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Wednesday, July 4, 2012

Romney involved in business that disposed of aborted fetuses

So between blatant lying and investing in a medical waste business that disposed of aborted fetuses, which one do you think the radical right will find more offensive? At least Mitt has been consistent in that he has never been able to stay consistent with his stories. Anything that he said yesterday has no relevance to what he's going to say or do today.

More from Mother Jones on the Bain Capital and Mitt Romney lies.
Earlier this year, Mitt Romney nearly landed in a politically perilous controversy when the Huffington Post reported that in 1999 the repugican presidential candidate had been part of an investment group that invested $75 million in Stericycle, a medical-waste disposal firm that has been attacked by anti-abortion groups for disposing aborted fetuses collected from family planning clinics. Coming during the heat of the repugican primaries, as Romney tried to sell South Carolina repugicans on his pro-life bona fides, the revelation had the potential to damage the candidate's reputation among values voters already suspicious of his shifting position on abortion.

But Bain Capital, the private equity firm Romney founded, tamped down the controversy. The company said Romney left the firm in February 1999 to run the troubled 2002 Winter Olympics in Salt Lake City and likely had nothing to with the deal. The matter never became a campaign issue. But documents filed by Bain and Stericycle with the Securities and Exchange Commission—and obtained by Mother Jones—list Romney as an active participant in the investment. And this deal helped Stericycle, a company with a poor safety record, grow, while yielding tens of millions of dollars in profits for Romney and his partners. The documents—one of which was signed by Romney—also contradict the official account of Romney's exit from Bain.

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