CNN's GUT CHECK | for July 12, 2012 | 5 p.m.
– n. a pause to assess the state, progress or condition of the political news cycle
JUST IN: WHEN DID MITT ROMNEY REALLY LEAVE BAIN? New documents obtained by Fortune’s Dan Primack show that Mitt Romney was not one of the managers for three funds Bain Capital started in 2000 and 2001. Romney is also not mentioned in documents related to Bain Capital's first dedicated venture capital fund, which was set up in 2001. The timing of Romney's departure from Bain became a lightning rod earlier today, when The Boston Globe published an article suggesting that Romney remained actively involved with the firm longer than he and his campaign have claimed. The sourcing is largely SEC documents that list Romney as Bain Capital's CEO and sole shareholder through 2002 - or three years after Romney officially left to run the Salt Lake City Olympic Games.
What notable vice presidential candidate was chosen on this day in history?
Half of the population of the United States is now on Facebook - a staggering number when you remember that the social network was started in a 19-year-old’s college dorm room just eight years ago.
That makes 2012 only its third presidential cycle, and with the 160 million users in America, Facebook’s growing network of 125 billion friend connections is a fascinating Petri dish of political persuasion.
“When a political communication comes from a friend or family member, it is often the most influential form of communication,” said Andrew Noyes, manager of public policy communications at Facebook. “With Pew Internet and American Life Project showing Facebook users are 57% more likely to persuade a friend or coworker to vote, it's not surprising more and more campaigns are utilizing Facebook to engage with supporters.”
With this in mind, CNN announced this week a robust partnership with Facebook for the election cycle, which will encourage civic activism with an “I’m Voting” app and will study how political discussion spreads and influences the vast networks of America.
Just think about this: An average of 3.2 billion Facebook “Likes” and comments were generated by its users every day during the first quarter of 2012. Just imagine how that will grow once the candidates start debating head to head...
Did you miss it?
Leading CNNPolitics: Biden takes on voting rights issues at NAACP convention
Vice President Joe Biden delivered a rousing address to the NAACP in Houston on Thursday, bolstering support for President Barack Obama and drawing sharp contrasts with the Republican Party on civil rights issues. – Ashley Killough
Leading Drudge: Romney: 'How can we trust him?'
A new television advertisement from the campaign of presumptive Republican presidential nominee Mitt Romney attacks President Barack Obama's campaign for spreading lies and dishonest attacks. – Daniel Halper
Leading HuffPo: Health care law repeal efforts by House GOP cost nearly $50 Million: CBS report
While Republicans lambast the cost of implementing health care reform, a new report shows that their efforts to repeal the law have come at a major cost to taxpayers - to the tune of nearly $50 million.
Leading Politico: Obama camp wages war over Bain ‘cloud’
The Obama campaign went on the attack Thursday after a bombshell report revealed that Mitt Romney was the CEO of Bain Capital for years longer than he has previously admitted. Obama deputy campaign manager Stephanie Cutter said this disclosure shows Romney is “the most secretive candidate to run for president since Richard Nixon.” – MacKenzie Weinger and Dylan Byers
Leading New York Times: Party strains to be heard now that its voice isn’t Nader’s
Jill Stein, presumptive nominee of the Green Party, is probably the only candidate on the campaign trail who spends an hour a day cooking her own organic meals — and who was, not too long ago, the lead singer of a folksy rock band. – Susan Saulny
The political bites of the day
– Taxes are the plat du jour today on Capitol Hill –
SPEAKER OF THE HOUSE JOHN BOEHNER IN HIS WEEKLY PRESS CONFERENCE ON CAPITOL HILL: “Raising taxes in a weak economy is not going to help create jobs in America. We believe that extending all of the current tax rates is the appropriate course of action. Our proposal would be to extend them all for one year so it will provide time for us to the tax code both corporate and personal.”
– Biden attacks Republicans by fretting a lack of bipartisanship –
VICE PRESIDENT JOE BIDEN ADDRESSES A SUPPORTIVE NAACP CROWD: “Almost never during his entire time did the Republican Congress reach across the aisle to help. On the Recovery Act, which kept us from sliding further into a depression, only three Republican senators and not one House member voted for it. On the Affordable Care Act, no Republican in the Senate and none in the House on the final vote. But it wasn't just in the big signature issues. It was on the easy, obvious things where we got no cooperation. Extending the payroll tax, only seven Republicans initially voted for it. Lilly Ledbetter… not a single Republican met the responsibility of meeting that requirement.”
– Romney couldn’t get elected dog catcher, Reid says –
SENATE MAJORITY LEADER HARRY REID IN A SENATE FLOOR SPEECH: “He not only couldn’t be confirmed as a Cabinet secretary, he couldn’t be confirmed as dog catcher. As a dog catcher, you’d at least want to get a look at his tax returns.” LINK
– Money being raised to prove candidates can’t be bought –
JAY LENO JOKES ABOUT OBAMA AND ROMNEY ON HIS LATE NIGHT TALK SHOW: “You know, it's interesting. In June, President Obama’s re-election campaign raised $71 million. And Mitt Romney’s campaign raised $107 million. Isn't it amazing how much these candidates have to collect from special interests to get across their message that they can't be bought? It's amazing.”
What stopped us in 140 characters or less
Boston Globe story on timing of Romney's Bain departure seems like big deal to me b.globe.com/OaDISs Still owned 100% in 2002?—
James Fallows (@JamesFallows) July 12, 2012
Boston Globe Lifts Bad Info From Other Sources on Romney's Bain Tenure publiusforum.com/2012/07/12/bos…—
(@warnerthuston) July 12, 2012
On This Day. 1957: Dwight Eisenhower became the first President to fly in a helicopter. (Photo/White House) twitpic.com/a6qin2—
West Wing Reports (@WestWingReport) July 12, 2012
Vaughn Sterling CNN (@vplus) July 12, 2012
Early candidate for the Romney campaign's most useful surrogate: Hillary Clinton. bit.ly/SbBzLf—
(@jimgeraghty) July 12, 2012
At the rate we're going, this might be the first campaign where one of the candidates gives the other a noogie—
Sam Youngman (@samyoungman) July 12, 2012
When Walter Mondale selected Geraldine Ferraro, a House member from New York, on July 12, 1984, history was made. Ferraro would become the first woman to be nominated by a major party for the office of vice president.
Ferraro, who served in the House from 1979 to 1985, also ran for the Senate twice in 1992 and 1998. The daughter of Italian immigrants had gained a great deal of recognition for being an advocated for women’s rights in Congress and for moving up the congressional hierarchy at a lightning pace.
While in Congress, she served as the secretary of the House Democratic Caucus, sat on the Steering and Policy Committee in the House and was also named to the House Budget Committee.
Ferraro, who is still seen as an ambitious trailblazer in American politics, died last year at the age of 75.
In response to her death, Mondale called her a “gutsy pioneer.”
"She was the right choice," Mondale told CNN Minneapolis-St. Paul affiliate KARE. "She's smart. She knows the issues. She believes in social justice."
"She'll be remembered as a gutsy pioneer who stood up and fought for America to open its door to all Americans, including women,” Mondale said.
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