Romney's Bain Lie

[Ravi]

Mitt Romney stayed at Bain three years longer than he claimed: As we’ve previously noted, Mitt Romney twice told the Government Ethics Office that he left Bain Capital in February 1999, but there has been plenty of evidence suggesting otherwise. When he left Bain is a critical question, both because a different date than the one he claimed could mean he lied on official forms, and also because Romney has used the early departure date to insulate himself from attacks on Bain’s practices during the early 2000s.

But the Boston Globe reports today that Romney stayed on a full three years longer at Bain than he has claimed. Securities and Exchange Commission documents filed the in the years after 1999 list Romney as the “sole stockholder, chairman of the board, chief executive officer, and president” of Bain. And a Massachusetts financial disclosure form Romney filed in 2003 states that he still owned 100 percent of Bain Capital in 2002.

Romney’s Bain lie - Salon.com

 

[SniperFire]

zzzzz zzzzzzzzzz

 

[Valerie]

I think people need to understand there is a difference between Bain & Co and Bain Capital...this has apparently been the cause of much the confusion...

Founding and early history

Bain Capital was founded in 1984 by Bain & Company partners Mitt Romney, T. Coleman Andrews III, and Eric Kriss. In 1983, Bill Bain offered Romney the chance to head a new venture that would invest in companies and apply Bain's consulting techniques to improve operations.[6]

While Bain Capital was founded by Bain executives, the firm was not an affiliate or a division of Bain & Company but rather a completely separate company.


Initially, the two firms shared the same offices and a similar approach to improving business operations. However, the two firms had put in place certain protections to avoid sharing information between the two companies and the Bain & Company executives had the ability to veto investments that posed potential conflicts of interest.[12] Bain Capital also provided an investment opportunity for partners of Bain & Company. Bain Capital's original $37 million fund was raised entirely from private individuals in mid-1984.[11] The firm initially gave a cut of its profits to Bain & Company, but Romney later persuaded Bain to give that up.[13]


Bain Capital - Wikipedia, the free encyclopedia

 

[Katzndogz]

Bain has guided more companies from failure to success than not. obama has guided the whole country into failure.

 

[Sallow]

Mitt Romney stayed at Bain three years longer than he claimed: As we’ve previously noted, Mitt Romney twice told the Government Ethics Office that he left Bain Capital in February 1999, but there has been plenty of evidence suggesting otherwise. When he left Bain is a critical question, both because a different date than the one he claimed could mean he lied on official forms, and also because Romney has used the early departure date to insulate himself from attacks on Bain’s practices during the early 2000s.

But the Boston Globe reports today that Romney stayed on a full three years longer at Bain than he has claimed. Securities and Exchange Commission documents filed the in the years after 1999 list Romney as the “sole stockholder, chairman of the board, chief executive officer, and president” of Bain. And a Massachusetts financial disclosure form Romney filed in 2003 states that he still owned 100 percent of Bain Capital in 2002.

Romney’s Bain lie - Salon.com

And the Romney campaign wants to change some of those awful terms that are being used about him.

It's not called "Corporate Raiding" if Mitt does it. It's called "Profit Actualization".
It's not called "Lay Offs" if Mitt does it. It's called "Releasing New Potential".
It's not called "Out Sourcing" if Mitt does it. It's called "Charitable Overseas Employment".
It's not called "Tax Payer Subsidies" if Mitt gets it. It's called "Re-purposing Surpluses".

See how simple that is?

 

[Ravi]

I think people need to understand there is a difference between Bain & Co and Bain Capital...this has apparently been the cause of much the confusion...

Founding and early history

Bain Capital was founded in 1984 by Bain & Company partners Mitt Romney, T. Coleman Andrews III, and Eric Kriss. In 1983, Bill Bain offered Romney the chance to head a new venture that would invest in companies and apply Bain's consulting techniques to improve operations.[6]

While Bain Capital was founded by Bain executives, the firm was not an affiliate or a division of Bain & Company but rather a completely separate company.


Initially, the two firms shared the same offices and a similar approach to improving business operations. However, the two firms had put in place certain protections to avoid sharing information between the two companies and the Bain & Company executives had the ability to veto investments that posed potential conflicts of interest.[12] Bain Capital also provided an investment opportunity for partners of Bain & Company. Bain Capital's original $37 million fund was raised entirely from private individuals in mid-1984.[11] The firm initially gave a cut of its profits to Bain & Company, but Romney later persuaded Bain to give that up.[13]


Bain Capital - Wikipedia, the free encyclopedia

I see that wikipedia hasn't updated the date Mitten actually left yet.

 

[Ravi]

Mitt Romney stayed at Bain three years longer than he claimed: As we’ve previously noted, Mitt Romney twice told the Government Ethics Office that he left Bain Capital in February 1999, but there has been plenty of evidence suggesting otherwise. When he left Bain is a critical question, both because a different date than the one he claimed could mean he lied on official forms, and also because Romney has used the early departure date to insulate himself from attacks on Bain’s practices during the early 2000s.

But the Boston Globe reports today that Romney stayed on a full three years longer at Bain than he has claimed. Securities and Exchange Commission documents filed the in the years after 1999 list Romney as the “sole stockholder, chairman of the board, chief executive officer, and president” of Bain. And a Massachusetts financial disclosure form Romney filed in 2003 states that he still owned 100 percent of Bain Capital in 2002.

Romney’s Bain lie - Salon.com

And the Romney campaign wants to change some of those awful terms that are being used about him.

It's not called "Corporate Raiding" if Mitt does it. It's called "Profit Actualization".
It's not called "Lay Offs" if Mitt does it. It's called "Releasing New Potential".
It's not called "Out Sourcing" if Mitt does it. It's called "Charitable Overseas Employment".
It's not called "Tax Payer Subsidies" if Mitt gets it. It's called "Re-purposing Surpluses".

See how simple that is?

Re-purposing Surpluses!

 

[Chris]

Romney is a liar and a thief.

 

[Sallow]

Romney is a liar and a thief.

But does he drink Penny Royal Tea?

 

[CrusaderFrank]

Obama and Democrats have been the bane of the US economy

 

[asaratis]

Bain has guided more companies from failure to success than not. obama has guided the whole country into failure.

Staples is a good example....now has 2000 stores, employs about 90,000 people (in the private sector)

That's more net jobs than Obama has created since he started. Obama has likely created 90,000 government jobs with his ObamaCare....got to have the IRS expanded to force compliance.

 

[asaratis]

Romney is a liar and a thief.

How many thieves do you know that give away 4 million dollars?

How many thieves do you know that perform the works Romney has ... for NO PAY?

It is you that is the liar!

But of course, you have a legitimate excuse...you're a fucking liberal!




His full Name is: Willard Mitt Romney

He was Born: March 12, 1947 and is 65 years old.

His Father: George W. Romney, former Governor of the State of Michigan

He was raised in Bloomfield Hills , Michigan

He is Married to Ann Romney since 1969; they five children.

Education:
B.A. from Brigham Young University ,

J.D. and M.B.A. from Harvard University

Religion:
Mormon - The Church of Jesus Christ of the Latter-Day Saints

Working Background:

After high school, he spent 30 months in France as a Mormon missionary.

After going to both Harvard Business School and Harvard Law School simultaneously, he passed the Michigan bar exam, but never worked as an attorney.

In 1984, he co-founded Bain Capital a private equity investment firm, one of the largest such firms in the United States .

In 1994, he ran for Senator of Massachusetts and lost to Ted Kennedy.

He was President and CEO of the 2002 Winter Olympic Games.

In 2002, he was elected Governor of the State of Massachusetts where he eliminated a 1.5 billion deficit.

Some Interesting Facts about Romney:

Bain Capital, starting with one small office supply store in Massachusetts , turned it into Staples; now over 2,000 stores employing 90,000 people.

Bain Capital also worked to perform the same kinds of business miracles again and again, with companies like Domino's, Sealy, Brookstone, Weather Channel, Burger King, Warner Music Group, Dollarama, Home Depot Supply, and many others.

He was an unpaid volunteer campaign worker for his dad's gubernatorial campaign 1 year.

He was an unpaid intern in his dad's governor's office for eight years.

He was an unpaid bishop and state president of his church for ten years.

He was an unpaid President of the Salt Lake Olympic Committee for three years.

He took no salary and was the unpaid Governor of Massachusetts for four years.

He gave his entire inheritance from his father to charity.

Mitt Romney is one of the wealthiest self-made men in our country but has given more back to its citizens in terms of money, service and time than most men.

And in 2011 Mitt Romney gave over $4 million to charity, almost 19% of his income.... Just for comparison purposes, Obama gave 1% and Joe Biden gave $300 or .0013%.

Mitt Romney is Trustworthy:

He will show us his birth certificate

He will show us his high school and college transcripts.

He will show us his social security card.

He will show us his law degree.

He will show us his draft notice.

He will show us his medical records.

He will show us his income tax records.

He will show us he has nothing to hide.

Mitt Romney's background, experience and trustworthiness show him to be a great leader and an excellent citizen for President of the United States .

You may think that Romney may not be the best representative the Republicans could have selected. At least I know what religion he is, and that he won't desecrate the flag, bow down to foreign powers, or practice fiscal irresponsibility. I know he has the ability to turn this financial debacle that the current regime has gotten us into. We won't like all the things necessary to recover from this debt, but someone with Romney's background can do it. But, on the minus side, He never was a "Community Organizer", never took drugs or smoked pot, never got drunk, did not associate with communists or terrorists, nor did he attend a church whose pastor called for God to damn the US.

 

[Ravi]

Bain has guided more companies from failure to success than not. obama has guided the whole country into failure.

Staples is a good example....now has 2000 stores, employs about 90,000 people (in the private sector)

That's more net jobs than Obama has created since he started. Obama has likely created 90,000 government jobs with his ObamaCare....got to have the IRS expanded to force compliance.

As nice as it was for you to remind us all that Staples put a lot of mom and pop stores out of business and pay their employees minimum wage instead of what they were getting as business owners, this thread is about Mitten lying about his time at Bain.

 

[CrusaderFrank]

Bain has guided more companies from failure to success than not. obama has guided the whole country into failure.

Staples is a good example....now has 2000 stores, employs about 90,000 people (in the private sector)

That's more net jobs than Obama has created since he started. Obama has likely created 90,000 government jobs with his ObamaCare....got to have the IRS expanded to force compliance.

As nice as it was for you to remind us all that Staples put a lot of mom and pop stores out of business and pay their employees minimum wage instead of what they were getting as business owners, this thread is about Mitten lying about his time at Bain.

You're just one cliche after another

 

[Ravi]

Staples is a good example....now has 2000 stores, employs about 90,000 people (in the private sector)

That's more net jobs than Obama has created since he started. Obama has likely created 90,000 government jobs with his ObamaCare....got to have the IRS expanded to force compliance.

As nice as it was for you to remind us all that Staples put a lot of mom and pop stores out of business and pay their employees minimum wage instead of what they were getting as business owners, this thread is about Mitten lying about his time at Bain.

You're just one cliche after another

What do you think of Romney's lie?

 

[asaratis]

As nice as it was for you to remind us all that Staples put a lot of mom and pop stores out of business and pay their employees minimum wage instead of what they were getting as business owners, this thread is about Mitten lying about his time at Bain.

You're just one cliche after another

What do you think of Romney's lie?

Totally inconsequential (if it is true that he lied) when compared to the lies Barack Obama has told us.

 

[Katzndogz]

All democrats have are lies about Romney's record. If you are paying attention to Romney's record, you won't look to closely at obama's.

 

[CrusaderFrank]

All democrats have are lies about Romney's record. If you are paying attention to Romney's record, you won't look to closely at obama's.

 

[Leweman]

You mean the media is digging into claims made by Romney? Too bad they don't do that to the other guy. Imagine all we could learn.

 

[CrusaderFrank]

As nice as it was for you to remind us all that Staples put a lot of mom and pop stores out of business and pay their employees minimum wage instead of what they were getting as business owners, this thread is about Mitten lying about his time at Bain.

You're just one cliche after another

What do you think of Romney's lie?

I think you're hyperventilating. Put a bag over your head, put your paperbagged head between your knees, I'll be back in a few days to see if you've calmed down