Posted on 01/12/2012 2:00:36 AM PST by Cincinatus' Wife
Former Republican vice-presidential candidate Sarah Palin has called for Gov. Mitt Romney to release his tax returns, as well as the data that could substantiate his claim of having created 100,000 jobs as CEO of Bain Capital.
Romney has resisted releasing his tax returns, and his campaign has thus far refused to provide the hard proof to back up his claims about Bain.
“Governor Romney has claimed to have created 100,000 jobs at Bain, and people are wanting to know: is there proof?” Palin told Sean Hannity on Fox News.
Rick Tyler, former Gingrich aide and head of Newt Gingrich’s Super PAC, has already accused Romney of having created those 100,000 jobs in Asia and Mexico. Earlier this week, Big Government pointed out that Romney’s claim to have created 100,000 jobs contrasts with claims he made during his 1994 U.S. Senate campaign, when he claimed to have created 10,000 jobs at Bain. Romney retired from Bain Capital in 1999.
Palin said that Romney needed to come clean about his record, given the likelihood that Democrats would probe the tax issue and Romney’s tenure at Bain if he were to become the Republican nominee.
The former Alaska governor also told Hannity that she did not think it was inevitable that Romney would become the Republican nominee.
“The majority has not yet coalesced around one,” she said, adding that conservatives were still searching for the right “free market, pro-military” candidate to back.
Well he'd better change his opinion based on something. He sounded pretty foolish yesterday nailing Perry and Newt for their "attack on capitalism" and then, during the break one of the Super PACs put on the commercial about Romney's company taking bailout money, enriching themselvs, and then leaving the taxpayers holding the bag. Doesn't he even bother to listen to the ads that are on during his program?
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Why are you only concerned about his?
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Into the fray?
She's doing what she always does.....hitting from the safety of the sidelines...and getting paid for it...she has no skin in the game...she is no more "in the fray" than you are or I am.
In 1992, Bain Capital acquired American Pad & Paper, or Ampad, from Mead Corp., embarking on a ‘’roll-up strategy’’ in which a firm buys up similar companies in the same industry in order to expand revenues and cut costs.
Through Ampad, Bain bought several other office supply makers, borrowing heavily each time. By 1999, Ampad’s debt reached nearly $400 million, up from $11 million in 1993, according to government filings.
Sales grew, too - for a while. But by the late 1990s, foreign competition and increased buying power by superstores like Bain-funded Staples sliced Ampad’s revenues.
The result: Ampad couldn't pay its debts and plunged into bankruptcy. Workers lost jobs and stockholders were left with worthless shares.
Bain Capital, however, made money - and lots of it. The firm put just $5 million into the deal, but realized big returns in short order. In 1995, several months after shuttering a plant in Indiana and firing roughly 200 workers, Bain Capital borrowed more money to have Ampad buy yet another company, and pay Bain and its investors more than $60 million - in addition to fees for arranging the deal.
Bain Capital took millions more out of Ampad by charging it $2 million a year in management fees, plus additional fees for each Ampad acquisition. In 1995 alone, Ampad paid Bain at least $7 million. The next year, when Ampad began selling shares on public stock exchanges, Bain Capital grabbed another $2 million fee for arranging the initial public offering - on top of the $45 million to $50 million Bain reaped by selling some of its shares.
Bain Capital didn't escape Ampad’s eventual bankruptcy unscathed. It held about one-third of Ampad’s shares, which became worthless. But while as many as 185 workers near Buffalo lost jobs in a 1999 plant closing, Bain Capital and its investors ultimately made more than $100 million on the deal.
She's not the only one, everyone is going to start dmending to see them. All the other candidates have revealed theirs. What does he have to hide?
Bain’s employees are all graduates of Harvard Business School. They would have jobs regardless.
A 3rd party run is in the air..who? i don’t know...3rd party option=obama for 4 more.
I will not support Romney at any place at any time.
I would need a candidate to support if Romney gets the nomination.
Not only that, I will work actively to defeat him for any conservative who runs against him.
Exactly! Sheesh. Have these people never played chess?
The only thing he could mean is the companies they invested in/bought created 100,000 jobs. Weren’t there over 100 companies? How much of a percentage increase above the previous employment? He very well cold be telling the truth, but it could be a meaningless statistic.
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Really? Perry, Santorum, Huntsman, Gingrich, Bachman, Paul and Cain publicized their tax returns?
When? Where?
(Romney spokesman) Fehrnstrom says the 100,000 figure stems from the growth in jobs from three companies that Romney helped to start or grow while at Bain Capital: Staples (a gain of 89,000 jobs), The Sports Authority (15,000 jobs), and Domino’s (7,900 jobs).
http://www.washingtonpost.com/blogs/fact-checker/post/romney-vs-obama-on-job-creation/2012/01/03/gIQA31g3YP_blog.html
The 100k figure ignores job LOSSES at other companies, so it is a meaningless half-truth.
Wrong about what? I said Rush signed a new contract with Premier Networks in 2008 (Premier is a subsidiary of Clear Channel, not "Clean Channel.")
So what?
Randi Rhodes and Dean Edell, both flaming anti-republican liberals are also contracted with Premier. If Bain is keeping Rush quiet, then why is Bain "letting" those moonbats scream?
Face it, Rush is looking out for himself as he always does and always should.
He can't afford to jump on or off a wagon at this point. Look at the egg on his face from taking Cain's ads and having to support him. Oh, gee. There again...why did Bain let Cain buy ads on "their" show.
Rush is in charge of Rush. Rush is bigger than Cain, Bain or Romney. If he endorses wrong, he won't get to vacation with the president.
Easy! If Mitt manages to win the nomination, that's what!
Rush will be banging the Romney drum daily for whoever wins the nom. Guar - ohn - teeed.
Rush is a businessman first. A rich playboy second. An idealogue third.
Doing well MK....busy running the kids everywhere all the time...
In my spare time, I take anger management deep breathing exercises due to watching too much FNC...F’nRomney News Channel.
How about you.
Have faith Nikos...Gingrich is surging in South Carolina and he’s just starting.
On to the South, away from the Fruitloops in NH.
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