Bill Clinton calls Romney's business career "STERLING"

Ad-Mitt mistakes: Romney's past is more a working class zero - NYPOST.com


* Bain in 1988 put $5 million down to buy Stage Stores, and in the mid-'90s took it public, collecting $100 million from stock offerings. Stage filed for bankruptcy in 2000.

* Bain in 1992 bought American Pad & Paper (AMPAD), investing $5 million, and collected $100 million from dividends. The business filed for bankruptcy in 2000.

* Bain in 1993 invested $60 million when buying GS Industries, and received $65 million from dividends. GS filed for bankruptcy in 2001.

* Bain in 1997 invested $46 million when buying Details, and made $93 million from stock offerings. The company filed for bankruptcy in 2003.

Romney's Bain invested 22 percent of the money it raised from 1987-95 in these five businesses, making a $578 million profit.

While I have not investigated all of Romney's Bain investments and there may be cases where he made money and improved businesses, there's little question he made a fortune from businesses he helped destroy.


Read more: http://www.nypost.com/p/news/business/ad_mitt_mistakes_jRmd2LHaPIb0bbNn1ZkgaJ#ixzz1wYp1qB5d

All of the business you listed are still in business today. Companies restructure, how many times have the airlines gone bankrupt?
 
Ad-Mitt mistakes: Romney's past is more a working class zero - NYPOST.com


* Bain in 1988 put $5 million down to buy Stage Stores, and in the mid-'90s took it public, collecting $100 million from stock offerings. Stage filed for bankruptcy in 2000.

* Bain in 1992 bought American Pad & Paper (AMPAD), investing $5 million, and collected $100 million from dividends. The business filed for bankruptcy in 2000.

* Bain in 1993 invested $60 million when buying GS Industries, and received $65 million from dividends. GS filed for bankruptcy in 2001.

* Bain in 1997 invested $46 million when buying Details, and made $93 million from stock offerings. The company filed for bankruptcy in 2003.

Romney's Bain invested 22 percent of the money it raised from 1987-95 in these five businesses, making a $578 million profit.

While I have not investigated all of Romney's Bain investments and there may be cases where he made money and improved businesses, there's little question he made a fortune from businesses he helped destroy.


Read more: Ad-Mitt mistakes: Romney's past is more a working class zero - NYPOST.com

All of the business you listed are still in business today. Companies restructure, how many times have the airlines gone bankrupt?
 
CaféAuLait;5380174 said:
Ad-Mitt mistakes: Romney's past is more a working class zero - NYPOST.com


* Bain in 1988 put $5 million down to buy Stage Stores, and in the mid-'90s took it public, collecting $100 million from stock offerings. Stage filed for bankruptcy in 2000.

* Bain in 1992 bought American Pad & Paper (AMPAD), investing $5 million, and collected $100 million from dividends. The business filed for bankruptcy in 2000.

* Bain in 1993 invested $60 million when buying GS Industries, and received $65 million from dividends. GS filed for bankruptcy in 2001.

* Bain in 1997 invested $46 million when buying Details, and made $93 million from stock offerings. The company filed for bankruptcy in 2003.

Romney's Bain invested 22 percent of the money it raised from 1987-95 in these five businesses, making a $578 million profit.

While I have not investigated all of Romney's Bain investments and there may be cases where he made money and improved businesses, there's little question he made a fortune from businesses he helped destroy.


Read more: Ad-Mitt mistakes: Romney's past is more a working class zero - NYPOST.com

All of the business you listed are still in business today. Companies restructure, how many times have the airlines gone bankrupt?

Beginning with EASTERN that was forced by UNIONS?
 
Clinton's from the Wall St. wing of the Democratic party, of course he'd say something like that.

Plus he's involved a lot of charity work so of course he's going to be nice to the Rich.
 

Forum List

Back
Top