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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRomney HAS a post-Bain record. Let’s look at it. (Possible Criminal Quid Pro Quo?)
Romney HAS a post-Bain record. Lets look at it. (Possible Criminal Quid Pro Quo?)
By Mugsy
Mitt Romney likes talking about his private sector record at Bain Capital as a job creator, saying that that experience makes him better suited to be president than Barack Obama. He doesnt like talking about his time as governor of Massachusetts (2003-2007) with lousy economic record and pushing through a state-wide health insurance mandate that gives Tea Party members fits of indigestion. But no one ever seems to point out the obvious: that he was governor AFTER leaving Bain Capital in 1999. So we dont have to guess what his business experience would bring to public office. Just go back and look.
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So, what exactly did Mitt Romney do at Bain Capital do that would prepare him for the job of leading a state or entire nation?
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This is where things get VERY interesting
This jobs program was introduced by Romney following a corporate merger he was roundly criticized for not preventing (ibid jobs program link above) between Proctor & Gamble and Gillette that cost the state some 4,000 jobs. Interesting. A corporate buyout that led to the shedding of jobs for the profit of just one organization does THAT sound like a skill Romney picked up from his years at Bain that he was able to apply to the role of Governor? It certainly appears as though Stemberg threw his friend Romney a lifeline (the cheap business loan program) when he needed it most.
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(Note: When Romneys term ended, he left Massachusetts with a 34 percent approval rating.)
MORE plus links:
sounds like we need to do some MORE research on this DUers!
http://mugsysrapsheet.com/2012/05/28/romney-has-a-post-bain-record-lets-look-at-it/
annabanana
(52,791 posts)goclark
(30,404 posts)Thanks kpete,
If the people that knew him best gave him only 34% that's a "F."
That should absolutely be front and center in the Democrats Ad Campaign.
"When Romneys term ended, he left Massachusetts with a 34 percent approval rating."
summerschild
(725 posts)state computers when he left unless he was covering up something. HE HAS NEVER EXPLAINED WHY HE DID IT.
Scurrilous
(38,687 posts)Major Hogwash
(17,656 posts)Even though some Republicans know he has it, they're still willing to get in bed with him.
ProgressiveEconomist
(5,818 posts)on low interest loans?'
Wait a minute. This point is not essential to the argument against Romney crony capitialism in Mass, and it strikes a discordant note with me.
Are the researchers SURE the program had BANKS guarantee the loans would be repaid, rather than the State of Mass? Government loan guarantees of various kinds are commonplace, but I've never heard of a loan program that had banks guaranteeing that loans would be repaid to government. Usually, government programs provide initial seed money for bank loans to small businesses, and guarantee that the BANK will not lose any money should some businesses not be able to repay their loans.
This is just my opinion. I hope the research into Romney's Mass record continues.
BTW, Courts often have online indices of their cases. To find out the disposition of the court case mentioned in the OP, googling the name of the court might help in finding its index of cases. Or try the qualifier 'site:findlaw.com' in googles.