If I see one more Bain thread...

[jetmonkey]

I'm going to vote for Romney out of spite. Seriously, you #######s; all the #### that is wrong with Mittens and THIS is what you obsess over?

 

[kwillia]

I'm going to vote for Romney out of spite. Seriously, you #######s; all the #### that is wrong with Mittens and THIS is what you obsess over?

Eggs actly.

 

[vraiblonde]

Since we're on the subject:

What exactly is the problem with Bain? My understanding is that they are a venture capital group that buys up failing businesses, turns them around, and sells them for a profit. What's wrong with that?

Or is this a case, like Koch Bros, that the Left grabs onto something and starts obsessing in hopes that their clueless moron followers won't understand but will grab their pitchforks anyway?

 

[Baja28]

I refuse to post in this thread because it's about Bain.

 

[kwillia]

Or is this a case, like Koch Bros, that the Left grabs onto something and starts obsessing in hopes that their clueless moron followers won't understand but will grab their pitchforks anyway?

Eggs Actly! Don't forget to add in the Prez stating, "If you have a successful business you didn't do it because you are smarter or work harder... it was done by others for you" spiel....

It's all being worked together to pass on the message that the ONLY reason we have successful people in this country is because they sit around and let others make them successful.

 

[SamSpade]

Since we're on the subject:

What exactly is the problem with Bain? My understanding is that they are a venture capital group that buys up failing businesses, turns them around, and sells them for a profit. What's wrong with that?

They don't even do THAT. They come into failing businesses (BTW - when they're asked - they're not corporate raiders) that they think can be salvaged, invest money in them and they reorganize them to make them profitable.

Sometimes, they produce Staples or Sports Authority - sometimes they work with Dunkin' Donuts or Burger King or Domino's. And sometimes, they're failures like KB Toys or GS Steel. Sometimes, departments are cut. They've had success stories where companies on the brink come back and hire even more people. Even GS Steel admits, if not for Bain, they'd have closed their doors a lot sooner.

In typical lefty fashion, they cherry-pick (or as one blogger termed, "lemon-pick") the cases for failures. This is akin to accusing doctors of murder because they lost some of their Stage 3 cancer patients. Remember, these companies are sick or dying when they arrive at Bain's door.

Here's a good list of companies - good and bad - that Bain has invested in -

Domino's Pizza | 30 companies Mitt Romney's Bain Capital invested in from 1986-1998 | Deseret News

 

[Lurk]

Eggs Actly! Don't forget to add in the Prez stating, "If you have a successful business you didn't do it because you are smarter or work harder... it was done by others for you" spiel....

It's all being worked together to pass on the message that the ONLY reason we have successful people in this country is because they sit around and let others make them successful.

If Obongo is correct, then those who blame Romney for Bain's sins haven't heard the rant that 'proves' Romney isn't responsible.

 

[Giantone]

Since we're on the subject:

What exactly is the problem with Bain? My understanding is that they are a venture capital group that buys up failing businesses, turns them around, and sells them for a profit. What's wrong with that?

Or is this a case, like Koch Bros, that the Left grabs onto something and starts obsessing in hopes that their clueless moron followers won't understand but will grab their pitchforks anyway?

Ahh no, they leverage the business's with debt and sell off the good parts of them taking millions for themselves leaving the rest to go bankrupt.Or they send the work to China or Mexico where labor is around a $1 dollar a day instead of the $10 dollar an hour jobs that were in the USA.

 

[BOP]

They don't even do THAT. They come into failing businesses (BTW - when they're asked - they're not corporate raiders) that they think can be salvaged, invest money in them and they reorganize them to make them profitable.

Sometimes, they produce Staples or Sports Authority - sometimes they work with Dunkin' Donuts or Burger King or Domino's. And sometimes, they're failures like KB Toys or GS Steel. Sometimes, departments are cut. They've had success stories where companies on the brink come back and hire even more people. Even GS Steel admits, if not for Bain, they'd have closed their doors a lot sooner.

In typical lefty fashion, they cherry-pick (or as one blogger termed, "lemon-pick") the cases for failures. This is akin to accusing doctors of murder because they lost some of their Stage 3 cancer patients. Remember, these companies are sick or dying when they arrive at Bain's door.

Here's a good list of companies - good and bad - that Bain has invested in -

Domino's Pizza | 30 companies Mitt Romney's Bain Capital invested in from 1986-1998 | Deseret News

Listen, fella, if you're going to insist on injecting actual verifiable FACTS into this discussion, then you can just take your happy azz somewheres else. There's just no need for that kind of talk when there's liberals about, trying to make a point.

 

[cwo_ghwebb]

Ahh no, they leverage the business's with debt and sell off the good parts of them taking millions for themselves leaving the rest to go bankrupt.Or they send the work to China or Mexico where labor is around a $1 dollar a day instead of the $10 dollar an hour jobs that were in the USA.

This column is from May of this year and educates the uninformed.

Like President Obama, Most people have no idea what a venture capitalist does. At the risk of dumbing it down for those who desperately need this, venture capitalists risk their money in the hopes of making more money. A venture is a risk. Capital is money. Sometimes these risks work. Sometimes they fail. Mr. Romney approached failing companies with the intent of turning them around. Sometimes he failed, but he succeeded more than he failed, and became wealthy through his successes.

The liberal myth is that Mitt Romney played the Danny Devito role of Larry the Liquidator. He took companies, stripped them dry, kept all of the money for himself, and destroyed everyone else. The left would have no idea how to explain how this actually works, but it sounds good. The problem with this "analysis" is that people and businesses have reputations. If this narrative of Mr. Romney as Conan the Financial Destroyer were accurate, potential clients would catch on after a few decades and stop doing business with him and Bain Capital. They are still in business precisely because their track record is quite good. Critics of Romney and Bain Capital know they dislike him and the firm, but cannot exactly articulate why.

Only the deals that occurred during the Romney tenure should matter. He had a 78% success rate, which is slightly better than the almost 0% success rate of the Obama environmental gambling spree.

So how did Governor Romney help create successful ventures? One way to turn around a business is to grow revenues. Yet what is also often needed is cutting costs. This involves firing people.

The nerve of Mitt Romney! How dare he have the gall to invest his own money in a business and then demand to have a say in how that business was being run!

If he were "sensitive," he could have been like Barack Obama. He could risk taxpayer funds instead of his own money, like Mr. Obama did with Solyndra. Solyndra and many other environmental gambles went bankrupt, and one thousand workers were fired. Yet Mr. Obama lost nothing. (Poster note: Obama lost nothing, but we and our children have to pay for his ignorant and unsuccessful investments.)

Mitt Romney and Bain Capital--What liberals still do not grasp | Washington Times Communities

 

[blazinlow89]

Not to mention the jobs that had created over seas for Obamas green religion.

 

[kwillia]

You're so Bain. You probably think this thread is about you. You're so Bain.

 

[Pushrod]

Ahh no, they leverage the business's with debt and sell off the good parts of them taking millions for themselves leaving the rest to go bankrupt.Or they send the work to China or Mexico where labor is around a $1 dollar a day instead of the $10 dollar an hour jobs that were in the USA.

My God, you really are clueless, or intentionally ignorant, or just a damn liar. You keep this up and you will actually force me to have to defend Mittens against your incessant bubbleheaded spiel!

 

[EmptyTimCup]

My God, you really are clueless, or intentionally ignorant,

Pushrod, take it easy on the basement dweller, MMfA / Huff Po / Du - tells him this is the way it is ........ GO is just progressive cannon fodder [knows nothing, does not think for itself, parrots what it has been spoon fed]