Showing posts with label Bain. Show all posts
Showing posts with label Bain. Show all posts

Sunday, September 9, 2012

"THERE ARE THREE TYPES OF LIES - LIES, DAMN LIES AND STATISTICS"

ACTUALLY......We have a man who is vying for President of the United States, that has flip-flopped and lied on so many things it's hard to keep count. Recently he "switched" from government spending creates jobs, to government spending destroys jobs - that was in once sentence.  His campaign asked the Governor of Florida to tone down the states improvement in economy because they clashed with Romney's message that the nation is suffering under President Obama.

 His record as Governor of Massachusetts is less than sterling.  Mitt Romney left behind a legacy of rising debt, higher taxes and one of the worst economic records in the Country.  When he left office the state was 47th among 50 states in job creation, taxes and fees increased by $750 million, long term debt increased more than $2.6 billion.

Then he was called to work his magic and "save" the 2002 Salt Lake City Olympics. Utah state records show that Romney wasn't just the head of the Salt Lake Organizing Committee, Romney was also a registered lobbyist for the organization.  As lobbyist and president of the SLOC, he brought in a record $1.3 billion in federal dollars for the games and more from Utah. Romney last worked as a lobbyist on Dec. 31, 2000, according to a spokesman for the state lieutenant governor, who oversees the registry.  His stewardship of the 2002 SLOC was not without controversy.

This brings us to Bain Capital.  That subject has been discussed by every columnist for several months now.  He has bought and broken companies, left employees out of work,  lied about his involvements and his time spent there, and made millions of dollars through dishonest dealings.  He claims that he left Bain in 1999 in order to fend off attacks that he is responsible for Bain layoffs or outsourcing.However, according to the Huffington Post, Romney noted that he regularly traveled back to Massachusetts. "There were a number of social trips and business trips that brought me back to Massachusetts, board meetings, Thanksgiving and so forth." The Boston Globe reports that "the SEC documents show that Romney stayed as Bains Chairman and President, owning 100 percent of Bain as late as 2002."   Oh yes! While I'm at it, Mitt hides his money in offshore accounts, some of which do not require him to pay taxes. He plays by his own rules because that's the way he was raised.  He's wealthy, you know!

Remember when Mitt Romney said "Let Detroit go bankrupt"?  Everybody knew GM and Chrysler needed to go through a managed bankruptcy. The question was whether the companies would go through that process with or without the backing of the federal government.  Romney wanted to let the companies go through bankruptcy on their own, however if that happened the entire industry would have been devastated.  President Obama made a tough call—and took a huge political risk—when he put the weight of the U.S. government behind the auto industry. Mitt Romney would have done the exact opposite, and the results would have been disastrous. Romney claimed that if the U.S. took the path followed by President Obama, "you can kiss the American automotive industry goodbye."  Well, look where they are now - no thanks to Mitt Romney.

Romney finds it very hard to be honest.  He admitted as much when he pledged to a group in Ohio "If I'm President of the United States, with your help, I will tell the truth".
  
 WHAT KIND OF A MAN NEEDS HELP TO TELL THE TRUTH??



Monday, July 9, 2012

SHHH - IT'S A SECRET

ACTUALLY......Mitt Romneys affluence has once again surfaced, and I might add that it's not really complimentary. He has this affinity for sending his dollars to other countries.  He is a very secretive (or perhaps sneaky) man and it's believed he's not playing by the rules of transparency and disclosure.

There are recent reports regarding his offshore accounts.  Romney keeps millions of his income in the Cayman Islands, Switzerland, Ireland , Luxembourg and has invested more than $1 million in China.  I'm sure I recently read that if he is elected President, one of his priorities "on day one" is to start getting tough on China.  Humm?? He also owned a shell corporation in Bermuda.   An interesting fact about Bermuda - he transferred ownership of his secretive corporation to a blind trust in his wifes name.  Maybe this was to avoid disclosure.  Did he send his money offshore to keep from paying taxes?  One wonders just what amount of tax he would pay if his money was invested here in the U.S. instead of foreign tax havens.  It's not hard to believe that the reason he won't release his tax returns is because he has something to hide.  Americans have every right to know how he made his money, as well as what sort of taxes he pays. It's the right thing to do!

The American people don't know what he really has because he thinks he's too important to release his tax returns.  His golden parachute with Bain Capital still keeps him associated with the private-equity firm that he founded. Although he left the firm in 1999 he continues to receives large payments from them.  He revealed that in early June he received more than $2 million from Bain.

His campaign says Romney hasn't broken any laws - legally that is.  But is not breaking a law 'technically' good enough for someone who is running for President of the U.S.?  Romney is inauthentic, unprincipled, and has difficulty in telling the truth.  He's the picture of greed in a bad economy.

The Mormon Church says "do the right thing without delay regardless of the cost"