The attacks on Newark, N.J., Mayor Cory Booker (D) by the more vitriolic liberal commentators for what he said about Bain Capital on this past Sunday’s “Meet the Press” are just as indefensible as the Republican Party’s cynical and dishonest attempt to exploit and distort what the mayor actually said during the program. – Cory Booker Got It Right, by Lanny Davis
JOE LIEBERMAN’S MAN pipes up to join what is a growing number of Democrats slamming Obama’s reelection efforts from the right as they target Mitt Romney on Bain Capital. If only there had been this strong a campaign launched on “Meet the Press” from the “left,” though we all know the Sunday shows shrink from offering progressives an equal time option to make the case against Obama, that is, if there was a campaign on the left to take on Pres. Obama on economics as strongly. This all comes the day Mitt Romney is unleashing his “Day One” general election ad that is scheduled to hit North Carolina, Ohio, Iowa, and Virginia today.
Cory & company don’t like Obama’s Bain ads, which Davis calls “misleading,” as did Rattner in his weirdly defensive op-ed. It comes as Pres. Obama loses 42% of the Democratic vote in Kentucky and Arkansas, while two headline Democratic candidates, Heidi Heitkamp in North Dakota and Ron Barber, who is competing for Gabrielle Giffords’ seat, also distance themselves from Obama.
The Cory Booker faction represents one of the main differences between Democratic and Republican campaign efforts. Democrats like Booker, Ford, Rattner and now Davis are squeamish about attack ads that go for the jugular, while Republicans win elections through them, because truth isn’t important in negative attacks. Obama’s team knows this well and has been utilizing the same tactics since Barack Obama came on the scene.
Pres. Obama’s problem is that he’s pushed the Booker-Ford-Rattner-Davis soft ball, apolitical and bipartisan Wall Street approach for years, while utilizing the Karl Rove style evisceration of his opponent under the radar. Now the Obama-Axelrod-Plouffe contingent are being hoisted on their own kumbaya petard.
Many of you may remember a column I did back in January at the height of the Republican primaries when the 30-minute video came out from the Gingrich people attacking Mitt Romney on Bain Capital. Here’s part of what I wrote, which is instructive, because I utilized Steve Rattner’s defense of Bain to prove my points, which are further emphasized as being correct through Cory Booker, Harold Ford and Lanny David:
The caterwauling over Mitt Romney tapping the core of American capitalism for his own benefit is rooted in partisanship and doesn’t address the wider reality, which is that there are hundreds of Mitt Romneys in this country, many of whom got the Bush tax cut extensions, which Pres. Obama gladly gave and never really mounted a nationwide fight against. If you truly understand the calamity facing our middle class there is no way morally or in good conscience you could possibly back down from this fight, turning it into a war if you have to. Yes, a class war, but when Democrats hail compromise and gut Dodd-Frank or go along to keep things moving how innocent are they for watching what’s developed under their own backers and bundlers?
Using Steve Rattner’s defense of Mr. Romney and Bain Capital as an example, what are Democratic venture capitalists and heads of holding companies and investment bankers supposed to do in the shadow of this damning video that reveals the sausage making that is our economic system? As Rattner reveals, Democrats in his class can feel his pain and you can bet they’re just glad it’s Romney and not them.
That Obama reelect will trumpet the video and all of its parts in the general election season, freaking out their own Democratic version of the Mitt Romney class, is wrought with irony.
That freak out is what we’re watching right now.
Democrats are very willing to ignore the Washington Post report that Pres. Obama made more from Wall Street in his first term than George W. Bush did in eight years.
The largest banks are larger than they were when Obama took office and are nearing the level of profits they were making before the depths of the financial crisis in 2008, according to government data. Wall Street firms — independent companies and the securities-trading arms of banks — are doing even better. They earned more in the first 2 1/2 years of the Obama administration than they did during the eight years of the George W. Bush administration, industry data show.
What Obama reelect has run up against is their marketing versus reality, which the Cory Booker contingent represents, something that is foundational in both the Democratic and Republican parties.
It just might be that insider and elite Democrats know the truth and are incensed by the hypocrisy of team Obama because they know they can’t get elected without their Wall Street and corporate backers.
Coming from an Administration that opened the White House to Goldman Sachs, protected big banks, and also extended the Bush tax cuts after being politically pummeled in 2010, though they couldn’t bring themselves to mount an economic case the entirety of Obama’s first term, it’s all a bit much for team Booker. A group of Democrats who are attacking Obama from even further right than he is, with the next big move likely to come after Obama’s elected in the form of a “grand bargain” on entitlements, with which the Cory Booker and the Democratic corporate contingent likely agrees.
Former Pres. Bill Clinton is their cover.
“Our party’s problem is, we are always reluctant to give up the gains of the past to create the future,” Bill Clinton told the audience at the Pete Peterson’s fiscal summit. “Democrats are reluctant to commit to longer-term health-care savings; they don’t want to touch Social Security.” [TM]
As I’ve said before in response to corporate politicians wherever they reside, when Democrats and Republicans start reining in the Pentagon and admitting we need to curtail our military misadventurism in places now secure, I’ll analyze the sense in changing the U.S. entitlement structure. If we start focusing instead on economic models for populations instead of military intervention, aided by Special Force ops, while beginning with rescinding all the Bush tax cuts, including for the middle class, instead of the ridiculous notion of making them permanent, plus raising the taxable income for Social Security, then I’ll be willing to deal on entitlement “reforms.”
Obama’s kumbaya is coming back to bite him through Democrats employing Barack Obama’s famous apolitical big bank and big corporation embrace.
Mitt Romney is a symptom of the American political system, but as I wrote in January when Pres. Obama’s own car czar, Steve Rattner, was the first to come to Mitt Romney and Bain’s defense, emphasized through the very popular Cory Booker, Democrats have a mirror image of corporate Mittism inside their own ranks and everybody knows it.
Ask Cory, Harold, Lanny or Steve, they’ll tell you all about it, with a lot of people behind them agreeing, including, I would bet just about anything on it, former Pres. Bill Clinton, too.
It’s why the contest of Obama vs. Romney is perfect and represents exactly what American politics is today: two Wall Street, right leaning political parties bankrolled by the 1% Wall Street corporate crowd, while the American public screams at the TV, because more and more people don’t consider either of these two men or political parties an actual “choice.”