Romney's Bain Lie

[Procrustes Stretched]

Romney, profits and shifty, shady, and ties to criminals and death squads

Dante got a jump (Today, 10:24 AM ) on some news/media. It's an obvious trail of thought to follow: Why did Romney want so badly to associate with secretive, shady, financial dealings? Profit. Profit is a god to some people. Romney is like Abraham, if a voice says 'slay the son' Romney gets a knife.

Bain Capital's Ties to Salvadoran Death Squads
Jon Wiener on July 19, 2012 - 1:55 PM ET

Some of the first investors in Mitt Romney’s firm Bain Capital, according to a report on the Los Angeles Times, were Salvadoran families living in Miami with members accused by the US government of funding death squads in the brutal civil war in El Salvador.

When Bain Capital was founded in 1984, Romney and his partners had trouble raising funds for their initial investments. “$9 million came from rich Latin Americans,” the Times reports, “including powerful Salvadoran families living in Miami. . . . At the time, U.S. officials were publicly accusing some exiles in Miami of funding right-wing death squads in El Salvador. Some family members of the first Bain Capital investors were later linked to groups responsible for killings.”

The civil war in El Salvador lasted from 1980 to 1992 and killed more than 70,000 Salvadorans. It started after Archbishop Óscar Romero was assassinated while giving a mass shortly after he published an open letter to President Carter asking him to cut off US military aid to the Salvadoran military regime.

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10. “They’re vultures that sitting out there on the tree limb waiting for the company to get sick and then they swoop in, they eat the carcass. They leave with that and they leave the skeleton” — Rick Perry [National Journal, 1/10/12]

 

[ConzHateUSA]

Hey, Mr. President Dip Shit......

Why don't you go down to the unemployment office and ask those people in line if they care more about Romney's taxes or getting a job.

Over here docs! This one is good, we have seen it before.

Someone who might not be able to pay his rent next month, going out of his way to defend and promote someone who's sole agenda is to sell his job to China will making a profit directly off of his suffering...

I maintain it is entirely about racism, but learning that maybe it is equally about their inability to admit when they are wrong.

Think about it, they are wrong about everything, have been since they were little kids, it would be a lot to expect them to say "i admit I am wrong about everything"

 

[buckeye45_73]

Mitt Romney stayed at Bain three years longer than he claimed: As we’ve previously noted, Mitt Romney twice told the Government Ethics Office that he left Bain Capital in February 1999, but there has been plenty of evidence suggesting otherwise. When he left Bain is a critical question, both because a different date than the one he claimed could mean he lied on official forms, and also because Romney has used the early departure date to insulate himself from attacks on Bain’s practices during the early 2000s.

But the Boston Globe reports today that Romney stayed on a full three years longer at Bain than he has claimed. Securities and Exchange Commission documents filed the in the years after 1999 list Romney as the “sole stockholder, chairman of the board, chief executive officer, and president” of Bain. And a Massachusetts financial disclosure form Romney filed in 2003 states that he still owned 100 percent of Bain Capital in 2002.

Romney’s Bain lie - Salon.com

That's all you have? Uh how long did Obama stay in his private sector job....oh wait he's never had one.

 

[ConzHateUSA]

docs, above is another...not sure if you can learn anything different from this one

clearly the level of stupid is growing

 

[midcan5]

The only thing Romney has on his side is the whining and crying of the right over their loss in 2008 and the hatred and racism of the far right, and sometime the not so far right. His own party summed him up during the primaries, how soon people forget they didn't like him yesterday. Romney and the ideologues who follow him can only demonize President Obama, for Romney is so conflicted one day Bain is his great corporate experience and the next he wants it erased from memory.

10 Things Mitt Romney's Republican Primary Opponents Said About Bain

1. “The idea that you’ve got private equity companies that come in and take companies apart so they can make profits and have people lose their jobs, that’s not what the Republican Party’s about.” — Rick Perry [New York Times, 1/12/12]

 

[Procrustes Stretched]

Americans should know how Romney made his money.
Romney and Bain Capital: Why he’s so afraid of talking about what he did at Bain. - Slate Magazine

3. Bain shows how Wall Street is rigged in favor of the rich. Private equity firms, like hedge funds, earn their money through a 2-and-20 structure, which means investors pay a 2 percent annual management fee, and give away one-fifth of their profits. According to one study, firms like Bain get two-thirds of of their earnings from fees charged to investors, rather than from the share of profits. According to another study, private equity firms managed to keep 70 percent of all investment profits for themselves, rather than paying them out. They’ve figured out how to be hugely profitable even if they aren’t successful, and even where firms they own go bankrupt. And because their gains come in the form of “carried interest,” private equity owners are taxed at 15 percent, rather than the top rate of 35 percent.

4. Romney’s Bain career is a story about rising inequality. It’s telling that George Romney, Mitt’s father, made around $200,000 through most of the years he ran American Motors Corporation. Doing work that clearly created jobs, the elder Romney paid an effective tax rate that averaged 37 percent. His son made vastly more running a corporate chop shop in an industry that does not appear to create jobs overall. In 2010, Mitt Romney paid an effective tax rate of 13.9 percent on $21.7 million in investment income—around 14 times as much as his father in inflation-adjusted terms. This difference encapsulates the change from corporate titans who lived in the same world as the people who worked for them, in an America with real social mobility, to a financial overclass that makes its own separate rules and has choked off social mobility. The elder Romney wasn’t embarrassed to explain what he’d done as a businessman or to release his tax returns.


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6) “He claims he created 100,000 jobs. The Washington Post, two days ago, reported in their fact check column that he gets three Pinocchios. Now, a Pinocchio is what you get from The Post if you’re not telling the truth.” — Newt Gingrich [1/13/12, NBC News]

7. “There is something inherently wrong when getting rich off failure and sticking it to someone else is how you do your business, and I happen to think that’s indefensible” — Rick Perry [National Journal, 1/10/12]

 

[Pho_King]

Actually...............several things here...........................

Bin Laden is dead, and GM is alive.

The stock market that Obama inherited from Jr. was sitting at 7,900, and it's currently sitting at aroud 12,500 (plus or minus).

We've had consistent job GROWTH for the past 29 months, even though the GOP says it's not fast enough, it's still an improvement.

As far as "occupy", do you make more than 250,000/yr? If not, why do you want to vote against yourself?

Many of us making less than 250k simply do not believe that taking more money from those pulling the wagon is in our best interests. And we certainly don't believe that YOU know anything about our best interests. We think such a determination is best made by individuals.

Who's pulling the wagon?

About 50% of us, with a very small percentage of that 50% doing the lion's share.

 

[ConzHateUSA]

and the depth of the stupid continues, very scary

 

[Procrustes Stretched]

ROMNEY and BAIN's unusual, secretive, shady, Panamanian start

Follow the money -- to Panama in the 1980s

Manuel Noriega - Wikipedia, the free encyclopedia ROMNEY and BAIN's unusual, secretive, shady, Panamanian start

 

[AmericanFirst]

Obamaturd is a lot worse than any republican. Keep trying fool, you are failing.

 

[Buford]

Hey, Mr. President Dip Shit......

Why don't you go down to the unemployment office and ask those people in line if they care more about Romney's taxes or getting a job.

Over here docs! This one is good, we have seen it before.

Someone who might not be able to pay his rent next month, going out of his way to defend and promote someone who's sole agenda is to sell his job to China will making a profit directly off of his suffering...

I maintain it is entirely about racism, but learning that maybe it is equally about their inability to admit when they are wrong.

Think about it, they are wrong about everything, have been since they were little kids, it would be a lot to expect them to say "i admit I am wrong about everything"

I maintain this election is a referendum on Obama. Fail.

 

[Buford]

ROMNEY and BAIN's unusual, secretive, shady, Panamanian start

Follow the money -- to Panama in the 1980s

Manuel Noriega - Wikipedia, the free encyclopedia ROMNEY and BAIN's unusual, secretive, shady, Panamanian start

How does this help the nation and Americans find jobs?

 

[8537]

Funding Latin American Death Squads? This makes the guy a perfect Republican candidate. Plus, it adds to his street cred among the Reagan lovers.

 

[Procrustes Stretched]

Obamaturd is a lot worse than any republican. Keep trying fool, you are failing.

So you choose not to refute anything, you choose to ignore things, and you consider that winning?

Charlie? Mr. Sheen, is that really you?

 

[PoliticalChic]

ROMNEY and BAIN's unusual, secretive, shady, Panamanian start

I hate to say "I told you so" - no I don't but follow the money.

Simple: follow the money


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Investing and consulting techniques?

Bain Capital
Bain Capital was founded in 1984 by Bain & Company partners Mitt Romney, T. Coleman Andrews III, and Eric Kriss. In 1983, Bill Bain offered Romney the chance to head a new venture that would invest in companies and apply Bain's consulting techniques to improve operations...New employees hired were generally in their twenties and top-ranked graduates from Stanford University or Harvard University, both of which Romney had attended...While Bain Capital was founded by Bain executives, the firm was not an affiliate or a division of Bain & Company but rather a completely separate company.

Why Panama?

Bank secrecy - Wikipedia, the free encyclopedia

Panama Banks Are The Most Secret in the World | ABC Article Directory

In the 1989 invasion of Panama by the United States he (Manuel Antonio Noriega Moreno[2] (Spanish pronunciation: [maˈnwel noˈɾjeɣa]; born February 11, 1934) is a former Panamanian politician and soldier. He was military governor of Panama from 1983 to 1989.) was removed from power, captured, detained as a prisoner of war, and flown to the United States. Noriega was tried on eight counts of drug trafficking, racketeering, and money laundering in April 1992.

The Romney campaign declined to comment on the specifics of Bain's early investors. Romney has argued that his offshore investments are entirely proper..."The world of finance is not as simple as some would have you believe," Romney said in an interview this week with National Review Online. ... About $9 million came from rich Latin Americans, including powerful Salvadoran families living in Miami during their country's brutal civil war.

The first outside investor in Bain was a leading London financier, Sir Jack Lyons, who made a $2.5-million investment through a Panama shell company set up by a Swiss money manager, further shielding his identity. Years later, Lyons was convicted in an unrelated stock fraud scandal.

"The world of finance is not as simple as some would have you believe," - Yeah, I bet.

Bain Capital started with help of offshore investors - latimes.com

"Despite months of negative advertising from Mr. Obama and his Democratic allies seeking to further define Mr. Romney as out of touch with the middle class and representative of wealthy interests, the poll shows little evidence of any substantial nationwide shift in attitudes about Mr. Romney."
http://www.nytimes.com/2012/07/19/u...ndercutting-obama-support.html?pagewanted=all

 

[occupied]

It is pretty standard to get in bed with the local bosses if you wish to set up shop in some cheap labor/resources shit hole. Even our government does it but we call it foreign aid rather than the bribes they are. The third world spins on greased palms, the question is not if Bain paid off brutal drug connected assholes but how could they have avoided it?

 

[Procrustes Stretched]

It is pretty standard to get in bed with the local bosses if you wish to set up shop in some cheap labor/resources shit hole. Even our government does it but we call it foreign aid rather than the bribes they are. The third world spins on greased palms, the question is not if Bain paid off brutal drug connected assholes but how could they have avoided it?

I'd say the questions are why would Romney pursue money in such a way, and what does that say about his character.

It is difficult to disagree with the rest of your analysis outside of the question posed.

 

[bobgnote]

Crime pays, Buford. Don't you know some kind of gang or cartel, who is hiring?

Clowns have value, at kiddie parties. What kind of gags and magic tricks do you feature?

 

[Buford]

Crime pays, Buford. Don't you know some kind of gang or cartel, who is hiring?

Clowns have value, at kiddie parties. What kind of gags and magic tricks do you feature?

Shoving your finger up Obama's ass and making you suck on it.

 

[occupied]

It is pretty standard to get in bed with the local bosses if you wish to set up shop in some cheap labor/resources shit hole. Even our government does it but we call it foreign aid rather than the bribes they are. The third world spins on greased palms, the question is not if Bain paid off brutal drug connected assholes but how could they have avoided it?

I'd say the questions are why would Romney pursue money in such a way, and what does that say about his character.

It is difficult to disagree with the rest of your analysis outside of the question posed.

I doubt most investment sharks are overly concerned with moral questions concerning their activities. It's just the vampire squid model of business in action, if they did not personally see the labor leader get beat to death in the back room of one of their factories it just isn't their concern.