Bain Capital // Current TV

Giuliani: My Record on Jobs Far Superior to Romney’s (VIDEO)

It was obvious that Giuliani still stands behind what he said in 2008 about... more

StewSteve
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2 days ago
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President Obama to Keep Campaign Contributions from Bain Capital

"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 of another depression, manufacturing and the auto industry revived, and support his agenda to build an economy that lasts where America outinnovates and outeducates the rest of the world and economic security for the middle class is restored.”

On Tuesday, Vice President Joe Biden defended the attacks on Mr. Romney’s tenure at Bain Capital. Though he insisted he wasn’t “criticizing private equity firms,” Mr. Biden said there were many examples of Mr. Romney and his Bain colleagues causing tremendous harm.

“You hear all these stories about his partners buying companies … where they load up with a tremendous amount of debt. The companies go under, everybody loses their job, the community is devastated, but they make money,” said Mr. Biden. “They make money even when a company goes bankrupt, when workers lose their jobs.”

Earlier in the week, President Obama described Bain and other private equity firms as a “healthy part of the free market” filled with many ”folks who do good work.” However, he also said the priority of private equity companies is to “maximize profits,” which is “not always going to be good for businesses or communities or workers.” Because of this, he said Mr. Romney’s work at Bain Capital isn’t good preparation for the presidency.

“If your main argument for how to grow the economy is, ‘I knew how to make a lot of money for investors,’ then you are missing what this job is about,” President Obama said. “It doesn’t mean you weren’t good at private equity. But that’s not what my job is as president. My job is to take into account everybody, not just some.”"Though the Obama campaign has repeatedly attacked Mitt Romney for his career at... more

Truthitswhatsfordinner
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6 days ago
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10 comments

FAIL! Romney Gets F in Economics (CHART)

Oops! Another Mittens Mishap. It looks like this 2007 study of Mitt's time as... more

StewSteve
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7 days ago
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Interview with the Bain Guy: The Romney Chronicles

We break down the Romney interview with Time magazine. The whole spectacle reminded us... more

StewSteve
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7 days ago
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The Real Attacks on Capitalism

Let’s practice true capitalism; let us cease to do those things that attack and... more

StewSteve
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8 days ago
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Top Obama Donor Had Role in Bain Layoffs

"The Obama campaign’s latest attack tells the story of workers at an... more

Truthitswhatsfordinner
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8 days ago
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Romney Ended Governorship with 34% Approval Rating

Does America really want Massachusetts' old trash? -- By the time Mitt Romney... more

StewSteve
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12 days ago
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‘You’re So Bain’: A Musical Tribute to Mittens (VIDEO)

"Proud of you're money, proud of you're money. You think you can... more

StewSteve
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16 days ago
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A Romney Presidency? POTUS Won’t Know Us (VIDEO)

We finally understand what Mittens is all about... http://veracitystew.com/?p=34569

StewSteve
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1 month ago
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Mitt Romney, Bain Capital Defrauded U.S. Government of $25,000,000

Perhaps the most emphasized argument in favor of Mitt Romney is his business experience, mostly regarding his tenure at Bain Capital. His presidential campaign attempts to present him to voters as the man to tackle the nation’s economic problems because of his ‘wealth’ of economic savvy.

Let’s take a moment to reflect on just one of the business dealings that made Romney rich(er) and in turn molded him into the one candidate, as he claims, that can fix our countries economic woes.

According to Forbes:

In 1989, Bain Capital purchased controlling interest in Damon Corp., a medical testing company located in Needham, Massachusetts.

During the time that Bain held its ownership of the company, Mitt Romney personally sat on the Board of Directors. And during that same period, Damon Corp. was busy submitting fraudulent reimbursement claims to Medicare to the tune of millions of dollars charged for unnecessary blood tests.

According to federal government prosecutors, Damon was misleading physicians into ordering unnecessary blood tests, assuring the doctors that the testing would be covered by Medicare.

By the time Damon Corp. pleaded guilty to defrauding the United States Government of $25 million—and paid a total of $119 million in what was, at that time, the largest penalty of its kind in Massachusetts history—Bain was long gone having sold the company in 1993 to Corning, Inc.

The right man to fix the economy, huh? Now, don’t get me wrong, I honestly believe that Romney has a solid grasp on economic issues and business management. However, is it wise to entrust our economy to a man who still has a substantial financial interest in a company that profits when other companies are struggling? A company that has a record of defrauding the government already?

It is also worthy to note that while the company eventually went bankrupt, with thousands losing their jobs, Bain Capital walked away with a $12 million profit—a little over $400,000 of that money ending up in Mitt’s pocket.

http://libertarianreview.us/2012/04/15/mitt-romney-bain-capital-defrauded-u-s-government-of-25000000/Perhaps the most emphasized argument in favor of Mitt Romney is his business... more

JRBarilla
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1 month ago
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Top U.S. Tax Hackers: Google and Mitt Romney Beat the System (Infographic)

Ever heard of the "Dutch Sandwich?" -- It's not really a sandwich.... more

StewSteve
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1 month ago
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Republican reaction to Friday's good news on employment

When the Republican Caucus cloistered at Dracula’s castle in Transylvania after... more

DeepBrainMedia
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4 months ago
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The One Percent Candidate: Mitt Romney's Greatest Hits (VIDEO)

Conservatives keep insisting that the left and mainstream media delight in taking... more

StewSteve
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4 months ago
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"I Know What You Did Last Quarter" Mitt Romney destroyed by Jon Stewart

The man who is on all sides of every issue, Mitt Romney justifies making more in one... more

Tuppy54
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4 months ago
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2 comments

Mitt Romney's Bain Capital 'earned' $342 million by bankrupting a company and firing 850 Floridians

Via McKay Coppins, you can add The Miami Herald to the list of people and... more

WakeUpPeople
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4 months ago
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2 comments

Romney Paid 13.9 Percent Tax in 2010

The moment we’ve waited for is finally here. Mitt Romney released a preview of... more

WakeUpPeople
added this
4 months ago
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32 comments

The Media Is Confusing Private Equity And Venture Capital -- To Mitt Romney's Benefit

Reporting from the New Hampshire primary, Fox News's Carl Cameron observed that... more

ctv
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4 months ago
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The Book of Romney: Here is John McCain's ENTIRE Opposition Research File

Gay Rights, Stem-Cell Research, Taxes, Spending, Iraq, Iran, Immigration, Bain Capital... more

jeffissleeping
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4 months ago
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1 comment

The Truth About American Capitalism

Romney, Santorum and the other right-wingers who try to define the intended American... more

StewSteve
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5 months ago
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The truth about Mitt Romney and Bain Capital

Okay, Romney's questionable term as CEO of Bain Capital is getting lots of news... more

regroce
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5 months ago
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