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A Golden Web
Author: Raine    Date: 10/25/2012 13:53:39

A few days ago, I posted the following on my facebook page:

"I never saw a candidate so coddled by the media before in my life. Here is a man who dodged the draft, outsourced U.S. jobs, evades U.S. taxes, won't release his tax returns, banks offshore, invests in communist countries, destroyed hard drives, took his state from 36th-47th, hates half the country, and on TOP OF THAT; has no specifics or details on anything and his tax plan has been debunked every which way."
I thought of that statement as I was reading this from The National Memo: 10 Forgotten Scandals Surrounding Mitt Romney. Most of them we know about, as we are not prone to forget so easily here at 4F. One however gave me a head tilt moment. It was titled Mitt Romney 'Potentially Violating Ethics Laws'. What gave me a jaw drop was the next part:
Throughout Romneys tenure as governor of Massachusetts, the state did frequent business with a marketing company called Imagitas. The company, which was run by former Bain employees Tom Beecher and Tobin Ryan brother to Romneys running mate, Wisconsin Rep. Paul Ryan had been started based on loans from Bain while Romney was still running the company. When it was sold in 2005, Bain from which Romney still makes a massive amount of money through dividends, interest, and capital gains tripled its original stake.
From the linked article:
For three years from 1995, Tobin Ryan, who is now 47, was a senior manager at Bain & Company, the consulting firm where Mr Romney made his name. Mr Romney was at the time leading Bain Capital, the firms investment arm, inside the same Boston headquarters.

In March 1998, Mr Ryan left Bain to become a vice-president at Imagitas. The company had been co-founded by Tom Beecher, another former Bain consultant. Their company secured the $5 million (3.2 million) from Bain Capital in June 2000. Mr Ryan declined to say if he was involved in the deal. Mr Beecher declined to be interviewed.

A Bain Capital source said the investment was made by the company's Bain Capital Fund VI. While Mr Romney had by then taken what he called a leave of absence to run the 2002 Winter Olympics, SEC filings state that he remained sole stockholder, chairman, CEO and president of this funds two controlling entities. His campaign now claims that he retired "retroactively" in 1999.
But wait, there IS more.
In December 2001, Imagitas secured a contract with Wisconsin, whose then-governor, Scott McCallum, was a political ally of Paul Ryan, who is a US congressman for the state. Roger Cross, the administrator of Mr McCallums department of motor vehicles at the time, said: I know Tobin through politics, not business. Tobin Ryan declined to say whether he had been involved in the Wisconsin deal.

Imagitas announced a similar partnership with Massachusetts in July 2002, shortly before Mr Romney was elected as the states Republican governor, and just after Tobin Ryan says that he departed the company. Its work for the state continued for several years under Mr Romneys governorship. His officials boasted that it saved taxpayers tens of thousands of dollars a year.
[...]
Tobin Ryan has since 2009 been a private equity executive at the California-based Seidler Equity Partners. While he lists several past appointments on his biography at Seidlers website, he does not mention Imagitas.
Paul Ryan was picked as Romney's VP candidate on August 14. Let's talk about Tobin Ryan for a moment. From Fortune/Money/CNN:
Seidler is located just outside of Los Angeles, but Tobin Ryan works out of his home state of Wisconsin. He joined the firm in October 2010, following a three-year stint with local private equity firm King Equity.

Before that, he served as chief operating officer for Tomah Products, a maker of industrial ammonia that is now owned by Air Products & Chemicals Inc. (APD). It was during Ryan's time at Tomah that he first got to know the folks at Seidler, when the firm helped sponsor a management buyout from another outside shareholder. Tomah's CEO at the time, Steve King, is a major player in Wisconsin's Republican Party, last year serving as one of three transition team members for newly-elected RNC chair Reince Priebus.
[...]
So we've now got a former private equity executive running for president alongside the brother of a current private equity executive. Perhaps one of these days we'll learn if either one of them supports the industry's favorite tax break, in which partner profits ("carried interest") is treated as capital gains, rather than as ordinary income.

Paul Ryan's 2010 budget proposal called for an elimination of all capital gains taxes (he dropped that language for his more recent version), but also makes vague reference to closing various tax loopholes. In other words, either he wants a lower tax on carried interest or he wants it treated as ordinary income. He does not appear to have ever specifically discussed carried interest.


Is anyone still wondering why Mitt Romney picked Paul Ryan? John Nichols of the Nation wrote this back in August:
The ticket Republicans will nominate in Tampa next week is uniquely connected to the vulture capitalist constituency, and uniquely committed to protecting the interests of todays robber-baron class.

Paul Ryan grew up in a wealthy family with a Republican bent and all the right political and corporate connections.

He could easily have made his way into the private sectordoing business with family and friends, as have generations of wealthy Ryans.
Paul Ryan is a useful tool for our modern day Robber Barons. Of course he wants to stay in office, he's gives them all the right connections.

For all of the extreme social issues this GOP has taken, and for all of it's offenses, this perhaps is the most incestuous of all. Oh, and those other Romney scandals? Here is the list, you can read about them all here:

Posthumous Baptisms

Profiting From 9/11

Potential Voter Fraud

Profiting From Disposal Of Aborted Fetuses

Trying To Block A Lifesaving Abortion

Still Hiding Those Tax Returns (And That Over-stuffed IRA?)

Potentially Violating Ethics Laws (With Paul Ryans Brother)

His Sons Connections With A Ponzi Scheme

The White Horse Prophecy


Amazing.

&
Raine

71 comments (Latest Comment: 10/26/2012 12:41:47 by BobR)
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Comment by wickedpam on 10/25/2012 13:09:25
Morning

Comment by TriSec on 10/25/2012 13:11:10
B-but, I thought all black people voted for Obama, no matter what?



Comment by Mondobubba on 10/25/2012 13:21:09
Morning.

Comment by TriSec on 10/25/2012 13:25:27
With treatment on, and me pathetically reduced to sipping warm water so as not to offend Darth Vader, at least I have re-discovered the joys of hot chocolate.

Been drinking tea like a fiend, too. Alas, coffee is now a trigger for me. (icky.)

Not too bad so far this week - I even managed one shift in the floor-hockey game last night. Until I started sucking wind, that is.

Comment by Scoopster on 10/25/2012 13:30:54
Mornin' all.. Last day of the work week for me - tomorrow it's off to Philly!

Comment by wickedpam on 10/25/2012 13:33:05
ugh - just had to make a dentist appointment for tomorrow - have I mentioned how much of a coward I am when it comes to the dentist?

Comment by TriSec on 10/25/2012 13:37:42
Quote by wickedpam:
ugh - just had to make a dentist appointment for tomorrow - have I mentioned how much of a coward I am when it comes to the dentist?


*chortle* I bit my dentist once. He's a little gun-shy now, he rarely comes and sees me. I have a nice Chinese hygenist tending to me now.


Comment by wickedpam on 10/25/2012 13:45:20
Quote by TriSec:
Quote by wickedpam:
ugh - just had to make a dentist appointment for tomorrow - have I mentioned how much of a coward I am when it comes to the dentist?


*chortle* I bit my dentist once. He's a little gun-shy now, he rarely comes and sees me. I have a nice Chinese hygenist tending to me now.


Dr. K is super nice, everyone in the office is nice really. Never bit anyone but I did gag really bad on the xrays once


Comment by BobR on 10/25/2012 13:47:40


Comment by TriSec on 10/25/2012 13:58:54
BAA takes aim at Armstrong, too.


The Lance Armstrong doping scandal has reached all the way back to the 2008 Boston Marathon specifically, place No. 497.

According to executive director of the Boston Athletic Association Tom Grilk, it's likely that Armstrong's 2008 finish in the Marathon will join his seven Tour De France titles on a growing list of vacated results.

The probability is that [Armstrong's] result will be vacated, said Grilk Wednesday. We just haven't heard final word yet from the higher powers [United States Anti-Doping Agency] as to what specific time periods they have results for. But if 2008 is in their time frame, then there's no question his result will be expunged.

If Armstrong's results were thrown out, it would mean everyone who finished after No. 497 would move up.




Comment by wickedpam on 10/25/2012 14:07:51
I thought this was a pretty good ad



Comment by BobR on 10/25/2012 14:20:03
wow - this reminds me of when I heard about how rich people get on the Board of Directors of several companies, then install each other as CEO

Comment by Mondobubba on 10/25/2012 14:26:04
Dear male coworkers.

We are dudes, right? So as dudes, when you use the men's room here, use the urinals that is what they are for. If for some weird body shame reason you must use a stall to pee, LIFT THE MOTHERFUCKING SEAT, SHITHEAD! IF YOU DECIDE NOT TO LIFT THE SEAT, FUCKNUTS, WIPE YOUR GODDAMN PISS OFF OF IT, DOUCHENOZZLE.

Thank you.

Comment by Raine on 10/25/2012 14:30:28
Quote by BobR:
wow - this reminds me of when I heard about how rich people get on the Board of Directors of several companies, then install each other as CEO


A New blog is up, and it is to that Blog that Bobber was responding. I was a lot surprised myself.


Comment by wickedpam on 10/25/2012 14:31:00
Its rich people inbreeding.

Comment by Raine on 10/25/2012 14:32:37
Quote by wickedpam:
I thought this was a pretty good ad

Yes, it really is a very, very good ad.


Comment by Raine on 10/25/2012 14:41:00
Mala, Check your mail of electronics.

Comment by Raine on 10/25/2012 14:44:27
What is this caller talking about? The Trump divorce rumor?

Comment by wickedpam on 10/25/2012 14:51:18
Quote by Raine:
What is this caller talking about? The Trump divorce rumor?


missed it - was makin' copies - what he say?


Comment by wickedpam on 10/25/2012 14:52:19
Quote by Raine:
Mala, Check your mail of electronics.



of course now my email decides to give me a problem

Comment by TriSec on 10/25/2012 14:55:43
Two more Romney Scandals for ya...

You did mention the destroying the hard drives in passing, but that was significant in this Commonwealth. Those hard drives are all state property, not individual, and Romney gamed the system to "buy" them and replace the drives with new ones without transferring the information as required by state law...so there's one.

And his voting registration. Voter Fraud is still in play, as Romney is still registered out of Tagg's basement in Belmont, which in no way, shape, or form does he live there. (California Boy.)



Comment by wickedpam on 10/25/2012 14:57:49
Quote by wickedpam:
Quote by Raine:
Mala, Check your mail of electronics.



of course now my email decides to give me a problem


and now my email is down


Comment by wickedpam on 10/25/2012 15:03:01
Quote by wickedpam:
Quote by wickedpam:
Quote by Raine:
Mala, Check your mail of electronics.



of course now my email decides to give me a problem


and now my email is down


I'm going to step away and maybe if I ignore it, it will come back and play nice


Comment by Raine on 10/25/2012 15:22:38
HAHAHAHAHAHA... Hah.

FIRST LOOK – Rolling Stone cover, “Obama and the Road Ahead: The Rolling Stone Interview,” by Douglas Brinkley:
“We arrived at the Oval Office for our 45-minute interview … on the morning of October 11th. … As we left the Oval Office, executive editor Eric Bates told Obama that he had asked his six-year-old if there was anything she wanted him to say to the president. … (S)he said, ‘Tell him: You can do it.’ Obama grinned. … ‘You know, kids have good instincts,’ Obama offered. ‘They look at the other guy and say, “Well, that’s a bullshitter, I can tell.”’”


Comment by wickedpam on 10/25/2012 15:24:50
Quote by Raine:
HAHAHAHAHAHA... Hah.

FIRST LOOK – Rolling Stone cover, “Obama and the Road Ahead: The Rolling Stone Interview,” by Douglas Brinkley:
“We arrived at the Oval Office for our 45-minute interview … on the morning of October 11th. … As we left the Oval Office, executive editor Eric Bates told Obama that he had asked his six-year-old if there was anything she wanted him to say to the president. … (S)he said, ‘Tell him: You can do it.’ Obama grinned. … ‘You know, kids have good instincts,’ Obama offered. ‘They look at the other guy and say, “Well, that’s a bullshitter, I can tell.”’”





Comment by Mondobubba on 10/25/2012 15:57:05
Quote by Raine:
HAHAHAHAHAHA... Hah.

FIRST LOOK – Rolling Stone cover, “Obama and the Road Ahead: The Rolling Stone Interview,” by Douglas Brinkley:
“We arrived at the Oval Office for our 45-minute interview … on the morning of October 11th. … As we left the Oval Office, executive editor Eric Bates told Obama that he had asked his six-year-old if there was anything she wanted him to say to the president. … (S)he said, ‘Tell him: You can do it.’ Obama grinned. … ‘You know, kids have good instincts,’ Obama offered. ‘They look at the other guy and say, “Well, that’s a bullshitter, I can tell.”’”





Comment by TriSec on 10/25/2012 15:58:54
I'm mesmerized by Nate's maps.

Just staring at all the red states and visualizing the obviously piss--poor education systems and woefully uninformed voters that must exist in these places.

Are there no women in these states, or have they already reached that state of 1950s stay at home and make meat & potatoes and Old Fashioneds for the husbands whilst remaining barefoot and pregnant?

It truly boggles the mind.

Even more mind-boggling, if they can figure out a computer, there is somebody in a red state staring at the blue thinking equally untoward thoughts about us.



Comment by livingonli on 10/25/2012 15:59:48
Good morning.

I don't think this day got off to a good start since the cat puked her dry food on my blanket.

Comment by TriSec on 10/25/2012 16:02:38
Quote by livingonli:
Good morning.

I don't think this day got off to a good start since the cat puked her dry food on my blanket.


I'll see your cat puking on a blanket and raise you a dog puking under the dining room table during Thanksgiving Dinner. (True story.)

Even as an EMT, I don't handle emesis well. I'd rather fix bloody trauma.


Comment by TriSec on 10/25/2012 16:27:14
Comment by TriSec on 10/25/2012 16:36:39
Scott Brown can work with a Boehner!

*chortle, snort, middle school...*


Comment by Mondobubba on 10/25/2012 17:19:13



:straight face, deadpan: Pam Bondi the AG, ® is on top of this, she has the best interest of all of Florida's voters.


:loses composure doubles over laughing: Sure she does!

Comment by Mondobubba on 10/25/2012 17:25:13



In all seriousness, this is getting a good deal of play in the press.

Comment by Mondobubba on 10/25/2012 17:43:33
A woman dies and goes to Heaven. She's met by St Peter at the Pearly Gates. She is talking with him about her life and she spots an immense row of clocks next to the gates. "St. Peter what are all those clocks?" She asked. St. Peter says, "Those are lie clocks, every person living or dead has one. They show the number of lies you told in your life." He points to one of the clocks, the hands of which have never seemed to have moved. "This clock is Mother Theresa's, she never told a single lie in her life!" The woman nods, she's pretty impressed. St Peter points out a different clock, 'This one was Abe Lincoln's, see how it is 2 past? That means he told 2 lies." The woman looks St Peter in the eye and asks, "Where can I find Mitt Romney's clock?" St Peter doesn't miss a beat saying, "His is in my office. I use it as ceiling fan!"

Comment by Scoopster on 10/25/2012 17:43:46
Comment by wickedpam on 10/25/2012 17:51:06
Quote by Mondobubba:
A woman dies and goes to Heaven. She's met by St Peter at the Pearly Gates. She is talking with him about her life and she spots an immense row of clocks next to the gates. "St. Peter what are all those clocks?" She asked. St. Peter says, "Those are lie clocks, every person living or dead has one. They show the number of lies you told in your life." He points to one of the clocks, the hands of which have never seemed to have moved. "This clock is Mother Theresa's, she never told a single lie in her life!" The woman nods, she's pretty impressed. St Peter points out a different clock, 'This one was Abe Lincoln's, see how it is 2 past? That means he told 2 lies." The woman looks St Peter in the eye and asks, "Where can I find Mitt Romney's clock?" St Peter doesn't miss a beat saying, "His is in my office. I use it as ceiling fan!"





Comment by TriSec on 10/25/2012 17:51:59
Breaking - Romney testimony in 1990s divorce case unsealed

The rumor is there's a lot of unsavory financial details about Bain therein.



Comment by Raine on 10/25/2012 18:05:04
Quote by TriSec:
Breaking - Romney testimony in 1990s divorce case unsealed

The rumor is there's a lot of unsavory financial details about Bain therein.

Well howdee doo. ::scurries off to find more info ::


Comment by Raine on 10/25/2012 18:06:02
Quote by wickedpam:
Quote by Mondobubba:
A woman dies and goes to Heaven. She's met by St Peter at the Pearly Gates. She is talking with him about her life and she spots an immense row of clocks next to the gates. "St. Peter what are all those clocks?" She asked. St. Peter says, "Those are lie clocks, every person living or dead has one. They show the number of lies you told in your life." He points to one of the clocks, the hands of which have never seemed to have moved. "This clock is Mother Theresa's, she never told a single lie in her life!" The woman nods, she's pretty impressed. St Peter points out a different clock, 'This one was Abe Lincoln's, see how it is 2 past? That means he told 2 lies." The woman looks St Peter in the eye and asks, "Where can I find Mitt Romney's clock?" St Peter doesn't miss a beat saying, "His is in my office. I use it as ceiling fan!"



I second that!


Comment by Raine on 10/25/2012 18:27:20
Say now, I just had a thought about Mitt Romney and his *blind trust* and all of his money.

If the man seems to know so much about running a successful business -- we should note he hasn't done so until his retroactive retirement in 1999.

And making money? That has been in the hands of his trustee since 2002. Maybe the trustee should be the dude running for the GOP.

Romney is literally taking credit for things that other people have done for over a decade.

Comment by Raine on 10/25/2012 18:46:03
Quote by Mondobubba:



:straight face, deadpan: Pam Bondi the AG, ® is on top of this, she has the best interest of all of Florida's voters.


:loses composure doubles over laughing: Sure she does!
Well played, sir -- well played.


Comment by Raine on 10/25/2012 18:55:18
A question for our NE wing of the blog, Are you prepping for the storm?

We are.

and -- it already has a stupid name: Frankenstorm

Comment by wickedpam on 10/25/2012 18:58:43
Quote by Raine:
A question for our NE wing of the blog, Are you prepping for the storm?

We are.

and -- it already has a stupid name: Frankenstorm



prepping - no one said we should prep! As it stands right now it looks like I can't do the Halloween decorating outside till Halloween - good thing I took the day off!

Comment by Mondobubba on 10/25/2012 19:17:17
Comment by Raine on 10/25/2012 19:19:00
well, you can unclench. I preparing.


Comment by trojanrabbit on 10/25/2012 19:21:48
Quote by Raine:
A question for our NE wing of the blog, Are you prepping for the storm?

We are.

and -- it already has a stupid name: Frankenstorm


Latest thing I heard was at least in my area it would be equivalent to a Nor'easter. So the Cape & Islands and the coast may have problems with beach erosion.

ETA, though that track appears to be a bit different than what they were expecting this morning.

Comment by TriSec on 10/25/2012 19:23:23
I"m ready. Not doing anything different than other storm other than checking the ol' flashlight batteries.

One of the advantages of inland apartment living, I guess. Might be a couple of small things to move indoors, that's all.



Comment by wickedpam on 10/25/2012 19:28:00



still can't do my Halloween stuff cause of the wind *pouts*

Comment by trojanrabbit on 10/25/2012 19:28:08
Quote by TriSec:
I"m ready. Not doing anything different than other storm other than checking the ol' flashlight batteries.

One of the advantages of inland apartment living, I guess. Might be a couple of small things to move indoors, that's all.


They're supposed to be replacing the roofs in our complex starting this week. So hopefully everything is left in a non-blowable state when the storm starts.

Comment by Mondobubba on 10/25/2012 19:29:17
Quote by Raine:
well, you can unclench. I preparing.



Here is my fearless prediction: Storm hits the Gulf Stream and it sweeps along said Gulf Stream without hitting land.