Rmoney- The Great Deformer

Discussion in 'Politics' started by Luddly Neddite, Oct 16, 2012.

  1. Luddly Neddite
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    Luddly Neddite Diamond Member

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    David Stockman: Mitt Romney and the Bain Drain - Newsweek and The Daily Beast

    His experience is in raising debt and that's what he will do if he's elected.

    There is simply no other way for him to spend the enormous amounts he says he wants to spend.
     
  2. Mr. Shaman
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    Mr. Shaman Senior Member

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    Stick a fork in him......

     
    Last edited: Oct 16, 2012
  3. OohPooPahDoo
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    OohPooPahDoo Gold Member

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    The world may indeed need greedy evil people like Mitt ROmney but that doesn't mean we have to make him President.
     
  4. Listening
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    Listening Gold Member

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    Could you morons please check the board before you double post an OP. There is one on this already.

    Pull forward Hackman's argument. He does a lot of speculating and makes up his own standards. Otherwise, GFY. This is meaningless.

    BTW: I don't think Romney wound up on the wrong end of an indictment like Hackman did.

    He's a real authority....on ruining a company.
     
  5. Amazed
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    Amazed BANNED

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    He went throguh Harvard Law and Business Schools concurrently.
    He has indeed created thousands of jobs and met payrolls.

    He is ten times more qualified than the Great Bamster.
     
  6. Mustang
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    Mustang Gold Member

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    I would also expect Romney to outsource America.
     
  7. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Based on what exactly?

    And considering Obama already is outsourcing America, how would it change anything if true?
     
  8. Mustang
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    Mustang Gold Member

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    Romney's primary function at Bain was NOT to build businesses and create jobs. It was to make money for the investors, regardless of the best methodology to accomplish that goal. His deals were essentially leveraged buyouts of existing firms. He often loaded them up with debt, and charged management fees while slashing jobs to cut costs. Bain was also known to engage in outsourcing.

    I find the management fees to be ironic since he and his management team usually knew relatively little about the particular businesses they were taking over, and it's usually a good idea to be well versed in the fine points of running a business. Management skill is rarely enough if you want to compete against other companies who truly know the ins and outs of their craft.

    But the point is that Romney is touting HIS experience, and HIS experience is in extracting value and profit from investments. It's not from building businesses and creating jobs.
     
  9. Luddly Neddite
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    Luddly Neddite Diamond Member

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    While Obama has said he wants a bill to reward businesses that come back to the US and/or hire US citizens.

    We'll never see R&R do that. RobMe has invested his money in other countries and has no reason to want to see American business do well. Just to opposite - he wants his own money to do well so will continue to invest in other countries.

    Have we ever before had a presidential candidate as openly corrupt as romney? The tax havens and hiding the truth about his taxes as well as hiding the foreign places where he hides his money... The Swiss bank accounts and the Cayman Island hiding places.

    The man is a crook and he openly flaunts it.

    If a Dem did this, the rw's would be all screaming for answers.

    He's running as a pub though, so its okay for him to be a crook.
     
  10. Luddly Neddite
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    Luddly Neddite Diamond Member

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    We've seen that mindset several times. He has let it slip that he would let the auto industry go belly up, losing millions of jobs across the country in addition to the thousands in the manufacturing end.

    He also said he wants people to lose their homes so the wealthy can buy them cheap and then rent them back to the owners.

    And then there's his 47% speech. Anyone who has not watched all of it - you really should. Its frightening to see how this crook really thinks and talks when he thinks he's among friends.
     
    Last edited: Oct 16, 2012

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