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Thread: Mitt Romney profited $4M from Federal bailouts while laying off his workers

  1. #1

    Mitt Romney profited $4M from Federal bailouts while laying off his workers

    The Bain of Mitt Romney’s campaign
    “The way the company was rescued was with a federal bailout of $10 million,” the ad says. “The rest of us had to absorb the loss … Romney? He and others made $4 million in this deal. … Mitt Romney: Maybe he’s just against government when it helps working men and women.”
    Here is the 1994 Kennedy attack ad:

    Put another way:
    (source)

    Mitt Romney became rich working for Bain Capital. This has been a plus for Romney in the Republican primaries where the grassroots tend to be dominated by people who love capitalism and the free market. However, in a year when Obama will be running a populist campaign and Occupy Wall Street is demonizing the "1%," Mitt Romney will be a TAILOR MADE villain for them. Did you know that Bain Capital gutted companies and made a lot of money, in part, by laying off a lot of poor and middle class Americans? Do you know that Bain Capital got a federal bailout and Mitt Romney made lots of money off of it?
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  3. #2
    Opposition Candidate Research Threads for 2016: Donald Trump | Rick Santorum | Jeb Bush | Rick Perry | Marco Rubio | Ben Carson | Chris Christie | Scott Walker | Mike Huckabee | Paul Ryan | Ted Cruz | Bobby Jindal | Carly Fiorina | Hillary Clinton | Bernie Sanders | Elizabeth Warren | Jim Webb | Gary Johnson

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  4. #3
    Romney Got $10 Million Federal Bailout at Bain

    Mitt Romney received a $10 million bailout from the Federal Deposit Insurance Corp. in 1991, an event that runs contrary to the multimillionaire’s current anti-bailout position.

    Documents obtained by the Boston Globe show that the FDIC negotiated a $10 million forgiveness with Bain & Co. while Romney was chairman and CEO in 1993.
    Opposition Candidate Research Threads for 2016: Donald Trump | Rick Santorum | Jeb Bush | Rick Perry | Marco Rubio | Ben Carson | Chris Christie | Scott Walker | Mike Huckabee | Paul Ryan | Ted Cruz | Bobby Jindal | Carly Fiorina | Hillary Clinton | Bernie Sanders | Elizabeth Warren | Jim Webb | Gary Johnson

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  5. #4
    "When Mitt Romney Came To Town"



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  6. #5
    Opposition Candidate Research Threads for 2016: Donald Trump | Rick Santorum | Jeb Bush | Rick Perry | Marco Rubio | Ben Carson | Chris Christie | Scott Walker | Mike Huckabee | Paul Ryan | Ted Cruz | Bobby Jindal | Carly Fiorina | Hillary Clinton | Bernie Sanders | Elizabeth Warren | Jim Webb | Gary Johnson

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  7. #6
    Yea, he basically pocketed millions that the FDIC threw at him, while only giving some of those funds back to creditors. F'ing joke these people are and its sad his supports obviously don't have a clue about the things. They need to wake the hell up already.

  8. #7

  9. #8
    WHOA. This is old, but it's a HUGE find for the current political atmosphere. Not only did Bain get a federal bailout, but Romney PERSONALLY pocketed a significant amount of it?!? Does anyone know what his stake in Bain was at the time?
    Last edited by Mini-Me; 01-12-2012 at 10:24 PM.
    Quote Originally Posted by President John F. Kennedy
    And we must face the fact that the United States is neither omnipotent nor omniscient. That we are only 6% of the world's population, and that we cannot impose our will upon the other 94% of mankind. That we cannot right every wrong or reverse each adversity, and that therefore there cannot be an American solution to every world problem.
    I need an education in US history, from the ground up. Can you help point me to a comprehensive, unbiased, scholarly resource?



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  11. #9
    Wow this needs to be in the spotlight.

  12. #10
    Quote Originally Posted by rambone View Post
    "When Mitt Romney Came To Town"
    Thanks for the videos. I always had a gut feeling that 'they' wanted Mitt ever since his weird pull out from the last election. This sort of clarifies the why. Obama became the face for invasive legislation where discussion is ended on the basis of racism, no matter how illogical the connection may be to the argument that the legislation is bad. Mitt is the clean up man. He will parcel out what is left with legislation in place under Obama to keep any dissidents in check.

    Darden has done similar things to the food industry in its consolidation tactics. This is how dh and I ended up in Ohio. The anger from those who are used to a family run business with a goal of quality as opposed to quantity was very eerily similar to what we were hearing from those who spoke out when Darden took over at one particular group of restaurants in the Atlanta area. (DH was a printer for the company that serviced them)

    Bigger is not always better.
    We will be known forever by the tracks we leave. - Dakota


    Go Forward With Courage

    When you are in doubt, be still, and wait;
    when doubt no longer exists for you, then go forward with courage.
    So long as mists envelop you, be still;
    be still until the sunlight pours through and dispels the mists
    -- as it surely will.
    Then act with courage.

    Ponca Chief White Eagle



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