bureaucracybusters

Posts Tagged ‘BAIN CAPITOL’

A REPUBLICAN’S DEATH PANELS

In Bureaucracy, Business, History, Politics, Social commentary on March 24, 2017 at 12:47 am

During the 2008 Presidential race, Republican Vice Presidential candidate Sarah Palin turned slander into an art form.

Her most poisonous charge: That Democratic Presidential nominee Barack Obama would make “death panels” a part of his proposed healthcare program. 

Sarah Palin

But in 2012, she supported a candidate–Mitt Romney–who made his fortune through the “death panels” of his investors. 

In 1983, Bill Bain, a management consultant, gave Romney a risky assignment: Launch Bain Capital, a private equity offshoot of his profitable consulting firm Bain & Company.

Related image

Mitt Romney

But there was a catch: Romney couldn’t raise money from Bain’s current clients. If the private equity venture failed, the consulting firm mustn’t disappear with it.

Romney and his partners considered a wide range of options.

Finally, they settled on one: A group of oligarchs from El Salvador were seeking new investment opportunities.

Romney decided to meet with them.

He flew to Miami in mid-1984 and met with the Salvadorans at a local bank. Both sides left happy with their arrangement.

The Salvadorans invested about $9 million–40% of Bain Capital’s initial outside funding. 

Among those investors: Ricardo Poma, Miguel Dueñas, Pancho Soler, Frank Kardonski, and Diego Ribadeneira.

Two other wealthy and powerful El Salvadoran families–those of de Sola and Salaverria–also became founding investors in Bain Capital.

Determined to retain their privileged status, members of these families were directly or indirectly funding right-wing death squads in El Salvador.

The squads’ targets were reformers and left-wing guerrillas. According to a United Nations study, at least 75,000 were killed in the Salvadoran civil war between 1979 and 1992.

Death squad victims

By 1982, 35,000 civilians had been murdered–with right-wing death squads responsible for most of the killings, stated El Salvador’s independent Human Rights Commission.

Much of this carnage happened during the Reagan Administration (1981-1989), when right-wingers in Washington found common cause with those in Central America.

Romney’s highly lucrative dealings with men linked to Central American death squads have been verified by such publications as the Huffington Post, the Los Angeles Times, the Boston Globe and the Salt Lake Tribune.

A major reason why Romney refused to release more than two years’ worth of his tax returns could have been this: He had more to hide than just how little in taxes he had paid.

Some of those financial disclosures might lead–literally–to hundreds or even thousands of bodies dumped into unmarked graves throughout El Salvador.

The most prominent victim of those right-wing death squads was Oscar Romero, the archbishop of San Salvador. A longtime champion of the poor, he was celebrating Mass on March 24, 1980, when he was shot to death before his horrified congregation.

Oscar Romero

The murder was ordered by Major Roberto D’Aubuisson, founder of the right-wing Nationalist Republican Alliance (ARENA) party.

Roberto D’Aubuisson

After Obama’s election as President in 2008, Republicans bitterly opposed his efforts to provide all Americans–and not simply the richest 1%–with healthcare insurance.  

Those efforts ultimately bore fruit as the Affordable Care Act–otherwise known as Obamacare.

As one of those Republican opponents, Sarah Palin repeatedly claimed that Obama intended to create government “death panels” to murder elderly and disabled patients.

Although she never offered a shred of evidence for this allegation, millions of American right-wingers eagerly believed it.

On the other hand, multiple and reputable sources demonstrated how Mitt Romney made money through men who either commanded death squads or were linked to others who did.

But Palin never had a single word of criticism for the man who would become the Republican nominee for President.

Little is reliably known about the full extent of Romney’s complex financial dealings. That’s why his refusal to release more than two years’ tax returns became an issue that wouldn’t go away.

Romney released only his 2010 returns and an estimate for his 2011 returns. But his own father, Michigan Governor George Romney, released 12 years of tax returns during his 1968 run for the presidency.

Perhaps Romney had nothing to hide and refused to release his tax returns out of sheer stubbornness.

But if he were truly innocent of any wrongdoing–financial or otherwise–then it would have been in his own best interests to make the returns public.  And as quickly as possible.

This is, after all, a longstanding tradition among candidates for President. And doing so would have instantly squelched rumors and accusations that he had something sinister or embarrassing to hide.

Instead, Romney and his wife, Ann, acted as though the White House belonged to them by divine right.  And that no one had the right to ask them any questions they didn’t want to answer.

During an interview with NBC News, Romney said: “We have been very transparent to what’s legally required of us. There’s going to be no more tax releases given.”

Romney could have followed the sterling example set by his father–whom he clearly admires–anytime he wished to.

But he didn’t.

Americans may never know if “the man from Bain” has the blood of Archbishop Romero–or other El Salvadoran death squad victim––on his hands.  

And if Romney does know, he isn’t saying.

A REPUBLICAN’S DEATH PANELS

In Business, History, Politics, Social commentary on August 15, 2012 at 12:50 pm

Sarah Palin claimed that President Barack Obama intended to make “death panels” a part of his healthcare program.

Now she supports a candidate who made his fortune through the “death panels” of his investors.

In 1983, Bill Bain gave Mitt Romney a risky assignment: Launch Bain Capital, a private equity offshoot of the profitable consulting firm Bain & Company.

Mitt Romney

But there was a catch:  Romney couldn’t raise money from Bain’s current clients.  If the private equity venture failed, the consulting firm mustn’t disappear with it.

Romney and his partners considered a wide range of options.

Finally, they settled on one: A group of oligarchs from El Salvador were seeking new investment opportunities.

Romney decided to meet with them.

He flew to Miami in mid-1984 and met with the Salvadorans at a local bank. Both sides left happy with their arrangement.

The Salvadorans invested about $9 million–40% of Bain Capital’s initial outside funding.  Among those investors: Ricardo Poma, Miguel Dueñas, Pancho Soler, Frank Kardonski, and Diego Ribadeneira.

Two other wealthy and powerful El Salvadoran families–those of de Sola and Salaverria–also became founding investors in Bain Capital.

Determined to retain their privileged status, members of these families were directly or indirectly funding right-wing death squads in El Salvador.

The squads’ targets were reformers and left-wing guerrillas.

According to a United Nations study, at least 75,000 were killed in the Salvadoran civil war between 1979 and 1992.

Death squad victims

By 1982, 35,000 civilians had been murdered–with right-wing death squads responsible for most of the killings, stated El Salvador’s independent Human Rights Commission.

Much of this carnage happened during the Reagan Administration (1981-1989), when right-wingers in Washington found common cause with those in Central America.

Romney’s highly lucrative dealings with men linked to Central American death squads have been verified by such publications as the Huffington Post, the Los Angeles Times, the Boston Globe and the Salt Lake Tribune.

It’s highly possible that a major reason why Romney has refused to release more than two years’ worth of his tax returns is that he has more to hide than just how little in taxes he’s paid.

Some of those financial disclosures might lead–literally–to hundreds or even thousands of bodies dumped into unmarked graves throughout El Salvador.

The most prominent victim of those right-wing death squads was Oscar Romero, the archbishop of San Salvador.  A longtime champion of the poor, he was celebrating Mass on March 24, 1980, when he was shot to death before his terrified congregation.

Oscar Romero

The murder was ordered by Major Roberto D’Aubuisson, founder of the right-wing Nationalist Republican Alliance (ARENA) party.

Roberto D’Aubuisson

During the heated debate over the Affordable Care Act–otherwise known as Obamacare–Sarah Palin repeatedly claimed that President Obama intended to create government “death panels” to murder elderly and disabled patients.

Although she never offered a shred of evidence for this allegation, millions of American right-wingers eagerly passed it on.

Multiple and reputable sources have since demonstrated how Mitt Romney made money through men who either commanded death squads or were linked to others who did.

But Palin hasn’t had a single word of criticism for the man who will soon become the Republican nominee for President.

Little is reliably known about the full extent of Romney’s complex financial dealings.  That’s why his refusal to release more than two years’ tax returns has become an issue that won’t go away.

Romney has so far released only his 2010 returns and an estimate for his 2011 returns.  But his own father, George Romney, released 12 years of tax returns during his 1968 run for the presidency.

Of course, it’s possible that Romney has nothing to hide and is refusing to release his tax returns out of sheer stubbornness.

But if he’s truly innocent of any wrongdoing–financial or otherwise–then it’s strictly in his own best interests to make the returns  public.  And as quickly as possible.

This is, after all, a longstanding tradition among candidates for President.

And doing so would instantly squelch rumors and accusations that he has something sinister or embarrassing to hide.

Instead, both Romney and his wife act as though the White House belongs to them by divine right.  And that no one has the right to ask them any questions they don’t want to answer.

In an interview with NBC News, scheduled to air on August 16, Ann Romney said: “We have been very transparent to what’s legally required of us. There’s going to be no more tax releases given.”

Romney can follow the sterling example set by his father–whom he clearly admires–anytime he wishes to.

Until he does, Americans may never know if “the man from Bain” has the blood of Archbishop Romero–or other El Salvadoran death squad victims–on his hands.

RUSH LIMBAUGH VS. BATMAN

In History, Politics, Social commentary on July 23, 2012 at 9:16 am

Rush Limbaugh is the sort of man who can see The Adventures of Robin Hood–and root for the Sheriff of Nottingham.

For Limbaugh, the rich can never be too well-protected.  Especially when they’re running for President.

Limbaugh believes that the latest “Batman” movie is out to slander poor Mitt Romney.  And he’s using The Rush Limbaugh Show to valiantly defend him.

Limbaugh’s program airs on over 400 radio stations and is the highest-rated talk-radio program in the United States.

Combining the poison tongue of Nazi Propaganda Minister Joseph Goebbels….

Joseph Goebbels

….with the poundage of Luftwaffe Commander Hermann Goering….

Hermann Goering

….Herr Limbaugh says about the character “Bane” in The Dark Knight Rises:

Rush Limbaugh

The villain in the Dark Knight Rises is named Bane.  B-A-N-E. What is the name of the venture capital firm that Romney ran, and around which there’s now this make-believe controversy? Bain.

“The movie has been in the works for a long time, the release date’s been known, summer 2012 for a long time. Do you think that it is accidental, that the name of the really vicious, fire-breathing, four-eyed, whatever-it-is villain in this movie is named Bane?

“It’s going to have a lot of people. This movie, the audience is going to be huge, lot of people are going to see the movie….

“And it’s a lot of brain-dead  people, entertainment, the pop culture crowd. And they’re going to hear ‘Bane’  in the movie, and they are going to associate Bain.

“And thought is that when they start paying attention to the campaign later in the year, and Obama and the Democrats keep talking about Bain, not Bain Capital, but Bain, Romney and Bain, that these people will think back to the Batman movie –‘Oh yeah, I know who that is.'”

Apparently they will know more than Limbaugh does.

“Bane” is a comics super-villain fighting a comics super-hero: “Batman.”

“Bain Capitol” is a real-life “vulture capitalism” villain which profits by destroying American jobs.

“Bane” first appeared in the comics–in Batman: Vengeance of Bane #1 (January, 1993).  His creators were Chuck Dixon, Graham Nolan and Doug Moench.

If what Limbaugh says is true, all these men rank as not only among history’s greatest cartoonists but its greatest psychics.

Imagine: In January, 1993, they were able to look into the future and predict that:

  • By the summer of 2012, a multimillionaire named Mitt Romney would become the Republican nominee for President.
  • Romney would have made most of his fotrune as the CEO of Bain Capitol. a Boston-based asset management and financial services company.
  • Barack Obama, a former black Senator from Illinois, would meanwhile be occupying the White House.
  • Desperate to give Obama another four years as President, Warner Brothers Studios would rush “The Dark Knight Rises” into production, to be out in time for summer, 2012.
  • The moviemakers wouldn’t be thinking of huge box-office returns for a typical summer blockbuster.
  • They would, instead, be hoping to brainwash millions of unsuspecting, pure-minded Republican voters into voting against “Bane” and for Obama.

Of course, this is not the first time Limbaugh has rushed to aid the helpless rich.

On May 15, Facebook co-founder Eduardo Saverin renounced his U.S. citizenship.  Born in Brazil, the 30-year-old Saverin became a U.S. citizen in 1998 but has lived in Singapore since 2009.

Giving up his citizenship allowed him to avoid a 15% capital gains tax when Facebook launched its IPO on May 18.  Singapore does not have a capital gains tax.

With Saverin being attacked for his unpatriotic behavior, Limbaugh leaped to his defense:

“So if it’s a more favorable tax haven that you can find elsewhere and you go there,” asked Limbaugh, “why is it automatically that you are unpatriotic? Why is it automatically that you are a coward, that you are not paying your fair share? It’s this whole class envy thing rearing its head again.”

For Limbaugh, the villain isn’t a billionaire who turns his back on the country that gave him the opportunity to become one. No, the villain lies in those who believe that even wealthy businessmen should behave like patriots–instead of parasites.

“But [Barack Obama is] out there demonizing successful people every day, targeting successful people every day, running a presidential campaign based on class warfare, trying to get the 99% of the country who are not in the top 1% to hate the 1%, to literally despise ‘em.”

On November 1, 2011, Forbes magazine reported that, in 2007, the richest 1% of the American population owned 34.6% of the country’s total wealth, and the next 19% owned 50.5%.

Thus, the top 20% of Americans owned 85% of the country’s wealth and the bottom 80% of the population owned 15%.

According to Limbaugh’s philosophy, the bottom 80% of the population owning 15% of the country’s wealth should pay homage to the top 20% of Americans who own 85% of the country’s wealth.

In short, they should “know their place” and not expect their moneyed “betters” to pay their fair share of taxes.

%d bloggers like this: