The California State Teachers’ Retirement System (CalSTRS) has $1.25 billion invested with Bain Capital. Ricardo Duran, CalSTRS spokesman, said that CalSTRS’s fiduciary duty to its members and their families is paramount. He also said that private equity (such as Bain Capital) has been the best-performing asset class in the system’s portfolio over the past 24 [...]
Oops! Here’s a little something that must have slipped out while David Axelrod and the rest of the President Barack Hussein “kill list” Obama reelection campaign committee weren’t looking. The Obama reelection campaign blamed Mitt Romney for the failure of GST Steel company in 2001. A May, 2012, TV ad focuses on the Bain acquisition [...]
If you tell a lie often enough people will believe you. This seems to be the case for Team Obama regarding Mitt Romney’s departure from Bain Capital. Continuing to spread falsehoods and exaggerations may turn one or two naive voters back to the Obama camp. CNN should have no axe to grind in this story. [...]
President Obama and his team thought they could deliver a headshot to Romney with the grossly inaccurate Bain ad that detailed how they closed GST Steel. Well, Romney left Bain in 1999 and GST Steel folded in 2001. Not to mention, Bain’s managing director, Jonathan Lavine, was still at Bain when GST closed its doors. [...]
