Mitt Romney’s $10,000 bet

Mitt Romney went into last Saturday night’s debate with a number of things on his mind. Yes, he had to take it to Newt Gingrich. He had to be prepared to answer the flip flops. There was the delicate high wire act on religion. And finally, there was the need to keep shaking that image as an insider, the Brahman Mormon, the banker’s man, the elitist who gets his campaign money from the Boston-New York-Washington corridor.

Actually, Romney had been doing quite well on the elitist front. The issue had been buried so deeply that he had allowed himself a rare public appearance with the Bush family, who had long ago given him their nod.

A few months back, Romney staffers had become alarmed over the imbalance of big donors over small donors. This was a problem that could not be hidden. Financial reports were made public. But since they had plenty of money to solve problems, why not spend some of it to solve the problem of small donors? And so, with a logic that only the federal government can appreciate, they launched a money losing program to raise money from small donors, simply to make their reports look better.

The Romney mailing list was bombarded with offers. Want to win a chance for a free trip with the candidate? Dinner? Anything to lure in those precious $10 donations.

Romney has long been sensitive about his image. It is no secret that the bankers want him to win and that the television executives pass down orders to puff him even though he has been virtually inaccessible to their journalists. The giant holding companies which own most of America, including its television companies, are routinely financed by banks granted massive bailouts from the Federal Reserve.

Of course, Central Banks have been around a long time. And where there is money there has always been corruption. The difference now is the monumental scale of that corruption, the massive shift of wealth to a few. Ron Paul’s House Bill HR 4173, which called on auditing the FED and was fiercely resisted, showed that in 2008 the FED had loaned out $16 trillion dollars in interest free loans to its own board member banks and favored companies.

Romney cannot be unaware that many are gaming the system and that it is becoming increasingly transparent to the public at large. Rick Perry mentioned it on stage, thanking Ron Paul for calling his attention to the issue, saying it was something new he had learned. Four years ago, when Romney had sniggered about Ron Paul and his “audit the Fed bunch”, 74% of the country didn’t even know what the FED was but now that thousands had lost their homes and their retirement, they have caught on with a vengeance. Your nearby auto mechanic can explain it all to you. Today, 78% of the country wants the FED audited.

At one point in the debate Romney applauded Ron Paul for his young followers and wondered aloud how he got such commitment?

It’s money.

Those young followers are paying 8% interest on their student loans. While Romney’s corporate friends are getting interest free money by the billions which they will likely never repay and giving themselves millions of personal dollars as the executives who run those failing companies. You want small donations? It’s easy, start thinking about the needs of small people.

Then came that revealing moment in the debate. It just slipped out.

Texas governor Rick Perry raised the issue of Romney’s healthcare mandates in Massachusetts and an excised statement in a newly printed version of Romney’s book. The fumbling Perry had apparently quoted it wrong and Romney leaped at the opening.

“Rick, I’ll tell you what, 10,000 bucks? $10,000 bet? It isn’t in there.” Romney spoke kindly, with a growing smile spreading across his face. Gotcha on this one buddy. We saw this one coming a hundred miles away. You should have known better than to give a guy a second chance to refute the same thing.

But it was Romney who had trapped himself. His offer to bet $10,000, a friendly wager in his circles, is already being called “a defining moment.” It exposed Mitt Romney, the elitist. The man whose father was president of American Motors and then governor of Michigan and whose campaign is financed by bankers and corporate executives. Romney is their insurance if Obama has to go.

Inside the GOP they rigged the election for him, moved Nevada and Florida up and made delegates proportional so his Southern losses wouldn’t ruin his chances. The television networks steered the debates to give him exposure and gushed over his performances afterward to help all of us stupid people understand that he had won. For two years they have given him millions of dollars in infomercials that have been passed on to us as “news.”

And all of it might just be for naught, lost in one light hearted moment that revealed a little too much.


Published by Doug Wead

Doug Wead is a New York Times bestselling author whose latest book, Game of Thorns, is about the Trump-Clinton 2016 election. He served as an adviser to two American presidents and was a special assistant to the president in the George H.W. Bush White House.

7 thoughts on “Mitt Romney’s $10,000 bet

  1. Vote YES :

    BAN *tex2* from this site IMMEDIATELY — Never allow IT to post here again! ALSO, DO NOT RESPOND TO ANY OF ITS TROLLING !

    Dear, Doug — this is your HOME page, and all of us posting here are your guests. Don’t know about your tolerance level, but mine ends when an unwelcome guest tries to set my home on fire, in order to chase out all the welcomed people I’ve invited!

    No normal exchange can be held here — since the #2 quickly fills in all REPLY slots….so no-one else can respond sequentially to what was stated before. This is its main goal (secondary is its spittings of hatred to all that’s good)!

    1. Here is another good one!


      send it!

      The #2 is a paid shill to troll and disrupt this forum with its spewing of hatred. So real Americans can’t converse here without IT hijacking all threads. That’s why this subhuman needs to be banned. One NEVER responds to IT — its existence is to be ignored.

  2. Vote to ban the #2 that pollutes this forum with its trolling.

    So far the vote to BAN it — ‘tex2′ — is:

    1) Surfisher
    2) Sharon Kuhn
    3) annebeck58
    4) christopher Deligate of Missouri
    5) donjusko
    6) sharksauce24
    7) sophiah8
    8) rmcnnlly
    9) BanTex2Al
    10) Wendy Jones
    11) Evan Godolphin
    12) Remmic Lewis
    13) Shane Mayfield
    14) jeffrey bohl
    15) Bill

    “Bill says: December 14, 2011 at 7:26 pm @tex2 – You’re an idiot. No one agrees with you. Go away.”

  3. *Mitt Romney, American Parasite*

    (Mitt Grosny — Romney The Terrible (my prefered title))

    It explains how Bain Capital worked. They would buy SUCCESSFUL companies, with little down, borrowed huge amounts, saddling them with crushing debt, refused to continue equipment purchases or maintenance. Then they would pay themselves huge “management” fees.

    Some notable excerpts:

    “Romney is not a vulture capitalist, as Rick Perry says, since vultures eat dead carcasses,” notes Josh Kosman, who has written about the private equity business for 15 years. He’s “more of a parasitic capitalist, since he destroys profitable businesses.” (The host must be healthy enough to be force-fed all that debt, then slowly bled to death…until the parasites drain all the wealth for themselves).

    “When Bain was about to buy a company, its partners would hold a meeting. “He said that about half the time [they] would talk about cutting workers,” Kosman says. “They would never talk about adding workers. He said that job growth was never part of the plan.” That claim was buttressed by the Associated Press, which studied 45 companies bought by Bain during Romney’s first decade. It found that 4,000 workers lost their jobs. The real figure is likely thousands higher, since the analysis didn’t account for bankruptcies and factory and store closings.

    “The Armco plant closing involved more than the torching of 750 jobs, Morrow says. Contractors and suppliers collapsed. Workers’ children and widows lost health care and pension benefits. And while Bain received millions in tax breaks—paid for by the very people left holding the bag—Romney walked away millions richer.”

    A must read (long) article recommended to all!

    Share it!

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