Romney's Sneaky Business

courseofhistory · Oct 25, 2012

Former Bain Employee on Romney's Sneaky business (he says he was a great boss but he was not fair to the businesses and employees in his sights)

...But Bain and Co., the person recalls, pushed employees to find out secret revenue and sales data on its clients’ competitors. Romney, the person says, suggested “falsifying” who they were to get such information, by pretending to be a graduate student working on a proj*ect at Harvard. (The person, in fact, was a Harvard student, at Bain for the summer, but not working on any such proj*ects.) “Mitt said to me something like ‘We won’t ask you to lie. I am not going to tell you to do this, but [it is] a really good way to get the information.’ … I would not have had anything in my analysis if I had not pretended.

“It was a strange atmosphere. It did leave a bad taste in your mouth,” the former employee recalls.

This unsettling account suggests the young Romney—at that point only two years out of Harvard Business School—was willing to push into gray areas when it came to business. More than three dec*ades later, as he tried to nail down the Republican nomination for president of the United States, Romney’s gray areas were again an issue when he repeatedly resisted calls to release more details of his net worth, his tax returns, and the large investments and assets held by him and his wife, Ann. Finally the other Republican candidates forced him to do so, but only highly selective disclosures were forthcoming.
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LINK

The article also says because of his retirement agreement his interests in Bain are deeply entangled in his abitlity to still have some say in the business

Soggy in NOLA · Oct 25, 2012

Yaaaaaaawwwwwwwwwwwwwwwwwnnnnnnnn...................

courseofhistory · Oct 25, 2012

Romney says he can create jobs he knows how. Then in the 2nd debatge "government doesn't create jobs." So exactly how does he plan to do it? Use his BAIN vulture caplitalist experience of milikling companies for profit, having them go bankrupt and then shipping jobs overseas? He's a liar and a con man if you bother to read the article.

kaz · Oct 25, 2012

courseofhistory said: ↑

Former Bain Employee on Romney's Sneaky business (he says he was a great boss but he was not fair to the businesses and employees in his sights)
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Wow, the media found someone who used to work for Romney who said what they wanted to hear and they reported it. Man, that does it for me, I'm voting for Obama now. Thanks for sharing that insight.

blastoff · Oct 25, 2012

Busy day for communiques from Camp Barry today I see.

What's that saying about what desperate people do?

Wehrwolfen · Oct 25, 2012

Talk about sneaky, Is that like Allred's failed "October Surprise".

Mr. Shaman · Nov 15, 2012

kaz said: ↑

courseofhistory said: ↑

Former Bain Employee on Romney's Sneaky business (he says he was a great boss but he was not fair to the businesses and employees in his sights)
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Wow, the media found someone who used to work for Romney who said what they wanted to hear and they reported it. Man, that does it for me, I'm voting for Obama now. Thanks for sharing that insight.
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Wise CHOICE.

October 15, 2012

Mitt Romney: The Great Deformer
- David Stockman

"Bain Capital is a product of the Great Deformation. It has garnered fabulous winnings through leveraged speculation in financial markets that have been perverted and deformed by decades of money printing and Wall Street coddling by the Fed. So Bains billions of profits were not rewards for capitalist creation; they were mainly windfalls collected from gambling in markets that were rigged to rise.

Nevertheless, Mitt Romney claims that his essential qualification to be president is grounded in his 15 years as head of Bain Capital, from 1984 through early 1999. According to the campaigns narrative, it was then that he became immersed in the toils of business enterprise, learning along the way the true secrets of how to grow the economy and create jobs.

Except Mitt Romney was not a businessman; he was a master financial speculator who bought, sold, flipped, and stripped businesses. He did not build enterprises the old-fashioned wayout of inspiration, perspiration, and a long slog in the free market fostering a new product, service, or process of production. Instead, he spent his 15 years raising debt in prodigious amounts on Wall Street so that Bain could purchase the pots and pans and castoffs of corporate America, leverage them to the hilt, gussy them up as reborn roll-ups, and then deliver them back to Wall Street for resalethe faster the better."
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freedombecki · Nov 15, 2012

mr. Shaman said: ↑

kaz said: ↑

courseofhistory said: ↑

former bain employee on romney's sneaky business (he says he was a great boss but he was not fair to the businesses and employees in his sights)
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wow, the media found someone who used to work for romney who said what they wanted to hear and they reported it.
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mr. Shaman said: ↑

kaz said: ↑

man, that does it for me, i'm voting for obama now. Thanks for sharing that insight.
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wise choice.

october 15, 2012

mitt romney: The great deformer
- david stockman

" bain capital is a product of the great deformation. It has garnered fabulous winnings through leveraged speculation in financial markets that have been perverted and deformed by decades of money printing and wall street coddling by the fed. So bain’s billions of profits were not rewards for capitalist creation; they were mainly windfalls collected from gambling in markets that were rigged to rise.

Nevertheless, mitt romney claims that his essential qualification to be president is grounded in his 15 years as head of bain capital, from 1984 through early 1999. according to the campaign’s narrative, it was then that he became immersed in the toils of business enterprise, learning along the way the true secrets of how to grow the economy and create jobs.

Except mitt romney was not a businessman; he was a master financial speculator who bought, sold, flipped, and stripped businesses. he did not build enterprises the old-fashioned way—out of inspiration, perspiration, and a long slog in the free market fostering a new product, service, or process of production. Instead, he spent his 15 years raising debt in prodigious amounts on wall street so that bain could purchase the pots and pans and castoffs of corporate america, leverage them to the hilt, gussy them up as reborn “roll-ups,” and then deliver them back to wall street for resale—the faster the better."
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When businessmen make businesses profitable, they are able to hire more people at better salaries. It helps the economy.

Right now, we are $16 trillion into the largest national debt in history. The economy needs a lot of businesses making a lot of money to employ American workers.

The only way that can happen is to be certain the unemployment rate drops to a negligible number. It hasn't been that way since Bush held office and averaged 5.2% unemployment for 8 years. Obama's average unemployment rate for 3 years was 9.4%. That's because he issued one threat after another to American businesses about increasing their costs of business with higher taxes, higher medical costs (Affordable Care Act), more regulations, and more red tape. All that red tape requires hiring expensive accountants, lawyers, and consultants. A marginal business cannot afford those things and must lay off people to procure necessary protection FROM the Obama's decisions to force businesses into yokes even he might not be able to afford.

And Obama's spokesman tells Republicans he is NOT GOING TO BUDGE or cooperate with them in any way except to blame them for the fiscal cliff he created with all his regulations, higher taxes, impingement on free enterprises through both higher taxes and demands on them through a 2500+ white paper for every bill he passes against the assets of businesses and people who used to be able to afford to hire people in a friendlier business climate present under previous administrations.

Mr. Obama’s prescription for a turnaround? Going in the opposite direction from what he said in 2009 about higher taxes putting “businesses in a further hole,” Mr. Obama called on July 8 for higher income tax rates on households earning more than $250,000 a year and individuals earning $200,000 or more a year. Additionally, Obama’s proposed 2013 budget doubles the top tax rate on capital gains from 15 percent to 30 percent, increases the estate tax rate from 35 percent to 45 percent, and triples the top tax rate on dividends. Altogether, that’s a tax proposal that looks like it was designed to weaken investment and job creation.

On his proposed hike in income tax rates on the top two income brackets, Mr. Obama asserted that “97 percent of small business owners fall under the $250,000 threshold.” He got the “97 percent” number by including as “small business owners” the millions of people who have no employees and just might occasionally write a freelance article or sell something from the attic on eBay. A Treasury Department report on the 4.3 million small businesses that employed workers in 2007 showed that 1.2 million of them, or 28 percent, earned more than $200,000. Mr. Obama’s “97 percent,” in short, is a clear distortion of reality, just another shot at peddling an agenda that’s more about income redistribution than job creation.

Obama's Anti-jobs, Anti-business Tax Agenda
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Mr. Shaman · Nov 15, 2012

freedombecki said: ↑

Right now, we are $16 trillion into the largest national debt in history. The economy needs a lot of businesses making a lot of money to employ American workers.

The only way that can happen is to be certain the unemployment rate drops to a negligible number. It hasn't been that way since Bush held office and averaged 5.2% unemployment for 8 years.
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Gee.....maybe you should sign-on as a Bush biographer!!!

Don't forget this part:

January 13, 2008

"The recession-deniers were muzzled by a horrendous last two weeks of December, and the gloom-and-doomers are now out in force. Their key arguments:

* Plummeting housing will now drag down the rest of the economy.

*The "bad debt" problem is not just "sub-prime" folks who should never have have taken out mortgages in the first place. It includes credit card debt, "high quality" mortgages, car loans, and other leverage that have recently become a consumer way of life.

*Pressure on consumers is leading to a reduction in consumer spending (70% of economy), which, in turn, will lead to a reduction in spending by companies that sell stuff to consumers.

*The question now is not "will there be a recession?" but "how bad will it get?"

*The most optimistic forecasts in a NYT gloom-and-doom round-up are for three crappy quarters, regardless of what the Fed does. Less optimistic forecasts suggest that we are, well, screwed.

After blowing the last downturn, we've been worried this one since last summer. We also suspect that, given the importance of housing to the economy and debt to consumer spending, the recession will be deeper and more prolonged than people think."

"U.S. Economy Screwed"
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*

[ame=http://www.youtube.com/watch?v=1y04g6OPLnQ]Obama Dismantles Republican Caucus Part 1 of 7 - YouTube[/ame]

Check & MATE!!!!

Katzndogz · Nov 15, 2012

This is proof that Romney wouldn't ever be a democrat. He told people not to lie.

Romney is going to be the new Bush, and blamed for the coming obama depression.

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Romney's Sneaky Business

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