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Obama raises over twice as much money than Romney at Romney's old Firm Bain Capital

Original post made by Hank Lawrence, Menlo Park: Sharon Heights, on Jan 10, 2012

The Washington Post, a newspaper renowned for its "progessive" views has reported that Barack Obama raised over twice as much cash from Bain Capital, the Boston private-equity firm co-founded by Romney than Mitt Romney himself. Score Obama $76,000 Romney $34,000

According to the Washington Post "Obama has brought in more money from employees of banks, hedge funds and other financial service companies than all of the GOP candidates combined".

For more details please refer to this link

Web Link

Comments (14)

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Posted by Burl
a resident of Menlo Park: Belle Haven
on Jan 10, 2012 at 11:55 am

Hank - Very interesting! Article is 3 months old, any updates on those numbers?

When is Romney going to release his tax returns so we can see how much Bain paid him last year?

That's the place where he learned to "like to fire people", isn't it?


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Posted by Burl
a resident of Menlo Park: Belle Haven
on Jan 10, 2012 at 11:58 am

From Ricky Perry: "I had to shake my head yesterday when one of the wealthiest men I suppose has ever run for the presidency of the United States, the son of a multimillionaire, Mitt Romney, he said 'I know what it's like to worry about whether you're going to get fired. There were a couple times when I worried about whether I was going to get a pink slip.' He actually said this," the Texas governor said at a campaign stop in Anderson.

"I have no doubt that Mitt Romney was worried about pink slips, whether he was going to have enough of them to hand out because his company Bain Capital with all the jobs that they killed, I'm sure he was worried that he'd run out of pink slips," he continued."


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Posted by Burl
a resident of Menlo Park: Belle Haven
on Jan 10, 2012 at 12:02 pm

Mitt's pretty good at federal bailouts - he fleeced the feds for $10 million, enough to pay for his vacation cabin in New Hampshire:

Web Link

"Mitt Romney's rescue of a business consulting firm was achieved in part by convincing the Federal Deposit Insurance Corp. to forgive roughly $ 10 million of the company's debts, according to sources close to the deal and federal records obtained by The Boston Globe"


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Posted by Burl
a resident of Menlo Park: Belle Haven
on Jan 10, 2012 at 12:06 pm

So sorry, forgot the link about Romney getting paid millions every year from the job killers at Bain:

"(Romney)negotiated a retirement agreement with his former partners that has paid him a share of Bain's profits ever since, bringing the Romney family millions of dollars in income each year and bolstering the fortune that has helped finance Mr. Romney's political aspirations.

The arrangement allowed Mr. Romney to pursue his career in public life while enjoying much of the financial upside of being a Bain partner as the company grew into a global investing behemoth.

In the process, Bain continued to buy and restructure companies, potentially leaving Mr. Romney exposed to further criticism that he has grown wealthier over the last decade partly as a result of layoffs. Moreover, much of his income from the arrangement has probably qualified for a lower tax rate than ordinary income under a tax provision favorable to hedge fund and private equity managers, which has become a point of contention in the battle over economic inequality..."

Hank - nice guy!


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Posted by Hand
a resident of Atherton: Lloyden Park
on Jan 10, 2012 at 1:00 pm

Burl

You missed Hanks point - everyone finds personally unlikable.

Bain guys know him, like many republicans hate him, aand donate to others.


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Posted by Hank Lawrence
a resident of Menlo Park: Sharon Heights
on Jan 10, 2012 at 2:41 pm

You leftists can take comfort in Obama winning California. I'll take comfort in Romney winning the Nation. The American Public has wised up to Obama's chicanery. You remember those U-Tube videos of people eurphorically screaming "Great I don't have to pay my rent and my car payment". I wonder how dissapointed those people were when them found out that those ACORN democrat operatives were flat out lying to them? Then of course there is the rest of the country that will resoundingly repudiate Obama's failed experiment with socialism.


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Posted by Burl
a resident of Menlo Park: Belle Haven
on Jan 10, 2012 at 2:53 pm

"You remember those U-Tube videos of people eurphorically screaming "Great I don't have to pay my rent and my car payment"."

What on earth are you talking about?

What in the world are they peddling to you on Fox these days?


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Posted by Burl
a resident of Menlo Park: Belle Haven
on Jan 10, 2012 at 2:55 pm

Hand: thanks

I didn't get the obvious - even those that have worked with Mitt detest the man enough to support Obama over him!

thanks for bringing it out Hank!!


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Posted by Burl
a resident of Menlo Park: Belle Haven
on Jan 10, 2012 at 7:14 pm

Spectacular failure by Mitt tonight in New Hampshire.

Spends millions and millions of dollars in NH, owns a ten million dollar house in the state, spent the last 7 years campaigning in NH.

Yet more than 6 out of ten Republicans hate the guy. So much for inevitability.

He got 75,000 votes in NH 4 years ago. Looks like he'll barely get that again tonight.

Exit polls say he DID do really well with the over $200K income crowd - 51% Web Link

His numbers in NH and Iowa are about the same as Kerry got in 2004. John Kerry got 38% in Iowa and 38% in New Hampshire in 2004. Mitt Romney got just 25% in Iowa and is now at 38% in New Hampshire.

The Kerry/Mitt comparisons will start soon, and they'll go on a long time!

McCain got more voters out in NH last time around than this group did.

Fail.

oops, new numbers: at 63% reporting - 2 of 3 republicans don't like Mitt.

Epic fail.

Hey Hank - good luck with Mittens.


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Posted by Hank Lawrence
a resident of Menlo Park: Sharon Heights
on Jan 11, 2012 at 8:30 am

The Miami Herald reported this morning that Florida voters prefer Romney over Obama. Imagine that. Obama steals $500 Billion from Medicare and he expects seniors to vote for him? The way Obama is cratering it will be an uphill battle for him to even carry Dade or Broward counties.

Obama will carry the Northeast, Illinois, the left coast, and Hawaii. Flyover country, with few exceptions, will vote resoundingly for Romney. The failed experiment with European Socialism only has 375 days left. The clock is ticking.

[Portion deleted.]


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Posted by Burl
a resident of Menlo Park: Belle Haven
on Jan 11, 2012 at 9:27 am

"Obama will carry the Northeast, Illinois, the left coast, and Hawaii."

Doesn't need Florida, though if he gets it, it's game over for Mitt. It's that simple.

If Obama gets Ohio and Iowa, Mitt loses. The same with Florida. Or, if Obama gets Colorado and Nevada, same thing, Mitt loses. Another unbeatable combo - Virginia and North Carolina - Mitt loses.

Obama won all those against McCain - that's why it was such a HUGE landslide in 2008.

Are you saying Bain-boy Mitt is a better candidate than war hero, Maverick, capture the independents John McCain?

Really? Y'all loved McCain back in 2008, go back and look at your posts.

The polls in the next couple months will show an artificial boost for the GOP because they're out there getting all the coverage in their primary.

Once it settles on Mitt and folks see that Mitt will just be a return to Bush job losses and tax cuts for the wealthy, polls will change.


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Posted by Burl
a resident of Menlo Park: Belle Haven
on Jan 11, 2012 at 9:30 am

Can't let the Medicare blather pass without honoring it with a little sunshine...

Nice Fox talking point on the cutting of $500 billion in corporate welfare for private health insurance companies. Medicare Plus was a boondoggle, basically giving corporate welfare to insurance companies to provide the same services Medicare already provides, at a much lower cost to taxpayers.

Unless Hank, you like giving our tax dollars to for-profit health insurance companies - do you? Are you a big government conservative?

Or were you on Medicare Plus, and think you deserve special treatment from the government? Oh, I get it, you LOVE GOVERNMENT, when it's on your side!!!


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Posted by Hank Lawrence
a resident of Menlo Park: Sharon Heights
on Jan 11, 2012 at 10:26 am

[Post removed. Repeat of earlier post.]


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Posted by Burl
a resident of Menlo Park: Belle Haven
on Jan 11, 2012 at 10:40 am

Didn't answer the above question in your re-paste of your previous post:

Are you saying Bain-boy Mitt is a better candidate than war hero, Maverick-y, capture-the-independents John McCain?

Nor did you respond why you personally like Medicare Plus and it's corporate welfare subsidies to health insurance companies - are you a big government conservative, as asked above?


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