Monday, July 02, 2012

Little Known Facts

* In an article publish in the Boston Herald on November 24, 2008 (article retrieved through library), information is provided that indicates that two of Mitt Romney's daughters-in-law contributed to California's anti-gay marriage Proposition 8 campaign. The Boise Backpage has more on this and the Romney family's ties to Prop 8 and other similar causes.

>>Voters are worried about how many people lost jobs when Romney and Bain bought out companies. Would Romney allow corporations to get tax cuts to send jobs overseas?  Does Mitt Romney believe that profit is more important than human beings?

Washington Post (8/14/2007)

...Some deals caused controversy -- bringing job losses, questions about Bain's consulting and success fees, and lawsuits. During his first political campaign, for U.S. Senate in 1994, Romney was put on the defensive by incumbent Democrat Edward M. Kennedy , who highlighted the plight of 350 workers at an Indiana plant who lost their jobs after Bain bought out their parent company, Dallas -based Ampad.

Bain's takeovers of KB Toys and contact lens maker Wesley Jessen sparked legal battles that highlighted the extensive profits and fees Bain often earned. Bain reportedly made $350 million on its investment in Wesley but struck a nerve when it sought an additional $8 million fee for helping the lensmaker find a new owner. The new buyer objected, and a judge eventually ruled that Bain could not collect the fee....

Looks like Bain under Romney tried to squeeze as much profit as possible from the companies they "invested in" all while throwing people out of work.  Sounds to me like the greed at Bain was their overwhelming driving force. 


Even though Republicans are claiming that the Affordable Care Act (aka "Obamacare") is the largest tax increase ever, Ezra Klein has the real facts.

Since the Supreme Court decision, Republicans have been calling the Affordable Care Act “the largest tax increase in the history of the world.” Politifact rates this false. Kevin Drum’s got a table of the 15 significant tax increases since 1950, and the Affordable Care Act, which amounts to a tax increase of 0.49 percent of GDP, comes in 10th. Austin Frakt took Drum’s table and made a chart:

Republicans are not entitled to their own facts.