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Do you have a source for his "unreported income"? I'm guessing you don't.archer wrote: Ahhhh....that's Romney's reported income....what about the Swiss and Cayman Island accounts?
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http://www.keepinggophonest.com/romney- ... ent-bankr/Romney was in charge of his corporate buyout firm when GST Steel went bankrupt
Romney can’t wash his hands of the decisions his firm made while he was CEO. Even while running the Salt Lake City Olympics, he still owned and profited from Bain Capital’s corporate buyouts, including GST Steel. Here are the facts:
* Romney was head of Bain Capital when the firm took control of the Kansas City plant in 1993.* Romney “remained CEO and held his financial interest in the company through August 2001,” which includes the period “when the Kansas-based GST Steel plant was shut down and workers laid off” in February of 2001. [Source: Boston Globe]
* Romney claims to have severed ties with his firm in 1999, but, as the Washington Post notes , he maintained full sole ownership until 2001.
* Romney was listed on multiple Bain filings in 2001 and 2002, still functioning as a general partner in several of the firm’s funds.
* Romney continues to get a share of the firm’s profit now, bringing the Romney family millions of dollars each year. As the New York Times notes, “when it came to his considerable personal wealth, Mr. Romney never really left Bain.”
Romney had the right to run his business how he saw fit, but the decisions he made reflect the values he’d live by as president. He had no problem loading up companies like GST Steel with debt and leaving hundreds of Americans without jobs just so his investors could make millions. His current economic agenda is no different: budget-busting tax cuts for the very wealthy at the expense of the middle class.
GST Steel is only one example of how Romney’s principles impacted companies and workers across the country. Take a look at Romney Economics to see more, and then share it with your friends and family.
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LadyJazzer wrote: Oh, darn....
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Topic Author
The Liberals GOP Twin wrote:
LadyJazzer wrote: Oh, darn....
Oh darn... that's capitalism, and the only people who have trouble with allowing companies to make profits (obscene profits if necessary) is whiny, entitlement lefties who don't have the f'ing self respect to get out their any make their own little capital empire.
I bet you all breast fed until you were 6 years old? I really don't feel sorry for any of you.
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On Monday night Mr. Obama spoke at a fund-raiser at the Manhattan home of Tony James, the president of the private-equity giant, the Blackstone Group. [/b][/i] Attendees, many from the private-equity world, paid $35,800 a head for the privilege of dining with the President who purports to loathe Wall Street when he isn’t asking its greedy denizens to redistribute their wealth to his campaign. Mr. James donated the legal maximum of $35,800 to the Obama campaign and the Democratic National Committee in November 2011.
This is the same private-equity business the Obama campaign is now smearing as morally repugnant when undertaken by Mitt Romney. [/b][/i]
http://online.wsj.com/article/SB1000142 ... lenews_wsj
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While trying to define Republican Mitt Romney as an insensitive job-killer during his time as a private equity executive, the Obama campaign also is raising money from private equity executives on Wall Street - and hoping voters don't see that as hypocritical.
The Obama campaign's political dexterity was evident on Monday, as it released a blistering video ad recounting how Romney's Bain Capital laid off 750 workers from a steel mill in Missouri. Hours later, the campaign raked in about $2 million at a Manhattan fundraiser held by Tony James, president of the Blackstone Group, a huge private equity firm. [/b][/i]
The Blackstone Group had been on the Obama campaign's radar before - as a target for criticism.
Last month, the campaign identified a Blackstone partner, Paul Schorr, as one of "eight wealthy individuals" who donated to Romney's campaign after "betting against America" in "less-than-reputable" deals that led to outsourcing and layoffs. [/b][/i]
http://news.yahoo.com/obama-walks-fine- ... nance.html
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