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Subscribe to RSSThe Boston Globe goes to Fort Wayne, IN, and writes about two Bain investments – one that helped the business, the other that saw a company go belly up. “The common denominator is that Romney and his Bain Capital partners profited from both investments at both plants,” the Globe writes, adding, “An on-the-ground look at the fortunes of these two Midwestern steel factories illuminates how Bain - which Romney built into one of the leading private equity companies in the United States - augmented its own investments with large amounts of debt and community taxpayer support to make forays into a rapidly changing segment of heavy industry.”
“After days of repeating Clinton’s statement last week that the presumptive Republican nominee “crosses the qualification threshold” to be president, the Romney campaign dug up an older interview in which Clinton questioned Obama’s presidential qualification,” the Boston Globe notes. “In a December 2007 exchange, PBS’s Charlie Rose asked Clinton if Americans would be ‘rolling the dice’ by electing Obama, instead of Clinton’s wife, Hillary Clinton.”
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Yes, for this dollar worshiping Norquist pledger becoming Presiodent is NOT about leading America but about pocketing another of our dollars.
Romney has already signed a solemn vow with Grover that he will never reduce our deficit; that he will put the interests of Norquist, Rove, the Kochs, Trump and the other 1%ers ahead of the United States of America....
If you truly care about this nation, DO NOT SUPPORT NOR VOTE FOR ROMNEY!!!
Facts.
Mitt the Misfit has no chance in November.
Pigotry
don't be so sure, there are plenty of people who love to vote against self interests:
women's equal pay rights (what's Mitt's view on that again????) or women's rights altogether
Lower 20% earners will see increase in their taxes while the top 1% will see a decrease
Wars wars wars
deregulation to witness Financial Meltdown II
The story of the development of the steel mini mills in the US is quite fascinating. It showed how investors who knew the steel industry, took advantage of new technology, and cheap scrap steel that the large integrateds had been producing for a century. They combined this with a conscious avoidance of EPA rules and high labor costs by locating in more rural areas where the Clean Air rules didn't apply and where the existing labor pool was not accustomed to higher wages or unions. They went even another step by playing county against county, state against state to get get the best tax incentives. These were smart guys and I applaud that. What I do not condone is that they now think that their wealth entitles them to mettle in politics to drive their ideology of right to work and no EPA. The former CEO of Steel Dynamics was the chief driver of Indiana's push to adopt right to work and he's one of the primary money backers to Romney. Workers need to wake up and realize that just like Scott Walker in Wisc., this GOP intends to void/repeal all of the New Deal labor protections - no collective bargaining, no freedom of association, no employer collection of dues. It's not even that they are that opposed to unions, they simply want to eliminate any possible campaign contribution counter weight/opposition to the vast sums that these guys can contribute to the GOP. Don't believe me. Look at the debates in Indiana for right to work. The GOP legislators admitted that their motivation was to eliminate teacher union contributions to Democratic candidates.
I'm actually pleased the Republicans nominated a venture capitalist for President so we can draw the curtain back to expose how these companies depend on the very government they claim should be small enough to drown in a bathtub.
Amy B. Portland, ME
I do think that Romney was successful at what Romney did - and he's got the cash to prove it. And I do think that this kind of money making is what our country is all aboutday: making money by playing with other people's money by inflating the value short-term. And I do understand why people like Romney would like to protect their interests. But what I do not understand is how the some of the Average Americans see this form of capitalism as something to be proud of. It's a quick way to make lots of money while providing nothing of value. It benefits a few today while it harms most long-term.
Why cant people understand that being like Milton Hershey equals to great wealth, great company, AND happy, healthy employees who make sure that the company they work for is well taken care of and creates wealth for the owners?
For the tea people Koch republicans it's all about redirecting the rest of our tax dollars to the rich. Note to the people supporting this agenda. You aren't one of them, once they get what they want you'll be out on your own. See that's what venture capitalist do, they act like their concerned about your future, then when they've got all they can get out of you they kick you out and take their profits and run leaving you destitute. This is what the plutocrats plan on doing with our government if Romney is elected.
All money ain't good money. Willard seems to have plenty of money, but it doesn't seem to be good money. The only reason it isn't illegal is because of deregulation.