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January 09, 2012
I'm with Rick
No not that one, the other one:
Perry - who went to a steel manufacturer in Georgetown, SC, and a photo album company in Gaffney that he says gutted jobs as a result of Bain's actions - said that residents of those communities would be stunned by the remarks of "the son of a multi-millionaire."
"There's something inherently wrong when getting rich off failure and sticking it to someone else is how you do your business. I happen to think that is indefensible," he told the breakfast crowd of about 75 at Mama Penn's restaurant here in Anderson. "If you're a victim of Bain Capital's downsizing, it's the ultimate insult for Mitt Romney to come to South Carolina and tell you he feels your pain. Because he caused it."
22 percent of the money Bain Capital raised from 1987 to 1995 was invested in five businesses — Stage Stores, American Pad & Paper, GS Indusries, Dade, and Details. These five made Bain $578 million in profit, even as all five eventually went bankrupt.As the New York Post’s Josh Koshman wrote, “there’s little question [Romney] made a fortune from businesses he helped destroy.” Travis Waldron noted today that Romney’s company also boosted its profits — and thus enriched Romney — by abusing offshore tax havens.
Posted by Mike at January 9, 2012 01:08 PM
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