Romney’s appears as a tortured sanctimonious man, praying profusely over his decision whether to send a spear Trump’s way in the impeachment saga. So he claims in his presentations to the media and on the Senate floor. There is much more to Mitt Romney. This noble man who is nothing more than a political hack, who made his money the old fashioned way that the Progressives so often remind us as offensive. A chip off the old block of his dad George Romney. I give you an old post about Romney – there are so many – but this one let’s us know just how he got to where he did,
“Profoundly religious” starts his motif.
How about a refresher now that Romney has arisen like the “Ghost of Christmas past.”
How easy to forget what a swamp creature he was and is, and we should not be surprised that he couldn’t even wait to be sworn in to attack Trump. His baby – Bain Capital. The harvester which bought distressed companies, attempted to make improvements, but not to worry. If they failed they simply sold their assets, went bankrupt with employees losing their pensions in some cases then on to the next – wash, rinse and repeat. He no doubt was successful. There is no doubt had a couple of super hits – Staples being one.
Here are a few snippets:
But at Bain, Romney’s top priority wasn’t to boost employment. As the Wall Street Journal recently noted, creating jobs “wasn’t the aim of Bain or other private-equity firms, which measure success by returns produced for investors.” And, the newspaper reported, Romney’s 100,000-jobs claim is tough to evaluate.
Mother Jones has obtained a video from 1985 in which Romney, describing Bain’s formation, showed how he viewed the firm’s mission. He explained that its goal was to identify potential and hidden value in companies, buy significant stakes in these businesses, and then “harvest them at a significant profit” within five to eight years.
……But this short clip offers a glimpse of Romney when he was at the start of his private equity career and saw businesses as targets of opportunity that could be harvested for the benefit of his investors, not as long-term job creators or participants in a larger community. His remarks were hardly surprising, but they did encapsulate the mindset of get-in/get-out private equity deal makers.
H/T: Mother Jones
This video was created in 1985.
Mitt Romney on Bain’s plan to buy and “harvest” companies
Oh, by the way Romney was against calling the whistle blower. Now he no longer has to worry about his involvement in the Ukraine matter. He will just say Trump is out to get him, his political adversary. See how the game works?
You see, all remains well in the swamp.