exactly. He keeps saying that he complied with the law. Kinda. Some people think he may be refusing to release his returns because he took advantage of that tax shelter amnesty a couple of years back. But sure. Investing in a company that outsources jobs is legal.
Does it make me think he knows how to create jobs in America, um, no. Furthermore the entire stupid mess he is in right now is of his own making, He is the one who decided to feature his time at Bain as proof he knows how bidness gets done. He said he was running on that record. Then he got all hurt when people decided to examine it. On Tue, Jul 17, 2012 at 9:45 AM, Michael Dinowitz < mdino...@houseoffusion.com> wrote: > > I wonder who else did the same thing? But then again, anyone else who did > the same is not running for president so it's not news. > > > On Mon, Jul 16, 2012 at 10:29 PM, Dana <dana.tier...@gmail.com> wrote: > > > > > In '02, Bain invested in software development in China (Updated) By > > ALEXANDER > > BURNS <http://www.politico.com/reporters/AlexanderBurns.html> | > > 7/16/12 3:18 PM EDT > > > > An arm of Bain Capital invested $4 million in a software company that > > intended to expand its operations in China shortly before Mitt Romney > > became governor of Massachusetts, according to press reports from the > time. > > > > According to a September 2002 article in Private Equity Week, Bain > Capital > > Ventures directed the multimillion-dollar investment to E5 Systems Inc., > an > > information technology startup that was looking overseas for > opportunities > > to grow. > > > > The Private Equity Week story about Bains investment quoted E5 CEO > Gordon > > Brooks cheering the new investment from Bain and others: We raised more > > than we set out to raise. In this environment you take the extra. It > gives > > us multiple years of runway and the ability to develop our China > > capabilities, which we think is the next big outsourcing destination. > > > > The trade publication explained further: The Boston-based company will > use > > the fresh capital to expand its off-shore centers and for general > corporate > > purposes. > > > > The fall of 2002 comes at the very end of the disputed period in which > > Romneys political opponents are arguing he should be accountable for > > corporate decisions made at Bain Capital. Romney and his campaign have > > repeatedly noted that he gave up his management responsibilities at Bain > > Capital in 1999, when he went to take over the Salt Lake City Olympics. > > > > Bain continued to list Romney as the head of the firm and its principal > > owner in SEC documents until 2002, in what Romney aides call a pro forma > > measure until a new management structure could be finalized. Romney > agreed > > to a retirement deal in 2001 that was signed in 2002, and retroactively > set > > his departure date as February 1999. > > > > Romneys campaign has not described what, if any, contact the Republican > > had with the private equity company during the years between his > > appointment to the Olympics post and his election as governor. > > > > Still, Democrats have continued to argue that Romney ought to be held > > responsible for Bains actions during the time he was still listed as a > top > > executive, and for decisions that could be viewed as the result of his > > actions as founder and CEO. > > > > Romney spokeswoman Amanda Henneberg dismissed the Private Equity Week > > story, reiterating the standard Romney campaign line that President > Barack > > Obama is seeking to divert attention from his own economic record. > > > > Its ridiculous that the Obama campaign is trying to attack Mitt Romney > > for investments made years after he left to save the Olympics, but is > > working overtime to deny responsibility for the terrible economy he is > > presiding over today, she said. > > > > One Romney adviser, speaking anonymously, said the E5 investment took > place > > well after the time [Romney] had any input into investments at Bain: > He > > didnt have any involvement in this particular deal. > > > > A subsequent story in Computerworld gave additional details on the E5 > deal > > in 2003, calling it part of a move toward entrusting application > > development work to China. Bain executive Dave Hamilton told the > > publication that cost was the only factor in the decision to invest in > > E5s Chinese development operations. > > > > *This item has been updated with additional information about the > timeline > > of > > > > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:352705 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
