News around the Internet - Negative Ads against Gingrich, Romney, Bain Capital, Restore Our Future - Romney
PAC, Instructions on wearing Mormon Undergarments -Clear Channel Radio
Stations and Romney Connection. LDS Church - the Mormon Church
Moving to practice what he preached about running a positive campaign
and no personal attacks, the Gingrich campaign fired its Iowa political
director after learning he had called Mormonism a "cult" which is the
religion of Mitt Romney's. Romney and his super pack never the less started
a multi million dollar negative campaign with personal attacks and false
statements about Newt Gingrich.
 Some Conservatives
said, "Romney needs to change his underwear along with
his
negative campaign policy".
<Mormon
Undergarments - The Mormon Church instructs its endowed members to wear
temple garments "according to the instructions given in the endowment" which
states that "you must wear the garment throughout your life." In the
Church's Handbook of Instructions, leaders are instructed to tell members
they "should wear the garment both day and night". Members are told that
they should not partially or completely remove the garment to participate in
activities that can "reasonably be done with the garment worn properly
beneath the clothing". Members are instructed to keep garments clean and mended
and to refrain from displaying them or exposing them to the view of others
who may not understand their significance.
News Source LDS Church Temples
FALSE STATEMENTS BY Willard 'Mitt' Romney.
"Gingrich made 1.6 million dollars lobbying for Freddie Mac"
"Gingrich had to resign in disgrace"
"Gingrich said, “Spanish is the language of the ghetto."
Easy one liner sound bytes for the media- lies and distortions during the debates and his
negative ads sour us on Mitt.
How would you relay the synopsis of the information below -
during a debates in only 30 seconds) ???
Without the public having all the information, who can blame them for
thinking Newt is unethical. In reality
Willard "Mitt" and his big buck backers are unethical.
Romney keeps saying, "Gingrich made 1.6
million dollars lobbying for Freddie Mac"
LOBBYIST - FALSE - The Gingrich Group acted as a consultant. Newt is and has
been a historian on housing.
The word "consultant" appears over a hundred times in Freddie Mac Agreement
with Gingrich Group
Read the Document
Mitt Romney charged Gingrich with "influence peddling."
Gingrich knew the relevant law and in 2000 even hired the co-author of a
legal text on lobbying to advise him.
GINGRICH MADE $1.6 Million Dollars - FALSE - Gingrich Group was the
recipient.
What did Gingrich eventually put in his pocket? Romney gives the false
impression of $1.6 million dollars in Newt's pocket.
Romney refused to account for the number of years, by the 30 employees or by
the overhead and rent.
Gingrich said, 'My interest in housing and my interest in helping relatively
poor Americans have a chance to buy a house is very real and goes back a
long way. I was approached to offer strategic advice. What I didn't do and
would not do is I didn't go and lobby the Congress. I didn't go and lobby
the executive branch. I didn't try to represent any position I didn't
believe in beforehand. And I think that's a very big difference between
being a lobbyist and being a strategic consultant.
"To the best of my knowledge, it ended about the time that we were going
into a tailspin, but I'd have to go back. It was clear by that stage that
what you had was a giant bubble because you had loan requirements that had
collapsed to a point of absurdity, where people could get mortgages who had,
you know, no credit history, no down payment, et cetera. And having been a
professor of history and somebody who had actually looked at economic
history over time, it was very clear that this was a bubble that was
developing that had bad consequences. I've had a long period of being
concerned about housing. Jack Kemp and I worked on housing issues back in
the '80s. I supported Rick Lazio strongly when we were in charge of the
Congress and he passed a housing reform bill. You could see in
conversations, particularly by 2007, that the loan standards were becoming
absurd. That was just -- that was patently obvious. What you couldn't see
was that the Federal Reserve would tighten up in a way that you suddenly had
a huge credit crunch. And I think that's a very different part of the
problem.
It calls for $25,000 in fees monthly for the year 2006. It has been
previously disclosed that Gingrich was paid more than $1.6 million by the
mortgage giant over an eight-year period.
Gingrich Group has had as many as 30 employees at any one time. We've had
offices in Atlanta, where the headquarters are, in Washington and in St.
Louis, Missouri. It has - with the Center for Health Transformation, it
acquired a very large number of members. And I think that the Freddie Mac
payments were actually a relatively small percentage of the total income of
Gingrich Group over the last 10 or 11 years.
Excerpts from Greta Van Susteren Interview
"Gingrich had to resign in disgrace"
Background - It was a personal vendetta on the part of one of Gingrich's
former political opponents. OVER his teaching a College Course.
Democrats did not argue that the College course Gingrich taught was not
educational. It plainly was. But suggested that the standard for
determining wrongdoing was whether any unclean intent lurked in the heart of
the creator of the course, even if it was unquestionably educational.
The charges received saturation coverage in the major media outlets with
more than 10,000 references to Gingrich's ethics problems during the six
months leading to his reprimand. It ended with a special counsel hired by
the House Ethics Committee holding Gingrich to an astonishingly strict
standard of behavior, after which Gingrich in essence pled guilty to two
minor offenses. Afterwards, the case was referred to the Internal Revenue
Service, which conducted an exhaustive 3 year investigation.
Unlike many in Congress - and journalists, too - IRS investigators obtained
tapes and transcripts of each session during the two years the course was
taught at Kennesaw State College in Georgia, as well as videotapes of the
third year of the course, taught at nearby Reinhardt College. IRS
officials examined every word Gingrich spoke in every class; before
investigating the financing and administration of the course. And then,
after it was all over and Gingrich was out of office,
the IRS concluded that Gingrich did nothing wrong. The
course was, in fact, educational, the IRS said. After all the struggle,
Gingrich was exonerated.
WHY GINGRICH RESIGNED - Gingrich persuaded fellow Republicans in the
House of Representatives to vote "yes" on the ethics charges against him in
order to put a swift end to the proceedings. Doing so helped lawmakers move
on the balancing the budget to get it behind us to get back to the things
that mattered," Gingrich said. At the center of the controversy was a course
Gingrich taught from 1993 to 1995 at two small Georgia colleges. The
wide-ranging class, called "Renewing American Civilization," was conceived
by Gingrich and financed by a tax-exempt organization called the Progress
and Freedom Foundation. Gingrich maintained that the course was a legitimate
educational enterprise; his critics contended that it had little to do with
learning and was in fact a political exercise in which Gingrich abused a
tax-exempt foundation to spread his own partisan message.
In January, 1997, Gingrich agreed to make a limited confession of wrongdoing
in which he pleaded guilty to the previously unknown offense of failing to
seek sufficiently detailed advice from a tax lawyer before proceeding with
the course. (Gingrich had in fact sought advice from two such lawyers in
relation to the course.) Gingrich also admitted that he had provided
"inaccurate, incomplete, and unreliable" information to Ethics Committee
investigators. That "inaccurate" information was Gingrich's contention
that the course was not political - a claim the committee did not
accept, but the IRS later would.
In return for those admissions, the House reprimanded Gingrich and levied an
unprecedented $300,000 fine. The size of the penalty was not so much
about the misdeed itself but the fact that the Speaker was involved in it.
Why did Gingrich admit wrongdoing? Gingrich attorney Jan Baran said
in 1999. "He was admitting to whatever he could to get the case over with."
"The atmosphere at the time was so rancorous, partisan, and personal that
everyone, including Newt, was desperately seeking a way to end the whole
thing."
The Gingrich case was driven in significant part by a man named Ben
Jones. An actor and recovered alcoholic who became famous for playing
the dim-witted Cooter in the popular 1980s TV show The Dukes of Hazzard,
Jones ran for Congress as a Democrat from Georgia in 1988. He won and served
two terms. He lost his bid for re-election after re-districting in 1992, and
tried again with a run against Gingrich in 1994. Jones lost decisively. Two
days before Election Day 1994, with defeat in sight, Jones hand-delivered a
complaint to the House ethics committee (the complaint was printed on "Ben
Jones for Congress" stationery). Jones asked the committee to investigate
the college course, alleging that Gingrich "fabricated a 'college course'
intended, in fact, to meet certain political, not educational, objectives.
Stunned by their loss of control of the House - a loss engineered by
Gingrich - House Democrats began pushing a variety of ethics complaints
against the new Speaker. Jones' complaint was just what they were looking
for. That was the beginning of the investigation.
Full News Article Here
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FALSE STATEMENT - BY Willard 'Mitt' Romney,
Gingrich said, “Spanish is the language of the ghetto."
Gutter Politics of “Ghetto”. When asked about an ad being run by the
Romney campaign which falsely accuses Speaker Gingrich of saying “Spanish is
the language of the ghetto (Newt never mentioned Spanish and was making a
point about the importance of learning English to succeed in America, saying
that immigrant children are failed by bilingual education because they do
not learn adequate English skills to succeed), Governor Romney claimed, “I
haven’t seen the ad, so I’m sorry. I don’t get to see all the TV ads.”
Yet in the ad, Governor Romney says (in Spanish) that he approves the
message. So was he lying during the debate or was he lying about approving
the message?
News Source
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Clear Channel Communications - Just before Romney's first run for
President, Bain Capital became one of the owners of Clear Channel. Clear
Channel owns more radio stations (850) than anyone else in the U S. They
also own Premiere Radio Networks, the company that syndicates radio shows. Clear
Channel basically owns conservative talk radio in the United States. Mitt
Romney is not running Bain Capital anymore. He is a "retired partner", but
he still has a fat financial stake. Clear Channel was bought out by two
private-equity firms, Thomas H. Lee Partners and Bain Capital Partners for
$18.7 billion in 2006.
Restore Our Future, the super PAC backing Mitt Romney, has
purchased another $5 million worth of TV time in Florida for the last week
of the primary season. The buy is on top of the $4 million that Restore Our
Future bought on Florida TV during the previous six weeks.
RESTORE OUR FUTURE
- Have you received
their letters and postcards distorting or outright lying about Gingrich and
Santorum? See millions of dollars of media ads in day by day documents
from Federal Election Commission Reports. Romney "Big Buck
Backers"
Willard "Mitt" Romney News
By pro-Romney, we mean anti-Newt Gingrich. The Restore Our Future ads
principally bash the former U.S. House Speaker for his tenure in Congress in
the 1990s (as disgraceful) and his subsequent work as a Washington D.C.
consultant, (they call him a lobbyist) for the federally-backed mortgage
company Freddie Mac.
Former Bain Capital official Ed Conard, who was a top official at
Bain, the private-equity firm Romney helped create has been a strong
supporter of his over the years. Made a 1 Million Dollar donation, to the
super PAC "Restore Our Future" which was founded by former Romney advisers
and is able to take in unlimited contributions, but must report them to the
FEC - He used a post office box number, which is illegal. He eventually came
clean and so did Restore Our Future.
Under Romney's leadership, Bain became one of the nation's top
leveraged-buyout firms, helping lead a trend in which companies were
acquired using debt often pledged against their own assets or earnings.
Bain expanded many of the companies it acquired. But like other
leveraged-buyout firms, Romney and his team also maximized returns by firing
workers, seeking government subsidies, and flipping companies quickly for
large profits. Sometimes Bain investors gained even when companies slid into
bankruptcy.
Romney himself became wealthy at Bain. He is now worth between $200 million
and $250 million, much of it from his time running the investment firm and
current interest and gains on investments..
Bain managers said their mission was clear. "I never thought of what I do
for a living as job creation," said Marc B. Walpow, a former managing
partner at Bain who worked closely with Romney for nine years before forming
his own firm. "The primary goal of private equity is to create wealth for
your investors."
Four of the 10 companies Bain acquired declared bankruptcy within a few
years, shedding thousands of jobs. The prospectus shows that Bain investors
profited in eight of the 10 deals, including three of the four that ended in
bankruptcy
Leveraged buyouts allow investors to purchase businesses with the
acquisition funded sometimes by significant amounts of debt. To critics,
these leveraged deals can make acquired companies more vulnerable to
economic downturns, leading to a greater likelihood of bankruptcy and job
cuts. At the same time, the deals sometimes introduce discipline to firms
and even whole industries that need it.
Either way, Bain investors typically profited.
That was true in the case of GS Industries, the 10th-biggest Bain investment
in the Romney years. Bain formed GSI in the early 1990s by spending $24
million to acquire and merge steel companies with plants in Missouri, South
Carolina and other states.
Company managers cut jobs and benefits almost immediately. Bain and other
investors received management fees from GSI and a $65-million dividend in
the first years after the acquisition. In 1999, as economic challenges
mounted, GSI sought a federal loan guarantee intended to help steel
companies compete internationally. The loan deal was approved, but in 2001,
before it could be used, the company went bankrupt, two years after Romney
left Bain. Over 700 workers were fired, losing their jobs, health insurance,
severance and part of their pension benefits. GSI retirees also lost their
health insurance and other benefits. Bain partners profited about $50
million on their initial investment, a financial double.
Associates of private equity firm Bain Capital have fueled his political
campaign more than any other.
In all, current and former executives and family members of Bain Capital
have contributed more than $2.7 million to Romney’s state and federal
campaigns, leadership political action committees and Massachusetts
gubernatorial inauguration fundraising committee, as well as the independent
Restore Our Future super PAC backing Romney’s White House bid, according to
the report.
Bain Capital-related totals don't include more than $55.5 million that
Romney either personally contributed or loaned to his electoral committees
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