Tag Archives: Bain Capital

He’s a Bainiac… Why Romney’s record matters

One thing is for sure about this election… It’s all going to come down to the economy. This November, Americans will be asked to go to the polls and for the candidates that they perceive as most capable of “fixing” and improving our stagnating unemployment rate. Short of some utterly catastrophic event, the economy is where the buck (and the VOTE) stops.

Yet as of late, the Obama campaign wants to shift the conversation to Romney’s time at Bain Capital. Clearly their latest memo shows that this is a subject they intend to keep in laser focus. But even the most avid supporters of the President have to step back and wonder… is this nagging really worth it? None of this changes the fact that Mitt Romney is a successful businessman.

But here’s what it does change… Romney’s reputation (or lack thereof) for telling the truth. He’s on record now for so many lies that it’s just going to be very difficult for Americans to take him at his word. There are virtually no reliable trends in his record… he’s claimed to be everything from “severely Conservative” to Progressive. To be put simply… he’s a liar.

Taken by itself, the situation with Romney’s time at Bain is one article of shiftiness. For most politicians, it would be miniscule and par for the course. But with Romney, it’s yet another bit of uncertainty to add to his rapidly-growing cloud. This is a serious problem for the Romney campaign… eventually he will have to start clarifying his political positions.

-Is he Pro-Life or Pro-Choice? Why did he switch sides?

-Is he for or against gun control laws?

-Was he or was he not at Bain Capital between 1999 and 2003?

-If he had a “Retroactive Retirement” from Bain after 1999, why did he continue to take a $100,000 salary? That’s a whole lot of money to be doing nothing. -Did he oversee any restructuring of companies that involved outsourcing?

-If he’s really against the Affordable Care Act, why did he enact the progenitor of it in Massachusetts?

-If he’s running on a record of fiscal responsibility, then why did he leave Massachusetts $1 billion dollars in debt after his term as governor?

-Why didn’t he run for a 2nd term? What would cause the American people to elect him as President if he didn’t even have the initiative to get re-elected in his home state?

-Why only release 2 years of tax returns? What could be hiding in them?

The election is ultimately about the economy. But it’s also about a choice between two individuals. Obama’s record, good and bad, is there for us to evaluate. The history of record obstruction and deception within the GOP Congress is also there to evaluate. But with Romney, we’re still as clueless as we were before the first primary vote was cast. None of these questions have been answered clearly by him or his campaign. If he wants to be President of the United States, he’s going to have come clean about all of these questions. To go on simply flagellating from one ideology to the other is manic behavior at best, and not fit for what is at stake in this election. The nation’s challenges are too great for us to bet on someone shrouded in uncertainty.

So tell us Governor… Which Mitt are we going to get?

The Trouble with Mitt: so many lies, so little time

The amazing team over at Buzzfeed has uncovered what is perhaps the most comprehensive (and potentially damaging) document on the GOP nominee yet… an entire record of Mitt Romney’s dealings. The 2008 Oppo File was compiled by the McCain campaign, and it leaves no stone unturned. It lists every controversial statement and questionable thing that has been said by, and could be used against Mr. Romney. This is really HUGE… every major story that is going to break about his past between now and November, this is likely to be a source.

It’s a 200 page document, but here are just a few tidbits that I’ve uncovered so far…

page 7— In October 2005, signed bill expanding family planning services, including abortion counseling and morning-after pill.

page 7— In December 2005, Romney abruptly reversed course and ordered Catholic hospitals to provide contraception emergency services to rape victims (That is even more strict than the national Affordable Care Act of 2010, which does not force Catholic hospitals to provide these services, but offers that the government will pay for them if they do).

page 8 Romney left his successor (as Governor of Massachusetts) to fill a budget deficit in excess of $1 Billion. That’s fiscal responsibility for you.

page 8— Romney refused to endorse the 2003 Bush tax cuts, saying he “wouldn’t be a cheerleader for the pain.”

page 11— Romney once called his state’s insurance law “a once in a generation achievement”. At least we agree on that.

page 11— At least two Bain Capital companies- Stream International and Modus Media– focused on outsourced technical support services, expanding facilities abroad while contracting operations in the United States.

page 133Romney proposed combining state Veterans Affairs with general welfare services. Apparently Veterans aren’t owed anything for fighting for our freedom??

And yes the current news of the day is in here.

page 136— Romney served as CEO of Bain Capital through August 2001, Even though he no longer ran daily operations.

This really is just the tip of the iceberg. Check it out for yourself. I’ll be doing some more in-depth research with this massive file soon.