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Take Action:Media: Tell the Truth About Romney's Hypocrisy: Making Huge Profits on the Auto Bailout Then Campaigning That They s


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JL
- 782 days ago - signon.org
Media: Tell the truth about Romney's hypocrisy: making huge profits on the auto bailout then campaigning that they should face bankruptcy. . To be delivered to: Ben Sherwood, President, ABC News, Jeff Fager, Chairman, CBS News,



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JL A. (276)
Sunday October 28, 2012, 2:52 pm
Media: Tell the truth about Romney's hypocrisy: making huge profits on the auto bailout then campaigning that they should face bankruptcy. .

By Brenda Witt (Contact)

To be delivered to: Ben Sherwood, President, ABC News, Jeff Fager, Chairman, CBS News, Steve Capus, President, NBC News, Jim Walton, President, CNN Worldwide, Roger Ailes, President, Fox News Channel, and Phil Griffin, President, MSNBC
Petition Statement
Mainstream Media: We demand that you report the truth of Romney's hypocrisy on the auto bailout, making huge profits from investments in Delphi, through Elliott Management then calling for the auto companies face bankruptcy.
Petition Background

Why is the media refusing to report the truth about Romney's hypocrisy: making huge profits of at least $15.3 million and likely much more on the auto bailout then later campaigning that the auto industry should face bankruptcy? Romney invested at least $1 million (we don't know the exact amount because he has refused to release his 2009 tax returns) through Ann Romney's blind trust in Elliott Management, one of several hedge funds which bought Delphi (at 67 cents a share then sold them at $22 a share, a 3,000% profit). All Delphi's profits have been kept untaxed because the company's incorporation has been moved from Michigan to a tax haven in Jersey, France. At the time of the bailout, these owners threatened to withhold distribution of the steering columns required by all GM cars if the federal government did not pay $350 miillion immediately. They then fired all union workers, closed 25 of the 29 US plants and sent the jobs to China. Romney may not have been directly involved in the decisions but he has profitted greatly from Elliott Managment's decisions. Why is the media not reporting it? See "The Nation" article "Mitt Romney's Bailout Bonanza" for more information.

Petition at:
http://signon.org/sign/media-tell-the-truth?source=s.icn.em.cr&r_by=491007&mailing_id=6641
 

Emma S. (228)
Sunday October 28, 2012, 3:11 pm
Done! Thanks, JL.
 

JL A. (276)
Sunday October 28, 2012, 3:44 pm
You cannot currently send a star to Maggie because you have done so within the last week.
 

Diane O. (167)
Sunday October 28, 2012, 4:00 pm
Liberals are a trip.....Romney made huge profits on the auto bailouts? He didn't have anything to do with the bailouts. He was a businessman conducting his own business. He didn't make Obama throw billions of taxpayer dollars at bailing out any company. Obama did that on his own. Every single green company Obama threw billions of dollars at WENT BANKRUPT.

So, what are you saying here? That Mitt is somehow making a profit on a decision he had nothing to do with? I happen to agree with Romney. NO company is too big to fail. Let them fail if they've run their companies poorly. Let them figure out if they want to reorganize their debt or merge with another company. Our government shouldn't be in the business of deciding who, in the private sector, should be funded.

Honestly. This is yet another very lame attempt to suggest that Mitt Romney had something to do with Obama's colossal bailout decisions at an ENORMOUS COST TO THE TAXPAYERS.

This is turning into comedy central.
 

onita Caldwell (32)
Sunday October 28, 2012, 4:27 pm
Diane O., You are simply another example of a Republican with a bad case of cranial-rectitis. You guys will tell any lie to try to make Obama look bad. If the auto industry had gone belly up my brother, a GM retiree would be without his pension benefits and probably would be another person on food stamps. Romney is the biggest hypocrite and liar to ever run for president.
 

Grigori Rasputin (13)
Sunday October 28, 2012, 4:40 pm
"Tell the truth"? - You must be joking. Romney possibly owns the ABC, its editor staff and printing machines, or at least has enough ill-gotten gains to silence the truth in the media?
 

Diane O. (167)
Sunday October 28, 2012, 4:42 pm
Kay, do you have a minute or two to tell me what I've lied about? I've told the truth. It is not I who spins the truth to support what I believe in. No, you are WRONG about GM retirees. GM would've asked for bankruptcy protection and would have several years to reorganize OR they would've merged with another auto company. It's that simple. They never needed a bailout. That was wrong of our government. No company is too big to fail. This is America.
 

Roseann d. (178)
Sunday October 28, 2012, 4:44 pm
Your dang right Dianae O. Romney mad huge profits "harvesting" aka bankrupting companies and sending US jobs overseas, causing hundreds of thousands of US citizens unnecessary suffering...why, FOR PROFITS.
 

JL A. (276)
Sunday October 28, 2012, 4:44 pm
Thank you Kay for showing how Diane ignored the core facts and moral issues presented in the article for crafting her comments. She apparently doesn't expect him to use Christian values for decisions when it would interfere with profits for himself.
 

JL A. (276)
Sunday October 28, 2012, 4:47 pm
You cannot currently send a star to Roseann because you have done so within the last week.
 

Diane O. (167)
Sunday October 28, 2012, 5:05 pm
It is not a sin to be in business and expect a profit. Why else would companies put their money and time into a business...to break even? LOL

Romney is a venture capitalist. He took many companies public. In other words they soared. Those companies not generating a profit needed to be closed. In this regard he is a far better man to be sitting in our White House than Obama who never had a meaningful job in his life.

Christian values? Obama has been to church twice since he took office. Now, there's a man of God who sat in a racist church for 20 years. I'll take Romney, thank you very much.
 

JL A. (276)
Sunday October 28, 2012, 5:32 pm
Diane, you seem not to know the definition of racist (see Webster) nor recognize Christian values vs. appearance of piety (e.g., Bible directing hiding under a bushel). When you strip all the value out of a company to give to investors instead of preserving the profitable status of the company before you began, most would say intentional harm to others due to the horrendous sin of greed--that is the issue you choose to ignore. Diane, I have seen you do similar things to others you are now objecting to Maggie for. Thank you for confirming that you believe you should be removed from Care2.
 

Edwin M. (356)
Sunday October 28, 2012, 5:40 pm
Noted and signed thanks JL
 

JL A. (276)
Sunday October 28, 2012, 5:42 pm
You cannot currently send a star to Edwin because you have done so within the last week.
 

JL A. (276)
Sunday October 28, 2012, 5:52 pm
Diane, you have now officially been reported for seeking double standards where you seem to feel entitled to be free from what you do to others
 

Ben Oscarsito (354)
Monday October 29, 2012, 6:40 am
Done. -I hate hipocrisy!
 

Kit B. (276)
Monday October 29, 2012, 7:56 am

Diane is correct, Romney is a business man. Not the sort of business man that deserves respect, not in the world most of us once thought of as business. Now consider the anger of the T-party, most of this was focused on the bloated size of government. In truth, what causes this bigger, inefficient government?

What has so increased the size of government? Is it really Social Security, Medicare and Medicaid? Or is it perhaps that American business, most particularly in the last 30 years has had so much influence and used the American government to inflate and grow their own interests? Think about this carefully, the USDA, the EPA and FDA once had a function to protect the population from dangerous, unsavory practices. Long before Big Tobacco admitted their product was in fact a health hazard, the US government stop them from advertising on TV.
Now, that ability is gone, we worry about the military protecting us, but is it there to protect us from the business interest? The primary agencies tasked with this duty are now owned and operated by the same companies that once would have been reported for causing physical or mental harm. Owned, as in the lobbies that own your government.

Why do children do so poorly in school? Bad teachers? Consider that when most of us were in school, the school served a fairly healthy if some what inexpensive meal. Now the schools serves high sugar, high fat food. Either because of lousy cheap food sent to them by the same agency once tasked with protection, now nothing more than an arm of the corporate FOOD industry, the USDA,, or the school buys prepared food heavily infused to high fats, high sugars to serve up to children. All of us are eating too much fat and close to a pound a day of sugars. We actually expect children who lack good health, because their growing bodies are poisoned, to perform as good students? Of course not.

This is the NEW American business, and Romney and his like minded co-herts are definitely owners of this this bizarre concept of business.

Yes Diane, Romney does own interests in the American car industry.

Here is but one example of what a good business man once thought about his customers. Once J H Heinz finally grew his business to a factory level, he realized his competition was using high levels of poison chemicals for preservatives. Dangerous to the public health, very dangerous to the canning industry. About this time a man wrote a book about the filth in the meat packing industry, that was Upton Sinclair in “The Jungle”. Heinz took that book directly to the president Teddy Roosevelt, and once TR read the book, discussed it with those he actually trusted. He found a way to protect the public health. This is equally if in more important to American safety than the military. Soon after we had the first agency the USDA commissioned by the government to protect consumers from corrupt business practices.

That is, of course of a quick summation of history, but an accurate one.

Another quick summation is that Romney in no “Jack” JL Heinz.

Diane, your attempts to intimidate others here is just not effective.
 

Kit B. (276)
Monday October 29, 2012, 8:05 am

Sorry J L, I did sign and share on FB and tweeted. Many people here deserve a green star, I'm sorry but for most, I'm still unable to send them this week.
 

JL A. (276)
Monday October 29, 2012, 8:09 am
Marvelous summation Kit: You cannot currently send a star to Kit because you have done so within the last week. Relating to the moral or Biblical component of the issue, the Bible warns against immoral profits (usury) where a little interest on investment is all that was morally permitted so exponential ROI (returns on investment) would be deemed sinful. Our nation used to have usury ,laws limiting how much interest was permitted on loans and credit cards (CA used to be 10% maximum for worst credit risk in days of high inflation--how often can one get interest that low other than mortgage or car loan?)
 

Kit B. (276)
Monday October 29, 2012, 8:14 am

I see that once again the word "sin" is used here. What is the real origin of the word sin?

Sin & Evil: In the Aramaic Language and culture that Jesus taught in, the terms for "sin" and "evil" were archery terms. When the archer shot at the target and missed the scorekeeper yelled the Aramaic word for sin. It meant that you were off the mark, take another shot. The concept of sin was to be positive mental feedback. Sin is when you are operating from inaccurate information and thus a perceptual mis-take. When you become conscious and aware if the results of your inaccuracy you have the option to reconsider what you have learned and do as they do in Hollywood, "do another take." By the way, where the arrow fell when it missed the target was referred to as evil.

Money?
Money: From the Latin word "moneta" which originally meant, "warning."

Mortgage: In the word mortgage, the mort- is from the Latin word mori (via old french mort) for death and -gage is from the sense of that word meaning a pledge to forfeit something of value if a debt is not repaid. So mortgage is literally a death pledge.
 

Kit B. (276)
Monday October 29, 2012, 8:18 am

Sorry J L I did not see your post before I posted the one above. That is about actual root origins of words, not common practice in today's world, some this is pre- biblical so it is meant to go the heart of the origin of the words before they were re-cast for English translation.
 

Arielle S. (317)
Monday October 29, 2012, 8:23 am
Obama only went to church twice? The churches are full of hypocrites and as for me, I agree with the man who said, ""It is better to be an atheist than use religion in order to manipulate people."
 

Brian M. (202)
Monday October 29, 2012, 8:28 am
Noted. Signed. It is simply better to be an atheist in this commenter's opinion.
 

natalie n. (164)
Monday October 29, 2012, 9:35 am
I wonder, if the mainstream media is owned by a political party directly or indirectly, you would never get the truth out there. In Malaysia, the ruling government owns all the mainstream media (be it print or broadcast). So opposition parties came up with an alternative print paper, radio station and the best way to spread news via online media sites.
 

Kit B. (276)
Monday October 29, 2012, 10:03 am

Just another thought to consider as a fact of the auto-bailout. GM did go to bankruptcy, just in the US, no other plants were declared bankrupt, and the issue sent to the courts for consideration was the debt owed by GM to the many owed pension money, by this corporation. Money that was to have been in fixed accounts, earning interest but was squandered by this and so many other corporations.

The term free-market is so abused that even those who think they advocate for free-markets have no clue what it really means in the "new world" of economy. These companies, and that does include Bain, are the real drain on the economy of the US. Pirates are now those in charge, not those on the high seas, but those in BORED rooms (not miss-spelled). No view to how their once illegal practices affect the US long term, no consideration of the public interest, no eye to the future of this country, corrupt gamblers, nothing more. Hoover was a businessman, GW Bush was considered a business man, they both did such a great job. (sarcasm intended!)
 

James Maynard (68)
Monday October 29, 2012, 11:16 am
Signed and noted.
 

Nelson Baker (0)
Monday October 29, 2012, 12:22 pm
Signed
 

Sara W. (110)
Monday October 29, 2012, 1:07 pm
Signed.
 

Esther Z. (96)
Monday October 29, 2012, 1:28 pm
Noted and signed.
 

JL A. (276)
Monday October 29, 2012, 7:20 pm
You cannot currently send a star to Arielle because you have done so within the last week.
You cannot currently send a star to Brian because you have done so within the last week.
You cannot currently send a star to natalie because you have done so within the last week.
You cannot currently send a star to James because you have done so within the last week.
You cannot currently send a star to Nelson because you have done so within the last week.
You cannot currently send a star to Esther because you have done so within the last week.
 

reece C. (29)
Monday October 29, 2012, 7:29 pm
@ Diane O.
Romney's trust fund made money on the bailout by buying Delphi shares at a fraction of their value. The only reason he is bitching about the bailout now is because it works with people like you.
Bailing out GM and Chrysler kept hundreds of thousands of people working and buying goods. How well do you think the economy would be doing now if Romney had said let them go bankrupt. The only people who make money in a bankruptcy are the scavengers, exactly what Romney did for a living.
Unfortunately, bailing out the banks was a necessary evil. Yo0u wouldn't even be able to have the internet service if the banks didn't get bailed out. Where do you think 850 billion dollars would come from to keep the economy going if the banks had to shut down? Your little corner bank branch would have closed its doors with your checking account money locked up inside. Your grocery store couldn't get the money it needs in DAILY loans to buy products. So their goes your food supply source. Unless you have a garden that blooms year round. Wake up honey, you are enjoying your life due to that bailout. Right or wrong, it had to be done.
Watch PBS instead of Fox and you might learn something.
 

JL A. (276)
Monday October 29, 2012, 7:30 pm
You cannot currently send a star to reece because you have done so within the last week.
 

reece C. (29)
Monday October 29, 2012, 7:36 pm
@Diane O.
you think Romney is good at business? He has a failure rate exceeding 22% for his business investments. President Obama has a failure rate of 8% with tax dollars for research investing.
Romney bilked the U.S. government of 331 million tax dollars in one of his first deals. The picture where he is kissing a 100 dollar bill is your hundred dollars.
There is not a thing wrong with profit, but why should it come at the expense of the masses? The top 1% have gained 35% more wealth since 2001, while the middle class has lost 12%. Huge at the expense of others used to be called slavery. Karl rove and the Koch's call it good business.
 

reece C. (29)
Monday October 29, 2012, 7:40 pm
@Diane
Go tell the employees of Bethlehem steel who's entire retirement fund was lost to bankruptcy. Past employees and future retirees were left without a dime. Bankruptcy court does not guarantee funding of a retirement account.
 

JL A. (276)
Monday October 29, 2012, 7:42 pm
You cannot currently send a star to reece because you have done so within the last week.
 

Pamela C. (75)
Monday October 29, 2012, 8:57 pm
Churches are full of hypocrites and I see nothing in Romney that makes me disagree.
 

Lois Jordan (58)
Tuesday October 30, 2012, 1:42 pm
Gladly signed. Noted. Thanks, J.L....and great comments, Kit & reece!
 

Kit B. (276)
Tuesday October 30, 2012, 1:48 pm

Nicely done - reece. Nothing that is inaccurate there.
 

JL A. (276)
Tuesday October 30, 2012, 5:02 pm
You cannot currently send a star to Lois because you have done so within the last week.
You cannot currently send a star to Kit because you have done so within the last week.
 

Charlie Rush (65)
Thursday November 1, 2012, 11:50 am
Don't news agencies just tell the truth any more?
 

JL A. (276)
Thursday November 1, 2012, 1:08 pm
Charlene, it appears that it may sometimes depend on who owns them now. You cannot currently send a star to Charlene because you have done so within the last week.
 

Diane O. (167)
Thursday November 1, 2012, 3:33 pm
The US produced good steel. And the United Steel workers were paid very good wages. The Chinese started producing steel at much lower rates and therefore competively put US Steel production out of business. It was a combination of no competitive labor rates in the US and unfair trading practices by China.

This is about high rates of American union labor but also the dangers of the global economy with our trading competitors practicing dumping and subsistence labor wages.
 

Diane O. (167)
Thursday November 1, 2012, 3:34 pm
typo: a few up there...sorry.
 
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