Showing posts with label Bain Capital. Show all posts
Showing posts with label Bain Capital. Show all posts
Friday, October 26, 2012
Bain Capital wants to silence 'Bainport'
The situation is reaching fever pitch at the Sensata factory in Freeport, Illinois. Not only is Mitt Romney's Bain Capital shipping 170 American jobs to China, as we've reported on The Ed Show, but they're now trying to crush the workers' free speech rights.
Tuesday, October 16, 2012
Mary Jo Lost Her Job Because of Bain Capital. She's Got a Few Words for Mitt Romney.
Sensata worker Mary Jo lost her job due to Bain's outsourcing to China. She's got a question for Mitt Romney.
Monday, October 15, 2012
CORRUPTION: Bain-Controlled Company Owns 2012 Voting Machines
Vote counting company Hart Intercivic, whose machines have famously failed in the past, is tied to Mitt Romney and Bain Capital.
Friday, October 5, 2012
Revealed: Romney’s Bain Capital Invested in Grotesque Chinese Sweatshop, Detailed at Boca Raton Fundraiser | Alternet
Revealed: Romney’s Bain Capital Invested in Grotesque Chinese Sweatshop, Detailed at Boca Raton Fundraiser | Alternet
"Republicans like to paint Romney as an entrepreneur whose activities at Bain Capital have benefited Americans. In a campaign full of whoppers, that’s one of the biggest lies of all."
"Republicans like to paint Romney as an entrepreneur whose activities at Bain Capital have benefited Americans. In a campaign full of whoppers, that’s one of the biggest lies of all."
Thursday, September 13, 2012
The Bain Way: Let the States Pick Up the Tab on National Debt?
The Bain Way: Let the States Pick Up the Tab on National Debt?
"Romney has had one major business experience - founding and running a private equity firm called Bain Capital, something very different than his father, who ran a car company. In the past several weeks there have been two detailed investigative stories on how he ran his private equity firm, and there has been much discussion in the media on how he ran his business differently than others: It has been dubbed, "The Bain Way"."
"Romney has had one major business experience - founding and running a private equity firm called Bain Capital, something very different than his father, who ran a car company. In the past several weeks there have been two detailed investigative stories on how he ran his private equity firm, and there has been much discussion in the media on how he ran his business differently than others: It has been dubbed, "The Bain Way"."
Wednesday, September 12, 2012
What the Bain way would mean for America
Lawrence O'Donnell talks with Matt Taibbi of Rolling Stone, about his article that examines how Mitt Romney and Bain Capital really operated, and how those business practices destroyed jobs.
Sick Money: How Mitt Romney's Bain Investments Are Exploding the Deficit and Harming Our Health | Alternet
Sick Money: How Mitt Romney's Bain Investments Are Exploding the Deficit and Harming Our Health | Alternet
"Few individuals or organizations have been as influential as Mitt Romney and Bain Capital in worsening our runaway healthcare costs, causing unnecessary suffering, or accelerating our government's long-term deficit problem. Their highly leveraged investment strategy puts healthcare companies under enormous pressure to increase revenue. They often respond by overbilling -- or worse, by encouraging unnecessary medical treatments that can include anything from non-invasive tests to heart surgery."
"Few individuals or organizations have been as influential as Mitt Romney and Bain Capital in worsening our runaway healthcare costs, causing unnecessary suffering, or accelerating our government's long-term deficit problem. Their highly leveraged investment strategy puts healthcare companies under enormous pressure to increase revenue. They often respond by overbilling -- or worse, by encouraging unnecessary medical treatments that can include anything from non-invasive tests to heart surgery."
Tuesday, September 11, 2012
Greed and Debt: The True Story of Romney and Bain Capital | Common Dreams
Greed and Debt: The True Story of Romney and Bain Capital | Common Dreams
""By making debt the centerpiece of his campaign, Romney was making a calculated bluff of historic dimensions – placing a massive all-in bet on the rank incompetence of the American press corps. The result has been a brilliant comedy. A man makes a $250 million fortune loading up companies with debt and then extracting million-dollar fees from those same companies, in exchange for the generous service of telling them who needs to be fired in order to finance the debt payments he saddled them with in the first place. That same man then runs for president riding an image of children roasting on flames of debt, choosing as his running mate perhaps the only politician in America more pompous and self-righteous on the subject of the evils of borrowed money than the candidate himself. If Romney pulls off this whopper, you'll have to tip your hat to him: No one in history has ever successfully run for president riding this big of a lie. It's almost enough to make you think he really is qualified for the White House."
""By making debt the centerpiece of his campaign, Romney was making a calculated bluff of historic dimensions – placing a massive all-in bet on the rank incompetence of the American press corps. The result has been a brilliant comedy. A man makes a $250 million fortune loading up companies with debt and then extracting million-dollar fees from those same companies, in exchange for the generous service of telling them who needs to be fired in order to finance the debt payments he saddled them with in the first place. That same man then runs for president riding an image of children roasting on flames of debt, choosing as his running mate perhaps the only politician in America more pompous and self-righteous on the subject of the evils of borrowed money than the candidate himself. If Romney pulls off this whopper, you'll have to tip your hat to him: No one in history has ever successfully run for president riding this big of a lie. It's almost enough to make you think he really is qualified for the White House."
Friday, September 7, 2012
Sunday, September 2, 2012
Mitt Romney's Federal Bailout; Bain Investigated for Tax Evasion
Mitt Romney's Federal Bailout; Bain Investigated for Tax Evasion
"Mitt Romney may not "apologize" for his success in business, but more importantly, you'll also likely never hear him say "thanks" to the American people for the Federal bailout of Bain Capital."
"Mitt Romney may not "apologize" for his success in business, but more importantly, you'll also likely never hear him say "thanks" to the American people for the Federal bailout of Bain Capital."
Saturday, September 1, 2012
PERRspectives: How We Built Bain Capital
PERRspectives: How We Built Bain Capital
"As it turns out, the silence about Mitt Romney's old company and the Republican sham that "you didn't build it" are related. Because when it comes to Bain Capital, in a very real sense you did build it. After all,your United States tax code doesn't merely allow the "carried interest exemption" that enables the likes of Mitt Romney to pay a lower rate than many middle class families. Without the public subsidy that is thecorporate debt interest deduction, there might not be a Bain Capital--or a private equity industry as we know it--at all."
"As it turns out, the silence about Mitt Romney's old company and the Republican sham that "you didn't build it" are related. Because when it comes to Bain Capital, in a very real sense you did build it. After all,your United States tax code doesn't merely allow the "carried interest exemption" that enables the likes of Mitt Romney to pay a lower rate than many middle class families. Without the public subsidy that is thecorporate debt interest deduction, there might not be a Bain Capital--or a private equity industry as we know it--at all."
Romney’s Former Company Under Investigation For Tax Evasion
Romney’s Former Company Under Investigation For Tax Evasion: Bain Capital, the private equity firm founded by presidential candidate Mitt Romney, is under investigation for questionable tax practices, according to the New York Times. Since July, New York Attorney General Eric Schneiderman has been issuing subpoenas to private equity firms including Bain, which he believes intentionally changed management fees into capital gains as a [...]/p
Thursday, August 30, 2012
Greed and Debt: The True Story of Romney and Bain Capital | Common Dreams
Greed and Debt: The True Story of Romney and Bain Capital | Common Dreams
"By making debt the centerpiece of his campaign, Romney was making a calculated bluff of historic dimensions – placing a massive all-in bet on the rank incompetence of the American press corps. The result has been a brilliant comedy: A man
"By making debt the centerpiece of his campaign, Romney was making a calculated bluff of historic dimensions – placing a massive all-in bet on the rank incompetence of the American press corps. The result has been a brilliant comedy: A man
makes a $250 million fortune loading up companies with debt and then extracting million-dollar fees from those same companies, in exchange for the generous service of telling them who needs to be fired in order to finance the debt payments he saddled them with in the first place. That same man then runs for president riding an image of children roasting on flames of debt, choosing as his running mate perhaps the only politician in America more pompous and self-righteous on the subject of the evils of borrowed money than the candidate himself. If Romney pulls off this whopper, you'll have to tip your hat to him: No one in history has ever successfully run for president riding this big of a lie. It's almost enough to make you think he really is qualified for the White House."
Monday, August 27, 2012
HuffPost: Romney asserted active role in Bain to claim half-million dollar tax deduction in 2010
HuffPost: Romney asserted active role in Bain to claim half-million dollar tax deduction in 2010
"In other words, if Romney's deduction was legal, it means his claim to have had no involvement with Bain after February of 1999 was pure fiction, because as late as 2010, he claimed more than $500,000 in expenses related to his Bain investments. Of course, if it wasn't legal, Romney has other problems."
"In other words, if Romney's deduction was legal, it means his claim to have had no involvement with Bain after February of 1999 was pure fiction, because as late as 2010, he claimed more than $500,000 in expenses related to his Bain investments. Of course, if it wasn't legal, Romney has other problems."
Saturday, August 25, 2012
U.S.-Funded War in El Salvador Casts Shadow over Romney/Ryan Campaign
U.S.-Funded War in El Salvador Casts Shadow over Romney/Ryan Campaign
"Even if Romney can distance himself from the death squad-linked Salvadoran investors that provided the seed money for his vast wealth, Ryan's political upbringing and his being mentored by a man of Abrams' pedigree makes it clear that the tragedies of El Salvador's civil war and this dark chapter in U.S. history will continue to cast a shadow over the Romney - Ryan campaign."
"Even if Romney can distance himself from the death squad-linked Salvadoran investors that provided the seed money for his vast wealth, Ryan's political upbringing and his being mentored by a man of Abrams' pedigree makes it clear that the tragedies of El Salvador's civil war and this dark chapter in U.S. history will continue to cast a shadow over the Romney - Ryan campaign."
Romney’s Blood Money » Counterpunch: Tells the Facts, Names the Names
Romney’s Blood Money » Counterpunch: Tells the Facts, Names the Names
"Recent revelations about Mitt Romney’s highly profitable company Bain Capital help connect the dots between offshore tax shelters, shady investors; and the role that ill-gotten gains plays in today’s casino-like finance capital.
"Recent revelations about Mitt Romney’s highly profitable company Bain Capital help connect the dots between offshore tax shelters, shady investors; and the role that ill-gotten gains plays in today’s casino-like finance capital.
Both the Los Angeles Times and Huffington Post published investigations in the last month showing that over a third of the $37 million raised by Romney to launch Bain Capital in the mid-1980s came from rich Latin Americans, the bulk of it from Salvadoran families linked to death squads."
Friday, August 24, 2012
Tax experts find shady, possibly illegal, dealings in documents related to Romney's Bain investments
Tax experts find shady, possibly illegal, dealings in documents related to Romney's Bain investments
"As if there weren't enough reason to demand that Romney show us his tax returns, the Bain documents show the kinds of things that such disclosure might shed some light on. And these are, of course, just what one website has been able to get its hands on."
"As if there weren't enough reason to demand that Romney show us his tax returns, the Bain documents show the kinds of things that such disclosure might shed some light on. And these are, of course, just what one website has been able to get its hands on."
Mitt Romney 13.0: Bain is back
Mitt Romney 13.0: Bain is back
"Romney also doesn't explain how his experience at Bain creating companies domiciled in the Caymans would help regular Americans, nor does he make the case for why his experience building an IRA with more than $100 million in it makes him the right guy to reform our broken tax code. I'm sure that Mitt Romney didn't want to revive those issues by bringing Bain back into the conversation. But he did."
"Romney also doesn't explain how his experience at Bain creating companies domiciled in the Caymans would help regular Americans, nor does he make the case for why his experience building an IRA with more than $100 million in it makes him the right guy to reform our broken tax code. I'm sure that Mitt Romney didn't want to revive those issues by bringing Bain back into the conversation. But he did."
Sunday, August 19, 2012
Bain Capital's Link To OpSec Smears
Bain Capital's Link To OpSec Smears
"You knew there had to be one. When you've got the worst candidate on the planet running for President, there's only one thing left to do. Pull out the corporate mudslingers and start tossing it all over the place."
"You knew there had to be one. When you've got the worst candidate on the planet running for President, there's only one thing left to do. Pull out the corporate mudslingers and start tossing it all over the place."
Thursday, August 16, 2012
U.S.-Funded War in El Salvador Casts Shadow over Romney/Ryan Campaign
U.S.-Funded War in El Salvador Casts Shadow over Romney/Ryan Campaign
"Amidst reports that Mitt Romney launched Bain Capital with funds from investors tied to 1980s Salvadoran death squads, his new running mate Rep. Paul Ryan (R-WI) is getting foreign policy briefings from a man who actively covered-up some of the worst atrocities committed by those same death squads. The GOP's vice-presidential candidate also earned his political stripes working under neoconservative Republicans who funneled billions in U.S. aid to those military hitmen. Though the war in El Salvador was just one chapter in history, Romney and Ryan's relationship with that war may provide a snapshot into their worldview."
"Amidst reports that Mitt Romney launched Bain Capital with funds from investors tied to 1980s Salvadoran death squads, his new running mate Rep. Paul Ryan (R-WI) is getting foreign policy briefings from a man who actively covered-up some of the worst atrocities committed by those same death squads. The GOP's vice-presidential candidate also earned his political stripes working under neoconservative Republicans who funneled billions in U.S. aid to those military hitmen. Though the war in El Salvador was just one chapter in history, Romney and Ryan's relationship with that war may provide a snapshot into their worldview."
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