Bain was a parasite, not a vital organ
Parasites don't save the host, dumb ass. Stop being such a Mormon. If you want to see a parasite, look in the mirror...
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Bain was a parasite, not a vital organ
Dated: Friday 10 August 2012 11.15 EDT
Romney hasn't been at Bain for how long now?
Nothing to see here.
True, there is nothing to be seen in anything you post. But I digress.
It does not take a spin to see that Bain Capital is the same Bain Capital it was during Romney's participation [if Romney remains a recipient - even if he only takes a cut of their profits - one can't argue he is not continuing to participate].
Dated: Friday 10 August 2012 11.15 EDT
Romney hasn't been at Bain for how long now?
Nothing to see here.
True, there is nothing to be seen in anything you post. But I digress.
It does not take a spin to see that Bain Capital is the same Bain Capital it was during Romney's participation [if Romney remains a recipient - even if he only takes a cut of their profits - one can't argue he is not continuing to participate].
Corporate raiders are good for the economy, so his supporting that is a badge of honor.
I like though how it's fine to be a lifetime government hack leading the government, no conflict there. But capitalists have to renounce capitalism. That's a conflict.
He''s the guy who worked at GS Steel until Romney and his vultures at Bain ran the place into the ground. He lost his pension and his insurance and his wife died of cancer.
But they're only the "little people", they don't fucking count in your universe.
They do in mine.
But I've really come to expect that kind of shit from Mormons, who see the universe divided between "Saints" and "Gentiles"...
What a freakin' liar!! His wife had her own insurance, the freaking plant closed in 2001 and she died in 2006. But hey, don't let the facts get in the way of those wonderful Illinois taxes. Why would anyone want to live in a Hell Hole like Chicago and pay those ridiculous taxes. Oh I know, government assistance is a way of life. Businesses are packing up and leaving to neighboring states. Smart move those Illinois politicians made.
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Okay, whatever you say... Deliverance Country.
His wife had inadequate insurance from a part time company, but she lost that job because she couldnt' work. The shere stupidity of linking health care to work. (You only get to live as long as someone can make money off of you.)
She'd have faired a lot better if they still had her husband's good insurance.
This is a sensitive issue to me, because in 2007, I ran up a lot of medical bills, and in 2008, I was let go despite outstanding performance reviews and having seniority on others.
I know a lot of Joe Soptics, unfortunately. Just average working people trying to get by when the Bain's of teh world are running roughshod over their lives.
Bain was a parasite, not a vital organ
Parasites don't save the host, dumb ass. Stop being such a Mormon. If you want to see a parasite, look in the mirror...
You know what?? You better stay put in mega tax land, it's jerks like you we love to hear squeal!! The sheer (note spelling) stupidity of your way of thinking makes us Georgia folks glad you live in another dimension.
Poor, poor Joey always the victim!!
Because corporate raiders only go after companies who have significant amounts of underperforming assets. If the company can be saved, they streamline it and sell off the waste. It makes the company more efficient and saves the remaining jobs. The company left then makes the market they are in more competitive. There is no profit in doing that to a healthy company who ... by definition ... are already utilizing their assets.Explain how corporate raiding is good for the economy
BTW, many of those you suggest are renouncing capitalism are simply trying to save capitalism from capitalists (Romeny and other plutocrats).
What does this have to do with Romney????
Believe in America,
Invest in China.
If you're working somewhere and find out that Bain bought your company; you're next move should be to brush up on the resume. This is what they do if it makes economic sense to do so; jobs, tradition, the community etc... be damned.
I would hope that the resume was already done. Bain doesn't buy strong companies, only the ones that are destined to fail if no intervention is at hand.
Bain takes huge amounts in tax breaks and subsidies from the government, and they still end up destroying jobs.
You know what?? You better stay put in mega tax land, it's jerks like you we love to hear squeal!! The sheer (note spelling) stupidity of your way of thinking makes us Georgia folks glad you live in another dimension.
Poor, poor Joey always the victim!!
Yup, because you live on your big estate with the swimming pool... just like the Clampetts...
'I'm sick to my stomach': anger builds in Illinois at Bain's latest outsourcing plan | Business | guardian.co.uk
Shipping jobs to China....The Dollar Rules Again!
Setting Romney aside from Bain, being he hasn't been there in several years. Has anyone looked to see how successful this company was operating?
here's a quick backgrounder: Late last year, a Bain-owned company called Sensata Technologies (ST) agreed to buy an auto-sensor manufacturing unit from Honeywell (HON). From the outset, Sensata said that it planned to move the jobs overseas at year-end 2012, since the majority of its auto-sensor business is in Asia. In fact, Sensdata didn't even buy the manufacturing facility from Honeywell. It leased it, with Honeywell expected to hang a for-sale sign when Sensata moves out in a few months.
To be sure, this is a horrible situation for the Sensata employees the vast majority of whom have not yet found other employment (Honeywell hired just a small number of folks to work in its other Freeport facilities). After all, Sensata has never suggested that the plant was unprofitable. It simply thinks the effort would be more profitable elsewhere.
Unfortunately, the workers are barking up the wrong tree with Romney.
Remember, this is the guy whose campaign got into a well-publicized scuffle over whether he really stopped making decisions for Bain Capital in 1999 or 2002 (for the record, it was 1999). How could he possibly open himself up to legitimate charges of influencing Bain's behavior in 2012? Even if one argues it's the right thing to do for the workers, it's not the politically feasible thing to do (and, if anything, Romney tries to be a pragmatist in such matters).
Moreover, there is little guarantee that a Romney plea would even save the jobs. Yes, he has friends and former colleagues on the Sensata board, including chairman Paul Edgerley. But they have fiduciary responsibilities to their own investors, and Sensata has made it clear that the best financial move is to shutter Freeport. In addition, Bain could have future fundraising trouble if Romney is elected president. After all, who wants to invest in a private equity firm that seems to make decisions based on a politician's best interests?
What the Sensata workers really should spend their time on is pressuring state pension funds that invest with Bain (or which will be asked to invest on Bain's new fund later this year). Make a broader economic case about how keeping 170 Freeporters employed is better for the state -- and, by extension, its public pensioners -- than is making a few extra dollars on Sensata.
Why Romney can't save the Sensata workers - The Term Sheet: Fortune's deals blog Term Sheet
'I'm sick to my stomach': anger builds in Illinois at Bain's latest outsourcing plan | Business | guardian.co.uk
Shipping jobs to China....The Dollar Rules Again!
Bain takes huge amounts in tax breaks and subsidies from the government, and they still end up destroying jobs.
Riddle me this, Mormon Man. How do you make money by eliminating a job that ... makes money?
Now that's a good question. How do you do that?
Well, first, you borrow a bunch of money against that companies assets. Then you pay yourself a HUGE bonus, management fees, dividends, and so on.
In turn, the company itself is responsible for making the payments on those loans, not the guys who took it out to buy it.
Now that's a good question. How do you do that?
Well, first, you borrow a bunch of money against that companies assets. Then you pay yourself a HUGE bonus, management fees, dividends, and so on.
In turn, the company itself is responsible for making the payments on those loans, not the guys who took it out to buy it.
No lender would allow you to do that, they would have debt covenants preventing it. You have no clue at all what you're talking about.
Now that's a good question. How do you do that?
Well, first, you borrow a bunch of money against that companies assets. Then you pay yourself a HUGE bonus, management fees, dividends, and so on.
In turn, the company itself is responsible for making the payments on those loans, not the guys who took it out to buy it.
No lender would allow you to do that, they would have debt covenants preventing it. You have no clue at all what you're talking about.
But they do that all the time... and that's exactly what happened at GS Steel.
Again, banking is risk. They knew that when they loaned the money, if there was a bankruptcy, they'd get to sell the assets. It's GS STeel that went bankrupt, Bain was just a facilitator.
Kind of like no one comes back and talks to your realtor for his commission when they foreclose on your house.
Because corporate raiders only go after companies who have significant amounts of underperforming assets. If the company can be saved, they streamline it and sell off the waste. It makes the company more efficient and saves the remaining jobs. The company left then makes the market they are in more competitive. There is no profit in doing that to a healthy company who ... by definition ... are already utilizing their assets.Explain how corporate raiding is good for the economy
It's like lions stalking a herd of wildebeests, they don't go after the healthy young males, they go after the sicker, slower ones. And that in turn helps the herd as the laggards don't slow it down so much. In all this discussion you never got that?
BTW, many of those you suggest are renouncing capitalism are simply trying to save capitalism from capitalists (Romeny and other plutocrats).
You're a moron
'I'm sick to my stomach': anger builds in Illinois at Bain's latest outsourcing plan | Business | guardian.co.uk
Shipping jobs to China....The Dollar Rules Again!