Morning Must Reads: Outsourced

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fhmadvocat
fhmadvocat

Frankly,

I don't really care when Romney left Bain.  It is not important.  I don't care about Obama's school transcript.  It is really not important.  If we really want to see what a President Romney would look like, we need to look to his record as Governor of Massachusetts.  Yet, Gov. Romney doesn't want to talk about his term as governor.  He wants to talk about his time at Bain.  Someone needs to remind Gov. Romney that running the government is not at all like running a business.  When you run a business, most individuals suck up because you are the boss, with the power to hire and fire.  You can't do that with Congress.   As President, you are but one of three branches of government, and legislation comes from Congress.  I would like to think Gov. Romney would stand up to Congress, but the last businessman in the White House was George Bush, and I don't remember him staind against the wayward spending of a Republican Congress.  Frankly, Mitt looks even more like a guy who wants approval than Bush.

LiberalLies2012
LiberalLies2012

Harry Reid has a new listing in the Urban Dictionary.

http://www.lvrj.com/blogs/sher...

I shudder to even think of an image of a "Harry Reid" with the real McCoy, but this is priceless comedy none-the-less.

"Harry Reid" is "A sexual position where you climb on top and then do absolutely nothing."

You can use the term like this, according to the dictionary: "I spent so long trying to talk her into bed that when I finally got on, I pulled a 'Harry Reid' and fell asleep."

fhmadvocat
fhmadvocat

Rusty,

It is so nice you have resorted to junior high humor.

Ivy_B
Ivy_B

Link to Financial Disclosure form Mitt filed in 2002. When you go to Appendix A you will see that he identifies himself as Executive at several Bain companies with salary $100,000 listed. His signature is also on the form, certifying the information is true under penalty of perjury.

http://www.buzzfeed.com/andrew...

deconstructiva
deconstructiva

I'll bet Mitt is still cursing his dad for starting the traditon of releasing tax returns. Just how much IS Mitt hiding, literally? At least George Romney was upfront about his finances when he had his way with AMC (the former car company, NOT the former swampland blogger).

LiberalLies2012
LiberalLies2012

Could it be that the corporation known as Bain Capital, Inc is and was a separate entity from BCIP Associate II, who at that time in 2002 was the controlling management of all things "Bain".  Romney's role is listed as General Partner, "Passive", or in lay terms he did not have any control over the decisions made by the parent company.  page 10

He was also a "Director" for the Boy Scouts of America as well.  Do you suppose Obama can find some lingering tidbit of nastiness to throw at Romney for that association?  page 12

Since this is so well documented, let's open up Barry's closet full of never disclosed documents as well.  Let's start off with his associations with ACORN.  Shall we?  All of his college records?  Oh that's right, there isn't any.  No records to be found.  Hmmmmm.  http://www.buzzfeed.com/andrew...

Ivy_B
Ivy_B

I'm afraid you have it backwards. So, to answer your question, no it could not be. Bain Capital, Inc. is the sole general partner of each of the BCIP Associates and he is the Executive of Bain Capital, Inc.

http://www.sec.gov/Archives/ed...

Bain Capital Investors, LLC ("BCI") is the sole general partner of Bain Capital Partners VI, L.P. ("BCP"), which is the sole general partner of Bain Capital Fund VI, L.P. ("Fund VI, L.P."). As a result, each of BCI, BCP and Fund VI, L.P. may be deemed to share voting and dispositive power with respect to the shares of Common Stock held by Fund VI, L.P. Each of BCI and BCP disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein.

  BCP is the sole general partner of Bain Capital VI Coinvestment Fund, L.P. ("Coinvestment Fund VI, L.P."). As a result, each of BCI, BCP and Coinvestment Fund VI, L.P. may be deemed to share voting and dispositive power with respect to the shares of Common Stock held by Coinvestment Fund VI, L.P. Each of BCI and BCP disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein.

  <  BCI is the managing general partner of each of BCIP Associates II ("BCIP II"), BCIP Associates II-B ("BCIP II-B"), BCIP Trust Associates II ("BCIPT II"), BCIP Trust Associates II-B ("BCIPT II-B"), BCIP Associates II-C ("BCIP II-C"), BCIP Repurchase Holdings ("BCIPRH") and BCIP Trust Repurchase Holdings (BCIPTRH" and, together with BCIP, BCIP II-B, BCIPT II, BCIPT II-B, BCIP II-C and BCIPRH, the "BCIP Funds") and thus may be deemed to share voting and dispositive power with respect to the shares of Common Stock held by the BCIP Funds. BCI disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein.

deconstructiva
deconstructiva

It's so cute and adorable to watch Rusty defend Romney, the least conservative R of the primary herd.

LiberalLies2012
LiberalLies2012

I hope you enjoy the re-education camp when you are sent there after November.  Perhaps they can also treat you for your stalking problem.  

LOL

paulejb
paulejb

MomentoMori,

Rev Wright is wrong.

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So is the moron that you quoted. Morons are like the poor, they will be with us always.

deconstructiva
deconstructiva

Ezra Klein tweeted this -

Romney did nothing wrong. He managed his money and business well. But people don't think it's admirable to make money outsourcing jobs

LiberalLies2012
LiberalLies2012

http://cnsnews.com/news/articl...

One successful achievement for Barry Soetoro Obama has been creating debt for each and every American.

You now owe $64,000 individually in US debt.  Don't have it?  Well Barack plans on taking it away from those of us who do have it, if he is re-elected for another 4 year term.  Count on it.

paulejb
paulejb

It turns out that the Obama surrogates in the main stream media are lying through their teeth.

Bain Capital sends the following statement, following today's Boston Globe article reporting thatMItt Romney was CEO there until 2002:

"Mitt Romney left Bain Capital in February 1999 to run the Olympics and has had absolutely no involvement with the management or investment activities of the firm or with any of its portfolio companies since the day of his departure.  Due to the sudden nature of Mr. Romney's departure, he remained the sole stockholder for a time while formal ownership was being documented and transferred to the group of partners who took over management of the firm in 1999.  Accordingly, Mr. Romney was reported in various capacities on SEC filings during this period."

http://www.politico.com/blogs/...

Paul Dirks
Paul Dirks

IOW, Bain filed false SEC reports. Well I guess that's alright then.......

Ivy_B
Ivy_B

In any event, Bain was not a person yet at that point, so it wasn't allowed to sign the SEC reports for Mitt. Filings like this have to be signed by somebody who has the authority to do so and the signing includes the affirmation that the information is true. From the Boston Globe story --

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.

paulejb
paulejb

Paul Dirks,

And you know this from your secret sources over at the Daily Kos, right, Dirks?

LiberalLies2012
LiberalLies2012

Nope, they are all reading the Mass State Ethics Commission report filed by Romney in 2002 I believe.  The Kos trolls are just like our lib-looney trolls here in the swamp.  They wouldn't know what investigative reporting was if it slapped them up-side the head.

LiberalLies2012
LiberalLies2012

So what this means is that Romney's departure from Bain on paper may not have been instantaneous with his departure from Bain to go and run the Olympics?  

While Romney was not physically running the company, he may have remained in name only to a multi-million dollar company?  

I really like it that Cutter has come out on behalf of the Obama campaign threatening SEC charges against Romney as well.  That should win lots and lots of votes for Obama.

http://www.buzzfeed.com/rosieg...

paulejb
paulejb

MomentoMori,

Odd that Mori, in his attempt to divert from the subject, uses stats that do not include the Chicago crime wave of 2012.

Steve0T
Steve0T

 For a person who uses free bacon and world nut daily quite freely, you have some nerve questioning other people's references.

Pot kettle black so on and so forth.

LiberalLies2012
LiberalLies2012

They never do use current data.  And when they do use a source it is some far left lib-loon site that is completely biased.  

MomentoMori
MomentoMori

Wikipedia is a "some far left lib-loon site"?

Go figure.

LiberalLies2012
LiberalLies2012

For the most part, Moron it is.  Unless it has verifiable sources cited, a lot of it doesn't.  Why I frequently do not site any Wikipedia as a source.  

paulejb
paulejb

MomentoMori,

Wikipedia is to an encyclopedia as Mad Magazine is to TIME.

deconstructiva
deconstructiva

He probably confuses Wikipedia and Wikileaks. Bet he thinks RedState is lib-loon too since they banned him.

paulejb
paulejb

nflfoghorn

"Yassa massa, I feels like I'b den sheltered 'cause'a Teh Black Man allll myyyy liiife!"

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I suspect that many black men would prefer to be treated as men rather than as wayward children who must be cared for of by their white liberal betters.