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Friday, November 2, 2012

Mitt Romney gets his very first ethics complaint

From CNBC.com

WASHINGTON, Nov. 2, 2012 /PRNewswire via COMTEX/ -- Groups Urge Office of Government Ethics to Make Romney Disclose or Divest A coalition of community, labor and good-government organizations is calling on the U.S. Office of Government Ethics to investigate presidential candidate Mitt Romney for noncompliance with the Ethics in Government Act and compel him to either disclose his investments or divest them.

A letter sent today to Don W. Fox, general counsel of the Office of Government Ethics, states that Gov. Romney "has not even attempted to meet the requirements for a federal blind trust with respect to his substantial equity holdings. The only way for this law to be enforced in a meaningful way is for your Office to act promptly to demand that candidate Romney disclose his stock holdings, or divest them if disclosure is not feasible." The letter was sent by Citizens for Responsibility and Ethics in Washington, People for the American Way, Public Campaign, Public Citizen, SEIU, UAW and The Social Equity Group, and it follows up on a previous letter sent to the Office of Government Ethics on Aug. 23, 2012, that urged the office to act.

"The American people have a right to know about Governor Romney's potential conflicts of interest, such as the profits his family made from the auto rescue," said UAW President Bob King. "It's time for Governor Romney to disclose or divest.

"The company Romney founded, Bain Capital, continues to devastate American workers and communities by closing profitable U.S. facilities and shifting work to China to make even more profits. A current example happening today is Bain closing a profitable Sensata plant in Freeport, Ill. While Romney was opposing the rescue of one of the nation's most important manufacturing sectors, he was building his fortunes with his Delphi investor group, making his fortunes off the misfortunes of others. These are all examples of the Romney economy we can expect if Romney becomes president," King added.

"When I first hired in, everything was going well," said Heath Lindsay, a former Delphi worker from Dayton. "I bought a home, got married and had a child. When the bankruptcy happened, my pay was cut in half and we lost our home to foreclosure. My pension was terminated in 2007 and was turned over to the PGBC [Pension Benefit Guarantee Corporation]. I am eligible for a 401(k), but I can't afford to contribute to it. When my wages were good, we could get by but I am the sole provider for my wife and kids and life is a lot harder now," Lindsay added.

The groups believe that Romney's undisclosed stock holdings create serious conflicts of interest. They point to the auto loans as a key example. The Nation recently reported that the Romney family personally profited by at least $15.3 million from the auto loans of 2009. Yet Romney's June 1, 2012, Public Financial Disclosure Report to the Office of Government Ethics did not reveal this windfall because he did not disclose the underlying holdings of his private equity and limited partnership funds.
Romney profited from his family's investment in Delphi Corp. at the expense of the Delphi workers. Other unreported investments that could create conflicts of interest include controversial holdings in Sensata and Global-Tech.

"Mitt Romney is hiding his investments because he doesn't want the American people to know what a Romney Economy would look like," said Tom Woodruff, executive vice president of SEIU. "Governor Romney has invested in companies that outsource good jobs to China and cut wages, benefits and pensions for workers here in America. The American people need to know how many other companies like Sensata, Global Tech and Delphi Governor Romney has invested in." With the presidential election less than a week away, the letter urges the Office of Government Ethics to "act now to ensure Mitt Romney is in full compliance with the law's disclosure requirements so that the public has the necessary information to evaluate candidate Romney's position on matters in which he stands to benefit personally should his legislative agenda become law."For more information, visit UAW.org or SEIU.org.

For more information about the complaint letter to the U.S. Office of Government Ethics, Contact: Craig Holman, Ph.D., Government Affairs Lobbyist, Public Citizen, Office: (202) 454-5182, Cell: (202) 905-7413 SOURCE United Auto Workers 

About time someone stood up to this bastard.  Just like Sarah Palin.

3 comments:

  1. Mitt Romney reminds me a lot of Alec Baldwin's character in Fun With Dick and Jane when he scams his employees and bankrupts the company. Let's hope this greedy son of a bitch doesn't win.

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  2. From the end of the final Presidential debate until Nov. 6th over 300 billion dollars worth of political ads will air. Everyone benefits. Including you. Television stations, radio stations, newspapers, magazines, blogs, polling firms (especially Gallup), the Republican Party, the Democratic Party (over one billion dollars raised - an historic high) are making money and basking in profits.

    The ¨close race¨ strengthens the Republican Party and favors President Obama. The Tea Party Republicans thwarted the Jobs Bill, sabotaged our economy, and prevented decent Republicans from helping President Obama help America. The ¨close race¨ has eliminated this threat. There is money in the bank to beat these ¨Paul Ryans¨ senseless in 2014.

    President Obama will win this election with a minimum of 323 electoral votes. Minimum.

    It took Japan ten years to recover from their recession.

    We will do it in less than eight.

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  3. Just how much money does one family need? Romney has no problem making a buck (or a million bucks) off of the misfortune of someone else - hell, a lot of the time it looks like he created the misfortune.

    ReplyDelete

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