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Showing posts with the label Bain

Former Ronald Reagan budget director speaks out against Mitt Romney

It's been a rough couple days for Republican presidential nominee Mitt Romney when it comes to receiving harsh criticism from some unlikely places. A piece was released by the New York Times yesterday, where Walter De Vries - a longtime aide of Mitt's father, George Romney - criticized Mitt for multiple things, in particular his flip-flopping, and even went on to say he'd be voting for Barack Obama in November. Today, former Ronald Reagan budget director David Stockman had an op-ed published in The Daily Beast , where he, like De Vries, criticized Mitt Romney. In the op-ed entitled "Mitt Romney: The Great Deformer," the former Reagan budget director said, "Mitt Romney was not a businessman. He was a master financial speculator who bought, sold, flipped, and stripped businesses." He also stated, "Bain's billions of profits were not rewards for capitalist creation; they were mainly windfalls collected from gambling in markets that were rigge...