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Mitt Romney Politics

Republicans Line Up For Their Chance To Throw Romney Under The Bus

We knew this was going to happen, we just didn’t expect it this soon. Usually, the party would wait until the humiliation of a defeat subsides before discussing the reason for their loss, but not now.

Just hours after President Obama hammered Mitt Romney in both the Electoral and popular vote, Republicans have lined up to throw Romney and his campaign from the train… ah, under the bus.

“They ran a 20th century campaign in the 21st century,” said one Romney bundler, frustrated that the campaign made assumptions about the youth vote and voter intensity that didn’t pan out. “The anger is that they were entrusted to do certain things. It’s not like they were paid a $5,000 retainer to get a few dozen articles in an inside-the-Beltway paper. This is the major leagues.”

Another Republican outside the Romney campaign but privy to its thinking described the defeat as a complete pummeling, with Senate losses adding salt to the wound.

Romney supporters point to a series of brash statements made by advisers that seem out of touch with reality in retrospect. Inside the Beltway, Republicans trained their fire on senior Romney advisers like Ed Gillespie and political director Rich Beeson for appearances on last weekend’s Sunday shows. Gillespie said the electoral map was expanding, and Beeson predicted a 300 electoral vote win for Romney.

“There were a lot of Republicans who were on calls that the campaign was having led to believe we had shots in Pennsylvania and Minnesota,” one Republican operative supporting Romney said. “I think Republicans are split right now between confused and shocked, and also I think they are wondering did the Romney campaign have numbers we didn’t have.”

In starker terms, the source questioned: “Was last week a head fake, or were they just not that smart?”

And according to the Teaparty;

“For those of us who believe that America, as founded, is the greatest country in the history of the world – a ‘Shining city upon a hill’ – we wanted someone who would fight for us,” Tea Party Patriots co-founder Jenny Beth Martin wrote in an e-mail, quoting 40th president and conservative hero Ronald Reagan. “We wanted a fighter like Ronald Reagan who boldly championed America’s founding principles… What we got was a weak moderate candidate, hand-picked by the Beltway elites and country-club establishment.”

Categories
Mitt Romney Politics

That Would Be A Dumb Business Decision By So-Called “Business Man” Mitt Romney

No one goes into business to lose money. So when Mitt Romney promised to quickly sell the remaining shares of GM if he becomes president, it makes the average business person wonder just how keen Romney’s business skills are, and why would he want to sell the shares now even if it means the American Taxpayer suffers a $16 billion loss.

In an interview with The Detroit News, the presumptive GOP presidential nominee vowed to quickly sever ties between the U.S. government and GM, which was bailed out with about $50 billion in taxpayer funding.

“The president is delaying the sale of the shares to try and avoid the story that the taxpayer took another loss. I would get the company independent from the government and run for the interests of the consumer and the enterprise and its workers — not for the political considerations of government officials,” Romney said.

The U.S. government still holds a 26% stake in GM. The automaker is currently trading at around $21 a share. If the government sold its remaining 500 million shares now, it would lose about $16 billion of its investment, The News says.

GM reported first quarter profit of $1 billion in May, aided by strong numbers in North America.

Mitt Romney has obviously made a lot of money in the business sector, but selling shares at a $16 billion loss when GM is reporting record profits is just dumb. As long as the profits keep coming in from GM, the shares the government American Tax payer has in the company increases in value.

Or maybe Mitt Romney know he’s not gambling his own money. Maybe he knows that it is the Tax Payer’s investment at stake, and selling 500 million shares of GM now at a $16 billion loss would be another opportunity for him to point to President Obama and say, see, he made a bad investment in GM. This $16 billion loss is all because President Obama chose to bail out the auto industry instead of  letting Detroit go bankrupt… like I suggested in the first place!

 

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