Posted on 08/16/2012 8:56:18 AM PDT by EternalVigilance
Equal Protection for Posterity
Baldwin: “Disclose your tax returns and everything else about Stericycle.”
Bain investment “would make Herod blush”
TAMPA, FL (Thursday, August 16, 2012) – Republican spokesmen for a rising “DUMP ROMNEY” rebellion today charged that Mitt Romney is “hiding Bain abortion profits in his tax returns” from investments that “would make Herod blush.”
Steve Baldwin, former Republican Whip of the California State Assembly, said recent journalism about the actual date of Romney’s departure from Bain Capital “has almost certainly revealed the real reason Romney refuses to release any more than two years of personal IRS data: Bain’s craven investment in Stericycle corporation – a vendor to Planned Parenthood – lined Romney’s pockets with profits from the incineration of aborted human fetuses. Mitt, it’s time to disclose your tax returns and everything else about Stericycle.”
Baldwin, also former Executive Director of the Council for National Policy (CNP), an influential conservative organization in Washington, said, “Tampa’s GOP delegates will shame themselves if they don’t conscientiously abstain from Romney on the first ballot to derail the worst nominee in our party’s history. We’re convinced Mitt Romney is hiding Bain abortion profits in his tax returns.” Baldwin cited the following facts and sources to back up his charges:
· Despite claiming to have quit Bain in early 1999, Romney evidently controlled Stericycle via Bain for years thereafter: In July, The Boston Globe reported evidence that Romney maintained control of Bain and its investments for years after the date he claimed to have relinquished it. The Globe cited a June, 2012 federal filing by Romney’s campaign which said, “Since February 11, 1999, Mr. Romney has not had any active role with any Bain Capital entity and has not been involved in the operations of any Bain Capital entity in any way.’’ That, however, contradicted the findings of a July 2, 2012 Mother Jones investigation: “Citing SEC documents, the magazine said Romney had control of Bain Capital’s shares in Stericycle, a medical waste company, in November 1999. Talking Points Memo reported this week on additional SEC filings listing Romney’s position with Bain in July 2000 and February 2001.”
· Bain joined a $75 million investment in Stericycle: The Mother Jones story cited prior reporting by Huffington Post during the early 2012 presidential primaries to show that Romney “had been part of an investment group that invested $75 million in Stericycle, a medical-waste disposal firm that has been attacked by anti-abortion groups for disposing aborted fetuses collected from family planning clinics….But Bain Capital, the private equity firm Romney founded, tamped down the controversy. The company said Romney left the firm in February 1999 to run the troubled 2002 Winter Olympics in Salt Lake City and likely had nothing to do with the deal. The matter never became a campaign issue. But documents filed by Bain and Stericycle with the Securities and Exchange Commission—and obtained by Mother Jones—list Romney as an active participant in the investment. And this deal helped Stericycle, a company with a poor safety record, grow, while yielding tens of millions of dollars in profits for Romney and his partners. The documents—one of which was signed by Romney—also contradict the official account of Romney's exit from Bain.”
Stericycle was handling fetal remains years before Bain and Romney took control: Two days after the Mother Jones story (entitled “Romney Invested in Medical-Waste Firm That Disposed of Aborted Fetuses, Government Documents Show”), the pro-life website LifeNews.com oddly defended Romney by arguing that because a 2011-12 pro-life Campaign to Stop Stericycle documented no Stericycle waste disposal contracts with abortion clinics prior to 2003, Romney therefore could not have profited from Stericycle’s abortion-related activities. The Mother Jones story itself, however, cited public OSHA violations by Stericycle from 1991 – well before the Bain investment – which included improperly keeping “body parts, fetuses, and dead experimental animals in unmarked storage containers, placing workers at risk.”
· Romney personally signed for “voting and dispositive” control over Stericycle, the abortion disposal firm: According to the Mother Jones investigation,
Here's what happened with Stericycle. In November 1999, Bain Capital and Madison Dearborn Partners, a Chicago-based private equity firm, filed with the SEC a Schedule 13D, which lists owners of publicly traded companies, noting that they had jointly purchased $75 million worth of shares in Stericycle, a fast-growing player in the medical-waste industry. (That April, Stericycle had announced plans to buy the medical-waste businesses of Browning Ferris Industries and Allied Waste Industries.) The SEC filing lists assorted Bain-related entities that were part of the deal, including Bain Capital (BCI), Bain Capital Partners VI (BCP VI), Sankaty High Yield Asset Investors (a Bermuda-based Bain affiliate), and Brookside Capital Investors (a Bain offshoot). And it notes that Romney was the "sole shareholder, Chairman, Chief Executive Officer and President of BCI, BCP VI Inc., Brookside Inc. and Sankaty Ltd."
The document also states that Romney "may be deemed to share voting and dispositive power with respect to" 2,116,588 shares of common stock in Stericycle "in his capacity as sole shareholder" of the Bain entities that invested in the company. That was about 11 percent of the outstanding shares of common stock. (The whole $75 million investment won Bain, Romney, and their partners 22.64 percent of the firm's stock—the largest bloc among the firm's owners.) The original copy of the filing was signed by Romney. Another SEC document filed November 30, 1999, by Stericycle also names Romney as an individual who holds "voting and dispositive power" with respect to the stock owned by Bain. If Romney had fully retired from the private equity firm he founded, why would he be the only Bain executive named as the person in control of this large amount of Stericycle stock?
· Stericycle is just one more immoral Bain/Romney investment: “Rusty Leonard, president of Stewardship Partners, says Romney … - who is aggressively courting “religious right” voters - owns stock in at least a dozen companies with active ties to abortion… and pornography.” (http://www.danburrell.com/?p=442)
· Additional Rescources:
o “Mitt Romney’s Abortion Business Made Him $50M”
o National Catholic Reporter, August 10, 2012, on Romney and Stericycle
o YouTube: “Romney Invested in Abortion Cleanup Company Stericycle”
o “Stericycle’s Burning of Aborted Babies at North Carolina Incineration Plant Exposed”
o “Stericycle Slammed with Fines for Illegally Dumping Aborted Babies”
o Mother Jones follow-up: “What about the various SEC documents—some of which Romney signed—that identify him as controlling assorted Bain entities and large blocs of shares in firms in which Bain invested after February 1999? The Obama campaign letter cited at least 63 SEC filings after March 1, 1999, that describe Bain entities as "wholly owned by W. Mitt Romney." [The pro-Romney] rebuttals did not take into account all the evidence…. — such as this May 10, 2001, document—that describe Romney as a member of the "management committee" of Bain funds. The Romney campaign and Bain insist that Romney had not a thing to do with Bain after February 1999, though he signed filings and pocketed millions. But they won't answer specific questions about Romney and Bain during this period—just as Romney won't come clean on his tax returns.”( http://www.motherjones.com/politics/2012/07/mystery-mitt-romney-exit-bain-stericycle).
o YouTube: Stericycle Servicing Visit Planned Parenthood Denver Stapleton ...
o YouTube: Stericycle Servicing the Second Largest Planned Parenthood ...
o Slate: “The Conversion: How, when, and why Mitt Romney changed his mind on abortion”
o Slate Video: “Romney’s Abortion Record: Spin vs. Truth”
o “RomneyCare Now Funding FREE Abortions: A Disqualifier for Mitt Romney's Candidacy
,”
o National Review: “Coming Obama Attack Coming Down the Road: Stericycle?”
#[NOTE: For interviews with Mr. Baldwin, Dr. Cass or another contributor, researcher or GOP activist behind the book “DUMP ROMNEY: Why Tampa’s Republican Delegates must Dump Romney to Defeat Obama,” please contact Rod Mitchell at (281) 350-5506 or by email: mediarod@aol.com].
18 minutes of Nixon-era audio tape.
I’m against abortion yet somehow a company making money from disposal of dead fetuses doesn’t bother me. If someone murdered a bunch of babies I would not be offended if the funeral home made a profit on the funerals. Why should I be offended if the bodies were the result of an abortion? They are already dead.
I don’t get the outrage.
He is going to vote for himself.
The reaction from Romney Republicans already on this thread demonstrates vividly the biggest danger to the republic Romney represents.
Even Obama could never induce “conservatives” to defend profiteering from the abortion industry, and every other liberal atrocity under the sun.
Walk Disney’s frozen body.
Jimmy Hoffa.
The Lost Dutchman’s Mine.
Bigfoot
My lost shaker of salt.
-------------------------------------------------------------------------------- The Holy Grail
The names of JFK’s “real” killers
Bones from the Roanoke “Lost Colony”
Andy Griffith’s slingshot
Colonel Sanders’ “secret recipe”
--------------------------------------------------------------------------------
Obama's Birf Cert.
Obama's college transcripts
Boehner's balls
McConnell's integrity.
2 Corinthians 5:1
For we know that if the tent that is our earthly home is destroyed, we have a building from God, a house not made with hands, eternal in the heavens.
If you don't get it at the most basic level of right and wrong and human dignity and decency, I doubt seriously that anyone could explain it to you.
>> I’m sorry you, and Romney, consider the bodies of little boys and girls to be trash. I’ll pray for you, and him.
Spare me the melodrama, and save your condescending prayers. I don’t consider them “trash” ... I just don’t blame the trashman for what he picks-up.
>> No, it isn’t. Waste Management isn’t intentionally profiteering from the child murder industry.
Medical waste disposal is a legitimate industry. The vast majority of medical waste is not abortion-related. For the inclusion of aborted babies in that waste, I blame the disposer and the Courts, not the company that picks it up. The disposal company is not in a place to pick the aborted babies out from the amputated limbs, bloody gauze, used needles, etc., etc., etc. that they pick up.
Waste disposal companies profit from waste disposal ... they don’t pick through the stuff to take out what they don’t approve of.
Medical waste disposal companies don’t profit from abortion any more than they profit from amputation. That aborted babies are included in the definition of “medical waste” is the fault of the the Court that wrote the law, and the regulator that defined “medical waste” ... not the company that picks it up.
SnakeDoc
Who the **** didn’t know that Romney was pro-choice before he got into politics and as Governor??????
Romney has modified his position, but most conservatives understand he can’t be trusted on the issue.
But, when it comes to things Romney wants to do as president, changing abortion law is #34,789 on his todo list. Romney is not going to do anything to expand “abortion rights.”
And, while he won’t actively do anything to limit abortion, if a bill comes across his desk to add limitations, he won’t anger his base by vetoing it.
LOL!
Post of the day!
“They don’t decide what procedures go on in the facility, and they don’t define what qualifies as “medical waste” ... they just take the trash.”
You REALLY think that aborted fetuses do not have to be disposed of in a very special manner, but are instead just thrown in a bin with used test tubes and the like?
Just say “I don’t care what is in Romney’s record, I just hate Obama.” That’s what you and other “principled conservatives” *guffaw* mean, right?
...... Well .... I heard that the bodies of Jimmy Hoffa and the Roswell Aliens are buried in Mitt Romney's tax return!!!
Oops...you forgot the MORON ALERT tag.
“Romney is hiding Bain abortion profits in his tax returns,” says Tampa foe & obvious MORON. There...it's fixed.
And, that goes for both the article's author and the brainiac who posted it on FreeRepublic.com
I’m not concerned with what Romney did with his money.....I am concerned about what Obama does with our money!
Am I in an alternate universe?
Stark. Raving. Mad.
EternalVigilance (and 47 other people) will be voting for Tom Hoefling, provided they can find their polling places.
Using the hot-button issue of abortion to smear Romney is shameless but its what the left does. That some conservatives are so eager to jump in the slime with the left because of their almost maniacal hatred for Romney is sad to watch. The next president will be either Mitt Romney or Barack Obama. Those who believe that their hatred for Mitt Romney trumps the fact that Obama is a communist trying to destroy our country will do as they wish on election day. Most conservatives can see the difference between the two men and will choose sanity over hatred and vote for Romney. We can carp and complain about the Romney presidency all we want after the election but for most of us, its Anybody But Obama. That would be Mitt Romney.
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