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Friday, November 2, 2012
Newsmax's Ruddy Performs Kessler-Level Romney-Fluffing
Topic: Newsmax

Newsmax CEO Christopher Ruddy stays firmly in Romney-fluffing mode in his Oct. 30 column, which is dedicated to how noble Mitt Romney is for devoting himself to public service instead of making serious money in the financial sector:

Mitt Romney passed up well over a billion dollars to do public service.
 
It’s an amazing statement, but it’s true.
 
If you watched the media, you would think Romney is a greedy elitist. However, the three recent presidential debates showed the Republican presidential candidate to be a man passionately concerned about the future of America, and determined to do something about it.
 
But the true level of Romney’s passion about this country are in the numbers — his personal financial numbers, that is.
 
A recent Forbes magazine article by Nathan Vardi headlined, “Mitt Romney: The Most Expensive Political Career in American History.”
 
As Vardi observes, “Lots of people pay a high price for getting into politics, but no one has likely given up more, at least financially, than Mitt Romney.”
 
Just how much?
 
Well, Forbes estimates Romney would be worth around $2 billion if he had stayed at Bain Capital rather than run for office.

Ruddy then touts how well Bain did under Romney:

In fact, during Romney’s tenure heading Bain, it boasted an astounding 173 percent annual internal rate of return on the firms it bought and sold through the end of 1999, when he left the firm.
 
All of which goes to show that not only is would-be president Mitt Romney an experienced businessman, he’s a very good one as well.

Are we sure that Romney-fluffer extraordinaire Ronald Kessler didn't ghost-write this?


Posted by Terry K. at 6:15 PM EDT

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