Feeds:
Posts
Comments

Posts Tagged ‘Mitt Romney 2012’

Huff Post

By- Jason Cherkis

Posted: 08/11/2012  5:58 pm Updated: 08/11/2012  6:02 pm

WASHINGTON — As Rep. Paul Ryan (R-Wis.) has served more than a decade in Congress, President Barack Obama and his allies will surely be scouring his extensive voting record, if they haven’t done so already. But along with key votes, the Democrats have begun to highlight some of the questionable relationships that Ryan has acquired during his time in Washington. Among them, expect to see a re-examination of Ryan’s ties to former House Majority Leader Tom DeLay and disgraced lobbyist Jack Abramoff.

The pro-Obama super PAC American Bridge has already unveiled an opposition research book about Ryan that documents the Republican’s ties to those symbols of Washington excess. Information pulled from the book and elsewhere shows that Ryan was an ardent defender of DeLay.

One year before DeLay was indicted on conspiracy and money laundering charges, Ryan called the attacks “gutter politics at its worst,” according to the Washington Post. And added: “You’re going to see a big rallying around Tom.”

For that remark, a columnist for the Wisconsin State Journal wrote that Ryan had “put his head in the sand.” But Ryan only stepped up his defense of DeLay.

Six months before the indictment, Ryan called the investigation and ensuing public outcry over DeLay “an effort to ‘lynch him politically,’” according to Milwaukee Journal Sentinel.

Even after a Texas grand jury indicted DeLay on October 3, 2005, Ryan still refused to return $25,000 in donations from the then-former House Majority Leader. The Milwaukee Journal Sentinel reported that Ryan said he would only return the cash if DeLay was convicted.

Soon thereafter, Ryan, like others in Congress, had to deal with fallout over his ties to Abramoff. In January 2006, the lobbyist pleaded guilty to charges that he committed fraud, tax evasion and engaged in a conspiracy to bribe public officials. Ryan donated close to $2,000 to charity — the amount he received from a PAC for which Abramoff worked and from the lobbyist personally. Ryan said he wanted “to remove any shred of concern,” the Journal Sentinel reported.

A few months later, Ryan began to cut his ties to DeLay. The Capital Times reported in April that Ryan took a $27,500 donation from DeLay’s PAC and donated it to charity. Ryan said that he did so because one of DeLay’s former top aides pleaded guilty to conspiracy charges. “I believe it is appropriate to donate these contributions to charity, even though these contributions were perfectly legal and appropriate,” Ryan said in a statement at the time. “I simply want to remove any doubt in this matter.”

A jury convicted DeLay on money laundering charges in November 2010. He was sentenced to three years in prison. He is free pending his appeal.

VIDEO & MORE HERE

Read Full Post »

Chairman and CEO of Las Vegas Sands Corporation Sheldon Adelson. AFP PHOTO / AARON TAM

Reuters | Posted: 08/04/2012  1:25 pm Updated: 08/04/2012  2:55 pm

CHICAGO, Aug 4 (Reuters) – Las Vegas Sands Corp,  controlled by billionaire Republican donor Sheldon Adelson, is  the target of a federal investigation into possible violations  of U.S. money-laundering laws, the Wall Street Journal reported  on Saturday.

The Los Angeles U.S. attorney’s office is looking into the  casino company’s handling of the receipt of millions of dollars  from a Mexican businessman, later indicted in the United States  for drug trafficking, and a former California businessman, later  convicted of taking illegal kickbacks, the Journal said, citing  lawyers and others involved in the matter.

The transactions date from the mid-2000s.

The Journal said there are no indications that actions by  Adelson, who is the company’s chief executive officer and  largest shareholder, are being investigated.

The Los Angeles U.S. attorney could not be reached for  comment by Reuters on Saturday. A Sands spokesman was not  immediately available to comment to Reuters, but spokesman Ron  Reese told the Journal, “The company believes it has acted  properly and has not committed any wrongdoing.”

Reese said the company was cooperating with federal  investigators.

The timing of the investigation could open the Justice  Department to criticism that it is politically motivated, the  Journal said. Adelson is a major donor to the super PAC  supporting presumed Republican presidential nominee Mitt Romney  against President Barack Obama and plans to spend $100 million  on Republican candidates in November’s elections.

Adelson, who owns casinos in Las Vegas, Macau and Singapore,  began this campaign season as a major donor to Newt Gingrich  before Gingrich dropped out of the Republican presidential race.  He has since switched his support to Romney and last month was  in Jerusalem with the candidate when Romney met Israeli Prime  Minister Benjamin Netanyahu, who Adelson also strongly supports.

The Journal said the Las Vegas money-laundering  investigation focused on two “whales” – as big-money gamblers  are known – and whether Sands officials ignored warning signs  and did not alert federal authorities about millions of dollars  the gamblers had deposited.

The Journal identified one of the “whales” as Zhenli Ye Gon,  a Chinese-born Mexican national who was indicted in 2007 in the  United States on charges of dealing in materials used to make  methamphetamine.

The drug case was dismissed in 2009 but Ye Gon is still in  U.S. custody awaiting extradition to Mexico, where authorities  want to try him on drug trafficking and money laundering  charges, the Journal said, citing court records.

The Journal said Ausaf Umar Siddiqui, a former executive  with the Fry’s Electronics retail chain, also was under  scrutiny. Court filings in another case showed Siddiqui sent  more than $100 million to the Sands. Siddiqui was charged with  taking kickbacks from Fry’s vendors, pleaded guilty and is now  in prison.

U.S. authorities also are investigating the Sands to see if  there were breaches of the Foreign Corrupt Practices Act (FCPA),  which prohibits bribes to foreign officials by U.S. companies,  in its Macau operation.

HERE

Read Full Post »

By KASIE HUNT and KARIN LAUB  07/30/12 11:18 AM ET AP

JERUSALEM — Mitt Romney told Jewish donors Monday that their culture is part of what has allowed them to be more economically successful than the Palestinians, outraging Palestinian leaders who suggested his comments were racist and out of touch with the realities of the Middle East. His campaign later said his remarks were mischaracterized.

“As you come here and you see the GDP per capita, for instance, in Israel which is about $21,000 dollars, and compare that with the GDP per capita just across the areas managed by the Palestinian Authority, which is more like $10,000 per capita, you notice such a dramatically stark difference in economic vitality,” the Republican presidential candidate told about 40 wealthy donors who ate breakfast at the luxurious King David Hotel.

Romney said some economic histories have theorized that “culture makes all the difference.”

“And as I come here and I look out over this city and consider the accomplishments of the people of this nation, I recognize the power of at least culture and a few other things,” Romney said, citing an innovative business climate, the Jewish history of thriving in difficult circumstances and the “hand of providence.” He said similar disparity exists between neighboring countries, like Mexico and the United States.

Palestinian reaction to Romney was swift and pointed.

“It is a racist statement and this man doesn’t realize that the Palestinian economy cannot reach its potential because there is an Israeli occupation,” said Saeb Erekat, a senior aide to Palestinian President Mahmoud Abbas.

“It seems to me this man lacks information, knowledge, vision and understanding of this region and its people,” Erekat added. “He also lacks knowledge about the Israelis themselves. I have not heard any Israeli official speak about cultural superiority.”

MORE HERE

Read Full Post »


Nine SEC filings submitted by four different business entities after February 1999 describe Romney as Bain boss.

Firm’s 2002 filings identify him as CEO, though he said he left in 1999

By Callum Borchers and Christopher Rowland |  Globe Correspondent | Globe Staff July 12, 2012

Government documents filed by Mitt Romney and Bain Capital say Romney remained chief executive and chairman of the firm three years beyond the date he said he ceded control, even creating five new investment partnerships during that time.

Romney has said he left Bain in 1999 to lead the winter Olympics in Salt Lake City, ending his role in the company. But public Securities and Exchange Commission documents filed later by Bain Capital state he remained the firm’s “sole stockholder, chairman of the board, chief executive officer, and president.”

Also, a Massachusetts financial disclosure form Romney filed in 2003 states that he still owned 100 percent of Bain Capital in 2002. And Romney’s state financial disclosure forms indicate he earned at least $100,000 as a Bain “executive” in 2001 and 2002, separate from investment earnings.

The timing of Romney’s departure from Bain is a key point of contention because he has said his resignation in February 1999 meant he was not responsible for Bain Capital companies that went bankrupt or laid off workers after that date.

Contradictions concerning the length of Romney’s tenure at Bain Capital add to the uncertainty and questions about his finances. Bain is the primary source of Romney’s wealth, which is estimated to be more than $25o million. But how his wealth has been invested, especially in a variety of Bain partnerships and other investment vehicles, remains difficult to decipher because of a lack of transparency.

The Obama campaign and other Democrats have raised questions about his unwillingness to release tax returns filed before 2010; his offshore assets, which include investment entities based in Bermuda and the Cayman Islands and a recently closed bank account in Switzerland; and a set of “blind trusts” that meet the Massachusetts standards for public officials but not the more rigorous bar set by the federal government.

Romney did not finalize a severance agreement with Bain until 2002, a 10-year deal with undisclosed terms that was retroactive to 1999. It expired in 2009.

Bain Capital and the campaign for the presumptive GOP nominee have suggested the SEC filings that show Romney as the man in charge during those additional three years have little meaning, and are the result of legal technicalities. The campaign declined to comment on the record. It pointed to a footnote in Romney’s most recent financial disclosure form, filed June 1 as a presidential candidate.

“Since February 11, 1999, Mr. Romney has not had any active role with any Bain Capital entity and has not been involved in the operations of any Bain Capital entity in any way,’’ according to the footnote. Romney made the same assertion on a financial disclosure form in 2007, during his first run for president.

According to a statement issued by Bain Wednesday, “Mitt Romney retired from Bain Capital in February 1999. He has had no involvement in the management or investment activities of Bain Capital, or with any of its portfolio companies, since that time.”

MORE HERE

Read Full Post »

Las Vegas Sands Chairman and CEO Sheldon Adelson speaks at a news conference for the Sands Cotai Central in Macau Wednesday, April 12, 2012. (AP Photo/Kin Cheung)

HuffPost

Peter H. Stone

Posted: 06/16/2012 12:24 am Updated: 06/16/2012  2:06 am

WASHINGTON — Casino billionaire Sheldon Adelson, whose net worth makes him one of the world’s richest men, is on a check-writing spree that will soon bring his total political contributions in this election cycle to at least $71 million, according to sources familiar with his spending. That money is spread across the spectrum of GOP super PACs, which are required to disclose donors, and nonprofits, which are not.

Adelson and his wife, Miriam, along with other family donations, have already reached $36 million, including $10 million to the Romney-backing super PAC Restore Our Future that was reported this week. But two GOP fundraisers familiar with his plans say that Adelson has given or pledged at least $35 million more to three conservative nonprofit groups: the Karl Rove-linked Crossroads GPS, another with ties to billionaires Charles and David Koch and a third with links to House Majority Leader Eric Cantor (R-Va.).

Adelson, 78, is a staunch supporter of the Israeli right and a strong foe of American unions. In recent years, Adelson has been a major financier of GOP-allied groups, but has emerged this year as the consummate super donor in the wake of 2010 court rulings that permitted corporations, unions and individuals to supply unlimited amounts of money, sometimes anonymously, to independent groups that can advocate directly for candidates.

Adelson has told friends that he might give as much as $100 million in donations this year in support of GOP candidates and conservative issues. That target now seems easily within reach and could be surpassed, say the two GOP fundraisers with ties to the casino magnate.

Crossroads GPS — founded by GOP consultants Rove and Ed Gillespie in 2010 alongside the super PAC American Crossroads — could wind up as the major recipient of the casino titan’s largess, due to Adelson’s longstanding and close ties to Rove. Crossroads GPS has already received one $10 million cash infusion this cycle from Adelson, who, according to the two GOP fundraisers, recently committed to another donation of the same amount.

MORE HERE

Read Full Post »

Published on Jun 1, 2012 by

Learn more: https://my.barackobama.com/romneyeconomicsgopvid
Mitt Romney ran for governor of Massachusetts promising more jobs, decreased debt, and smaller government. By the time Romney left office, state debt had increased, the size of government had grown, and Massachusetts had fallen behind almost every other state in job creation.
Other Republicans agree: Romney economics didn’t work then, and it won’t work now.

Read Full Post »

Elections 2012, Barack Obama , Mitt Romney, Barack Obama , Barack Obama 2012 , Elections 2012, Video, Election 2012, Mitt Romney Massachusetts, Mitt Romney 2012, Mitt Romney Massachusetts Record, Romney Massachusetts, Romney Massachusetts Record, Politics News

Read Full Post »

Read Full Post »

Published on May 31, 2012 by

Learn more: http://www.RomneyEconomics.com
Mitt Romney ran for Governor of Massachusetts promising more jobs, decreased debt, and smaller government.
Here’s what Massachusetts got instead:
Jobs: 47th out of 50 states in job creation Taxes and fees: Increased more than $750 million per year Long-term debt: Increased more than $2.6 billion
Fact is, Romney economics didn’t work then, and won’t work now.

 

Read Full Post »

Huff Post

Elise Foley  Posted: 05/08/2012 1:06 pm Updated: 05/08/2012 3:17 pm

A Latino-vote outreach program on Tuesday plans to stress to voters that the president has failed on immigration reform and deported a record number of people, said the Republican National Committee’s top Hispanic outreach coordinator.

But so far, it doesn’t have a message on what Republicans would do on the issue themselves, and specifically the plans of presumptive Republican nominee Mitt Romney. In fact, coordinator Bettina Inclan told reporters, Romney didn’t have his immigration policy mapped out and the RNC would not yet be able to talk about it to Latino voters.

The RNC quickly tried to take back the statement, telling reporters who tweeted it that Inclan’s words were misunderstood — or that she was misquoted. Kirsten Kukowski, a spokeswoman for the RNC, said message coordination between the RNC and the Romney campaign is still in its early stages because challenger Rick Santorum only dropped out of the race two weeks ago.

Still, the statement by Inclan seemed to indicate the RNC’s lack of message on immigration, despite an increased effort to turn out Latino voters. Below is the full quote from Inclan, that Kukowski would later say was misconstrued:

I think that as a candidate, to my understanding that he’s still deciding what his position on immigration is, so I can’t talk about what his proposal is going to be because I don’t know what Romney exactly — he’s talked about different issues, and what we saw in the Republican primary is that there’s a diverse opinion on how to deal with immigration. I can’t talk about something that I don’t know what his position is.

A few minutes later, after apparently reading tweets from reporters on the phone and in the room, Kukowski said they were misreporting the statement.

“I want to clear something up. As far as what Governor Romney’s positions are on immigration, that is for him and his campaign to talk about, and they will tell you what their policies are,” she said. “In this room right now, and what we do at the RNC from a Hispanic outreach perspective, is on-the-ground community outreach in the Hispanic community.”

MORE HERE

Read Full Post »

Older Posts »

Follow

Get every new post delivered to your Inbox.

Join 504 other followers

%d bloggers like this: