Romney Caught in Two More Lies - When He Left Bain and His Ownership of Medical Waste Company

Romney Caught in Two More Lies - When He Left Bain and His Ownership of Medical Waste Company

Earlier this year, Mitt Romney nearly landed in a politically perilous controversy when the Huffington Post reported that in 1999 the GOP presidential candidate had been part of an investment group that invested $75 million in Stericycle, a medical-waste disposal firm that has been attacked by anti-abortion groups for disposing aborted fetuses collected from family planning clinics. Coming during the heat of the GOP primaries, as Romney tried to sell South Carolina Republicans on his pro-life bona fides, the revelation had the potential to damage the candidate's reputation among values voters already suspicious of his shifting position on abortion.

But Bain Capital, the private equity firm Romney founded, tamped down the controversy. The company said Romney left the firm in February 1999 to run the troubled 2002 Winter Olympics in Salt Lake City and likely had nothing to with the deal. The matter never became a campaign issue. But documents filed by Bain and Stericycle with the Securities and Exchange Commission—and obtained by Mother Jones—list Romney as an active participant in the investment. And this deal helped Stericycle, a company with a poor safety record, grow, while yielding tens of millions of dollars in profits for Romney and his partners. The documents—one of which was signed by Romney—also contradict the official account of Romney's exit from Bain.

The Stericycle deal—the abortion connection aside—is relevant because of questions regarding the timing of Romney's departure from the private equity firm he founded. Responding to a recent Washington Post story reporting that Bain-acquired companies outsourced jobs, the Romney campaign insisted that Romney exited Bain in February 1999, a month or more before Bain took over two of the companies named in the Post's article. The SEC documents undercut that defense, indicating that Romney still played a role in Bain investments until at least the end of 1999.

All politicians hedge on the truth a bit. We all expect that. Mitt Romney - Mr Values Mr. Stand-up Guy - Mr Morals seems to think this election cycle is a contest to see how many and often he can tell big lies. If Romney is the moral standard of Republican conservatism that say a lot about how far down in the stinking gutter conservatism has sunk. Many American seem to have learned nothing from the Bush-Cheney years - that when conservatives say they stand for values - they mean deeply repugnant values.

Crazy Conservative Carly Fiorina — a Mitt Romney surrogate Falsely Claims That Obamacare Would Harm Breast Cancer Patients. Carly studied truth telling at the Soviet Politburo when she was growing up.


Is there some wealth redistribution going on in the USA. Yes there is. Corporate America is taking all the profits from worker productivity. Can we call it class war yet? Corporate profits are at an all time high; wages are at an all time low