Romney at Bain: Big gains, some busts

[code1211]

AmPad filed bankruptcy in 2000. Bain divested AmPad in 1996.

After they were loaded up with debt.

AmPad was a paper based company. Paper based companies are in trouble right now world wide.

And "right now" is 12 years after you said they went bankrupt. SO what was your point? That 12 years ago more companies were using paper? Agreed. And they still use paper today. Amazing isn't it?

I don't know what your point is.

In a changing business climate, these things happen. I have worked for and with various companies that no longer exist. That's the way it is.

Is it your thesis that no company should ever change in any way?

 

[Seawytch]

Tony Soprano Explains Bain Capital

Exactly how does this apply to Staples?

and that's all you got, Staples. Great quality jobs there at Staples eh? What's the pay, $7-$8 an hour with no benefits? How's their retirement plan? Good pensions there at Staples?

You want to know why there is a shrinking middle class in this country? Companies like Bain.

 

[code1211]

Right now the government is actively campaigning against business and actively trying to terrorize anybody who is running a business or trying to turn a profit.

Where do you get opinions like this? Or do you have any actual evidence to support this claim?

Just curious because I don't see what ever it is you see.

The two most dazzling examples of this are Boeing that got sued by the Federal Government when it tried to create 2500 non-union jobs in South Carolina, a right to work state, and the shut down of Gibson guitars idling 450 non-union workers for importing Rosewood from India.

Neither of these rose from comp;aunts outside of government. Both were initiated by the biased and crony driven Department of Justice.

Do you see a common thread in these attacks? I'll give you a hint: Non-union.

Less dazzling, but on the same issue are the shut downs of about 1000 auto dealerships in the bail outs of the Chrysler and GM and the illegal topsy turvy bankruptcy that saved the UAW and screwed the Bod holders out of their investments.

When the government actively aborts the law to eliminate return on investment, investors take note and stop investing.

If you were unaware of these, it is because you are getting your news only from the Beureaus of Public Information.

 

[JoeB131]

What underhanded, devious device did Bain use to force the Sale of AmPad by Meade?

AmPad filed bankruptcy in 2000. Bain divested AmPad in 1996.

AmPad was a paper based company. Paper based companies are in trouble right now world wide.

There's this thingy called the the whole world inter web or something like that... You can probably Gargle it.

Most companies are trying to go paperless. Any company that makes paper designed to go into envelopes, envelopes or devices to handle mail are in trouble. Check you portfolios, kids. Don't buy these stocks at home.

I was in the corrugated industry from 2002 to 2008. I know the sleaze of the paper industry better than you do. If you really think the imaginary "paperless office" is going to hurt the paper industry, which is selling paper at record high levels right now, you are delusion. Most paper consumed is used for packaging, and there's a world wide demand for it.

Actually, Bain was still vested in AmPad when it filed for bankruptcy, and they paid themselves millions in "management fees" when the company was floundering. They made a crapload of money. Everyone else got burned on the deal. And we are going to hear a lot from those folks in the next six months.

If you all thought "Swiftboating" was bad, wait till you see "Baining".

 

[bripat9643]

I think that the whole Bain attack thing is stupid.

It's really an attack on capitalism. Obama is a Marxist, and so is most of the Democrat party.

 

[JoeB131]

[
The two most dazzling examples of this are Boeing that got sued by the Federal Government when it tried to create 2500 non-union jobs in South Carolina, a right to work state, and the shut down of Gibson guitars idling 450 non-union workers for importing Rosewood from India.

Neither of these rose from comp;aunts outside of government. Both were initiated by the biased and crony driven Department of Justice.

Do you see a common thread in these attacks? I'll give you a hint: Non-union.

Less dazzling, but on the same issue are the shut downs of about 1000 auto dealerships in the bail outs of the Chrysler and GM and the illegal topsy turvy bankruptcy that saved the UAW and screwed the Bod holders out of their investments.

When the government actively aborts the law to eliminate return on investment, investors take note and stop investing.

If you were unaware of these, it is because you are getting your news only from the Beureaus of Public Information.

Or we just dont' take the Limbaugh whining about these.

Let's review, shall we.

Boeing gets a crapload of money from the Federal Government. Once you sup with the devil, no spoon is long enough. The reason why teh government could crack down on Boeing is because they sold out a long time ago. So there's an argument fail.

Gibson. Sorry, this was the second offense on the importing of wood from restricted regions.

For the Auto Bailout. Yeah, actually saving the industry was a bit more important than making sure the guys who bet on GM to fail got their payout... If all bankruptcies were managed that way, you'd have a lot less shennanigans on Wall Street.

 

[bripat9643]

what did the liberals expect? 100% succsess? as if Obama has 100% succsess in the economic recovery?

Of course they expect 100% success. You see, if a single business lays off a single person, then capitalism is a failure, but if the government flushes $15 trillion down the toilet, then we need to send more money to the government.

 

[code1211]

The result is that all businesses have individually decided to stop investing and so 3 trillion dollars are just sitting there not being invested. There was not some meeting in which all the business owners decided to be too afraid to spend their cash.

And you don't seem to think that the lack of demand for goods and services has ANYTHING to do with the lack of business expansion.

You do know that we are in or have been in a recession?? And during recessions people don't spend as much of their income on things because that don't have as much income to spend.

And you contend that if the banks with their billions would just start lending that the economy would magically improve? You know that the banks did have an easy money period just a few years ago.
Look what that brought us. The housing collapse. I think the banks are sitting on cash because no one is asking to borrow money to expand their business because the business DOESN'T HAVE ENOUGH CUSTOMER DEMAND.

When the "banks" were lending freely, it was actually mortgage originators who were doing the work of the Government which wanted to extend mortgages to those who could not afford to get them.

This was called Sup Prime Lending. "Sub Prime" refers to the borrowers, not the lenders or to the loans. By lending money to those who could not repay them, the problem developed and that is the cause of the problem, not the banks.

If a bank refused to lend to someone who they knew could not repay the debt, they were sued by the Federal Government, usually on the basis of discrimination.

That said, investments are made when there is a reasonable expectation of realizing a Return on Investment. (ROI) No ROI means bankruptcy and no responsible business owner is going to make an investment and erode his capital when the chance of turning a profit is low.

Right now, government policy is such that the chance is low. That is why investment is not being made.

Like it or not, the USA leads the World Community. Right now we are leading the world into ruin.

November can't get here quick enough.

 

[bripat9643]

Bain lost $100 million on CST, moron. Your claims are blatant lies.

How many would have "made it" if they hadn't been there? We don't know.

What happens when Bain takes over was explained by Planet Money a few weeks ago. Basically they instantly take on more debt to pay themselves back for buying controlling interest and then attempt to rehab the company.

What of course isn't understood or, much less, admitted is that the situation for Bain is always "heads they win, tails they don't lose". I would imagine most venture capitalists worth that way.

If you were to look into the Duncan Donuts balance sheet you would see what Bain Does. I hope they "make it" but their debt looks insurmountable. Maybe not. They did start selling their coffee in super markets which was a good move. This may be a Bain save.

 

[code1211]

Tony Soprano Explains Bain Capital

Exactly how does this apply to Staples?

and that's all you got, Staples. Great quality jobs there at Staples eh? What's the pay, $7-$8 an hour with no benefits? How's their retirement plan? Good pensions there at Staples?

You want to know why there is a shrinking middle class in this country? Companies like Bain.

Not to burst your bubble, but managers at Staples make a pretty good living.

Staples Sales Manager Salary | Glassdoor

 

[bripat9643]

Making money is different than creating jobs. Did that have to be explained? You guys talk like Bain is going around looking for companies to save. You know, if you guys believed in education, it might help. If it "took" that is.

It's hard for the Conservative Brain.

Profit != Public good.

Actually, that's true. How do you think this country would look if corporations never made a profit?

 

[code1211]

What underhanded, devious device did Bain use to force the Sale of AmPad by Meade?

AmPad filed bankruptcy in 2000. Bain divested AmPad in 1996.

AmPad was a paper based company. Paper based companies are in trouble right now world wide.

There's this thingy called the the whole world inter web or something like that... You can probably Gargle it.

Most companies are trying to go paperless. Any company that makes paper designed to go into envelopes, envelopes or devices to handle mail are in trouble. Check you portfolios, kids. Don't buy these stocks at home.

I was in the corrugated industry from 2002 to 2008. I know the sleaze of the paper industry better than you do. If you really think the imaginary "paperless office" is going to hurt the paper industry, which is selling paper at record high levels right now, you are delusion. Most paper consumed is used for packaging, and there's a world wide demand for it.

Actually, Bain was still vested in AmPad when it filed for bankruptcy, and they paid themselves millions in "management fees" when the company was floundering. They made a crapload of money. Everyone else got burned on the deal. And we are going to hear a lot from those folks in the next six months.

If you all thought "Swiftboating" was bad, wait till you see "Baining".

What was the nature of the paper products produced by AmPad and why did AmPad originally sell to Bain?

 

[bripat9643]

Profit is good for the super rich. For the middle class? Not so much.

Have you ever worked for a company that wasn't making a profit? Well, probably not since you're a parasite who's been sucking on the government tit your entire life. But ask anyone who's worked at a company that is losing money if they think making a profit is a good thing.

Liberals are all such incredible morons.

 

[Seawytch]

AmPad filed bankruptcy in 2000. Bain divested AmPad in 1996.

After they were loaded up with debt.

AmPad was a paper based company. Paper based companies are in trouble right now world wide.

And "right now" is 12 years after you said they went bankrupt. SO what was your point? That 12 years ago more companies were using paper? Agreed. And they still use paper today. Amazing isn't it?

I don't know what your point is.

In a changing business climate, these things happen. I have worked for and with various companies that no longer exist. That's the way it is.

Is it your thesis that no company should ever change in any way?

They happen a lot faster when Bain takes over. Bain didn't try to save the company or save the jobs...that isn't what they are in business for. They are in business to make money for their investors.

But, hey, it's business. It's what it is. It's not illegal.

The point, however, is that Romney touting his business acumen (which makes Bain "Fair Game"), has ZERO to do with running a county. They are in no way, shape or form, similar. Romney can't sell off parts of a state to leverage the buyout of another.

And why is the good Governor only talking about his time at Bain since business and government are so dissimilar? Why wouldn't he be talking about his record as a Governor, his ACTUAL experience when it comes to governing a country?

Gee, I wonder...

 

[bripat9643]

Profit is good when there is fair equity among those responsible for it.

But conservatives do not believe in that. Pirates were better at splitting profits then most conservatives.

What the hell is "fair equity?" The people responsible for profit are the people who own and manage the company. Most of the employees are simply brute labor who do repetitive tasks that a chimpanzee could do.

 

[code1211]

[
The two most dazzling examples of this are Boeing that got sued by the Federal Government when it tried to create 2500 non-union jobs in South Carolina, a right to work state, and the shut down of Gibson guitars idling 450 non-union workers for importing Rosewood from India.

Neither of these rose from comp;aunts outside of government. Both were initiated by the biased and crony driven Department of Justice.

Do you see a common thread in these attacks? I'll give you a hint: Non-union.

Less dazzling, but on the same issue are the shut downs of about 1000 auto dealerships in the bail outs of the Chrysler and GM and the illegal topsy turvy bankruptcy that saved the UAW and screwed the Bod holders out of their investments.

When the government actively aborts the law to eliminate return on investment, investors take note and stop investing.

If you were unaware of these, it is because you are getting your news only from the Beureaus of Public Information.

Or we just dont' take the Limbaugh whining about these.

Let's review, shall we.

Boeing gets a crapload of money from the Federal Government. Once you sup with the devil, no spoon is long enough. The reason why teh government could crack down on Boeing is because they sold out a long time ago. So there's an argument fail.

Gibson. Sorry, this was the second offense on the importing of wood from restricted regions.

For the Auto Bailout. Yeah, actually saving the industry was a bit more important than making sure the guys who bet on GM to fail got their payout... If all bankruptcies were managed that way, you'd have a lot less shennanigans on Wall Street.

Boeing wanted to open a factory and hire 2500 non-union employees and that is what got attacked.

Gibson imported all of the Rosewood in a perfectly legal manner and paid all of the tariffs and taxes as required and follow dthe government guidelines. They were shut down because American workers were finishing the Rosewood instead of indian workers, but the indian government did not file a complaint on this nor did they care.

The bail out was approved based on the notion that nobody would buy a car from a company in bankruptcy. The bankruptcy was rigged to maintain the Union which would have been without standing after a bankruptcy. The Bond Holders who had made an investment and the Dealership owners who had made an investment were screwed in violation of the normal and usual laws regarding this.

The topic is why is nobody investing and the answer is that Obama and his gang of thugs attack anybody who invests.

 

[bripat9643]

This is gonna screw up your conservative brain.

But it was private companies that called in government to protect them from people that were organizing unions.

You mean they called in the government to protect them from thugs who were trespassing on their property and assaulting their employees?

Isn't that what government is supposed to do?

 

[zeke]

The two most dazzling examples of this are Boeing that got sued by the Federal Government when it tried to create 2500 non-union jobs in South Carolina, a right to work state, and the shut down of Gibson guitars idling 450 non-union workers for importing Rosewood from India.

This is all you've got?

First, Gibson Guitars (which I have and love) knew they were playing with fire when the head of Gibson decided he didn't like Obama. So he kind of manufactured the "crisis". BTW, things are all better now and Gibson continues to make fine instrument. In a "sustainable" way. Which is exactly what the guitar compaies of the world want. Reasonable harvest standards for high quality tone woods.

Boeing is a different issue. I don't think it was quite the "attack" on business that you seem to believe it was. One thing for sure. Boeing has no problem taking guvmint money whenever they can. And wasn't Boeing just trying to bust the Aerospace and Machinist Union? I would much rather fly on a plane Boeing built with labor that gets paid minimum wage (or a little better) than to have a union aerospace worker that has been on the job for 20 years and wants his job to go on till he retires. And because the union man/woman makes a living wage, they are much more likely to want to deliver a high quality product. Because most union people take great pride in their work. Minimum wage workers, not so much.

 

[bripat9643]

Like any business you have ups and downs. Now the govt on the other hand.......mostly downs.

and thank you for pointing out the disease that now infects the Republican Party.

Gummit is bad. Gummit is always bad. Even when it does exactly what it was set up to do, we'll compalin because it's the Gummit.

Government was setup to protect you from predators, foreign and domestic. That's all it was setup to do. Anything else it does is a violation of your rights. Government has become the main predator of the American people.

 

[code1211]

After they were loaded up with debt.



And "right now" is 12 years after you said they went bankrupt. SO what was your point? That 12 years ago more companies were using paper? Agreed. And they still use paper today. Amazing isn't it?

I don't know what your point is.

In a changing business climate, these things happen. I have worked for and with various companies that no longer exist. That's the way it is.

Is it your thesis that no company should ever change in any way?

They happen a lot faster when Bain takes over. Bain didn't try to save the company or save the jobs...that isn't what they are in business for. They are in business to make money for their investors.

But, hey, it's business. It's what it is. It's not illegal.

The point, however, is that Romney touting his business acumen (which makes Bain "Fair Game"), has ZERO to do with running a county. They are in no way, shape or form, similar. Romney can't sell off parts of a state to leverage the buyout of another.

And why is the good Governor only talking about his time at Bain since business and government are so dissimilar? Why wouldn't he be talking about his record as a Governor, his ACTUAL experience when it comes to governing a country?

Gee, I wonder...

Romney ran Bain. Did Bain show a profit or a loss while Romney was in charge?