Dick Tuck
Board Troll
- Aug 29, 2009
- 8,511
- 505
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Still shaking that Etch-a-Sketch, Mittens?
Romney Critical Of Government Aid That Helped Bain Profit
Romney Critical Of Government Aid That Helped Bain Profit
Mitt Romney likes to say that government does not create prosperity.
His record in the private equity industry shows otherwise.
During Romneys years as chief executive of Bain Capital LLC, companies owned by the firm received millions of dollars in benefits from a variety of state and local government economic development programs.
In California, taxpayer money built one Bain company a conveyor bridge between two of its buildings. New York City gave another Bain company tax breaks and lower energy bills to discourage it from moving to New Jersey. And in Indiana, a county government issued bonds to help buy new equipment for a Bain-owned steel plant -- a business success featured in a Romney campaign ad touting his private sector prowess.