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Greed and Debt: The True Story of Mitt Romney and Bain Capital
Rolling Stone Magazine ^ | September 13, 2012 | Matt Taibbi

Posted on 09/02/2012 10:29:39 AM PDT by tired&retired

How the GOP presidential candidate and his private equity firm staged an epic wealth grab, destroyed jobs – and stuck others with the bill.

The great criticism of Mitt Romney, from both sides of the aisle, has always been that he doesn't stand for anything. He's a flip-flopper, they say, a lightweight, a cardboard opportunist who'll say anything to get elected.

The critics couldn't be more wrong. Mitt Romney is no tissue-paper man. He's closer to being a revolutionary, a backward-world version of Che or Trotsky, with tweezed nostrils instead of a beard, a half-Windsor instead of a leather jerkin. His legendary flip-flops aren't the lies of a bumbling opportunist – they're the confident prevarications of a man untroubled by misleading the nonbeliever in pursuit of a single, all-consuming goal. Romney has a vision, and he's trying for something big: We've just been too slow to sort out what it is, just as we've been slow to grasp the roots of the radical economic changes that have swept the country in the last generation.

The incredible untold story of the 2012 election so far is that Romney's run has been a shimmering pearl of perfect political hypocrisy, which he's somehow managed to keep hidden, even with thousands of cameras following his every move. And the drama of this rhetorical high-wire act was ratcheted up even further when Romney chose his running mate, Rep. Paul Ryan of Wisconsin – like himself, a self-righteously anal, thin-lipped, Whitest Kids U Know penny pincher who'd be honored to tell Oliver Twist there's no more soup left. By selecting Ryan, Romney, the hard-charging, chameleonic champion of a disgraced-yet-defiant Wall Street, officially succeeded in moving the battle lines in the 2012 presidential race.

(Excerpt) Read more at rollingstone.com ...


TOPICS: Politics/Elections
KEYWORDS: bain; rolling; romney; stone
My friends are passing this Future Rolling Stone article around as anti-Romney progaganda. I need to tear this apart. You folks are great at analysis and I have used your comments successfully in debates/discussions many times in the past. Thanks for your thoughts.
1 posted on 09/02/2012 10:29:54 AM PDT by tired&retired
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To: tired&retired

Are printed copies of the RS free (as they should be)?


2 posted on 09/02/2012 10:33:56 AM PDT by Paladin2
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To: tired&retired
Greed and Debt

I'm confused. Is Bain Capital 15 trillion in debt?

3 posted on 09/02/2012 10:34:39 AM PDT by vbmoneyspender
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To: tired&retired
Wasn't it Comrade Obama and The Marxist Show who sang, “On The Cover Of The Rolling Stone?”

“We take all kind of pills and have all kind of the thrills and the boys won't leave us alone...”

4 posted on 09/02/2012 10:36:38 AM PDT by Happy Rain ("Who needs Michelle? The MSM keep Obama satisfied.")
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To: tired&retired

I can’t believe they are still publishing Rolling Stone. Most of us grew up and moved beyond that BS a long, long time ago.


5 posted on 09/02/2012 10:37:00 AM PDT by FlingWingFlyer (Had enough of the freaks running the show yet?)
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To: tired&retired

Being debt-free is obviously racist.


6 posted on 09/02/2012 10:37:00 AM PDT by Paladin2
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To: tired&retired

No doubt RS is a partisan, but it’s true that not everything connecting with Bain should be trumpeted as morally acceptable.


7 posted on 09/02/2012 10:37:31 AM PDT by jjotto ("Ya could look it up!")
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Comment #8 Removed by Moderator

To: tired&retired

RS is good as torn up to use in the event you do not have regular cat litter, to be the cat litter itself.


9 posted on 09/02/2012 10:38:27 AM PDT by Biggirl ("Jesus talked to us as individuals"-Jim Vicevich/Thanks JimV!)
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To: tired&retired

I know.... I need new friends!


10 posted on 09/02/2012 10:43:21 AM PDT by tired&retired
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To: tired&retired

Fannie & Freddie crashed the economy, not Bain.


11 posted on 09/02/2012 10:43:24 AM PDT by kenavi (Obama doesn't hate private equity. He wants to be it with our money.)
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To: tired&retired

Sometimes the best way to get a message through, is by using a political cartoon. This one fits.

http://assets.amuniversal.com/0c4f906083f3012f2fe000163e41dd5b?width=750.0


12 posted on 09/02/2012 10:43:48 AM PDT by DoughtyOne (Americans want what Americans always wanted: Better lives for families; little government authority.)
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To: tired&retired

Are those old dopes-smokers still publishing this rag? When the over-65 crowd passes on to their reward, let us hope that this Lefty mouthpiece will perish with them


13 posted on 09/02/2012 10:46:59 AM PDT by txrefugee
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To: tired&retired

Anxiously waiting for Matt Taibbi’s scathing takedown of Obama’s corrupt takeover of GM... which destroyed the pensions of school teachers. And Taibbi’s devasting article about leftist Paul Krugman’s work for Enron. And his truth-telling piece about George Soros hoarding billions of dollars that he made from insider trading, while the poor suffer. And.... (/Sarc)


14 posted on 09/02/2012 10:50:19 AM PDT by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
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To: tired&retired


This is a recent cover, in case you thought you were missing something.
15 posted on 09/02/2012 10:55:03 AM PDT by Thrownatbirth (.....Iraq Invasion fan since '91.)
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To: kenavi

“But what most voters don’t know is the way Mitt Romney actually made his fortune: by borrowing vast sums of money that other people were forced to pay back.” (Paid by others who purchased the excellent investments he made that were generating sufficient cash flow to pay the debt without taxpayer dollars.)


16 posted on 09/02/2012 10:55:47 AM PDT by tired&retired
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To: tired&retired
... self-righteously anal, thin-lipped, Whitest Kids U Know penny pincher who'd be honored to tell Oliver Twist there's no more soup left.

What I would tell my friends, if I had any friends inclined to read RS, is that when I got to this line in the 3rd paragraph I realized nothing that followed would be anything other than hyperbolic bullshit, and I found something better to do with my time. Then I would dare them to say exactly the same thing but substitute white for black, and then chastise them for being a racist pig. Lastly, I would ask them how much as a percentage of income they gave to charity, and wonder aloud how that compared to what the penny-pinching white boys gave.

17 posted on 09/02/2012 11:08:46 AM PDT by spodefly (This is my tag line. There are many like it, but this one is mine.)
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Comment #18 Removed by Moderator

To: tired&retired
A list of the evil investors in Bain Capital. These are horrible, horrible people and not to be trusted. They want to steal money, cause cancer in employees wives, move businesses off shore and crush the working man. Here they are:

Illinois Municipal Retirement Fund
Indiana Public Retirement Fund
Iowa Employees Retirement System
The Los Angles Fire and Police Pension System
Maryland State Retirement and Pension System
Public Employees Retirement System of Nevada
State Teachers Retirement System of Ohio
Pennsylvania State Employees Retirement System
Employees Retirement System of Rhode Island
San Diego County Employees Retirement Association
Teachers Retirement System of Texas
Tennessee Consolidated Retirement System

Endowment and foundations for Columbia, Princeton and Yale. Others include Cornell, Emory, MIT, Notre Dame and U of Pittsburgh. Then there is Purdue, University of California, University of Michigan, University of Virginia and University of Washington.

Other foundations include Charles Stewart Mott Foundation, Doris Duke Foundation, Metropolitan Museum of Art, the Ford Foundation, the Heinz Foundation ( see John Kerry) and the Oprah Winfrey Foundation.

California State Teachers Retirement System has pumped $1.25 Billion into Bain.

When asked about Bain Capital I answer that Oprah invests in Bain how can it be evil because Oprah is good? Or is Oprah evil now also? Ends argument.

19 posted on 09/02/2012 11:20:08 AM PDT by Kozy (Calling Al Gore)
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Comment #20 Removed by Moderator

To: tired&retired
It's jolting and probably extremely deceptive for him to write about essentially the same dynamic that Ayn Rand did in Atlas Shrugged as though it were something new, right down to Lenny Patnode, a latter day Eddie Willers. For someone who demands a rigorous intellectual spread sheet from his readers, he fails on the big ideas and the small details as well; for instance, Obama's big bundler Jonathan Lavine actually was hands-on at Ampad http://abcnews.go.com/blogs/politics/2012/05/top-obama-donor-tied-to-bain-layoffs/
21 posted on 09/02/2012 11:28:18 AM PDT by gusopol3
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To: tired&retired

What are you doing with leftie friends who read this rag?

You’re known by the company you keep, you know.


22 posted on 09/02/2012 11:33:28 AM PDT by Emperor Palpatine (I need a good stiff drink. How 'bout you?)
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To: jjotto

Morally acceptable?

What has Bain done that’s morally unacceptable? Or are you one of these idiot “Christian Socialists” like Huckabee and his ilk who secretly hate capitalism?

They’re a great company. Period.

Who’s side are you on?


23 posted on 09/02/2012 11:36:39 AM PDT by Emperor Palpatine (I need a good stiff drink. How 'bout you?)
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To: Thrownatbirth

SOMEBODY needs to go on a diet.......


24 posted on 09/02/2012 11:42:03 AM PDT by Emperor Palpatine (I need a good stiff drink. How 'bout you?)
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To: tired&retired; Kozy

Bwaah, I am an institutional investor who bought out Bain and lost money. I need Rolling Stone to speak up for me. I thought Bain was guara teeing my investment for life.


25 posted on 09/02/2012 11:54:07 AM PDT by kenavi (Obama doesn't hate private equity. He wants to be it with our money.)
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To: Emperor Palpatine

I am not on the side of devil-take-the-hindmost might-makes-right. Defending the morally indefensible ALWAYS leads to disaster.


26 posted on 09/02/2012 11:57:21 AM PDT by jjotto ("Ya could look it up!")
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To: tired&retired

Bain ripped Ampad to shreds and dumped the workers out of the street to find new jobs or die, while sucking up all their pension money. That’s just a fact. It’s what corporate raiders do. Not looking at WHY Ampad was vulnerable in the first place, however, is the giant cricket in this story. Outsourcing and giving all sorts of tax breaks to importers while jacking up an ocean of regulations and taxes within the US is what REALLY killed Ampad - Bain was just the scavenger tailing the end of the pack to attack the crippled.

Without the Rat & RINO wholesale sabotage of American business, companies like Bain would be far fewer, have to work far more ethically, or roam elsewhere in the world to stay alive.


27 posted on 09/02/2012 12:56:08 PM PDT by Talisker (One who commands, must obey.)
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To: tired&retired
My friends are passing this Future Rolling Stone article around as anti-Romney progaganda. I need to tear this apart. You folks are great at analysis and I have used your comments successfully in debates/discussions many times in the past. Thanks for your thoughts.

P.S. - I forgot to end my Post #27 by advising you to - therefore - ask your friends why Ampad was vulnerable to Bain in the first place.

28 posted on 09/02/2012 12:58:26 PM PDT by Talisker (One who commands, must obey.)
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To: tired&retired

This is the bastard that said he was glad Andrew Brietbart had died.....telll your liberal friends to take it bend over and.........!!!!!


29 posted on 09/02/2012 12:59:43 PM PDT by ontap
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To: Talisker

dumped the workers out of the street to find new jobs or die, while sucking up all their pension money...

....I’ll call BS on that! Fed regs fully protect all VESTED pension benefits, and NO money reverts to owners unless there is a surplus after the purchase of all earned pension benefits. Can’t happen any other way and hasn’t in my 30 years in the business.

ymmv


30 posted on 09/02/2012 1:21:53 PM PDT by ElectionInspector (Molon Labe...)
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To: tired&retired

A bump for later, as I can’t get through all this tripe in one meal!


31 posted on 09/02/2012 1:36:54 PM PDT by Noob1999 (Loose Lips, Sink Ships)
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To: Talisker
Meanwhile Staples is an American success story which created thousands of jobs, shareholder wealth and good & services needed by local businesses.

The successes far outweigh any failures.

32 posted on 09/02/2012 2:07:02 PM PDT by what's up
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To: tired&retired
So PRIVATE capital expended on the part of a company to take risks and incur debt is the same as mandating that EVERY TAXPAYER go into debt?

Uh...don't think so!

33 posted on 09/02/2012 2:13:25 PM PDT by what's up
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To: Noob1999
Don't neglect to read the first thread that was posted, by someone who found it "enlightening."
34 posted on 09/02/2012 3:35:04 PM PDT by 1rudeboy
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To: ElectionInspector

Another lie put out is about putting money in overseas accounts to avoid taxes. A U.S. Citizen or resident must pay U.S. income tax on foreign earnings as well, unless he already paid equal or greater tax overseas.


35 posted on 09/02/2012 4:17:27 PM PDT by kenavi (Obama doesn't hate private equity. He wants to be it with our money.)
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To: Talisker

Most people don’t know that Hillary Clinton was on the Board of Directors of WalMart for several years and exported more jobs than any other company in the USA. That’s why Charlie Trie and all the other illegal campaign contributors came in from China and then returned prior to being prosecuted.

That’s why WalMart flew Bill around to the primaries in their aircraft!

There is the biggest culprit.


36 posted on 09/02/2012 4:41:27 PM PDT by tired&retired
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To: 1rudeboy

Thanks for the link. I did three searches and it did not come up before I posted this.

I noticed in the other link that they were lambasting the poster for posting this article. I think that debunking the liberal propaganda is very important and welcome the input of the excellent minds here at FR, especially on days when I am feeling out of sorts and need to get my mind back on the track of thinking clearly.

I learn a lot here at FR and welcome the stimulating thoughts..... and even the sarcastic humor!


37 posted on 09/02/2012 9:17:09 PM PDT by tired&retired
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