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FMRFGOPGAL -> RE: Obama endorsements (10/22/2012 9:28:29 AM)
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quote:
ORIGINAL: Kosta
I am just amazed at all the obama ads I hear on the radio and see on t.v. because most of them are not relevant or they are flat out lying. Great example would be here in florida they play an add that talks about a plant closing and in the smallest print as a disclaimer at the bottom it says this all happened before romney was even involved but they make it look like it was a direct action that was caused because of romney. Extremely misleading ad and very dishonest. The people who support those type of endorsements are funding lies and false accusations
Complain to a republican. they made it "free speech". Thanks to the wingnuts in the USSC, Super PACS, and hence the number and tenor of the ads you see. And if you don't like what Obama's ads say, perhaps you should really dig for the facts instead of allowing TV commercials, faux news, and blogs rule your thinking.
However, with that said Romney has in fact, had his hands directly on the wheel when both Bain Capital & Bain Consulting eliminated hundreds of thousands of jobs. And Romney can say he's insulated from Bain now (He's not, his "blind trust" that keeps oozing millions is very closely associated with Bain to a large extent, and leverages the most profitable of Bain's ongoing projects).
What's really important though is that Romney PERFECTED Leveraged buyouts fitting the models described in these commercials. And he WAS Directly involved in most of Bain's deals under his stewardship, and he was mimicked by not only the rest of Bain's management, he was also considered the model for a wide swatch of the Private Equity Industry. So much so it became differentiated from basic VC.
And understand that by "Direct" I mean direct. It is an absolute requirement of Bain that if they fund your decline and sell you off to the highest bidder, Romney (when he was visibly part of Bain), your company would be subject to Romney as a controlling vote board member (or his proxy). So saying the ads are misleading is in and of itself, misleading. I am not mind you, faulting you with this. You are subject to the spin Romney's media proxies put out. If you search, you'll find some stark differences between what Romney's people are putting out and the reality of things.
And to say that the practices were encapsulated would be wrong as well. Here is an example in the words of local people who are basically just like the rest of us (Patch.com is local news by locals). In this particular example, it's just miles from my home, and I can personally vouch for it's veracity. The Mitt Romney "style" lives on today:
http://attleboro.patch.com/articles/laid-off-workers-protest-romney-bain-in-attleboro
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