The politics I love and hate, wrapped up in a conundrum.

By the end, the campaign produced exactly what it should have: a hybrid of the desires of everyone on Obama’s team. They raised hundreds of millions of dollars online, made unprecedented progress in voter targeting, and built everything atop the most stable technical infrastructure of any presidential campaign.

Mitt Romney has an amazing ability to make a profit on anything. He can make millions when a company goes bankrupt, reap huge returns off the 9/11 tragedies and profit from getting high schoolers hooked on tobacco. But his greatest trick off all was raking in millions from the auto rescue he opposed.

In a stunning exposé published Thursday in the The Nation – with support from The Investigative Fund — reporter Greg Palast reveals how key donors to Romney’s campaign made more than a billion dollars off the restructuring of General Motors by holding a key player in the supply chain hostage [called Delphi Automotive] to their demands during the heart of America’s worst jobs crisis in 50 years…

[A hedge fund called Elliot Management bought Delphi for 67 cents a share, then] took [$12.9 billion in] federal bailout funds, slashed worker pensions, fired union workers and sent American jobs overseas [and generated a 3,000% return for Ann Romney and other investors].

[Romney’s] 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.

—Matt Taibbi of Rolling Stone magazine, in his latest cover story Greed and Debt: The True Story of Mitt Romney and Bain Capital

I had a different reaction to that first debate than a lot of people did. I thought, ‘Wow, here’s old moderate Mitt. Where ya been, boy?’ It was like one of these Bain Capital deals, you know, where he’s the closer. So he shows up, doesn’t really know much about the deal and says, ‘Tell me what I’m supposed to say to close.’ The problem with this deal is the deal was made by severe conservative Mitt.

—President Bill Clinton, campaigning for Obama in Las Vegas yesterday. Clinton nails this one on the head. Romney is a slick salesman, the “closer.” It is second nature to him to say ANYTHING to close a deal. I mean how many CEOs did he talk into raping their company with a Bain “consulting” deal?

Mitt Romney has repeatedly insisted during the presidential campaign that layoffs and other controversy surrounding Bain Capital companies for the past decade are not his responsibility, because he retired in 1999. When tax experts charged that he benefited from legally dubious tax avoidance strategies employed by Bain, his campaign noted that the investments are kept in a blind trust completely out of his control.

“As we have said many times before, Governor and Mrs. Romney’s assets are managed on a blind basis. They do not control the investment of these assets. The investment decisions are made by a trustee,” spokeswoman Michele Davis said.

But according to his 2010 tax return, when the Internal Revenue Service comes calling in April, Romney has a different answer: The presumptive GOP nominee reaps lucrative tax breaks for “active” participation in the private equity firm he founded, as well as a host of other investments…

[Romney is] in a rhetorical jam: For tax purposes, he claims an active status; for political purposes, he claims to have zero to do with the investments.

Mitt Romney Reaped Huge Tax Benefits Based On ‘Active’ Role At Bain Capital

In other words, Mittens has been caught in yet another lie about his involvement with Bain.

(via ryking)

So a guy on his FOURTH election for public office (2nd for U.S. President) refuses to talk about:

  • his tax returns
  • donations to his church (that’s private now, although he and his wife touted their tithing often in the past)
  • abortion
  • his party’s candidates for Senate
  • his party’s platform
  • his business experience at Bain Capital
  • his offshore investments

Look up Mittens Romney in the dictionary and it’ll say imperious lying asshat.

From Gawker:

…more than 950 pages of internal audits, financial statements, and private investor letters for 21 cryptically named entities in which Romney had invested—at minimum—more than $10 million as of 2011 (that number is based on the low end of ranges he has disclosed—the true number is almost certainly significantly higher). Almost all of them are affiliated with Bain Capital, the secretive private equity firm Romney co-founded in 1984 and ran until his departure in 1999 (or 2002, depending on whom you ask). Many of them are offshore funds based in the Cayman Islands. Together, they reveal the mind-numbing, maze-like, and deeply opaque complexity with which Romney has handled his wealth, the exotic tax-avoidance schemes available only to the preposterously wealthy that benefit him

When Romney struggled to raise funds from other traditional sources, he and his partners started thinking outside the box. Bain executive Harry Strachan suggested that Romney meet with a group of Central American oligarchs who were looking for new investment vehicles as turmoil engulfed their region.

Romney was worried that the oligarchs might be tied to “illegal drug money, right-wing death squads, or left-wing terrorism,” Strachan later told a Boston Globe reporter, as quoted in the 2012 book “The Real Romney.” But, pressed for capital, Romney pushed his concerns aside and flew to Miami in mid-1984 to meet with the Salvadorans at a local bank.

It was a lucrative trip. The Central Americans provided roughly $9 million — 40 percent — of Bain Capital’s initial outside funding, the Los Angeles Times reported recently. And they became valued clients.

I knew one of the Bain Salvadoran Miami connection families in the 90s. They had full, uniformed housekeeping staff like Downton Abbey!

(Source: azspot)

In other words, as far as the Romney campaign is concerned, the candidate is absolved of responsibility for his company’s investments, layoffs, and bankruptcies because Romney “retroactively” erased those years from his business record, perhaps taking advantage of some kind of loophole in the space-time continuum.

Epic line from Steve Benen’s latest blog entry Desperation leads to ‘retroactive’ rationalizations

Every time I read one of these excuses, I think how bad Bain must have been post-February-1999 for Romney to expend this much energy absolving himself from everything the company did after that date.

My last Romney tax/Bain/lies article for the night, Breaking Bad is starting soon!  This article is worth reading, very good!

My favorite amongst lots o’good ones!

If Obama owned slum apartments in Chicago that horribly mistreated poor people and didn’t provide them heat or running water, but Obama hired a real estate management firm to manage the building and collect rent, do you think it would be fair to criticize him for being a hypocritical slum lord who showed no compassion for poor people?

The Bain of Romney’s existence

So ashamed of everything Bain did that he and his supporters have to lie about his involvement, but still using it as the reason he’s qualified for the Presidency.

So now we know Romney’s been lying about Bain since 1994 when he first ran for Senate against Ted Kennedy

Could you imagine having to lie about all the damage the company you founded has done, how you can’t even be proud of the deals because once the facts are known, Bain was horrific for anyone they touched except themselves?