Leaked Notes for RNC Opening Speech: It's a WINNER!

Here are the leaked notes to the opening speech at Republican National Convention to be held in Tampa next month. It certainly covers all of the voting demographics. Sounds like a winning platform to me. 

Mitt Romney and The Ampad Affair: A Bain Success Story

by Nomad

T

here’s an old saying that you can judge a tree but by the fruit it produces. For people it is a case of looking at the actions and not merely by the words. That’s especially true with politicians.

In the Republican party’s presumptive nominee Mitt Romney’s case, if the things he has said can be pretty awful, his past actions are generally far worse. As a corporate head, his treatment of the American worker offers a clear picture of the kind of disdain, or at least, indifference, he harbors for the working class. In July 1994, a Bain-controlled paper company Ampad purchased a Marion Indiana paper plant. 

Two years before, Bain Capital saw Ampad as a troubled company in a thriving market, and so, began the process of restructuring, reducing waste and whatever else was needed with aim of taking the company public. In turn, as it had done with many companies, Bain would sell the stock of newly revitalized Ampad at a profit. 

This is what equity companies do. They buy companies with problems and after increasing their value, then sell them. There are many ways to boost profits, including cost-cutting, modernizing plants, adding products, expanding into new markets, and acquiring similar companies. It might even require hiring more workers. But that wasn’t the case in Ampad.

The Republican Party’s Problem Child: We Need to Talk about Mitt

by Nomad

I f you have been following the latest campaign news, you have undoubtedly heard that the presumptive nominee has finally got himself in what I call, the classic liar’s bind. 

That is, he has told so many different lies to so many people (and under oath as well) that there is now no possible way that any of them can be plausibly fit together into a “workable” truth. In short, the man the Republicans are counting on to put them back into power is an unmitigated mess. 

His timeline about when he left Bain Capital has recently been cast in significant doubt. Again. 

From the latest news, it seems as though he has lied under oath to either the SEC or the Massachusetts Ballot Law Commission. And if those reports are true that he was still involved in the decision making at Bain Capital, it opens a whole Pandora’s Box of problems. Bain’s corporate behavior after 1999 regarding closing of American companies, firing of American workers and outsourcing to China and Mexico will all undermine his claims of being a job creator. (For a examination of that issue click here and here.. and here.)