Posts tagged “Mitt Romney”
November 2, 2012
At a press conference yesterday in Toledo, Bob King, President of the United Automobile Workers (UAW), announced that his union and Citizens for Responsibility and Ethics in Washington (CREW) have filed a formal complaint with the US Office of Government Ethics in Washington stating that Gov. Romney improperly hid a profit of $15.3 million to $115.0 million in Ann Romney’s so-called “blind” trust.
The union chief says, “The American people have a right to know about Gov. Romney’s potential conflicts of interest, such as the profits his family made from the auto rescue. It’s time for Gov. Romney to disclose or divest.”
“While Romney was opposing the rescue of one of the nation’s most important manufacturing sectors, he was building his fortunes with his Delphi investor group, making his fortunes off the misfortunes of others,” King added.
The Romneys’ gigantic windfall was hidden inside an offshore corporation inside a limited partnership inside a trust which both concealed the gain and reduces taxes on it.
October 23, 2012
Did you hear what Mitt Romney said in last night’s debate? That he would never do anything to hurt the US auto industry? Oh really?
Says Greg Palast, author of the NYT bestseller Billionaires & Ballot Bandits, ”as I reported in this week’s Nation magazine cover story “Mitt Romney’s Bail-out Bonanza“, the Romneys are in a special partnership with the vulture fund that bought Delphi, the former GM auto parts division.
The Romney vulture fund investment syndicate shipped every single UAW production job – EVERY job – to China.
Just after Nation broke the story, Washington newsletter The Hill received the Romneys admission of profiteering:
“Romney’s campaign did not deny that he profited from the auto bailout in an email to The Hill, but it said the the report showed the Detroit intervention was ‘misguided.’”
Read more at www.gregpalast.com.
Greg Palast breaks news in The Nation and Democracy Now that Mitt Romney made at least $15 million in the auto bailout
October 18, 2012
Because Mitt Romney refuses to divulge his 2009 tax returns, journalist Greg Palast cannot prove just how many millions of dollars Romney made off of the auto bailout. But it is at least $15.3 million and likely more than $100 million. In today’s Nation cover story, Palast, who first broke the “hanging chad” story, and in 2000 revealed how Katherine Harris removed thousands of innocent Black citizens from voter rolls as “felons,” exposes that while Romney was saying “Let Detroit Go Bankrupt” (New York Times OpEd, 2008), he was plotting a 3000% return on his investment in its resuscitation.
Adapted from a chapter in Greg Palast’s current New York Times bestseller, Billionaires & Ballot Bandits: How to Steal an Election in 9 Easy Steps (Seven Stories Press), which has an introduction by Robert F.
September 7, 2012
Who’s funding the super-PAC behind Mitt Romney, ironically called Restore Our Future? Greg Palast’s new book, Billionaires & Ballot Bandits (out 9/18), will give you the answer and reveal these billionaires’ dirty pasts (and presents). Check out an excerpt from the book on Truthout.
“In ancient times, before the Supreme Court’s 2010 decision in Citizens United, the maximum amount you could give a candidate for president, legally, was two thousand dollars. And, until 2010, to legally donate to a candidate, you had to 1) have a first and last name, 2) be a citizen of the United States, and 3) breathe oxygen.
Then, in 2010, the US Supreme Court’s Citizens United v. Federal Election Commission decision (followed by a lower-court decision, SpeechNow.org v. FEC) blew the doors off the limit on secret political campaign contributions. “Unnatural” persons—headless, heartless creatures called corporations—could now spend in election campaigns. And, unlike us mere mortals, these corporate creatures are not limited to two thousand dollars.