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Monday, October 22, 2012

Mitt Romney, Abortion Profiteer

Republicans and pro-lifers who desperately want to believe a leopard can change its spots are shocked that for the first-time in American political history a Republican presidential campaign has run a pro-abortion political ad (targeted to "undecided" voters in Virginia).  Perhaps they should look not to this week's rhetoric, but to their candidate's long history of pro-abortion rhetoric, his record, and where he has invested and made his money.  In addition to being one of America's most notorious political whores, their candidate is an abortion profiteer who made millions through human "waste disposal."



Some facts are not in dispute. Among them: Stericycle is a $1.2 billion company that performs a vital service. It is the largest medical waste disposal company in the country. Among its customers are some of the nation's top healthcare providers. But it has other, less reputable clients, including Planned Parenthood, the largest abortion provider in the country. 

Also not in dispute: Bain Capital, a company founded by GOP presidential nominee Mitt Romney, was a significant investor in the company. According to a Securities and Exchange Commission (SEC) filing in November 1999, a group that included Bain invested $75 million in Stericycle. This investment gave Bain 23 percent ownership of the company's stock, making it the largest shareholder. In 2001, the investment group sold 40 percent of its stake in Stericycle for about $88 million. Bain and its partners sold the rest of its holdings in 2004, with total profits exceeding $45 million. 

Read the rest of this entry at World Magazine >>


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