Mitt Romney's offer of government of billionaires, for billionaires, by billionaires

In the Romney candidacy, the Republican party has found the apotheosis of the fact that it now represents solely the super-rich

Robin Wells
guardian.co.uk, Thursday 12 July 2012 11.01 EDT


"Too much money" sounds like an oxymoron, especially when applied to American politics. But in the last week, Republicans are beginning to learn that lots of money can have its downside. Thursday's story that Romney may have actively directed Bain Capital three years longer than he claimed – a period in which Bain Capital-managed companies experienced bankruptcies and layoffs – caps what must be the worst weekly news cycle of any modern American presidential candidate. From images of corporate raiding, to luxury speedboats, to offshore accounts in the Cayman Islands, to mega-mansions in the Hamptons, this week's stories suggest that the candidacy of Mitt Romney – poster-boy for the symbiotic relationship between big money and the modern Republican party – is in serious trouble.