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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsYIKES! GOV DOCS Obtained By Rolling Stone Show The Legend Crafted By Romney Is Basically A LIE!
The Federal Bailout That Saved Mitt RomneyGovernment documents prove the candidate's mythology is just that
In fact, government documents on the bailout obtained by Rolling Stone show that the legend crafted by Romney is basically a lie. The federal records, obtained under the Freedom of Information Act, reveal that Romneys initial rescue attempt at Bain & Company was actually a disaster leaving the firm so financially strapped that it had no value as a going concern. Even worse, the federal bailout ultimately engineered by Romney screwed the FDIC the bank insurance system backed by taxpayers out of at least $10 million. And in an added insult, Romney rewarded top executives at Bain with hefty bonuses at the very moment that he was demanding his handout from the feds.
the rest:
(so much good stuff here :popcorn
http://www.rollingstone.com/politics/news/the-federal-bailout-that-saved-mitt-romney-20120829
hifiguy
(33,688 posts)this ASAP.
MADem
(135,425 posts)Read more: http://www.rollingstone.com/politics/news/the-federal-bailout-that-saved-mitt-romney-20120829#ixzz24y8ORBCE
PDJane
(10,103 posts)MADem
(135,425 posts)This is worth a debate question, certainly.
Mutt22
(76 posts)People need to read this :
Greed and Debt: The True Story of Mitt Romney and Bain Capital
http://www.rollingstone.com/politics/news/greed-and-debt-the-true-story-of-mitt-romney-and-bain-capital-20120829
theinquisitivechad
(322 posts)Does it surprise anyone that he is, at the core, a terrible businessman?
NRaleighLiberal
(59,922 posts)The Wielding Truth
(11,410 posts)be the end when major wrongs were done. This is more proof that this Con man has been pulling these con jobs again and again. He must be held accountable!
Sheepshank
(12,504 posts)bookmarking
NYC_SKP
(68,644 posts)And does his own laundry.
Not buying it.
onethatcares
(16,119 posts)pushed them in a metal cart to his limo SUV. He's just like the rest of the
finely washed masses. You're just jealous.
sad sally
(2,627 posts)tomm2thumbs
(13,297 posts)link to 'print' version without all the huge graphics, flash, etc of the regular website
http://www.rollingstone.com/politics/news/the-federal-bailout-that-saved-mitt-romney-20120829?print=true
freshwest
(53,661 posts)GeorgeGist
(25,293 posts)drm604
(16,230 posts)Is that a (probably fake) gun?
What is this supposed to be depicting?
freshwest
(53,661 posts)ailsagirl
(22,833 posts)Blue Idaho
(4,955 posts)What an asshat.
Initech
(99,881 posts)Quantess
(27,630 posts)Festivito
(13,452 posts)Screwing US, the U.S. taxpayers.
sellitman
(11,591 posts)Plenty of time to spread this far and wide!
Thanks for your super sleuth work once again.
Tweeted far & wide!!
DippyDem
(658 posts)WOW! A must read. Williard is really Robin hooding from us (the US taxpayers) and giving to the Bain Partners.
This is major!
Amonester
(11,541 posts)Antiromney
(1 post)As Adolf Hitler wrote in "Mein Kampf".
Just don't tell small lies, tell really big lies, but repeat them over and over again.
renate
(13,776 posts)Welcome to DU! And I love your name!
JHB
(37,122 posts)grasswire
(50,130 posts)America can't withstand another loser.
LOSER.
JHB
(37,122 posts)maybe a regiment.
Program 1980 1993
AFDC (per family) $350 261
Food Stamps (per person) 42 47
It is impossible to live well on welfare alone, and most recipients go hungry near the end of the month. In 1992, the poverty level for a mother with two children was $11,186.6 In that year, the average yearly AFDC family payment was $4,572; Food Stamps for a family of three averaged $2,469, for a total of $7,041. That was only 63 percent of the poverty line, and 74 percent of a minimum wage job.
So in 1992, average yearly AFDC+ food stamps for a single mother of 2 was $7,041, compared to Romney's putting the FDIC on the hook for $10 million.
Which means in one fell swoop Romney cost the taxpayers more that 1420 "welfare queens", just to put the Republicans' priorities in perspective.
If you're worried about an army of moochers, that one deal made Mitt worth a battalion of presumed and dreaded moochers. Who's taking your hard-earned tax money, again?