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Monday, May 28, 2012 | 2:01 a.m.
Mitt Romney keeps insisting that he was a job creator at Bain Capital. Unfortunately for his argument, Bain’s goal, like every other private company, was to make money. Job creation was never a priority.
If a company they acquired needed more staff, they would hire. If one of their companies was in financial straits, they would close it down, firing the personnel. Making money was the central theme. When the Democrats brought up the closing of G.S. Industries and the loss of 750 jobs, the Romney camp replied that he was no longer in control of Bain at that time. But then the Romney camp turned around and added the hiring Bain was doing at that time to Romney’s job-creation claims.
He was a very successful businessman, but no job creator.
Mundy says "......like every other private company, was to make money. Job creation was never a priority." so Richard is repeating Gibbs and other on the Sunday talk shows.
Mundy does not accept the basic premise that Private businesses creates jobs.
Mundy believes that only the government can create jobs. Mundy does not want Capitialism.
What Mundy believe is it is best for the government to hire everyone and have them do what? Nothing?
Is the the Goverment going to hire Pickering for the field, to make LED TVs, the government is going dill for oil and gas?
The government is going to do everything for every body. ----- socialism
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So what is the government record in job creation, how about all those non existing green jobs, thousands training to crawl around your attic to get heat losses where are they now unemployed. Solyndra - thousands unemployed.
And what about the GM bankruptcy where Obama fired hundreds of thousands of people
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The CEO Obama bumper sticker reads GM is alive but at what cost - directly $114 billion from the Feds
- $61 billion was TARP money
- $45 billion was provide by the IRS as a loss-credit against future taxes
- $8 billion was gifted from the DOE to develop the Electric Volt
Indirectly hundreds of thousands of employees were laid off and paid not taxes and got entitlement checks.
That was 100s of thousands new unemployed people
- 2600 dealerships were closed with no compensation
- 17 factories and parts centers were closed
- thousands of Auto suppliers downsized like 20,000 laid-off at Delphi
The bankruptcy filing showed $172 billion in debt to Bondholders and $82 billion in assets. Obama wiped out the Bondholders in the settlement. Stockholders from pension fund got nothing.
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Obama came in fast and furious to preempt a private equity firm takeover from fixing the UAW Union problems like the high salaries, lavish pensions and idling work rules.
- Obama gave GM immunity from future lawsuits for defective product liabilities like punitive damages from a accident.
- Obama made the Federal government assume the backing of product liabilities.
- Obama virtually gave the Hummer division to China.
- The UAW now owns 20% of GM - and did not lose anything in work rules - and now negotiates with itself for pay and benefits
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Today GM is heavily investing billions of American generated profits in Buick plants in China - so China can sell cars to South America. And the China profits are kept in overseas in China banks.
Today GM has heavy cash losses in Europe and is fighting the French Government over thousands of necessary layoffs.
Today GM is not investing in American plants and technology; and GM is not refreshing models because of a lack of cash flow.
Today GM is putting out of ads on Facebook and the next Superbowl as they try to hoard their cash
For god's sake, why can't the Left get it through its head that in the process of being an oustanding businessman that Romney's success at Bain did lead to job creation. But here are the critical facts that the Left tries to avoid at any cost.
Mitt Romney is an executive running to head up the Executive Branch and he's highly qualified by excellent experience and demonstrated successes. Romney has the educational depth by way of his degrees at Brigham Young and his joint Law Degree and MBA at Harvard.
He has a deep commitment to his family, and his faith. He has been a success in every endeavor to which he has applied himself. He was a highly successful and respected CEO at Bain where he achieved rare personal financial success as well. He was a success in turning around the 2002 Winter Olympics in Utah and was a successful governor of Massachusetts from 2002-2006.
It is time to make a change in the White House. The incumbent Obama has a tired and failed array of policies which continue to set America back. Incredible debt, high and stubborn unemployment, the promotion of racial and class division, encumbered regulations which burden our businesses, a healthcare program which is unpopular and ill founded, a weak foreign relations policy which frequently casts the nation in the role of apologizing for who it is, and an anemic energy policy which fails to take advantage of the nation's massive hydrocarbon resources as the nation is punished by high gas prices. The incumbent president lacks a cohesive vision for the nation and his policies continue to push it further away from its traditional core values of individual accountability, free enterprise, and private solutions to national needs instead of massive central government involvement in the life of the nation.
President Obama and the Left demonstrate their lack of understanding of American capitalism when they criticize Mitt Romney for his role as Bain Capital's chief.
Bain is a private equity firm that for many years has invested in companies that are usually considered by Bain to be undervalued. It then blends the talents of its own management team with those of the acquired entity, restructuring and adding new talent.
Bain undertakes a long-term commitment to these entities with the objective of improving performance, increasing their value and ultimately selling them for a profit.
Under our capitalist system, Bain and Romney both participate in a virtuous activity that is and has been highly successful and which is emblematic of Mitt Romney's incredible overall qualification to loead this nation as its President.
Future says "Today GM is heavily investing billions of American generated profits in Buick plants in China - so China can sell cars to South America. And the China profits are kept in overseas in China banks.
Today GM has heavy cash losses in Europe and is fighting the French Government over thousands of necessary layoffs.
Today GM is not investing in American plants and technology; and GM is not refreshing models because of a lack of cash flow.
Today GM is putting out of ads on Facebook and the next Superbowl as they try to hoard their cash"
So Future contradicts his initial insistence that "... Private businesses creates jobs."
The letter writer is correct. Businesses priority is profit, not jobs. If a company hires, it's only because they found it expedient. As soon as a human resource is unnecessary, that resource is is gone and forgotten.
A company hires as few workers as it can possibly get by with. A company prefers to buy a robot, hire a contract worker, a part time worker and utilize an outside service rather than increase payroll. Hiring is a side effect, never, never, ever a goal.
Private ownership in America controls the means of production creating goods and services that the American consumer likes for profit or income. The by-product of this process is jobs. This is capitalism.
Richard, do you prefer socialism?
No wonder liberals and Obama can't create jobs. They don't understand business.
Frank,
The corrupt are unions who for years have inflated wages and pensions with extortionist tactics at the expense of taxpayers and consumers. Unions are a special interest group funding the attacks on business and capitalism.
Americans know that businesses create jobs and give consumers products & services they need/want, Obama, unions and Occupiers do not.
So basically, Democrats are against capitalism.
Like Mundy says, Democrats are against organizations whose main goal is to make a profit.
So if want to shut down all businesses whose goal is make a profit then vote Democrat.
All you will have left is government jobs.
That exactly describes Obama and the Democrats.
They are against capitalism (i.e. organizations whose main goal is turn a profit).
Thanks for the 411.
If Bain and Romney weren't successful the company would have folded a long time ago. It sounds as though Mr. Mundy is jealous of Bain and Mr. Romney's success. I see he didn't even reference Bain success stories Toy's R Us and Staples. Fair and balanced Mundy?
Private equity capital firms are not job creators first, they are profit makers. If jobs are added it's a plus. Romney needs to get over it. And so does Obama. If Obama makes this his campaign cry, he's a big loser. Obama's record for public equity stinks up the place worse than GS Industries. Bain and Romney had no more to do with the closure than me. In fact gave the failing company a new lease on life for 8 years. GS couldn't compete and survive with the foreign competition. The whole US steel industry couldn't. That's the reason it ultimately went belly up. Bain and Romney prolonged the inevitable.
Carmine A. DiFazio
Interestingly even Cory Booker, Newark's mayor, and the new face of the Dem party, called Obama on this recently. Until Dave Axelrod, typical Chi town politician, called him on it and Booker walked it back. Every now and again even the Dems have an epiphany of truth.
Carmine A. DiFazio
Enjoyed the letter.
Romney is not Presidential material.
He's a person who is simply someone chosen by the rich, totally for the rich and a representative of the rich. And nobody else.
If you don't believe me, look back at the Tea/Republican Party primary process. In every single State, Romney captured over 90 percent of the voters who made over $100,000.00. They are banking on Romney to make him even more money. Which means bad news for everyone else.
If he is mistakenly elected President, he has clearly shown he will pay lip service to America and do nothing. But if one of his filthy rich cronies asks for something, it is guaranteed he will bend over backwards to accomodate. Even if he has to step over the entire middle class to do it.
His sole impetus will be moh money, moh money, MOH MONEY! If China invades the United States, he most likely will cut a deal and split the profits.
Obama for four more years. AND a Democratic Party majority in BOTH the Senate and the House.
It is interesting that every month Obama reports the monthly jobs report.
And for the last two years all jobs gains have been in the Capitalistic private business sector
Under the socialism model of Obama there has been a net decrease in Goverment jobs. Obama has failed to create a net increase in Goverment jobs and Obama does not worry about making a profit - Obama is deficit spending and still can not increase government jobs.
Obama Where are the Government jobs
Future makes an entirely false assumption based on the following statement made: "And for the last two years all jobs gains have been in the Capitalistic private business sector
Under the socialism model of Obama there has been a net decrease in Goverment jobs."
Your memory needs to be refreshed that for the past two years, the House, which has a Tea/Republican Party majority, has made it their policy to shoot down any Government hiring in pursuit of austerity...even cutting Government jobs. And on the State levels, the Tea/Republican Governors have done their level best to go after every type of teacher/police/firefighter/public sector union they can go after. Because they believe to their souls the unions all get their members to vote Democrat, added to the fact they want the money saved to be handed to the rich.
President Obama (and the American people) have been thwarted and strangled to death by Tea/Republicans in the public sector for these past two years because of their intransigence.
So the only place President Obama can encourage job growth is in the private sector. And he has done that to the tune of over 4 million jobs with 26 straight months of job growth.
President Obama and his administration have been confirmed to spending the least amount of money than any recent past Presidents. But still you people howl this spending needs to stop.
Now you are saying this is all President Obama's fault?!?!? So, based on your flawed statistics only thrown out there for right wing nutball propaganda, President Obama is a socialist?
You are trying to re-write recent American history. People are not snowed by this.
The letter writer is correct in the assessment "like every other private company, was to make money. Job creation was never a priority" What the letter writer fails to mention is that many of those people, many union, were going to loose their jobs anyway because the plants they worked at were unprofitable. My brother spent many years at a company and his job was to make plants profitable or shut them down. 90% of the time after trying to work deals with the union he shut them down. So Bain did create jobs that were to be lost, some forever because the work would have been sent to anther country. You can't save every sinking ship but Mitt proved he can save many, now it is time to see if he can save the sinking ship known as the USA.
Think about it, he is super rich, successful and really does not need the headache that come with being president yet he is willing to step up the job. The country is 14 trillion in the hole and counting every day, we need someone who understands money running the country!
Colin,
Fat cat Wall Street types funded more Democrats the last two elections than Republicans but they have now turned away from the Anti-business Obama. See 1 minute YouTube video below.
http://www.youtube.com/watch?v=Px_qv_ygW...
We going to get rid of Social Security when the primary function of " private equity" is to weasel out of paying pensions ?
During the GOP debates Rick Oops Perry used the term 'vulture capitalism,' to describe Willard's time at Bain. Vultures everywhere were deeply insulted by the comparison because those creatures serve a very important purpose in nature.
Bain, on the other hand, made a few people extremely wealthy at the expense of the little guy. Jobs were lost or shipped overseas, retirement pensions disappeared, and whole communities ceased to exist along with the local employers they depended on.
Those are the issues that will frame this election. A snake oil salesman vs the man who saved the US auto industry, no thanks to the Party of No.
Romney is not Presidential material.
And Obama was?
This one statement by democrats proves they are lost.
If a comunity organizer is more capable in thier eyes of being president over a very accomplished business man and politician there isn't any reasoning with them.
LastThroes,
Here is Wiki's definition of Venture Capital that might give you some insight on the value, risk and job-creating results of Bain and other Venture Capital firms:
"Venture capital (VC) is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as biotechnology, IT, software, etc. The typical venture capital investment occurs after the seed funding round as growth funding round (also referred to as Series A round) in the interest of generating a return through an eventual realization event, such as an IPO or trade sale of the company. Venture capital is a subset of private equity. Therefore, all venture capital is private equity, but not all private equity is venture capital.
In addition to angel investing and other seed funding options, venture capital is attractive for new companies with limited operating history that are too small to raise capital in the public markets and have not reached the point where they are able to secure a bank loan or complete a debt offering. In exchange for the high risk that venture capitalists assume by investing in smaller and less mature companies, venture capitalists usually get significant control over company decisions, in addition to a significant portion of the company's ownership (and consequently value).
Venture capital is also associated with job creation (accounting for 2% of US GDP),the knowledge economy, and used as a proxy measure of innovation within an economic sector or geography. Every year, there are nearly 2 million businesses created in the USA, and only 600--800 get venture capital funding. According to the National Venture Capital Association, 11% of private sector jobs come from venture backed companies and venture backed revenue accounts for 21% of US GDP."
http://en.wikipedia.org/wiki/Venture_cap...
Romney's supporters seem to echo one premise: "Too much is never enough." Echoed with, "Greed is good."
If anyone was wondering where the idea for the character Gordon Gecko came from it seems they may have an answer.
Americans will suffer long and hard if they allow their country to be operated under corporate business principles.
Democrats are losing their grip on reality promoting their government run and direct society
They miss the essential point
Americans look to get products and service that they can not do themselves
Private businesses see a demand and create a business and hires people to efficently deliver these products and services.
Nobody create a business to just hire people
Let me say again Nobody create a business to just hire people. -- there must be a purpose and effective deliver. In fact even the government should not hire without a purpose.
Cognastics,
The AFL-CIO came out in a Bloomberg article stating "Runaway CEO Pay' Could Support 102,000 U.S. Jobs". The real unfortunate thing is, if all union members were to give a portion of theri union dues equal to $50 per month that would support 265,000 jobs which is 2 1/2 times more than the CEO pay would support. The question is, why aren't the unions supporting the American worker during these tough times by donating their union dues? It never fails, unions want more of the tax payer and consumer's money but can't seem to give up their money in a rough economy to support jobs for Americans. That is both selfish and greedy.
GINGRICH:
"We're going to release a short, 27-minute film that is well-documented, and tells the real story of Mitt Romney at Bain Capital--and it's not a pretty story," says Rick Tyler, an adviser to the Gingrich-supporting PAC.
RICK PERRY:
"There is something inherently wrong when getting rich off failure and sticking it to someone else is how you do your business and I happen to think that's indefensible," said Perry. "If you're a victim of Bain Capital's downsizing, it's the ultimate insult for Mitt Romney to come to South Carolina and tell you he feels your pain, because he caused it."
...Ahhhh, the smell of hypocricy in the morning. So GOP candidates for potus were actually socialist marxists who don't understand how business and free markets work? LOL. Stay classy teabaggers.
Definition of bane (bain ): Killers,Poisoners, or destroyers. Of we we wage slaves ?
Jahreb,
Candidates will say anything to get nominated as was the case with Gingrich and Perry. Here is Obama saying he was against the healthcare mandate as a candidate but ended up being for it:
http://www.youtube.com/watch?v=EwzYVEunP...
Jahreb, I'm not surprised you and other liberals are not talking up Obama's record, it's lousy so you should try and divert attention away from the fact that Obama is anti-business and has proven he can't create jobs as we've been stuck on only 58.5% of our population working for three years now compared to 63% pre-recession. The jobless have been left high and dry by the Obama socialist economy.
Republicans and liberatarians are the bain of the nations existance!
Let's hope for change from what we have to anything else. Anything to the center or further right. How about moving back to what is constitutionally allowed for the federal government?
Hooker, Republicans believe in capitalism while a majority of democrats see socialism as favorable. In a 2010 Gallup poll linked below, 53% of democrats had a positive image of "socialism," while 41% had a negative image. Hooker, there is a reason Americans are not hearing specific plans from Obama on how to get our economy going. Obama's socialist ideals clash with a capitalist economy. Business investment is down 33% as businesses are waiting for an administration with pro-growth business policies. Obama tried a $861 billion dollar stimulus in 2009 to get our economy going but it failed leaving 12 to 14 million Americans jobless. These jobless Americans are like step-children to the Obama administration as they are forgotten, never acknowledged or to be seen with. Obama treats them like Lepers. What a shame.
http://www.gallup.com/poll/125645/Social...
When you can't make an argument all you conservatives can do is resort to condescencion or call we decent people names......dude
So I see the bought and paid for Romney defenders are here in full force again today. Just how much do the Koch Brothers pay you misguided souls to hang your name on the insane posts you upchuck?
You guys aren't wealthy enough to be Republicons and if you had any sense you could see through the Romney/Republicon BS.
One thing the Cons, Romney, and the Kochs do and are good at is to spew manure while dividing an already divided country.
Republican dudes I'd suggest you turn off the TV and read some books:
A)Railroaded
B)13 bankers
C)Confidence Men
D) The passage of power
Tea lets talk about HCA and private equity say a little more about it and how it decreases health care costs.
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Democrats are shocked - really shocked - that some Americans want to make a living providing goods and products and services that other people want and will pay for. Just shocked.
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Obama has an opinion about Capitalism. Chairman Mao had the same opinion. Kim Jung Il also is of the same opinion. Josef Stalin and Fidel Castro also hate Capitalism. Me, I prefer capitalism. It's what made this country great. Wall Street occasionally pukes out a mess like they did in '08, but for the most part Capitalism is the engine that drives America and consequently the rest of the world. President Obama is just an overrated community organizer and his chief purpose in life is to distribute the money that Capitalism provides. If you people are content to vote for a man like that you are going to be in the minority. I think the only people that will vote for him are his own kind and their wives.
Why does Obama accept money from Bain?
Because he is a CLASS A HYPOCRITE.
Why does Obama accept money from Bain?
Because he is a CLASS A HYPOCRITE.
yeah wingnuts, Obama had a thin resume for being president, we were taking a chance. The chance has paid off. You all have enough time and money to attack him like he's a foreign born Muslim, which, come to think of it, is really OK anyway.
I mean, it appears all of your lives are going extremely well, many of you who complain seem to have a great standard of living, RefNV has 2 homes, Carmine has worked for several Presidents, Mark Traeger has oodles of time to berate liberals. Future is up at all hours to celebrate his anti-American credentials (In his case, the anti-Obama in him is un-American)
I just don't get where any of you are hurting, you all seem to be thriving.
I think that is is just he has a D after his name, he's black, and a good family man that ticks you off. He has pulled himself up by the bootstraps the way many Americans have with the GI Bill, Scholarships, determination, and God's Blessings.
One would think the right wing would cradle Obama as one of their own, 2 beautiful daughters, a wife that is American as apple pie, and be proud of his willingness to not cut off the foreign policy he knows (Iraq and Afghanistan) has been unnecessary--while methodically extricating us from the burden of these wars.
You guys are a sad lot of people -- Obama is a great American. Instead of being proud of him and his family, you all are buds with Ted Nugent...
Romney is a great family guy too. Very shallow in street smarts IMHO, and not a street fighter. If Romney won, we would survive, but at the expense of the middle class.
Jeff says"Obama had a thin resume for being president, we were taking a chance. The chance has paid off. ...I just don't get where any of you are hurting,....You guys are a sad lot of people" -
Jeff the change agent has Failed.
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You would be sad to if everything you worked for is taken away from you by Obama and you have no future under Obama.
Obama's thin resume as you put it is is why we will have no recovery while the anti-capitalism president is in office.
C'mon lil' Future:
What is that meanie Obama gonna take away from you?
Are you saying because the president HAD a thin resume that the business community is refusing to have a complete recovery?
Jeff from Las Vegas: 11:39 a.m. post
Wow; it was such a pleasure to read your comment. Thank you for sharing.
Dude....Pop quiz :
What do you think happened to a "dude" that stole millions of dollars from the government via medicare ?
A) He spent many years in jail
B) Ridiculous Republicans elected him governor
BITE:
At 10:55 a.m. on Memorial Day, you stated, "I think the only people that will vote for him are his own kind and their wives" referring the President Obama. Did I read that correctly?
When you made reference to "his own kind and their wives," who are you defining as his own kind? Please spell it out for me? Oh and by the way what is YOUR kind?
bite your a racist-thanks kepi
kepi....Obama's "own kind" are people just like you. Does that satisfy you?
Traeger 2:01 p.m.
It was a simple question requiring a simple answer. I too find your interpretation of my request for clarification (interesting as well); however, I will not go down to your level nor will I add fuel to your game of name calling and personal affronts. It is remarkable that some people feel the need to be condescending in lieu of having a civil discussion regarding opposing views.
I hope you will find peace in your heart.
Bite:
Thank you for taking the time to respond to my request for clarification. I "thought "it was a simple question and I am pleased that you responded. In your response you stated: Obama's "own kind" are people just like you. Does that satisfy you?
Yes, of course, I am extremely satisfied. I asked a simple question and you replied with a simple answer. Just for the record, when you stated that Obama's "own kind" are people just like me I was absolutely delighted. I was thrilled that I would be considered Obama's "own kind". Thank you so much; you have truly made my day. It is an honor and a privilege to support President Obama. I voted in 2008 and I intend on voting in 2012. Thank you for putting me in the "own kind" category with such a great leader like President Barack Obama.
Bain Capital took companies they purchased into bankruptcy to create profit for their investors. K-B Toys was such a company.
Bain took K-B Toys private in 2000 for $305 million. Only $18 million of that came from Bain cash and the rest was borrowed against the assets of K-B Toys. Sixteen months after the buyout, Bain Capital paid itself $85 million in dividends from K-B cash in early 2002. This is famously called 'Dividend Reinvestment'.
Two years later on January 14, 2004, due to its enormous debt, KB Toys filed for Chapter 11 bankruptcy protection and closed 365 stores. Around 3,000 jobs were lost. In the world of venture capital the only people who matter are the capitalists.
The Investor capitalist hands out orders, not diplomacy. Romney demonstrates that philosophy in his speeches. He has proudly said he doesn't care about the poor and his priorities are increasing the size and power of the military while cutting social programs, particularly public education, medicare and social security.
Romney will (try to) privatize Social Security to send retirement savings to fund managers who will invest in military projects, funds that have no legal obligation to be paid back.
Romney says that "God wants America to lead", meaning gunboat diplomacy with Russia, China and probably an invasion of Iran. The never ending cold war will begin and damn the retired. If you are poor and sick, learn to pray; if you are wealthy, see a doctor. Q.E.D.
K-B Toys could not compete with other retail outlets. Venture capital companies don't buy companies to shut them down. Wiki, on Venture capital firms and "high risk"
"Venture capital (VC) is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as biotechnology, IT, software, etc. The typical venture capital investment occurs after the seed funding round as growth funding round (also referred to as Series A round) in the interest of generating a return through an eventual realization event, such as an IPO or trade sale of the company. Venture capital is a subset of private equity. Therefore, all venture capital is private equity, but not all private equity is venture capital."
Now SunJon, what does GM owe the American taxpayer? $50 billion? How many GM employees did the company layoff in 2010? 20,000 GM employees? Sorry, SunJon, Bain can't go to the tax payer and borrow $50 billion like Obama. Venture capital acquisitions are high risk propositions. Some will survive and some won't.
Bunch of idiots, Bain isn't in business to employ or hire people just too give people jobs. Even your own party understands that for themselves personally or at least they better know better. I can say that Obama doesn't know that though, he has yet to fire any of the idiots he's appointed to their positions and we're still paying for them stupid choices being made. Absolutely amazing that you people really like that guy, no wonder America is so screwed up.
"The question is; why aren't the unions supporting the American worker during these tough times by donating their union dues?"
The unions don't support their own workers today like they did 15 years ago when they used to finance developments and building construction then mandate the use of union workers only. Look around the strip and most of the other projects throughout the USA, what once was 100% union is forever gone, non-union companies now build 90%. People ask why, unions have desecrated themselves into a human cesspool of whining lazy pathetic workers that are about as useless as Obama.
Whats our choice in the next election ?
a) corporate pawn who says a corporation is a person
b) corporate pawn who says maybe it's not
We got bombed the last time a Republican silver spoon weaseled into the white house. It took a competent military commander in President Obama to catch the bomber..........I guess the country would fall into anarchy without sports Authority,Staples and a dog food retailer.
I really cannot believe some of these comments are coming from people living in the United States.
Mundy makes an idiotic statement that Bain's priority was not to create jobs. NO, I repeat no, none, zero, zip, nada is any company's priority that to create jobs. Companies go into business to MAKE MONEY. And, when they are successful, THEY CREATE JOBS. Even the village idiot knows that.
Then we have Fosimmons who sits on the far left of Saul Alinsky, Karl Marx, Lenin and even Obama who spew nonsensical drivelalways the same thing, sometimes different words.
Then we have Hookershaky chiming in with short stories, and that's what they are "stories". By the way Obama is not the first Black president for your information. We have YET to elect the first Black President, he even lies about that. Obama is a "mulatto", one white parent one black. He IS the first Mulatto President.
Colin from Las Vegas and Jeff from Vegas Obama was inexperienced and incompetent and he still is. He has shown that. He is a Comunity Organizer whoc is also a Compulsive Liar. If you look up in the dictionary marxist, egomaniac, arrogant or narcissist there's an 8 x 10 color glossy of Obama.
The company that Obama chose to pick on of Bain's, out of hundreds, was a company that Bain invested millions of dollars in and lasted over 6 years after Bain's initial involvement before it declared Bankruptcy. He fails to mention the numerous companies that were extremely successful and expanded hiring hundreds of individuals or even the successful companies that stayed in business and hired new people. All of that is ONLY because Bain became involved. They were ALL in trouble. More than 80% of the businesses Bain got involved in WERE successful. And, yes they made money that's what they were in business for. Romney, like it or not, was a very integral part of those successes and therefore the job creation.
Today, we look at the American workforce and even though Obama claims he created jobs, he has not. More jobs have been lost because of Obama and his policies than gained. This is BLATANTLY APPARENT when you consider there are fewer people today in the workforce than there were on January 20, 2009.
There's a choice coming on November 6th, 2012. And, if that choice is anyone EXCEPT Obama the country has a chance to survive as we knew it. If it is Obama, brace yourself because Greece's and France's financial condition and recessions will look good in comparison.
This is truly an election of the takers against the makers.
Democrats are always striving to deceive and trick people. Like this for example, "Bain took K-B Toys private in 2000 for $305 million."
Romney left Bain in 1998.
Obama to this day is still accepting donations from Bain.
The truth will set you free.
Tea: My research on Sports Authority, Staples, and Dominos shows me a two chains where you can never find one of those those low paid, pimply faced employees when you need them, and a pizza chain with poor products.
I think the President has a better record with the hundreds of thousands of good paying jobs associated with the bailout of the auto industry.
Romney's business ideals are about the same as a Domino's pizza.
I said hundreds of thousands of jobs! CAN I GET AN AMEN!
Richard.....Good letter.
YES, Romney WAS NOT a job creator but he was a
cash creator for Bain and himself.
Why did some of Romney's cash go to SWISS BANKS?
Romney or his slave supporters never answer that.
Romney is anti-union, like all other greedy,
heartless republicans and said he will kill the
Affordable Care Act and Planned Parenthood.
Why would any average American or low income
American vote for this heartless man.
He also wants to put trickle down bush/republican
policy on steroids and lower taxes EVEN MORE for
his mega-rich friends.
THIS IS INSANITY.
NEVER VOTE REPUBLICAN!
AND YES, President Obama fixed and saved our
economy from the HUGE DISASTER AND MESS that the
greedy and heartless republican party left him.
Some of the republican idiots keep saying that
he didn't fix it fast enough.
You republican fools made the mess and you don't
get another chance.
We already know what you will do.
FOUR MORE YEARS FOR PRESIDENT OBAMA!!!
I'd vote for Romney if he made student loans dischargeable in bankruptcy, or if he immediately ended govt. guarantees of student loans from Sallie Mae or other private lenders like Wells Fargo. College tuition would fall pretty fast. There is a sinister connection between rising tuition and Wall Street, as mentioned in this RT post. Romney is going to do everything he can to create millions more student loan debtors.
http://www.youtube.com/watch?v=QhvImh2uW...
I love the people who try to equate the executive branch of government with an executive of a business.
Bain Capital is a Hedge Fund. What they do is use play money to extract REAL money out of people. Real being actual created wealth by people. Bain, being a hedge fund is a parasite. They invade a host and then suck it dry. They do not create anything, they suck. That is their goal. Appearances otherwise are all part of the window dressing to fool stupid people.
Mitt Romney is nothing more than a parasite. His vision would turn America into a massive episode of Storage Wars.
MR has already stated his answer to Nevada's housing mess is to simply flood the market with foreclosures and have at it. You think your house value has dropped now? wait till the Parasites like MR have their go.
The letter writer hit the nail on the head. Bain Capital has never been about job creation.
Mitt Romney is NOT a job creator! His record as the governor of Mass shows that very thing. Mitt is a big time flip-flopper. He's worse than John McCain ever was....
When its all said & done, Obama will be re-elected come November. The question is will the Democrats be able to hold on to the Senate & pick-up seats in the House?
The economy is slowly getting better despite the fact that the GOP is doing everything that they can to keep that from happening....
http://www.youtube.com/watch?v=MfL7STmWZ...
This is what I think of Romney, Bain Capital, and anyone who thinks the Republicans will make things better.