“Seventeen years after his initial attempt at entry into politics was thwarted, Mitt Romney still doesn’t have a response to the issue which derailed him against Ted Kennedy.
If nominated, it’s more than reasonable to believe that he won’t have one in the fall. The Democrats will dust off the playbook from 17 years ago, update it for the additional examples, and pound Romney’s candidacy to a pulp.”
http://www.bizzyblog.com/2012/01/10/romney-and-bains-wreckage/
Anglian, that is such a great post.
It is worthy of being in everyone’s inbox.
Here’s the facts:
Romney won Iowa by 8 votes (if he won at all)
NH is one of his home states
Both states allow independent/rats crossover and vote
Both states will have delegates divided (No winner take all till later this spring)
AND YET
The MSM says Mitt has won.*
Fly over country gets screwed again.
From the link you posted...
Yet Geoffrey Rehnert, who helped start Bain Capital and is now co-CEO of the private equity firm The Audax Group, told me for my Penguin book, “The Buyout of America: How Private Equity Is Destroying Jobs and Killing the American Economy,” that Romney owned a controlling stake in Bain Capital between approximately 1992 and 2001. The firm under his watch took such risks, time and time again. …
* Bain in 1988 put $5 million down to buy Stage Stores, and in the mid-’90s took it public, collecting $100 million from stock offerings. Stage filed for bankruptcy in 2000.
* Bain in 1992 bought American Pad & Paper (AMPAD), investing $5 million, and collected $100 million from dividends. The business filed for bankruptcy in 2000.
* Bain in 1993 invested $60 million when buying GS Industries, and received $65 million from dividends. GS filed for bankruptcy in 2001.
* Bain in 1997 invested $46 million when buying Details, and made $93 million from stock offerings. The company filed for bankruptcy in 2003.
Romney’s Bain invested 22 percent of the money it raised from 1987-95 in these five businesses, making a $578 million profit.
… there’s little question he made a fortune from businesses he helped destroy.