Santorum: Attacks on Romney are attacks on capitalism

 

WEST COLUMBIA, SC -- Presidential hopeful Rick Santorum on Wednesday hit his Republican rivals for their critiques of frontrunner Mitt Romney's record at Bain Capital, calling their criticisms of the former Massachusetts governor an attack on capitalism. 

Former House Speaker Newt Gingrich and Texas Gov. Rick Perry have used Romney's time at the investment firm to portray him as a business tycoon who fired scores of workers for his own profit.  But Santorum likened such attacks to what he called the anti-capitalism rhetoric President Obama has used to attack America's most financially successful corporate leaders.  Rhetoric, Santorum says, that has stalled the economy and put the country's free market system into question.

"It’s this hostile rhetoric, which unfortunately - I don't want to stand here and be a defender of Mitt Romney, but unfortunately even some in our party now, even some running for president will engage in with respect to capitalism," Santorum said to a town hall of nearly 200 people. "It is bad enough for Barack Obama to blame folks in business for causing problems in this country. It’s one other thing for Republicans to join him."

While others seeking the GOP nomination see Romney's time at Bain and recent comments that he enjoys the ability to fire people as an opening for political attacks, the former Pennsylvania senator has not piled on.  Even when prodded by reporters to take a shot, Santorum instead has only said he believes in the economic model that allows people to be successful.

However, that does not mean Santorum has shied away from taking jabs at Romney.  The candidate trying to portray himself as the only true conservative in the race has elected to use Romney's record as a governor, not a businessman, to go on the offensive.

"The other side is going to look at my record and look at Gov. Romney's record on health care and say, 'You want to attack me on health care?  Who are you to attack me on something that I used your plan to build my health care method?'" said Santorum.  "He's taking away the biggest issue that we have in this election."

The former Pennsylvania senator arrived in South Carolina on Wednesday coming off a fifth place finish in the New Hampshire primary, where he told those here not to look at his ultimate finish, but how dramatically he improved in his poll numbers since last month.

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Anyone with an ounce of brains understands that capitalism is not intrinsically good or bad, it is the behavior of the people that partake in it that is the problem. Nasty, selfish, narcissistic people create bad capitalism. More well developed people create better types of capitalism and very well developed people create a more enlightened kind of capitalism that looks at the big picture, not just next week's million dollars.

The more money I have, the more I realize how easy it is to make more. This recession has done more to make me a millionaire than all the hard work I've done my whole life. By cashing out my IRA's, I've been able to buy fairly nice foreclosed homes relatively cheap. In turn, I can thus rent them for under market value. I may be a capitalist, but I like to think I'm at least being a little enlightened about it. I like money and power, but it isn't the main thing in my life. But for people like Romney, I think a variation of the quote: "Winning isn't the main thing, it's the only thing" is appropriate. This is part of his cultural background.

Venture capitalists talk of the terrible risks and losses they face, but mostly the losses are of the people they get to invest and in the mean time the venture people are getting a nice salary whether or not the company fails. But if it succeeds, they get immediately wealthy, mainly due to a lot of paper shuffling around (even though in many cases they do a lot for the companies), sort of like what Wall Street does. Oh, I forget, this IS Wall Street I'm talking about.

  • 1 vote
Reply#76 - Thu Jan 12, 2012 12:11 PM EST
Comment author avatarRyan Nohvia Facebook

Maybe the smartest person I've seen comment yet, like ever on any news site. (I'm not one of them : ( )

    #76.1 - Thu Jan 12, 2012 12:58 PM EST
    Reply

    If attacks on Romney are attacks on capitalism, then attacks on fatty cheese are attacks on cows. (Particularly cheddar cheese and Holsteins.)

    • 1 vote
    Reply#77 - Thu Jan 12, 2012 12:11 PM EST

    I'd like to say that it's been amusing to watch the Republicans eat their own, but it hasn't. It's been very distressing. It's further evidence that elected officials, or wannabe elected officials, are debating personalities and profiles, not ideas. They're putting more time and effort into strategizing how to beat the other guy, why the other guy is bad, than into explaining their own plans for helping the US get back on track. Beating up on the poster boy for capitalism couldn't make that any more obvious. Even Santorum, by saying that Romney's health care plan background would take away their biggest issue against Obama, doesn't get it. Whoever runs against Obama is going to have to show why his/her ideas are better for the country, even if those ideas seem similar on the surface. I just wish they'd start showing that now since I really don't want to wait until after the election to learn just what the next President has in mind. By then, it's too late to help me make an informed voting decision.

      Reply#78 - Thu Jan 12, 2012 12:11 PM EST
      Comment author avatarRyan Nohvia Facebook

      I can't offer much reasons to vote for Obama (again) but I can't find any reason to vote for either of these similarly numskull lunatic/politician either. Seems were just stuck either way.

        #78.1 - Thu Jan 12, 2012 12:56 PM EST
        Reply

        And Support for Romney is Selling Our Country to the Chinese.

        Take your pick: A one-time profit with nothing to show for it in the long term

        or

        A short-term hardship, but your goose continues to lay golden eggs.

        Down with the GOP! America for Americans!

        • 1 vote
        Reply#79 - Thu Jan 12, 2012 12:28 PM EST

        Not an attack on capitalism but an attack on GREED.

        • 1 vote
        Reply#80 - Thu Jan 12, 2012 12:32 PM EST
        Comment author avatarRyan Nohvia Facebook

        I don't know why the take about "America's most successful" when the people we are the most angry at are those that make poor decisions and take advantage of people and ruin the economy and then we have the bail them out, because however ideal capitalism is its still flawed by people in it and those people can pull the foundations out from everything?

        No we are not all umemployed looking for handouts, we're not all those ows hippies, not even a considerable demographic; some people had jobs and would work their butts of for their living if there was any work available. I've always had work and now in a private business but seeing the business dry up as people are out of work.
        Apparently its always the person's fault they were laid off and not the companies that laid them off after screwing up and taking tarps?

        This people take advantage of your weakness and fear and point fingers at scapegoats and use "capitalism" like a buzz word when what is happening in America is not not capitalism at all, its some form of economic barbarism with the guys at the top holding everyone's lives in their hands and using this leverage like a billy club to do and take whatever they want. But we all work to make this system work at all.

          Reply#81 - Thu Jan 12, 2012 12:54 PM EST

          Santorum's idea of capitalism is predatory. Just like Mitt . Screw anyone if there is a buck to be made .

            Reply#82 - Thu Jan 12, 2012 12:56 PM EST

            @Lizzy:
            It is truly sad that the political contestants cannot answer a single question. Much like the congressional claim that "we don't know what's in ObamaRomneyObama(if its badly received)Care until we pass it.", we don't know what a contestant's plans and intentions are until we elect them.

            This HAS to change.

            Of course, if we were given the information required to make Informed Decisions, the offices of our elected officials would stand empty for decades, as we would clearly see none of them as suited for the job.

              Reply#83 - Thu Jan 12, 2012 12:56 PM EST

              There's nothing wrong with capitalism. It's the republican/fleabagger "I got mine, F**K everybody else" brand of capitalism that's at issue. It's the "profits at all costs/profits before people" brand that's at issue

                Reply#84 - Thu Jan 12, 2012 1:04 PM EST

                Agree -- it's not the capitalist system itself, it's how you work the system and whether you stop to consider impact on other "systems" like our society as a whole. When the market collapsed, my son -- like many other younger citizens -- started spouting the "capitalism sucks, capitalism doesn't work" mantra. So we talked about it, which helped me crystallize my own viewpoint. (Nothing like having to defend your perspective to your kid to clarify your thoughts!)

                Capitalism isn't inherently wrong. It's a workable model that can be self-sustaining since it helps fulfill needs that many have: to accumulate at least enough to be comfortable; to get ahead; to build/create and be rewarded for your creation; to climb the next rung or reach for the stars. No matter whether you have one or all of these needs, capitalism helps you fulfill them.

                But capitalism isn't a "closed" system in the sense that a capitalist system has great impact on the societal systems we all live within whether or not we partake in a capitalist economy. Example: one of the reasons that the US can provide foreign aid or disaster relief to regions that may not be capitalist is because we do have a capitalist economy that creates sufficient wealth to share if we choose.

                When people forget (or, most likely, ignore) the fact that what they do in their practice of capitalism can have tremendous negative impact on others, you get the overweening greed and deliberate blindness leading to things like under-secured mortgages, mortgage-backed securities, and other forms of toxic debt that make the system crash. When capitalism is viewed as a completely closed system which can be run without ethics and a sense of responsibility and accountability for its impact, it becomes "bad." Capitalism only works from a societal perspective if there is an ethically acceptable level of greed.

                Simplistic? Admittedly. Idealistic? Maybe. But we can't get away from the fact that we all are impacted by each other. Whether or not I mow my lawn and paint my house can impact my neighbor's property value as well as my own. And some twit at Morgan Stanley who decides to create toxic debt simply to make his own next million, without any thought to societal responsibility is eventually going to impact my ability to find a job and pay my rent. It's not capitalism that's the issue. The issue is ignoring the impact in what is not a closed system.

                  #84.1 - Thu Jan 12, 2012 2:24 PM EST
                  Reply

                  Eally Mr Santorum? What capitalist about making $12 million while the company slides int bankrutcy by ill advised loans give to shareholders who took over the company that saddle so much debt that the comapny when belly up because it couldn't pay those doebt when the economy went south.

                  Had not theloans been made-the company might have survived.. The investors made out like bandits. The boondhoder got stuck with the tab.

                  And the workers-the very people who actually did the work-got the sack.That's capitalim?

                  Hand me my Communist Manifesto-it looks like we might need it again.

                    Reply#85 - Thu Jan 12, 2012 1:14 PM EST

                    Romney just keeps shooting himself in the ass. He loves the idea of being able to fire people who provide services and he proved that time and time again with all of the companies that he and his murderous vuture capitalists at Bain bought, restructured, then destroyed workers lives by selling or liquidating those companies to get their 2 pounds of flesh. Too bad Nitmit can't be brought up on criminal charges.

                      Reply#86 - Thu Jan 12, 2012 1:45 PM EST

                      I like the idea of being able to fire people who provide services, too. I'd start with Congress.

                        #86.1 - Thu Jan 12, 2012 5:16 PM EST
                        Reply

                        it is ablessing romney is running for president!! he has exposed and put to the forfront the exact problem which has taken this country down over the last thirty years !! we have to put an end to it or this country is going to totally tank!!!!

                          Reply#87 - Thu Jan 12, 2012 2:01 PM EST

                          macaca......macaca.......Where have we heard that term before?

                          http://www.youtube.com/watch?v=r90z0PMnKwI George Allen introduces Macaca

                          Oh yes....We should ( NOT ) listen to you.

                            #87.1 - Thu Jan 12, 2012 2:48 PM EST
                            Reply

                            It is not so much that people object to what Bain and Romney were doing- as much as the fact that they were seriously overcompensated for what they "contributed". This gives rise to the perception that the usual "fix" is in- that is to say that rich insiders skirt ethics, legality and morality to reap in huge unwarranted profits at the expense of the workers. That these profits are than shared with office seekers who protect their wealthy donors only adds fuel to the fire. Most people are not envious of money and power (envious of Ghaddafi!? for example). But when they choose to use that wealth and sought after power to do things in the public arena then they may expect that there will be questions about how and where they amassed that wealth.

                              Reply#88 - Thu Jan 12, 2012 2:35 PM EST

                              According to Mitt Romney: Corporations are people.....and people are......expendable pawns.

                                #88.1 - Thu Jan 12, 2012 2:51 PM EST
                                Reply

                                I'm not a supporter of Gingrich, Romney or any of the others in the Republican field. Nor do I disagree with every stand taken. Ron Paul's stand on the obscene expenditure on defense is very appealing to me. One of the world's greatest thinkers said; "I think, therefore I am" If you except this fundamental premise; you are left with an undisputed conclusion that there are an awful lot of political, scientific, and social zombies trolling around out there. Because I think, and do not support either candidate; I believe I can be a neutral arbiter of their mutually destructive internal campaign strategies.

                                My determination; the high ground and logic of the arguments clearly go to Gingrich. Romney's Campaign PAC absolutely demolished Gingrich's campaign in Iowa. It most likely destroyed his chance for any future elective national office.

                                When Gingrich complained about the Romney PAC attacks, Romney pontificated on national television; that Gingrich should realize that presidential politics are very rough and tumble. He went right to the cliche; If Gingrich can't handle the heat he should get out of the kitchen. This macho posturing was buttressed with the knowledge; that at that time, Gingrich could barely afford the purchase of a squirt-gun.

                                Now Gingrich has money and he is returning the pummeling. Romney when under the heat has turned into a mega-cry-baby. A virtual snowman in the kitchen, whining to everyone who would listen; make Newt stop, make him stop. Please make him stop. He is trying to enlist everyone.

                                The argument; he is attacking capitalism. Gingrich is also right here. He is not attacking capitalism or free enterprise. He is attacking destructive manipulation of productivity and the bastardization of capitalistic laws meant to alleviate honest upheavals created by true capitalists.

                                Capitalists played a very significant role in making this the greatest industrial country the world has ever scene. Capitalism in a democracy is a great thing. The democracy acts as a governor to stabilize the aggressive nature of capitalists and capitalism, everyone benefits. Unions are advocates for the idea that employees should share fairly in the wealth that is created.

                                Bain Capital and all businesses of that ilk are, by their nature, anti-capitalism within a democracy. Raiders want money for the few, with little or no interest in productivity. Employees and products are abstract problematic objects in a money making formula. There are no emotional attachments with plutocratic capitalism. Bain does not want to own anything. It is a sponge on capitalistic endeavors. Steve McQueen would call it a financial blob. What is left, and how it turns out when they release control is of no interest to them, and never thought of again.

                                  Reply#89 - Thu Jan 12, 2012 3:09 PM EST

                                  I never thought I would EVER say this but GO GINGRICH GO!!!!!!

                                    #89.1 - Thu Jan 12, 2012 7:37 PM EST
                                    Reply

                                    There is a big difference between Capitalism and Corporatism. What Romney and Bain practice is pure Corporatism. I'm sorry but Capitalism was when there were Mom and Pop stores, independent businesses that were successful. They employed people and created wealth. Now we have Walmart, Home Depot and Corporations that have run independant business into the ground. Fueled by cheap Chines products that have helped to shut down American industry. If you want to continue to support Corporatism vote Romney..not me.

                                    • 1 vote
                                    Reply#90 - Thu Jan 12, 2012 4:02 PM EST

                                    But I'd RATHER vote for you Drewster!

                                      #90.1 - Thu Jan 12, 2012 7:35 PM EST
                                      Reply

                                      Bucking for that VP slot, eh, Ricky? Note to Mitt: Before you pick a running mate, make sure you talk to John McCain. He can tell you all about what picking a dumba$$ will do for your chances in November.

                                        Reply#91 - Thu Jan 12, 2012 5:13 PM EST

                                        Capitalism to me anyway meant small businesses, Mom and Pop stores, hardware stores independent businesses that emoployed and promoted people. Somewhere along the way corporations like Walmart, Home Depot and target came along and wiped out the small business competition. Inexpensive and poorly made products from China replaced American goods and factories and whole industries dried up and moved away with all of the jobs. How can we ever regain the system that made us so strong? Partially taxes, health insurance and other issues scare off investors but what really keeps them away are wages and profit margin. What has gripped this country is Corporatism not Capitalism.

                                          Reply#92 - Thu Jan 12, 2012 5:30 PM EST

                                          What? when did this happen? Oh thats right. Around 1960's......and the dumb dumb voters took it hook line and sinker.......give the corporations a vote, ship the jobs overseas, remove the mother from the house, starve the middleclass, elderly and children. yep......and bingo 10% of Americans control the 90%.

                                            #92.1 - Thu Jan 12, 2012 11:45 PM EST
                                            Reply

                                            santorum should just drop out. This guy is a disaster. He knows he can't win so he backs Romney. Whats in it for you.

                                            Ron Paul the only true conservative

                                              Reply#93 - Thu Jan 12, 2012 7:41 PM EST

                                              yeah......santo, newter and perry will be thrown out of the clown car soon. Grover said so.

                                                #93.1 - Thu Jan 12, 2012 11:40 PM EST
                                                Reply

                                                Attacks on Romney are attacks on obscene greed and economic oppression.

                                                  Reply#94 - Thu Jan 12, 2012 7:42 PM EST

                                                  Sounds like the devil (grover) is in full control driving the clown car.

                                                    Reply#95 - Thu Jan 12, 2012 11:38 PM EST

                                                    To say that Capitalism is unassailable or that there can be no criticism of it, is ridiculous on Santorum's part. There are plenty of things wrong with Capitalism without checks and balances, without conscience, or with too much greed. Look at China's attempts at a semi-capitalistic economy........ melanin in dog food which kills the dogs, baby formula with heavy metals...... profit is NOT to be worshipped as a God, forsaking safety and concern for customers, neither is Capitalism, with its own inherent flaws that show up time and time again. Creating garbage products in order to force replacements quickly, is unconscionable with regard to the limited resources of our singular planet. Like all other systems, it has its flaws. As has Communism and Socialism, to name others. Finding the right blend is what we need. The predatory acts of businesses such as Romney was in are not part of "The Market Self Corrects" theories of competition and efficiency; the predators, in buying out businesses, stripping the assets, and laying off people, are outside of the normal model of Capitalism, and really act much like Pirates.

                                                      Reply#96 - Thu Jan 12, 2012 11:41 PM EST

                                                      Say this. Our elections are bought and sold to the highest bidder. Until the money is out of the elections and the corporate vote is removed......AND THE DUMB DUMB VOTERS ON BOTH SIDES WAKE UP.......it will take an act of god to stop them

                                                        #96.1 - Thu Jan 12, 2012 11:49 PM EST
                                                        Reply

                                                        Perry- too dumb

                                                        Huntsman-too smart

                                                        Paul- too naive

                                                        Santorum-too religious

                                                        Gingrich-too narcissistic

                                                        Romney-too angry, will win GOP nomination by default, loose against Obama.

                                                          Reply#97 - Fri Jan 13, 2012 7:47 AM EST

                                                          Santorium needs to take a look at what constitutes true Capitalism. Apple and others are an example of it. Then we have Romney and Bain, an example of extreme Corporate Raiders. If followed to it logical conclusions, any US Corporation would be a candidate for Romney's Capitalism, as most corporations assets exceed their total shares value. He picked Bain's targets carefully, undervalued, struggling, swooped in, acquired control, and the partial birth dismemberment began.

                                                          Consider this approach, along with his stated claim that he wold have let GM and Chrysler fail. This gives you a very graphic portrait of just what Romney would like be for America.

                                                          The very worst thing about all of the current Candidates is they all espouse the very same failed GOP policies and mantras the George Bush used to get this nation into this fiscal disaster, starting the down slide of our economy which no new president or administration could reverse in a year or two. Deregulation to create a business friendly environment, more tax cuts for the "job creators", immediate Federal spending cuts to "balance the budget", the net result of which is an immediate slowdown of our slowly recovering economy. The worst part is that the GOP is selling the very same theories as solutions, failed trickle down theories which along with Bush incompetence, and the strong GOP Lemming behavior granting Bush all he requested, including two wars which were not paid for, resulted in the fiscal disaster we are now slowly recovering from. Obviously, fiscal conservatism is a good thing, but only after the people have been put back to work. The GOP and its Candidates have no plan for true recovery, only a plan to get votes from their faithful. No solutions, no answers, no tax increases for those who have accumulated massive wealth over years of GOP gifting, wealth financed by over half the current National Debt, which the GOP now suddenly has determined, other than beating Obama in 2012, is now the most important issue. Not jobs, not rebuilding our economy.

                                                            Reply#98 - Fri Jan 13, 2012 9:27 AM EST

                                                            Attacks on Romney are Brutally honest! Conservatives rallied to Romney's defense and warned the infighting is bad for the Republican Party. Kinda let's you know where the Republican party stands on corporate raiders, venture capitalist and how to make big money with others money at the expense of the American Tax payer. Often tagged with "Creative Destruction" Bain Capital's main thrust is to generate profits for investors, including Romney, not the creation of jobs. The cut-throat tactics used by those with mega-bucks in the election cycle reeks when Perry lost a key South Carolina donor to the Romney Campaign over his remarks. Republican New York Rep. Michael Grimm also released a statement saying the attacks would have a "negative effect on the party." Kinda let's you know where the Republican party stands on corporate raiders, venture capitalist and how to make big money with others money at the expense of the American Tax payer. Romney’s work on all the businesses Bain invested in, the primary goal with these companies wasn’t job creation but making them more profitable and valuable, regardless of purported jobs creation. Romney and family have been caught with tax-free money to the tune of a net worth of over 250 billion dollars. Much of that money in off-shore tax shelters in the Cayman island. Bain Capital which is owned by Romney has what is called an FOIA exemption 7(a) and the FBI denied access to all Bain Capital records. This is what money gets you when you belong to the top 1%-ers.

                                                              Reply#99 - Sat Jan 14, 2012 12:37 AM EST
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