Day: May 18, 2012
Even the Staples Guy Says Mitt Was Trying to Make Money, Not Jobs
The only one who doesn’t know what the goal of Bain Capital was when Mitt Romney ran it is, apparently, Mitt Romney. Tom Stemberg, the Staples guy himself, says Bain was not trying to create jobs but was instead trying to create wealth for its principals. Duh.
A top surrogate to Mitt Romney said making money — rather than creating jobs — was the primary goal of the presumed Republican Party presidential nominee when he was running Bain Capital LLC, saying he “acted responsibly” as chief executive officer of the private-equity firm.
“The role of private equity as fiduciaries is certainly to make money,” said Tom Stemberg, the founder of Staples Inc. (SPLS), in an interview on Bloomberg Television’s “Political Capital.” Bain also helped businesses grow, so “these things had redeeming social value, in addition to making Mitt and his investors a lot of money.”
Stemberg made the remarks to set the record straight in an ad perceived as negative toward Romney, which portrays Mitt as a corporate raider. While objecting to that spot, Stemberg gave $20,000 to the Romney super-PAC Restore Our Future to make negative ads about Obama.
Trayvon Martin Murder Case Shows State Legislatures are Letting Gun Extremists Call the Shots
Is it self-defense if you pick a fistfight and then, when you realize the other person is winning, shoot to kill?
Laws that protect and encourage gun violence are moving America closer to becoming a society based on the whims of thousands of tiny militias
That’s the question legal reporter Dan Abrams poses in a column that gets to the heart of the Trayvon Martin/George Zimmerman mess.
Abrams finds that Florida’s NRA/ALEC written “Stand Your Ground” law contains two exceptions that could mean the answer is yes and that Zimmerman will go free.
