Romney at Bain: Big gains, some busts

Discussion in 'Politics' started by Conservative, May 26, 2012.

  1. Conservative
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    Conservative Type 40

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    Romney at Bain: Big gains, some busts
    The Wall Street Journal

    Even an article from WSJ that slants negatively shows a lot of bright spots for Romney and Bain...

    Romney at Bain
    So, 78% made it at least 8 years after Bain took over. Pretty good.


    Look there... someone that says Bain tried to fix or build up, not rape or break up. How interesting.


    I'd take this guys opinion of Shitting Bulls any day :rofl:


    How much you want to bet partisan douchenozzles like Shitting Bull don't take this into account.


    Interesting. Bain stayed as long or longer than average in firms it bought. Doesn't sound like the actions of a company just there to rape and sell.


    Yeah, it was completely Romney's fault. Thee economy had nothing to do with it... :rolleyes:
     
  2. Pheonixops
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    Pheonixops Proud Liberal

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    I think that the whole Bain attack thing is stupid.
     
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  3. RightWingFerret
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    RightWingFerret BANNED

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    and what %%% of Obama's Solar Panel Companies have been succsessful and created thousands and thousands of jobs in the last 3 years?
     
  4. Truthseeker420
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    Truthseeker420 Gold Member

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    I agree, it's about as stupid as saying Bain exprience would make someone better at running an economy.
     
  5. Grampa Murked U
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    Grampa Murked U Diamond Member

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    Like any business you have ups and downs. Now the govt on the other hand.......mostly downs.
     
  6. Mr. H.
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    Mr. H. Diamond Member

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    There's the shit, and there's the bullshit.
    Conservatives know their shit, Liberals don't know shit- but eat up bullshit.

    But when it's all said and done, everybody's shit stinks.
     
  7. RightWingFerret
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    RightWingFerret BANNED

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    what did the liberals expect? 100% succsess? as if Obama has 100% succsess in the economic recovery?
     
  8. Grampa Murked U
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    Grampa Murked U Diamond Member

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    Obama has 100% success at wasting our taxes.
     
  9. RightWingFerret
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    Obama has 100% succsess at lying about everything. especially the end of the recession in 2009.
     
  10. frazzledgear
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    frazzledgear Senior Member

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    It isn't stupid -it is an anti-free market attack and reveals just how strongly Obama despises it. Leftists think even though government is often wrong and even though it provably wastes massive amounts of money - it is preferable to allowing that kind of power to exist in the free market even though money is provably used more effectively and efficiently than it ever is by government. THAT is how arrogant they are and that is how much they seek to entrench power in their own hands. Any shift in power to government can ONLY come by stripping it from we the people -unlike wealth, power is finite and for government to claim more power can only happen at our expense.

    Obama is attacking Bain's record -even though it has greater than a 70% success rate. Let's compare that to his own dismal record at trying to pick winners and losers and the fact he had less than a 20% success rate. Which is what happens when someone with zero experience in the real world thinks getting elected means he can do anyone's job better than those with a lifetime of doing it. But the biggest difference is -Romney was using HIS OWN MONEY FOR IT while Obama was using MINE!

    A lot of people don't understand exactly what Bain does -but that ad regarding GST is full of shit and that whiny SOB asshole claiming Bain was a vampire is lying through his teeth. Truly a misleading and despicable POS political ad.

    GST in Kansas City was going under, hadn't shown a profit in more than five years, the parent company which had lost hundreds of millions of dollars during that time was already making plans to close it up and sell it off for parts if they couldn't find a buyer for it. GST employed more than 4,500 until the 90s and in the last few years prior to Bain stepping in, GST had been forced to reduce its work force to just 750. IT WAS DYING. The entire US steel industry was struggling to compete with cheaper, foreign steel. The claim that GST was a SUCCESSFUL company before Bain stepped in is total bullshit -GST and its parent company Armco were losing hundreds of millions every year. Aside from the fact the US steel industry was struggling all over the country at that point, Bain looks for companies that are in trouble but not yet believed to be in fatal trouble, tries to turn them around and make them profitable -which then makes THEM money! The idea of pouring millions of their own dollars into a company that is being driven into bankruptcy is a pretty stupid business plan! (In fact, that sounds exactly like what Obama did with Solyndra which was already believed to be fatally failing! And was. What liberals don't get is if a company can't get private investment -it's because the experts have already decided it's a BAD INVESTMENT and far too risky for THEIR money! The notion that means taxpayers must be put on the hook for it at that point is so obscene I think people should be sent to prison for such a decision! Seriously. If a business can't attract private money, then DON'T USE MINE!)

    Bain Capital stepped in and gave GST another 7 years to try and turn things around -additional time its own parent company refused to give it, convinced that once divorced from the larger losses of its parent company Armco, it could turn around. The left is claiming Bain made all its investment back and then some but that is a lie. Bain poured more than $100,000,000 of their own money into it over the next seven years trying to make GST profitable and save it when its parent company had already washed its hands of it. Bain lost millions on GST by the time it finally went under but its employees got another 7 years of employment out of it they would not have had without Bain. I have three people in my extended family who worked at GST both in the union and in management and to a one they agree Bain gave them a fair shot but they were just never able to even come close to turning it around.
     
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