Mitt Romney Criticizes President Obama For Wanting To Hire More Police, Firemen and Teachers
37 replies, posted
I'm not saying this because I hate Romney, I'm saying this because it's true.
Mitt Romney is a fucking moron, and should not be allowed to say anything unless he has facts that support his mindless vocal vomiting.
Mitt Romney is a retarded animal.
[QUOTE=Funcoot;36261438]I'll defend Bain Capital in the sense that when a company is tanking horrendously, jobs are going to be lost. I don't think that is necessarily Mitt Romney being evil, just more so the nature of the beast. When a company is tanking, jobs will be lost, not matter who is behind the wheel.
Now I may be wrong, I'm just going off of the few stories I have heard of Bain Capital. If you could link me to some stories of them just being outright ruthless, I would appreciate that.[/QUOTE]
What bain capital did was they would buy out companies that were doing fine and thriving. Then they would raise the worker quota to ridiculously high requirements to make it look like they were failing, and then they would liquidate them for the worker's pensions. The company is fully of greedy assholes basically stealing from workers.
[QUOTE=codemaster85;36265771]What bain capital did was they would buy out companies that were doing fine and thriving. Then they would raise the worker quota to ridiculously high requirements to make it look like they were failing, and then they would liquidate them for the worker's pensions. The company is fully of greedy assholes basically stealing from workers.[/QUOTE]
Can you provide some links to support this please? Not that I honestly doubt this, but Bain Capital is also a venture capital firm that has bought some start up and helped them succeed, LinkedIn being a major one.
[QUOTE=Funcoot;36267797]Can you provide some links to support this please? Not that I honestly doubt this, but Bain Capital is also a venture capital firm that has bought some start up and helped them succeed, LinkedIn being a major one.[/QUOTE]
[QUOTE]Romney’s private equity firm, Bain Capital, bought companies and often increased short-term earnings so those businesses could then borrow enormous amounts of money. That borrowed money was used to pay Bain dividends. Then those businesses needed to maintain that high level of earnings to pay their debts…
* Bain in 1988 put $5 million down to buy Stage Stores, and in the mid-’90s took it public, collecting $100 million from stock offerings. Stage filed for bankruptcy in 2000.
* Bain in 1992 bought American Pad & Paper (AMPAD), investing $5 million, and collected $100 million from dividends. The business filed for bankruptcy in 2000.
* Bain in 1993 invested $60 million when buying GS Industries, and received $65 million from dividends. GS filed for bankruptcy in 2001.
* Bain in 1997 invested $46 million when buying Details, and made $93 million from stock offerings. The company filed for bankruptcy in 2003.
Romney’s Bain invested 22 percent of the money it raised from 1987-95 in these five businesses, making a $578 million profit.[/QUOTE]
[URL]http://www.nypost.com/p/news/business/ad_mitt_mistakes_jRmd2LHaPIb0bbNn1ZkgaJ[/URL]
Romney also denies he had part in it.
[QUOTE=codemaster85;36267856][url]http://www.nypost.com/p/news/business/ad_mitt_mistakes_jRmd2LHaPIb0bbNn1ZkgaJ[/url][/QUOTE]
Ah, very well. Thank you for pointing this out.
I don't even know what to say besides "That is perhaps one of the most idiotic statements I have ever heard."
The problem isn't that companies aren't growing. The problem is only the big companies are growing, and they're also putting a ton of money into convincing people not to tax them.
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