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Showing posts with the label Bain Capital

Esty the Grownup Democrat

The good news is that Bain Capital, associated with Republican presidential candidate Mitt Romney, was not asked by the owners of Deco Products of Iowa to intervene and streamline its processes at a time when the company was suffering business losses. Deco has for more than six decades been in the family of Elizabeth Esty, a Democrat in true blue Connecticut running for the U.S. Congress in the 5 th District. The further good news is that, owing to a mishap involving the FBI in Chris Donovan’s campaign for the same position, Ms. Esty prevailed over Mr. Donovan in a democratic primary. Mr. Donovan’s political parts were assembled in a union hall. One can only imagine what hash he would have made of Mrs. Esty had it been known during the Democratic primary that Mrs. Esty is the beneficiary of a family owned company that, way back in 2009 when times were tough, laid off 53 of about 225 NON UNIONIZED workers.

Murphy, Romney and SuperPACs

What do U.S. Representative Chris Murphy, the state Democratic Party nominee for the U .S. Senate, and Mitt Romney, the presumptive Republican Party nominee for president, have in common? They are both victims of misleading ads, and those who initiated the ads refused to pull them after they had been shown to be pock marked with errors. A Democratic primary ad criticizing Mr. Murphy approved by Susan Bysiewicz was found to contain errors of a minor nature. The ad claimed Mr. Murphy was the number one recipient of Wall Street hedge fund contributors in the nation. Mr. Murphy was number four, not number one . Mr. Murphy’s lawyers at one point threatened to sue Connecticut television stations carrying the ad, even though the stations were obligated by law to run it. Eventually, Mrs. Bysiewicz pulled her ad, and everyone breathed a sigh of relief; no legal suits were filed. The anti-Romney ad -- the handiwork of Priorities USA, a super PAC founded by former White House spok...