Report suggests Trump-slamming Romney made $20k for each American his company laid off

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Can we have our 2012 vote for president back? We are pretty sure there are a lot of Republicans saying that, after Willard “Mitt” Romney joined Judas Iscariot and Benedict Arnold as the world’s best-known traitors.

Romney of course, in an amazing display of “intestinal fortitude” won over the Hollywood hypocrites and left-wing media outlets by voting to impeach President Trump on one of two impeachment articles.

In so doing, Romney became the only Senate member in history to vote against his party’s president. Of course, the people cheerleading for him are the same people who raked him over the coals when he dared run against the golden child, Barack Obama.

But hey, Mitt…look who you’ve got on your side. Legislative stalwarts like Nancy Pelosi, Chucky Schumer, Adam Schiff, AOC…you know, all the great minds. 

Then there’s Hollyweird…from Marc Hamill to Ben Stiller, Alyssa Milano to Bette Midler, Romney…our hero!

Media? Brian Stelter, Rachel Maddow, Jake Tapper…well played there Mitt. Those crocodile tears though? Best left to the phonies in Hollywood. 

Let us re-introduce you to Bain Capital, the hedge fund which Romney ran between 1984 and 1999. Romney earned a living and earned huge profits for investors that ultimately left both small and medium-sized American companies bankrupt and forced to layoff thousands of American workers.

According to AOL Finance, it is estimated that Romney earned about $20,000 for every American worker who was laid off as a result of Bain Capital’s investments.

The periodical states:

Romney himself profited handsomely from his time running Bain Capital.

Although the exact details of his personal finances are not available, news reports estimate his net worth at somewhere between $190 and $250 million, much of it derived from his Bain Capital days. Very rough math might suggest that Romney made as much as $20,000 per job lost.

As of today, Romney still gets millions from Bain Capital, which has a net worth of about $105 billion. According to the New York Times, in a 2011 piece, they reported on Romney’s retirement package with Bain Capital, which he negotiated prior to leaving the firm.

From 2000 to 2009, Romney profited from Bain’s “four global buyout funds and 18 other funds, more than twice as many overall as Mr. Romney had a share of the year he left,” according to the Times.

In 2011, Romney reported $12.4 million to $60.9 million worth of assets from Bain Capital, which equated to about $1.5 million to $9.3 million in income for him. Likewise, Romney’s wife Ann had a blind trust that secured them at least another $4.1 million in income deriving from Bain Capital assets.

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According to the AOL Finance piece, Bain Capital purchased five companies that ended up in bankruptcy, even though Bain Capital walked away with enormous profits.

American Pad & Paper- Bain Capital spent $5 million as an investment in this small paper company in 1992 and collected $100 million in dividends on the investment. The company went bankrupt in 2000, laying off 385 employees.

Dade Behring- Bain reportedly invested $415 million in a leveraged buyout in 1994, then borrowed an additional $421 million and walked away with $1.78 billion. The company filed for bankruptcy in 2002 and 2,000 workers lost their jobs.

DDI Corporation- Bain Capital invested $46.3 million in 1997, securing $85.5 million in profits and an additional $10 million in management fees. The company later went bankrupt, costing 2,100 workers their jobs.

GS International- This particular transaction wasn’t as profitable for Bain Capital; the firm invested $60 million in 1993 and received $65 million in dividends. That company also went bankrupt and put 750 workers out on the streets.

State Stores- Bain Capital spent $5 million to purchase the company, then took it public in the mid 1990’s, realizing over $100 million from stock offerings. Stage filed for bankruptcy in 2000 and 5,795 workers were laid off.

This is not to say that Romney did not enjoy any success while at Bain Capital. Some companies they invested in, such as Staples, Domino’s and Sports Authority (now defunct) enjoyed some success, and the company did create in excess of 100,000 jobs while Romney was there.

Still, it is clear that Romney profited financially at the expense of those who lost their jobs.

While Romney was governor of Massachusetts, the state ranked 50th out of 50 states in his first year in office, according to MarketWatch.

Things “improved” slightly afterward, however at the end of his first term, Massachusetts was still 47th, with only Michigan and Ohio, two heavy manufacturing states, and Louisiana, post-Katrina the only states lagging behind. At the time, national job growth was at more than 50%, while Massachusetts crawled along at 0.9%.

Funny how Romney invoked God and his faith in trying to justify his betrayal of President Trump and more importantly his constituents.

He didn’t seem to embrace God’s message back when he was raking in enormous sums of money on the backs of laid off workers while he was at Bain Capital.

Speaking of politicians who try and use “God” to manipulate voters… how about Nancy Pelosi?  

It’s been widely reported that at the end of President Trump’s State of the Union speech on February 4th, House Speaker Nancy Pelosi ripped up a copy of the president’s address. However, aside from the act being viewed as “aggressively rude” by CNN’s Brian Stetler, was the House Speaker’s actions during the address an illegal move?

According to 18 U.S.C. §  1361, that may very well be the case.

While closing the State of the Union speech, President Trump was delivering a warm sendoff to those in attendance. He closed things out with the following sentiments:

“And my fellow Americans, the best is yet to come. Thank you, God bless you and God bless America.”

Video of the president’s closing statements circulated online in a near-instant viral fashion, but not because of what the president stated. Instead, if was the actions of Speaker Pelosi that fueled the online conversation starter, when she ripped up a copy of the president’s address right on camera.

Report suggests Trump-slamming Romney made k for each American his company laid off
Nancy Pelosi was seen ripping up President Trump’s State of the Union address. (Screenshot – YouTube)

 

You can see Pelosi collect the documents containing the president’s speech, and tear them in half. Of course, it’s not surprising to see that Pelosi’s actions gained the support of Squad member Rashida Tlaib.

 

Then again, what more would one expect from Tlaib since she’s the same person who had to be escorted out of Trump speech delivered at the Detroit Economic Club in August 2016.

 

The million-dollar question is whether what Pelosi did was actually illegal at the State of the Union address or simply just childish. The legality of Pelosi’s actions would be highly contingent upon whether a copy of the president’s speech is considered a “public record or document”.

In a logical sense, it certainly seems to be the case.  

Public records, by definition, are documents or pieces of information that are not considered confidential and generally pertain to the conduct of government.

Furthermore, a State of the Union address pertains specifically to government endeavors and accomplishments. So, for arguments sake, we’ll observe that a copy Trump’s speech falls under that legal definition of a “public record or document”.

 

According to the United States Department of Justice Archives, through their listings within the Criminal Resource Manual, laws regarding the theft or destruction of public records state the following:

“The taking of a public record or document is prohibited by 18 U.S.C. § 641. The destruction of such records may be reached under 18 U.S.C. §  1361. In both instances, however, proving a $100 loss, the prerequisite to a felony conviction, may be difficult. Thus, neither of these statutes adequately protects government records.”

According to the language listed, the mere act of destroying these kinds of documents are criminal, but determining if they’re a misdemeanor or felony gets a little dicey. Take for example someone tearing up a copy of a marriage certificate, which is often public record. One could easily determine the value of a legal marriage certificate since someone paid for a copy of it, which that act likely wouldn’t be felonious since they typically run $20 for a copy.

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So, how does one determine the value of a copy of Trump’s State of the Union address that was afforded to Pelosi? It can depend on a number of things, such as would the mere stationary’s value be considered since they were never “sold” to attendees.

Or, would the document’s value be contingent upon what the free market would be willing to pay for that copy Pelosi tore up. If the worth would be attributed by the “fair market value”, then whether or not the document was personally signed by Trump could certainly create a discussion of if it’s valued over $100 or not.

For instance, mere photographs of President Trump that bear his authentic signature go for nearly $500 online.  Another thing to consider in this matter is whether Speaker Pelosi intentionally destroyed the speech in her hand that evening.

It’s fairly obvious she did, since she proceeded to tear portions of the speech separately, establishing intent in front of news cameras around. The law’s components of both intent of the act and also knowledge that they’re public record were outlined in the United States v. Simpson and the United States v. DeGroat.

With all things considered, assuming the copy of the speech is valued at over $100, then Speaker Pelosi could face up to three years in prison and a $2,000 fine. Now if she were to ever actually be prosecuted is a completely different speculation altogether. Whether or not legal filings result down the road, the White House wasn’t exactly pleased with the juvenile displayed according to their Twitter account.

 

In all honesty, we’re not at all entertained by the display either. However, perhaps a shredding of the articles of impeachment against President Trump would make for a clever retort.


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