Posted on 01/12/2012 2:00:36 AM PST by Cincinatus' Wife
Former Republican vice-presidential candidate Sarah Palin has called for Gov. Mitt Romney to release his tax returns, as well as the data that could substantiate his claim of having created 100,000 jobs as CEO of Bain Capital.
Romney has resisted releasing his tax returns, and his campaign has thus far refused to provide the hard proof to back up his claims about Bain.
“Governor Romney has claimed to have created 100,000 jobs at Bain, and people are wanting to know: is there proof?” Palin told Sean Hannity on Fox News.
Rick Tyler, former Gingrich aide and head of Newt Gingrich’s Super PAC, has already accused Romney of having created those 100,000 jobs in Asia and Mexico. Earlier this week, Big Government pointed out that Romney’s claim to have created 100,000 jobs contrasts with claims he made during his 1994 U.S. Senate campaign, when he claimed to have created 10,000 jobs at Bain. Romney retired from Bain Capital in 1999.
Palin said that Romney needed to come clean about his record, given the likelihood that Democrats would probe the tax issue and Romney’s tenure at Bain if he were to become the Republican nominee.
The former Alaska governor also told Hannity that she did not think it was inevitable that Romney would become the Republican nominee.
“The majority has not yet coalesced around one,” she said, adding that conservatives were still searching for the right “free market, pro-military” candidate to back.
He would fire 100 percent of the work force of the old companies and rehire a small fraction of the fired employees.
In a nutshell, he woulf have fired perhaps 400,000 people and rehire 100,000 of them.”
This is not at all how a company like Bain Capital operates. Bain has two lines of business: venture capital and private equity. The venture capital line invests in start-ups, the most successful of which was probably the office products supplier Staples. Many of these start-ups were, inevitably, failures but some were very successful. This line is where most of the “job creation” occurs. The private equity line invests in troubled or failing companies and tries to make them profitable. Even when this type of investment succeeds, job losses are almost always inevitable because a large part of the problem with such firms is that they have labor costs that are too high to support their profitable operation (too many workers and/or wages that are too high). The question raised by Romney's campaign claim and that Romney needs to answer clearly is this: did the venture capital line create 100,000 more jobs than the private equity line destroyed? Romney claimed in one of the recent debates that the 1000,000 figure was “net.”
Besides, it's not surprising to me that people on the East coast don't understand that crooks with no sense of why we are on this earth and no sense of right and wrong can be capitalists as well.
If that is the type of capitalist you are, then I hope you burn in h@LL..not be President. Capitalism needs a leash or it will fail..will it be a moral one or just government rules meant to be broken and worked around by "smart" people? You decide.
Never mind that he may not have broken any current laws at Bain..was it right for Romney to strip the assets from a company, leave his fellow Americans out of work and move those jobs to South America?
This is what is destroying capitalism and our freedom..amoral men calling themselves “good” businessmen.
And some may ask...why is it amoral to give those jobs to the South Americans and leave the US behind? Because backstabbing those who lifted you up, your parents and forefathers, is not just amoral, it begs restitution and correction from the furthest branch to the foundation. All of their ventures will die, and the leaf will be left with nothing because they killed the root.
In the end, scorched earth gains evolving the destruction of your own people is really nothing but a loss...and is the ultimate in stupid. Take your gold with you..but you have lost everything real in the process.
In the 2008 primaries, Rush did a lot of talking up Romney.
He did nothing but ridicule McCain.
I would say Rush is powerless to influence elections, and at the same time constrained by his overseers.
Exactly. Rush was speaking against McCain in the 2008 primaries.
All of the “right wing” pundits wanted Romney in 2008, as they do now. Sheep herding is their real occupation. O’Reilly is the most obvious..he can be counted on to take the leftist/socialist/big government position in the eleventh hour every time..never fails.
Why do you always coincidentally come out of the woodwork on the days when I’ve made particularly harsh, though accurate, posts against socialism?
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So much nonsense in one post....
You stated flat out that every candidate except Romney has already made his returns public - since you can't point to anything that supports that statement then I guess you just pulled that out of your ear.
You have no idea who my guy is and you cannot find a single post where I ever endorsed romney in any way.
You are a child.
Regarding your tagline - - -
I have the modest MSNTVII system (upgrade from WEBTV) - not a ‘real’ computer.
When my Spell-Check ‘sees’ Obama, OSama comes up! Swear. EVery time.
I know how a company like Bain works, if he’s being perfectly legal and moral. And, yes, cutting corporate driftwood or retail drift wood is perfectly moral, as having a company that has ten percent of its workforce and is viable is better than having no company and no workforce, because they were unwilling to make the hard decisions.
But some people here are suggesting that Bain did more than just corporate raiding, but that they were involved in shady areas.
I was only suggesting, if Bain wasn’t toeing the line, what they may have been up to.
I have a cousin who made a $2 million investment in Google...he is now worth nearly a billion.
Why does a business owner owe ANYONE a job? That is NOT Capitalism of any sort. It is Socialism. That is how we get to Spain, where it is ILLEGAL to fire most people and they lead the EU in unemployment.
It would be like Romney to say "I created 100,000 jobs...
...and neglect to add "in Asia and Mexico".
Good work by Sarah to call him out. She should endorse someone else ASAP.
Well said.
Poor and juvenile sarcasm does not negate my post of your deep ignorance.
Oh I profoundly apoligize, I should have recognized your superiority immediately. Which one of the Romney kids are you?
The reason I disagreed is that there are large numbers of posters on this forum that strenuously object with no evidence to anything that conflicts with their own beliefs or agendas - hence the shallowness charge - a worthy charge, I may add. I do admire the passion, but to throw out wild, wholly unsubstantiated charges smacks of desperation and immaturity.
Since McGavin can't have his candidate winning the primary, it is because of (place wildly ignorant charge in this space). A charge that can never be backed up. It's the same with polls. Many fervently embrace polls they agree with, then a week later, that same polling company has a different result and now it is because the pollster is corrupt, evil and biased. It actually is hysterical.
“One of Bain’s earliest and most notable venture investments was in Staples, Inc., the office supply retailer. The funding enabled Staples to expand from one store in 1986 to over 2000 stores in 2011.”
https://secure.wikimedia.org/wikipedia/en/wiki/Bain_Capital
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