Tag Archives: election

Politics: Bad for business?

By Christopher B. Daly 

If business executives and the titans of finance are so good at investing, why do they do so poorly in investing in politicians? Clearly, big business and Wall Street went all-in this time on Mitt Romney and other Republicans. Through direct donations and superPACs, they sank enormous amounts of money (which, by rights, should go to the stockholders) into the Romney campaign and now have nothing to show for it.

Actually, they may have less than nothing to show for it. Because in the process of investing in Romney, they also managed to antagonize the majority of Americans who prefer the other guy.

These thoughts were prompted by a timely piece in today’s Times Business Day section by columnist Eduardo Porter, who tries to follow the money in corporate political donations. Porter estimates that business interests spent about $2 billion and got nothing but ill will.

All of which reminds me of a remark attributed to former hoops wizard Michael Jordan. He became a wealthy businessman by getting into the sneaker business. Later, he was asked why he didn’t endorse Barack Obama. His answer: “Republicans buy shoes too.” (Just recently, Jordan had an apparent change of heart and endorsed Obama.)

For you activists: Some of the biggest donors to conservative candidates and causes are the Koch brothers. Here are some of the companies they own or products those companies make:


Brawny paper towels

Angel Soft toilet paper

Mardi Gras paper napkins

Vanity Fair paper products

Stainmaster carpets

Lycra fabric products.

And before you buy any oil pipelines, be sure to check the label.

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Dick Morris: wrong or stupid?

By Christopher B. Daly

Among the many satisfactions on election night 2012 was seeing Dick Morris, the smarmy former Clinton political adviser, get slapped around the head by the facts. Just a few days ago, Morris — who has been reborn as a mean conservative — was predicting not only that Romney would win but that the Republican would win in a landslide. You can read the interview he did with his enabler, Bill O’Reilly.

Morris debases the public sphere every time he speaks or writes.

And shame on Fox News for giving this guy airtime. 


Filed under broadcasting, Fox News

Who are Mitt Romney’s people?

by Christopher B. Daly 

Readers of this blog are obviously an intelligent, discerning, and deeply informed group of people, curious about many things and knowledgable about many others. So, here goes:

How many presidential candidates in U.S. history have ever gotten elected without carrying their home states?

A bonus question: who were they?

Turns out, of the 44 men who have won the office, only three failed to carry their home state (that is, the one they were living in when they ran for president). They were James K. Polk of Tennessee, Woodrow Wilson of New Jersey, and Richard Nixon of New York.

Now, consider Mitt Romney.

–He was born in Michigan.

–He spent the bulk of his adult life in Massachusetts — racking up two degrees from Harvard (when’s the last time he mentioned either of those? Don’t forget: he has a law degree.), then working at Bain in Boston and later becoming governor. This is the state where he votes.

–He also has a vacation home in New Hampshire.

–And he is building some kind of pleasure dome in La Jolla, Calif.

So, that makes four states where he has roots or homes, and according to the polls, he is going to lose all four of those states on Tuesday. What does that say about him? He could lose Massachusetts, the state where he has lived the longest, by 20 points. How is that not a story? Just imagine if Obama were poised to lose Illinois by 20 points. . . (or Hawaii!)

[the Romney mansion in Belmont, Mass. It’s an affluent place, but still, no one lives like this.]

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