Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: flat

The DUmmies are already planning on tearing Myth apart at the seams and serving his entrails at their Inauguration banquet.

You think this guy is so squeeky clean? Wait until his true business record comes out in DUmmy format. [HINT] A claim of 100,000 jobs lost due to Bain’s takeovers.

Oh, yeah, I will rejoice in seeing this pathological liar having his “six” handed to him.


8 posted on 01/22/2008 7:50:27 AM PST by papasmurf (I'm voting for FRed, even if I have to write him in.)
[ Post Reply | Private Reply | To 3 | View Replies ]


To: papasmurf

Mitt will be eviscerated by the left - and deservedly so...
just like Kerry was by the Swift boaters.

I see commercials (a la Swifties)...

100 people standing, looking into the cameras.

Each speaks.

“Mitt was ruthless. He was living in his mansion
while he took away my job.”

next one

“My wife was dying of cancer and he cut me off
without mercy.”

and on and on. And that will be only one line of
attack.


32 posted on 01/22/2008 8:18:05 AM PST by aMorePerfectUnion
[ Post Reply | Private Reply | To 8 | View Replies ]

To: papasmurf

100,000 jobs? Good. There was a reason those companies were failing, and it’s called deadwood. Maybe we can get him to cut two million jobs from the government when he gets in. Any bleeding heart that complains about lost jobs at failing companies is a socialist in disguise.


48 posted on 01/22/2008 8:37:52 AM PST by Technocrat (Romney-Thompson 2008. Or vice versa.)
[ Post Reply | Private Reply | To 8 | View Replies ]

To: papasmurf

“You think this guy is so squeeky clean? Wait until his true business record comes out in DUmmy format. [HINT] A claim of 100,000 jobs lost due to Bain’s takeovers.”

From Wikipedia, the free encyclopedia:

Bain Capital LLC is a Boston, Massachusetts-based private equity firm founded in 1984 by Mitt Romney. Romney was the Governor of Massachusetts from 2003 to 2007. In addition to Romney, the firm was also founded by two other partners from the consulting firm Bain & Company: T. Coleman Andrews III and Eric Kriss. Bain Capital was originally conceived as a combined equity start-up and leveraged buyout fund, an innovative strategy at the time.

History

The original $37 billion fund was raised entirely from private individuals in mid-1984, led by Ricardo Poma, a Salvadorean businessman. One of the fund’s first start-up investments was Staples, Inc., the $15 billion office supply retailer. The funding enabled Staples to expand from one store in 1986 to nearly 1,700 in 2006. Bain Capital founded, acquired or invested in hundreds of companies including Bright Horizons Family Solutions, Brookstone, Domino’s Pizza, Sealy, Guitar Center and The Sports Authority.

In addition to the three founding partners, the early Bain Capital team included Fraser Bullock, Robert F. White, Joshua Bekenstein, Adam Kirsch and Geoffrey S. Rehnert. Bullock joined Romney as the Chief Operating Officer for the 2002 Olympic Winter Games when Romney left Bain in 2001 to lead the Salt Lake City Winter Olympics. [1][2]

Twenty years after its inception, Bain Capital currently manages $50 billion in assets, and holds positions in major companies including Toys R Us, Burger King and Unisource.

1990s to present

Facing financial duress, former Bain & Company partner and current Republican candidate for the 2008 US presidential election, Mitt Romney was asked to rejoin the firm as interim CEO. Bringing along two lieutenants from Bain Capital, Romney began traveling to all the Bain offices to rally employees.

The Boston Globe points out that “Over several weeks, Romney managed negotiations with the banks and among the partners,” and that “The moment came when negotiations produced a package in which [Bill] Bain and the founding partners would give up control of the firm, turning back $30 million they had taken from the ESOP and $100 million in notes they held against the firm.”

Romney’s plan involved “a complicated restructuring of the firm’s stock-ownership plan, real-estate deals, bank loans, and money still owed to partners”[9]. To avoid the financial crisis that a buyout would have triggered, the group of founding partners agreed to return about $100M cash and forgive outstanding debt.[10].

Although in the role for just one year before returning to Bain Capital, Romney’s work had three profound impacts on the firm. First, ownership was officially shifted from the owners to the firm’s 70 general partners. Second, transparency in the firm’s finances increased dramatically (e.g., partners were able to know each other’s salaries[11].) And finally, Bill Bain relinquished ownership in the firm that carried his name.

Within a year, Bain bounced back to profitability without major partner defections[12], and the groundwork was laid for a period of steady growth.


51 posted on 01/22/2008 8:40:50 AM PST by flaglady47
[ Post Reply | Private Reply | To 8 | View Replies ]

To: papasmurf
Oh, yeah, I will rejoice in seeing this pathological liar having his “six” handed to him.

If Romney gets to that stage, we'll know objectively that the other candidates just didn't have what it took. Tearing down winners doesn't make the losers look any better.

Thompson was billed as the electable version of Hunter...not so much.

148 posted on 01/22/2008 10:27:37 AM PST by Swordfished
[ Post Reply | Private Reply | To 8 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson