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

Saturday, September 8, 2012

Jimmy Fallon - Romney & Bain

Simply Aaawesome!

Late Night's Jimmy Fallon parodies James Taylor's performance during the Democratic National Convention Thursday. Listen for the special Chris Christie shout out.

Thursday, August 30, 2012

Greed and Debt: The True Story of Mitt Romney and Bain Capital

Thus far there has been a lot of talk about "job creation" coming out of Mitt Romney's and Paul Ryan's mouth these last few days but Rolling Stone's Matt Taibbi frames it differently.

Taibbi has written another wonderful piece this week in Rolling Stone Magazine, he discusses the massive "debt creation" that Romney has caused which has lead to his personal wealth.

"...And this is where we get to the hypocrisy at the heart of Mitt Romney. Everyone knows that he is fantastically rich, having scored great success, the legend goes, as a "turnaround specialist," a shrewd financial operator who revived moribund companies as a high-priced consultant for a storied Wall Street private equity firm. But what most voters don't know is the way Mitt Romney actually made his fortune: by borrowing vast sums of money that other people were forced to pay back. This is the plain, stark reality that has somehow eluded America's top political journalists for two consecutive presidential campaigns: Mitt Romney is one of the greatest and most irresponsible debt creators of all time. In the past few decades, in fact, Romney has piled more debt onto more unsuspecting companies, written more gigantic checks that other people have to cover, than perhaps all but a handful of people on planet Earth..."

Friday, August 17, 2012

Friday, July 27, 2012

Mittlympics

Mitt Romney is back on top and in charge of the games! See what happens when Mitt makes piles of money, avoids taxes and wants to lead the nation. Do you need to be a businessman to be an effective president?




Wednesday, July 18, 2012

Romney Won't Select Christie As His Running Mate


By Joshua Henne, One New Jersey

(NEW JERSEY) - With Mitt Romney speeding up his running-mate selection to stop his campaign's continuous bleeding of bad story after bad story, it is clear that Chris Christie isn't going to make the cut.

Here are 14 reasons why Romney won't select Christie for the vice-presidential slot:

1. Remember the last time a Republican picked a governor short of one-term who burst onto the national scene and became addicted to the adulation, who was more sizzle than substance and who cared more about personal brand than helping a ticket.

2. When Romney hears the word "shore" he thinks "offshore accounts - where I can stow away my money". But, Christie thinks "Jersey Shore - where I can bully constituents on the boardwalk during an ice cream cone run."

3. Ronald Reagan said the most dangerous 9 words were "I'm from the government, and I'm here to help"... but he was wrong, it's "I'm Chris Christie, and I know the nuke codes."

4. The fact that New Jersey's economy ranks 47th nationally under Governor Christie would remind folks that Massachusetts ranked 47th in job creation under Governor Romney.

5. Month after month, New Jersey chronically lags the rest of America in jobs - often a full percentage point higher in unemployment than the national average.

6. CNBC reports New Jersey slipped to 41st in business climate under Christie - which wouldn't really do well to shore up support among the GOP's Wall Street base.

7. One out of every twelve mortgages in New Jersey is in the foreclosure stage. This number continues to spike as rates nationally have fallen to the lowest levels since 2008. New Jersey now has the 2nd highest percentage of mortgage loans in foreclosure in the nation.

8. With all of Romney's Bain gambles and bailout hammering, does he want a running mate who gave a $261 million bailout to casino moguls?

9. Does Romney really need to add a Halfway House scandal to his list of campaign worries?

10. Romney doesn't want a running-mate who talks more often to the Koch Brothers than he does.

11. Christie wouldn't even be able to carry his home state... just like Romney won't carry Michigan or Massachusetts. And wouldn't that be embarrassing.

12. Christie has used his time in Trenton to audition for the national stage at the expense of doing his job back home. As running-mate, he would simply use the opportunity to audition for a future gig at the expense of the top of the ticket.

13. Christie falls asleep at Springsteen concerts. Can you imagine what he'd do during Romney's warbling rendition of "America the Beautiful"?

14. Christie might turn Romney down because he already has a more lucrative gig lined up at Fox News for after November.
* * * *

One New Jersey is shining a light on politicians who act against the best interests of New Jersey’s residents and who seek to divide our state for their own political gain. It is giving voice to the important issues that affect our daily lives. One New Jersey will closely monitor policy positions and actions of elected officials and expose their records on the issues that matter. You can follow One New Jersey on Twitter (@OneNJ) or search for “One New Jersey” on Facebook.


Monday, May 21, 2012

Romney Economics: Job Loss and Bankruptcy at Ampad

Hey Cory, maybe you should watch this before defending Mitt.



With American Pad & Paper (Ampad), Mitt Romney and his partners took a small but successful paper products business and merged it with other companies in the industry, piling up debt as they went. Ultimately, the company was unable to keep up with the interest payments on its debt and was forced into bankruptcy, but not before Romney and his partners were able to squeeze out more than $100 million for themselves.


Monday, May 14, 2012

Romney Economics : GST Steel



Kansas City's GST Steel had been making steel rods for 105 years when Romney and his partners took control in 1993. They cut corners and extracted profit from the business at every turn, placing it deeply in debt. When the company eventually declared bankruptcy, workers not only lost their jobs but were denied their full pensions and health insurance, and the government was forced to step in and provide a bailout.

Learn more: http://www.romneyeconomics.com