Romney privatized gains, socialized losses

[Ravi]

What’s clear from a review of the public record during his management of the private-equity firm Bain Capital from 1985 to 1999 is that Romney was fabulously successful in generating high returns for its investors. He did so, in large part, through heavy use of tax-deductible debt, usually to finance outsized dividends for the firm’s partners and investors. When some of the investments went bad, workers and creditors felt most of the pain. Romney privatized the gains and socialized the losses.

Romney

 

[uscitizen]

Businesses have don really well at externalizing costs in recent years.

 

[CrusaderFrank]

Wah wah wah Wahhhhhhhhhhhhhhhhhhhhhhhhh

Put Suicide Prevention on speed dial when Obummber loses 57 states in Novemner

 

[Moonglow]

How intelligent a retort.

 

[Mac1958]

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Too funny.

.

 

[Lakhota]

Kennedy's Unaired Romney Attack Ad of 1994 - YouTube

 

[Moonglow]

t

What’s clear from a review of the public record during his management of the private-equity firm Bain Capital from 1985 to 1999 is that Romney was fabulously successful in generating high returns for its investors. He did so, in large part, through heavy use of tax-deductible debt, usually to finance outsized dividends for the firm’s partners and investors. When some of the investments went bad, workers and creditors felt most of the pain. Romney privatized the gains and socialized the losses.

Romney

That is the name of the game. private sector makes the gambles, pockets the profit and lets the US taxpayers pay off the loss. but then the repubs on USMB, Think it is poor that pay no taxes as the real culprit in the downfall of the US.

 

[Oddball]

How'd that "privatized gains, socialized losses" thingy work for Solyndra ans Sun Power?

 

[Ravi]

How'd that "privatized gains, socialized losses" thingy work for Solyndra ans Sun Power?

Sweet, a deflection!

How far are you up Romney's butt?

 

[jillian]

What’s clear from a review of the public record during his management of the private-equity firm Bain Capital from 1985 to 1999 is that Romney was fabulously successful in generating high returns for its investors. He did so, in large part, through heavy use of tax-deductible debt, usually to finance outsized dividends for the firm’s partners and investors. When some of the investments went bad, workers and creditors felt most of the pain. Romney privatized the gains and socialized the losses.

Romney

Isn't that what rightwingwers alwaysmdo for corporations....while they're screaming for "free markets"

 

[Moonglow]

How'd that "privatized gains, socialized losses" thingy work for Solyndra ans Sun Power?

As well as Blackwater and Bush not losing 9 billion in cash in Iraq

 

[Ravi]

What’s clear from a review of the public record during his management of the private-equity firm Bain Capital from 1985 to 1999 is that Romney was fabulously successful in generating high returns for its investors. He did so, in large part, through heavy use of tax-deductible debt, usually to finance outsized dividends for the firm’s partners and investors. When some of the investments went bad, workers and creditors felt most of the pain. Romney privatized the gains and socialized the losses.

Romney

Isn't that what rightwingwers alwaysmdo for corporations....while they're screaming for "free markets"

Yes.

 

[EriktheRed]

How dare you fuckin' Liberal commies attack Capitalism™ like this! Don't you know personal responsibility is for other people, not "job creators"??

 

[rdean]

Wah wah wah Wahhhhhhhhhhhhhhhhhhhhhhhhh

Put Suicide Prevention on speed dial when Obummber loses 57 states in Novemner

You should cry. You sleep in a bag on the floor of your parents "double wide". There is no shame in that. But it's something everyone should know.

 

[dblack]

What’s clear from a review of the public record during his management of the private-equity firm Bain Capital from 1985 to 1999 is that Romney was fabulously successful in generating high returns for its investors. He did so, in large part, through heavy use of tax-deductible debt, usually to finance outsized dividends for the firm’s partners and investors. When some of the investments went bad, workers and creditors felt most of the pain. Romney privatized the gains and socialized the losses.

Romney

This has been the calling card of our government for quite some time. It won't stop until we stop voting for the same old same old.

 

[Contumacious]

When some of the investments went bad, workers and creditors felt most of the pain. Romney privatized the gains and socialized the losses.

Bullshit:

A recently released National Bureau of Economic Research paper authored by Steven J. Davis (University of Chicago), John C. Haltiwanger (University of Maryland), Ron S. Jarmin (U.S. Census Bureau), Josh Lerner (Harvard Business School) and Javier Miranda (U.S. Census Bureau) show that Romney's management is just what the Doctor ordered. It’s time for the private equity critics to stop talking and start reading.

The NBER study found that firms restructured by private equity suffered net job losses over five years only 1 percent greater than other comparable companies.

.

 

[EriktheRed]

When some of the investments went bad, workers and creditors felt most of the pain. Romney privatized the gains and socialized the losses.

Bullshit:

A recently released National Bureau of Economic Research paper authored by Steven J. Davis (University of Chicago), John C. Haltiwanger (University of Maryland), Ron S. Jarmin (U.S. Census Bureau), Josh Lerner (Harvard Business School) and Javier Miranda (U.S. Census Bureau) is just what the Doctor ordered. It’s time for the private equity critics to stop talking and start reading.

The NBER study found that firms restructured by private equity suffered net job losses over five years only 1 percent greater than other comparable companies.

.

Your logical fallacy is strawman

 

[Contumacious]

When some of the investments went bad, workers and creditors felt most of the pain. Romney privatized the gains and socialized the losses.

Bullshit:

A recently released National Bureau of Economic Research paper authored by Steven J. Davis (University of Chicago), John C. Haltiwanger (University of Maryland), Ron S. Jarmin (U.S. Census Bureau), Josh Lerner (Harvard Business School) and Javier Miranda (U.S. Census Bureau) is just what the Doctor ordered. It’s time for the private equity critics to stop talking and start reading.

The NBER study found that firms restructured by private equity suffered net job losses over five years only 1 percent greater than other comparable companies.

.

Your logical fallacy is strawman

Well Fucktard, identify the crux of your boyfriend's argument.

.

 

[Intense]

I'm thinking all of those Pension Funds need to give more back.

 

[Toddsterpatriot]

What’s clear from a review of the public record during his management of the private-equity firm Bain Capital from 1985 to 1999 is that Romney was fabulously successful in generating high returns for its investors. He did so, in large part, through heavy use of tax-deductible debt, usually to finance outsized dividends for the firm’s partners and investors. When some of the investments went bad, workers and creditors felt most of the pain. Romney privatized the gains and socialized the losses.

Romney

Gains increase tax liabilities, losses reduce them.
Let us know how the rest of Econ-101 goes for you......