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Could Mitt Romney and Bain save

Discussion in 'Political Discussion' started by IllegalContact, Jul 16, 2012.

  1. IllegalContact

    IllegalContact On the Roster

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    any of Obama's failed/failing green energy companies?

    List Of Failed Green Energy Jobs – By Obama

    Solar Trust of America: FAIL
    Bright Source: FAIL
    Solyndra: FAIL
    LSP Energy: FAIL
    Energy Conversion Devices: FAIL
    Abound Solar: FAIL
    SunPower: FAIL
    Beacon Power: FAIL
    Ecotality: FAIL
    A123 Solar: FAIL
    UniSolar: FAIL
    Azure Dynamics: FAIL
    Evergreen Solar: FAIL
    Ener1: FAIL
    Last edited: Jul 16, 2012
  2. Mrs.PatsFanInVa

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    #24 Jersey

    Probably not...he couldn't even save the ones he was in on.

    Media Fail To Fact Check Romney's Solyndra Speech | Research | Media Matters for America
  3. IllegalContact

    IllegalContact On the Roster

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    yes, but a few of the ones he did save:


    Aleris
    AMC Theatres
    Bavaria Yachtbau
    Bombardier Recreational Products
    Brake Bros Ltd
    Brookstone
    Burger King
    Burlington Coat Factory
    Clear Channel Communications
    D&M Holdings
    Dollarama
    Domino's Pizza
    DoubleClick
    Edcon Limited
    GOME Electrical Appliances
    Guitar Center
    Gymboree
    HD Supply
    Hospital Corporation of America
    Kansas City Bolt and Nut Company plant
    Michaels
    NXP Semiconductors
    Sealy Corporation
    Staples Inc.
    Toys "R" Us
    Warner Music Group
    The Weather Channel
    Last edited: Jul 16, 2012
  4. Holy Diver

    Holy Diver Rookie

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    #80 Jersey

    Ford...

    GM....

    Chrysler....
  5. Hebeill

    Hebeill Rookie

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    Inquiring minds want to know did he save them or chop them up in little pieces and sell them off after he allowed them to go bankrupt. I think most of them would fall under being victims of vulture capitalism.
    Last edited: Jul 16, 2012
  6. IllegalContact

    IllegalContact On the Roster

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    relevance?

    chrysler? owned by fiat so basically it is a foreign company now...so it was basically outsourced by obama

    GM.....and we have the chevy volt to show for it

    as for ford, they opted to not take TARP assistance and is the most successful of the 3

    nice try
    Last edited: Jul 16, 2012
  7. IllegalContact

    IllegalContact On the Roster

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    you tell me......
  8. Holy Diver

    Holy Diver Rookie

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    #80 Jersey

    Romney was quoted as sayihng he would let them go bankrupt.

    what a cool dude!



    what I might call a "nice try" is claiming Bain successes in a company like "Toys R Us" who clearly fell into trouble in a time when Romney wasn't at bain.

    Toys 'R' Us agrees to $6.6 billion buyout by KKR group - Mar. 17, 2005 (2005)

    Burger King was 2006....

    How Bain Capital and Goldman Sachs “reaped a fortune” With Burger King ‹ I Acknowledge Class Warfare Exists

    "Where do Bain Capital’s profits come from? Consider its investment in Burger King. In May 2006 Bain Capital and others took a $30 million “management termination fee” out of Burger King before taking it public. (This fee was chump change compared to the $367 million dividend Bain Capital and its partners extracted from Burger King in February 2006.)

    Sure this happened after Romney had left Bain Capital and such fees do not get sucked out of every deal.

    But the point is clear, if you want a President who knows something about creating jobs, vote for a venture capitalist, not a private equity honcho."


    (those were only the 1st two I checked)


    YOu can't have it both ways....


    FAIL
    Last edited: Jul 16, 2012
  9. IllegalContact

    IllegalContact On the Roster

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    some companies should go bankrupt

    as for GM, how do you think it was saved? they permanently parked a respirator and a defibrillator next to a corpse of a company that continues to produce garbage

    Watchdog questions GM bailout repayment - Washington Times

    "It turned out GM used bailout funds from an escrow account to pay off $4.7 billion in government loans, a move that several congressional Republicans called deceptive."


    so basically, GM is using government funds to pay back government funds.....a notion only libbies could think of

    American Airlines Shows The Corruption Of Obama's GM Bailout - Forbes

    seems as though obama bailouts only go as far as the votes in return can get them.......corruption at its finest

    Last edited: Jul 16, 2012
  10. Holy Diver

    Holy Diver Rookie

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    #80 Jersey

    You are claimning that Romney saved companies that Bain dealt with when Romney was no longer with Bain...

    FailCity, USA

    where did you get your talking points for today? whoever gave them to you is an idiot.
  11. IllegalContact

    IllegalContact On the Roster

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    well.....given the fact that in the 80's, Romney was responsible for saving Bain itself (and he did it in a much more business savvy manner than obama's corruption-laden attempt at saving GM) has Romney both directly and indirectly responsible for the saving of all those companies.

    I understand that it must really make your blood boil that Romney did so much good in the business realm. but you really need to be more concerned with obama and the miserable failure he is concerning all things in the business world.
  12. Mrs.PatsFanInVa

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    #24 Jersey

    Then he is also responsible for what happened to all of those companies - their layoffs, their closings, their job losses and their outsourcings included.

    As much as you'd like to, you can't have it both ways.
  13. IllegalContact

    IllegalContact On the Roster

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    absolutely

    the problem is that you seem to lack the understanding that if a poorly managed company is taken over, there are going to be corrections that have to be made that won't be popular to most of those involved with the poor management. unlike what obama did with GM which was to crush every stockholder and hand everything over to the UAW and its pension at a 'paltry' cost of $20B to the taxpayer. Romney has a valid point that maybe GM should not have been saved......it is starting to appear that GM will come full circle in the next 6 to 7 years and it will cost the taxpayer even more then.

    please.....give me some proven success achieved by obama.....anything
    Last edited: Jul 16, 2012
  14. Holy Diver

    Holy Diver Rookie

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    #80 Jersey

    Wait...he now SAVED Bain!???

    Mitt Romney somehow saved the company he was teh sole stockholder, president, and CEO of?

    how?
  15. IllegalContact

    IllegalContact On the Roster

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    Bain & Company - Wikipedia, the free encyclopedia

    you need to go learn some more....you basically hate someone you have no clue about......you are basically no different than your run of the mill racist:

    "Facing financial duress, Bain Capital partner Mitt Romney was asked to rejoin and lead Bain & Co. as interim CEO. Bringing along two lieutenants from Bain Capital, Romney began a traveling campaign to rally employees at all Bain offices globally. Romney also negotiated a complex settlement between the Bain partnership and the firm's lenders, including a $10 million reduction in the $38 million Bain owed the Bank of New England, which by that time had been seized by the FDIC and placed in Chapter 7 liquidation.

    The Boston Globe pointed out that:

    "Over several weeks, Romney managed negotiations with the banks and among the partners... The moment came when negotiations produced a package in which Bill Bain and the founding partners would give up control of the firm, turning back $30 million they had taken from the ESOP and $100 million in notes they held against the firm."

    Romney’s plan involved "a complicated restructuring of the firm's stock-ownership plan, real-estate holdings, bank loans, and money still owed to partners". To avoid the financial crisis that a buyout would have triggered, the group of founding partners agreed to return about $100M cash and forgive outstanding debt.

    Although in the role for just one year before returning to Bain Capital, Romney's work had three profound impacts on the firm. First, ownership was officially shifted from the owners to the firm's 70 general partners. Second, transparency in the firm's finances increased dramatically (e.g. partners were able to know each other's salaries). Third, Bill Bain relinquished ownership in the firm that carried his name.


    Orit Gadiesh at the World Economic Forum in Davos, Switzerland, 2007.Within a year, Bain bounced back to profitability without major partner defections,[11] and the groundwork was laid for a period of steady growth
    "
    Last edited: Jul 16, 2012
  16. Holy Diver

    Holy Diver Rookie

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    #80 Jersey

    Okay....

    Then he left, and Bain 'saved' all of these companies you listed.

    Then you claim he saved those companies by saving Bain?

    SO....according to your 'logic' the outsourcing Bain did while he was gone can be attributed to Romney. AND also the profiting off of companies that sold aborted fetus is All Romney too!


    its amazing how you do it.


    In the real world, you can't have it both ways, pal.
  17. Mrs.PatsFanInVa

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    #24 Jersey

    Good article in WSJ about some of the "failures," Bain was involved in.

    Romney at Bain Capital: Big Gains, Some Busts - WSJ.com


    So....17 out of 77 means approximately 1/4 of the companies Bain took over failed - that's a 25% bankruptcy rate for Bain as opposed to the 5% - 8% failure rate among other target companies which were taken over during the same time period.

    Sounds like an "opps" to me....although the Bain stockholders seemed to make out just fine since the companies were milked for every dollar possible before throwing them - and all their employees - away.

    I've got news for you, too.......Average Americans like you and me are not going to be wealthy stockholders in Mitt Romney's America - we're going to be the throw away employees.
    Last edited: Jul 16, 2012
  18. IllegalContact

    IllegalContact On the Roster

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    hey.....obama outsourced chrysler and hummer

    meanwhile, many of those companies listed were bought/saved prior to Romney leaving and you can add a few more during the time he 'wasn't there'

    just like any common racist, you choose to ignore the redeeming qualities whilst focusing solely on what you percieve to be the negatives that should cause him to lose the election

    I get it....you hate the guy and you don't even know why.....

    the problem is, I am still trying to find a single useful or meaningful achievement by obama......what? oh.....I understand.....he's a lawyer and a lifelong politician

  19. JackBauer

    JackBauer On the Roster

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    Killing Bin Laden
    Obamacare
    Ending DADT
    Last edited: Jul 16, 2012
  20. IllegalContact

    IllegalContact On the Roster

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    LOL....Killing Bin Laden really made a difference at this point......too bad his libbie predecessor didn't take care of it before it was too late. killing Bin Laden was purely symbolic

    Obamacare is a massive FAIL

    DADT? great.....give him the freaking Nobel Peace prize..........LMFAO

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