Author Topic: Romney siphoned $1.5B from the U.S. Treasury to pay for the 2002 Winter Olympics  (Read 841 times)

The True Adonis

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http://www.rollingstone.com/politics/news/greed-and-debt-the-true-story-of-mitt-romney-and-bain-capital-20120829?page=4

Not that Romney hasn't done just fine at milking the government when it suits his purposes, the most obvious instance being the incredible $1.5 billion in aid he siphoned out of the U.S. Treasury as head of the 2002 Winter Olympics in Salt Lake – a sum greater than all federal spending for the previous seven U.S. Olympic games combined. Romney, the supposed fiscal conservative, blew through an average of $625,000 in taxpayer money per athlete – an astounding increase of 5,582 percent over the $11,000 average at the 1984 games in Los Angeles. In 1993, right as he was preparing to run for the Senate, Romney also engineered a government deal worth at least $10 million for Bain's consulting firm, when it was teetering on the edge of bankruptcy. (See "The Federal Bailout That Saved Romney")

Read more: http://www.rollingstone.com/politics/news/greed-and-debt-the-true-story-of-mitt-romney-and-bain-capital-20120829#ixzz25CSWkKQM

flipper5470

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I'm not goig to bother hacking through the usual Rolling Stone anti-capitalist crapola, but using the term "sipohoned" implies that Romney improperly gained access to funds and benefitted directly from that...is tht what you're stating?   

So far as the $10 million deal goes...is there something improper about the deal or are you suggesting that as a capitlist Romney should limit the scope of his business to private sector deals?  I must say...that sounds kinda stupid on it's face.

Coach is Back!

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Rolling stone. Haha, now there's a great non bias source for politics. Haha.