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The Bain of Gay Speculation
Author: Raine    Date: 08/09/2012 15:33:41

Disclaimer: I'm just saying what I am saying. Today's blog is purely speculative.


Let's talk a bit about Robert Gay. Do you know him? He's a General Authority of the First Quorum in the LDS church. From Robert Gay's wikipedia Entry:
Gay has served previously as a counselor in a bishopric and as a member of a stake high council. On March 31, 2012, he became a member of the First Quorum of the Seventy.
Suffice to say, He's a Pretty Big Deal in the Church of Latter Day Saints. In 2007, this same Robert Gray took part in an ad for then presidential candidate Romney during the GOP primaries. From the Boston Globe, the ad
features a former business partner, Robert Gay, who emotionally gives a testimonial about Romney's role in helping find his daughter, who went missing in New York City in 1996.

"My fourteen year-old daughter had disappeared in New York City for three days. No one could find her," Gay says as newspaper headlines and street scenes go across the screen. "My business partner stepped forward to take charge. He closed the company and brought almost all our employees to New York. "He said, 'I don't care how long it takes -- we're going to find her.'
here is the ad:

Earlier this year, Mr. Gay appears in an updated version of this story for the Pro-Romney PAC, Restore our Future. In 2007 he appeared for a Mitt Romney ad. He did that with tacit approval to the campaign. This year, the same footage was used in a new fresher ad by a super PAC. Mr. Gay has not officially endorsed Mitt Romney. Mr. Gay appears to no longer be with the capital investment firm he founded.

Robert Christopher Gay (born September 1, 1951) has been a general authority of The Church of Jesus Christ of Latter-day Saints (LDS Church) since March 2012. Prior to becoming a general authority, Gay was the managing director, co-founder, and the chief executive officer of Huntsman Gay Global Capital, a private equity firm headquartered in Palo Alto, California, with offices in Florida, Massachusetts and Utah.
I learned of this after I stumbled across a post from the American Spectator this morning. It's from January of this year. Turns out, Robert C. Gay is the former Managing Director for Bain Capital. He was there from 1989 until 2004. In 2007, Mr. Gay founded Huntsman Gay Global Capital, a private equity firm with his business partner, John Huntsman, Sr. That's right - he's the father of fellow former GOP candidate, John Huntsman Jr. After dropping out of the race, Mr. Huntsman did endorse Romney, albeit in an almost unenthusiastic way. Politico called it 'A Cold Embrace'.
Huntsman did not ask Romney to help retire his campaign debt or take on any of Huntsman’s now-unemployed staff, Miller said, common practices when primary candidates step aside and back an opponent — and as Romney did for former Minnesota Gov. Tim Pawlenty.
Romney didn’t offer to.
(snip)
But the real obstacle, another Romney source explained: “You help your friends,” which the two are most certainly not.
(snip)
But one day does not erase years of distance between the two men.

They battled over who would serve as leader of the 2002 Salt Lake City Olympics, with Romney winning the post. Huntsman, upset about the process by which Romney was chosen, then declined to serve in a subsidiary role, according to The Real Romney, the forthcoming Romney biography by Boston Globe journalists.

Huntsman then backed John McCain’s 2008 presidential bid over Romney’s, which he had initially assisted while serving as Utah governor.
So here we have a strange juxtaposition: a former candidate who clearly does not like Mr. Romney... his father -- who was a business partner with Mr. Gay and a former Bain executive -- who now holds a life time appointment with the LDS...

And Harry Reid. The Same Harry Reid who said last year that he would 'favor Huntsman over Romney’
“The front-runner in the Republican race now, here’s a man who doesn’t know who he is,” Reid said. “He was for gay marriage when he was governor, now he’s against it. He was for abortion when he was governor, now he’s against it. Oh, health care: We modeled our (federal health care reform) bill to be to a large degree about what he did in Massachusetts. Now he’s trying to run from that.

“If someone doesn’t know who they are, they shouldn’t be president of the United States,” Reid said.


Much has been said since Senator Harry Reid made this statement:
A month or so ago, he said, a person who had invested with Bain Capital called his office.

"Harry, he didn't pay any taxes for 10 years," Reid recounted the person as saying.

"He didn't pay taxes for 10 years! Now, do I know that that's true? Well, I'm not certain," said Reid. "But obviously he can't release those tax returns. How would it look?

"You guys have said his wealth is $250 million," Reid went on. "Not a chance in the world. It's a lot more than that. I mean, you do pretty well if you don't pay taxes for 10 years when you're making millions and millions of dollars."
He's since reiterated that claim. Reid has never liked Romney... nor has John Hunstman. One thing is for sure, we have at the very least the name of an investor with Bain capital who may very well know about Mitt Romney's tax returns. The question is, now that Mr. Gay is General Authority to the First Quorum of the LDS church, does he have access to the amount of money the Romneys tithe to the LDS? From January:
The giving process is private, making the details of Romney's charitable donations that much more noteworthy. No collection plates are passed during worship services. No financial records are used. Mormons are expected to give according to their conscience. Once a year, local LDS bishops hold tithing settlement meetings with families to ask if they've paid their full 10 percent. The church, based in Salt Lake City, releases no specifics of what it collects in tithes annually, although the amount by some estimates is several billion dollars.

On his tax returns, Romney reported that he gave the church $1.53 million in 2010 on income of $21.7 million, and in 2011 estimates he'll donate $2.6 million to the church, on expected income of $21 million. The 2010 amount is less than 10 percent, while the 2011 figure is higher than the expected tithe. A campaign official said the governor bases his tithes on estimated income, since he donates to the church at the end of the calendar year before his taxes are finalized. He plans to pay above the 10 percent in 2011, to make up for the underestimate the year before, the campaign official said.
We are still waiting for Mr Romney to release the promised 2011 tax returns, but we already know he didn't donate his 10% in 2010. There is also this:
As a practicing Mormon, Romney is required to tithe 10 percent of his income to the Church. According to the Securities and Exchange Commission between 1997 to 2008, Romney’s donations were given primarily in the form of stock options from companies such as Burger King and Domino’s Pizza.

In addition to a significant tax break for Romney, this form of donation allowed the Mormon Church to sell the stock without paying any capital gains tax. Although religious organizations do not legally have to disclose their financial information, a recent investigation by Reuters estimated that the Church of Latter Day Saints is worth close to $40 billion and collects close to $8 billion in tithes every year. Until the 1990s the money the church collected in tithes was held at the local level, but now it is sent directly to the church’s Salt Lake City headquarters, which keeps no financial accounting of the funds.
I don't think for a minute that Harry Reid is lying. The circles in the political and LDS world between all these people are too close for someone not to know this information. Mitt needs to release those tax returns.

and
Raine
 

35 comments (Latest Comment: 08/10/2012 02:03:21 by clintster)
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Comment by wickedpam on 08/09/2012 16:38:38
First!

Now to read the shiny new blog!

Comment by Scoopster on 08/09/2012 16:42:54
Innnteresting stuff here Raine. I shall have to share it with friends and discuss!

(and also share it with wisecracking random response robots )

Comment by Raine on 08/09/2012 16:50:40
Quote by Scoopster:
Innnteresting stuff here Raine. I shall have to share it with friends and discuss!

(and also share it with wisecracking random response robots )
I'm just sayin.... that's all!


Comment by Mondobubba on 08/09/2012 16:56:29
Oh it still has New Blog Smell

Comment by wickedpam on 08/09/2012 16:56:38
sounds like a lot of church in fighting -

I certainly would have trusted Huntsman over Rmoney any day. I swear who actually claims this man as a true, honest, friend?

Comment by Mondobubba on 08/09/2012 16:58:39
I think it might be time to mention "Under the Banner of Heaven"

Comment by Mondobubba on 08/09/2012 16:59:41
Quote by wickedpam:
sounds like a lot of church in fighting -

I certainly would have trusted Huntsman over Rmoney any day. I swear who actually claims this man as a true, honest, friend?



Mitt Romney, in his public life has never spoken a single word that is true. In his public life, he's as crooked as a snake.

Comment by livingonli on 08/09/2012 17:04:31
I guess Rmoney could have been voted in school, "Most likely to be a total dick".

Comment by Raine on 08/09/2012 17:10:54
Quote by Mondobubba:
I think it might be time to mention "Under the Banner of Heaven"
Heh...

Do you know who Robert C. Gay's father is? This was a shocker (to me at least).

Comment by Mondobubba on 08/09/2012 17:23:44
Eat Hearty, Godless Sodomites!

Chaz the intolerant Chik FilA chicken.

Comment by Mondobubba on 08/09/2012 17:25:37
Quote by Raine:
Quote by Mondobubba:
I think it might be time to mention "Under the Banner of Heaven"
Heh...

Do you know who Robert C. Gay's father is? This was a shocker (to me at least).



I was going to say Roman Grant

Comment by Raine on 08/09/2012 17:42:28
Quote by Mondobubba:
Quote by Raine:
Quote by Mondobubba:
I think it might be time to mention "Under the Banner of Heaven"
Heh...

Do you know who Robert C. Gay's father is? This was a shocker (to me at least).



I was going to say Roman Grant



Comment by Raine on 08/09/2012 17:43:54
This is rich.
Bloomberg asked Romney whether, if he was investing in a company, he would want to see more than two years of financial reports, likening that process to the American people electing a president. But Romney suggested the standards aren’t the same for people and businesses.

“I’m not a business,” he said. “We have a process in this country, which was established by law, which provides for the transparency which candidates are required to meet. I have met with that requirement with full financial ­disclosure of all my investments, but in addition have provided and will provide a full two years of tax returns.”



Comment by wickedpam on 08/09/2012 17:47:21
Mormons are starting to sound more and more like FreeMasons (but without the fez's and cool little cars ) to me

Comment by Mondobubba on 08/09/2012 18:00:23
Quote by wickedpam:
Mormons are starting to sound more and more like FreeMasons (but without the fez's and cool little cars ) to me



Those are Shriners, which are fancy Masons.

Comment by wickedpam on 08/09/2012 18:01:38
Quote by Mondobubba:
Quote by wickedpam:
Mormons are starting to sound more and more like FreeMasons (but without the fez's and cool little cars ) to me



Those are Shriners, which are fancy Masons.



oops! I thought they were the same just a different name - my fault and I have learned something new today

Comment by Raine on 08/09/2012 18:15:27
Well, I had never heard of this, but it certainly seems plausible.

Romney/Marriot and Son of BOSS

This is Son of BOSS

Comment by Raine on 08/09/2012 18:22:43
Quote by Raine:
Well, I had never heard of this, but it certainly seems plausible.

Romney/Marriot and Son of BOSS

This is Son of BOSS
This is from Bloomberg, last February.


Comment by Mondobubba on 08/09/2012 18:25:01
Quote by wickedpam:
Quote by Mondobubba:
Quote by wickedpam:
Mormons are starting to sound more and more like FreeMasons (but without the fez's and cool little cars ) to me



Those are Shriners, which are fancy Masons.



oops! I thought they were the same just a different name - my fault and I have learned something new today

\

There are many ranks in Free Masonry, when you hit 32nd Degree, you have a choice of advancing futher. There are Shriners, Scottish Rite and a couple of other advanced orders. Much to my grandfather's regret he couldn't afford to advance into the Shriners, there is a large commitment to charitable giving involved. He simply couldn't afford it

Comment by wickedpam on 08/09/2012 18:45:24
Quote by Mondobubba:
Quote by wickedpam:
Quote by Mondobubba:
Quote by wickedpam:
Mormons are starting to sound more and more like FreeMasons (but without the fez's and cool little cars ) to me



Those are Shriners, which are fancy Masons.



oops! I thought they were the same just a different name - my fault and I have learned something new today

\

There are many ranks in Free Masonry, when you hit 32nd Degree, you have a choice of advancing futher. There are Shriners, Scottish Rite and a couple of other advanced orders. Much to my grandfather's regret he couldn't afford to advance into the Shriners, there is a large commitment to charitable giving involved. He simply couldn't afford it



ahh, now I see why you call them fancy masons

Comment by Mondobubba on 08/09/2012 19:01:42
Quote by wickedpam:
Quote by Mondobubba:
Quote by wickedpam:
Quote by Mondobubba:
Quote by wickedpam:
Mormons are starting to sound more and more like FreeMasons (but without the fez's and cool little cars ) to me



Those are Shriners, which are fancy Masons.



oops! I thought they were the same just a different name - my fault and I have learned something new today

\

There are many ranks in Free Masonry, when you hit 32nd Degree, you have a choice of advancing futher. There are Shriners, Scottish Rite and a couple of other advanced orders. Much to my grandfather's regret he couldn't afford to advance into the Shriners, there is a large commitment to charitable giving involved. He simply couldn't afford it



ahh, now I see why you call them fancy masons



The Scots Rites Masons have a very cool building on 16th St. Sphinxes and such like, with gigantic doors.

Comment by wickedpam on 08/09/2012 19:04:08
Quote by Mondobubba:
Quote by wickedpam:
Quote by Mondobubba:
Quote by wickedpam:
Quote by Mondobubba:
Quote by wickedpam:
Mormons are starting to sound more and more like FreeMasons (but without the fez's and cool little cars ) to me



Those are Shriners, which are fancy Masons.



oops! I thought they were the same just a different name - my fault and I have learned something new today

\

There are many ranks in Free Masonry, when you hit 32nd Degree, you have a choice of advancing futher. There are Shriners, Scottish Rite and a couple of other advanced orders. Much to my grandfather's regret he couldn't afford to advance into the Shriners, there is a large commitment to charitable giving involved. He simply couldn't afford it



ahh, now I see why you call them fancy masons



The Scots Rites Masons have a very cool building on 16th St. Sphinxes and such like, with gigantic doors.



oh I've seen that building - that is cool



Comment by Mondobubba on 08/09/2012 19:30:14
Comment by Mondobubba on 08/09/2012 20:27:59
US 2 - Japan 1 :bites nailes:

Comment by Mondobubba on 08/09/2012 20:48:21
USA! USA! USA!

Comment by Mondobubba on 08/09/2012 20:55:54


Comment by Raine on 08/09/2012 21:01:05
Comment by Raine on 08/09/2012 21:02:04
Quote by Mondobubba:

:usa: :usa:








Comment by wickedpam on 08/09/2012 21:03:33




Nice!

Comment by Raine on 08/09/2012 21:09:08
Mondo -- was this game what you were so apprehensive about yesterday?

Comment by Mondobubba on 08/09/2012 21:28:40
Quote by Raine:
Mondo -- was this game what you were so apprehensive about yesterday?


Si! Revenge for the World Cup Lose last year.

Comment by Raine on 08/09/2012 21:44:56
Quote by Raine:
Quote by Raine:
Well, I had never heard of this, but it certainly seems plausible.

Romney/Marriot and Son of BOSS

This is Son of BOSS
This is from Bloomberg, last February.
... and Guess what?

the Obama campaign just came out with an ad about this VERY issue.


I am telling you... drip drip drip.

Comment by clintster on 08/09/2012 22:50:41
Don't know how many people are familiar with David Barton, but he is one of Glenn Beck's "historical sources." Seems his latest book has a few factual errors in it:


Casey Francis Harrell, director of corporate communications for Thomas Nelson, said that the publisher had gotten a number of complaints about the book. The publisher reviewed those complaints and found enough errors to cancel it.

“Because of these deficiencies, we decided that it was in the best interest of our readers to cease its publication and distribution,” said Harrell.


Comment by livingonli on 08/09/2012 23:26:17
Quote by clintster:
Don't know how many people are familiar with David Barton, but he is one of Glenn Beck's "historical sources." Seems his latest book has a few factual errors in it:


Casey Francis Harrell, director of corporate communications for Thomas Nelson, said that the publisher had gotten a number of complaints about the book. The publisher reviewed those complaints and found enough errors to cancel it.

“Because of these deficiencies, we decided that it was in the best interest of our readers to cease its publication and distribution,” said Harrell.

He is a big part of the Theocratic movement that exists within Fundamentalist Christianity and they are not above telling lies (or as they would say "correcting history") in order to brainwash people into supporting their repressive agenda.

Comment by clintster on 08/10/2012 02:03:21
Quote by livingonli:
Quote by clintster:
Don't know how many people are familiar with David Barton, but he is one of Glenn Beck's "historical sources." Seems his latest book has a few factual errors in it:


Casey Francis Harrell, director of corporate communications for Thomas Nelson, said that the publisher had gotten a number of complaints about the book. The publisher reviewed those complaints and found enough errors to cancel it.

“Because of these deficiencies, we decided that it was in the best interest of our readers to cease its publication and distribution,” said Harrell.

He is a big part of the Theocratic movement that exists within Fundamentalist Christianity and they are not above telling lies (or as they would say "correcting history") in order to brainwash people into supporting their repressive agenda.


I actually managed to find a copy of this book. I may turn this into a blog post.