Romney responds to Bain attacks, says he helped create 100k jobs (Saving companies save jobs)
Posted by admin / Under Bain Marie
Mitt Romney, who has been silent up to this point on the Obama campaign's extensive attacks on his private equity career, defended his experience in an interview with conservative blogger Ed Morissey, distancing himself from the closing of a steel factory at a Bain-owned company and accusing the president of talking out of both sides of his mouth on private equity. Here's what he said: "The most recent attacks are really off target and I think they know. They said, oh, gosh, Gov. Romney at Bain Capital closed down a steel factory. But the problem, of course, is that the...
Published on Saturday 19th of May 2012 08:50:33 PM
Dems Attack Romney Over Layoffs Made by Obama Bundler
Posted by admin / Under Bain Marie
The ad is certainly gripping and emotional. It is also, however, completely wrong. The company was shut down in 2001. Romney left Bain in 1999, long before the plant closing, to run Winter Olympics. Two years is an eternity in the business world. Blaming Romney for decisions made two years after the left the company is at best disingenuous. However, there was a political power-player serving as a director of Bain at the time of the company's bankruptcy and layoffs--Jonathan Lavine. Lavine joined Bain in 1993. He is currently Managing Director and Chief Investment Officer. He is also a major...
Published on Saturday 19th of May 2012 08:50:33 PM
Obama's Bain ad: 'Like watching an old friend bleed to death' (BARF!!)
Posted by admin / Under Bain Marie
The Obama campaign's 2-minute ad on Mitt Romney's Bain Capital is record is out, and it is brutal. Targeting Romney's involvement in the acquistion of GST Steel, the commercial shows workers at a shuttered plant pinning Romney and Bain with the blame. “They made as much money off it as they could and they closed it down, they filed for bankruptcy, without any concern for the families or the communities,” says Joe Soptic, a former steelworker. “It was like watching an old friend bleed to death.” The spot directly contrasts the steelworkers' testimonials with Romney's words touting his business experience,...
Published on Saturday 19th of May 2012 08:50:33 PM
Obama’s Already Debunked Attack Ad on Romney and Bain
Posted by admin / Under Bain Marie
The Obama campaign is out with a new two-minute attack ad, hitting Mitt Romney on his past at Bain Capital. The ad, set to run in Pennsylvania, Iowa, Ohio, Virginia and Colorado, plays up the “vulture capitalism” angle. “It was like a vampire,” says a former GS Steel worker named Joe Cobb. “They came in and sucked the life out of us.” The Romney campaign is expected to push back aggressively on what they view as a major distraction from the president’s disastrous economic record. It shouldn’t be terribly hard. The bankruptcy and layoffs occurred in 2001, two years after...
Published on Saturday 19th of May 2012 08:50:33 PM
Truth About Romney's Pro-China Involvement Surfaces
Posted by admin / Under Bain Marie
UPDATE for yesterday's post: As it turns out, Mitt Romney as governor was a wholly-owned subsidiary of China. Rep. Duncan Hunter, member of the House Armed Services Committee excoriated Romney in 2008, advising voters then to steer clear of a pro-China Romney. To this date Romney has failed address the problem, demonstrating further how unserious a candidate he is for Commander-in-Chief - although there's very lttle anyone could say to save himself from the inevitable disqualification this type of footsie with a hostile regime that has called for "exterminating the US population" brings. From Newsmax, 2008: "As the founder of...
Published on Saturday 19th of May 2012 08:50:33 PM
Rick Santorum’s camp hits Mitt Romney on Bain tenure
Posted by admin / Under Bain Marie
Republican presidential candidate Rick Santorum’s campaign is taking aim at rival Mitt Romney’s tenure at the helm of Bain Capital..... [SNIP] Back in January, when Perry and Gingrich were hitting the former Massachusetts governor hard on his Bain tenure, Santorum had told CNN’s Wolf Blitzer, “I hate to sit here and be a defender of Mitt Romney, but to me this is federal capitalism, and I have to say that this is an attack probably not warranted.” “Bain Capital, at least from the record I looked at, had a lot of success,” Santorum said at the time. “I mean they...
Published on Saturday 19th of May 2012 08:50:33 PM
Mitt Romney's Bain Capital Tied to China Surveillance Camera Push
Posted by admin / Under Bain Marie
BEIJING — As the Chinese government forges ahead on a multibillion-dollar effort to blanket the country with surveillance cameras, one American company stands to profit: Bain Capital, the private equity firm founded by Mitt Romney. In December, a Bain-run fund in which a Romney family blind trust has holdings purchased the video surveillance division of a Chinese company that claims to be the largest supplier to the governmentÂ’s Safe Cities program, a highly advanced monitoring system that allows the authorities to watch over university campuses, hospitals, mosques and movie theaters from centralized command posts.The Bain-owned company, Uniview Technologies, (浙江宇视科技有é™å…¬å¸) produces...
Published on Saturday 19th of May 2012 08:50:33 PM
VANITY: Please help me out with some particulars on this "Bain Capital" outfit
Posted by admin / Under Bain Marie
Gonna be having dinner with a Romney supporter this weekend. I know everything I need to know about "Bain Capital" and their way of skimming the cream off the top of failing companies, but I need all the information I can get.
Published on Saturday 19th of May 2012 08:50:33 PM
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