Labor Day: Team America, Including Workers, Built That
Bain put $18.2 million into the project, less than half of what Indiana residents did, and the private equity firm took out $104 million when it sold its share five years later. Romney, of course, contends he built that all by himself.
Similarly, California taxpayers built a conveyor bridge between two Bain company buildings. New York taxpayers gave Bain tax breaks and lower energy bills so it wouldn’t move a company to New Jersey. South Carolina taxpayers gave Bain company Holson $200,000 in utility support and a $5 million construction bond. Maryland taxpayers gave Bain company Staples $2.3 million in grants and low-interest loans. And there’s more government help for Bain companies Sealy, Steam International, Alliance Laundry Systems, Burger King. . .
But, you know, Romney did it all by himself.
Then there’s the 2002 Salt Lake City Olympics that Romney claims to have saved all by himself. Right. Except for that quarter billion dollars that American taxpayers donated in the form of federal subsidies to rescue the games.
Other GOP members who spoke on the special “Republicans built it” day at the convention were Phil Archuletta, owner of P&M Signs, and Sher Valenzuela, who owns an upholstery business. Both received government aid to build their businesses. Archuletta complained that his business didn’t get enough tax dollars out of the federal stimulus package – only $340,000. Valenzuela got $2 million in loans from the Small Business Administration and $15 million in government contracts, some noncompetitive. But, you know, they did it all by themselves.
Last week, while Republicans claimed credit for building by themselves everything that’s great in America, President Obama upped the ante on his contention that many achievements are a result of group efforts. The President told 6,500 students at the University of Virginia that securing a tax credit for college tuition, increasing tuition grants and extending low interest interest federal student loans, were all possible “because of you.”
President Obama made no claim that he built that by himself. On Labor Day, he recognizes the contributions union and non-union workers made to building this great country.
All Americans built that.
(Now some may say Republicans love black people and Hispanics. Both Former Secretary of State Condi Rice and Sen. Marco Rubio spoke at the convention. But here’s the thing, Ann Romney last week referred to Hispanics at a Latino Coalition luncheon as “you people,”and two GOP Convention delegates threw peanuts at a black CNN camerawoman and yelled, “This is how we feed the animals.”)