Green Eagle

I reported not too long ago about three companies that had the benefit of Mitt Romney's economic wizardry at Bain Capital, a sorry story if ever there was one.  Here's some more information, providing more detail about one of Romney's victims at Bain, the American Pad and Paper company, or Ampad: "Ampad, an ultimately bankrupt company backed by Bain ...laid off all 250 workers at an Indiana factory it purchased in 1994 and added debt to its rolls for years after. The company went into bankruptcy in 2000, holding a debt load of more than $400 million. Bain's return on its $5 million investment was $100 million. Out of a debt load of $170 million owed to unsecured creditors, Ampad ended up paying out less than $330,000, the filings show. That amounts to two-tenths of a cent for every dollar owed in that case." There's more at the link as well as here, at Daily Kos, which helpfully makes the following point: "Mitt Romney's Bain Capital...

Well, here comes the great businessman Mitt Romney, to run the country just the way he ran his company!  That, as we are going to hear incessantly, is exactly what we need to get our economy back on track, after Obama ruined it, back there in the couple of years before Obama was President.  We are going to have pounded into our heads the story that Romney's magnificent business success at Bain Capital demonstrates conclusively that the nation needs him in the White House.  Meanwhile, if the past is any indication, no one in the mainstream press is going to spend a minute trying to find out what really happened at Bain Capital as Romney made his huge fortune there.  So here is old Green Eagle to try to figure it out (pathetic, huh?), and here is what I have learned: First of all, let's set one thing straight.  People keep calling Bain a "venture capital" firm.  This is false.  Venture capitalists find enterpreneurs and finance their compainies, hoping...

Mitt Romney today: "I think there is in this country a war on religion. "I think there is a desire to establish a religion in America known as secularism." If Rick Santorum said something like this, you might be tempted to think that he really meant it.  When Mitt Romney says it, it is nothing but a lie.  Get ready- lies are all we are going to get from Romney for the next eight months.