The Romney Bain Saga Continues...
BY" Les Carpenter
Rational Nation USA
Liberty -vs- Tyranny
Reasonable? Plausible? Likely? You, the reasonable American people be the judge.
Via: Memeorandum
Rational Nation USA
Liberty -vs- Tyranny
Reasonable? Plausible? Likely? You, the reasonable American people be the judge.
Via: Memeorandum
I have no great love for Romney and I'm sure that his side is spinning, too, but when you have Factcheck.org, Politifact, and the Washington Post's Fact Checker all having major issues with what the Obamaites are peddling on this, I just might have to side with the Mittster on this one.
ReplyDeleteGood one Les!
ReplyDeleteUm Will, did you not listen to the video?
Romney's own words and press releases from Bain contradict what his campaign is saying:
ReplyDeleteRomney: "[T]here were a number of social trips and business trips that brought me back to Massachusetts, board meetings, Thanksgiving and so forth... [I] remained on the board of the Staples Corporation and Marriott International, the LifeLike Corporation [all Bain companies]
And this excerpt from a press release from Bain in July 1999:
"Bain Capital CEO W. Mitt Romney, currently on a part-time leave of absence to head the Salt Lake City Olympic Committee for the 2002 Games said ...
"Part-time" means one works part of the time for an entity. I used to work part-time before my children were out of school. The companies I worked "part-time" for paid me and most certainly considered me an employee--part-time."
From the Boston Herald [no friend of any Democrat]:
"Romney acknowledged that he would have benefitted financially from Bain’s operations even after he left management of the firm to others. That could open him up to criticism that he gained from investment in companies that sent jobs overseas.
'All of the investors participate in the success or failure of various investments, just like you do as a shareholder of an enterprise,' Romney said.
One Romney aide said earlier in the week that any suggestion that Romney had shipped jobs overseas was a lie, and the campaign has said repeatedly the break with the private equity firm came in 1999.
Yet documents surfaced for the second straight day that seemed to indicate Romney played an active management role in Bain Capital after that date, when he and company officials say he left the firm to run the Olympic.
Annual reports filed by Bain Capital with the state of Massachusetts said he had a role in the firm as late as 2001."
Perhaps FactCheck, and the others were a little to quick to pass judgement on this controversy, since more documents are surfacing that show Romney was, indeed, still very much involved in Bain after Feb. 1999.
What Will said. I posted a summary of this today.
ReplyDeleteMost importantly, what does the SEC say? If he broke the law, they would be coming after him. The democrat propagandists know there is nothing to this, but it keeps their hooting loonies all stirred up, and that is what this is really all about.
At the bottom, this is an attack on capitalism and free trade. The lawbreaking is nonexistent and any lying will never be proven, but it plants the seed in unthinking minds that capitalism and free trade is bad, and Mitt Romney is a vulture capitalism.
God help us that we've arrived at the point where such activities can be demonized.
I am no Romney fan, but Will and Silver are likely correct on this one.
ReplyDeleteSince Silver brought up capitalism, the most effective way not only to create wealth and broadly expand a societies economic health extending to the middle class, I feel clarifying comment necessary.
Free market capitalism of the kind Silver seems to be referring to existed only for but a brief period in American economic history. Very quickly we became a mixed economy. Which is to say a diluted form of capitalism wher the market is free to a certain extent but regulated by government controls.
Regulation can be either bad or good, it is never always one or the other. Which is say there are regulations that benefit society, such as highway safety, food safety, drug safety, hospital and doctor care, product safety etc. insuring thks require oversight and such oversight benefits us all.
The problem with capitalism today, as Rand aptly points out in Capitalism: The Unknown Ideal rests primarily in the subsidies and the pull peddling (lobbyists) that takes place daily in Washington and with a complicit business world right by the bureaucrats side, only too willing to drink and eat from the trough of the government that ultimately wishes to control them lock stock and barrel.
Perhaps someday both the left and the right will realize what is happening and they will begin to work together for the true self interest of the economu, the nation, and each individual in society. But... I ain't gonna hold my breath
SF: "If he broke the law, they would be coming after him..."
ReplyDeleteThis isn't about breaking the law. Obama's spokesperson was wrong to bring that issue up.
This is about Mitt's insisting he had nothing whatsoever to do with Bain while accepting $100,000+ [we don't know the actual amount, but we do know it is over $100,000] for doing NOTHING.
And it's about emerging documents that contradict everything Romney's said about his involvement with Bain and its vulture capitalist practices that threw Americans out of work and sent their jobs overseas.
And I'd like to see SF explain to an American worker how sending his/her job to China has benefitted him/her and the family that job supported.
How many jobs has Immelt sent overseas via GE. isn't there a curious connection between Immelt and Obama?
DeleteGiven Americans past experience with lying politicians, it is not outrageous for Americans to want true answers, to conflicting statements.
ReplyDeleteA private businessman might not have to answer these kind of questions, an American politician should know he has to, to show openness and honesty to the American public.
Reasonable statement Anon, and reasonable that politicians make pertinent information available for public scrutiny.
DeleteYa' know guys, all this makes me realize something. Romney must be one hell of a businessman! To do all that! At the same time!
ReplyDeleteEither Romney is a comic strip genius businessman/mad genius, or his resume is just a formal product of his presence in the current American Idle Rich culture.
If's he's the former? Who knows? Maybe he'd be a good president, perhaps even trans-formative!
He looks like the latter and has for a long time now.
The last thing we need is another Blue Blood from New England.
JMJ
Righto, better a red blood from gangster land Chicago.
DeleteCNN's John King (a pretty fair guy) investigated this pretty good and said that Romney's version is reasonably accurate. And, from what I can gather, too, this is a fairly common practice; CEO's taking a leave of absence and leaving their name on the documents. If the Obamaites really wanted to make some hay on Mr. Romney, they would probably be better served by hitting the fellow on the Cayman Islands stuff (after, of course, they explained away the Valerie Jarrett/Bermuda thing).
ReplyDeleteYeah, huh? Actually Romney, if he has nothing to worry about' ought to do as his own party big wigs suggest and lay it out there for all to see. Then hammer Obama on his lousy record. The lousy economy he hasn't fixed (not that he could), the increase in dependence on the nanny state and its cost, his attack on capitalism (not that we have real capitalism anyway but who care), take off the gloves in other words and start a full fledged slug fest with the O man. Because... That is precisely what the Obamaites are doing.
DeleteI'm still voting Johnson by the way. Hit the donation button at the top left and pledge a donation if you're in for some freedom and liberty come 2013!
Oh, I agree with you an that. Release 8-10 years of tax returns and tell David Axelrod to choke on it.
DeleteI've never given a dime to a politician, and never will.
ReplyDeleteIt shocks me how munch money my fellow Americans give to politicians.
Folks! Are you kidding me?! Retired Retroactively!?! What did he use, a time machine? What a load of BS!
ReplyDeleteSo we're contemplating getting rid of one liar and replacing him with another...
Unless we vote Gary Johnson... Yes, that is the reality.
DeleteI'd take half a Gary Johnson over Mitt & Bammy any day! But I have another horse in the race!
Delete