9 Things That Show Mitt Romney Is Morally Bankrupt
Continued from previous page
In March 1993, the American government gave Bain & Co. a $3.9 million contract to advise Boris Yeltsin's administration on the privatization of the Russian economy, according records detailing the arrangement uncovered by The Huffington Post.
3. Opposes abortion, but invested in company that disposes of aborted fetuses. Just because Mitt Romney would make it illegal to have an abortion doesn’t mean he minds making a profit on other people’s abortions. In 1999, while Mitt Romney was still CEO of Bain Capital (a leveraged-buyout firm spun off from Bain & Co.), the company invested tens of millions of dollars in Stericyle, a medical waste firm that, among the vast array of medical waste services it provides to medical facilities, is the disposal of aborted fetuses. The Huffington Post’s Sam Stein broke the story in January, writing:
Stericycle, a massive medical waste disposal service company, received a $75 million investment from Bain Capital in 1999 and soon became an industry leader. Today, it has more than 485,000 customers worldwide. Its clients include hospitals, blood banks, and pharmaceutical manufacturers. But it has also helped dispose of medical waste from Planned Parenthood and abortion clinics -- waste that included aborted fetuses -- and that has attracted the ire of the pro-life community and establishment Republicans.
4. Decries corruption in other countries but facilitated it in his own. In his address to the Clinton Global Initiative in September, Romney bemoaned the state of affairs in developing countries, saying, "We see stories of cases where American aid has been diverted to corrupt governments." But when it comes to good ol' domestic corruption, Romney seems to be all for it -- at least when it's in his own interest. In fact, it could be argued that he even gave out an award for it.
The 2002 winter Olympics in Salt Lake City, which Romney oversaw, were renowned for their outsized expense. Some of that was incurred before Romney took the helm -- he was brought in after reports of rampant overspending and corruption -- but not all of it. In 2001, Sports Illustrated reported that the millionaires and billionaires of Utah got some sweetheart deals, at government expense, served up with roses on Romney's watch.
One example among several given is the nice little land swap that billionaire Earl Holding wrangled out of the National Park Service that netted him a prime parcel and a government-built access road. So it made total sense that he would build a high-end resort on that bucolic expanse. Here's how Mother Jones' Tim Murphy described the deal:
Snowbasin, the site of the downhill skiing championships in 2002, was one of the more notorious examples of a well-connected Utahn getting a sweetheart deal in the name of the Olympics. Earl Holding, a billionaire oil baron, pressured the Forest Service into giving him title to valuable land in Park Valley in exchange for land of "approximate equal value" elsewhere in the state. But Holding drove a hard bargain; he got Congress to foot the bill for a new—and arguably unnecessary—access road (cost: $15 million), and received more than 10 times the 100 acres that were necessary for the Games. That would allow him to turn what was once protected federal land into a massive, and lucrative, mountain resort.
The government was so instrumental in making the Olympic games happen that Romney created a special award, the "Order of Excellence," to honor public servants who had helped them pull it off. Among the recipients: John Hoagland, the US Forest Service official responsible for the land transfer of the Snowbasin downhill skiing site.