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Stephen Colbert skewers Romney with the truth about Bain.
The Colbert Report ^ | June 8, 2011

Posted on 06/10/2011 7:12:18 AM PDT by greyfoxx39

I don't watch Colbert but in surfing around last night, I caught this report on Romney and how his sleazey business practices ripped off shareholders and put people out of work while he made a half-billion dollars.

The report jibes with what I have seen reported at other sources during the '08 campaign.


TOPICS: Chit/Chat; Miscellaneous
KEYWORDS: loser; ripoff; romney

1 posted on 06/10/2011 7:12:22 AM PDT by greyfoxx39
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To: greyfoxx39

Sheesh. Consider the leftist agenda and source.


2 posted on 06/10/2011 7:13:29 AM PDT by JaneNC (I)
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To: JaneNC

Better for it to come out now, before he’s the nominee.


3 posted on 06/10/2011 7:14:29 AM PDT by dfwgator
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To: greyfoxx39

I too have heard this reported about Romney. As I sift thru the list of candidates it gets more and more difficult as to whom I would back. Right now of those running I prefer Herman Cain first.


4 posted on 06/10/2011 7:19:16 AM PDT by ohiogrammy (12)
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To: greyfoxx39

CAIN/WEST 2012


5 posted on 06/10/2011 7:24:23 AM PDT by NordP (Common Sense ConservaTEAves - Love of Country, Less Govt, Stop Spending, No Govt Run Health Care!!!)
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To: ohiogrammy

I am not concerned about who to back right now...my list is who I will not back under any circumstances....it is just about all who have announced up til now...much easier that way


6 posted on 06/10/2011 7:25:03 AM PDT by joe fonebone (Project Gunwalker, this will make watergate look like the warm up band......)
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To: greyfoxx39

Obviously, I’m not a fan of Mitt Romney but I take these reports with a grain of salt. Critics can take legitimate business activities and distort them to look unethical. Something tells me that Mr. Colbert will be pretty selective in his moral outrage and not be so harsh on the business practices of George Soros.


7 posted on 06/10/2011 7:31:44 AM PDT by CommerceComet (Governor Romney, why would any conservative vote for the author of the beta version of ObamaCare?)
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To: greyfoxx39

I had forgotten about the Romney-Bain Capital connection. Thanks for the hilarious reminder!


8 posted on 06/10/2011 7:33:20 AM PDT by Alex Murphy (Posting news feeds, making eyes bleed: he's hated on seven continents)
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To: greyfoxx39

Capitalists are the enemy!! Defeat Capitalism!


9 posted on 06/10/2011 7:34:28 AM PDT by babble-on
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To: JaneNC; EternalVigilance
Sheesh. Consider the leftist agenda and source.

Even a blind squirrel sometimes finds an acorn.

Did you watch the video? I have seen reports of this from other sources.

10 posted on 06/10/2011 7:47:10 AM PDT by greyfoxx39 (My God can't be bribed by money or good works. Romney's can.)
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To: CommerceComet

Romney’s business at Bain is a problem.

He was in the levereged buyout business (in fact he helped originate it).

Do you remember how people started complaining in the 1980s that businesses had suddenly become too focused on the short term rather than the long term? That was a direct result of the emergence of the levereged buyout model.

The Bain model was essentially “house flipping” only with businesses. Find a business that is “a little run down”, get a no-money-down loan from a bank to purchase it, fix it up a little, resell it for more than you paid, pay off the loan, and keep the extra you made on the sale.

The problem is that businesses that focus on the long term can seem “a little run down” in the short term (at least on paper), and thus became targets for levereged buyouts. The only way for businesses to protect themselves from the levereged buyout frenzy was to abandon their long term focus and instead focus on the short term bottom line.

Romney’s work at Bain is a problem. It’s the same attitude as the IBGYBG (I’ll be gone, you’ll be gone) attitude that fueled the economy crash. A total focus on the short term, without any thought given to the damage that might be done in the long term.


11 posted on 06/10/2011 7:55:34 AM PDT by Brookhaven (Herman Cain knows math, computers, pizza, money, hamburgers, banking, and Coca-Cola)
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To: greyfoxx39
"(The GroundZero Mosque) cleared its final hurdle ….
developers plan to build the $100 million center which will include a mosque.
Since its incipient stages in July 2009, when a Muslim-run real-estate development
company purchased the damaged, vacant building and land where the new center
will be built, the project has sparked controversy and debate.
.... the tattered building that was bought by the Muslim real estate company had
been owned by a subsidiary of Bain Capital, a company Romney founded in 1984.

So it’s OK if his company can profit off the sale of the land ."


“Bain Capital, has cut checks totaling $90,000 to Romney’s operation. “



12 posted on 06/10/2011 8:04:38 AM PDT by Diogenesis (Nothing surpasses the complexity of the human mind. - Leto II: Dar-es-Balat)
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To: ohiogrammy
I prefer Herman Cain first.

I like the sound of a Palin/Cain ticket.

But I caught Cain on the O'Reilly show yesterday. While Cain is an imposing candidate, I thought his some of his answers were weak and evasive. O'Reilly let him off the hook. Others will not be so kind, so Cain needs to work on being more specific.

13 posted on 06/10/2011 8:13:00 AM PDT by Leaning Right (Why am I carrying this lantern? you ask. I am looking for the next Reagan.)
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To: dfwgator
Better for it to come out now, before he’s the nominee.

I saw the Colbert thing on Romney also. It was devastating. If it's true, let's hope this side of Romney gets wide publicity, and soon.

14 posted on 06/10/2011 8:15:11 AM PDT by Leaning Right (Why am I carrying this lantern? you ask. I am looking for the next Reagan.)
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To: Leaning Right
Let him off the hook?

BOR interrupted so many times the guy couldn't get out one complete sentence.

Obviously, Cain is not BOR's man.

15 posted on 06/10/2011 8:19:40 AM PDT by SMM48
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To: greyfoxx39
Bain is a great company that saves jobs. Say what you want about Romney, but his work with Bain has been excellent.

Perhaps Colbert should consider what would have happened if there was no Bain to save those companies. How many jobs would that have cost?

16 posted on 06/10/2011 8:19:55 AM PDT by Hoodat (Yet in all these things we are more than conquerors through Him who loved us. - (Rom 8:37))
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To: Leaning Right
Stephen Colbert's biggest fan is...

STEPHEN COLBERT

...and NO, I am not a Romneybot.

17 posted on 06/10/2011 8:22:57 AM PDT by SMM48
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To: SMM48
BOR interrupted so many times the guy couldn't get out one complete sentence.

You got that right. BOR's constant interruptions would confuse anybody.

But what I was referring to specifically was BOR's question to Cain on what he would do to stop Iran from getting the bomb. Cain replied that he would allow for more domestic drilling to reduce Iran's oil cash flow.

BOR asked how that would stop Iran from getting the bomb. Cain really had no good answer. So as I said previously, Cain will have to work on questions like these.

In case you didn't see the interview, Cain did one thing very well. He explained how important it is to have someone in the White House who understands how businesses work.

18 posted on 06/10/2011 8:28:13 AM PDT by Leaning Right (Why am I carrying this lantern? you ask. I am looking for the next Reagan.)
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To: dfwgator

And if Romney’s the nominee, get ready for 4 more years of Ozero


19 posted on 06/10/2011 8:33:52 AM PDT by jrg
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To: SMM48
Yes, I take anything Colbert says with a very large grain of salt.

But the GOP had better see if there is any truth in this statement: Romney took over many companies then made money as hundreds of jobs were lost.

Because if it is true, it will be used to great effect by the Dem's in a general election.

Now, the irony is that the taking over those companies might have been good for the economy in the long run. I can't say. But the average voter won't care. He'll only see the job loss figures in the Dem political ads.

20 posted on 06/10/2011 8:39:42 AM PDT by Leaning Right (Why am I carrying this lantern? you ask. I am looking for the next Reagan.)
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To: Leaning Right

Agree on the Cain interview in BOR last night. He was tossed a fat pitch to point out at least one of Oblamer’s bad decisions and he danced around it. BOR seemed to sense that Cain was either having a “senior moment” or isn’t ready for prime time, so he let it go by the boards without a follow-up.

I can tell you this: I don’t forget things that I am passionate and angry about - never! How could Cain lapse? #WORRISOME


21 posted on 06/10/2011 8:41:22 AM PDT by CreviceTool ( Obama is standing above the country above above the world, he is sort of a God = Evan Thomas)
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To: Hoodat
Bain is a great company that saves jobs.

How about posting some sources for that blanket statement.

I see you didn't watch the video.

Romney eliminated more jobs than he saved, and put millions in his pocket while doing so.

22 posted on 06/10/2011 8:52:02 AM PDT by greyfoxx39 (My God can't be bribed by money or good works. Romney's can.)
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To: greyfoxx39
Liberals actually get their political “information” from B grade stand-up comedians (Colbert, Stewart, etc...). That is the real joke.
23 posted on 06/10/2011 8:59:27 AM PDT by frogjerk (Liberalism: The ideology of envy.)
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To: frogjerk
Liberals actually get their political “information” from B grade stand-up comedians (Colbert, Stewart, etc...). That is the real joke.

So....Romney voters pretty much fit the "liberal" label...maybe this will reach some of them. No joke.

24 posted on 06/10/2011 9:24:44 AM PDT by greyfoxx39 (My God can't be bribed by money or good works. Romney's can.)
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To: JaneNC
Sheesh. Consider the leftist agenda and source.

SOMEone didn't get the memo!

25 posted on 06/10/2011 9:42:04 AM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going)
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To: Leaning Right

I agree, but O’Reilly didn’t give him much time to answer either, as usual he cut him off every five seconds!


26 posted on 06/10/2011 1:56:03 PM PDT by ohiogrammy (12)
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