Romney, The LIAR

[amoeba15]

Without a doubt, Romney's $250 million fortune was primarily made by his repeatedly outsourcing American jobs and greed to sell Americans down the river.

Romney stayed longer at Bain

Firm’s 2002 filings identify him as CEO, though he said he left in 1999

Government documents filed by Mitt Romney and Bain Capital say Romney remained chief executive and chairman of the firm three years beyond the date he said he ceded control, even creating five new investment partnerships during that time.

Romney has said he left Bain in 1999 to lead the winter Olympics in Salt Lake City, ending his role in the company. But public Securities and Exchange Commission documents filed later by Bain Capital state he remained the firm’s “sole stockholder, chairman of the board, chief executive officer, and president.”

Also, a Massachusetts financial disclosure form Romney filed in 2003 states that he still owned 100 percent of Bain Capital in 2002. And Romney’s state financial disclosure forms indicate he earned at least $100,000 as a Bain “executive” in 2001 and 2002, separate from investment earnings.

The timing of Romney’s departure from Bain is a key point of contention because he has said his resignation in February 1999 meant he was not responsible for Bain Capital companies that went bankrupt or laid off workers after that date.

Contradictions concerning the length of Romney’s tenure at Bain Capital add to the uncertainty and questions about his finances. Bain is the primary source of Romney’s wealth, which is estimated to be more than $25o million. But how his wealth has been invested, especially in a variety of Bain partnerships and other investment vehicles, remains difficult to decipher because of a lack of transparency.

www.boston.com/news/politics/articles/2012/07/12/government_documents_indicate_mitt_romney_continued_at_bain_after_date_when_he_says_he_left/

[TW]

Interesting.

[amoeba15]

REMEMBER, Romney has done many things to clean up his past in order to reduce any concerns in his roles re this company or that company.

To give but one example, there is a Bermuda-based entity called Sankaty High Yield Asset Investors Ltd., which has been described in securities filings as “a Bermuda corporation wholly owned by W. Mitt Romney.” It could be that Sankaty is an old vehicle with little importance, but Romney appears to have treated it rather carefully. He set it up in 1997, then transferred it to his wife’s newly created blind trust on January 1, 2003, the day before he was inaugurated as Massachusetts’s governor. The director and president of this entity is R. Bradford Malt, the trustee of the blind trust and Romney’s personal lawyer. Romney failed to list this entity on several financial disclosures, even though such a closely held entity would not qualify as an “excepted investment fund” that would not need to be on his disclosure forms. He finally included it on his 2010 tax return.

www.vanityfair.com/politics/2012/....fshore-accounts

As for Gibbs’ other assertion that Romney has failed to disclose his stake in Sankaty seven times, that also is largely accurate. We counted six disclosure forms where Romney made no reference at all to the Bermuda corporation. Those include his filings in Massachusetts when he was running for governor or holding office and his federal disclosures for his presidential bids.

The seventh appears to be his 2001 disclosure, which lists Sankaty High Yield Asset Investors LLC. Note the slight difference in those three letters -- LLC instead of Ltd. The LLC, a limited liability corporation he named on the form, is based in Delaware. The offshore corporation by the same name ends in Ltd. and there is no mention of it until Romney’s lawyers began amending his disclosures this year.

There is some question whether he was required to disclose this asset. In 2003, on the eve of running for governor, he put Sankaty into a blind trust. Thereafter, he disclosed the presence of the trust and might not have been required to say what was in it. It is also unclear whether the nominal value of Sankaty would be high enough to warrant disclosure.

www.politifact.com/truth-o-meter/statements/2012/jul/10/robert-gibbs/democrats-say-mitt-romney-failed-disclose-offshore/

[amoeba15]

Obama team: Romney committed a felony or lied to voters

Mitt Romney either lied in federal filings that show he worked at Bain Capital through 2002 and could be guilty of a felony, or has lied to the American people in saying he left the company in 1999, the Obama campaign is arguing in light of news reports on the firm’s filings with the Securities and Exchange Commission.

“This is serious business,” said Bob Bauer, the Obama campaign’s counsel, in a conference call for reporters coming after the Boston Globe published a story Thursday that calls into question the timeline of Romney’s involvement of the firm that the Republican candidate has been promulgating for years.

Deputy campaign manager Stephanie Cutter laid out the issue as the Obama team sees it: “Either Mitt Romney, through his own words and his own signature, was misrepresenting his position at Bain to the SEC, which is a felony."

"Or," she said, "he was misrepresenting his position at Bain to the American people to avoid responsibility for some of the consequences of his investments,” including layoffs and the outsourcing of jobs.

www.politico.com/politico44/2012/07/obama-team-romney-committed-a-felony-or-lied-to-voters-128757.html

[happypacker]

I would never trust Mitt Romney for anything. this guys face looks like a mass liar. If he gets in,,, look for this country to take a nose dive to he--. He is so stupid he feels that if the rich get richer any way they can,,at the expnse of the working majority, all will be fine. you see, he thinks we all should be living on dirt floors in open space while he hires us for little money to make more for him. the guy is a nut case.

[packerconvert]

Any economist worth their salt, regardless of political affiliation or ideology, will concede that a gross receipts tax is one of the most economically adverse forms of taxation. Yet that is just what Obama and congressional Democrats thought wise to impose on medical device manufacturers in this anemic and uncertain economy. The result is less of those high-paying jobs here and more of them abroad.

It’s the economic agenda of this White House and Democratic Senate, not anything Romney has done in his private life, that will cause employers to move jobs overseas. If Obama and Senate Democrats continue to falsely accuse Romney of outsourcing, they should be asked to explain their support for legislation – like “Obamacare” and the Farm Bill – that is guaranteed to send jobs overseas.


Read more: www.politico.com/news/stories/0712/78467_Page2.html#ixzz20WIGzzKK

Keep on believin' Amoeba.

[TW]

The Obama administration is forcing jobs overseas? I'm laughing!

You might check the records. Outsourcing went nuts under the Bush administration, "after" he gave the rich their big tax breaks.

Why can't you right wingers see that you're being crapped on by the people pulling the strings in your own party? Way too much attraction to shiny objects on the right.

assets.opencrs.com/rpts/RL32292_20110121.pdf

[packerconvert]

And that has what to do with Romney?

Read the article, just as they did under Bush, Democrats continue to support legislation that outsources jobs.

[happypacker]

Jul 13, 2012 11:15:12 GMT -5 packerconvert said:

Any economist worth their salt, regardless of political affiliation or ideology, will concede that a gross receipts tax is one of the most economically adverse forms of taxation. Yet that is just what Obama and congressional Democrats thought wise to impose on medical device manufacturers in this anemic and uncertain economy. The result is less of those high-paying jobs here and more of them abroad.

It’s the economic agenda of this White House and Democratic Senate, not anything Romney has done in his private life, that will cause employers to move jobs overseas. If Obama and Senate Democrats continue to falsely accuse Romney of outsourcing, they should be asked to explain their support for legislation – like “Obamacare” and the Farm Bill – that is guaranteed to send jobs overseas.


Read more: www.politico.com/news/stories/0712/78467_Page2.html#ixzz20WIGzzKK

Keep on believin' Amoeba.

let me get this straight, Bush had the office for 8 years and in those years more US jobs went overseas than any other term(s).
remember Bush won the war!
read about how the deal with the Texas rangers went with the Bush family
look at the state of texas and see when he was the gov. what happened in the job market there what was the unemployment rate then? not good
republicans are for the 1% and to hel-with the working majority,
Romney is on drugs or acts like it becaus he has said nothing to the public on how to fix things for all but he sure knows how to rip on the President with half truths or total lies.

[packerconvert]

Can you people stay on task and not get distracted by shiny objects.

WE'RE NOT TALKING ABOUT GEORGE W. BUSH! THIS IS NOT 2000!

[TW]

We are on task. We're talking about the Bush tax cuts not helping to create American jobs, and we're talking about more jobs being outsourced under what already happened with Bush, and being suggested as the course of action, by Romney.

Obviously you missed the keys to what's happened.

[amoeba15]

Sooooo, PC, what have you been smoking or snorting lately?

[packerconvert]

The Bush tax cuts kept the economy going after 9/11.

Liberals supported replacing the tech bubble to continue driving the false economy with another financial bubble, and voila, we got the housing bubble. This is liberal ideology, not Bush economic policy.

You had Bwaney Fwank and the west of his cohowts saying that Fweddie Mack and Fannie Mae were solvent and the housing mawket was wight on twack.

Yeah, blame Bush for the outsourcing of jobs when it was NAFTA, signed by Clinton, that sucked them out of the country.

Providing re-training and re-tooling of our nations Labor force is Bush's fault, but he didn't cause the jobs to go overseas, nor did the Democrats and the Republicans give him any legislaton to sign to stop it.

Yet, Obama keeps signing bills sent over by Democratically led Congress to keep on pumping the jobs out of our economy.

Losers!