myth - Polly Toynbee

    by fladem on Tue Jun 05, 2012 at 11:18:07 AM PDT

    •  Its of a peice. He's a rich f*** who doesn't care (0+ / 0-)

      about you or anyone who's not rich (or in his Church), except how you can make him and his friends richer.  

      His MA Gov. term fits this to a tee: He ran with the same bromides and phony promises and claims he's using now.  He ran up the State's debt, raised taxes on middle and lower class while giving the rich a tax break (the only folks he reduced taxes for), and let the State's economy and infrastructure fall apart.  

      In short, exactly the same thing he did a Bain: pile up debt, shift burdens to non-wealthy and extract the difference as 'profit'.  Different day, same sh**.

  •  The other numbers don't correlate to oversampling (0+ / 0-)

    The Democratic Party as a whole, Pelosi, and Reid all had lower approval ratings that ran counter to Obama's surge.

    •  Makes no sense, Congress would be up too if just o (0+ / 0-)

      versampled Ds.  More likely, there's a reflection of the BO 'blame Congress' argument rather than 'blame Thugs'.  

      Thug numbers went up by very small amounts b/c (assuming not just float) Thugs see the economic sabotague is working and they approve.

  •  Anybody still mystified (1+ / 0-)
    Recommended by:
    puzzled

    By Newt Gingrich's claim that attacking Romney with his Bain Capital history was a bad idea?

    Whatever Newt recommends, do the opposite.

  •  Oddly enough, I knew about Cory Booker (1+ / 0-)
    Recommended by:
    rja

    But not because of anything political he's done.  Remember the mayor that rescued a neighbor from a burning house? That's him.  

    I'm less inclined to like him after this false media brouhaha.

    Tradition says that God gave us choice. Some of His disciples act like it is up to them to remove it. ~ kjoftherock

    by catwho on Tue Jun 05, 2012 at 11:33:41 AM PDT

  •  There's Some Weirdness in This Poll! (0+ / 0-)

    for example, Hispanics split 49% - 45%, Obama - Romney.
    Were only Cubans polled to get this result? No other poll has Romney within 20 points of Obama with Hispanics, so this result is more than an outlier.

    And Obama getting only 82% of the African-American vote, and Romney getting 11%, is a total absurdity.

    This poll screams OUTLIER!

    I am not now, nor have I ever been, a member of the Republican Party.

    by OnlyWords on Tue Jun 05, 2012 at 11:39:32 AM PDT

  •  Although, I'm not an expert on the details, my (0+ / 0-)

    impression has been than many of the companies Bain intervened with were exploited, and damaged for profit, as Bain took advantage of any assets they could plunder --  pension funds, tax concessions from local government, as well as slashing all cost not directly related to short-term cash flow, such as R+D, training, maintainence of buildings, etc., as well as loading companies up with maximum debt, so they could take out professional fees, and/or sell disassembled assets to the highest bitter.

    While this is not apparently illegal, and may even, in some cases, serve longer-term goals of other sorts, such as Schumpeter's theory of creative destruction, the kind of person drawn to this kind of work should be subject to extensive vetting, and other questions.  We should not automatically assume that anyone who can find a way to make a profit, in a free market system, is automatically qualified to make a profit.

    Nor, should we Democrats avoid these kinds of discussions for fear of appearing to be anti-capitalist, or anti-freemarket, or anti-success.  We should be careful to avoid being clumsy, or stupid by being unfocused in our discussion so we end up appearing to be motivated by these issues, or merely political opportunism, rather than focused on the real issues of Romney's charactor and qualifications to be President.

    The means is the ends in the process of becoming. - Mahatma Gandhi

    by HoundDog on Tue Jun 05, 2012 at 11:44:28 AM PDT

    •  Why do you think it was called 'corporate raiding' (0+ / 0-)

      If we'd just go back to using the real term, instead of the 'equity fund' b/s, there'd be little confusion.  

      It's like claiming tobacco doesn't kill you because the companies changed the name to some computer chosen random b/s.

  •  I have followed Cory Booker's career, (0+ / 0-)

    after first reading a lengthy profile article on him some years back. I remember wondering if he would be the first African American president.  Well, if appears he won't be the second!

    I think, therefore I am. I think.

    by mcmom on Tue Jun 05, 2012 at 12:00:57 PM PDT

  •  Bain, but Governor more (0+ / 0-)

    Actually, this is a 2fer.

    Romney is claiming Bain means he'll handle the economy as president. So why didn't he handle the economy as governor?

    Cuddling other people's babies for fifty years.

    by Frank Palmer on Tue Jun 05, 2012 at 12:09:46 PM PDT

  •  Ask the Cory Booker question like this: (0+ / 0-)

    Q: Do you have a favorable or unfavorable opinion of Cory Booker?  He's the Mayor of Newark who recently saved a woman from a burning house.

    And get back to me what percentage has a favorable opinion of the guy.

    That story was on every news show for a few days running.  And when Romney includes Cory Booker's remarks in a video ad, he will surely precede his remarks showing headlines of his heroics and labeling him a Democratic mayor.

    And Romney now has video of Clinton saying he did "good work" and had a "stellar career".  It doesn't matter if Clinton later walked it back.  

    Face it. The Bain approach bombed..    Which is why Axelrod has moved on the Romney's record as governor.

  •  Poll Dems: :Did Cory say something stupid?" (0+ / 0-)

    I bet you would get a different answer.

    That's the whole point he said something stupid because Dems lack message discipline.

    -1.63/ -1.49 "Speaking truth to power" (with snark of course)!

    by dopper0189 on Tue Jun 05, 2012 at 01:59:16 PM PDT

  •  Of course Bain is a potent attack... (0+ / 0-)

    Newt Gingrich - remember that guy?  Remember when he went all Ralph Nader on South Carolina, coming out with that video about how horrible Romney was and all of the terrible things that he did at Bain?  And what happened?  He won South Carolina, the GOP flipped out, his Sugar Daddy told him to stop with the Bain attacks, he shelved them, and was never a factor in the race again.  And that was a REPUBLICAN primary in SOUTH CAROLINA.  We're talking grade-A assholes here, and Newt's Bain attacks rallied them against Mitt.

    Bain, Bain, and more Bain.  And if that nauseates Booker - great, because he nauseates me.

    "Against the assault of laughter, nothing can stand." - Mark Twain

    by GrimReefa on Tue Jun 05, 2012 at 02:55:24 PM PDT

  •  Booker on the Ascent (0+ / 0-)

    Booker gave a speech at the WA Democratic convention last weekend (which he termed " probationary") and it was dynamite. If you don't know this guy, find out.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site