2012

Mitt Romney Looted a Dying Company For Executive Bonuses While It Owed the Government Millions

John Cook · 08/30/12 11:30AM

Rolling Stone's Tim Dickinson has a devastating story gutting one of Mitt Romney's origin myths as a "Turnaround Guy." Romney has always taken credit for rescuing Bain & Co., the consulting firm where he got his start (as distinct from Bain Capital, the private equity operation he later co-founded) from the clutches of bankruptcy by dint of fearless resolve, hard work, and common sense. The truth: He raided its coffers for executive bonuses even as it owed millions to the federal government, and used the resulting lack of cash as leverage to screw over the company's creditors.

The Bain Files: Inside Mitt Romney's Tax-Dodging Cayman Schemes

John Cook · 08/23/12 11:00AM

Mitt Romney's $250 million fortune is largely a black hole: Aside from the meager and vague disclosures he has filed under federal and Massachusetts laws, and the two years of partial tax returns (one filed and another provisional) he has released, there is almost no data on precisely what his vast holdings consist of, or what vehicles he has used to escape taxes on his income. Gawker has obtained a massive cache of confidential financial documents that shed a great deal of light on those finances, and on the tax-dodging tricks available to the hyper-rich that he has used to keep his effective tax rate at roughly 13% over the last decade.

Barack Obama Outflanks Congress With Massive New Amnesty Program for Illegal Immigrants

John Cook · 06/15/12 09:45AM

Behold the first election-year bombshell: Barack Obama's White House will announce this morning that it will unilaterally begin granting work permits to as many as 800,000 illegal immigrants who arrived in the United States as children, graduated from high school, and stayed out of trouble with the law. He's essentially implemented the much-debated DREAM Act, only without the hassle of all that voting in Congress. He should have done this with health care!

Your 2012 Academy Awards Live Blog

Drew Magary · 02/26/12 08:15PM

Okay people, let's do this. I got a bottle of Sangiovese and ten of my bestest galpals with me, and I am prepared to dispense MAXIMUM BITCHINESS. Your host tonight is Billy Crystal, whom you almost certainly haven't seen since the LAST time he hosted the Oscars. Don't be shocked if he walks out onto the stage looking like Miracle Max, only covered in bad foundation makeup and without the hat. Your Best Picture nominees are as follows:

Did Newt Gingrich Out Brit Hume's Dead Gay Son?

John Cook · 01/18/12 01:00PM

Out of nowhere, the Miami Herald has dusted off and expanded upon one of Washington's oldest and juiciest political rumors: The one about a rising young beltway journalist and his gay affair with a powerful GOP congressman, and how the journalist shot himself in the head when his lover's political rival threatened to out them. According to the Herald, that rival may have been Newt Gingrich.

Everybody on C-SPAN Is Talking About Mitt Romney's Huge Penis

John Cook · 01/12/12 05:10PM

Yesterday we brought you a C-SPAN prank caller who asked New Hampshire Republican Party Chairman Wayne MacDonald whether Mitt Romney had a large penis (he does). Turns out it was not an isolated incident. Here is a compilation, via Mediaite, of C-SPAN callers—actually one caller, it sounds like—working in references to Mitt Romney's penis over the air. The last one is positively brilliant. Mitt Romney has a huge penis.

This Unkempt Boothead Is Terrorizing New Hampshire's Diners

Jim Newell · 01/09/12 02:31PM

The New Hampshire primary is supposed to be a civil, grassroots affair in which Granite Staters politely listen to a class of sophisticated presidential candidates discuss the important issues — trade, housing, etc. — and then pass on their choice of the most serious of the serious candidates for the nation to certify. There is no time for silliness; this is an affair of statesmanship. Also, there's this crazy guy who wears a boot on his head and shouts nonsense who shows up in Manchester every cycle.