UAW / SEIU to file ethics complaint against Romney and the millions he made on the auto bailout

Willard “the car guy” Romney is having more problems with cars… and with hypocrisy, and full disclosure, and ethical behavior. In other words, business as usual. Apart from writing op-eds entitled “Let Detroit go bankrupt,” or lying that Jeep is shipping American jobs to China, we’ve learned that Lord and Lady Romney’s secret investments bought them a 3,000 percent return on investmentfrom the auto bailout. From taxpayer dollars!

However, Mitt didn’t disclose any of that. From the Huffington Post:

The United Auto Workers (UAW), the Service Employees International Union (SEIU), and other groups plan to file an ethics complaint against Mitt Romney for allegedly failing to disclose his profits from the auto bailout… The groups are calling for an investigation by the U.S. Office of Government Ethics to investigate Romney’s alleged violation of the Ethics in Government Act, which requires presidential candidates to disclose their personal finances. The ethics complaint comes on the heels of an Oct. 17 article in The Nation, which alleged that Romney has hidden his personal gains of at least $15.3 million from the auto bailout.

“He made his fortune off the misfortune of others,” Bob King, president of the UAW, told The Huffington Post on Wednesday. “Why should we have to find out from the media about this?” [...] Romney and his wife allegedly made millions from the auto bailout through their investments in the hedge fund Elliott Management, which held a stake in the auto bailout recipient Delphi Automotive, according to The Nation. The return on this investment amounted to more than 3,000 percent, according to The Nation.

The Toledo Blade: “It’s time for Mr. Romney to follow the law. That’s really not too much to ask for someone who would be our president,” Mr. Woodruff said. A spokesman for the Romney campaign could not be reached for comment. Mr. King said the American people have the right to know about any potential conflicts of interest that might exist in Mr. Romney’s investments. “Mitt Romney’s refusal to come clean on where he has his money invested is much more than an ethics violation… The public deserves to know where, when, and how much Mitt Romney bet against American workers with his investments.”

And you just know that Romney’s profit from the bailout is now sitting somewhere in the Caymens or Bermuda or Switzerland, collecting interest, not creating even ONE American job. The worst part of it: there are people who will vote for this guy on Tuesday.

You really must do your part: VOTE!!

The Mitt Romney way: how he made millions from the rescue of Detroit

Greg Palast: “Mitt Romney, through Ann Romney’s blind trust—not so blind, they could see exactly where the money was going—gave their money to Paul “The Vulture” Singer… Singer, with two of his hedge fund buddies, bought up the auto parts division of General Motors for only 67 cents a share. They were able to turn 67 cents a share into $22 a share by threatening GM and the U.S. Treasury with a complete shutdown of the auto industry. They had complete control of all the steering wheels and steering columns of every car that was being made in America. GM would have been liquidated. They literally threatened to shut down GM. And so, they—the government simply allowed GM to pay them $12 billion. About half of that was straight from the U.S. Treasury in a takeover of Delphi’s pension fund.

Once they got the money—once they got the money, they eliminated 28 of 29 auto plants in the U.S. They moved—they eliminated every single job of every UAW member; 25,200 UAW members all lost their jobs. Almost every plant was then moved by the Romney group to China. Delphi is making a fortune today. So you have 25,000 workers who lost their jobs to China. Three hedge fund managers made at least $4 billion, $4.2 billion. And the Romneys have made at least 15, but the evidence suggests that it’s more like $115 million for the Romneys, about a 4,000 percent profit.

What we can’t get from them at this moment, this may be the reason why they are not releasing their 2009 taxes, because that would give us a better hint. Unfortunately, they’ve not only moved the company operations to China, but they’ve moved their incorporation of the auto parts division of General Motors from Troy, Michigan, to the Isle of Jersey in the Mediterranean Sea, which hides their taxes and also, of course, hides their accounts.”

— “Mitt Romney’s Bailout Bonanza: How He Made Millions from the Rescue of Detroit”

It would be great if someone would ask Mitt Romney to explain: 1) this, or 2) how vulture capitalism helps America or the tax payer — or the 47 percent he was sneering at with his wealthy donors in May — or, 3) how more tax cuts for “small businesses” like Delphi would translate into “job creation.”

Related:

My pain is Mitt Romney’s gain: Sensata and American jobs lost to China

Morning Bunker Report: Thursday 4.5.2012

THE SHORT BUS: YOUR 2012 REPUBLICAN (TEA)PARTY 

“Nobody thinks Romney’s going to win. Let’s just be honest. Can we just say this for everybody at home? Let me just say this for everybody at home. The Republican establishment — I’ve yet to meet a single person in the Republican establishment that thinks Mitt Romney is going to win the general election this year. They won’t say it on TV because they’ve got to go on TV and they don’t want people writing them nasty emails.” — Joe Scarborough, Morning Joe (via)

Here’s Some Advice for Mitt Romney – Matthew Dowd — Let go of the bitter fight with Rick Santorum and understand the key strategic imperative is to unite the party. Being bigger than Santorum will show how confident you are and how generous you can be. Don’t run any more negative ads against Santorum; let it be OK for him to win his home state and possibly save face. Tell your staff to quit attacking him and his campaign. Choose either to be all positive about yourself or to only contrast yourself with Obama. This will show how smart your campaign is and how able you are to adapt to a new moment. It is Easter, by the way, and as many folks of faith celebrate a new beginning and the power of compassion. Adopt this same sentiment. [image: politicaldirtylaundry]

Santorum struggles to stay relevant as Romney and Obama begin face-off  — Romney has already launched the first of what is expected to be a barrage of attack adverts targeting Santorum’s record as a US senator from the state for 12 years. Romney has accused him of betraying conservative values by voting to raise the national debt and of being compromised by years in Congress. [...] Romney commanded the most support among strong backers of the Tea Party movement and ran a close second to Santorum among voters who identified themselves as very conservative or as evangelical Christians. In early contests, such as South Carolina, Romney did badly with those groups. After Tuesday’s losses, Santorum pledged to defy pressure from “the Republican establishment and aristocracy” to drop out of the race and said he would keep going through the primaries in May. “Who’s ready to charge out of the locker room in Pennsylvania for a strong second half?” he said. But if Santorum loses the race in Pennsylvania, the pressure to step aside and allow the Republican party to concentrate on its campaign against Obama will intensify.

Rick Santorum Trails Mitt Romney In Pennsylvania, Poll Says — The notion that Santorum has a shot at the Republican nomination even with a victory in Pennsylvania was already a bit far-fetched. A loss there would likely convince even the most passionate backer that the gig is up. But the practical effect of poll numbers like these is greater then just providing a window into where the race currently stands. Santorum has a lot — personally and professionally — riding on his performance in Pennsylvania. And it’s not unreasonable to see him feeling intense pressure to bow out of the contest out of concern that he’d suffer an embarrassing loss.

Planned Parenthood Bomber: ‘They’re Killing Babies There’ – Francis Grady, who’s accused of firebombing a Wisconsin Planned Parenthood clinic on Sunday night, appeared in court today and settled the question of whether or not he’s an anti-choice fanatic: he is. A Grand Chute man accused of setting a fire at a Planned Parenthood clinic made his first appearance Wednesday in U.S. District Court in Green Bay. Francis Grady, 50, told U.S. Magistrate Judge Sickel he planned to plead guilty, but Sickel ignored the statement and scheduled Grady for an April 19 preliminary hearing. At one point, Grady interrupted him to ask, “Do you even care at all about the 1,000 babies that died screaming?”

PRESIDENT OBAMA / DEMOCRATS

At UAW legislative conference, Obama defends auto bailout – “I placed my bet on the American worker and I’ll make that bet any day of the week,” the president declared to the UAW delegates. He praised the union, saying it was a major factor in making American history, including enabling the country to “defeat fascism” in World War II and the creation thereafter of the middle class itself. He also slammed the Republicans for their concentration on so-called “value” issues. “I keep hearing these same folks talk about values all the time,” he said. “You want to talk about values? Hard work – that’s a value. Looking out for one another, that’s a value. The idea that we’re all in it together and I am my brother’s keeper and sister’s keeper that’s a value. “They’re out there talking about you like you’re some kind of special interest that needs to be beaten down,” Obama declared. “They are wrong. That’s the philosophy that got us into this mess. We can’t afford to go back to it. Not now.” [image: moveon]

What Detroit’s Resurgence Says About The Auto Bailout — Mitt Romney attacked the Volt the same day the big three released their new numbers. “I’m not sure America was ready for the Chevy Volt,” he said. “I mean, I hope it does well, I don’t want to disparage any product coming out of Detroit. But I think instead of having politicians tell us what kind of cars we ought to make, we ought to let the people who are trying to understand the market make that decision.” Romney also continues to struggle with his original position on the bailout — outlined in a memorable 2008 New York Times op-ed, “Let Detroit Go Bankrupt.” “If by chance people don’t remember that editorial, we’re going to remind them of it,” said Don LaForest, chairman of the UAW’s bargaining committee at the Detroit Hamtramck plant, where the Volt is made. Rattner believes it’s a safe bet that the bailout will become a major campaign issue. “That the auto bailout has had a very positive impact on the country is the message you’ve seen the White House use and they should continue to use it,” Rattner told TPM. “There were some pretty amazingly incorrect predictions made by people who were against the bailout. They should step back and rethink their hypotheses.”

WE ARE LIKELY TO HEAR A LOT MORE ABOUT SOCIAL DARWINISM in the months ahead. It was the conservative creed during the late 19th century – legitimizing a politics in which the lackeys of robber barons deposited sacks of money on legislators’ desks, and justifying an economy in which sweat shops were common, urban slums festered, and a significant portion of America was impoverished. — Robert Reich: The Choice in 2012: Social Darwinism or a Decent Society

Clinton: Unilateral Israeli Attack On Iran Now ‘Is Not In Anyone’s Interest’ — REENA NINAN: How successful has the U.S. been in getting and preventing Israel from taking unilateral action against Iran? CLINTON: Well we’ve worked very hard with Israel on all levels from the military, intelligence, strategic, diplomatic level to make sure we were sharing information, that we knew what each other was assessing. And it’s our very strong belief, as President Obama conveyed to the Israelis, that it is not in anyone’s interest for them to take unilateral action. It is in everyone’s interest for us to seriously pursue at this time the diplomatic path.

Wednesday morning’s 9 vaguely interesting things

1) Michigan and Arizona voters choose a new oligarchy over a new theocracy! – Romney, the former Massachusetts governor, had 41 percent to Santorum’s 38 percent, with 99 percent of the vote counted, according to the Associated Press. Romney won Arizona with 47 percent to Santorum’s 27 percent, with 89 percent of the vote counted.

Animation: Mitt loves Michigan

2) Too late Santorum: we already know you’re a religious nut || After big primary loss, Santorum retools message for must-win Ohio – In a speech on Tuesday after results were known, Santorum moved his message away from the social issues for which he is known and tightened his focus on themes dear to blue-collar voters who will have a big say when the race moves to Super Tuesday next week, which includes what is now the must-win state of Ohio. [...] Usually happy to speak for about 45 minutes about topics ranging from abortion to radical Islam, Santorum kept his speech brief after losing, making rising gas prices and revitalizing the manufacturing sector the core elements of his comments, saying “bureaucrats in Washington don’t care about flyover country.” “Are we a country that believes in big government, do we believe in the smart and elite in this country to manage us or do you believe in free people and a free economy and building a great America from the bottom up?” Santorum said.

3) Obama forcefully rebuts Mitt Romney in speech to auto workers union“Because I’ve got to admit, it’s been funny to watch some of these politicians completely rewrite history now that you’re back on your feet. These are the folks who said if we went forward with our plan to rescue Detroit, “you can kiss the American automotive industry goodbye.” Now they’re saying they were right all along. Or worse, they’re saying that the problem is that you, the workers, made out like bandits in all of this; that saving the American auto industry was just about paying back unions. Really? Even by the standards of this town, that’s a load of you-know-what. About 700,000 retirees saw a reduction in the health care benefits they had earned. Many of you saw hours reduced, or pay and wages scaled back. You gave up some of your rights as workers. Promises were made to you over the years that you gave up for the sake and survival of this industry, its workers, and their families. You want to talk about values? Hard work – that’s a value. Looking out for one another – that’s a value. The idea that we’re all in it together – that I am my brother’s keeper; I am my sister’s keeper – that is a value.” Watch:

4) Don’t worry fringe-right bigots who hate President Obama for apologizing for soldiers burning Korans in Afghanistan: your hero George W. Bush also hates America and freedom and liberty and the troops and Jesus05/21/2008: President Bush has apologized to Iraq’s prime minister for an American sniper’s shooting of a Quran, and the Iraqi government called on U.S. military commanders to educate their soldiers to respect local religious beliefs. Bush’s spokeswoman said Tuesday that the president apologized during a videoconference Monday with Prime Minister Nouri al-Maliki, who told the president that the shooting of Islam’s holy book had disappointed and angered both the Iraqi people and their leaders. “He apologized for that in the sense that he said that we take it very seriously,” White House press secretary Dana Perino said. “We are concerned about the reaction. We wanted them to know that the president knew that this was wrong.” Oh Dana, shitting on Muslims is never wrong.

5) Gingrich: Santorum ‘Strongly Overreacted’ To JFK’s Religion Speech - Newt Gingrich chided fellow GOP presidential candidate Rick Santorum today for saying he wanted to “throw up” when he heard a speech by President John Kennedy about the need for a separation of church and state. Santorum has walked back the comments a bit, but Gingrich told conservative radio host Laura Ingraham that Santorum “strongly overreacted” to JFK’s speech (he also misrepresented it, as Salon’s Joan Walsh pointed out). “At the time it was seen as a brilliant and effective speech, and I think it was,” Gingrich said, comparing Kennedy to GOP icon Ronald Reagan.

6) Union of Concerned Scientists: U.S. nuclear oversight too lax – A study of safety lapses at nuclear power facilities in the United States found that owners of atomic plants too often either close an eye to problems or fail to adequately address them, a watchdog group said Tuesday. The report by the Union of Concerned Scientists (UCS) in its study found 15 cases of safety equipment problems and security shortcomings at 13 nuclear plants last year, calling that number “high.” [...] The group said that lax NRC oversight has allowed some problems to fester for decades, and found that 47 nuclear reactors — nearly half of the 104 nuclear plants operating in the United States today — still do not comply with fire regulations established by the NRC in 1980 and amended in 2004. It also said that there are 27 reactors with inadequate protection against earthquakes.

7) Fukushima contamination ‘chronic and lasting’ – Radioactive contamination levels from Japan’s crippled Fukushima nuclear plant have fallen sharply since the accident but will be “chronic and lasting” for many years, a French watchdog said Tuesday. “The initial contamination linked to the accident has greatly declined,” Didier Champion, crisis manager at the Institute for Radiological Protection and Nuclear Safety (IRSN), told reporters almost a year after the disaster. “That doesn’t mean that there won’t be any more, far from it. Today, and for many years to come, we will have a situation of chronic and lasting contamination of the environment.”

8) Panetta: Iran Hasn’t ‘Made The Decision To Develop A Nuclear Weapon’ - LINDSEY GRAHAM: Do you believe the Iranians are trying to develop a nuclear weapon? LEON PANETTA: I think they’re developing a nuclear capability [but] our intelligence makes clear that they haven’t made the decision to develop a nuclear weapon. Graham moved on and chose not to publicly disagree with the Secretary of Defense but the message from Panetta was clear. U.S. intelligence, at this time, does not conclude that Iran is in the process of building a nuclear weapon. These views are echoed by the the IAEA — the U.N.’s nuclear watchdog agency — which, just last week, reiterated its “serious concerns regarding possible military dimensions to Iran’s nuclear programme,” but came short of concluding that Iran is pursuing a nuclear weapon.

9) It is beyond batshittery that this is even up for discussion.

POTUS was fired up at the UAW today

barackobama:

POTUS was fired up at the UAW today.