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Monday, January 30, 2012

How Bain's Lobbying Saved Mitt Millions

With the sting of defeat in the South Carolina primary still fresh at last week's Republican presidential debate in Tampa, Mitt Romney slammed Newt Gingrich for his record as a consultant—or "historian," in Newt-speak—for government mortgage-backer Freddie Mac.
But perhaps Romney should think twice before setting his sights on the former speaker's lobbying-related past. That's because the ex-governor has benefited handsomely from the influence-peddling of Bain Capital, the private equity firm he cofounded in 1983. Though he's been gone from Bain for over a decade, Romney continues to rake in millions from accounts with the firm—and in 2007, he took Bain's side in a key lobbying battle with Washington—one that saved him millions of dollars.


lmclain said...

Again, I must ask the question -- who is he going to look out for if he becomes President? He will NEVER be President, so that's just a rhetorical question, but he is trying hard to be "one of the guys", when it's painfully obvious he is NOT. He reminds me of a used car salesman, smiling as he tries his damndest to convince you that the piece of trash he is attempting to sell you is a real gem.

Anonymous said...

The GOP has already decided that Romney will be our nominee, don't you listen to the news. What the people want is not the issue, just ask Ann Coulter. She is very clear Gingrich won't get the nomination.
Romney looks like a Ken doll.