Tag Archives: Republican

The Bain Job Losses Mitt Romney Doesn’t Want You To Know About

All this stuff about Romney and Bain Capital isn’t new.

He’s just upset because it has been used effectively against him before and he hoped to avoid it happening again….

Here is an ad Ted Kennedy rain against Mitt Romney when Romney ran his losing campaign against Kennedy for the Massachusetts U. S, Senate seat in 1994.

And here’s some info from ThinkProgress.org today on what’s behind this current controversy…

No wonder Romney is trying to get people to stop talking about this stuff….

Critics have highlighted a number of businesses that were bought by Bain Capital and then reorganized to maximize profit for the investment firm, with several falling into bankruptcy and vanishing entirely. In several instances however, Mitt Romney defended his candidacy by pointing out that he left Bain Capital in 1999 to run the 2002 Winter Olympics, before those companies began their collapse. With a new timeline that shows Romney was the CEO and principle owner of Bain Capital as late as 2003, that defense now sounds much more questionable. Here are four companies that folded or downsized in the three year period after Romney claimed to have left Bain Capital:

– GS Industries – 750 Jobs Lost: In a series of ads earlier this year, the Obama campaign hit Romney over Bain Capital’s purchase of GS Industries, a steel company that closed its Kansas City plant and eliminated 750 jobs in February 2001. The Romney campaign responded by claiming that Romney had left Bain Capital well before 2001, and was therefore not tied to the collapse of the GS. Bain Capital and its executives, including Mitt Romney, earned at least $12 million on the initial investment.

– KB Toys – Up to 3,500 Jobs Lost: During the primary season, Newt Gingrich’s 30 minute documentary on Romney and Bain Capital spent a significant amount of time focused on KB Toys, a retail chain bought by Bain in 2000. At the time, the Romney campaign, with an assist from fact-checking groups like PolitiFact, pointed to the calendar. As these new filings show, Romney was still very much at Bain Capital when they purchased KB Toys, and profited mightily when the company took out crippling loans to pay Bain Capital an $83 million dividend.

– Dade International – 1,700 Jobs Lost: Months after Romney claims to have left the company, Bain Capital received a $242 million bounty for its stake in the medical supply company. Romney profited substantially from the deal. In 2002, Dade International filed for bankruptcy, costing more than 1,700 people their jobs. At the time, Romney was the 100 percent owner of Bain Capital, the new documents show.

–DDi Corporation – 275 Jobs Lost: In 1996, the circuit board manufacturer was bought by a group of investors, with Bain Capital in the lead, for more than $40 million. By December 1999, DDi closed a Colorado plant and fired 275 workers. Bain Capital, with Romney still listed as Chairman and CEO, then proceeded to take DDi public, raising $170 million during the company’s IPO in 2000. Over the next few months, Bain began selling off its stock, raising almost $100 million, more than doubling its investment. The stock plummeted shortly thereafter.

In all, as many as 6,000 jobs were lost at these four companies during the period between when the Romney campaign alleges he retired, and when the Globe’s report suggests he actually stepped down.

MORE:   The Bain Job Losses Mitt Romney Doesn’t Want You To Know About | ThinkProgress.

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Ex-congressman Virgil Goode Eyes Presidential Bid

Hasn’t he already embarrassed Virginia enough?

This man is seriously crazy- which is normal for Virginia Republicans…

Now it seems he is taking his crazy on the road…

Thank god, Goode finally lost his Congressional seat to the great Tom Perriello and we thought we were rid of him.  Unfortunately, Tom lost to that dim bulb Robert Hurt who currently occupies the VA 5th District seat and is, at least, a much quieter embarrassment than Goode.

Now, it seems, the national GOP just isn’t crazy enough for Virgil, so he’s going to try to make a comeback….

God, help us…

It will take at least a century for Virginia’s image to recover from this- especially if the current right-wing lunatic governor with really bad televangelist Republican hair ends up as the GOP VP nominee…

The good news, is there are a few people crazy enough to vote for Virgil Goode, at least in Southside Virginia, so he will at least pull a few dozen votes away from whoever the GOP nominates….

From The Washington Post:

Virgil H. Goode Jr. — the former Virginia congressman and state Senator who switched from Democrat to Independent to Republican during his time in office — is apparently interested in the nation’s top job. Goode filed papers with the Federal Election Commission last week to create the Virgil Goode for President Campaign Committee.

The form does not specify which party’s banner Goode will run under, but in 2010 he was named to the executive committee of the Constitution Party, and last year the party unanimously adopted a resolution calling on Goode to run for president. He said at the time he would “consider it.”

via Ex-congressman Virgil Goode eyes presidential bid – Virginia Politics – The Washington Post.

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Buffett On Why Romney Should Pay Higher Taxes: He’s Just ‘Shoving Around Money,’ Not ‘Straining His Back’

I’ll keep saying it over and over:  There is no reason to vote for a Republican unless you are a millionaire only interested in trying to protect your own interests.

Here, American’s favorite Billionaire, calls Romney out on that point:

From ThinkProgress.org:

Last week, Mitt Romney finally admitted that he pays a tax rate of 15 percent, lower than that of many middle-class families. Romney is taxed at such a low rate because, as he freely admits, all of his income comes from investments, and is thus subject to the top capital gains tax rate of 15 percent, rather than the top income tax rate of 35 percent.

However, Romney has refused to sign on to the Obama administration’s “Buffett rule,” which aims to ensure that millionaires can’t dodge taxes to the extent that they’re paying less than teachers. Today, billionaire investor Warren Buffett himself was asked about Romney’s tax rate, replying that letting millionaire investors like Romney pay such low taxes is “the wrong policy” because he makes his income by just “shoving around money”:

He makes his money the same way I make my money. He makes money by moving around big bucks, not by straining his back and going to work cleaning the toilets or whatever it may be. He makes it shoving around money. I make it shoving around money. If you look at the 400 highest incomes in the United States, they average $220 million. Something like 90 of them are effectively unemployed. They have no earned income, and that number has gone up over the years. […]

It’s the wrong policy to have. Nothing wrong about [Romney] doing that. He will not pay more than the law requires. I don’t fault him for that in the least, but I do fault the law that allows him and me, earning enormous sums to pay over all federal taxes at a rate that is about half what the average person in my office pays.

via Buffett On Why Romney Should Pay Higher Taxes: He’s Just ‘Shoving Around Money,’ Not ‘Straining His Back’ | ThinkProgress.

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Romney Campaign Busing in Mormons to Make Crowds

This is showing up on several websites today….

The Romney campaign is just collapsing in South Carolina and bussing in Mormon college students to make their crowds seem bigger and more excited….

This is really getting interesting….

From DailyKos:

Buzzfeed reports the latest signs of the complete collapse of the Romney campaign in South Carolina:

GREENVILLE, South Carolina–Outside Tommy’s Ham House here this morning–where Mitt Romney and Newt Gingrich scheduled back-to-back visits–a boisterous crowd of young, fresh-faced supporters was waving Romney signs and chanting, “MITT! MITT! MITT!”

But this wasn’t a grassroots youth movement rooted at the University of South Carolina. No, many of the students cheering on the candidate told BuzzFeed they were actually BYU students and young Mormons from D.C. and Virginia who traveled to the Palmetto State to give their coreligionist’s presidential effort a much-needed jolt of energy.

Kat Wardle, a 23-year-old BYU student who is spending the semester in Washington, D.C., said she and several young Latter-Day Saints have been following Romney around the state, playing the role of cheerleaders at various campaign stops.

“I was all over the place at the Lexington rally!” said Wardle, referring to a rainy outdoor event that the campaign has been spinning as an example of growing momentum. Despite the weather, a crowd of several hundred remained for the event and, Romney surrogates like Nikki Haley have pointed out, they were loud and proud.

MORE:   Daily Kos: Romney campaign busing in Mormons from D.C. to make crowds. WOW..

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Ron Paul Says Aide Who Died With $400k Medical Bill Didn’t Need Government Help

How can people be so blind- and so cruel?

I guess it’s easy to be hard….

Ron Paul told TPM on Wednesday that even if there’s a “case or two” that makes Americans uncomfortable, the government should stay out of the health care business. Even if one of the cases in question is his former campaign manager, Kent Snyder, who died with $400,000 in unpaid medical bills after being unable to secure health insurance due to a pre-existing condition.

via Ron Paul Says Aide Who Died With $400k Medical Bill Didn’t Need Government Help | Election 2012.

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Why Republicans Might Demand Hurricane Relief Be Paid For With More Program Cuts

I do hope people are paying attention to these Republicans.  Some of them are even arguing the Federal Government should have NO role in disaster cleanup and that it’s a “state” issue.

I somehow don’t think most Americans- and even Republican Governors- will agree with that stance.

This is unheard of-debating whether we can afford to respond to natural disasters. And frankly, I think, totally contrary to the “American” and “Christian” principles of “helping your neighbor” these guys traditionally espouse.

It will be interesting to see how this plays out…..

From TalkingPointsMemeo.com:

When a massive tornado obliterated the town of Joplin, Missouri earlier this year, House Majority Leader Eric Cantor (R-VA) told reporters that if the disaster ultimately required the government to step in and provide aid, it would have to be offset by cutting spending on other federal programs.

“If there is support for a supplemental, it would be accompanied by support for having pay-fors to that supplemental,” he said, using the anodyne language of budget policy.

Three months later, when a modest earthquake struck the town of Mineral, Virginia in his own district, and caused minor, but widespread damage along the eastern seaboard, Cantor upheld the standard. Congress, he said, “will find the monies” to help victims, but that “those monies will be offset with appropriate savings or cost-cutting elsewhere.”

Now, in the wake of Hurricane Irene — a much costlier natural disaster — Cantor may make the same demand, which could touch off a bitter fight on Capitol Hill.

“We aren’t going to speculate on damage before it happens, period,” his staff told me Thursday when I asked about the impending storm. “But, as you know, Eric has consistently said that additional funds for federal disaster relief ought to be offset with spending cuts.”

This is a big problem. The budget is already stretched very thin, and even Cantor has asked his members not to provoke another fight about cutting spending beyond its already agreed-upon levels. And if clean-up costs reach into the billions, paying for it by cutting spending will damage other important services, despite the fact that the usual standard is to not use natural disasters as political bargaining chips.

Three things are going on here by my count. First, Republicans have learned an obvious lesson since they retook the House — that they can control the agenda in Washington, and put popular government programs under attack, if and only if they have some leverage over Democrats to play along. The government shutdown fight in April was their first victory. The debt limit showdown was their piece de resistance.

Second, there are political pitfalls to this approach, particularly when it requires Republicans to publicly stake out specific positions. Cutting government spending might focus group well, but privatizing Medicare does not, as Republicans learned quite painfully earlier this year. This augurs for slashing spending in nebulous ways — capping discretionary spending, and spreading the cuts out across myriad federal programs; or promising to “find monies” in the budget to offset new expenses. Death by a thousand, invisible cuts.

Third, the right flank of the Republican party expects no less. In 2005, after Hurricane Katrina devastated southern Louisiana, Cantor’s predecessor, Rep. Tom DeLay (R-TX) claimed Republicans had pared discretionary spending back enough that federal aid could be financed with new debt. He came under attack from members of his own party and quickly reversed himself. Looks like Cantor learned his lesson.

But it’s a difficult line to walk. Part of what made Republican victories in the shutdown and debt limit fights plausible was a logical veneer that doesn’t exist here. “We spend too much money on government programs,” Republicans basically argued, “so we won’t fund the government unless we impose discipline.” Another line was, in effect: “The national debt has skyrocketed, so we won’t allow the government to incur more of it unless steps are taken to hold down its growth.” When you drilled into these arguments, they crumbled, but at a glance they were quite plausible.

That’s not the case after a natural disaster. And if there’s a loud cry for federal aid once the damage is assessed, Cantor’s position will probably prove unsustainable.

via Why Republicans Might Demand Hurricane Relief Be Paid For With More Program Cuts | TPMDC.

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Is Rick Perry Gay? Googlers Want to Know

Seems like lots of people are asking this on Google….

The rumors have been around for years, but no proof….

If you want to read the unsubstantiated rumors, you can Google them yourselves…

Seems like everyone else is….

You can bet the media will be digging into this again…

Especially since he is so publicly, vehemently anti-gay….

Time will tell….

From Tech President (interesting chart if you click the link):

The top search phrase for the query “Is Rick Perry…” is “Is Rick Perry Gay,” Google Suggest tells us.

via Is Rick Perry Gay? Googlers Want to Know | techPresident.

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