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Obama’s Top Bundler Jonathan Lavine Was In Charge of Bain During GST Steel Layoffs

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posted on Jul, 18 2012 @ 03:47 PM
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In the video below you will hear an account from several gentlemen talking about GST Steel, and how Bain Capital along with Mitt Romney were responsible for the demise and eventual collapse of the business in 2001. However, after doing a bit of research we can conclude that Mr. Romney wasn't an active senior investment manager at Bain Capital after 1999, although the video below will have you believe otherwise.

Let's have a look at what was and is being reported about Romney and Bain capital from the Obama camp regarding GST steel.

thehill.com

"The campaign is releasing a six-minute video featuring the story of GST Steel, which was purchased by Bain Capital and subsequently shuttered after more than 100 years of business. After purchasing the company, Mitt Romney and his partners loaded it with debt, closed the Kansas City plant and walked away with a healthy profit, leaving hundreds of employees out of work with their pensions in jeopardy," the campaign said in a statement.

What is important in fact is the Obama campaign's hypocrisy about who was taking part at Bain Capital during it's time of crisis and subsequent collapse. Having said that, let's look at the video first.


What is interesting and not reported on by the Obama camp, is who was actually involved at Bain Capital during the lay-off period at GST Steel. It's not clearly reported on, but during the period Romney left Bain to coordinate the Olympics in Utah, a gentlemen by the name Jonathan Ravine worked for Bain capital supposedly during this period GST Steel went out of business.

Whether or not Mr. Ravine oversaw Bain Capital's stake in GST Steel is yet to be seen, however what we do know is that he is one of Mr. Obama's top campaign bundlers and a major player tied to the outsourcing pioneers statement the campaign has been hammering Romney with.

The double standard that this administration has is unbelievable, and when it comes to pointing fingers your not much better than your opponent.

Regardless of all the political grandstanding and B.S. being spewed, both candidates are globalists.

(Alternative source)




posted on Jul, 18 2012 @ 04:21 PM
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reply to post by Daedal
 


OKAY....Romney was CEO, Chief Executive Officer, Chairman of the Board and sole stockholder of Bain during this time...BUT he had absolutely nothing to do with it!

President Obama has one guy out of hundreds that volounteered to raise money for his campaign that might have worked for Bain at that time...AND that makes President Obama responsible for Bain's actions how???

Idealogy makes peoples logic centers shut down.
edit on 18-7-2012 by Indigo5 because: (no reason given)



posted on Jul, 18 2012 @ 04:33 PM
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Originally posted by Indigo5
reply to post by Daedal
 


OKAY....Romney was CEO, Chief Executive Officer, Chairman of the Board and sole stockholder of Bain during this time...BUT he had absolutely nothing to do with it!


John Ravine has been working at Bain Capital since 1993 that's a fact, just check the link to Bain's website. It doesn't make Obama responsible for Bains' actions, but it does show how he will accept contributions through a bundler whose currently employed with the company he's berating.

So according to the Obama team’s logic, Romney, who had left Bain, is responsible for GST Steel’s demise, but Lavine, who was there, is not?
edit on 18-7-2012 by Daedal because: Edit



posted on Jul, 18 2012 @ 05:03 PM
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reply to post by Daedal
 


Oh it's not just the Obama Campaign that is berating Bain...Romney does it everytime he disavows them and claims that he ahd nothing to do with them after 1999.

As far as Obama not refusing contributions from a bundler that works for Bain....why should he? He has said repeatedly that Bain capital has it's place in a capitalist system, just that it doesn't qualify anyone for President.

This guy has bundled around 200k for the campaign....other contributors money, not his own...not Bain's...thus the word "bundler".

Sheldon Anderson has given Romney over 10 Million and he is under investigation for working with the Chinese mafia "Triads".

These types of apples to oranges arguments always make me laugh because they are self contradictory.

If Bain is good...then why does Romney disavow them so vehemently?

If Bain is good...then why should President Obama return the funds...non-bain funds..bundled by a Bain employee.

It's hard to have it both ways.

Is it possible that Bain is a company that has done both good and bad things? And that Romney has chosen to selectively LIE...take credit for thier achievments...deny any knowledge of thier misdeeds?

Try this...Staples...Romney touts it as evidence of his turn-around genius...

When was that turn-around?


The five-year branding odyssey that began in 2001 has helped make $16.1 billion Staples the runaway leader in office retail.


money.cnn.com...

Geez...Mr. Romney...I thought that you were "retro-actively retired" from Bain in 2001???

This isn't about BAIN...It is about Romney LIEING about Bain...and hiding all his financial records and holdings.
edit on 18-7-2012 by Indigo5 because: (no reason given)



posted on Jul, 22 2012 @ 02:46 AM
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Originally posted by Indigo5
reply to post by Daedal
 


OKAY....Romney was CEO, Chief Executive Officer, Chairman of the Board and sole stockholder of Bain during this time...BUT he had absolutely nothing to do with it!

President Obama has one guy out of hundreds that volounteered to raise money for his campaign that might have worked for Bain at that time...AND that makes President Obama responsible for Bain's actions how???

Idealogy makes peoples logic centers shut down.
edit on 18-7-2012 by Indigo5 because: (no reason given)


Every source comes to the same conclusion, Romney had no active part at Bain past 1999. I know you want it to be otherwise, but facts can't be ignored.

When you are campaigning on the fact you think Porn is bad and your opponent had a store selling porn, you probably should not have the guy who managed said porn store in your campaign. Or it makes you a hypocrite.



posted on Jul, 22 2012 @ 02:56 AM
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Originally posted by Indigo5
reply to post by Daedal
 


Try this...Staples...Romney touts it as evidence of his turn-around genius...

When was that turn-around?


The five-year branding odyssey that began in 2001 has helped make $16.1 billion Staples the runaway leader in office retail.


money.cnn.com...

Geez...Mr. Romney...I thought that you were "retro-actively retired" from Bain in 2001???


Hey you can parrot lies you read on the internet, good for you! How about Romney helped Staples START in New England in the 80's. Good try though. Bain sold Staples stocks when the company went publin in 1989. Maybe you should research before you post so you don't look like a complete retard. Romney probably helped create a million jobs with his Staples investment.


Their first big success was a 1986 investment to help start Staples Inc., after founder Thomas G. Stemberg convinced Romney of the market size for office supplies and Romney convinced others; Bain Capital eventually reaped a nearly sevenfold return on its investment, and Romney sat on the Staples board of directors for over a decade.

I am editing in the wikipedia quote and link, I loathe wikipedia but you aren't worth my time in getting a better source. I think 1986 might be before 1999, what do you think?
en.wikipedia.org...
edit on 22-7-2012 by OccamsRazor04 because: (no reason given)



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