Mitt Romney, Horse Trader

Remember a while back when some Democratic talking head said Ann Romney had never worked a day in her life, and the Fox News exploded, trying to get stay-at-home moms riled up about it? As if Ann Romney was one of them?

Let's for a moment ignore the fact that the life of a stay-at-home wife of a multimillionaire is nothing like the life of a real stay-at-home mom who stays home and bakes cookies and can't afford maids and gardeners and private schools and a couple of Cadillacs and the peace of mind that near-infinite amounts of money can buy.

It turns out that Ann Romney did have a job, of sorts, as a member of that notoriously dishonest profession of horse trader.

An article in the New York Times describes Ann's involvement in the sport of dressage, the buying and selling of horses, and her relationship with a German dressage trainer, Jan Ebeling.

Ann Romney took up dressage again at age 50, after learning she had multiple sclerosis. This sort of activity helped her deal with the disease. She became quite good at it and her physical condition improved. She took several trips to Europe with Ebeling to buy top-drawer dressage horses for herself and her trainer. These horses cost upwards of $100,000 apiece, and she bought several.

Now, there's nothing intrinsically wrong with a high-falutin' sport like dressage or Ann Romney spending her free time doing it, or buying expensive horses, or footing the bill for her trainer's horses, or lending him half a million bucks to buy a horse farm where she can vacation. But it doesn't end there.

According to the article:

On the Romneys’ 2010 tax returns, they reported a loss of $77,000 for their share of the partnership that owns Mr. Ebeling’s top mount, Rafalca. Mrs. Romney owns the horse with Ms. Ebeling and a Romney friend, Beth Meyers. Sponsorship arrangements are not unusual in dressage, where riders who want to climb to the top look to wealthy backers.

Yes, the Romneys lowered their tax liability by claiming a loss for the expenses of Ann's very expensive hobby. I bet you wish you could use your hobbies to reduce your taxes.

In 2003 the Romneys bought a horse named Super Hit in Germany for $100,000. They bought the horse even though X-rays showed he had a bad coffin joint. Horses with this flaw often go lame, cannot be ridden and must be turned out to pasture.

And indeed, Ann learned she couldn't ride the horse for this reason:

Though Mrs. Romney loved the horse, calling him “Soupy,” she decided to sell him in late 2007. Riding him, though meant to soothe her multiple sclerosis, had in fact become painful. “I frequently was getting back spasms when I rode Soupy,” she said.

The Romneys sold Soupy because he'd gone lame. Knowing this they still found a buyer, Catherine Norris. Ebeling told the buyer that Super Hit was the soundest horse on the farm. The buyer did what she was supposed to do: she had X-rays taken and had a vet look at the horse. She found out about the coffin joint, but the vet told her it was fine, no problem there. But the vet had a conflict of interest--he was Romney's vet. He even sent out emails telling people to vote for Romney on Super Tuesday in 2008.

The buyer paid $125,000 for the horse but quickly discovered that he was lame, something Ann Romney obviously knew because that was why she sold him. The problem was apparently masked during the evaluation by injecting the horse with four tranquilizers. The buyer sued the Romneys, Ebeling and the vet. The suits were eventually settled out of court.

Now some people will say that this is just a case of caveat emptor. The buyer should have known what a bad coffin joint meant, shouldn't have trusted Romney's vet, and should have demanded to see the tox screen.

So, yeah, the buyer screwed up. She trusted the wife of a guy who'd already been running for president for years at the time. A guy who claims we can trust him. Yet this man who would be president let his wife screw someone out of $125,000.

And then there's this:

Asked if she was ever unhappy with Mr. Ebeling’s instruction, Mrs. Romney said in a deposition in the lawsuit, “I think that is not a fair question because we all get upset at certain times with anybody that is — you know, especially a German.”

The casual, matter-of-fact racism is so heart-warming. It's good to know what kind of people Mitt Romney shares his most intimate moments with.

In the final analysis Ann Romney bought a horse with a bum leg for way too much money, lied about the true condition of the animal, doped him up for the test, got a vet to lie about the animal's condition, dumped him on someone else for a 25% profit, then refused to fess up when she got caught.


But it's no surprise. Mitt made his money pretty much the same way. Romney was essentially a horse trader, buying up companies with bum bottom lines and selling them again to unsuspecting investors, only to have some of them go lame — err, bankrupt — after Mitt had cashed out. I guess Ann learned from her husband well.


If this is how Romney treats people in his private life, and how he treats people in the business world, why would he treat the American people any differently?