Romney Got $10 Million Federal Bailout at Bain

Mitt Romney received a $10 million bailout from the Federal Deposit Insurance Corp. in 1991, an event that runs contrary to the multimillionaire’s current anti-bailout position.

Documents obtained by the Boston Globe show that the FDIC negotiated a $10 million forgiveness with Bain & Co. while Romney was chairman and CEO in 1993.

The negotiations were part of a deal designed to reduce the debt load at the company, which was near bankruptcy. The FDIC had been forced to seize Bank of New England, who was a creditor of Bain’s.

In 2008, in a New York Times op-ed titled “Let Detroit Go Bankrupt,” Romney argued  that “Detroit needs a turnaround, not a check.”

In May of 2011, Chrysler succesfully paid  the U.S. Treasury back $5.1 billion from its federal bailout, while a study found  that 1.14 million jobs were saved by the bailout of the auto industry.

The Romney Con

Mitt Romney is a two-faced phony! The man is consistently inconsistent on all political matters. He is a big government Neo-Conservative who receives massive contributions from Wall-Street lobbyist.  There is a candidate who values honesty, morality and consistency. The one, the only, Ron Paul.

Ron Paul Doubles Vote Tally, Captures Equal Number of Delegates As Romney/Santorum

Ron Paul heads to New Hampshire having more than doubled his 2008 Iowa vote tally, secured an equal number of Republican delegates as Romney and Santorum, and is projected to beat Santorum into a strong second-placed finish in next week’s primary.

After weeks of intense and sustained smear attacks by the establishment media, during which Paul was labeled everything from “dangerous,” to “disgusting,” to “racist” and even called a “terrorist,” the Texan Congressman still managed to secure 26,219 votes compared to 11,841 votes in 2008 – finishing third behind Romney and Santorum.

Crucially, Paul has obtained an equal number of delegates to both Santorum and Romney – seven in total.

“Paul may actually be the real winner of the first Republican voting contest,” writes Grace Wyler . “That’s because Paul’s massive organizational push in Iowa focused on both winning votes, and also on making sure that Paul supporters stuck around after the vote to make sure they were selected as county delegates — the first step towards being elected as a delegate to the Republican National Convention.”

In comparison to Ron Paul doubling his tally, Mitt Romney received marginally less votes than he did in 2008 despite the millions of dollars his campaign spent in the state. Indeed, as Michael Brendan Dougherty notes , “75 percent of Republican Caucus-goers want someone that isn’t Mitt Romney – a result that reflects polls nationwide.” Romney is also expected to perform poorly in the southern states, where his brand of big government isn’t welcomed.

Saying he was the recipient of “one of three tickets out of Iowa,” Paul noted that Rick Santorum’s surprise showing is highly unlikely to be replicated anywhere else, and that he and Romney were the top two going into next week’s primary.

Santorum received a blow on the eve of voting yesterday when his own nephew penned an op-ed warning that his uncle was “another big-government politician who supports the status quo,” urging people to vote for Ron Paul.

Although Romney is the clear frontrunner in New Hampshire, Paul is currently running a strong second according to the New York Times’s caucuses projection . Paul is forecast to take 19.1 per cent of the vote, with Santorum significantly behind with just 5.2 per cent of the projected vote.

Two recent polls out of New Hampshire  also show Paul holding down a strong second-placed finish, with Santorum nowhere to be seen. Paul is also forecast for a 3rd place finish in South Carolina  and Florida behind Gingrich and Romney.

“We’ve had success reintroducing some ideas Republicans have needed for a long time. And that is the conviction that freedom is popular,” Paul said in his speech last night. “Let’s go back to to this real old fashioned idea, this dangerous idea: let’s obey the Constitution,” he added, urging his supporters to press on to New Hampshire with renewed momentum.

by Paul Joseph Watson

Ron Paul at the CNBC Republic Debate

Ron Paul continues to be the only candidate who offers anything of value to American citizens, including a balanced budget plan. In addition, people continue to plug their ears and support the same crooks who run on both sides of the political circus.

The confusion of the People

The proles, also known as the electorate, are desperate to find a candidate who represents their values. They tried Michele Bachmann for a time. Rick Perry was next. Now, it’s Herman Cain. They know it’s not Mitt Romney, the big government, Romneycare flip-flopper representing the Northeast liberal Republican establishment. But the bigwig banksters and party elites are backing him. No surprise there. He’s one of them.

The corporate-owned mainstream media continue to denigrate, dismiss and black out Ron Paul. Paul is the guy who shares their values, though most can’t get past their ingrained prejudices to see it. The elites know his message of liberty, small government and sound monetary policy will resonate with those who pay more than passing attention. That is, people who can turn off “American Idol,” “Survivor” and “Monday Night Football” long enough to actually study who the candidates are and what they stand for beyond a 30-second sound bite.

Ron Paul stands alone in the GOP

Are you pleased with 40 continuous years of deteriorating economic conditions, a great devaluing of the U.S. dollar, the end of free markets in favor of central economic planning, the rise and rule of supranational central banks, endless wars for the benefit of a massive military complex, infringement of our Constitutional rights, massive government expansion and power, consolidation of media corporations for the control of the masses, and the crumbling of our personal liberties? If so, vote for any other candidate.

If you value liberty, peace, and prosperity, vote for Dr. Ron Paul.