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Keyword: bain

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  • Poll: Romney the frontrunner in 2016?

    06/19/2014 3:36:50 PM PDT · by 2ndDivisionVet · 423 replies
    CNN's Political Ticker ^ | June 19, 2014 | Paul Steinhauser, political editor
    He's said over and over that he won't run for the White House a third time, but a new poll indicates that if Mitt Romney changed his mind and made another bid for president, he'd be the frontrunner among Republicans in the first-in-the-nation primary state of New Hampshire. According to the Suffolk University/Boston Herald survey, which was released Thursday, 24% of Granite State Republicans and independents who lean towards the GOP say that Romney would be their first choice for their party's presidential nomination. Among the potential 2016 GOP contenders, New Jersey Gov. Chris Christie was a distant second, at...
  • Can Mitt Romney Save Hostess?

    11/19/2012 1:19:44 PM PST · by drewh · 57 replies
    Long Island Poltics ^ | Fri, Nov 16, 2012
    Could Mitt Romney save Hostess? Like him or not, if you have ever shopped at a Staples and/or Sports Authority, you have Mitt Romney and his Bain Capital buddies to thank. And now that Mr. Romney is not running — well anything, maybe he can shift his energy towards an endeavor greater than saving the nation from the “looming fiscal cliff” … and rescue my favorite cakes from extinction. Sure President Obama may have saved the auto-industry, but bring back Ho Ho’s, Sno-Balls and Wonder Bread and Virginia, Minnesota & Michigan become easy wins in the next presidential election. Wanna...
  • Union: 'Bain-style' killing of Twinkie (Romney's fault)

    11/16/2012 10:35:11 AM PST · by Free ThinkerNY · 78 replies
    Politico ^ | Nov. 16, 2012 | KEVIN CIRILLI
    The Bain attack is back. This time it’s being used against Hostess Brands, the Twinkies and Wonder Bread maker that announced Friday it was closing. AFL-CIO President Richard Trumka drew the comparison in a public statement Friday. “What’s happening with Hostess Brands is a microcosm of what’s wrong with America, as Bain-style Wall Street vultures make themselves rich by making America poor,” Trumka said in a public statement. “Crony capitalism and consistently poor management drove Hostess into the ground, but its workers are paying the price.” Earlier Friday, Hostess Brands announced that it would be closing, which the company said...
  • The return of Bain Capital (Big Bird, Binders, Bayonets Under Bus)

    10/30/2012 12:02:34 PM PDT · by mojito · 17 replies
    Politico ^ | 10/30/2012 | Alexander Burns and Maggie Haberman
    For the final days of the 2012 campaign, the Democratic groups pummeling Mitt Romney on television have returned to the weapon they started with last spring: Bain Capital. The Obama campaign and its super PAC allies have spent months trashing Romney’s policies and personal values across the airwaves, branding him as a job-killing, abortion rights-opposing, Medicare-privatizing tycoon who disdains working-class and poor Americans. But with a little over a week left in the race, several of the Democrats’ top independent spenders are leaning hard into the Bain message, eschewing a pure policy message for a gut-punch reminder that the former...
  • MSNBC’s Fineman in a tizzy over Des Moines Register’s Romney endorsement; Left shrieks ‘Bain...

    10/28/2012 2:22:14 PM PDT · by markomalley · 13 replies
    Twitchy ^ | 10/28/12
    Oh, my! Perhaps that explains this indecipherable frantic tweet that Mr. Fineman posted earlier.#Obama in dm register tre— Howard Fineman (@howardfineman) October 28, 2012 Heh. Cat got your tweet, toots? Twitter users can’t resist some jabs over that one.@howardfineman your tweets are really hard to decode.— Dave Devitt (@sydcon) October 28, 2012 @howardfineman Is that you Senator Grassley?— Gus (@Gus_802) October 28, 2012 Looking at @howardfineman's recent TL, I'm convinced he's drunk or dictates his columns at HP.— Slim Pickens (@Mattie96) October 28, 2012 HuffPo editor and MSNBC analyst Fineman continues. Basically, that Des Moines Register endorsement of Romney?...
  • Wealthy CEO torments ex-wife (Staples founder’s ex-wife: I’ll be out on the street)

    10/23/2012 9:37:05 PM PDT · by Perdogg · 90 replies
    PurseLog ^ | Sept 3 2006
    Maureen Sullivan Stemberg, ex-wife of Staples founder, sits in her $5,200 a month, 14th-floor, concierge-at-the-door, elegantly furnished Back Bay apartment and tells you she’s broke. She can’t work. She can’t afford a car, her medications, her rent, even the family springer spaniel, J.J., who she just gave away. She produces doctors notes detailing medical woes: possible lupus, bouts of pneumonia requiring hospitalizations, a history of cancer, petit mal seizures, plus recommendations for thrice weekly psychotherapy and psychiatry. She says her insurance won’t cover mental health care. “I’m going to be out on the street,” says Sullivan Stemberg, a tiny, 50-ish...
  • Romney as a Manager: Unhurried and Socratic (MUST READ)

    10/20/2012 2:04:40 PM PDT · by indianrightwinger · 38 replies
    nytimes ^ | MICHAEL BARBARO, SHERYL GAY STOLBERG and MICHAEL WINES
    Romney as a Manager: Unhurried and Socratic By MICHAEL BARBARO, SHERYL GAY STOLBERG and MICHAEL WINES. BOSTON — As governor of Massachusetts, Mitt Romney could not resist burrowing into the bureaucratic weeds: He once took the statewide math and reading test for 10th graders, then startled his education commissioner by calling to say, “I like No. 14” and rattling off the answer. As head of the private equity firm Bain Capital, he was so uncomfortable cutting loose struggling employees that a legend grew: executives sent in to his office to be fired emerged thinking they had been promoted. And as...
  • Pro-Obama super PAC goes back to Bain basics in closing days

    10/20/2012 7:12:16 AM PDT · by Oldeconomybuyer · 11 replies
    Politico ^ | October 20, 2012 | By MAGGIE HABERMAN
    The pro-President Obama super PAC Priorities USA Action is out with a memo this morning detailing its plans for the final days, including the return of one of its toughest spots about Mitt Romney's time at Bain.
  • Fact Check: Story about Mitt Romney and missing child is true .

    10/19/2012 6:52:01 PM PDT · by sushiman · 107 replies
    The Florida Times-Union ^ | 4/29/12 | Carole Fader
    Is it true that Mitt Romney closed down his firm, Bain Capital, and flew 30 workers to New York to look for the missing daughter of one of his colleagues? The fact-finding groups PolitiFact.com, Snopes.com and Truthorfiction.com all rate this as true, and media reports of the day confirm much of the details of the viral email.
  • Tuesday's Debate: Obama Tips Hand?...Will Slam Romney on Bain?

    10/14/2012 11:31:08 AM PDT · by CincyRichieRich · 75 replies
    www.Foxnews.com ^ | 10-14-12 | Ed Henry
    As President Obama began to hunker down at a plush resort here for three full days of debate prep, his campaign team signaled the incumbent may steal a page from Vice President Joe Biden and show a more aggressive tone in Tuesday's second face-to-face showdown with Republican Mitt Romney. "Gov. Romney has been making pitches all of his life and he knows how to say what people want to hear whether that was during his time at Bain or during the dozens of town halls he did during the primary," said Obama campaign spokeswoman Jen Psaki said Saturday. "His running...
  • Obama camp tips hand on debate, hints president will attack Romney on Bain

    10/14/2012 6:58:56 AM PDT · by Blue Turtle · 120 replies
    As President Obama began to hunker down at a plush resort here for three full days of debate prep, his campaign team signaled the incumbent may steal a page from Vice President Joe Biden and show a more aggressive tone in Tuesday's second face-to-face showdown with Republican Mitt Romney. "Gov. Romney has been making pitches all of his life and he knows how to say what people want to hear whether that was during his time at Bain or during the dozens of town halls he did during the primary," said Obama campaign spokeswoman Jen Psaki said Saturday.
  • What is the story on Sensata?

    10/14/2012 6:08:11 AM PDT · by KevinDavis · 12 replies
    10/14/2012 | Kevin Davis
    I keep hearing about Sensata? What is the scoop on that and why is the left thinking it will hurt Romney??
  • Greed, debt and Matt Taibbi: What Rolling Stone got right, and wrong, about Bain Capital

    09/09/2012 3:05:02 PM PDT · by mojito · 2 replies
    CNN/Fortune ^ | 9/4/2012 | Dan Primack
    Very few of my friends understand private equity, let alone care about it. But some of them wrote me this past weekend, after reading Matt Taibbi's new cover story for Rolling Stone about Mitt Romney's time with Bain Capital. [....] Taibbi took out the long knives for this one, which means he sacrificed a bit of accuracy for potency. His overall thesis is correct: There is a fundamental hypocrisy in a former leveraged buyout investor railing against America's ballooning debt. Leveraged buyouts, by definition, add debt to a company's balance sheet -- weighing it down in the short-term so that...
  • Steelworker Featured at DNC Didn't Work for Bain (Unions and Dems Caught Lying)

    09/06/2012 3:37:46 PM PDT · by Dallas59 · 10 replies
    Yahoo News ^ | 9/6/2012 | Yahoo News
    The Democratic National Convention on Wednesday featured three speakers billed as "former employees of companies controlled by Bain Capital." They each told compelling stories about jobs lost, allegedly because of the actions of Bain under Romney's leadership. But it turns out one of those employees never actually worked for a company controlled by Bain Capital. David Foster was supposedly one of those former employees on the convention schedule. He told the story about 750 steelworkers who lost their jobs when the Bain-controlled company GST steel filed for bankruptcy in the early 1990s. "In 2001, with GST bankrupt and Romney still...
  • Steelworker Featured at DNC Didn’t Work for Bain

    09/06/2012 10:55:54 AM PDT · by Wyatt's Torch · 28 replies
    ABC News ^ | 09/06/2012 | Jonathan Karl
    The Democratic National Convention on Wednesday featured three speakers billed as “former employees of companies controlled by Bain Capital.” They each told compelling stories about jobs lost, allegedly because of the actions of Bain under Romney’s leadership. But it turns out one of those employees never actually worked for a company controlled by Bain Capital. David Foster was supposedly one of those former employees on the convention schedule. He told the story about 750 steelworkers who lost their jobs when the Bain-controlled company GST steel filed for bankruptcy in the early 1990s.
  • Look who parks their cash at Bain

    09/04/2012 12:46:32 PM PDT · by ctpsb · 4 replies
    New York Post ^ | 08/31/12 | Deroy Murdock
    Democrats convened in Charlotte, NC, will double down on their claim that Bain Capital is really the Bain crime family. They will accuse Republican nominee Mitt Romney and Bain’s other “greedy” co-founders of stealing their winnings, evading taxes and lighting cigars with $100 bills on their yachts........
  • Bain employees to speak at Democrats' convention, officials confirm

    09/03/2012 6:50:57 PM PDT · by Justaham · 59 replies
    foxnews.com ^ | 9/3/12 | Bret Baier
    Democrats plan to have Bain Capital employees make the case against Mitt Romney at their convention in Charlotte. Senior Obama campaign officials confirmed to Fox News that at least two people who worked at Bain Capital -- Romney's former private equity firm -- will speak at the Democratic National Convention this week. The bold move comes after Democrats have spent millions of campaign dollars on ads shedding light on companies that folded after Bain takeovers. While the campaign is not revealing who will be speaking or when they'll be addressing the convention, one thing is clear -- it will not...
  • Inquiry on Tax Strategy Adds to Scrutiny of Finance Firms(Bain/Romney)

    09/02/2012 11:19:04 AM PDT · by EBH · 7 replies
    New York Times ^ | 9/1/2012
    Mr. Schneiderman’s investigation will intensify scrutiny of an industry already bruised by the campaign season, as President Obama and the Democrats have sought to depict Mr. Romney through his long career in private equity as a businessman who dismantled companies and laid off workers while amassing a personal fortune estimated at $250 million. Some executives at the firms said they feared that Mr. Schneiderman, a first-term Democrat with ties to the Obama administration, was seeking to embarrass the industry because of Mr. Romney’s roots at Bain. Others suggested that the subpoenas, which were issued by the attorney general’s Taxpayer Protection...
  • Greed and Debt: The True Story of Mitt Romney and Bain Capital

    09/02/2012 10:29:39 AM PDT · by tired&retired · 36 replies
    Rolling Stone Magazine ^ | September 13, 2012 | Matt Taibbi
    How the GOP presidential candidate and his private equity firm staged an epic wealth grab, destroyed jobs – and stuck others with the bill. The great criticism of Mitt Romney, from both sides of the aisle, has always been that he doesn't stand for anything. He's a flip-flopper, they say, a lightweight, a cardboard opportunist who'll say anything to get elected. The critics couldn't be more wrong. Mitt Romney is no tissue-paper man. He's closer to being a revolutionary, a backward-world version of Che or Trotsky, with tweezed nostrils instead of a beard, a half-Windsor instead of a leather jerkin....
  • Look who parks their cash at Bain

    09/01/2012 8:22:03 AM PDT · by NMRed · 13 replies
    New York Post ^ | 9/1/2012 | Deroy Murock
    Democrats convened in Charlotte, NC, will double down on their claim that Bain Capital is really the Bain crime family. They will accuse Republican nominee Mitt Romney and Bain’s other “greedy” co-founders of stealing their winnings, evading taxes and lighting cigars with $100 bills on their yachts. But Bain’s private-equity executives have enriched dozens of organizations and millions of individuals in the Democratic base — including some who scream most loudly for President Obama’s re-election. Government-worker pension funds are the chief beneficiaries of Bain’s economic stewardship.
  • Look who parks their cash at Bain

    09/01/2012 7:57:10 AM PDT · by TerriHaute · 9 replies
    New York Post ^ | 9/1/2012 | Deroy Murdock
    Democrats convened in Charlotte, NC, will double down on their claim that Bain Capital is really the Bain crime family. They will accuse Republican nominee Mitt Romney and Bain’s other “greedy” co-founders of stealing their winnings, evading taxes and lighting cigars with $100 bills on their yachts. But Bain’s private-equity executives have enriched dozens of organizations and millions of individuals in the Democratic base — including some who scream most loudly for President Obama’s re-election. Government-worker pension funds are the chief beneficiaries of Bain’s economic stewardship. New York-based Preqin uses public documents, news accounts and Freedom of Information requests to...
  • Inside Mitt Romney's Bain Files

    08/23/2012 12:47:00 PM PDT · by mojito · 6 replies
    The Daily Beast ^ | 8/23/2012 | Alex Klein
    Very rich people have very much money in very many places. Currently, that’s the broadest possible takeaway from the 950 pages of confidential documents related to Mitt Romney’s finances obtained and published by Gawker. The files include “internal audits, financial statements, and private investor letters for 21” entities in which the candidate has invested over $10 million—many of them Bain Capital subsidiaries or investment vehicles based in Bermuda or the Cayman Islands. So far, there's nothing on income taxes, nothing incriminating, and nothing that should send either campaign reeling—but there are a couple of strings worth pulling on. Gawker’s John...
  • Jay Leno on Tonight Show Layoffs: 'We've Been Taken Over By Bain Capital'

    08/21/2012 8:03:36 AM PDT · by Sub-Driver · 77 replies
    Jay Leno on Tonight Show Layoffs: 'We've Been Taken Over By Bain Capital' By Noel Sheppard Created 08/21/2012 - 10:18am Jay Leno on Monday addressed the recent announcement that there have been numerous layoffs at NBC's Tonight Show forcing him to take a pay cut to save some of his staff. Feeling the need to take a cheap shot at presumptive Republican presidential nominee Mitt Romney, Leno quipped, “Turns out now we've been taken over by Bain Capital" (video follows with transcript and commentary): Leno began his opening monologue saying, “Welcome to the Tonight Show, or as Comcast calls us,...
  • Here's the speech Romney should give about Bain

    08/17/2012 2:18:00 PM PDT · by SussexNJ · 3 replies
    SalisburyPost.com ^ | August 12, 2012 | Deroy Murdock
    Mitt Romney cannot run from his record at Bain Capital. So, he might as well give this speech. ... Ladies and Gentlemen: You have heard plenty about my previous life as a rich businessman. Yes, I made some $250 million in free enterprise and am proud I did — just as Berry Gordy is proud that he produced millions at Motown and Steve Jobs was proud he yielded billions at Apple. Like these respected and wealthy entrepreneurs, I added value, delivered products and services that people wanted and created thousands of careers along the way. At Bain Capital, my team...
  • Outsourcing Hypocrisy

    08/17/2012 10:12:23 AM PDT · by Kaslin · 1 replies
    Townhall.com ^ | August 17, 2012 | Bob Beauprez
    During the month of July, Barack Obama relentlessly attacked Mitt Romney with bogus charges of outsourcing American jobs during his tenure at Bain Capital.  Hypocrisy has become standard-operating-procedure for the Obama White House and campaign team.  However, some new information suggests that if Obama really wanted to rail against the big outsourcer he should have been talking to the man in his mirror. The Obama campaign spent millions on television ads accusing Romney of being the "outsourcer-in-chief."  But, when scrutinized by political truth-testers across the nation, the accusations proved to be false.Glenn Kessler, The Fact Checker at the Washington Post,...
  • Romney’s Bain saved site of Obamas’ first kiss

    08/16/2012 2:28:19 PM PDT · by OL Hickory · 16 replies
    The Daily Caller ^ | 8-16-2012 | Geoffrey Malloy
    Bain Capital, the investment firm that Mitt Romney made famous, made a leveraged buyout that saved the site of Barack and Michelle Obamas’ first kiss.
  • Huffington Post Tries to Connect Governor Romney to Death Squads

    08/09/2012 4:33:28 PM PDT · by Kaslin · 19 replies
    NewsBusters.org ^ | August 9, 2012 | Jeffrey Meyer
    What do Mitt Romney and El Salvadoran death squads have in common? Well if you’re the Huffington Post the answer is a lot. If you happened to be one of the few people who went to the Huffington Post website on August 8, you probably saw the following provocative and ridiculous headline: “Mitt Romney Started Bain Capital with Money from Families Tied to Death Squads.” The article asserts that when Romney was looking for money to form Bain Capital in 1983, he turned to several Central American investors, investors who supposedly had ties to death squads throughout El Salvador. While...
  • Anti-Romney steel worker was offered a buyout

    08/09/2012 7:08:18 AM PDT · by Qbert · 4 replies
    Washington Examiner ^ | May 14, 2012 | Charlie Spiering
    Former steel worker Joe Soptic, who was prominently featured in President Obama's new anti-Romney ad, is actually a familiar face on the anti-Bain beat. In January, Soptic complained to Democracy Now, a liberal non-profit TV station, that when the steel company he worked for was bought out, they tried to buy him out. "I guess the first thing I noticed that when the company was bought out by GST, They became very union non-friendly, they started looking for ways to eliminate jobs," Soptic said. "In my case in my department, they actually offered to buy our jobs out from underneath...
  • Cancer Victim Had Health Insurance For Year or Two After Bain Closed Plant

    08/07/2012 5:46:39 PM PDT · by Nachum · 32 replies
    National Review Online ^ | 8/7/12 | Katrina Trinko
    Earlier today, pro-Obama super PAC Priorities USA released an ad in which Joe Soptic discusses how he lost his job because Bain closed a GST Steel plant in Kansas City, Missouri, in 2001, and notes that his wife passed away of cancer not long after, suggesting that she waited to see a doctor (she had stage 4 cancer by the time she received medical attention) because of the couple’s lack of health insurance. Well, first it turned out that Soptic’s wife, Ranae Soptic, died in 2006 — five years after the GST Steel plant closed.
  • CNN Priorities USA Fact Check (Steelworker's wife 'killed' by Romney quit job w/ health insurance)

    08/07/2012 5:34:00 PM PDT · by kristinn · 87 replies
    CNN via YouTube ^ | Tuesday, August 7, 2012
    No description at YouTube, so my write up:CNN's Brianna Kielar spoke with Joe Soptic, a former steelworker featured in a new pro-Obama super PAC ad who was laid off in 2001 when Bain Capital closed the company he had worked at for a reported 30 years. Without directly accusing Soptic and Priorities USA of being despicable liars, CNN lets its reporting call them out as despicable liars. Soptic told CNN his wife had her own health insurance at her own job when he was laid off. Soptic said his wife quit her job a year or two later due to...
  • Romney should leverage his tax records to re-educate Americans on prosperity capitalism can engender

    08/07/2012 10:17:26 AM PDT · by Starman417 · 2 replies
    Flopping Aces ^ | 08-07-12 | Vince
    For months we’ve heard calls from Democrats for Mitt Romney to release his tax records. Last week Harry Reid even claimed he had it from “a number of people” had told him that Mitt Romney had not paid his taxes for a decade and demanded he release them. I’d like to suggest Mitt Romney actually go ahead and release his tax records. Much like pulling a Band-Aid off a wound, where the fear of the pain is actually worse than the pain itself, I suspect the speculative hay that Democrats will be making over the next three months will be...
  • Harry Reid: Some Bain investor who I won’t name told me Romney didn’t pay income taxes for 10 years

    07/31/2012 1:57:06 PM PDT · by SeekAndFind · 98 replies
    Hotair ^ | 07/31/2012 | AllahPundit
    Sounds solid. Mitt Romney, who's been running for political office for 20 years now, decided he'd gamble those prospects and risk time in a federal pen for tax evasion in order to save a few million dollars that he doesn't need.And he made this decision year after year, for 10 years.By the way, some random guy on the Internet told me Obama was born in Kenya. Now, do I know that's true? Well, I'm not certain. But let me just toss it out there. "His poor father must be so embarrassed about his son," Reid said, in reference to George...
  • They can’t handle the truth

    07/25/2012 9:01:23 AM PDT · by Starman417 · 1 replies
    Flopping Aces ^ | 07-25-12 | DrJohn
    Spending time at Huffington Post can be one interesting experience. It is impressive to watch an entire segment of society engaging in self-indulgence and self-delusion. If Barack Obama told them Mitt Romney was an alien from Remulak and his house had to be burned down and he had to be destroyed they'd do without so much as a thought. When confronted with facts, they simply deny them. They stick their fingers in their ears, close their eyes and yell "LALALALALALALA." "Liar" is the word of the day for Mitt Romney. A sampling: electricsoul: As if we didnt already know but...
  • DNC Plans To Turn Small Business Attack Tables On Romney

    07/24/2012 9:01:47 PM PDT · by Republican Wildcat · 19 replies
    TPM Livewire ^ | July 24, 2012 | Evan McMorris-Santoro
    On Wednesday, the Democratic National Committee plans to join the Obama campaign with a stepped up response to the “you didn’t build that” attacks on the president by Mitt Romney and the GOP. DNC spokesperson Brad Woodhouse emailed a broad outline of the Democraic pushback plan to reporters late Tuesday night, which the party says will include on-the-ground events in states and a national conference call targeting what the DNC called Romney’s “failed record and failed policies” on small business “as well as President Obama’s record as a consistent advocate for small businesses.” Based on the outline, many of the...
  • Gallup: Despite Bain attacks, Romney more trusted than Obama on the economy

    07/23/2012 4:04:28 PM PDT · by SeekAndFind · 20 replies
    Hotair ^ | 07/23/2012 | AllahPundit
    The man's nothing if not consistent. He campaigns as he governs, spending astounding sums to little effect. Despite concerted Democratic attacks on his business record, Republican challenger Mitt Romney scores a significant advantage over President Obama when it comes to managing the economy, reducing the federal budget deficit and creating jobs, a national USA TODAY/Gallup Poll finds.By more than 2-1, 63%-29%, those surveyed say Romney's background in business, including his tenure at the private equity firm Bain Capital, would cause him to make good decisions, not bad ones, in dealing with the nation's economic problems over the next four years...The...
  • ‘Bain’ there, too: Obama supporters also led bad private-equity deals

    07/22/2012 2:49:36 PM PDT · by Free ThinkerNY · 2 replies
    nypost.com ^ | July 22, 2012 | JOSH KOSMAN
    Private equity has been the focal point of this year’s presidential campaign. Democrats and the White House have used Republican Mitt Romney’s past private-equity deals to paint the image that Bain Capital helped destroy companies and put Americans out of work. Still, President Obama is closely aligning himself with supporters who have PE deals in their own closets with less than stellar results for Americans while the investors profited handsomely. Obama National Campaign Co-Chair Federico Pena led a buyout of a rural telephone company that looks very much like the criticized Romney deals, but has received little attention. Obama last...
  • How Mitt Romney's $250m fortune was built by two of England's most disreputable business figures

    07/20/2012 6:21:21 AM PDT · by C19fan · 12 replies
    UK Daily Mail ^ | July 20, 2012 | Daniel Miller
    Presidential hopeful Mitt Romney built his $250 million fortune with the help of two of Britain's most disreputable business figures - Guinness fraudster Jack Lyons and crooked newspaper boss Robert Maxwell. In the 1980s both men invested large sums in the Republican candidate's first private equity fund, started during his years at Bain & Company, which launched his now highly controversial career in finance.
  • Obama Campaign Bundler Works at Bain, Had Role in Layoffs

    07/19/2012 3:22:42 PM PDT · by justiceseeker93 · 9 replies
    Conservative Daily News.com ^ | July17, 2012 | Warren Beatty (not the liberal actor)
    Oops! Here’s a little something that must have slipped out while David Axelrod and the rest of the President Barack Hussein “kill list” Obama reelection campaign committee weren’t looking. The Obama reelection campaign blamed Mitt Romney for the failure of GST Steel company in 2001. A May, 2012, TV ad focuses on the Bain acquisition of GST Steel, and it shows workers at a shuttered plant blaming Romney and Bain Capital for the closure and job losses. But there are two facts about this situation that the Obama campaign would rather that you not know. First, GST Steel failed in...
  • f Bain Capital Is So Evil Why Did Obama and All These Democrats Take Their Donations?

    07/18/2012 1:19:48 PM PDT · by DannyTN · 7 replies
    "The Lid" ^ | Tuesday, July 17, 2012 | "The Lid"
    If you believe the Democratic Party, Bain Capital is nothing but a bunch of vampire capitalists. They outsource jobs to other countries, close steel mills and take lollypops from little babies. According to Open Secrets, during the present election cycle these Democratic Party candidates took a total of $340,750 from Bain, its lobbyists and employees. Even the Obama re-election campaign took money from Bain Capital. So if the Democrats believe Bain is so evil, why are these candidates taking their money? Note: The Barack Obama contributions are not from open secrets but directly from the FEC here and here. Candidate...
  • Romney and Bain: Outsourcing Hysteria (Why doesn't Romney defend the industry that made him rich?)

    07/18/2012 10:42:48 AM PDT · by SeekAndFind · 8 replies
    National Review ^ | 07/18/2012 | Jonah Goldberg
    It was one of Barack Obama’s best lines — and best moments — in the 2008 presidential campaign. He had said we could save as much oil as we could get from domestic drilling if everybody properly maintained their cars and got their tires inflated. Now, that was hyperbole. But when conservatives, including his opponent, Senator John McCain, tried to turn tire gauges into a symbol of Obama’s pointy-headed liberalism (remember Dukakis and the endive!) and the sum total of his energy plan (if only!), Obama stood his ground. “It’s like these guys take pride in being ignorant.” The line...
  • Oops! Obama’s Top Bundler Jonathan Lavine Was In Charge of Bain During GST Steel Layoffs

    07/18/2012 8:00:04 AM PDT · by RummyChick · 70 replies
    gateway pundit ^ | 7/18 | jim hoft
    The Obama campaign blamed Governor Mitt Romney for the demise of GST Steel company in a video they released in May. The plant closed in 2001. Mitt left Bain in 1999. Posted by Jim Hoft on Wednesday, July 18, 2012, 5:43 AM Obama and top campaign bundler Jonathan Lavine from Bain Capital. The Obama campaign blamed Governor Mitt Romney for the demise of GST Steel company in a video they released in May. The plant closed in 2001. Mitt left Bain in 1999. For some reason the Obama camp forgot to mention this… Obama’s top bundler Jonathan Lavine was in...
  • Top Ten Things Obama Has Not Released

    07/18/2012 9:08:01 AM PDT · by TurboZamboni · 9 replies
    breitbart ^ | 7-18-12 | joel pollak
    Here is a Breitbart News top ten list of things that Obama has refused to release (a complete list would fill volumes): 10. State senate papers. In the 2008 primary, Obama criticized Hillary Clinton for not releasing papers from her eight years time as First Lady–but failed to produce any papers from his eight years in Springfield. “They could have been thrown out,” he said. 9. Academic transcripts. His supposed academic brilliance was a major selling point, but Obama (by his own admission) was a mediocre student. His GPA at Occidental was a B-plus at best, and his entering class...
  • Staples vs. Solyndra (Bain vs Cronyism)

    07/18/2012 6:49:53 AM PDT · by SeekAndFind · 6 replies
    Can a President seeking re-election with a stagnant economy and high unemployment really be winning the jobs argument against a man who backed hundreds of thriving businesses? Can a President who sank taxpayer dollars into green-energy failures now succeed by attacking an opponent who funded winning start-ups with his own money? Yes, President Obama's attacks on Mitt Romney and the company he founded, Bain Capital, are deceptive and hypocritical. But Team Romney is compounding the damage from this character assault by conceding too much of the Obama critique. When attacked for "outsourcing jobs," the Romney camp responds by saying that...
  • Romney Doesn't Have a "Bain Problem," But the Media Invented One

    07/17/2012 4:45:22 PM PDT · by Kaslin · 9 replies
    Rush Limbaugh.com ^ | July 17, 2012 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Let me see if I understand this. On the one hand, we have over here "Barack Hussein Obama! Mmm! Mmm! Mmm!" who has (with the help of his party, the Democrat Party) unleashed untold damage on America, particularly the private sector economy. We have somebody who's created a new entitlement, which is going to fundamentally forever change the relationship between citizen and government in a way never contemplated by the Founding Fathers of our country. We have rampant unemployment, underemployment -- more part-time and temporary workers getting jobs than are getting full-time jobs. We have no end...
  • Offshoring Is Fine (There's nothing wrong with Bain's record and Mitt should defend it)

    07/17/2012 9:45:46 AM PDT · by SeekAndFind · 7 replies
    Slate ^ | 07/17/2012 | By Matthew Yglesias
    Mitt Romney’s presidential campaign spent the weekend mired in a tortured dispute over a seemingly absurd question: When is the CEO and sole shareholder of a company he founded not responsible for the actions of the company? The Romney camp’s answer is that it’s unfair to criticize him for offshoring, outsourcing, and layoffs at Bain-controlled companies between 1999 and 2002 because in practice he was on a leave of absence running the Salt Lake Olympics. Senior adviser Ed Gillespie, speaking on CNN’s State of the Union on Sunday, explained that when Romney was elected governor of Massachusetts in November 2002,...
  • The Incredible Bain Jobs Machine

    07/17/2012 6:58:32 AM PDT · by SeekAndFind
    Wall Street Journal ^ | 07/17/2012 | Andy Kessler
    Did Mitt Romney and Bain Capital help office-supply retailer Staples create 88,000 jobs? 43,000? 252? Actually, Staples probably destroyed 100,000 jobs while creating millions of new ones. Since 1986, Staples has opened 2,000 stores, eliminating the jobs of distributors and brokers who charged nasty markups for paper and office supplies. But it enabled hundreds of thousands of small (and not so small) businesses to stock themselves cheaply and conveniently and expand their operations. It's the same story elsewhere. Apple employs just 47,000 people, and Google under 25,000. Like Staples, they have destroyed many old jobs, like making paper maps and...
  • Does It Matter When Mitt Romney Left Bain?

    07/17/2012 6:43:05 AM PDT · by SeekAndFind · 19 replies
    Reason ^ | 07/17/2012 | Peter Suderman
    The best evidence right now suggests that GOP presidential nominee Mitt Romney took a leave of absence from Bain Capital in February of 1999 to help run the Salt Lake City Olympics in Utah. During his leave of absence, Romney continued to sign documents submitted by Bain to the Securities and Exchange Commission, listed himself as the Chief Executive Officer of the company in some of those SEC filings, and reportedly took a $100,000 annual salary. ThereÂ’s no evidence that Romney was involved in BainÂ’s day-to-day operations, but he attended board meetings for companies affiliated with Bain, and a...
  • NY Times: 'No Evidence' Romney Did Bain Business after 1999

    07/16/2012 6:13:53 PM PDT · by SeekAndFind · 61 replies
    NewsMax ^ | 07/16/2012 | Patrick Hobin
    There is no evidence that Mitt Romney exercised his powers at private equity firm Bain Capital after 1999 or directed funds’ investments after leaving, The New York Times reported. Although some documents place the Republican presidential hopeful in charge of Bain from 1999 to 2001, a period in which the company outsourced jobs and ran companies that fell into bankruptcy, it is not related to who was running Bain at the time, the Times reported. Romney has tried to distance himself from this period in Bain's history, saying on financial disclosure forms he had no active role in Bain as...
  • Democrats Revive Attack That Romney Misstated Role at Bain (Still imply that Mitt is a felon)

    07/16/2012 5:42:05 PM PDT · by SeekAndFind · 19 replies
    ABC News ^ | 07/16/2012 | By MATT NEGRIN
    Democrats reupped their main point of attack against Mitt Romney today, suggesting once again that the Republican candidate might have committed a felony as the GOP camp refused to play ball. Last week, Romney demanded in five interviews with the main TV networks that President Obama apologize for his campaign's implication that Romney broke the law by misstating his role at Bain Capital on documents filed with the Securities and Exchange Commission. Obama said he would not be apologizing. The chairwoman of the Democratic National Committee, Debbie Wasserman Schultz, revived the accusation on MSNBC today. Democrats have been helped by...
  • Obama: Can I have more Bain cash?

    07/16/2012 3:37:39 PM PDT · by Starman417 · 1 replies
    Flopping Aces ^ | 07-16-12 | DrJohn
    For a guy who spends so much time badmouthing Bain, Obama sure loves him their outsourcing money. Jonathan Lavine is a major Obama bundler. He is Bain, and he worked at Bain when all the alleged "outsourcing" and layoffs were taking place. As noted at NRO, left wing whackos are holding Lavine responsible for what happened at Bain when Lavine was at Bain but they are holding Romney responsible for what happened when Romney was not running Bain. Obama appointed Jeff Zients to be Deputy Director of OMB. He is a Bain alumnus. Obama has no problem taking cash from...