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Keyword: bain

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  • Kerry Led Outsourcing Trade Mission to China

    07/15/2012 6:49:21 PM PDT · by gunsequalfreedom · 4 replies
    GoGov ^ | August 15, 2004 | Gogov
    Kerry Led Outsourcing Trade Mission to China. Ties to Boston Company Boasting Over 70 Outsourcing Projects John Kerry, who has made opposition to corporate outsourcing of U.S. jobs to places like China a major part of his presidential campaign, appears to have had major involvement with a Boston, Massachusetts company specializing in outsourcing of U.S. manufacturing and jobs. During the late 1990's, Kerry led at least one of the company's outsourcing trade missions to China, appearing for photos at a banquet in Beijing with representatives of Boston Capital & Technology and unidentified Chinese trade representatives. The exact date of the...
  • Durbin says Romney running from Bain 'like a scalded cat'

    07/15/2012 9:53:19 AM PDT · by Oldeconomybuyer · 20 replies
    MSNBC ^ | July 15, 2012 | By Tom Curry
    Democrats pressed their attack Sunday on Mitt Romney’s record as head of the investment firm Bain Capital in the 1990’s. Sen. Dick Durbin, D-Ill., the Senate majority whip, asked on NBC’s Meet the Press, “Why is Mitt Romney running away from his company, Bain Capital, like a scalded cat? Because there’s abundant evidence that under Bain Capital they were exporting American jobs to low-wage countries and he doesn’t want to be associated with it.” Defending Romney’s record at Bain Capital, Romney campaign advisor Ed Gillespie told NBC’s David Gregory that outsourcing – U.S. companies setting up foreign operations to replace...
  • Obama Took Cash From Bain Outsourcing Execs - Breitbart

    07/15/2012 3:50:18 AM PDT · by Las Vegas Dave · 16 replies
    breitbart.com ^ | 13July12 | Ben Sharipo
    Barack Obama’s campaign has been quick to rip Mitt Romney for his association with Bain Capital, which outsourced certain jobs during restructuring of companies. There’s only one problem: many of the very executives who were running Bain Capital during the 1999-2002 period now under media scrutiny donated to Obama’s presidential campaign. And Obama was more than happy to cash the checks. The same SEC form from February 2001 that lists Mitt Romney as “sole shareholder, sole director, Chief Executive Officer and President of Bain Capital … the controlling person of Bain Capital” also lists over a dozen other managing directors...
  • Romney... No More Mr. Nice Guy... (HAH!)

    07/15/2012 8:00:01 AM PDT · by dps.inspect · 19 replies
    7/15/12 | me
    How does Romney handle dirty campaign attack adds and whispered lies about who he is? (the purpose of which is to cause doubt in the minds of those willing to vote for Romney but not wanting to). I was working with my son-in-law and a few of his friends a few weeks back. I know those guys to be conservative to some degree or another... I wanted to razz them a little so I asked them, "so, are you guys voting for Obama again?" They, all at once, denounced that they had voted for him the first time and would...
  • Mitt and Matt: Fire the T Rex

    07/15/2012 6:31:32 AM PDT · by Jeanette Pryor · 3 replies
    Jeanette Pryor ^ | July 15, 2012 | Jeanette Pryor
    Matt Rhoades, Romney’s clever campaign manager, responded to insinuations that the Republican presidential candidate is a felon: “President Obama’s campaign hit a new low today when one of its senior advisers made a reckless and unsubstantiated charge to reporters about Mitt Romney that was so over the top that it calls into question the integrity of their entire campaign,” Rhoades said. “President Obama ought to apologize for the out-of-control behavior of his staff, which demeans the office he holds. Campaigns are supposed to be hard-fought, but statements like those made by Stephanie Cutter belittle the process and the candidate on...
  • Romney is NUTS To Keep Dancing to Obama's Bain Rap

    07/14/2012 6:20:23 AM PDT · by Reaganite Republican · 39 replies
    Reaganite Republican ^ | June 14, 2012 | Reaganite Republican
    GO ON THE OFFENSIVE against  this shameless fraud, DAMMIT! Let me make it real simple for you, Team Mittens: 1) Refuse to discuss any more issues related to Bain Capital. 2) Point-out publicly how the WaPo found Obama Bain claims dishonest, then review list of all Dems who find these attacks appalling. 3) Instigate a relentless new narrative re. how Obama is the most secretive (and hypocrital) president in US history... and demand immediate release of the below records: Actual PHYSICAL COPY OF long-form birth certificatePassport files, including dubious trip to PakistanUniversity of Chicago Law School scholarly articlesHarvard Law Review articlesHarvard Law School...
  • Romney interview with CBS News: Full transcript (Ownership vs Management of Bain Capital)

    07/13/2012 4:18:03 PM PDT · by xzins · 164 replies
    CBS ^ | 13 Jul 12 | Transcript
    On Friday, July 13, 2012, presumptive GOP presidential nominee Mitt Romney sat down for interviews with all five networks following several days of heightened criticisms over his time at the private equity firm Bain Capital. Romney defended his work there to CBS News chief political correspondent Jan Crawford, and said the president owes him an apology for his campaign's "reckless and absurd" accusations. Below is a transcript of the full interview. Video clips are also available at CBSNews.com. JAN CRAWFORD: Governor Romney, the Obama campaign is saying that you either committed a felony by lying to the SEC or you...
  • Team Obama: No, We Won't Apologize for Falsely Suggesting Romney's a Felon

    07/13/2012 6:01:38 PM PDT · by Kaslin · 38 replies
    Townhall.com ^ | July 13, 2012 | Guy Benson
    Raise your hand if you're surprised by this.  Dishonorable people behave dishonorably (click through for video):   Ed Schultz, MSNBC: "Now the Romney campaign wants President Obama to apologize for Stephanie Cutter's remarks, you heard earlier, we played on that conference call about Mitt Romney either being a liar or a potential felon. Will there be an apology?" Ben LaBolt, Obama campaign press secretary: "There won't be. You know, Mitt Romney has been telling voters, since he ran for office in Massachusetts, that he left Bain in 1999. And the Boston Globe reported today that that wasn't true. Actually, that's...
  • The Only Ones Who Care About When Romney Left Bain...

    07/13/2012 4:26:16 PM PDT · by The Looking Spoon · 18 replies
    The Looking Spoon ^ | 7-13-12 | The Looking Spoon
  • Documents: Romney didn't manage Bain funds

    07/13/2012 7:31:29 AM PDT · by Qbert · 17 replies
    Fortune (CNN) ^ | July 12, 2012 | Dan Primack
    FORTUNE -- Mitt Romney did not manage Bain Capital's investments after leaving to run the Salt Lake City Olympic Games, according to confidential firm documents obtained by Fortune. The timing of Romney's departure from Bain became a lightning rod earlier today, when The Boston Globe published an article suggesting that Romney remained actively involved with the firm longer than he and his campaign have claimed. The sourcing is largely SEC documents that list Romney as Bain Capital's CEO and sole shareholder through 2002 -- or three years after Romney officially left to run the Salt Lake City Olympic Games. These claims...
  • Democrats Now Claiming Romney Lied About His Bain Departure, Facts Disagree

    07/12/2012 7:15:59 PM PDT · by tsowellfan · 19 replies
    With millions out of work, the American growth and jobs pictures dimming, the cost of healthcare skyrocketing, and the national debt spiraling out of control, Democrats are exhibiting some rather strange priorities. On a policy level, they're fixated on raising taxes on nearly one million small businesses (while blocking votes on their own party's proposals) in order to fuel class divisions. On a political level, they're obsessed with baselessly speculating about Mitt Romney's foreign investments (while blithely ignoring their own) and lying about his non-existent role in Bain Capital's supposed "outsourcing" (even amidst revelations that $29 billion in Obama "stimulus"...
  • The Boston Globe Gets its ‘Romney Stayed At Bain’ Story Wrong (FactCheck: Obama's claims "all wet")

    07/12/2012 11:45:37 AM PDT · by Qbert · 17 replies
    PJM ^ | 7/12/2012 | Bryan Preston
    Today the Boston Globe reports that it has discovered that Mitt Romney stayed at Bain Capital three years longer than he has stated. The Globe bases its report on government documents that bear Romney’s name, but the Globe is apparently confused about what the documents mean. It’s common knowledge that Mitt Romney joined the Salt Lake City Olympic Committee in 1999. The story of Romney’s ultimately successful efforts to turn that Olympics around, avoiding disaster and finishing strong with a gangbusters winter games in 2000, forms the backbone of Romney’s fix-it man resume. Very few could have stepped in as...
  • Obama Campaign: Romney A Liar, Potential Criminal (Chicago Thugs At Work)

    07/12/2012 10:06:34 AM PDT · by nhwingut · 27 replies
    Buzz Feed ^ | 07/12/2012 | Rosie Gray
    Obama deputy campaign manager Stephanie Cutter suggested that Mitt Romney may be a criminal on a conference call with reporters this morning about a Boston Globe report that shows that Romney stayed at Bain Capital three years past when he said he'd left. Cutter said that there were two ways to interpret the story. The first: Mitt Romney was "misrepresenting his position" at Bain to the Securities and Exchange Commission, "which is a felony." Or, he was "misrepresenting his position at Bain to the American people. If that’s the case, if he was lying to the American people, that’s a...
  • BAIN ATTACKS STILL NOT WORKING

    07/10/2012 6:27:12 PM PDT · by MrChips · 7 replies
    Hot Air ^ | 7/10/2012 | Ed Morrissey
    Two analyses from the flawed WaPo/ABC poll, as well as spending in swing states, deliver grim news to Team Obama this morning. Their main line of attack in which they hope to paint Mitt Romney as an uber-rich vampire capitalist clearly isn’t moving the needle among voters — and that’s true despite an overwhelming spending advantage Barack Obama has enjoyed in the early going. Unless they can come up with a better argument, Romney’s fundraising will shortly put them in a very big hole. . . .
  • CNN’s Candy Crowley Grills Obama Advisor Over Anti-Romney Attacks Rated False

    07/08/2012 9:17:10 AM PDT · by Nachum · 17 replies
    Mediaite ^ | 7/8/12 | Josh Feldman
    On CNN’s State of the Union today, Candy Crowley grilled Obama campaign advisor and former White House Press Secretary Robert Gibbs on a recent attack ad released hitting Mitt Romney for outsourcing. Crowley ran the ad, pointing out that The Washington Post rated it false (“four Pinocchios”), and challenged Gibbs to explain why this is still being used as a line of attack against Romney. RELATED: Romney Seeks Formal WaPo Retraction For Bain Capital Outsourcing Story (UPDATE) Crowley also cited a more recent ad where the Obama campaign cites a Washington Post article on the claim that Romney outsourced jobs...
  • Obama Ad Calls Romney 'The Problem' With Job Losses To China (FactCheck Calls BS)

    07/07/2012 5:05:59 PM PDT · by edpc · 31 replies
    ABC via Yahoo News ^ | 7 July 2012 | Devin Dwyer
    Undeterred by independent fact-checkers that have debunked the thrust of their claims, the Obama campaign is redoubling attacks on Mitt Romney as an "outsourcer" in a new TV ad airing in eight battleground states. The 30-second spot — titled "The Problem" — claims Romney condoned the Chinese "taking our jobs and taking a lot of our future." "He made a fortune letting it happen," the narrator says, focusing on Bain Capital outsourcing to China, a country Romney has vowed to challenge as president. It's the latest in a steady drumbeat of negative attacks on Romney's record as a corporate buyout...
  • Obama Is A Job-Outsourcing Hypocrite

    06/27/2012 6:51:55 PM PDT · by Kaslin · 12 replies
    IBD Editorials ^ | June 27, 2012 | Editor
    Politics: The president accuses his likely opponent of outsourcing jobs as his re-election campaign hires telemarketers in Canada and the Philippines. And what about GM in China and those electric cars built in Finland? After his attacks on Mitt Romney's involvement in the job-creating private equity firm Bain Capital failed to resonate with an underemployed America, President Obama has retooled his message somewhat. Now, after the Washington Post published a story about Bain's alleged role in outsourcing factory jobs overseas, he's blasting Republican nominee Mitt Romney as an "outsourcer in chief" and "outsourcing pioneer." He did so even as, the...
  • Romney to seek Washington Post retraction

    06/27/2012 11:01:03 AM PDT · by Free ThinkerNY · 27 replies
    Politico ^ | June 27, 2012 | DYLAN BYERS
    Mitt Romney campaign representatives will meet with The Washington Post today to seek a formal retraction of its June 21 report that Bain Capital invested in firms that specialized in outsourcing American jobs, POLITICO has learned. The representatives will meet with executive editor Marcus Brauchli and other senior Post staff at 2 p.m. today at the Post's offices in Washington. The group intends to argue that the Post's allegations against Bain Capital and the firms in question are either incomplete or inaccurate, sources familiar with the meeting say. Specifically, the group will argue that the Post misinterpreted the SEC filings...
  • Is Bill Clinton a Cain Mutiny Coward?

    06/12/2012 6:31:55 AM PDT · by Paladins Prayer · 15 replies
    The New American ^ | 11 June 2012 | Selwyn Duke
    If Dick Morris is right and Bill Clinton is like a solar panel — only warm and bright when the sun is shining — he has certainly been catching his share of rays recently with his defense of Mitt Romney’s record at Bain Capital. In case you missed it, the former President said in a CNN interview with Harvey Weinstein, “I don’t think we ought to get into the position where we say ‘This [Romney’s Bain endeavors] is bad work’ — this is good work”; he furthermore said that Romney had a “sterling business career” and “crosses the qualification threshold”...
  • Romney's Bain Capital Vs. Obama's Solyndra: Game On

    06/03/2012 1:25:37 PM PDT · by raptor22 · 1 replies
    IBD editorials ^ | June 3, 2012
    Industrial Policy: At the NATO Summit, President Obama said his opponent's private equity success vs. the administration's failed industrial policy was what this election was all about. Speaking at the bankrupt Solyndra headquarters, his GOP opponent agreed. It is said a picture is worth a thousand words. The photo of Mitt Romney holding a surprise press conference in front of the headquarters of the bankrupt solar energy firm Solyndra poster may just be worth a good portion of the 270 electoral votes needed for victory in November. "Two years ago President Obama was here to tout this building and this...
  • Bill Clinton hands Mitt Romney the Presidency

    06/03/2012 1:10:08 PM PDT · by Starman417 · 9 replies
    Flopping Aces ^ | 06-02-12 | DrJohn
    With friends like this.... If he could somehow get hold of his hair, Barack Obama would surely be pulling it out right now. Obama has made it clear that the direction for his re-election campaign is to attack Mitt Romney on Bain. Obama camp doubles down on Bain attacks (CBS News) Attempting to drive home the message that Mitt Romney is a corporate executive concerned with the bottom line and not American jobs, the Obama campaign released a new video on Monday attacking Romney and Bain Capital for laying off workers at an Indiana office supply factory. It's a loser....
  • Dreaming of a Superhero - Even Maureen Dowd has turned against Obama

    06/02/2012 10:07:51 PM PDT · by Beave Meister · 41 replies
    The New York Times ^ | 6/2/2012 | Maureen Dowd
    ON Friday night, the nation’s capital was under a tornado watch. And that was the best thing that happened to the White House all week. As the president was being slapped by Mitt Romney for being too weak on national security, he was being rapped by a Times editorial for being too aggressive on national security. A Times article by Jo Becker and Scott Shane revealed that the liberal law professor who campaigned against torture and the Iraq war now personally makes the final decisions on the “kill list,” targets for drone strikes. “A unilateral campaign of death is untenable,”...
  • Bill Clinton criticizes Obama’s Bain attacks, praises Romney’s ‘sterling business career’

    06/01/2012 8:39:50 AM PDT · by Justaham · 10 replies
    news.yahoo.com ^ | 6/1/12 | Holly Bailey
    Former President Bill Clinton suggested in a television interview Thursday that he believes President Obama's re-election campaign should stop trashing Mitt Romney's work in the private equity industry. In an interview with CNN's "Piers Morgan Tonight," Clinton, a top Obama surrogate who is set to raise cash with the president next week, directly contradicted Democrats who have attacked Romney's business record, suggesting it does qualify him for president. "I think he had a good business career," Clinton told guest host Harvey Weinstein, a movie mogul who is one of Obama's top fundraisers. "There's no question that in terms of getting...
  • Democrats squirm at Solyndra vs. Bain questions

    05/30/2012 5:46:45 PM PDT · by mandaladon · 15 replies
    The Daily Caller ^ | 30 May 2012 | Neil Munro
    Republicans are scoffing at Democrats’ attempts to explain why President Barack Obama’s failed green-tech investments are unimportant but Mitt Romney’s few failures at Bain Capital, an otherwise wildly successful private equity firm, are a scandal. Obama deputy campaign manager Stephanie Cutter tried out the new tactic during a May 30 appearance on MSNBC’s “Daily Rundown,” when she was asked about the president’s support for Solyndra. “The president’s not picking winners and losers, he’s making strategic investment to promote clean energy,” she said. “Mitt Romney’s role at Bain Capital was to make profits for his investors and for himself. … There...
  • Jay Carney explains the difference between Solyndra and Bain Capital, so try to keep up

    05/29/2012 3:43:37 PM PDT · by Nachum · 10 replies
    The Daily Caller ^ | 5/29/12 | Jim Treacher
    The job of the White House Press Secretary is simple: to answer questions from the press* without actually answering them. To form aloud words that are assembled into sentences and then stacked up into paragraphs, giving the appearance of communication, but without communicating. When this job is done well, some listeners might even believe that a few real answers have been given.** And then there’s Jay Carney. Here he is, presumably having just given the boilerplate non-answer on Solyndra — it’s really no big deal because hey, come on, there are winners and there are losers and that’s just the...
  • Gingrich's Defense of Bain Capital Far Superior to Anything You Ever Hear Coming from Romney

    05/28/2012 9:40:24 AM PDT · by Reaganite Republican · 30 replies
    Reaganite Republican ^ | May 28, 2012 | Reaganite Republican
    "How can you be the president with the worst  unemployment record since the Great Depression  -and pick a fight over job creation?  There's a point where this becomes ludicrous..." ___________________________________________________________________ "Bain as an issue doesn't work, because people look at it on balance... and they say 'wait a second -yeah- you can pick a couple companies that lost. You can pick a lot of companies that succeeded.' And as even as the governor of Massachusetts said last week, it is a good company." "This is going to fall flat on its face ... Obama picking a fight on the economy is probably...
  • (Lying, Hypocritical) Democratic leaders back Obama’s Bain strategy vs. Romney, acknowledge risks

    05/27/2012 5:12:06 PM PDT · by tobyhill · 10 replies
    WASHINGTON POST ^ | 5/27/2012 | By Amy Gardner and Philip Rucker
    After nearly two weeks of heated debate over whether President Obama should attack Republican Mitt Romney’s tenure at a private-equity firm, Democratic leaders across the country say they are largely united behind the strategy, even as some concede an uncertain outcome and new polls show Obama has lost ground nationally. The Democratic leaders, in numerous interviews over the last week, said they are hearing little or no resistance among the party faithful in their states to a strategy that Republicans have characterized as anti-capitalist. And Obama has no plans to back off; his campaign will roll out more stories in...
  • Obama Campaign Recovers Loot from Capitalist Pirates

    05/26/2012 12:47:26 PM PDT · by John Semmens · 2 replies
    Semi-News/Semi-Satire ^ | 26 May 2012 | John Semmens
    President Obama’s reelection campaign press secretary, Ben LaBolt rebuffed criticism that the campaign’s acceptance of donations from Bain Capital employees is hypocritical. Bain has been castigated by Obama for preying upon vulnerable businesses and looting them for selfish gain. Bain is the firm that GOP presidential candidate Mitt Romney worked for before he became governor of Massachusetts. “Those who don’t understand the President’s thinking imagine that he is inconsistently benefiting from the ill-gotten gains of those engaged in reprehensible conduct,” LaBolt said. “In reality, he is recovering this money, purifying it, and putting it to use is his crusade to...
  • The Real Scandal Is Obama's Public-Equity Ventures (Not Bain Capital)

    05/26/2012 6:32:50 AM PDT · by SeekAndFind · 9 replies
    IBD ^ | 05/26/2012 | By MARC A. THIESSEN
    Despite a growing backlash from his fellow Democrats, President Obama has doubled down on his attacks on Mitt Romney's tenure at Bain Capital. But the strategy could backfire in ways Obama has not anticipated. After all, if Romney's record in private equity is fair game, then so is Obama's record in public equity — and that record is not pretty. Since taking office, Obama has invested billions of taxpayer dollars in private businesses, including as part of his stimulus spending bill. Many of those investments have turned out to be unmitigated disasters — leaving in their wake bankruptcies, layoffs, criminal...
  • Bain Capital - Not Das Kapital!

    05/25/2012 2:38:27 PM PDT · by tcrlaf · 2 replies
    People's Cube ^ | 5-25-12 | Red Square
  • President Obama Won’t Be Returning His Donations From Bain Capital

    05/24/2012 6:21:21 PM PDT · by Free ThinkerNY · 7 replies
    politicker.com ^ | May 24, 2012 | Hunter Walker
    Though the Obama campaign has repeatedly attacked Mitt Romney for his career at Bain Capital, President Obama still accepted $7,500 in campaign contributions from three Bain executives. His campaign press secretary, Ben LaBolt told The Politicker the president has no intention of giving the money back. “No one aside from Mitt Romney is running for President highlighting their tenure as a corporate buyout specialist as one of job creation, when in fact, his goal was profit maximization,” said Mr. LaBolt. ”The President has support from business leaders across industries who have seen him pull the economy back from the brink...
  • Obama national co-chair works in private equity, like Romney

    05/24/2012 6:35:57 PM PDT · by mandaladon · 11 replies
    The Daily Caller ^ | 24 May 2012 | Neil Munro
    <p>One of President Barack Obama’s top campaign spokesmen is a private equity manager whose firm has shut down several factories and laid off hundreds of people amid a stalled economy.</p> <p>Federico Pena’s role at Vestar Capital Partners has emerged as Obama’s aides and deputies continue their effort to portray former Massachusetts Gov. Mitt Romney‘s investment career as ruthless, job-destroying, profit-maximizing “vulture capitalism.” Pena has been a partner at Vestar since 2000.</p>
  • Obama's Attack on Bain Capital Backfires: The President is Campaigning Against Profit

    05/23/2012 11:48:19 AM PDT · by Kaslin · 8 replies
    Rush Limbaugh.com ^ | May 23, 2012 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: This attack on Bain... I told you this was gonna happen. I told you this is why Obama wanted Romney. Way back during the Republican primaries I said Republicans are gonna nominate Romney. That's what Obama wants because of health care, and because of Wall Street. That's what Occupy Wall Street's about, going after Romney. And Obama has now come out and admitted it, that this campaign is gonna be about Bain Capital. It's backfiring everywhere you look, from Cory Booker to now Fast Eddie Rendell, governor of Pennsylvania All these Democrats are piping in, "Wait a...
  • For the first time in my adult life I believe Romney might beat Obama

    05/23/2012 6:53:35 PM PDT · by 2ndDivisionVet · 16 replies
    Legal Insurrection ^ | May 22, 2012 | Professor William A. Jacobson
    Why now? Because Team Obama is proving itself to be too smart by half, and too incompetent by three-quarters. There is a way to do Bain, but I’m done giving that advice. Rehashing old news, which already has been out for months, isn’t going to do the trick. (VIDEO AT LINK) Cory Booker stuck a fork in the balloon, putting Obama and AxelPlouffe on the defensive, but Booker didn’t say anything that already wasn’t percolating to the top anyway. Yet Think Progress already is going after Booker; they’re eating their own! And AxelPlouffe seems surprisingly tongue tied: (VIDEO AT LINK)...
  • Democrats balk at Obama campaign’s sustained attack on Bain Capital ('move forward')

    05/23/2012 2:22:50 AM PDT · by Libloather · 11 replies
    The Hill ^ | 5/22/12 | Cameron Joseph
    Democrats balk at Obama campaign’s sustained attack on Bain CapitalBy Cameron Joseph - 05/22/12 08:35 PM ET Some influential Democrats on and off Capitol Hill are refusing to give President Obama political cover for his attacks on Mitt Romney’s record at Bain Capital. Despite pushback from more than a half-dozen Democrats, the Obama campaign on Tuesday defended how it has scrutinized Romney’s business background. Sen. Dianne Feinstein (D-Calif.), a widely respected member of Congress, stopped short of criticizing the president, but made it clear that the campaign should pivot. “It’s done,” she said. “Go on to other things now.” Sen....
  • Did You Know That Obama’s Blackstone Backers Laid Off Over 800 People? Beck Explains

    05/22/2012 8:45:07 PM PDT · by Nachum · 4 replies
    The Blaze ^ | 5/22/12 | Glenn Beck
    Ironically, despite making Mitt Romney’s former company Bain Capital and other private equity firms the target of its latest attack, the Obama campaign held a near-$36,000 per plate fundraising dinner at the home of Tony James, president of the nation’s largest private equity firm, Blackstone Group. Citing the president’s latest Romney-hit-piece, Glenn Beck blasted the hypocrisy shown by the president when it comes to private equity firms. Obama’s condemnation of private equity hinges on the familiar narrative that the industry is renown for commandeering companies and slashing jobs, leaving untold numbers jobless — which is why it is doubly ironic...
  • Swinging at Bain, Obama Ignores What Private Equity Is

    05/22/2012 3:20:27 AM PDT · by tobyhill · 14 replies
    abc ^ | 5/22/2012 | By MATT NEGRIN
    Bain Capital has been used as a political weapon against Mitt Romney since 1994, but now his opponents might be rethinking ads about attacking him for his time at the private-equity firm as the ads are being criticized by some Democrats as well as Republicans. President Obama planned to set the political tone for the week with a new ad about an Indiana company that was bought by Bain and then shuttered, as the firm made millions of dollars and workers lost jobs. The biggest problem with the online video: Even Democrats say it attacks the business of private equity...
  • Obama raised most from private equity, hedge funds in 2008

    05/22/2012 7:59:16 AM PDT · by Sub-Driver · 3 replies
    Obama raised most from private equity, hedge funds in 2008 By Jonathan Easley - 05/22/12 09:52 AM ET President Obama raised far more cash from hedge fund and private equity donors than any other candidate in the 2008 election cycle. According to an analysis by the nonprofit group Open Secrets, Obama took in nearly $3.5 million from large private-equity donors that year — nearly twice what his general-election rival, Sen. John McCain (R-Ariz.), pocketed. The data bring into focus the thin line Obama must walk in attacking presumptive GOP presidential nominee Mitt Romney’s background in the industry, which has sparked...
  • Andrea Mitchell: Romney Has Been Getting A "Free Ride" From The Media (video)

    05/21/2012 7:40:32 PM PDT · by i88schwartz · 32 replies
    RealClearPolitics ^ | May 21, 2012 | RealClearPolitics
    NBC's Andrea Mitchell says the media has given Mitt Romney a "free ride" by not dwelling on how long it took for his former primary rivals to formally endorse him. Mitchell says the media has always laid off of examining Romney's record and the clash between the elements that make up the Republican party. "They believe that the Bain Capital record is their best argument against Mitt Romney," NBC's Andrea Mitchell said about the Obama campaign. "What you pointed out in your opening segment, and the lead in to the Cory Booker interview, was that the media have not really...
  • Booker Rips GOP For "Manipulating" His Remarks About Obama And Bain (video)

    05/21/2012 7:37:35 PM PDT · by i88schwartz · 5 replies
    RealClearPolitics ^ | May 21, 2012 | Ian Schwartz
    NBC's Andrea Mitchell says the media has given Mitt Romney a "free ride" by not dwelling on how long it took for his former primary rivals to formally endorse him. Mitchell says the media has always laid off of examining Romney's record and the clash between the elements that make up the Republican party. "They believe that the Bain Capital record is their best argument against Mitt Romney," NBC's Andrea Mitchell said about the Obama campaign. "What you pointed out in your opening segment, and the lead in to the Cory Booker interview, was that the media have not really...
  • Cory Booker And The Bain Of Obama's Existence

    05/21/2012 4:22:53 PM PDT · by Kaslin · 7 replies
    IBD Editorials ^ | May 21, 2012 | Editor
    Campaign 2012: Newark's mayor succumbs to administration thought control after going off-script and praising the private-equity firm that succeeded in creating net jobs, unlike presidential investment Solyndra. The White House must have had a bad case of the vapors when Newark Mayor Cory Booker, viewed in some quarters as a practical, non-ideological problem-solver, praised the record of Mitt Romney's former private firm Bain Capital, before a national audience on NBC's "Meet The Press," and eschewed attacks of a type he found "nauseating." "I have to just say from a very personal level, I'm not about to sit here and indict...
  • Bain Backfire: Obama Camp in 'Full Damage Control Mode'

    05/21/2012 5:08:15 PM PDT · by Nachum · 43 replies
    Breitbart ^ | 5/21/12 | John Nolte
    [Bain Capital] is not a distraction, this is what this campaign is gonna be about. Meanwhile, back at campaign headquarters, Team Obama is in full meltdown mode after Newark Mayor Cory Booker went off script, undermining and mocking "what this campaign is going to be about." ABC News: The Obama campaign is in full damage-control mode one day after Newark Mayor Cory Booker publicly derided Democrats’ assault on presumptive GOP nominee Mitt Romney over his record at Bain Capital. Chief Obama strategist David Axelrod today publicly rebuked Booker, a popular and high-profile surrogate for the campaign, saying he was “just...
  • Romney responds to Bain attacks, says he helped create 100k jobs (Saving companies save jobs)

    05/17/2012 3:53:10 AM PDT · by tobyhill · 29 replies
    Politico ^ | 5/16/2012 | By ALEXANDER BURNS
    Mitt Romney, who has been silent up to this point on the Obama campaign's extensive attacks on his private equity career, defended his experience in an interview with conservative blogger Ed Morissey, distancing himself from the closing of a steel factory at a Bain-owned company and accusing the president of talking out of both sides of his mouth on private equity. Here's what he said: "The most recent attacks are really off target and I think they know. They said, oh, gosh, Gov. Romney at Bain Capital closed down a steel factory. But the problem, of course, is that the...
  • Dems Attack Romney Over Layoffs Made by Obama Bundler

    05/14/2012 2:07:13 PM PDT · by ColdOne · 7 replies
    Breitbart.com ^ | 5/14/12 | Mike Flynn
    The ad is certainly gripping and emotional. It is also, however, completely wrong. The company was shut down in 2001. Romney left Bain in 1999, long before the plant closing, to run Winter Olympics. Two years is an eternity in the business world. Blaming Romney for decisions made two years after the left the company is at best disingenuous. However, there was a political power-player serving as a director of Bain at the time of the company's bankruptcy and layoffs--Jonathan Lavine. Lavine joined Bain in 1993. He is currently Managing Director and Chief Investment Officer. He is also a major...
  • Obama's Bain ad: 'Like watching an old friend bleed to death' (BARF!!)

    05/14/2012 9:30:32 AM PDT · by tcrlaf · 31 replies
    Politico ^ | 5-14-12 | Alexander Burns
    The Obama campaign's 2-minute ad on Mitt Romney's Bain Capital is record is out, and it is brutal. Targeting Romney's involvement in the acquistion of GST Steel, the commercial shows workers at a shuttered plant pinning Romney and Bain with the blame. “They made as much money off it as they could and they closed it down, they filed for bankruptcy, without any concern for the families or the communities,” says Joe Soptic, a former steelworker. “It was like watching an old friend bleed to death.” The spot directly contrasts the steelworkers' testimonials with Romney's words touting his business experience,...
  • Obama’s Already Debunked Attack Ad on Romney and Bain

    05/14/2012 6:23:23 AM PDT · by fight_truth_decay · 19 replies
    Daily Caller ^ | May 14, 2012 | Matt K. Lewis
    The Obama campaign is out with a new two-minute attack ad, hitting Mitt Romney on his past at Bain Capital. The ad, set to run in Pennsylvania, Iowa, Ohio, Virginia and Colorado, plays up the “vulture capitalism” angle. “It was like a vampire,” says a former GS Steel worker named Joe Cobb. “They came in and sucked the life out of us.” The Romney campaign is expected to push back aggressively on what they view as a major distraction from the president’s disastrous economic record. It shouldn’t be terribly hard. The bankruptcy and layoffs occurred in 2001, two years after...
  • Truth About Romney's Pro-China Involvement Surfaces

    04/18/2012 8:17:14 PM PDT · by OlagJohnson · 11 replies
    paper.li ^ | Jan 21 2012 | By Martin
    UPDATE for yesterday's post: As it turns out, Mitt Romney as governor was a wholly-owned subsidiary of China. Rep. Duncan Hunter, member of the House Armed Services Committee excoriated Romney in 2008, advising voters then to steer clear of a pro-China Romney. To this date Romney has failed address the problem, demonstrating further how unserious a candidate he is for Commander-in-Chief - although there's very lttle anyone could say to save himself from the inevitable disqualification this type of footsie with a hostile regime that has called for "exterminating the US population" brings. From Newsmax, 2008: "As the founder of...
  • Rick Santorum’s camp hits Mitt Romney on Bain tenure

    03/19/2012 10:32:41 AM PDT · by Cincinatus' Wife · 118 replies
    The Washington Post ^ | March 19, 2012 | By Felicia Sonmez
    Republican presidential candidate Rick Santorum’s campaign is taking aim at rival Mitt Romney’s tenure at the helm of Bain Capital..... [SNIP] Back in January, when Perry and Gingrich were hitting the former Massachusetts governor hard on his Bain tenure, Santorum had told CNN’s Wolf Blitzer, “I hate to sit here and be a defender of Mitt Romney, but to me this is federal capitalism, and I have to say that this is an attack probably not warranted.” “Bain Capital, at least from the record I looked at, had a lot of success,” Santorum said at the time. “I mean they...
  • Mitt Romney's Bain Capital Tied to China Surveillance Camera Push

    03/16/2012 6:24:13 AM PDT · by AmericanInTokyo · 18 replies · 1+ views
    MSNBC ASIA/NYTIMES ^ | 16 March 2012 | ANDREW JACOBS and PENN BULLOCK
    BEIJING — As the Chinese government forges ahead on a multibillion-dollar effort to blanket the country with surveillance cameras, one American company stands to profit: Bain Capital, the private equity firm founded by Mitt Romney. In December, a Bain-run fund in which a Romney family blind trust has holdings purchased the video surveillance division of a Chinese company that claims to be the largest supplier to the government’s Safe Cities program, a highly advanced monitoring system that allows the authorities to watch over university campuses, hospitals, mosques and movie theaters from centralized command posts.The Bain-owned company, Uniview Technologies, (æ”™æ±Ÿćź‡è§†ç§‘æŠ€æœ‰é™ć…Źćž) produces...
  • VANITY: Please help me out with some particulars on this "Bain Capital" outfit

    02/10/2012 7:03:34 AM PST · by OKSooner · 67 replies
    Vanity | 2-10-2012 | Vanity
    Gonna be having dinner with a Romney supporter this weekend. I know everything I need to know about "Bain Capital" and their way of skimming the cream off the top of failing companies, but I need all the information I can get.