Stop stammering & release your returns!

[gwb72tii]

So in my questions, was Romney not a raider that ruined companies? Isn't the speculative nature of wallstreet corrupt? Isn't the name of the game to a lot of these people making money without the creation anything new? Please don't see what I've been saying to you as an attack on you just merely me wanting to know more.

in a word, no, he was/is not a corporate raider, despite the attacks from the democrats who would like America to believe as much. private equity investors use their own money to buy companies and try to grow them, to make money and profit. they put their own wealth on the line. in that sense it is speculative without a doubt and full of risk, hence bankruptcies in some of the deals. but when any company goes bankrupt in a private equity deal the equity investor (Bain Capital) loses (unless fo course you're GM and a union member). So there is nothing gained, but everything lost, for an investment in a private equity deal that goes toes up.

obama would like all to believe wall street is just a bunch of the 1% out to screw everyone else, which is also a lie (but who is counting?). wall street finances america and without it we'd be the western equivilant of Nigeria. are there scoundrels and crooks on wall street? of course there are. there are in every business ever invented. but again, its a convenient whipping post that deflects attention from obama's track record on the economy.

its the worst form of politics, the envy game, they have it and i don't so they're evil. obam playing that card tells everyone what kind of man he is, which is a coward.

[z31maniac]

Premise would mean argument while I've been trying to ask questions.

A premise does not necessarily imply an argument, is simply means:

"a proposition supporting or helping to support a conclusion."


Trust me, I don't take anything on this board as a personal attack.

But your premise is that Romney is a corporate raider, because he ruined companies. But you have no evidence that he harmed more companies than he helped.....and he helped many.

And as was pointed out, if companies hadn't managed themselves into a hole, his company would have never been there to TAKE THE RISK of purchasing them AND TRYING to turn them around.

Sometimes everything can't be saved.

[Dozyproductions]

having a conclusion arrives from making a point (premise); something I was not really making. To further troll post, so you could say what Romney was in the business of bailing out companies then. Doesn't sound like some one I would wan't to have as the republican nominee.

[herbivor]

in a word, no, he was/is not a corporate raider, despite the attacks from his own party who would like America to believe as much. private equity investors use their own money to buy companies and try to grow them, to make money and profit. they put their own wealth on the line. in that sense it is speculative without a doubt and full of risk, hence bankruptcies in some of the deals. but when any company goes bankrupt in a private equity deal the equity investor (Bain Capital) loses (unless fo course you're GM and a union member). So there is nothing gained, but everything lost, for an investment in a private equity deal that goes toes up.

Fixed that for you. I have to say, for the most part I agree with you on this one. There is a difference between corporate raiders and legitimate private equity firms. It is my understanding that Bain capital is a legitimate private equity firm. It is true that companies that are bought by private equity firms are twice as likely to go bankrupt (7% vs. 3.5%) but the companies being bought by those firms tend to be riskier anyway (specifically retail).

The only thing I don't like about private equity firms, and Warren Buffet supports me on this, is that the 15% tax rate that applies on no matter how much is made, gives an unfair advantage to the wealthy investor. We will find that Romney's effective tax rate will be close to that 15% when he releases his records whereas mine is closer to 24% because I make my money from my job rather than investments.

[z31maniac]

having a conclusion arrives from making a point (premise); something I was not really making. To further troll post, so you could say what Romney was in the business of bailing out companies then. Doesn't sound like some one I would wan't to have as the republican nominee.

Your conclusion being that he was doing some wrong/unfair or that he is unworthy of the nomination (I'm not saying he is, just want you to have your facts straight.)

Read Herby's post, you are sorely confused about investment firms.

. We will find that Romney's effective tax rate will be close to that 15% when he releases his records

He has already openly admitted that, while saying he won't apologize for being successful.

He also took big risks to net those big rewards as well.

[scabzzzz]

It really doesnt matter how he got his money. Its a given that if you're running for president, you have assloads of wealth from somewhere. Romney is a hollow businessman like the rest (minus Paul). He goes out and shits on the other runners political positions when he himself is the most sack swinging individual of them all. Same with Newt. And Obama (now).


Romney can keep his tax return too. I dont give a shit. Most people wont understand the difference between capital gains tax and income tax. OHH SHIT YOU MEAN DAT NIGGA ONLY PAY 15% SHIIIIT MAN I PAY 30% FUCK THAT GUY FREE MONEY FROM OBAMA SIGN UP HERE!!!

[mrsleeve]

^

That

[rwh11385]

It is true that companies that are bought by private equity firms are twice as likely to go bankrupt (7% vs. 3.5%) but the companies being bought by those firms tend to be riskier anyway (specifically retail).

Bingo, that is a solid point that people generally overlook.

Companies get stupid sometimes and in trouble, and sometimes it takes an outside perspective and leadership to turn things around. And sometimes, nothing can be done to dig them out from the hole or changing market conditions. (Like will Blockbuster survive in any meaningful way?)

I think that given how much $$ support politicians get from those who benefit the most from 15% capital gains and dividend, they'll continue to focus on earned income's red herring rather than investment income. And the American people will probably still be ignorant of the difference like scabzzz mentioned. And your average American will yell and be jealous yet never take the steps to save and invest themselves in the market to benefit similarly.

[dinanm3atl]

Bingo, that is a solid point that people generally overlook.

Companies get stupid sometimes and in trouble, and sometimes it takes an outside perspective and leadership to turn things around. And sometimes, nothing can be done to dig them out from the hole or changing market conditions. (Like will Blockbuster survive in any meaningful way?)

I think that given how much $$ support politicians get from those who benefit the most from 15% capital gains and dividend, they'll continue to focus on earned income's red herring rather than investment income. And the American people will probably still be ignorant of the difference like scabzzz mentioned. And your average American will yell and be jealous yet never take the steps to save and invest themselves in the market to benefit similarly.

Bingo... jealousy is a strong vote getter.

[tjts1]

LOL he paid 13.9% in taxes. This douchebag thinks he's going to be elected president? Go ahead, nominate him. It'll make Obama's re election that much easier.

[joshh]

LOL he paid 13.9% in taxes. This douchebag thinks he's going to be elected president? Go ahead, nominate him. It'll make Obama's re election that much easier.

Is Obama not rich?

[z31maniac]

^Not anywhere near the level of Romney.

But tjts1, he paid $3mil in taxes and donated another $3mil charity............just last year.

Not enough?

[dinanm3atl]

Jealousy... great at getting votes.

[Ryan Stewart]

Jealousy... great at getting votes.

Especially since more and more Americans are becoming broke asses every year. Nobody is willing to even work for anything but expects $100k jobs to fall in their laps:

http://articles.cnn.com/2009-08-03/us/new.york.jobless.graduate_1_job-search-job-placement-filed?_s=PM:US

[Morrison]

I personally support and encourage Mitt to make as much money as humanly possible and am happy to see that the numbers are indicating that he has done so; especially in the last few years. Mitt's success directly indicates that Barrack has not attacked free enterprise, ruined the economy, or made it impossible for the 1% to continue profiting. We can all relax now.