McCain Campaign's file on Mitt Romney

[Kershaw]

sorry, not buying the corporate chop shop mentality as saving america and creating jobs. which is what romney's whole platform is on.

http://www.slate.com/articles/news_and_politics/the_big_idea/2012/07/romney_and_bain_capital_why_he_s_so_afraid_of_talking_about_what_he_did_at_bain_.html

It’s not clear that private equity—like other forms of financial innovation—is good for America. You’d think that if private equity made businesses more efficient and valuable overall, there’d be clear evidence to support it, but there isn’t. Private equity firms earn most of their money through financial engineering. A big share of their returns comes from “tax arbitrage”—figuring out how to exploit loopholes to pay less to the government. Because interest is a deductible business expense, debt financing means they often pay little or no corporate tax. Private equity’s reliance on leverage can also magnify short-term earnings without leaving the companies they manage more valuable overall. One legal but dubious practice that private equity firms engage in is paying large “special dividends” out of borrowed money. As Jim Surowiecki of the New Yorker has written, “These dividends created no economic value—they just redistributed money from the company to the private-equity investors.” There’s some anecdotal evidence that the well-regarded Bain has been a better owner than most. But there’s no real way to evaluate that either.

http://dealbook.nytimes.com/2012/01/24/amid-attacks-on-private-equity-efforts-to-study-its-value/

While it appears that private equity may benefit some companies, this does not mean they always add value to them. Instead, private equity firms may make their riches by taking advantage of other debt holders, benefiting from tax arbitrage or firing employees. Evidence from the 1980s shows that private equity often took advantage of other debt holders.

^ firing half the company? that's definitely creating jobs.

and good job, his first venture was a success story? i guess that somehow determines that he is not a corporate pirate for the rest of his career.

[Vedubin01]

besides, is it now wrong to be successful in business in america? that somehow solyndra is better than staples?

Adam Carolla just spoke about this... pretty funny actually.
http://www.youtube.com/watch?v=v41Xz...layer_embedded

[gwb72tii]

besides, is it now wrong to be successful in business in america? that somehow solyndra is better than staples?

[Vedubin01]

^^^ thank you!

[z31maniac]

Investment firms buy FAILING BUSINESSES and attempt to make them profitable again.

With the exception of mega-corporations like GM, most of the time when a company fails and goes bankrupt.....................what happens............everyone loses their jobs because the doors closed.

So investment firms, buy the businesses, make them profitable and return a profit to their shareholders...............likely even to the delight of YOUR 401k!!!

But, hey, I'm sure Bain Capital never helped save or grow businesses did they.

http://www.newsmax.com/RonaldKessler/Bain-Staples-Romney-Capital/2012/01/13/id/424112

[Kershaw]

The guys that run for office are part of the .00001%, who cares where in that list they fall.

i do. there is a big difference between a few million and hundreds of millions of dollars. it's like saying there is no difference between $50k/year and $5million/year.

It's really, really sad how many Americans. Don't understand what companies like Bain Capital actually do.

you mean gut jobs and outsource them overseers? it sure is profitable and it has made romney a lot of money. go capitalism.

dave nails it.

[z31maniac]

Seeing as Mittens is trying to run as a businessman and a "job creator," the public deserves to know his record on business and job creation. As far as I can tell, Bain Capital was primarily a corporate raider whose automotive equivalent would be a chop shop. Then there is the question of how much of his wealth is parked in Switzerland and the Cayman Islands, safe from the IRS (the funding source ofr the country he proposes to run). To take this much flack, whatever he is hiding has got to be good!

Riiight. One of Obama's biggest campaign bundlers is who was actually running Bain Capital during the Steel Company debacle, Jonathan Lavine.



It's really, really sad how many Americans. Don't understand what companies like Bain Capital actually do.

[DaveNorCal]

Seeing as Mittens is trying to run as a businessman and a "job creator," the public deserves to know his record on business and job creation. As far as I can tell, Bain Capital was primarily a corporate raider whose automotive equivalent would be a chop shop. Then there is the question of how much of his wealth is parked in Switzerland and the Cayman Islands, safe from the IRS (the funding source ofr the country he proposes to run). To take this much flack, whatever he is hiding has got to be good!

[z31maniac]

Not to mention, didn't he already release some? That's how we know how much he donated to LDS Church, income of well over $20mil per annum on his investments, etc?

The guys that run for office are part of the .00001%, who cares where in that list they fall.

[z31maniac]

http://thinkprogress.org/economy/201...ey-tax-return/

apparently Romney has long pestered his opponents to release their tax returns. it seems to be biting him in the ass now.

It's just politics, it's something to deflect the real issues.

Who cares?

[Kershaw]

http://thinkprogress.org/economy/2011/10/11/340682/flashback-romney-tax-return/

apparently Romney has long pestered his opponents to release their tax returns. it seems to be biting him in the ass now.

[M-technik-3]

http://www.scribd.com/doc/78582788/M...2008-Oppo-File

i skimmed over it.

one tidbit that caught my attention, he signed a budget that quadrupled gun fees after proposing to just triple the gun fees. gun owners object and say MA will be one of the most expensive places to own a gun, it's tax on the right to bear arms and that they are being robbed, etc.

anyone else care to read it?

Yes they are my long gun fees are enough, my concealed permit is nuts and it's not a large caliber either.

But that just follows suit with Kennedy and Kerry. I actually enjoy the fact the state has some new blood with Ltc Brown. I have met with him a few times and he is still normal.

[mrsleeve]

Other than the fact that, I have stated in about 25 threads by now that I will not be voting for mitten and cant stand the man.

I suppose you could take that post either way, so the wording was a bit poor. I will concede that. But given my stance on 2a issues and the fact that I am a bit educated on where people of influence stand on such things (which all of you guys that jumped on it, are well aware of) there should have been no question of my context.

My phone on the soft keyboard likes to add periods all the time when you hit the space one too many times, and with thumbs it happens a lot.

[Kershaw]

i would argue that is what maritime did. since mrsleeve agrees with romney 84% [link] of the time, he assumed mrsleeve was defending romney.

due to the horrible lack of punctuation and mrsleeve's history, i cannot fault maritime at all.

[z31maniac]

i wont criticize you for your spelling, but i will say the previous comment was poorly worded. it was not clear at all.

This is how one can use context and prior history to ascertain the meaning.

;)