Keyword: baincapital

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  • David Brat: The Paul Ryan Puerto Rico Rescue Bill “Turns People Into Subjects”…

    06/10/2016 2:04:44 PM PDT · by dontreadthis · 32 replies
    The Last Refuge ^ | June 10, 2016 | sundance
    Yesterday House Speaker Paul Ryan pushed through a Puerto Rico Rescue bill called PROMESA. The details of the bill are fundamentally challenging to understand in scope, however, the key aspect to remember is the underlying benefactor(s) – Wall Street. While Ryan is severely adverse to PROMESA being called a bailout, that’s exactly what it is – only worse. The plan structurally changes the dynamics of how State debt is repaid, and the considerations for bondholders under the 5th amendment (seizure of private property w/out compensation); which will lead to a guaranteed bondholder bailout. However, beyond the ‘bailout’ aspect there is...
  • Romney’s Bain Capital record shows mixed record on bankruptcies (Romney Bankruptcies Flashback 2011)

    03/03/2016 7:09:15 AM PST · by jimbo123 · 17 replies
    Washington Post ^ | 12/14/2011 | Jia Lynn Yang
    With Newt Gingrich accusing Mitt Romney this week of “bankrupting companies” during his time at Bain Capital, Romney’s wildly lucrative business career continues to draw fire from opponents who seek to paint him as a heartless financier. So did Romney wreck companies as Gingrich says he did? Under Romney’s leadership at Bain, which spanned from 1984 to 1990 and from 1992 to 1999, at least five companies eventually filed for bankruptcy after being acquired by the private equity firm.
  • Teamsters endorses Obama over 'vulture capitalist' Romney

    05/07/2012 12:17:02 PM PDT · by ColdOne · 26 replies
    Politico ^ | 5/7/12 | BYRON TAU
    The International Brotherhood of Teamsters endorsed President Obama Monday, calling his likely Republican opponent Mitt Romney a "vulture capitalist" whose election would amount to a "fox guarding the henhouse." "He represents everything that is wrong with our financial system. He made his money as CEO of Bain Capital by destroying U.S. businesses, sending good-paying American jobs overseas and filling his pockets with millions while putting workers out on the street," Teamsters President Jimmy Hoffa said in a release. The organization's endorsement comes with a promise to put "boots on the ground" in all fifty states. "Working families know who is...
  • Patrick comes full circle on Romney's Bain Capital

    04/21/2015 7:36:04 AM PDT · by luke1825 · 5 replies
    lowell sun ^ | 4/21 | peter lucas
    It came as no real surprise that former Gov. Deval Patrick ended up working for a major investment firm. Patrick all along made no secret that he needed to make some money after he left the governor's office following two four-year terms. The only surprise came when it was announced that the investment firm was Bain Capital, the giant investment company that former Republican Gov. Mitt Romney helped start, and that ended up making Romney a millionaire many times ove -romneys-bain-capital#ixzz3XxFmsJIp
  • Stopping veteran Dem retirements is top priority for Reid, Schumer

    11/25/2012 4:19:59 AM PST · by Libloather · 22 replies
    The Hill ^ | 11/25/12 | Alexander Bolton
    Stopping veteran Dem retirements is top priority for Reid, SchumerBy Alexander Bolton - 11/25/12 06:00 AM ET One of the highest immediate political priorities for Senate Majority Leader Harry Reid (D-Nev.) and Senate Democratic political guru Charles Schumer (N.Y.) is to persuade veteran colleagues not to retire in 2014. Democratic sources identify four senators as most likely to retire: Sens. Jay Rockefeller (D-W.Va.), Tim Johnson (D-S.D.), Frank Lautenberg (D-N.J.) and Tom Harkin (D-Iowa). Another possible veteran retirement is Senate Armed Services Committee Chairman Carl Levin (D-Mich.), who has yet to announce his decision. But Democratic aides expect him to run...
  • 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...
  • Do Democrats Own The Terms 'Racism" and "Lying"? (Yes They Do)

    10/01/2012 4:44:40 AM PDT · by Kaslin · 4 replies ^ | October 1, 2012 | Lurita Doan
    Democrats have run a number on Republicans. They have skillfully captured certain words in the American lexicon and redefined them, applying Democrat-themed meanings for the specific purpose of cowing Republicans into silence and submission. I have watched the escalation of this vocabulary abuse for almost a decade, and I am sorry to say, this particular Democrat scheme is working. Republicans seem afraid to speak the unvarnished truth about Democrat party leaders for fear of reprisals in the mainstream media, an organization that has repeatedly proved that it is indisputably in the tank for Barack Obama. What are Republicans afraid to...
  • One reason not to vote for President Barack Obama

    09/09/2012 10:04:54 PM PDT · by Chuckmorse · 17 replies
    Chuck Morse Speaks ^ | September 9, 2012 | Chuck Morse
    Barack Obama has not been a bad president. He deserves credit for saving General Motors and for killing bin Laden as was noted at the Democratic National Convention. But there is one reason why Barack Obama should not be re-elected and that is because of his attack on Mitt Romney for being rich. The tone of this attack by Obama and by his many surrogates and followers is an attack on everything America stands for. Firstly, and from a practical standpoint, Americans should celebrate Mitt Romney's success because it means success for others as Mitt Romney's success contributed to the...
  • 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...
  • Greed and Debt: The True Story of Mitt Romney and Bain Capital

    08/30/2012 7:52:49 AM PDT · by NetLiberty · 30 replies
    Rolling Stone ^ | August 29, 2012 | Matt Taibbi
    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. His legendary flip-flops aren't the lies of a bumbling opportunist – they're the confident prevarications of a man untroubled by misleading the nonbeliever in...
  • 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,...
  • Obama's Flailing Goal

    08/13/2012 4:21:17 AM PDT · by Kaslin · 4 replies ^ | August 13, 2012 | Salena Zito
    Barack Obama does not want this election to be about Barack Obama. If it is a referendum on him, Obama knows that he loses. Instead, he needs to make it a “choice” election between him, the guy who will take the country forward, and Mitt Romney, the businessman who will leave the poor behind. That’s why Obama and his team are waging a brutal character war against Romney. So far, they have suggested Romney committed at least one felony, evaded income taxes for years and single-handedly caused a woman’s death through a layoff ordered by Romney’s venture-capital firm. The blatantly...
  • Obama Super PAC Effectively Accuses Romney of Killing Woman

    08/07/2012 1:39:37 PM PDT · by RealTeen · 20 replies ^ | 8/7/2012 | Justin Higgins
    If you expected this election cycle to be tame, even for a little while longer, you were wrong. Priorities USA, the pro-Obama Super PAC which has the blessing of the President, is run by close confidantes of the President and is even going to receive fundraising help from Bill Clinton, is now running ad effectively accusing Romney of murder. The claim stems from a man losing his health insurance because a company Romney and Bain Capital tried to save eventually went under. The ad: [Ad at Link] The ad centers around the story of Joe and Ranae Soptic of Kansas...
  • Anyone seen this 'news'item before?

    07/31/2012 7:34:53 AM PDT · by Fedupwithit · 10 replies
    Me | 7/31/2012 | Fedupwithit
    Anyone else ever see this pop-up from the Obama campaign masquerading as news? The item is in the lower part of my screenshot.This guy is an absolute scumbag, and it looks like Google is helping him publish his breaking 'news' stories..
  • Burning Bridges (Oliver North)

    07/26/2012 7:30:07 PM PDT · by jazusamo · 14 replies
    Creators Syndicate ^ | July 27, 2012 | Oliver North
    GEORGETOWN, S.C. — When Alexander the Great died at the age of 32 in 323 B.C., his once unbeatable army began a 2,900-mile withdrawal from India and headed home to Macedonia. As they retreated, the empire they had created collapsed behind them. To prevent pursuit, Alexander's royal cavalry and infantry dealt viciously with all internal dissent, destroyed cities and burned bridges. The Russians employed a similar scorched-earth tactic against Napoleon in 1812, as did the Red Army when Nazi Germany invaded the Soviet Union in 1941. It's a maneuver now being employed both domestically and internationally by Barack Obama. 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 ^ | 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...
  • Obama Campaign Bundler Works at Bain, Had Role in Layoffs

    07/19/2012 3:22:42 PM PDT · by justiceseeker93 · 9 replies
    Conservative Daily ^ | 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...
  • 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...
  • Laid Off Steelworker in Anti-Romney Ad Says He Is Not Voting for Obama

    07/17/2012 10:15:30 AM PDT · by kristinn · 11 replies
    In These Times ^ | Tuesday, July 17, 2012 | Mike Elk
    “We didn't know who the hell Mitt Romney was when all that stuff started," says former GS Technologies steelworker Donnie Box of Kansas City, Missouri. "It wasn't until later we found out who Romney was. We just knew he was just another guy with money. It wasn't until his boys came and started gutting the place that we found out he was an xxxxxxx.” The media has lavished much attention lately on whether Republican presidential candidate Mitt Romney was in charge of Bain Capital from 1999 to 2002, largely because Bain closed the steel plant where Donnie Box worked in...
  • 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...
  • Is Mitt Romney...Batman?

    07/17/2012 5:53:01 AM PDT · by SincerelyAmanda · 20 replies
    The Washington Times Communities ^ | July 16, 2012 | Amanda Read
    In Batman, the good guy and the rich guy are one and the same.
  • Obama’s Outsourcing of Jobs, Foreign Policy and Debt

    07/16/2012 11:11:42 AM PDT · by Kaslin · 4 replies ^ | July 16, 2012 | Brian Darling
    The left continues to pile on Mitt Romney for allegedly outsourcing jobs while at Bain Capital. Yet the mainstream media seem curiously uninterested in reporting on “outsourcing” by the Obama Administration, which has (1) outsourced stimulus monies to create jobs in foreign nations, (2) outsourced U.S. foreign policy to U.N. and (3) outsourced our kids and grandkids financial future to pay for his unprecedented spending binge. The Obama Stimulus has turned out to be an exercise in Venture Socialism . Unlike Venture Capitalism, in which investors risk their own capital to help companies launch and grown, Venture Socialism is when...
  • A Modest Proposal To Resolve Romney's Trumped Up Felony Charges

    07/13/2012 10:30:53 AM PDT · by The Looking Spoon · 7 replies
    The Looking Spoon ^ | 7-13-12 | The Looking Spoon
    Now they're trying to say that Romney lied to the SEC (a felony) about when he left Bain. This has been pretty well dispensed with as false (here and here), but this isn't stopping liberals, or the Obama campaign, from calling him a liar and criminal.If they persist with this it's going to turn into a birther type problem for them, but with less substance.I know how we can resolve this...
  • Romney Led Bain's Investment in Firm That Disposed of Aborted Fetuses

    07/02/2012 10:59:19 AM PDT · by van_erwin · 165 replies
    The Atlantic Wire ^ | July 2, 2012 | Elspeth Reeve
    David Corn has a report out this morning that pushes the continuing attacks on Mitt Romney's tenure at Bain Capital forward not just because of the business it involves — disposing of aborted fetuses — but because it extends the length of time he worked at Bain. According to Securities and Exchange Commission documents, Romney was involved in Bain's investment in a company called Stericycle in late 1999. What did Stericycle do? Well, it was a fast-growing, profitable medical waste company. But it also had some problems, such as getting fined for keeping body parts and dead animals in unmarked...
  • Obama Does Not Know What ‘Outsourcing’ Means

    06/27/2012 6:25:56 AM PDT · by SeekAndFind · 18 replies
    National Review ^ | 06/27/2012 | Kevin D. Williamson
    Could somebody please get Barack Obama to shut up about “outsourcing” until some undergraduate aide has explained to him what the word means? As it stands, the president is showing himself an ignorant rube on the subject, and that is to nobody’s advantage. The Obama campaign, as you probably know, has been running ads denouncing Mitt Romney’s role at Bain Capital, in which Romney made various business deals that had the effect of making a whole lot of money for Bain’s customers while also allowing a lot of dirty foreigners to eat, and God knows the world would be better...
  • Obama’s Third-Party History

    06/07/2012 6:42:04 AM PDT · by Servant of the Cross · 10 replies
    National Review ^ | 6/7/2012 | Stanley Kurtz
    New documents shed new light on his ties to a leftist party in the 1990s. On the evening of January 11, 1996, while Mitt Romney was in the final years of his run as the head of Bain Capital, Barack Obama formally joined the New Party, which was deeply hostile to the mainstream of the Democratic party and even to American capitalism. In 2008, candidate Obama deceived the American public about his potentially damaging tie to this third party. The issue remains as fresh as today’s headlines, as Romney argues that Obama is trying to move the United States toward...
  • White House: Cory Booker is “dead to us” (Newark Mayor in the dog house for speaking his mind)

    06/08/2012 10:13:15 AM PDT · by SeekAndFind · 7 replies
    Hotair ^ | 06/08/2012 | Erika Johnsen
    When the Obama campaign sent popular, telegenic, man-of-action Newark Mayor Cory Booker out to do a little surrogate-advocacy on their behalf last month, something happened that the Democrats certainly did not intend: Cory Booker made a very public display of intellectual integrity (I know, I know ... a rare beast in politics, but it can happen). On "Meet the Press", Booker said that Team Obama's attacks on Mitt Romney's record at private-equity firm Bain Capital and other such petty campaign tactics were "nauseating" and made him "very uncomfortable." And it felt so good.But the Democrats didn't take kindly to Booker...
  • Left pushes for $10 minimum wage, but House Democratic leadership balks

    06/07/2012 6:42:21 PM PDT · by jazusamo · 28 replies
    The Hill ^ | June 7, 2012 | Mike Lillis
    The House Democrats pushing for a steep hike in the minimum wage could face an unlikely foe: their own leadership. Behind Rep. Jesse Jackson Jr. (Ill.), almost two dozen liberal Democrats endorsed legislation this week to raise the federal minimum wage immediately from $7.25 to $10 per hour, the first such increase in three years. The lawmakers think they’ve found a winning issue in an election cycle that’s featured the rise of the Occupy movement, criticism of Mitt Romney’s path to wealth and a class-centered fight over the Bush-era tax rates. But no Democratic leaders have endorsed the measure, and...
  • Paul Krugman: 'It's Terribly Unfair Obama's Being Judged on the Failure of the Economy'

    06/03/2012 1:23:37 PM PDT · by Sub-Driver · 44 replies
    Paul Krugman: 'It's Terribly Unfair Obama's Being Judged on the Failure of the Economy' By Noel Sheppard Created 06/03/2012 - 3:22pm Readers are strongly advised to remove food, fluids, and flammables from proximity to their computers prior to reading any further. You've been warned! New York Times columnist Paul Krugman said on ABC's This Week Sunday, "It's terribly unfair that [President Obama is] being judged on the failure of the economy to respond to policies that had been largely dictated by a hostile Congress" (video follows with transcript and commentary): PAUL KRUGMAN, NEW YORK TIMES: Can I just -- these...
  • Bill Clinton hands Mitt Romney the Presidency

    06/03/2012 1:10:08 PM PDT · by Starman417 · 9 replies
    Flopping Aces ^ | 06-02-12 | DrJohn
    With friends like this.... If he could somehow get hold of his hair, Barack Obama would surely be pulling it out right now. Obama has made it clear that the direction for his re-election campaign is to attack Mitt Romney on Bain. Obama camp doubles down on Bain attacks (CBS News) Attempting to drive home the message that Mitt Romney is a corporate executive concerned with the bottom line and not American jobs, the Obama campaign released a new video on Monday attacking Romney and Bain Capital for laying off workers at an Indiana office supply factory. It's a loser....
  • Romney's Bain Capital Vs. Obama's Solyndra: Game On

    06/03/2012 1:25:37 PM PDT · by raptor22 · 1 replies
    IBD editorials ^ | June 3, 2012
    Industrial Policy: At the NATO Summit, President Obama said his opponent's private equity success vs. the administration's failed industrial policy was what this election was all about. Speaking at the bankrupt Solyndra headquarters, his GOP opponent agreed. It is said a picture is worth a thousand words. The photo of Mitt Romney holding a surprise press conference in front of the headquarters of the bankrupt solar energy firm Solyndra poster may just be worth a good portion of the 270 electoral votes needed for victory in November. "Two years ago President Obama was here to tout this building and this...
  • Friday Afternoon Roundup - The Dead Baby Media

    06/02/2012 4:50:11 AM PDT · by expat1000 · 4 replies
    Sultan Knish ^ | Friday, June 01, 2012 | Daniel Greenfield
    THE DEAD BABY MEDIA If the text on that one is too small for you, it's a CNN piece headlined, "Why the Syrian regime is killing babies." There's not much to add to that. The Syrian regime may be killing babies, but CNN killed journalism. With some help from the New York Times, the Washington Post and the BBC. Anyone who has spent time in the Middle East knows quite well that parading around dead bodies is part of the Muslim ceremony of rallying for the next attack. These aren't funerals, these are corpse parades and the corpses are often...
  • Bill Clinton: Praising Romney's business record doesn't connote endorsement

    06/01/2012 4:54:56 PM PDT · by Sub-Driver · 16 replies
    Bill Clinton: Praising Romney's business record doesn't connote endorsement By Rodney Hawkins (CBS News) PATERSON, N.J. - Former President Bill Clinton, seeking to contain the political damage from his earlier praise of Mitt Romney's "sterling" business background, said on Friday that his remarks shouldn't be construed as an endorsement. Appearing on CNN on Thursday, Clinton said of Romney: "A man who's been governor and had a sterling business career crosses the qualification threshold." Conservatives such as Rush Limbaugh crowed that the former president had "basically endorsed" the presumptive GOP nominee. But at a rally in Paterson to support Rep. Bill...
  • Clinton sticks another fork in Obama’s Bain strategy, says Romney had ‘sterling’ business career

    06/01/2012 5:03:56 PM PDT · by 2ndDivisionVet · 7 replies
    The Washington Post's The Fix ^ | June 1, 2012 | Aaron Blake
    The shelf life of President Obama’s Bain Capital strategy appears to be rapidly shrinking. Less than two weeks after Newark Mayor Cory Booker caused the Obama campaign plenty of heartburn by calling on it to “stop attacking private equity ,” the biggest name in Democratic politics (outside of Obama) has lodged his own torpedo. Bill Clinton, in an appearance on CNN last night, said that Mitt Romney has a “sterling business career” and that the campaign shouldn’t be about what kind of work Romney did. (VIDEO AT LINK) “I don’t think we ought to get into the position where we...
  • Bill Clinton criticizes Obama’s Bain attacks, praises Romney’s ‘sterling business career’

    06/01/2012 8:39:50 AM PDT · by Justaham · 10 replies ^ | 6/1/12 | Holly Bailey
    Former President Bill Clinton suggested in a television interview Thursday that he believes President Obama's re-election campaign should stop trashing Mitt Romney's work in the private equity industry. In an interview with CNN's "Piers Morgan Tonight," Clinton, a top Obama surrogate who is set to raise cash with the president next week, directly contradicted Democrats who have attacked Romney's business record, suggesting it does qualify him for president. "I think he had a good business career," Clinton told guest host Harvey Weinstein, a movie mogul who is one of Obama's top fundraisers. "There's no question that in terms of getting...
  • Super-PAC ads look to tie Obama to Wall Street and turn off his supporters

    05/28/2012 1:42:15 AM PDT · by neverdem · 3 replies
    The Hill ^ | 05/26/12 | Niall Stanage
    Conservative super-PACs are attempting to gin up disillusionment among President Obama's supporters and keep their turnout low in November's election, in part by highlighting his ties to Wall Street.Within the past month, three separate ads — two from the American Future Fund and one from Crossroads GPS — have assailed Obama from broadly comparable perspectives. Especially striking are the American Future Fund ads which make the kind of anti-Wall Street argument heard largely on the left. The outside groups' message contrasts with the one being pushed by Mitt Romney, the Republican candidate, who has called the Obama's "the most anti-business...
  • Obama's Bain Attacks Could Backfire

    05/28/2012 4:02:13 AM PDT · by Kaslin · 15 replies ^ | May 28, 2012 | Michael Barone
    The ham-handed Barack Obama campaign attack ads on Mitt Romney's former firm Bain Capital have drawn a lot of ire from other Democrats. And not just because they were sloppily fact-checked (the ads hit Romney for layoffs long after he left Bain) and because a leading Obama money bundler is a Bain executive himself. Chiming in with various degrees of disapproval were Newark, N.J., Mayor Cory Booker ("nauseating"), former Rep. Harold Ford, Obama car czar Steven Rattner, Sen. Mark Warner and former Pennsylvania Gov. Ed Rendell. There are other signs of unease among Democratic elites. Obama contributions from Silicon Valley...
  • Obama Donor Tied to Bain Layoffs

    05/28/2012 4:07:45 AM PDT · by tobyhill · 6 replies
    abc ^ | 5/22/2012 | By Jonathan Karl
    The Obama campaign’s latest attack tells the story of workers at an Indiana office supply company who lost their jobs after a Bain-owned company named American Pad & Paper (Ampad) took over their company and drove it out of business. Here’s what the Obama Web video doesn’t mention: A top Obama donor and fundraiser had a much more direct tie to the controversy and actually served on the board of directors at Richardson, Texas-based Ampad, which makes office paper products. Jonathan Lavine is a long-time Bain Capital executive and co-owner of the Boston Celtics. He is also one of President...
  • President Obama Won’t Be Returning His Donations From Bain Capital

    05/25/2012 10:44:06 AM PDT · by Mich1193 · 8 replies
    Politicker Blog ^ | May 24, 2012 | Hunter Walker
    Though the Obama campaign has repeatedly attacked Mitt Romney for his career at Bain Capital, President Obama still accepted $7,500 in campaign contributions from three Bain executives. His campaign press secretary, Ben LaBolt told The Politicker the president has no intention of giving the money back. “No one aside from Mitt Romney is running for President highlighting their tenure as a corporate buyout specialist as one of job creation, when in fact, his goal was profit maximization,” said Mr. LaBolt. ”The President has support from business leaders across industries who have seen him pull the economy back from the brink...
  • Bad news: Obama campaign starting to think they might lose

    05/24/2012 6:18:45 PM PDT · by RobinMasters · 61 replies
    Hot Air ^ | MAY 25, 2012 | ALLAHPUNDIT
    It’s amazing what a few competitive polls can do to concentrate the mind. Democrats had taken comfort for months in the Republican Party’s seeming inability to get behind Mitt Romney, Obama’s healthy lead in the polls, and equally healthy job growth. And for a few, fleeting, moments, Democrats thought the election might just be easy. But Republican division appears to have been merely an artifact of primary politics, and Mitt Romney has proved a consistent, if unglamorous campaigner… “There was this sense maybe a month or two ago that Obama was really riding high — that he had gotten his...
  • President Obama Won’t Be Returning His Donations From Bain Capital

    05/24/2012 6:21:21 PM PDT · by Free ThinkerNY · 7 replies ^ | May 24, 2012 | Hunter Walker
    Though the Obama campaign has repeatedly attacked Mitt Romney for his career at Bain Capital, President Obama still accepted $7,500 in campaign contributions from three Bain executives. His campaign press secretary, Ben LaBolt told The Politicker the president has no intention of giving the money back. “No one aside from Mitt Romney is running for President highlighting their tenure as a corporate buyout specialist as one of job creation, when in fact, his goal was profit maximization,” said Mr. LaBolt. ”The President has support from business leaders across industries who have seen him pull the economy back from the brink...
  • CBS: The Bain attacks aren’t damaging Romney

    05/24/2012 8:06:40 AM PDT · by Kaslin · 10 replies
    Hot ^ | May 24, 2012 | Ed Morrissey
    Barack Obama’s campaign had planned all the way back to September to attack Mitt Romney for his wealth. The “Buffett Rule” and constant references to income inequality were more than just a dogwhistle for Occupiers to launch their protests last fall. It was a strategy to shape the battlefield for a political attack that Team O rolled out explicitly at the beginning of last week. After that much of a windup, the pitch had to be a blazing fastball over the plate … right? According to CBS News, wrong: President Obama is losing ground in the latest polls to Republican...
  • Sharpton: Romney Rejection Of Bain-Bashing = Birtherism

    05/23/2012 7:44:31 PM PDT · by governsleastgovernsbest · 15 replies
    NewsBusters ^ | Mark Finkelstein
    Why not just call Romney racist? In the most tortured twist of logic this blogger has seen so far during this campaign, Al Sharpton somehow managed to equate Mitt Romney's refusal to roll over and accept Barack Obama's attacks on Bain Capital with, yes, birtherism. I know what you're thinking: what the . . . heck? Don't ask me to explain how or why Sharpton came to his nonsensical suggestion. Just sit back and watch the Reverend Al at work. It was too much even for liberal Washington Post columnist Dana Milbank. View the video here.
  • Obama can’t turn “Bain” into “Halliburton” because even Democrats don’t believe it

    05/23/2012 8:38:06 AM PDT · by jmaroneps37 · 6 replies ^ | May 23, 2012 | Derrick Hollenbeck
    Democrats know their supporters are generally not very smart. They know that to get their base to remember and understand a point they have to reduce it to a “four legs: good, two legs: bad” mantra. In recent years they have been very successful with this “reduce it to a bumper sticker” approach. By using Pavlovian conditioning they have trained their followers to foam at the mouth at the words “Gingrich” “DeLay” and “Halliburton.” Now they are trying to train their base to throw things at their TV sets when they hear the words “Bain Capital.” So far they have...
  • Poll: Obama 49 - Romney 46, But..

    05/22/2012 12:28:41 PM PDT · by Kaslin · 64 replies ^ | May 22, 2012 | Guy Benson
    Celebrate good times, liberals -- President Obama has again vaulted ahead of Mitt Romney in a national poll:   After months of aggressive campaigning on jobs and the economy, President Obama and Mitt Romney, his likely Republican challenger, are locked in a dead heat over who could fix the problem foremost on voters’ minds, according to a new Washington Post-ABC News poll. The parity on economic issues foreshadows what probably will continue to be a tough and negative campaign. Overall, voters would be split 49 percent for Obama and 46 percent for Romney if the November election were held now. On handling...
  • Did You Know That Obama’s Blackstone Backers Laid Off Over 800 People? Beck Explains

    05/22/2012 8:45:07 PM PDT · by Nachum · 4 replies
    The Blaze ^ | 5/22/12 | Glenn Beck
    Ironically, despite making Mitt Romney’s former company Bain Capital and other private equity firms the target of its latest attack, the Obama campaign held a near-$36,000 per plate fundraising dinner at the home of Tony James, president of the nation’s largest private equity firm, Blackstone Group. Citing the president’s latest Romney-hit-piece, Glenn Beck blasted the hypocrisy shown by the president when it comes to private equity firms. Obama’s condemnation of private equity hinges on the familiar narrative that the industry is renown for commandeering companies and slashing jobs, leaving untold numbers jobless — which is why it is doubly ironic...
  • Video: Bain’s not a bad company, says … Deval Patrick?

    05/22/2012 6:19:51 PM PDT · by RobinMasters · 2 replies
    Hot Air ^ | MAY 21, 2012 | ALLAHPUNDIT
    The problem isn’t with private equity or, er, “raping” companies, he says, it’s simply a matter of challenging Romney’s claim of being a job creator. Which, of course, is a lie: Go back and watch Obama’s brutal ad about GST Steel, replete with a worker comparing Romney and Bain to a “vampire.” It’s an attack on Romney’s character, not his job-creating prowess, which is in keeping with the whole tenor of the battle over Bain. Ostensibly it’s an argument over employment numbers but in reality each side wants something deeper out of it. Romney wants voters to come away thinking...
  • Shielding the Rev. Jeremiah Wright - and Obama

    05/22/2012 7:43:14 PM PDT · by tselatysr · 6 replies
    Tea Party Tribune ^ | 2012-05-21 23:20:08 | mrcurmudgeon
    "I'm a surrogate for the Obama campaign," said Newark Mayor Cory Booker during an appearance on NBC's Meet the Press, "I'm not about to sit here and indict private equity ... I live in a state where pension funds, unions and other people are investing in companies like Bain Capital. If you look at the totality of the record of Bain Capital, they've done a lot to support businesses, to grow businesses."Many a conservative commentator seized on Mayor Booker's pronouncement as a sign of weakness - that some within Obama's camp see the discussion of economic matters as a losing...