Mitt's Lying Again

ComeToTXComeToTX Austin Posts: 7,870
edited August 2012 in A Moving Train
And we need this amazing business man to turn the economy around? No thanks.

http://www.rollingstone.com/politics/bl ... n-20120830

Here's the hard truth: Romney's turnaround effort at the consulting firm was a fiasco. In fact, Bain & Company was only rescued from the brink of collapse by the federal government. In 1993, the FDIC agreed to wipe away more than $10 million it was owed by Romney's firm because it believed that "the company will fail if the debt is not modified."
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  • lukin2006lukin2006 Posts: 9,087
    ComeToTX wrote:
    And we need this amazing business man to turn the economy around? No thanks.

    http://www.rollingstone.com/politics/bl ... n-20120830

    Here's the hard truth: Romney's turnaround effort at the consulting firm was a fiasco. In fact, Bain & Company was only rescued from the brink of collapse by the federal government. In 1993, the FDIC agreed to wipe away more than $10 million it was owed by Romney's firm because it believed that "the company will fail if the debt is not modified."

    Are you sure the FDIC is paid for from federal money. I read the comments below the article...several people who seemingly have good knowledge of these sorts of things seems seem to have good counter arguments.
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  • ComeToTXComeToTX Austin Posts: 7,870
    I saw that too and someone with more knowledge than I will have to answer that. Regardless though he came into save a company and made it worse. I think there could be some foreshadowing there.

    Not to mention his campaign is lying about it.
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  • ComeToTX wrote:
    And we need this amazing business man to turn the economy around? No thanks.

    http://www.rollingstone.com/politics/bl ... n-20120830

    Here's the hard truth: Romney's turnaround effort at the consulting firm was a fiasco. In fact, Bain & Company was only rescued from the brink of collapse by the federal government. In 1993, the FDIC agreed to wipe away more than $10 million it was owed by Romney's firm because it believed that "the company will fail if the debt is not modified."

    With all due respect, noting anything as "hard truth" that's coming from Rolling Stone's political reporting is about as feasible as doing the same with Fox News. Their article is flawed and one-sided, which happens on both sides, Republican and Democrat, but as with all their reporting it paints the picture they want people to see, not the actual picture.
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  • mickeyratmickeyrat Posts: 40,164
    this article is a little more telling. Although it doesnt use names on the quotes.

    http://www.rollingstone.com/politics/ne ... y-20120829

    So , if true, even partially , he's established a pattern between this and the gov money poured into the Olympics when he was tapped to "SAVE" them.
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  • hedonisthedonist Posts: 24,524
    With all due respect, noting anything as "hard truth" that's coming from Rolling Stone's political reporting is about as feasible as doing the same with Fox News. Their article is flawed and one-sided, which happens on both sides, Republican and Democrat, but as with all their reporting it paints the picture they want people to see, not the actual picture.
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  • There is definitely a disconnect with what Romney says, and what the platform is. He boasted about Neil Armstrong last night, and has talked about "us" building things like the Hoover Dam.. These were HUGE government programs and HUGE spending projects.

    He says his policies will create 12 million jobs, and goes on about how small businesses are the job creators. But the "we built it" crowd says they do it on their own and that government doesn't create jobs. Even Paul Ryan had that line about if you are in a bad spot, you didn't fail, your leaders failed you... I thought the "we built it" and the bootstraps crowd didn't need government help?
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