Bain Capital entrusted with Ohio teachers retirement funds

The Ohio Education Association is squarely on board with Barack Obama.

They take the money that is legally and forcibly stolen from their members and donate it to the President and his party. They also strongly encourage said forced members to campaign for Obama.

Not content with that, they also engage in attacks on Mitt Romney and his previous experience with Bain Capital. Media Trackers recently exposed how the Columbus Education Association award winner for “Outstanding Member” routinely criticizes Romney on Twitter. Note the teacher-quality spelling and grammar in one example below.

The teachers union from Gahanna-Jefferson schools (my alma mater) posts frequent attacks on Romney on their webpage.

So it is with no small sense of satisfaction that I present this little piece of irony: The State Teachers Retirement System of Ohio has invested $767 million with Bain Capital. From Bizzyblog:

Look who parks their cash at Bain

Since 2000, Preqin reports, the following funds have entrusted some $1.56 billion to Bain (Capital):

* State Teachers Retirement System of Ohio ($767.3 million)

Preqin calls itself “The alternative assets industry’s leading source of data and intelligence.”

Well, they found data, but not a lot of intelligence among orgs which are so bent on vilifying a place where they’ve put so much money.

As Instapundit says: “Republicans should challenge these lefty groups to divest, or shut up.”

So should these organizations’ members.

So when you see teacher’s unions in Ohio and across America attack Romney as “greedy”, keep in mind that they are relying on the company he started and the people he hired to keep their retirement dollars safe.

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Author: Nick

I was born and raised in Ohio. After growing up in the Columbus area, I moved to Cleveland to study at Case Western Reserve University, and have lived in Northeast Ohio ever since. I live in Wellington with my wife and son. I work in the private sector and have never worked in the political field.

3 thoughts on “Bain Capital entrusted with Ohio teachers retirement funds”

  1. I am a teacher’s widow and get survivor benefits from STRS. 19 years now. Seen all the shenanigans. From them investing billions into Enron and WorldCom stock as it was going down the tubes to ex-prez Herb Dyer building a plush new office in Columbus and filling it with $800MILLION of art work. When the retirees had a shit fit, including me, they let poor Herb go with $750k. They did sell the art work, for how much I don’t know.

    Now because of all their foul ups they quit subsidizing my H/C premiums and I know pay a whopping $540 a month with a $1500 deductible.

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