Should Romney’s record as the head of Bain Capital be an issue in the campaign?
ABC News Politics
2012/05/22 18:06:16
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Top Opinion
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Charge 2012/05/22 18:14:37No, attacks on his private-equity background are attacks on America’s free m...
He's the only one that knows what's in there, and apparently he's made the judgement that he's better off having us suspect the worst, rather than us knowing whats in there, which apparently in his mind is worse than anything we're likely to imagine.
Possibilities include:
(1) He ended up with 120 million in his 401K by the trick of agreeing with Bain to grossly undervalue the market value of his stock, then a few years later have the stock get unvalued to the stratosphere.
(2) He participated in the tax avoidance amnesty program of a few years back, avoiding major tax penalties or prosecution.
(3) Any one or more of the other borderline legal but very bad smelling tax dodges-- "in-kind" trades, "no-risk" trades, no-risk write-offs, the list is almost endless.
And BTW he HASNT even released all of his 2010 return, he very conveniently left off the foreign investments and deposits form. Very convenient.
And his argument that it would be "bothersome" to collect the tax data is a crock too-- he supposedly collected 23 years of the stuff to show to McCain in 2008.
Ajay Jain============...
He's the only one that knows what's in there, and apparently he's made the judgement that he's better off having us suspect the worst, rather than us knowing whats in there, which apparently in his mind is worse than anything we're likely to imagine.
Possibilities include:
(1) He ended up with 120 million in his 401K by the trick of agreeing with Bain to grossly undervalue the market value of his stock, then a few years later have the stock get unvalued to the stratosphere.
(2) He participated in the tax avoidance amnesty program of a few years back, avoiding major tax penalties or prosecution.
(3) Any one or more of the other borderline legal but very bad smelling tax dodges-- "in-kind" trades, "no-risk" trades, no-risk write-offs, the list is almost endless.
And BTW he HASNT even released all of his 2010 return, he very conveniently left off the foreign investments and deposits form. Very convenient.
And his argument that it would be "bothersome" to collect the tax data is a crock too-- he supposedly collected 23 years of the stuff to show to McCain in 2008.
Ajay Jain=========================...
Republicans betrayed their own conscience when they went against established Republican principles like the MANDATE over healthcare which was a Heritage foundation issue popularized by Gingrich.
Obama did more than his share to UNITE but the Republicans were out to oppose for opposing sake and not following any policy or principles. In the famous words of Minority Senate Leader Mitch McConnell the Republicans were out to defeat the Obama agenda even if it went against established Republican policies set by past precedent.
Mitch McConnell was out to make sure that President Obama remains a one term President and see where it has brought the Congress and its public esteem.
Gingrich out of his own admission was out to defeat Obama from the day he was sworn in as President.
You can not justify the Republicans as the "loyal" opposition as is the case in most mature democracies. They have been out to get President Obama by hook or by crook. A leader can meet the opposition half way but can not fold completely to their whims and fantasies like that of the current Tea Party affiliates.
Republicans will loose in 2012 just like they did in 2008 but with a smaller margin because of the dark money of Billionaires due to Citizens United verdict of the right wing Supreme Court.
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" ... Mitt Romney senior adviser Ed Gillespie said Sunday on CNN’s "State of the Union" the GOP candidate “retroactively” retired from Bain Capital after the 2002 Salt Lake City Olympics began. ... "
No body who has been drawing at LEAST $100,000.00 per year from 1999 to 2002 from Bain Capital “retroactively” retires from Bain Capital AFTER the 2002!!! Then why draw the salary of at LEAST $100,000.00 per year from 1999 to 2002 from Bain Capital if Romney retired from Bain “retroactively” !!!
" ... Gillespie continued, "He took a leave of absence and, in fact, Candy, he ended up not going back at all and retired retroactively to February of 1999 as a result." ... "
However SEC documents show Mitt Romney as sole owner of all shares of Bain Capital. Romney is also shown as CEO, President and Chairman of Board of Bain Capital in 2001 and 2002 then LEGALLY speaking Mitt Romney has been responsible to all that goes on under the banner of Bain Capital. Then to run for Governor of MA Romney sought residency of MA by lieu of his Bain positions. Now either Romney was at the Olympics OR he was at BAIN.
Only one can be true not BOTH at the same time simultaneously!!! Will the true Willard Mitt Romney stand up and accept ONE thing? Does Romney want to accept untrue SEC filings and be called a Felon or agree that he represented Bain from 1999 to 2002?
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On Friday the 13th (7/13/2012) the very illusive Mitt Romney gave very defensive interviews to all FIVE networks on a single day at once!! Just a few days ago Mitt Romney said to FOX News that explaining means that you are WEAK. So his five interviews "explaining" his time at Bain were signs of his weakness!!
Presidential Candidate Mr. Mitt Romney maybe feeling the heat on his role in BAIN Capital, his business experience which was supposed to be his sole criteria for creating jobs and his greatest qualification for running for the American Presidency in the current economy in 2012!
However SEC documents show Mitt Romney as sole owner of all shares of Bain Capital. Romney is shown as CEO, President and Chairman of Board of Bain Capital in 2001 and 2002 then LEGALLY speaking Mitt Romney has been responsible to all that goes on under the banner of Bain Capital.
Mitt Romney can not just share the good like job creation from 1999 to 2002 and leave the ugly like Bankruptcies and layoffs behind as if he had nothing to do about them from 1999 to 2002.
If he really wanted to disassociate himself from Bain Capital he could have resigned and sold all his shares in Bain Capital in February 1999 then it would have been a different matter but to share in the glory of Bain's job creation accept a salary of $100,000 or MORE (where are the Tax Returns?) for three years and only to refuse to take the responsibility of Bankruptcies and layoffs on his WATCH (1999-2002) is trying to have it both ways and then complaining of playing politics having been caught with his hand in the proverbial Cookie Jar that is the very essence of an ACTIVE LEGAL ROLE in Bain Capital till 2002!! Was Romney getting $100,000.00 or more to do NOTHING for BAIN Capital???
Mitt Romney will have to face the consequences of this leaving Bain "lie" that Mitt Romney has brought on upon himself. If we keep reminding the Romney campaign of the Bain exit lie and Romney's ill effects on workers robbing them of their hard earned salaries and life long benefits all the way to November then 7/13/2012 (FRIDAY the 13th) will go down as the turning point of the 2012 Presidential election!
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Two-Faced Willard
"I was not responsible for what happened at Bain Capital" - Mitt Romney
"I was the Sole shareholder, Sole director, Chief executive officer and President of Bain" - Mitt Romney
"The Arizona immigration policy is a good model" – Mitt Romney
"I didn't really support the Arizona immigration policy" – Mitt Romney
“The Massachusetts healthcare plan should be a model for the nation” – Mitt Romney
“Healthcare reform should be left to the states” – Mitt Romney
"Let Detroit go bankrupt" -Mitt Romney
"I'll take a lot of credit for saving the auto industry" -Mitt Romney
“I believe Roe v Wade has gone too far.” – Mitt Romney
“Roe v Wade has been the law for 20 years we should sustain and support it.” – Mitt Romney
“I respect and will protect a woman’s right to choose.” – Mitt Romney
“I never really called myself pro-choice.” – Mitt Romney
“It was not my desire to go off and serve in Vietnam.” – Mitt Romney
“I longed in many respects to actually be in Vietnam and represent our country there.” – Mitt Romney
“I’m not trying to return to Reagan-Bush.” – Mitt Romney
“Ronald Reagan is… my hero.” – Mitt Romney
“I think the minimum wage ought to keep pace with inflation.” – Mitt Romney
"There’s no question raising the minimum wage excessively causes a loss of jobs.” – Mitt Romney
“I saw my father march with Martin Luther King.” – Mitt Romney
“I did not see it with my own eyes.” – Mitt Romney
“I would like to have campaign spending limits.” – Mitt Romney
“The American people should be free to advocate for their candidates without burdensome limitations.” – Mitt Romney
“I supported the assault weapon ban.” – Mitt Romney
"I don’t support any gun control legislation.” – Mitt Romney
1.) Staples
2.)Sport's Authority
3.) Domino's
4.) KB Stores
5.) Bright Horizons
Update to the above list: Dated 5/29/2012
6.) LinkedIn
7.) 1-800 Dentist
8.) iPay Technologies
9.) Shopping.com
10.) Vonage
11.) Square Trade
12.) Experian Corporation
...AND THE ABOVE ARE JUST SOME OF THE COMPANIES I'VE EITHER HEARD OF OR HAS DONE BUSINESS WITH.
This list will be updated as my research time will allow. Meanwhile, you're welcome to visit Bain Capital for yourself. Here are a few links:
http://www.baincapitalventure...
http://www.baincapitalventure...
It's odd but the Obama Adminstration appointed a venture capitalist from Lehman Brothers to Obama's inner circle, and no one says anything about that but Anderson Cooper on CNN. Let's talk about Obama's ties to Geo. Soros, Goldman Sachs, Fannie Mae, Lehman Brothers and AIG... turnabout is fair play.
parties in Vegas and soon Hawaii. Building of mosques in the middle east is a good use of tax payer money? Leave Romney alone, he earned his money.
The financial industry is evil at its base (this comes from a banker working in the mortgage industry) and we should treat it as such.
While I do not like Obama, Romney's time at Bain is not comforting.
Bain under Mitt Romney invested in Staples, which had 89,000 employees as of Dec. 31, 2010. Bain under Romney invested in Sports Authority, which had 15,000 employees as of July 2011. Bain under Romney invested in Domino’s Pizza, which has added 7,900 jobs since 1999. And those are just three of the many, MANY companies that Bain Capital turned around or created with its investment.
Some of the jobs that Romney has claimed credit for were created several years after he left the company. But there is no question that had he not been involved when he made the investment decisions he made, those jobs never would have existed at all.
Every single one of those well-over hundred thousand jobs that Romney created ought to be counted from the very premise of the current Obama ad: because the steel company (GST Steel) that is featured in the ad lost the jobs well AFTER Romney left Bain. To go with the fact that it’s a laugh to blame Bain for those jobs at ALL. Mitt Romney was in fact turning around the Olympics by the time those GST Steel jobs were lost.
So now the same people who are saying Mitt Romney shouldn’t get credit for the jobs created after he left Bain are demanding that Romney be bl...
Bain under Mitt Romney invested in Staples, which had 89,000 employees as of Dec. 31, 2010. Bain under Romney invested in Sports Authority, which had 15,000 employees as of July 2011. Bain under Romney invested in Domino’s Pizza, which has added 7,900 jobs since 1999. And those are just three of the many, MANY companies that Bain Capital turned around or created with its investment.
Some of the jobs that Romney has claimed credit for were created several years after he left the company. But there is no question that had he not been involved when he made the investment decisions he made, those jobs never would have existed at all.
Every single one of those well-over hundred thousand jobs that Romney created ought to be counted from the very premise of the current Obama ad: because the steel company (GST Steel) that is featured in the ad lost the jobs well AFTER Romney left Bain. To go with the fact that it’s a laugh to blame Bain for those jobs at ALL. Mitt Romney was in fact turning around the Olympics by the time those GST Steel jobs were lost.
So now the same people who are saying Mitt Romney shouldn’t get credit for the jobs created after he left Bain are demanding that Romney be blamed for jobs that were lost AFTER he left Bain. Because the quintessential defining essence of a Democrat is abject personal hypocrisy and abject personal dishonesty.
Interestingly, the key decision-maker at Bain Capital during those two years after Romney left and when GST Steel was closed was none other than Jonathan Lavine. Who was Jonathan Lavine? Lavine just happens to be a major Obama supporter and bundler who raised more than $100,000 for the Obama’s reelection campaign. But please forget that, as it is just a fact and interferes with Obama’s demagoguery.
At Steel Dynamics Romney created 6,000 jobs. Why doesn’t that matter? Same reason it doesn’t matter that Obama’s money bundler was actually the guy who ran Bain’s dismantling of any job losses at GST Steel. So let’s forget Steel Dynamics and focus exclusively on Obama’s bogus attack campaign.
Romney is NOT a known!
Why won't Romney release his Harvard Law School transcripts? What is he hiding? How do we know he earned his HL degree on his own? Why can't we see his Harvard GPA?
Why won't Romeny discuss his religion? Why doesn't the right, who is SO obsessed with Jeremiah Wright, want to know what Mormonism is about and how Romney's faith shapes his worldview?
Why won't Romney talk about his record as governor of Mass., why doesn't the right want to know about the years he spent there?
Why won't Romney release more than 1 YEAR OF TAX RETURNS?! Obama has posted 6 years of past tax returns online, Romney just one and he hasn't posted 2011 yet!! What is Romney hiding about his finances?
We know LESS about Romney than we do Obama!
You don't think anything that happened during the Bush Administration had anything to do with that, do you?