Fact Check: Romney ignores a huge recession and other causes of nation's mounting debt

Mitt Romney speaks during a campaign stop, Tuesday, May 15, 2012, in Des Moines, Iowa. Full Story

“False Prophet”

Since: Jan 08

hamilton

#1 May 15, 2012
Romney didn't know there was a recession. he doesn't know much at all

he could never have a lengthy discussion with Ron Paul. No neo-con could. but they are certainly going to have to face him
imaginaryfriend

Garden City, MI

#2 May 15, 2012
Twitty the cruel Bully cannot relate to normal people. The Bush depression was created by their overspending spree on unpaid for wars, tax cuts for the rich, and deregulating Wall Street which led to the big bomb. Twitt agrees with the Bush economic disaster. He said so. The GOP wants to drown our government in the bathtub. Norquist said so. This election IS choosing between democracy or gop fascism,(corporatism). Wise people will choose democracy. Vote Obama/Biden 2012! Your life DOES depend on it!

“False Prophet”

Since: Jan 08

hamilton

#3 May 16, 2012
imaginaryfriend wrote:
Twitty the cruel Bully cannot relate to normal people. The Bush depression was created by their overspending spree on unpaid for wars, tax cuts for the rich, and deregulating Wall Street which led to the big bomb. Twitt agrees with the Bush economic disaster. He said so. The GOP wants to drown our government in the bathtub. Norquist said so. This election IS choosing between democracy or gop fascism,(corporatism). Wise people will choose democracy. Vote Obama/Biden 2012! Your life DOES depend on it!
You're absolutely correct. But Ron Paul is the answer. Bill Clinton helped create the bubble as well enticing people into homes then lifting rates they couldn't afford.

Ron Paul 2012. Punish the neo-con coalition

“Lying for the Lord”

Since: May 12

Heartland USA

#4 May 24, 2012
"Let Detroit Go Bankrupt" in which Romney stated "If General Motors, Ford, and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye. It won’t go overnight, but its demise will be virtually guaranteed."

In December, 2008, when President Bush signed the initial auto bailout loan for GM and Chrysler, Romney said, "allowing the US auto industry to collapse is not a responsible course of action."

“Lying for the Lord”

Since: May 12

Heartland USA

#5 May 29, 2012
Mitt Romney's financial gain from Medicare fraud:

In 1989, Romney led Bain Capital's purchase of Damon Corp., a medical testing company, and took a seat on the Board of Directors to better manage it. During Romney's four years, Bain tripled its investment, and Romney personally made $473,000 -- while Damon plumped its profits with Medicare fraud (running thousands of medical tests doctors didn't want, and billing Medicare for them). The company pled guilty to crimes committed during his tenure and paid a record fine of $119 million. Company President Joseph Isola pleaded no contest to fraud, and a vice president was also convicted.

“False Prophet”

Since: Jan 08

hamilton

#6 May 30, 2012
Romney did not win Texas

&fe ature=related

Since: Dec 07

Spring, TX

#7 May 30, 2012
imaginaryfriend wrote:
Twitty the cruel Bully cannot relate to normal people. The Bush depression was created by their overspending spree on unpaid for wars, tax cuts for the rich, and deregulating Wall Street which led to the big bomb. Twitt agrees with the Bush economic disaster. He said so. The GOP wants to drown our government in the bathtub. Norquist said so. This election IS choosing between democracy or gop fascism,(corporatism). Wise people will choose democracy. Vote Obama/Biden 2012! Your life DOES depend on it!
The democrats drunken spending spree caused it, nothing else.

Dems passed a minimum wage in 2007, and within 12 months job growth stopped and job losses started mounting. The Dems covered for Fannie Mae in 2005 when the issue of oversight in the loans they secured was raised; doing so enabled Fannie to gorge on sub-prime loans
The Dems fought for restrictions on drilling offshore and they attacked oil co CEOS; it gave OPEC the green light to jack up oil prices via restricting supply, knowing we would do nothing about it except attack our own Oil cos with exploration-restricting higher taxes!
The Dems signalled in 2007 that we would end the Bush tax cuts; That meant long-term investor sentiment would be worse; it meant a recession loomed and it was only a matter of time. This killed the bull market.
The Dems pushed for phony "check-in-the-mail" stimulus in Dec 2007 and rejected pro-growth agenda items.
The Dems increased spending rapidly in 2007 and 2008, overspending in every possible area and forcing Bush to veto multiple pork-filled bills; even despite the vetoes a huge number of earmarks and pork was passed. This gave the Fed less flexibility early on as they were worried about inflation and deficits.
The Dems wanted failure at home and abroad to stick around bush’s neck so they constantly ‘talked down’ the economy, to the point where in June 2008 Sen Schumer caused a run on IndyMac bank with his comments, and it forced FDIC takeover of the bank. In October 2008, Sen Reid made similar dangerous comments about the insurance companies.

Since: Dec 07

Spring, TX

#8 May 30, 2012
The Lying Mormon wrote:
Mitt Romney's financial gain from Medicare fraud:
In 1989, Romney led Bain Capital's purchase of Damon Corp., a medical testing company, and took a seat on the Board of Directors to better manage it. During Romney's four years, Bain tripled its investment, and Romney personally made $473,000 -- while Damon plumped its profits with Medicare fraud (running thousands of medical tests doctors didn't want, and billing Medicare for them). The company pled guilty to crimes committed during his tenure and paid a record fine of $119 million. Company President Joseph Isola pleaded no contest to fraud, and a vice president was also convicted.
Romney worked for 2 years at the Boston Consulting Group, and then got hired by Bain Consulting in 1977 where he became a vice president in 1978. He had success working with companies like Outboard Marine Corp., Burlington Industries, Monsanto, and Corning. In 1984, Romney started the venture capital firm Bain Capital, LLC

At Bain Capital, Romney helped start new companies and turned around failing ones. He was behind the start up of Staples. Starting with one store in 1986, Staples now is the world's largest office products company with $24 billion in sales in 2009. He also helped companies such as Sealy, Brookstone, The Sports Authority, and Domino's, resulting in the employment of over 125,000.
conservative crapola

Allentown, PA

#9 May 30, 2012
rugby flip:'I think the minimum wage ought to keep pace with inflation.'

rugby flop:'There's no question raising the minimum wage excessively causes a loss of jobs.'

Sonnyboy is brainwashed, just like daddy-o was.

Since: Dec 07

Spring, TX

#10 May 30, 2012
conservative crapola wrote:
rugby flip:'I think the minimum wage ought to keep pace with inflation.'
rugby flop:'There's no question raising the minimum wage excessively causes a loss of jobs.'
Sonnyboy is brainwashed, just like daddy-o was.
Nobama flip: I will get rid of Bush tax cuts.
Nobama flop: Make the Bush tax cuts permanent, with the exception of lower rates for individuals making more than $200,000 a year and couples making more than $250,000.
Nobama flip: I will close Gitmo
Nobama flop: Gitmo is still there
Nobama flip: I will get rid of Patriot Act
Nobama flop: Patriot extended twice by Obama.

You be brainwashed, you da one who voted for him!!!
conservative crapola

Allentown, PA

#11 May 30, 2012
Hold on to your tampon. The con tax cuts expire soon.
conservative crapola

Allentown, PA

#12 May 31, 2012
Bluebonnets-Thistle wrote:
<quoted text>
Romney worked for 2 years at the Boston Consulting Group, and then got hired by Bain Consulting in 1977 where he became a vice president in 1978. He had success working with companies like Outboard Marine Corp., Burlington Industries, Monsanto, and Corning. In 1984, Romney started the venture capital firm Bain Capital, LLC
At Bain Capital, Romney helped start new companies and turned around failing ones. He was behind the start up of Staples. Starting with one store in 1986, Staples now is the world's largest office products company with $24 billion in sales in 2009. He also helped companies such as Sealy, Brookstone, The Sports Authority, and Domino's, resulting in the employment of over 125,000.
As we've learned by now, rugby starting staples was just another lie. He turned down their loan 3 times. He was overruled by the more intelligent component of bain, caved, and reluctantly signed off on the loan. The 4th attempt. Now there's some mavericky business know-how. Other's thinking for him......again.

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