Skip to comments.The Bain Capital Bonfire
Posted on 01/11/2012 8:50:22 AM PST by Daveinyork
About the best that can be said about the Republican attacks on Mitt Romney's record at Bain Capital is that President Obama is going to do the same thing eventually, so GOP primary voters might as well know what's coming. Yet that hardly absolves Newt Gingrich, Rick Perry and others for their crude and damaging caricatures of modern business and capitalism.
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If it works now, it will work much better later in the general. Better to find out now.
Who are the stockholders?
You bet! And if the establishment GOP wants to go down the road they want to pave, then so be it. They will go down that road without me and mine. If they want to side with the Marxist/terrorist in our Whitehouse and destroy this republic forever, I guess they will get their wish with Romney. NO way in hell will I vote for Romney and that is a big change for me since I have voted in every election since I was eligible in 1964. Also, Fox News has not had me tune in to their Romney loving crap in several weeks now. They are no better than CNN, MSNBC or any of the other network propagandists.
“Maybe its time to look at the regulators and regulations.”
Or get rid of a lot of both. Hey, maybe Mittens will fire them.
Newt can say he was misinformed about the nature of Bain. I don’t believe him, but he will probably weasel his way out of this.
Yeah, reminds me of the guys that say, when you say the whold man made global warming thing is a farce, “Why do you hate science.”
What we hate is BAD science. Same with business. Porn and abortion are legal businesses. It doesn’t mean everyone aspires to get into them, nor is a disdain for those businesses a disdain for capitalism.
Yes. You lack the ability to debate based on facts.
Only those who have been personally affected by these types of raids truely understand this way of doing business. Those who believe this perfectly fine do not understand how it works. These people (Romney’s group)raided insurance policies and pension funds and practically stole the value of companies and the tax payer ends up making it good. They are worse that scum, they are the parasites that feed on the scum.
Romney said yesterday he likes to fire people—
To be fair to Romney, he was talking about firing businesses, of which his business is a customer, that are not competitive.
What I fault him for is his unbelievably poor choice of words in a “gotcha” media environment. That shows incredibly bad judgement.
Today Romney likened what he did at Bane to the Obama auto bailouts.—
That one concerns me about which voters he’s going after and which ones he’s throwing under the bus.
Note to republican party: Do not presume to have my vote. I am a conservative and will sit out the presidential election if Romney is the nominee.
I will not sit out nor will I vote for Mr. Romney. The down ticket is too important to me. I will vote a protest vote for president and then vote straight republican.
Its a circular firing squad, and Romney is himself to blame as well. We better start focusing on winning the Senate...
I think there is quite a bit of animosity towards corporate leadership in this country no matter the facts on Bain. Romney’s weakness in this area exactly dovetails with Obama’s game plan. If people think Romney is the most electable, they are probably in for a shock once the dem machine and the media turn their attention to Romney in the general. Romney exactly fits the stereotype of the out of touch rich Republican businessman. Obama just has to be smiling.
Who are the stockholders and how much money did they give to mitt and mitt PACs?
The Wall Street Journal doing what it does best, leaving aside the beneficiary in this case. As a rule, although not always, populism excludes a forgotten man. In this case, the forgotten-man category is filled by the stockholders. Much like the Democrat populists who conflate the "oil companies" with rich old men in suits and/or bolos, forgetting how widely held oil stocks are, this crop of populists forget that ordinary people benefitted through their agents. Didn't Bain get pension money to manage?
One Bain investment during Mr. Romney’s tenure was to back an entrepreneur named Tom Stemberg, who was convinced he could provide savings for small-business owners if they were willing to shop at a store instead of taking deliveries. Today, the Staples chain of business-supply stores employs 90,000 people.
Back in the 80-90’s, there was a CEO nicknamed hacksaw, or something to that effect. The fact is, you cannot make government smaller without firing a WHOLE bunch of people, even those that you like, like soldiers and teachers. Why can’t these Republicans stand up proudly for Right-sizing our government?
The difference is...Romney is running for President. We should know EVERYTHING before this man gets the nomination.
I really dont care if, as a private citizen, he fires people, loots company pensions or is cruel to dogs: but I dont want him as my President.
Do you get it now?
That right there sums it up for me.
Mr. Romney and his colleagues raised $37 million for their first fund in 1984. Today, Bain Capital manages roughly $66 billion. Its investors include college endowments and public pension funds that have increased their investments in private equity to get larger returns than stocks and bonds provide. The people who benefit from those returns thus include average workers.
Bain’s turnaround hits include Sports Authority and tech-research outfit Gartner Inc., which was once a small division of an advertising firm and is now a public company worth more than $3 billion. Another success was Steel Dynamics, which used Bain money to build a new steel factory and now employs 6,000 people.
Chainsaw, I think it was.