Tosa Town Square
Welcome Guest Search | Active Topics | Members | Log In | Register

<<Boards Main>>
izzie
Posted: Monday, May 14, 2012 8:50:22 PM

Rank: Advanced Member
Groups: Member

Joined: 6/11/2007
Posts: 3,071
Your opinions, please!

In a completely rational society, the best of us would be teachers and the rest of us would have to settle for something less, because passing civilization along from one generation to the next ought to be the highest honor and the highest responsibility anyone could have. -Lee Iacocca
beck
Posted: Monday, May 14, 2012 9:27:25 PM

Rank: Advanced Member
Groups: Member

Joined: 10/31/2009
Posts: 1,108
The discerning reader will notice a number of important facts Team Obama decided to leave out, such as the timing of GST Steel’s layoffs and bankruptcy… which occurred several years after Romney left Bain Capital to work on the Salt Lake City Olympics in 1999.

Taxpayers are still $26 billion in the hole on the GM bailout, and yet President Obama constantly touts it as a marvelous “success,” and speaks often of GM’s “profits.” I doubt the folks at Bain Capital sit around the boardroom pretending that $26 billion losses are “successful investments.” Of course, they don’t have the power to force taxpayers to cover their losses, as Barack Obama has done.

Bain capital took on high risk companies that were already in trouble and this fact seems to get passed over by liberal socialists and they focus on the companies that didn't make it. What has gone unmentioned here is that GST Steel had to close after the Chinese starting dumping it on our markets.

“Productiveness is your acceptance of morality, your recognition of the fact that you choose to live–that productive work is the process by which man's consciousness controls his existence, a constant process of acquiring knowledge and shaping matter to fit one's purpose, of translating an idea into physical form, of remaking the earth in the image of one's values–that all work is creative work if done by a thinking mind...” | Atlas Shrugged
Nancy
Posted: Monday, May 14, 2012 10:20:03 PM

Rank: Advanced Member
Groups: Member

Joined: 4/13/2007
Posts: 10,911
Location: East Side Wauwatosa
Nice try, beck. Romney was part of Bain when GST was purchased in 1993 and when they started wringing money out of it with the sole intent of discarding it like an old dishrag. This is how Bain operated. This is how Romney operated. You're a fool if you think that this kind of approach to business would benefit anyone in America, including you and your family.

Hitchens’ Razor: What can be asserted without evidence can be dismissed without evidence.
beck
Posted: Monday, May 14, 2012 10:30:12 PM

Rank: Advanced Member
Groups: Member

Joined: 10/31/2009
Posts: 1,108
Let's consider the underlying argument: that on occasion while Mitt Romney was at Bain, he had to recommend the elimination of some jobs to save a company. That's necessary and in the common good. In fact, Obama himself did the same thing when he took over the auto industry. He pressured GM to close many auto dealerships, resulting in the loss of tens of thousands of jobs. Indeed, not only did he oversee the elimination of tens of thousands of jobs, he eliminated non-union jobs to preserve union jobs. For Obama to argue that Romney did something wrong by eliminating jobs to save a business is the height of hypocracy.

It's pretty funny how every ad by the Obama campaign is very easily refuted and turned around against them.

“Productiveness is your acceptance of morality, your recognition of the fact that you choose to live–that productive work is the process by which man's consciousness controls his existence, a constant process of acquiring knowledge and shaping matter to fit one's purpose, of translating an idea into physical form, of remaking the earth in the image of one's values–that all work is creative work if done by a thinking mind...” | Atlas Shrugged
Happytransplant1
Posted: Monday, May 14, 2012 10:51:49 PM
Rank: Advanced Member
Groups: Member

Joined: 11/15/2011
Posts: 304
Location: Tosa Eastside
beck wrote:
It's pretty funny.





"When you walk through the door of opportunity, you do not slam it behind you. You reach back and help others succeed."
~Michelle Obama, Septemebr 04, 2012~
Nancy
Posted: Tuesday, May 15, 2012 11:35:41 AM

Rank: Advanced Member
Groups: Member

Joined: 4/13/2007
Posts: 10,911
Location: East Side Wauwatosa
beck wrote:
Let's consider the underlying argument: that on occasion while Mitt Romney was at Bain, he had to recommend the elimination of some jobs to save a company. That's necessary and in the common good. In fact, Obama himself did the same thing when he took over the auto industry. He pressured GM to close many auto dealerships, resulting in the loss of tens of thousands of jobs. Indeed, not only did he oversee the elimination of tens of thousands of jobs, he eliminated non-union jobs to preserve union jobs. For Obama to argue that Romney did something wrong by eliminating jobs to save a business is the height of hypocracy.

It's pretty funny how every ad by the Obama campaign is very easily refuted and turned around against them.


In this instance, the company wasn't saved. The charge against Bain and Romney is that they purchased these companies with the intention of running them into the ground in order to extract as much capital as possible. Obama's decision to bail GM out is not even remotely analogous.

The proof is that GM still exists, still makes cars, still maintains dealerships, still employs people while GST no longer exists. GM employs about 77,000 people in the U.S. with more to come as it pursues expansion. Nobody works for GST any more. So it's Obama 77,000 - Romney 0 in the job creation department.

http://www.huffingtonpost.com/2011/05/10/general-motors-us-plants-investment_n_860077.html

Another difference is that Romney profited, personally, from running GST into the ground while Obama did not profit the GM bailout.

Hitchens’ Razor: What can be asserted without evidence can be dismissed without evidence.
joeythelovesponge
Posted: Tuesday, May 15, 2012 11:55:49 AM
Rank: Advanced Member
Groups: Member

Joined: 8/4/2007
Posts: 1,903
Location: tosa
Nancy wrote:
The charge against Bain and Romney is that they purchased these companies with the intention of running them into the ground in order to extract as much capital as possible.



That's a novel approach to business they don't teach in MBA school. Let me see if I understand your thesis...you buy a company with the intent of destroying its value so you can cash in on what's left of the destroyed company...right? Did you think this up by yourself, or did you have help with that one?
Nancy
Posted: Tuesday, May 15, 2012 12:04:06 PM

Rank: Advanced Member
Groups: Member

Joined: 4/13/2007
Posts: 10,911
Location: East Side Wauwatosa
joeythelovesponge wrote:
Nancy wrote:
The charge against Bain and Romney is that they purchased these companies with the intention of running them into the ground in order to extract as much capital as possible.



That's a novel approach to business they don't teach in MBA school. Let me see if I understand your thesis...you buy a company with the intent of destroying its value so you can cash in on what's left of the destroyed company...right? Did you think this up by yourself, or did you have help with that one?


Bain thought it up.

Hitchens’ Razor: What can be asserted without evidence can be dismissed without evidence.
joeythelovesponge
Posted: Tuesday, May 15, 2012 12:35:50 PM
Rank: Advanced Member
Groups: Member

Joined: 8/4/2007
Posts: 1,903
Location: tosa
Nancy wrote:
joeythelovesponge wrote:
Nancy wrote:
The charge against Bain and Romney is that they purchased these companies with the intention of running them into the ground in order to extract as much capital as possible.



That's a novel approach to business they don't teach in MBA school. Let me see if I understand your thesis...you buy a company with the intent of destroying its value so you can cash in on what's left of the destroyed company...right? Did you think this up by yourself, or did you have help with that one?


Bain thought it up.


Assuming that is true, and apparently you do, would you care to explain to us how that business model works?
Happytransplant1
Posted: Tuesday, May 15, 2012 1:42:35 PM
Rank: Advanced Member
Groups: Member

Joined: 11/15/2011
Posts: 304
Location: Tosa Eastside
joeythelovesponge wrote:
Nancy wrote:
joeythelovesponge wrote:
Nancy wrote:
The charge against Bain and Romney is that they purchased these companies with the intention of running them into the ground in order to extract as much capital as possible.



That's a novel approach to business they don't teach in MBA school. Let me see if I understand your thesis...you buy a company with the intent of destroying its value so you can cash in on what's left of the destroyed company...right? Did you think this up by yourself, or did you have help with that one?


Bain thought it up.


Assuming that is true, and apparently you do, would you care to explain to us how that business model works?


Here in 8 easy steps:

http://www.youtube.com/watch?v=rodifJlis2c



"When you walk through the door of opportunity, you do not slam it behind you. You reach back and help others succeed."
~Michelle Obama, Septemebr 04, 2012~
Nancy
Posted: Tuesday, May 15, 2012 2:43:34 PM

Rank: Advanced Member
Groups: Member

Joined: 4/13/2007
Posts: 10,911
Location: East Side Wauwatosa
joeythelovesponge wrote:
Nancy wrote:
joeythelovesponge wrote:
Nancy wrote:
The charge against Bain and Romney is that they purchased these companies with the intention of running them into the ground in order to extract as much capital as possible.



That's a novel approach to business they don't teach in MBA school. Let me see if I understand your thesis...you buy a company with the intent of destroying its value so you can cash in on what's left of the destroyed company...right? Did you think this up by yourself, or did you have help with that one?


Bain thought it up.


Assuming that is true, and apparently you do, would you care to explain to us how that business model works?


I get it. You're lazy and you want information spoon-fed. I'm not going to cater. You could start with the video izzie posted and then do an Internet search. Bain's business approach is not a secret.

Edit: And look at the video happy posted.

Hitchens’ Razor: What can be asserted without evidence can be dismissed without evidence.
Happytransplant1
Posted: Tuesday, May 15, 2012 4:43:46 PM
Rank: Advanced Member
Groups: Member

Joined: 11/15/2011
Posts: 304
Location: Tosa Eastside
izzie wrote:
Your opinions, please!


It sure is an ugly side to capitalism... Even unglier is what these corporations have done to loot pensions and diverted these funds to pay golden parachutes.

The Little Read Book Store has the book Retirement Heist in their window..
http://www.youtube.com/watch?v=0GqGtkge5dQ


It's all legal... just really, really ugly.

"When you walk through the door of opportunity, you do not slam it behind you. You reach back and help others succeed."
~Michelle Obama, Septemebr 04, 2012~
joeythelovesponge
Posted: Tuesday, May 15, 2012 8:55:25 PM
Rank: Advanced Member
Groups: Member

Joined: 8/4/2007
Posts: 1,903
Location: tosa
Nancy wrote:
You could start with the video izzie posted and then do an Internet search. Bain's business approach is not a secret.


A link to a campaign website is supposed to explain it...yup...I suppose it makes sense if you check your brain at the door.
Nancy
Posted: Tuesday, May 15, 2012 9:17:54 PM

Rank: Advanced Member
Groups: Member

Joined: 4/13/2007
Posts: 10,911
Location: East Side Wauwatosa
joeythelovesponge wrote:
Nancy wrote:
You could start with the video izzie posted and then do an Internet search. Bain's business approach is not a secret.


A link to a campaign website is supposed to explain it...yup...I suppose it makes sense if you check your brain at the door.


So, you think the people talking about GST are lying? There's a lot of evidence that they're telling the truth. GST's fate is hardly a secret.

Hitchens’ Razor: What can be asserted without evidence can be dismissed without evidence.
beck
Posted: Tuesday, May 15, 2012 9:21:24 PM

Rank: Advanced Member
Groups: Member

Joined: 10/31/2009
Posts: 1,108
joeythelovesponge wrote:
Nancy wrote:
You could start with the video izzie posted and then do an Internet search. Bain's business approach is not a secret.


A link to a campaign website is supposed to explain it...yup...I suppose it makes sense if you check your brain at the door.


Even better than a Barack Hussein Obama commercial, how about that vertically challenged Robert Reich of the Lolly Pop Guild?
Reich has never created a job; he's spent his career in government and academia. Reich thinks that merely putting money in people's hands will goose the magic multiplier effect and jobs will be created. He has never spent 1 minute in the private sector, he knows nothing of business and that video proves it...only the dunderheads of TTS fall for it.



“Productiveness is your acceptance of morality, your recognition of the fact that you choose to live–that productive work is the process by which man's consciousness controls his existence, a constant process of acquiring knowledge and shaping matter to fit one's purpose, of translating an idea into physical form, of remaking the earth in the image of one's values–that all work is creative work if done by a thinking mind...” | Atlas Shrugged
beck
Posted: Tuesday, May 15, 2012 9:22:37 PM

Rank: Advanced Member
Groups: Member

Joined: 10/31/2009
Posts: 1,108
Nancy wrote:
joeythelovesponge wrote:
Nancy wrote:
You could start with the video izzie posted and then do an Internet search. Bain's business approach is not a secret.


A link to a campaign website is supposed to explain it...yup...I suppose it makes sense if you check your brain at the door.


So, you think the people talking about GST are lying? There's a lot of evidence that they're telling the truth. GST's fate is hardly a secret.


Hey dumbass, GST failed, like may steel companies at the very time because of cheap Chinese commodities....stick to your specialty of drawing purdy stick figures for the inner city yout.

“Productiveness is your acceptance of morality, your recognition of the fact that you choose to live–that productive work is the process by which man's consciousness controls his existence, a constant process of acquiring knowledge and shaping matter to fit one's purpose, of translating an idea into physical form, of remaking the earth in the image of one's values–that all work is creative work if done by a thinking mind...” | Atlas Shrugged
joeythelovesponge
Posted: Tuesday, May 15, 2012 9:24:53 PM
Rank: Advanced Member
Groups: Member

Joined: 8/4/2007
Posts: 1,903
Location: tosa
Nancy wrote:
joeythelovesponge wrote:
Nancy wrote:
You could start with the video izzie posted and then do an Internet search. Bain's business approach is not a secret.


A link to a campaign website is supposed to explain it...yup...I suppose it makes sense if you check your brain at the door.


So, you think the people talking about GST are lying? There's a lot of evidence that they're telling the truth. GST's fate is hardly a secret.


..and it's not a coincidence you're talking about it right after it shows up on a campaign website...like I said, check your brain at the door, and believe what you're told.
rubber
Posted: Tuesday, May 15, 2012 9:37:18 PM

Rank: Advanced Member
Groups: Member

Joined: 3/17/2008
Posts: 1,689
Location: tosa
beck wrote:


Hey dumbass, GST failed, like may steel companies at the very time because of cheap Chinese commodities....stick to your specialty of drawing purdy stick figures for the inner city yout.


That seems like such a simple response. Is that really what you get out of a document like this?

http://google.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1?ID=1059590&SessionID=hxzZHvAzULz6x_7
Nancy
Posted: Tuesday, May 15, 2012 9:50:40 PM

Rank: Advanced Member
Groups: Member

Joined: 4/13/2007
Posts: 10,911
Location: East Side Wauwatosa
joeythelovesponge wrote:
Nancy wrote:
joeythelovesponge wrote:
Nancy wrote:
You could start with the video izzie posted and then do an Internet search. Bain's business approach is not a secret.


A link to a campaign website is supposed to explain it...yup...I suppose it makes sense if you check your brain at the door.


So, you think the people talking about GST are lying? There's a lot of evidence that they're telling the truth. GST's fate is hardly a secret.


..and it's not a coincidence you're talking about it right after it shows up on a campaign website...like I said, check your brain at the door, and believe what you're told.


I'm talking about it because izzie posted it...duh.

Hitchens’ Razor: What can be asserted without evidence can be dismissed without evidence.
beck
Posted: Tuesday, May 15, 2012 9:50:59 PM

Rank: Advanced Member
Groups: Member

Joined: 10/31/2009
Posts: 1,108
If Romney is to be blamed for the 750 jobs lost at GST Steel, does he get credit for the 6,000 jobs created by Steel Dynamics Inc.?

If so, Romney scores 5,250 steel industry jobs net.

And Barack Hussein Obama lost 120,000 jobs at GM with taxpayer money. Bill Clinton is right, Obama the amateur.

“Productiveness is your acceptance of morality, your recognition of the fact that you choose to live–that productive work is the process by which man's consciousness controls his existence, a constant process of acquiring knowledge and shaping matter to fit one's purpose, of translating an idea into physical form, of remaking the earth in the image of one's values–that all work is creative work if done by a thinking mind...” | Atlas Shrugged
Users browsing this topic
Guest


Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
Classified
Looking for a used car, a new job or a place to live? Search our interactive online classified ads.

Jobs | Cars | Homes
Rentals | Personals | More
Shopping
Yellow Pages
Find goods and services from local merchants in the online yellow pages.

Search