Mitt Romney, who was slightly more humanoid in 1994 than he is today, also thought blind trusts, of which he has one, and which he passionately defended during Thursday night’s Jacksonville debate, were terrible, devious things. How exactly did he put it? Oh yes, a blind trust is an “age-old ruse.”
During a debate with Massachusetts Senate incumbent Ted Kennedy during the 1994 campaign, a partially vibrant Romney attacked Kennedy’s blind trusts, saying:
The blind trust is an age-old ruse. You give a blind trust rules. You can say to a blind trust, don’t invest in properties which would be in conflict of interest or where the seller might think they’re going to get an advantage from me.
Kennedy then proceeded to whoop Romney’s ass, saying, “Mr. Romney, the Kennedys are not in public service to make money. We have paid too high a price.” And that was that, pretty much.
Romney’s response on his own blind trusts last night was not nearly as convincing. Following criticism from Gingrich that some of Romney’s investments included Fannie Mae and Freddie Mac, Romney said:
First of all, my investments are not made by me. My investments, for the last 10 years, have been in a blind trust, managed by a trustee.
The Bot strikes again. Interestingly, Romney must have thought Kennedy’d had kind of a great idea, because he opened his troubling blind trust in 1996, two years after his failed Senate bid. [BuzzFeed/CBS News]