July 2nd, 2012
"He does not want you to have the self-esteem of getting up and earning, and having that title of American. He'd rather you be his slave," Rep. Allen West (R-FL) said Sunday at a campaign event in his district. (source: WPTV-TV, West Palm Beach)
Rep. Allen West Gets it right, as usual, in noting that Obama and his disciples have been increasingly miring America in unmanageable debt for the last three years. If Obama truly wanted to control both the spending and the tax outlays required of the American people, why has he not presented a budget in the last three years? Why did Obama promise to cut the debt in half in late 2009 without following through? Why is Obamacare suddenly a tax, when it was billed as a method to control medical costs?
Americans are, unfortunately, becoming a people of indentured servitude to a collectivist Statist government which rewards the lazy and penalizes the producers.
It is a fact that, an America caught between the ministrations of the Left and the equivocation of the mushy Center, has become entwined in an command economy that takes far too much from its taxpayers and then transfers it to those simply unwilling to work for both themselves and their families. Self-determination, in fact, has largely become a methodology of one man fishing around in another man's pocket.
In a recent article, we uncovered some facts about America and its taxation policies:
Top Five Most Populous Countries in Government Tax Revenue compared to population
Do you see the horrendous problems in the above chart?
While the US is collecting over 20% more in revenue from a mere 313 million people than China is collecting,which has a population of four times America's at 1.3 Billion and has a Communist system, for heaven's sake, The statists in America still managed to overspend their 2011 collections by an astounding $1.3 trillion and in what is supposed to be a Free Market system, to boot.
If you add India and China's total revenue collections together, with a total population of over 2.5 billion people which is well over 1/3 the entire world's population, their collections are then roughly equal to the revenue collection of the United States, even with less than 5% of the world's population.
In fact, if you were to add up every single one of all the remaining countries revenue amounts together except for the top five, the total amount collected would not even come close to America's annual tax receipts.
July 2nd, 2012
By: Leslie Rolander
Aimee Copeland had her makeup done, joked with her doctors and hugged her nurses before she left a Georgia hospital Monday, just two months after she was infected with a rare life-threatening, flesh-eating disease.
Despite losing her left leg, right foot and both hands, the 24-year-old graduate student kept up her high spirits as she headed for an inpatient rehabilitation clinic in metro Atlanta.
Copeland's father, Andy, said she is ready for the next phase of recovery.
"She's a very determined young lady," Andy Copeland told The Associated Press in an interview at Doctors Hospital in Augusta moments after his daughter left the facility with her mother in an ambulance. "When she sets her mind on something, she achieves it."
Copeland suffered a deep cut May 1 when she fell from a broken zip-line along the Little Tallapoosa River in Georgia. Emergency room doctors closed the wound with nearly two dozen staples, but within a few days, she contracted the rare infection, called necrotizing fasciitis.
Infections by flesh-eating bacteria sometimes can run rampant after even minor cuts or scratches. The bacteria enter the body, quickly reproduce and give off toxins that cut off blood flow to parts of the body.
The affliction can destroy muscle, fat and skin tissue. Affected areas may have to be surgically removed to save a patient's life, as in Copeland's case.
The bacteria that infected Copeland, a bug called Aeromonas hydrophila, is found in warm and brackish waters.
Many people exposed to these bacteria don't get sick. When illnesses do occur, it's often diarrhea from swallowing bacteria in the water. Flesh-eating Aeromonas cases are so rare that only a handful of infections have been reported in medical journals over the last few decades.
At first, doctors gave Copeland just a slim chance of surviving. She spent weeks sedated and breathing on a respirator while undergoing amputations and skin grafts to replace large patches of infected skin.
Copeland's speedy recovery has defied doctors' initial prognosis, and her story of survival has attracted worldwide attention and sparked an outpouring of support. A week ago, hospital officials upgraded Copeland's condition from serious to good.
Last weekend, her parents were able to take her outside the hospital in her wheelchair - her first time outdoors since she arrived. Leaving Monday was a bittersweet farewell.
"She hated to see a lot of people she loves, to say goodbye," her father said. "The sweet is that she is moving on to the next phase."
Copeland's mother arrived at the hospital early to help her get ready for the big day and did her makeup for her, her father said.
Copeland should spend about six to eight weeks in the rehab facility - just enough time for her family to finalize home improvements to make her life easier.
Copeland is determined to finish her psychology thesis and graduate from the University of West Georgia in December. Andy Copeland said he is optimistic she will achieve that goal because of her positive attitude and hopeful outlook on life.
Her father said she is looking forward to using prosthetic limbs.
"Her chances, when it comes to rehab, everything you get out of it is a direct reflection of what you put in," he said. "She looks at challenges as an opportunity, a chance to make a difference in her own life and in others. I know she is going to put in incredible effort to make sure it's the best possible experience she can have."
The ambulance crew transporting Copeland had a chance to see some of that attitude. Tom Adkins, president of Augusta-based Capital City Ambulance, said he was moved by her "unbelievable spirit."
"She's got a dynamite personality," said Adkins. "If you were not able to visualize her, there would be no way to know that she has been through this kind of experience. She will be an inspiration to people around the world."
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July 2nd, 2012
By CHRISTOPHER S. RUGABER, AP Economics Writer
WASHINGTON (AP) — U.S. manufacturing shrank in June for the first time in nearly three years, adding to signs that economic growth is weakening.
Production and exports declined, and the number of new orders plunged, according to a monthly report released Monday by the Institute for Supply Management.
The slowdown comes as U.S. employers have scaled back hiring, consumers have turned more cautious, Europe faces a recession and manufacturing has slowed in big countries like China.
"This is not good," said Dan Greenhaus, chief economic strategist at BTIG, an institutional brokerage. Though the report "does not mean recession for the broader economy, it is still a terribly weak number."
The trade group of purchasing managers said its index of manufacturing activity fell to 49.7. That's down from 53.5 in May. And it's the lowest reading since July 2009, a month after the Great Recession officially ended. Readings below 50 indicate contraction.
Economists said the manufacturing figures were consistent with growth at an annual rate of 1.5 percent or less. That would be down from the January-March quarter's already tepid annual pace of 1.9 percent.
"Our forecast that the U.S. will grow by around 2 percent this year is now looking a bit optimistic," said Paul Dales, an economist at Capital Economics.
Stocks fell sharply after the report was released at 10 a.m. But investors appeared to shake off the bad manufacturing news by the end of the day. The Dow Jones industrial average recovered most of its early losses to close down just 8.7 points at 12,871. And broader indexes ended the day up.
Most economists aren't yet predicting another recession. Though the ISM report suggests manufacturing is contracting, it typically takes a sustained reading below 43 to signal the economy isn't growing.
Still, U.S. manufacturing, which has helped drive growth since the recession ended, is faltering at a precarious time.
Americans have pulled back on spending, which drives roughly 70 percent of growth. Europe's economy is likely in recession, which has hurt U.S. exports.
And China's manufacturing sector grew in June at its slowest pace in seven months, according to a survey released Sunday by the state-affiliated China Federation of Logistics and Purchasing.
Manufacturing will likely stay weak for the next few months. The ISM's gauge of new orders, a measure of future activity, plunged from 60.1 to 47.8. That's the first time it has fallen below 50 since April 2009, when the economy was still in recession.
Fewer new orders reflect growing concerns of businesses. In addition to slower global growth and less spending by U.S. consumers, many companies worry that U.S. lawmakers won't extend a package of tax cuts at the end of the year.
Bricklin Dwyer, an economist at BNP Paribas, said the uncertainty "has left businesses unwilling to invest."
A gauge of production in the ISM's survey fell to its lowest level in more than three years.
U.S. factories are also reporting less overseas demand. A measure of exports dropped to 47.5, its lowest level since April 2009.
A gauge of employment edged down but remained at a healthy level of 56.6. That suggests factories may still be adding jobs. Manufacturers have reported job gains for eight straight months.
Overall hiring has slowed sharply this spring. Employers added an average of only 73,000 jobs per month in April and May. That's much lower than the average of 226,000 added in the first three months of this year. The unemployment rate rose in May to 8.2 percent from 8.1 percent, the first increase in a year.
Worries about slowing job growth are outweighing the benefits of lower gas prices. A measure of consumer confidence fell in June for the fourth straight month.
Slower job growth and falling confidence are weighing on consumers' willingness to spend. Americans cut back on purchases of autos and other long-lasting factory goods in May, the government said Friday.
The sharp drop in U.S. factory activity overshadowed more positive news on housing.
Construction spending rose 0.9 percent in May from April, the Commerce Department said in a separate report Monday. It was the second straight monthly increase, even though the level of spending still isn't healthy.
The increase was driven by a surge in residential construction. Home sales are up from the same month last year. Mortgage rates are at the lowest levels in history. And prices have begun to stabilize in most markets.
The economy could also get a boost this summer from lower gas prices, which have tumbled more than 60 cents per gallon since peaking in April. The result is that consumers have more money to spend on other goods, from autos and furniture to electronics and vacations, that fuel economic growth.
- US manufacturing shrinks for first time in 3 years
The Associated Press - 13 minutes ago
- US manufacturing shrinks for first time in 2 years
Seattle Post Intelligencer - 7 hours ago
- June Manufacturing ISM Report On Business(R);PMI at 49.7%;New Orders and ...
MarketWatch (press release) - 7 hours ago
July 2nd, 2012
(CNSNews.com) – Dennis K. Burke, who as a lawyer for the Democrats on the Senate Judiciary Committee in the 1990s was a key player behind the enactment of the 1994 assault-weapons ban, and who then went on to become Arizona Gov. Janet Napolitano’s chief of staff, and a contributor to Barack Obama’s 2008 presidential primary campaign, and then a member of Obama's transition team focusing on border-enforcement issues, ended up in the Obama administration as the U.S. attorney in Arizona responsible for overseeing Operation Fast and Furious.
When Obama nominated Burke to be U.S. Attorney for the District of Arizona, Burke told the Arizona Capitol Times he believed he understood what the president and his attorney general wanted him to do.
“There’s clearly been direction provided already by President Obama and Attorney General Holder as to what they want to be doing, and this is an office that is at the center of the issues of border enforcement,” said Burke.
Over the course of several days, CNSNews.com left multiple telephone messages with Burke for comment on this story. He did not respond.
Dennis K. Burke has had a long career working as an aide and political appointee to Democratic elected officials. From 1989 to 1994, he was a counsel for the Democrats on the Senate Judiciary Committee, working in that capacity for several years on an assault-weapons ban, which was finally enacted on Sept. 13, 1994 as the Violent Crime Control and Law Enforcement Act. That act expired on Sept. 13, 2004. (See NYT: Dennis Burke, Sen. DeConcini, Weapons Ban.pdf)
From 1994-95, Burke served in the Clinton Justice Department in the Office of Legislative Affairs, and in 1997-99, he was an assistant U.S. attorney in Arizona.
From 1999 to 2003, Burke was chief deputy and special assistant to Arizona Attorney General Janet Napolitano.
In 2003, when Napolitano became governor, Burke became her chief of staff. He stayed in that job until the fall of 2008, when he left to help Democratic political campaigns, including then-Sen. Obama’s presidential campaign.
Federal Election Commission (FEC) records show that on Jan. 9, 2008, while working as Gov. Napolitano’s chief of staff, Burke contributed $2,000 to then-Sen Obama’s presidential primary campaign. Since 1997, according to FEC records, Burke has contributed a total of $16,350 to various Democratic candidates.
After Obama was elected in November 2008, Burke joined his presidential transition team, serving on the Immigration Policy Working Group.
Eight days before Obama’s inauguration, on Jan. 12, 2009--while Burke was working on the transition team--Obama met with Mexican President Felipe Calderon at the Mexican Cultural Institute in Washington, D.C. At that meeting, Obama “pledged” to take action to stop the flow of guns from the United States to Mexico.
Obama also decided to put Burke’s old boss, incoming Homeland Security Secretary Janet Napolitano, in a leadership role in making the gun-trafficking problem a top priority.
“President-elect Obama expressed support for efforts in the border states in both the United States and Mexico to eradicate drug-related violence and stop the flow of guns and cash,” incoming White House Press Secretary Robert Gibbs said in a statement at the time. “He told President Calderón that he intends to ask the Secretary of Homeland Security to lead an effort to increase information sharing to strengthen those efforts. He pledged to take more effective action from the United States to stem the flow of arms from the United States to Mexico.”
When Napolitano became Homeland Security secretary, Burke moved from the Obama transition team to become her senior adviser. On Feb. 25, 2009, a little more than a month after Obama had made his “pledge” to Calderon, Napolitano testified in the House Homeland Security Committee. She stressed that stopping the flow of guns to Mexico was a top priority of the Obama administration and key focus of her work.
Responding to a question about violence on the border, Napolitano said the administration was going to work with the Mexican government on the issue. Then she said: “Secondly, it is looking at, government-wide, at what we can do to stop the southbound export of weaponry, particularly assault-type weapons and grenades that are being used in that drug war.”
Napolitano further noted that drug cartels were targeting Mexican government officials and law enforcement officers, and that, given the seriousness of the threat, Obama’s national security adviser, the attorney general, the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), and Customs (of which the Border Patrol is part) would all be working on the issue.
“I've met with the attorney general of Mexico and the ambassador already,” said Napolitano during the February 2009 hearing. “One of the things that I particularly am focused on is southbound traffic in guns, particularly assault weapons, and cash that are being used to funnel and fund these very, very violent cartels.”
The same day Napolitano testified in the Homeland Security Committee, Attorney General Holder addressed the issue of drug-trafficking-related gun violence in northern Mexico. He said he had had conversations about the issue with the Mexican attorney general and that the Obama administration believed that re-instating the assault-weapons ban in the United States--the one Dennis Burke had initially helped push through as Senate aide in 1990s--would help the situation in Mexico.
“Well, as President Obama indicated during the campaign, there are just a few gun-related changes that we would like to make, and among them would be to reinstitute the ban on the sale of assault weapons,” Holder said. “I think that will have a positive impact in Mexico, at a minimum.”
Four-and-a-half months later, on July 10, 2009, Obama nominated Burke to be the U.S. attorney in Arizona. The Senate confirmed Burke on Sept. 15 of that year.
It was in July 2010, after his nomination as U.S. attorney, that Burke told the Arizona Capitol Times that he had “been working on homeland security and border enforcement issues” during the transition, and that there had “clearly been direction provided already by President Obama and Attorney General Holder as to what they want to be doing.”
“What I hope to do, if confirmed by the Senate,” Burke told the paper, “is to ensure that those plans and strategies are being implemented and we’re moving quickly on prosecutions.”
After the nomination, former Sen. Dennis DeConcini (D-Ariz.) had high praise for Burke’s work in getting the assault weapons ban through Congress back in the 1990s.
“We ended up getting senators who had never voted for a gun bill, like Lloyd Benson of Texas and Sam Nunn of Georgia and Al D’Amato of New York, who were friends of mine that I worked real hard,” DeConcini told the Arizona Capitol Times. “But Dennis worked the staff. He was responsive to them and several of the senators mentioned to me what a great staffer you’ve got there, and I said, ‘Boy, you’re telling me.’”
The Arizona Republic has reported that “DeConcini said Burke fostered the measure in concert with a key figure in the White House, policy analyst Rahm Emanuel, who years later would become chief of staff for President Obama. … ‘Dennis was the one who worked with everyone on the Judiciary Committee to line up these members and votes,’ DeConcini said. ‘Dennis had all these pictures of these guns--the Streetsweepers and the AK-47s. And it passed by one vote. A lot of it was not my eloquence on the bill, it was stuff that Dennis had done.’”
Six weeks after Burke was confirmed, on Oct. 26, 2009, Eric Holder named him to the Attorney General’s Advisory Committee (AGAC) of U.S. Attorneys. In his capacity as an adviser to Holder, Burke chaired the AGAC subcommittee on border and immigration law enforcement while Operation Fast and Furious was happening.
The same month that Burke joined Holder’s advisory committee with a specific responsibility to report to Deputy Attorney General David Ogden on border and immigration enforcement, Ogden’s office made a significant change in the federal government’s strategy for dealing with gun-trafficking on the Mexican border.
“This new strategy directed federal law enforcement to shift its focus away from seizing firearms from criminals as soon as possible, and to focus instead on identifying members of trafficking networks,” House Oversight and Government Reform Chairman Darrell Issa wrote in a May 3 memo to other members of his committee, summarizing what the committee had learned about Fast and Furious.
“The Office of the Deputy Attorney General shared this strategy with the heads of many Department components, including ATF,” said Issa.
The next month, November 2009, the ATF in Arizona moved forward with the new strategy by creating Operation Fast and Furious.
“Members of the ATF Phoenix Field Division, led by Special Agent in Charge Bill Newell, became familiar with this new strategy and used it in creating Fast and Furious,” Issa wrote in his May 3 memo. “In mid-November 2009, just weeks after the strategy was issued, Fast and Furious began. Its objective was to establish a nexus between straw purchasers of firearms in the United States and Mexican drug-trafficking organizations (DTOs) operating on both sides of the United States-Mexico border.”
“Straw purchasers,” Issa explained, “are individuals who are legally entitled to purchase firearms for themselves, but who unlawfully purchase weapons with the intent to transfer them to someone else, in this case DTOs or other criminals.”
Remarkably, under Operation Fast and Furious, the ATF deliberately allowed guns to move south across the U.S.-Mexico border and into the hands of the drug cartels. Weapons were allowed to be sold to straw purchasers with the intent of tracing the guns to the cartels.
“During Fast and Furious, ATF agents used an investigative technique known as ‘gunwalking’--that is, allowing illegally purchased weapons to be transferred to third parties without attempting to disrupt or deter the illegal activity,” Issa wrote in the May 3 memo. “ATF agents abandoned surveillance on known straw purchasers after they illegally purchased weapons that ATF agents knew were destined for Mexican drug cartels.”
The purpose of the operation was to trace the guns recovered from crimes scenes “to their original straw purchaser, in an attempt to establish a connection between that individual and the DTO.”
The ATF Phoenix Field Division applied to Justice Department headquarters to become an “Organized Crime Drug Enforcement Task Force” (OCDETF) case. In preparing their application in early January 2009, the ATF in Phoenix wrote a memo explaining the investigative technique of Fast and Furious.
The application for Fast and Furious was approved and, in January 2010, as Issa stated in his memo, it “became a prosecutor-led OCDETF Strike Force case, meaning that ATF would join with the Federal Bureau of Investigation, Drug Enforcement Administration, Internal Revenue Service, and Immigrations and Customs Enforcement under the leadership of the U.S. Attorney’s Office for the District of Arizona.”
In other words, it was under the leadership of Dennis Burke.
“Although ATF was the lead law enforcement agency for Fast and Furious, its agents took direction from prosecutors in the U.S. Attorney’s Office,” Issa says in his May 3 memo. “The lead federal prosecutor for Fast and Furious was Assistant U.S. Attorney Emory Hurley, who played an integral role in the day-to-day, tactical management of the case.”
Issa states in his memo that Burke’s U.S. attorney’s office made it more difficult for ATF agents to interdict guns.
“Many ATF agents working on Operation Fast and Furious came to believe that some of the most basic law enforcement techniques used to interdict weapons required the explicit approval of the U.S. Attorney’s Office, and specifically from Hurley,” Issa wrote. “On numerous occasions, Hurley and other federal prosecutors withheld this approval, to the mounting frustration of ATF agents. The U.S. Attorney’s Office chose not to use other available investigative tools common in gun trafficking cases, such as civil forfeitures and seizure warrants, during the seminal periods of Fast and Furious.”
“The U.S. Attorney’s Office advised ATF that agents needed to meet unnecessarily strict evidentiary standards in order to speak with suspects, temporarily detain them, or interdict weapons,” Issa said. “ATF’s reliance on this advice from the U.S. Attorney’s Office during Fast and Furious resulted in many lost opportunities to interdict weapons.”
A report on Fast and Furious released by House Oversight and Government Reform Committee Democrats in January 2012, indicates that on Jan. 5, 2010, officials from the ATF Phoenix office met with Assistant U.S. Attorney Hurley and determined that the gun-trafficking investigation should continue because it wasn't ready for prosecution. The Democrat report quotes a briefing paper prepared by the ATF three days after the meeting--which would be Jan. 8, 2010--that says U.S. Attorney Burke was briefed on the matter and agreed that the investigation should continue.
"Investigative and prosecutions strategies were discussed and a determination was made that there was minimal evidence at this time to support any type of prosecution," said the ATF briefing paper, "therefore, additional firearms purchases should be monitored and additional evidence continued to be gathered. This investigation was briefed to United States Attorney Dennis Burke, who concurs with the assessment of his line prosecutors and fully supports the continuation of this investigation."
Eight days after this briefing paper was produced, on Jan. 16, 2010, straw buyers bought three assault-weapon rifles, two of which would figure prominently in the unraveling of the program. They were the weapons that would later be found at the scene of the murder of Border Patrol Agent Brian Terry.
On. Nov. 24, 2010, just a few weeks before Terry was murdered, Burke--who had begun his career in public service working to enact an assault-weapons ban--had an email exchange with another U.S. attorney about an investigation he was working on that involved "straw purchasing of assault weapons."
“What a great investigation. What is the ETI (estimated time of indictment!)” U.S. Attorney Jenny A. Durkan for the Western District of Washington said to Burke in an email.
Burke responded, “Would love to chat. We are about to indict around [REDACTED] clowns for a Gun Trafficking to Mexico operation. It's a T-III investigation that we have been working w/ATF for a long time and IRS is all over some money laundering charges. It’s going to bring a lot of attention to straw purchasing of assault weapons. Some of the weapons bought by these clowns in Arizona have been directly traced to murders of elected officials in Mexico by the Cartels, so Katie-bar-the-door when we unveil this baby.”
The e-mail exchange, with the subject line “Gun Shows,” did not specifically mention Operation Fast and Furious.
Operation Fast and Furious was halted after Dec. 14, 2010 after two of the guns that a straw buyer had been allowed to purchase during the operation ended up at the murder scene of U.S. Border Patrol agent Brian Terry. Fast and Furious later became the subject of a congressional investigation, and an investigation by the Justice Department’s Office of Inspector General.
On Dec. 14, the same day of Terry's murder, Burke sent an email replying to an e-mail from Monty Wilkinson, Attorney General Holder's deputy chief of staff. In this email, Burke said his office had a large firearms trafficking case that he wanted to discuss. In a follow up e-mail the next day--Dec. 15, 2010--Burke alerted Wilkinson that Agent Terry had been murdered. Wilkinson responded, “Tragic, I’ve alerted the AG, the Acting DAG, Lisa, etc.”
The exchanges between Burke and Holder's deputy chief of staff at the time of Agent Terry's murder are reported in the report published by the committee Democrats.
"Several hours later on December 15, 2010, U.S. Attorney Burke learned that
Agent Terry had been murdered," says the Democratic report. "He alerted Mr. Wilkinson, who replied, 'Tragic,
I’ve alerted the AG, the Acting DAG, Lisa, etc.'"
"Later that same day, U.S. Attorney Burke learned that two firearms found at Agent Terry’s murder scene had been purchased by a suspect in Operation Fast and Furious," says the Democratic report. "He sent an email to Mr. Wilkinson forwarding this information and wrote: 'The guns found in the desert near the murder [sic] BP officer connect back to the investigation we were going to talk about—they were AK-47’s purchased at a
Phoenix gun store.' Mr. Wilkinson replied, 'I’ll call tomorrow.'
Despite this email from Wilkinson, Burke told the committee he did not recall actually having such a phone conversation, and the Department of Justice told the committee that Wilksonson does not recall making the call. Also Attorney General Holder himself testified that his deputy chief of staff never told him about the tie between the gun-trafficking investigation and Agent Terry's murder.
"In his interview with Committee staff, U.S. Attorney Burke stated that he did not recall having any subsequent conversation with Mr. Wilkinson that 'included the fact that Fast and Furious guns were found at the scene' of Agent Terry’s murder," the Democrat report said.
"In a November 2011 hearing of the Senate Judiciary Committee, Senator Charles Grassley asked Attorney General Holder, 'Did Mr. Wilkinson say anything to you about the connection between Agent Terry’s death and the ATF operation?'"
The Democratic report says: "Attorney General Holder responded, 'No, he did not.” In a January 27, 2011, letter to the Committee, the Department stated that Mr. Wilkinson 'does not recall a follow-up call with Burke or discussing this aspect of the matter with the Attorney
Brian Terry's murder caused an apparent change of plans for the Justice Department.
July 2nd, 2012
Earlier this year, Mitt Romney nearly landed in a politically perilous controversy when the Huffington Post reported that in 1999 the GOP 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 GOP primaries, as Romney tried to sell South Carolina Republicans 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.