Taking Down Santorum

Hat tip to Drudge for this Ron Paul post:

Red State: "What A Big Government Conservative Looks Like"
**Links with actual bills and dates**
http://www.redstate.com/erick/2012/01/06/what-a-big-governme...

I'm not going to personally attack Rick Santorum or his wife who opted to sue her chiropractor for $500,000 because she gained weight.
Senator Santorum was stumping for a $250,000 cap on medical malpractice suits.
Whatever.
It's no secret Santorum is a serial hypocrite.

"Do as I say, not as I did"

But Santorum's voting record is overwhelmingly inconsistent with the campaign propaganda that comes out of his mouth.
He is not remotely a conservative or a defender of freedom. He is a big government, "Show-me-the-money" LOBBYIST. Period. End of story.

★Defense and Foreign Policy

Voted for the Chemical Weapons Convention (CWC).
Voted against requiring the President to certify that the CWC is effectively verifiable.
Voted against requiring the President to certify that that Iran, Iraq, Syria, Libya, North Korea, China, and all other countries determined to be state sponsors of terror have joined CWC prior to submitting the instrument of ratification.
Voted for the START II Treaty
Voted to allow the sale of supercomputers to China.
Voted to ban antipersonnel landmines
Voted against increasing defense spending offset by equivalent cuts in non-defense spending.
Voted to require that Federal bureaucrats get the same payraises as uniformed military.
Voted to allow food and medicine sales to state sponsors of terror and tyranical regimes such as Libya and Cuba.
Voted to limit the President’s authority to impose sanctions on nations for reasons of national security unless the sanctions were approved by a multilateral regime.
Voted against requiring Congressional authorization for military action in Bosnia.
Voted to give $25 million in foreign aid to North Korea
Voted to weaken alien terrorist deportation provisions. If the Court determines that the evidence must be withheld for national security reasons, the Justice Department must still provide a summary of the evidence sufficient for the alien terrorist to mount a defense against deportation.
Voted against delaying the India Nuclear until the President certified that India had agreed to suspend military-to-military exchanges with Iran.
Voted against the Conventional Trident Missile Program

★Nominations

Voted for Richard Paez to the 9th Curcuit (cloture)
Voted for Sonia Sotomayor, Circuit Judge
Voted for Richard Holbrooke to be Ambassador to the UN
Voted for Margaret Morrow to be District Judge
Voted twice for Marsha Berzon to the 9thg Circuit
Voted for Mary McLaughlin to be District Judge
Voted for Tim Dyk to be District Judge
Voted for James Brady to be District Judge

★Labor

Voted against National Right to Work Act
Voted against Real of Davis-Bacon Prevailing union wages
Voted for Alexis Herman to be Secretary of Labor
Voted for mandatory Federal child care funding
Voted for Trade Adjustment Assistance.
Voted for Job Corps funding
Voted twice in support of Fedex Unionization
Voted against allowing a waiver of Davis-Bacon in emergency situations.
Voted for minimum wage increases six times here here here here here and here
Voted to require a union representative on an IRS oversight board.
Voted to exempt IRS union representative from criminal ethics laws.
Voted against creating independent Board of Governors to investigate IRS abuses.

★Guns

Voted to require pawn shops to do background checks on people who pawn a gun.
Voted twice to make it illegal to sell a gun without a secure storage or safety device
Voted for a Federal ban on possession of “assault weapons” by those under 18.
Voted for Federal funding for anti-gun education programs in schools.
Voted for anti-gun juvenile justice bill.

★Reform

Voted for funding for the legal services corporation.
Voted twice for a Congressional payraise.
Voted to impose a uniform Federal mandate on states to force them to allow convicted rapits, arsonists, drug kingpins, and all other ex-convicts to vote in Federal elections.
Voted for the Specter “backup plan” to allow campaign finance reform to survive if portions of the bill were found unconstitutional.
Voted to mandate discounted broadcast times for politicians.
Voted for a McCain amendment to require State and local campaign committees to report all campaign contributions to the FEC and to require all campaign contributions to be reported to the FEC within 24 hours within 90 days of an election.

★Immigration

Voted against increasing the number of immigration investigators
Voted to allow illegal immigrants to receive the earned income credit before becoming citizens
Voted to give SSI benefits to legal aliens.
Voted to give welfare benefits to naturalized citizens without regard to to the earnings of their sponsors.
Voted against hiring an additional 1,000 border partrol agents, paid for by reductions in state grants.

★Taxes

Voted against a flat tax.
Voted to increase tobacco taxes to pay for Medicare prescription drugs
Voted to increase tobacco taxes to fund health insurance subsidies for small businesses.
Voted to increase tobacco taxes to pay for an $8 billion increase in child healh insurance.
Voted to increase tobacco taxes to pay for an increase in NIH funding.
Voted twice for internet taxes.
Voted to allow gas tax revenues to be used to subsidize Amtrak.
Voted to strike marriage penalty tax relief and instead provide fines on tobacco companies.
Voted against repealing the Clinton 4.3 cent gas tax increase.
Voted to increase taxes by $2.3 billion to pay for an Amtrak trust fund.
Voted to allow welfare to a minor who had a child out of wedlock and who resided with an adult who was on welfare within the previous two years.
Voted to increase taxes by $9.4 billion to pay for a $9.4 billion increase in student loans.
Voted to say that AMT patch is more important than capital gains and dividend relief.

★Welfare

Voted against food stamp reform
Voted against Medicaid reform
Voted against TANF reform
Voted to increase the Social Services Block Grant from $1 billion to $2 billion
Voted to increase the FHA loan from $170,000 to $197,000. Also opposed increasing GNMA guaranty from 6 basis points to 12.
Voted for $2 billion for low income heating assistance.

★Waste

Sponsored An amendment to increase Amtrak funds by $550 million
Voted to use HUD funds for the Joslyn Art Museum (NE), the Stand Up for Animals project (RI) and the Seattle Art Museum’s Olympic Sculpture Project (WA)
Voted to increase spending on social programs by $7 billion
Voted to increase NIH funding by $1.6 billion.
Voted to increase NIHnding by $700 million
Voted to for a $2 million earmark to renovate the Vulcan Monument (AL)
Voted for a $1 billion bailout for the steel industry
Voted against requiring that highway earmarks would come out of a state’s highway allocation
Voted to allow Market Access Program funds to go to foreign companies.
Voted to allow OPIC to increase its administrative costs by 50%
Voted against transferring $20 million from Americorps to veterans.
Voted for the $140 billion asbestos compensation bill.
Voted against requiring a uniform medical criteria to ensure asbestos claims were legitimate.
Voted to increase community development programs by $2 billion.

★Spending and Entitlements

Voted to make Medicare part B premium subsidies an new entitlement.
Voted against paying off the debt ($5.6 trillion at the time) within 30 years.
Voted to give $18 billion to the IMF.
Voted to raid Social Security instead of using surpluses to pay down the debt.

★Health Care

**Santorum's top two campaign contributors: Blue Cross Blue Shield & High Mark. I couldn't make this up.

Voted to allow states to impose health care mandates that are stricter than proposed new Federal mandates, but not weaker.
Voted twice for Federal mental health parity mandates in health insurance.
Voted against a allow consumers the option to purchase a plan outside the parity mandate.

★Education

Voted to increase Federal funding for teacher testing
Voted to increase spending for the Department of Education by $3.1 billion.
Voted against requiring courts to consider the impact of IDEA awards on a local school district.

★Energy

Voted to allow the President to designate certain sites as interim nuclear waste storage sites in the event that he determines that Yucca Mountain is not a suitable site for a permanent waste repository. Those sites are as follows: the nuclear waste site in Hanford, Washington; the Savannah River Site in South Carolina; Barnwell County, South Carolina; and the Oak Ridge Reservation in Tennessee.

★NEA
Voted for taxpayer funding of the National Endowment for the Arts.
Voted against a 10% cut in the budget for National Endowment for the Arts.

★Bankruptcy
Voted for a Schumer amendment to make the debts of pro-life demonstrators not dischargeable in bankruptcy.

★This partial list does not even include his support for No Child Left Behind, Medicare Part D, (Bigger than Obama care) http://www.clubforgrowth.org/whitepapers/?subsec=137&id=902 FIVE debt ceiling increases, funding the bridge to nowhere, refusing to redirect earmark allocations to disaster relief along the Gulf Coast post Katrina, etc

★Club for Growth today rendered an opinion on U.S. Rep. Ron Paul’s charge that Rick Santorum is a “big government, big spending individual.”

Verdict: Mostly true.

From Club for Growth analysis:

During a particularly touchy exchange at the ABC News debate, Paul attacked Santorum for being a “big-government, big spending individual.” To back up this claim, Paul offered four substantive examples: that Santorum voted to raise the nation’s debt limit five times, that Santorum voted against “right to work” laws, that he voted for No Child Left Behind, and that he voted for the Medicare Prescription Drug benefit.
Research shows that all four substantive allegations against Santorum are true.
http://www.revolutionpac.com/2012/01/club-for-growth-confirm...

★Rick Santorum: Top-tier on Most Corrupt Member of Congress list 2 years running
http://www.examiner.com/conservative-in-washington-dc/rick-s...

Santorum and Newt -- punks in a pod

Thanks to Ron Paul for telling it as it is ----



Romney. Mitt Romney. America needs Mitt Romney.

Ron Paul knows Newt -- so should YOU.

Ron Paul knows Newt: Counterfeit Conservative.

Did anyone mention hypocrite? Did anyone mention that while Newt was chastising Bill Clinton for having another use for his cigar, the Newtster was getting his own cigar unwrapped as his wife lay critically ill?


We all know that Newt was asked to relinquish his position as Speaker of the House rather than face possible criminal sanctions from his peers in Congress.

Nancy Pelosi, who sat on the ethics committee at that time, has stated that -- at an appropriate time -- she will release the results of Gingrich's investigation. Here is John Sununu's assessment:

“We had … well over 218 Republicans in the Congress when Newt was the Speaker, and you can’t find more than a handful who will come to his defense,” King said. “And it has nothing to do with ideology, nothing to do with philosophy. It’s all the erratic, self-serving narcissism of Newt.”

Sununu said Democrats are “laughing with glee behind closed doors” at the prospect of a Gingrich nomination.

He warned that Gingrich has so much baggage, including the ethics violations for which he was fined $300,000, that an “October surprise” during the 2012 election would be inevitable.

“There was a 7-to-1 vote in that Ethics Committee, which means the material was pretty convincing, even to the four Republicans, three of which voted against him,” Sununu said. “I think it reflects on his reliability as a leader and, frankly, reflects on the fact that [House Minority Leader Nancy] Pelosi was part of that process, and whatever Congresswoman Pelosi knows, President Obama knows.“And if Pelosi knows, Obama knows. And if Obama knows, this is certainly a ripe package for an October surprise.”

Pelosi served on the Ethics Committee that investigated Gingrich for tax cheating and campaign finance violations in the late 1990s.

She told Talking Points Memo in early December that she will reveal information about him when the time is right.

Here is more -- some of which we/you may not have known:



Paul also says:

Newt Gingrich was for the individual mandate that served as the model for "ObamaCare." He was originally for the TARP bank bailouts before he was against them.

He slammed Paul Ryan's budget plan as "extreme," calling it "right-wing social engineering."

Gingrich was "for the individual mandate that served as the model for "ObamaCare." His healthcare group received nearly $40 MILLION in contributions from the healthcare industry.

He was originally for the TARP bank bailouts before he was against them.

He joined with Nancy Pelosi to promote the anti-business "global warming" agenda."

Gingrich traded on his former political office to land a $1.8 million lobbying contract with Freddie Mac.

Newt Gingrich has a long record of liberal appeasement, flip-flopping on key issues, and lobbying for insider millions.

For all of Ron Paul's "unelectibles" -- at least he knows Newt Gingrich's double standards: for his family, his character, his values, his background and especially his nation.

Want more proof that Newt is not what he pretends to be? You don't have to be a "Bircher" to believe why so many of Newt's peers consider him unethical, untrustworthy and a counterfeit conservative:

The Real Newt Gingrich from Frank on Vimeo.

Romney. Our only TRUE choice for President.

Gingrich's Daughter's Reason for Working & Her Deadbeat Dad

From Mike Sage, Editor-in-Chief -- America Needs Mitt:

At the debate, Gingrich was asked a question by moderator Juan Williams about his previous statements regarding putting the children of poor families to work as janitors and in other jobs at their schools in order to teach them values. The question ended with Williams asking, “Don’t you see that as insulting to all Americans, and particularly to black Americans?” Gingrich replied, “No, I don’t see that” – a response that drew both cheers and boos from the audience. He went on to say, “My daughter, Jackie Cushman, who is sitting right there (points) reminded me that her first job was at the First Baptist Church, in Carolton, Georgia, doing janitorial work, at 13.”

The audience, which reacted very favorably to the anecdote about his hard-working daughter, might not have done so quite as enthusiastically if they’d known why his daughter was working at 13 years of age in the first place.

The following excerpts are taken from a Vanity Fair/PBS interview published in September, 1995 with Newt Gingrich’s parents and his second wife, Marianne:

Bob Gingrich (Newt’s stepfather) boycotted his stepson’s wedding, but Newt and Kit (his mother) remained close. She remembers visiting the couple at Tulane University, where Newt entered graduate school. The Gingriches had one daughter, Kathy, who was born nine months after their marriage. Their second daughter, Jackie Sue, followed in 1966. Kit recalls that the young family’s living conditions were spartan. Their couch was “propped up with a brick,” she says. “I mean, Jackie didn’t have any clothes.”

Dolores Adamson, Gingrich’s district administrator from 1978 to 1983, remembers, “Jackie put him all the way through school. All the way through the P.h.D…He didn’t work.” Adds Adamson, “Personal funds have never meant anything to him. He’s worse than a six-year-old trying to keep his bank balance…Jackie did that.”

When I ask Marianne (Newt’s second wife) if she keeps the checkbook for the man determined to balance the nation’s budget, she laughs quietly: “Yes, I do a lot of our finances…I pretty much handle the money.” She acknowledges that at the time of their marriage, in 1981, Newt was in great personal debt, “so we had to work our way out of it,” a feat she says was accomplished only last year.

The legacy of manic-depression stemming from his mother, Kit Gingrich, may be relevant here, given the fact that the condition is an inherited one in about 80 percent of cases. After Kit acknowledged that she is manic-depressive, I asked whether Newt had been tested psychologically. She responded, “Smart kids don’t need it…They get mad and they get glad.”

In Manic Depressive Illness, which Goodwin co-authored with Kay Redfield Jamison, he describes the usual mood in hypomania as “ebullient, self-confident, and exalted, but with an irritable underpinning.” He goes on to quote earlier studies that characterizes the thinking of a person in a hypomanic state as “flighty. He jumps from one subject to another, and cannot adhere to anything.” Another study describes the role of hypomania and extroversion in some leaders, noting behavior that is “often intolerant and unyielding…given to impulsive action…full of energy and at the same time full of strong purpose and burning conviction…the outcry attracts other extroverts and soon there assembles a group of dominant men who unite in a common cause.”

During 1979 and 1980, Newt Gingrich –despite his political success– entered a period of crisis. He almost, to borrow a phrase, “wiped out.” “He went through a real down period, ducked his head, retreated from the battlefield,” says Eddie Mahe. According to other sources, Newt was drinking heavily. “There were people concerned about his stability,” says Kip Carter.

“It was a very, very bad period of my life,” Newt has admitted. “It had been getting steadily worse. I ultimately wound up at a point where suicide, or going insane, or divorce were the last three options.” In April 1980, he told Jackie, who was suffering from uterine cancer, that he was filing for divorce.

He was soon having an affair with a woman known to a member of his staff as “the mystery lady.” Fifteen years younger than Newt’s wife, she had “big cow eyes,” says one former congressman. It was the future Marianne Gingrich, whom Newt had met at a Republican fund-raiser in Ohio in January of 1980.

For some time, Jackie tried to hold on. “He can say that we had been talking about it for 10 years, but the truth is that it came as a complete surprise,” she told Lois Romano of The Washington Post. “He walked out in the spring of 1980…By September, I went into the hospital for my third surgery. The two girls came to see me, and said, ‘Daddy is downstairs. Could he come up?’ When he got there, he wanted to discuss the terms of the divorce while I was recovering from my surgery.”

Jackie’s divorce lawyer, Edward Bates, expected that Newt would want to have the divorce handled quietly and diplomatically. But it started off very badly. “We went to court to get the basic financial necessities met.” The utilities were about to be cut off –it was dire. Jackie’s testimony at a hearing to determine alimony –revealing Newt’s $34,000 personal debt, his spending habits, his refusal to pay forwarded bills– appeared in detail on the front page of the hometown newspaper, the Carroll County Georgian, on October 23, 1980.

It was against this backdrop of marital infidelity, financial parasitism, and fiscal irresponsibility that Newt Gingrich’s daughter had to go to work at 13 years of age. One wonders, would the audience cheering Speaker Newt Gingrich’s “family values” rhetoric in the recent debates have been as enthusiastic if they knew the rest of the story?

This is the history of a man forced to resign as Speaker of the House for ethics violations --- We don't need Newt Gingrich.

Curl Bids Good-Riddance to Newt

ANALYSIS/OPINION: Joseph Curl

Anyone who knows Newt Gingrich knows that Newt Gingrich is — and always has been — all about Newt Gingrich. Newt Gingrich doesn’t give a damn about the Republican Party. And Newt Gingrich sure doesn’t care about ousting President Obama, unless he’s doing the ousting. If Newt Gingrich can’t be the nominee, then Newt Gingrich will burn the whole place to the ground.

And that’s just what he’s done since plunging in the polls. Furious over the TV ads the pro-Romney super PAC ran against him in Iowa, Mr. Gingrich abandoned his pledge not to speak ill of his fellow Republicans and struck out on a course to destroy the Republican front-runner.

In one of many odd utterances, the former House speaker acknowledged as much in the run-up to the New Hampshire primary: “My real goal was to make sure that Romney did not win here by a big enough margin to develop real momentum.” Simple: Take Mr. Romney down, even if it brings down the entire Republican Party.

At times, Mr. Gingrich has sounded exactly like Mr. Obama in his attacks on Mr. Romney’s tenure at a large venture capital firm, parroting the class warfare claptrap that will be the centerpiece of the Democratic campaign.

“There has to be some sense of everybody’s in the same boat — and I think again, as I said, he’s gonna have to explain why would Bain have taken $180 million out of a company and then have it go bankrupt, and to what extent did they have some obligation to the workers? Remember, these were a lot of people who made that $180 million — it wasn’t just six rich guys at the top. And yet somehow they walked off from their fiduciary obligation to the people who had made the money for them,” Mr. Gingrich said.

The new Newt is miles away from the old Newt, at least the facade. In early Republican debates, Mr. Gingrich chastised moderators for seeking to split the party’s candidates, force them to criticize one another.

“I’m frankly not interested in your effort to get Republicans fighting each other. You’d like to puff this up into some giant thing,” he said at one debate. “I for one … and I hope all my friends up here … are going to repudiate every effort of the news media to get Republicans to fight each other to protect Barack Obama, who deserves to be defeated, and all of us are committed as a team. Whoever the nominee is, we are all for defeating Barack Obama.”

Mr. Gingrich’s descent into the nasty should surprise no one; the corpulent, thrice-married former speaker is clearly a man who cannot control his appetites. His decision to split for a vacation in the Greek islands during the first days of his campaign prompted his campaign team to resign en masse, leaving the candidate so rudderless he couldn’t even get on the ballot for some state primaries.

Without a disciplined team of advisers around him, Mr. Gingrich’s true character has shone through. Newt’s facade as an avuncular, even-tempered man of moderation has given way to the true Newt: angry, impulsive, irrational, undisciplined.

For years, Mr. Gingrich played the coy party leader, teasing conservatives as he toyed with the idea of running for president. He played the game in 2000, and again in 2008. But like Sarah Palin, he had no intention of running: Instead, he was busy making big bucks as an author and paid speaker ($50,000 a pop). Each campaign cycle he would emerge, hit the TV circuit, hype his latest book, and then disappear into the shadows again.

Here’s the fallout of Mr. Gingrich’s scorched-earth campaign for the 2012 GOP presidential nomination: The former speaker has lost his position as de facto head of the Republican Party — forever — and with his departure, the former Alaska governor will assume his longtime role.

Mr. Gingrich was once the main speaker at the conservatives’ top summit, the Conservative Political Action Conference. He thrilled conservatives year after year with his die-hard right agenda. But this February, Mrs. Palin will be the keynote speaker. And by then, Mr. Gingrich will be a former candidate for the 2012 presidential nomination.

The job swap will be complete. Mrs. Palin will play the same role as Mr. Gingrich once did: pushing the Republican Party to the right as she cashes in on books and speeches. She’ll toy with a run in 2016 should the Republicans lose this November but pull back. By 2020, she’ll jump in — and be crushed, just like Mr. Gingrich has been this cycle. And by then, there’ll be another conservative leader in the wings to take over her role. Same as it ever was.

Factcheck.org Reveals Gingrich Distortions ---

A 28-minute political documentary released this week by a pro-Newt Gingrich super PAC presents a one-sided, often distorted and misleading view of Mitt Romney's years leading the venture capital firm Bain Capital.

Interspersed with appropriately eerie music, the video focuses on four Bain-financed companies and features heart-wrenching interviews with people who portray Romney and Bain as ruthless, quick-buck corporate raiders who reaped huge financial rewards at the expense of faithful employees.

But a closer look at the companies highlighted in the video reveals a murkier picture. The video often overstates, or outright distorts, Romney's culpability for job losses or bankruptcies.

*The film talks about layoffs at DDi Corp. and discusses questionable manipulation of stock prices after the circuit board company went public. But Romney had left Bain Capital a year before any layoffs and a public stock offering that ultimately netted Bain and Romney a big payday. The company's subsequent bankruptcy filing came two years after Bain had largely divested from the company, and was the result of the dot-com bust. Moreover, the company emerged from bankruptcy, and its current CEO credits those early Bain investments for setting the foundation for the company's current success.
*The film claims Romney was involved in the acquisition, management and demise of the now-defunct KB Toys. He wasn't. Bain bought the toy company nearly two years after Romney left Bain.
*Likewise, the closing of UniMac's plant in Marianna, Fla., occurred seven years after Romney left Bain and nearly two years after Bain sold UniMac's parent company to another private equity house.

More broadly, the video presents a myopic view of Bain Capital, cherry-picking some of the worst Bain outcomes to portray Bain in the worst possible light. Romney's record at Bain Capital also includes some success stories (see Staples and Sports Authority, to name a few) at companies that added new jobs.

The Real Romney - Bain Story

Gingrich & Perry (and others who jump on this wagon) best get their facts in order FIRST --

The issue of Mitt Romney , Bain Capital and the American business system seems to be front and center for Newt Gingrich and the Occupy Wall Street crowd including the NYT.

It is impossible to exaggerate the colossal depth of ignorance reflected by Newt Gingrich ( surprisingly ) and Rick Perry ( not surprisingly ) as they mirror the always profoundly stupid national media regarding the Bain controversy. The ignorance of Newt Gingrich is particularly apalling as one would assume he knows the reality and can distinguish it from the politically motivated diatribes of the DNC, the NY Times , Barack Obama, et al. But he has signed on to the anti capitalist bandwagon, perhaps hoping to take a run at the Democratic nomination if he fails in the GOP.

Recently, the NYT ran an article, as a follow up to Gingrich's Sheldon Adelson sponsored acquisition of the film " When Bain Came to Town ". Most of the media have picked up on the NYT story and the anti Bain / Romney film, including Andrew Sullivan in The Daily Beast . All reprint the main points of the article and the film without the remotest effort to actually CHECK REAL FACTS.

So, in a futile effort, to discuss what actually happened .....and provide an insight for these political and journalism clowns , I submit the following. Bear in mind that Romney was at Bain from 1984 to 1998 :

The Daily Beast and Andrew Sullivan excerpt the following from the NYT story:

Bain invested 22 % of the money it raised from 1987 to 1995 in five businesses and made $ 578 million in profit. Sullivan then goes on to identify FOUR companies and about $ 300 million in profit, on about $ 200 million in investment. I'm sure he knows the fifth and just forgot it from the NYT. But, here are the four:

1. STAGE STORES
Bain invested $ 5 million in 1988.
The company went public in 1996 and Bain took a nice profit of $ 100 million and left.
The company went through bankruptcy reorganization in 2000, four years after Bain left.
Romney and Bain are held responsible for the bankruptcy that occurred 4
years after they left . The bankruptcy allowed Stage Stores to restructure,
close under performing Bealls Stores and performance substantially
improved. Today, Stage Stores has 13,000 employees in 40 states and had
sales of $ 1.5 billion in 2011.
So, Romney should get the credit for 13,000 employees if he is blamed for a bankruptcy
he was totally unassociated with. right NEWT ???. You know, it's really about the
money. Newt doesn't like Romney and Bain's return on their invested capital even
though Gingrich took $ 2 million from taxpayers through Freddie Mac without any
capital at risk . How about a file on " When Newt Came to Town ?"

2. Case 2 from Sullivan and the NYT..... AMPAD
The anti Bain film has several distraught former employees of AMPAD railing against
the greedy capitalists who bought their company and lost their jobs. It is sad....but what
happened is the stress of an American business system that made this the richest
country in the world. we are not Sweden or Finland. As Jefferson said, let facts be
submitted to a candid world.....

1. Bain invested $ 5 million in a holding company that bought AMPAD from Mead
paper in 1992. The new management team consolidated 13 manufacturing and
distribution plants into 6, created a 53 % compound annual growth rate and took
revenues from $ 8.8 million in 1992 to $ 200 million in 1996.
2. The company went public in 1996 and Bain collected a profit of $ 100 million
dollars....and left.
3. Four years after Bain left, the company reorganized under bankruptcy
law and is still operating profitably having been acquired by a foreign
company. Bain had ZERO to do with these poor sad film folks losing their
jobs. So, again, it is the return on invested capital that Gingrich and his
friends at the NYT and the media , like Michael Moore, don't like.

3. GS TECHNOLOGIES
1. Bain acquired control , with GE Capital of GS Technologies in 1993 by investing $
60 million.
2. Bain and GE subsequently invested $ 100 million to improve and upgrade
facilities. This is , of course, unmentioned in the NYT hit piece and in the film
3. GS went through bankruptcy in 2001. Bain and GE both incurred substantial
losses on their invested capital
4. Bain also invested, at the same time, in Steel Dynamics, a similar company that is a
global leader today with revenues of $ 6 billion. Steel Dynamics and GS Industries
also have one glaring difference. GS Industries was a union shop and Steel
Dynamics is not

4. DETAILS, now owned by Steelcase
1. Acquired by Bain and other investors in 1997 for $ 46 million
2. Went public in 1998; Bain took nice profit of $ 93 million and left
3. Details went through bankruptcy restructure in 2003 , five years after Bain
4. Company is currently owned by Steelcase

There are some other relevant investments that the NYT and Sullivan overlook:
1. Bain invested $ 1 billion in Dominos Pizza in 1998. Dominos had 1000 stores and
16,000 employees. Dominos now has 9000 stores and 145,000 employees and is
worth $ 1.5 billion.

2. Bain invested in Sports Authority in 1987. Sports Authority now has 250 stores

3. Bain acquired financially ailing Sealy mattress in 1997. Sealy restructured and now
has 5000 employees and $ 300 million in annual revenue.

4. Bain invested in 200 + other companies including AMC Entertainment,
Bombardier, Bright Horizons, Burlington Coat, Church's Chicken, Clear Channel
Communications, Dominos, Gymboree, Harlem Globetrotters, Latrobe Specialty
Steel, LinkedIn, Minute Clinic, Staples, The Weather Channel, Toys R Us , Vonage
and about 190 more.

Isn't this what American business is all about ?

From Right Speak --- thanks.

Gingrich seems smart enuff to avoid such a scam attack; Perry is both dumb enuff and desperate enuff to run with anything he can pronounce. Both are pathetic figures who will go down in infamy.