Romney2 - Romney investment in voting machines uncovered

Politics

Romney investment in voting machines uncovered

In the last debate Romney and Obama briefly sparred over their investment portfolios and the nefarious line items that may appear there—when Romney asked Obama if he was sure he didn’t have investments in Chinese firms, Obama dodged it by making a joke and saying his pension report sheet “isn’t as long” as Romney’s.

It was funny, but it also touched on a disturbing reality: When you get someone as rich as Romney their money becomes like a Russian nesting doll, with investments hidden under subsidiaries of private equity firms, offshore accounts and “blind” trusts. Keeping track of its influence—following the money, so to speak—can become nearly impossible.

But at least one Romney investment through-line has recently come to light that’s much more disturbing than investing in Chinese companies: investment in a voting machine company that will help determine the result of the presidential election.

You can read detailed accounts of the complexities at Forbes and The Nation, but the basic gist is this: after Romney’s primary loss to McCain in ’08 his son Tagg started a private equity firm called Solamere. Solamere has raised over $200 million in investment funds from Mitt himself and many of his peers, including H.I.G capital, which in turn owns Hart InterCivic, a voting machine company.

And not just any voting machine company. Hart InterCivic supplies machines for the critical swing state of Ohio. Not only that, a testing fiasco in 2007 found that the machines were highly faulty and susceptible to tampering and vote manipulation.

Aside from being tied to Hart InterCivic through the investment vehicle, H.I.G capital is the one of the Romney campaign’s biggest donors—11th largest.

By now Citizens United has become a household phrase and many are rightly outraged that we now allow unlimited anonymous private and corporate donations to political campaigns. But that a candidate for president is allowed to have direct investments with the voting machines that will be counting ballots should be totally flabbergasting. That the FEC allows this as a legal practice is completely incredible.

The intermingling of candidates and voting machines isn’t exactly brand new. Dick Cheney raised some eyebrows in 2004 when it came out that he had associative ties to voting machine company Diebold. But even then Cheney didn’t personally help start a private equity fund that was directly in bed with Diebold.

The Nation notes that Solamere’s prospectus touts “unique access” to other funds and investment vehicles. To the best of my knowledge, Romney’s investment also represents unprecedented access for a candidate to the actual voting mechanism.

Voter suppression? Who needs voter suppression when you own the friggin’ machine?

  1. October 22, 2012 at 4:55 pm, Patrice Esposito Case said:

    Talk about inapp

    Reply

  2. October 22, 2012 at 4:56 pm, Patrice Esposito Case said:

    Talk about inappropriate

    Reply

  3. October 22, 2012 at 5:18 pm, Michael Linnell said:

    LOL

    Reply

  4. October 22, 2012 at 5:19 pm, Michael Linnell said:

    New meaning to " I did that ".

    Reply

    • October 23, 2012 at 1:32 pm, Wayne Riddle said:

      And the point? Can we look at China's investment in the Obama administration (notice how both parties danced around China in the debate? They are are buddies).?

      Reply

    • October 23, 2012 at 4:13 pm, Michael Linnell said:

      Wayne seriously ? You do not have issues with anyone tampering with the your right to vote ?

      Reply

  5. October 22, 2012 at 5:21 pm, Dawn Meifert said:

    They will lie, cheat, steal for they know they cannot win on their policies.

    Reply

    • October 23, 2012 at 7:38 pm, Dawn Meifert said:

      The weekly standard is your source? That's funny.

      Reply

    • October 23, 2012 at 7:42 pm, Dawn Meifert said:

      Jamie Dyckes BTW, Solamere's denial is to be expected. The money trail tells the story all in itself. HIG Capital is the 11th largest donor to Romney's campaign and has given more than 200 million to Solamere for the investment in Hart.

      Reply

    • October 24, 2012 at 12:36 am, Jamie Dyckes said:

      Fair enough Dawn, if I were to say "Huffington Post…that's your source? That's funny?"….it would be the same thing but only from the other side…right? Chuck Todd from MSNBC (I think liberals like MSNBC) said this conspiracy claim is ridiculous and right up there with Birthers. Think Progress, a very liberal site, said the charge is ridiculous about this conspiracy. I guess people can think what they want, but this borders on the silly. A Forbes article this morning said the machines likely won't even be used at all in this election, or not in any state that is considered a battleground despite the claims in the blogosphere that they would be used in Colorado and Ohio. A ton of disinformation on both sides quite frankly. I can't wait until this election is over.

      Reply

    • October 24, 2012 at 12:38 am, Jamie Dyckes said:

      Dawn Meifert http://www.businessinsider.com/romney-investment-in-voting-machines-2012-10

      Reply

    • October 24, 2012 at 1:01 am, Jamie Dyckes said:

      Dawn Meifert Think Progress…. http://thinkprogress.org/election/2012/10/22/1059171/why-romney-isnt-rigging-the-voting-machines/

      Reply

    • October 24, 2012 at 1:35 am, Dawn Meifert said:

      Correct, he is not currently rigging the machines…that is not the point is it? How would we know if they did?

      Reply

    • October 24, 2012 at 1:54 am, Dawn Meifert said:

      BTW…if I do see something on msnbc that peaks my interest I turn to sites that are non-partisan like politifact, opensecrets, snopes…fact check. Stuff like that. I do not take a report on HuffPo a gospel.

      Reply

    • October 24, 2012 at 2:52 am, Jamie Dyckes said:

      It's quite a stretch to suggest he would rig the machines. Does he have anything in his background that suggests he would? Book of Mormon? :) Come on, if the shoe was on the other foot liberals would be screaming conspiracy that the GOP are a bunch of conspiracy nutjobs. You can't have it both ways in my opinion.

      Reply

  6. October 22, 2012 at 5:23 pm, Wesley Nicholas said:

    are we as a country ok with politicians investing in companies that make voting machines that are "highly faulty and susceptible to tampering and vote manipulation"?

    Reply

  7. October 22, 2012 at 7:49 pm, Ron Rezendes said:

    So, now Tagg can say "He built that!" when Daddy gets "elected".

    Reply

  8. October 22, 2012 at 9:22 pm, Ashley Thomsen said:

    Seriously, we need another "recount" debauchery!? People need to wake up and realize this is wrong.

    Reply

  9. October 23, 2012 at 1:04 am, Angel Evans said:

    OMG

    Reply

  10. October 23, 2012 at 11:17 am, Romney’s Kid and the Voting Machines « THE SCARECROW said:

    [...] Romney investment in voting machines uncovered (deathandtaxesmag.com) [...]

    Reply

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  12. October 31, 2012 at 8:44 pm, Kate Scott said:

    am hoping this info comes up on UP WITH CHRIS on w/e @ 8 am…….

    Reply

  13. October 31, 2012 at 8:50 pm, Kate Scott said:

    very scary to think republicans may win. at least this bunch!

    Reply

    • October 31, 2012 at 8:56 pm, David Ahearn said:

      scarier than any of the Halloween movies on TV tonight !

      Reply

  14. November 06, 2012 at 4:13 am, Theo Goolsby said:

    Oh..oh?!?

    Reply

  15. November 06, 2012 at 4:14 am, Theo Goolsby said:

    Oh..oh!?!

    Reply

  16. November 06, 2012 at 2:57 pm, Theo Goolsby said:

    I was having nightmares last night, I'm being serious!! :-0

    Reply

  17. November 06, 2012 at 10:02 pm, Kim Chambers Bagley said:

    Solamere spokesman says that is “totally wrong.”.

    “Not only does Solamere have no direct or indirect interest in this company [Hart Intercivic], Solamere and its partners have no ownership in this company, nor do they have any ownership in nor have made any investments in the fund that invested in the voting machine company,” the spokesman said.

    So while Solamere does partner with HIG on investments, none of those investments involve Hart Intercivic. HIG may be simultaneously managing investments with both companies, but the investments are kept separate, as required by law. Put simply, Tagg Romney is not an “investor in a voting machine company.”.

    Reply

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