Romney: "Hold Us Accountable"
Mitt Romney speaks during a campaign stop, Friday, Aug. 31, 2012, in Lakeland, Fla.
/ AP Photo/Evan Vucci"We've laid out, you've heard it many times, a five-point plan to get this country going," Romney said to a crowd of more than 1,000 people gathered at a Florida airport to see the newly minted GOP nominees for president and vice president. "We're going to go after these things. Measure us. Hold us accountable. Do the same with the president."
Romney asked to be held accountable no less than three times during his brief remarks to the crowd.
"We want to be held accountable for the promises we made last night, and the night before," Romney said. "Paul Ryan and I both spoke to the American people about what we'll do if we become president and vice president. And I contrast that with what the president said. Four years ago, when he was candidate Barack Obama, he got up [in 2008] and made a number of promises in Denver with the Greek columns behind him."
Obama has failed to follow through on his promises, Romney argued: "And the reason for that is not that he wasn't trying, in my view. It's that he was pulling in the wrong direction."
Romney told the crowd he'd been slightly embarrassed by some of the stories told about his generosity by friends and members of his church who spoke on his behalf at the convention.
"Last night you got to know me a little better with some friends that talked about my life, the things that have been part of my life in the past," he said. "I talked to you a little bit about my family and I was embarrassed from time to time with the nice things that were said. Some people were overly generous, but I appreciated it."
Romney changed his initial travel plans and headed to New Orleans to join Louisiana Gov. Bobby Jindal in inspecting flood-stricken areas.
Ryan, meanwhile, praised his running mate's acceptance speech as a personal introduction that "brought us into his family." He was quick to pick up his role as attack dog, framing the next two months of campaigning as an opportunity for voters to choose a new path and seek leadership he said Obama has failed to provide.
"Coming out of Tampa, we have given our fellow countrymen a very clear choice," Ryan said. "We can either stay on the path that America has been placed upon by President Obama, a path of debt, a path of doubt, a path of decline, or we can get people back to work, we can restart growth in this economy and opportunity in our society."
Ryan opened his speech by asking the audience to pray for the victims of both an earthquake in the Philippines and Hurricane Isaac.
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And when he does mention something on monday, it is usually different on tuesday!
He did say he was going to wait to tell us specifics. I guess we have to elect him to find out how he will screew us!
In a pigs eye!
So all the supporters of Mitt please provide a list of what exactly Mitt is going to do. None of these general statements, specific statments like the ones you enjoy holding Obama to.
http://www.realclearpolitics.com/epolls/2012/president/ma/massachusetts_romney_vs_obama-1804.html
Can you 'splain how come MA has turned their back on you en mass just 4 year's after your term was up?
How can you be in such a state of denial as to not hold Obama accountable for the obvious, undeniable failure of his administration? Poverty is increasing, debt is skyrocketing, jobs are nowhere to be found, business and consumer sentiment are pathetic, and the economy is getting worse. These are FACTS. Obama owns this! Man up, have a little character, and accept responsibility.
Obama himself said if he didn't turn the economy around, he would be a one-term president. Well, it is time we held him to his word for a change.
....no matter how obvious and undeniable, they will always concoct ways to blame someone else.
Yeah Mitt how about that Federal Bailout of Bain you crafted. Nobody helped you with that, you built it all by yourself.
Thanks Rolling Stone for telling us what a wonderful scheming lawyer Mitt Romney is.
He Built It!
That's why I'm not voting for Bush W Redux
The GOP needs to be held accountable for putting America in two wars and the Great Depression 2 for more than 4 years. The GOP is still in the Penalty box
Rolling Stone is reporting the following;
The Federal Bailout That Saved Mitt Romney
Mitt Romney likes to say he won't "apologize" for his success in business. But what he never says is "thank you" - to the American people - for the federal bailout of Bain & Company that made so much of his outsize wealth possible.
According to the candidate's mythology, Romney took leave of his duties at the private equity firm Bain Capital in 1990 and rode in on a white horse to lead a swift restructuring of Bain & Company, preventing the collapse of the consulting firm where his career began. When The Boston Globe reported on the rescue at the time of his Senate run against Ted Kennedy, campaign aides spun Romney as the wizard behind a "long-shot miracle," bragging that he had "saved bank depositors all over the country $30 million when he saved Bain & Company."
In fact, government documents on the bailout obtained by Rolling Stone show that the legend crafted by Romney is basically a lie. The federal records, obtained under the Freedom of Information Act, reveal that Romney's initial rescue attempt at Bain & Company was actually a disaster - leaving the firm so financially strapped that it had "no value as a going concern." Even worse, the federal bailout ultimately engineered by Romney screwed the FDIC - the bank insurance system backed by taxpayers - out of at least $10 million. And in an added insult, Romney rewarded top executives at Bain with hefty bonuses at the very moment that he was demanding his handout from the feds.
...
But the FDIC documents on the Bain deal - which were heavily redacted by the firm prior to release - show that as a wealthy businessman, Romney was willing to go to extremes to secure a federal bailout to serve his own interests. He had a lot at stake, both financially and politically. Had Bain & Company collapsed, insiders say, it would have dealt a grave setback to Bain Capital, where Romney went on to build a personal fortune valued at as much as $250 million. It would also have short-circuited his political career before it began, tagging Romney as a failed businessman unable to rescue his own firm
[...]
With his rescue plan a bust, Romney was forced to slink back to the banks to negotiate a new round of debt relief. There was only one catch: Even though Bain & Company was deep in debt and sinking fast, the firm was actually flush with cash - most of it from the looted money that Bill Bain and other partners had given back. "Liquidity is strong based on the significant cash balance which Bain is carrying," one federal document reads.
Under normal circumstances, such ample reserves would have made liquidating Bain an attractive option: Creditors could simply divvy up the stockpiled cash and be done with the troubled firm. But Bain had inserted a poison pill in its loan agreement with the banks: Instead of being required to use its cash to pay back the firm's creditors, the money could be pocketed by Bain executives in the form of fat bonuses - starting with VPs making $200,000 and up. "The company can deplete its cash balances by making officer-bonus payments," the FDIC lamented, "and still be in compliance with the loan documents."
...
In March 1992, according to the FDIC documents, Romney approached the banks and played the bonus card. Allow Bain to pay off its debt at a deep discount, he demanded - just 35 cents on the dollar. Otherwise, the "majority" of the firm's "excess cash" would "be available for the bonus pool to its officers at a vice president level and above."
...
Romney's decision to place executive compensation over fiscal responsibility immediately put Bain on the ropes. By that July, FDIC analysts reported, Bain had so little money left that "the company will actually run out of cash and default on the existing debt structure" as early as 1995. If that happened, Bain employees and American consumers would take the hit - an alternative that analysts considered "catastrophic."
[...]
In the end, the government surrendered. At the time, The Boston Globe cited bankers dismissing the bailout as "relatively routine" - but the federal documents reveal it was anything but. The FDIC agreed to accept nearly $5 million in cash to retire $15 million in Bain's debt - an immediate government bailout of $10 million. All told, the FDIC estimated it would recoup just $14 million of the $30 million that Romney's firm owed the government.
It was a raw deal - but Romney's threat to loot his own firm had left the government with no other choice. If the FDIC had pushed Bain into bankruptcy, the records reveal, the agency would have recouped just $3.56 million from the firm.
[...]
Read more: The Federal Bailout That Saved Mitt Romney at Rolling Stone...
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Next time, just post the link and a short clip instead of the WHOLE.... FREAKING.... ARTICLE!
Just a hint :)
HAHAHA LOL. Get a grip.
To turn the GOP into a third party.