From Boomberg
Romney Critical of Government Aid That Helped Bain Profit
Mitt Romney likes to say that “government does not create prosperity.” His record in the private equity industry shows otherwise.
During Romney’s years as chief executive of Bain CapitalLLC, companies owned by the firm received millions of dollars in benefits from a variety of state and local government economic development programs.
EXCERPT:
In California, taxpayer money built one Bain company a conveyor bridge between two of its buildings. New York City gave another Bain company tax breaks and lower energy bills to discourage it from moving to New Jersey. And in Indiana, a county government issued bonds to help buy new equipment for a Bain-owned steel plant — a business success featured in a Romney campaign ad touting his private sector prowess…
SNIP:
The public-private agreements, which began in the first decade of Romney’s tenure as CEO, show that government played a supporting role in establishing Bain as among the nation’s most successful private equity firms and enabling him to accumulate a fortune his campaign says could reach $250 million.
From Think Progress:
What did Mitt ROB-ME tell Americans?
I LIKE FIRING PEOPLE!
LET DETROIT GO BANKRUPT!
STUDENTS “SHOP AROUND” FOR THE BEST LOANS!
LET FORECLOSURES RUN THEIR COURSE!
I WILL REPEAL OBAMACARE!
I’LL GET BACK WITH YOU ON FAIR PAY FOR WOMEN!
