Back in 1994, when Mitt Romney was running for the US Senate in what would become a failed bid to unseat Senator Edward M. “Teddy” Kennedy, the Kennedy campaign put together one ad they didn’t air, and you probably haven’t seen. It covers the period of time when Mitt Romney was at Bain Capital, allegedly “saving the company” but what it reveals is something you might have guessed: Bain Capital was the beneficiary of $10million in forgiveness from the FDIC. In short, the Federal Deposit Insurance Corporation bailed out Bain Capital, and while you’ve been told what a swell businessman Willard “Mitt” Romney is, this un-aired ad from 1994 may tell us a bit of the truth:
Knowing this, it’s hardly any wonder that Mitt didn’t oppose TARP. It’s hardly difficult to understand why he’s not against government bail-outs. How could he dare be against them, having been the beneficiary of them?
I realize there are those who will argue that since this ad was put together by Teddy Kennedy’s campaign, it ought to have no bearing on the current race, because after all, Kennedy was a “big government liberal” in Romney parlance, but it seems back in the dark days when Romney took over the reins at Bain Capital, he wasn’t opposed to a little socialism either.
Say what you want about Mitt Romney, but if he’s the nominee, have fun with another four years of Obama, because while you may not wish to air Teddy Kennedy’s ad, you can bet Barack Obama’s outfit already has it updated and ready to go. I can see it now, can’t you?
Dark, scary pictures, gloom and doom, and a narrator:
“Mitt Romney says he opposes most government bailouts of businesses, but did you know that in 1993, his company, Bain Capital was the recipient of $10 million in debt forgiveness from the FDIC? At the same time, he profited from the deal. Is this the kind of crony capitalism you want in the White House? Tell Mitt Romney to keep his hands off your wallets, and tell the Republicans ‘No special deals.’ Help President Obama preserve change!”
Of course, since they’re liars, it will probably be embellished a good bit.
Nevertheless, if you nominate Mitt Romney, between this and Romneycare and a number of glaring scars on his record, there’s no chance he’ll beat Obama, but at least you’ll have had the privilege of the GOP’s “inevitable nominee.”
Good luck with that.
(Note: Video from a very left-leaning YouTube Member)