In 1985, Romney Said Bain Would "Harv...

In 1985, Romney Said Bain Would "Harvest" Companies

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hehe

London, KY

#1 Sep 28, 2012
ROMNEY VIDEO: In 1985, He Said Bain Would "Harvest" Companies for Profits

At Bain, Romney's top priority wasn't to boost employment. As the Wall Street Journal recently noted, creating jobs "wasn't the aim of Bain or other private-equity firms, which measure success by returns produced for investors."

Bains goal was to identify potential and hidden value in companies, buy significant stakes in these businesses, and then "harvest them at a significant profit" within five to eight years.
http://www.motherjones.com/politics/2012/09/1...

hehe

Romney mentioned that it would routinely take up to eight years to turn around a firm—though he now slams the president for failing to revive the entire US economy in half that time.
hehe

London, KY

#2 Sep 28, 2012
No wonder Republicans don't like him either.
No wonder Romney is losing

hehe

Since: Sep 10

Location hidden

#3 Sep 28, 2012
hehe wrote:
ROMNEY VIDEO: In 1985, He Said Bain Would "Harvest" Companies for Profits
At Bain, Romney's top priority wasn't to boost employment. As the Wall Street Journal recently noted, creating jobs "wasn't the aim of Bain or other private-equity firms, which measure success by returns produced for investors."
Bains goal was to identify potential and hidden value in companies, buy significant stakes in these businesses, and then "harvest them at a significant profit" within five to eight years.
http://www.motherjones.com/politics/2012/09/1...
hehe
Romney mentioned that it would routinely take up to eight years to turn around a firm—though he now slams the president for failing to revive the entire US economy in half that time.
I'm sure Democrats never expect to make a profit in their businesses. Farmer probably makes sure his farm is a failure so he can draw foodstamps and get a free cell phone
SpeakUp

Eustis, FL

#5 Sep 28, 2012
reality_review wrote:
<quoted text>
I'm sure Democrats never expect to make a profit in their businesses. Farmer probably makes sure his farm is a failure so he can draw foodstamps and get a free cell phone
You might want to hate the Google executives as well, because they load high schools up with free laptops! Isn't marketing tools amazing?

Since: Sep 09

o------------><-----------o

#6 Sep 28, 2012
A company named Sensata Technologies recently bought a manufacturing plant in Freeport, Illinois ..... and promptly told the over 170 workers there that their jobs and all the plant’s equipment would be shipped to China.

Guess who bought and is the owners? Bain Capital. In case you haven't heard who the founder and ex-leader of it is ..... Mitt Romney.

The workers are protesting it. They have even set up tents there.

They have a big sign put up saying .....

“Romney does have a jobs plan ..... too bad it’s for China.”

As a side note ..... guess what Sensata manufactures? They make sensors for automobiles, including sensors for automatic transmissions. Yep, Romney and Bain are real big on helping the automotive industry. Righhhtttt.

Since: Sep 10

Location hidden

#7 Sep 28, 2012
Too bad Obama's jobs plan is in China

A bailed out General Motors expanded its small truck and SUV manufacturing in China soon after closing down similar facilities in Janesville, Wisconsin—the plant Barack Obama pledged to save and keep open for “another hundred years” in 2008.

GM has increased its manufacturing capacity in China by 55 percent since emerging from bankruptcy thanks to a $50 billion bailout from taxpayers. An important piece of that increased capacity has taken place in Changchun, Jilin Province in China.

On August 30, 2009, GM entered into a “50-50 joint venture” with China FAW Group Corp., one of China’s largest automakers. GM’s cash influx helped boost FAW’s efforts to expand its light duty commercial vehicles and SUV manufacturing. The partnership sold more than 88,000 vehicles in 2010.

The move came four months after GM shuttered its Janesville plant, which built SUVs like the Chevrolet Suburban. The closure has become a matter of controversy on the campaign trail after Janesville congressman and Republican vice presidential nominee Paul Ryan noted the Obama administration failed to save the plant despite promising to do so on the campaign trail.

Obama stopped by the Janesville plant in February 2008 while campaigning for president and pledged to save the jobs of more than 2,000 employees.

“If our government is there to support you, and give you the assistance you need to re-tool and make this transition…this plant will be here for another hundred years,” he said.

In October 2008, Obama reiterated his claims that he would save the GM plant:“As president, I will lead an effort to retool plants like the GM facility in Janesville so we can build the fuel-efficient cars of tomorrow and create good-paying jobs in Wisconsin and all across America.”

That turned out not to be the case. GM closed the plant in April 2009 despite Ryan’s efforts to preserve it.

The Obama campaign has made the GM and Chrysler bailouts a centerpiece of its campaign, as Obama and vice president Joe Biden have claimed that their actions “rescued” the American auto industry. Democrats also plan to use the personal tales of autoworkers at the DNC next week, according to Politico.

Obama, who has blasted Mitt Romney as an “outsourcer in chief,” has made no mention of GM’s rapid expansion in China and its use of cheap labor: 70 percent of GM’s manufacturing is based overseas, while foreign purchases represent only 40 percent of sales.

Taxpayers have not fared as well as Chinese automakers. GM and its lending arm Ally Bank have yet to repay $42 billion of the $57 billion they received from American taxpayers. And GM’s struggling European operations have dragged its stock price down 40 percent since its record-setting IPO in November 2010.

The stock’s tumble is another blow to taxpayers, who still own more than 25 percent of the company’s shares. GM’s stock would need to triple in order to fully repay taxpayers.
http://capoliticalnews.com/2012/09/03/governm...
SpeakUp

Eustis, FL

#8 Sep 28, 2012
Nobody could have helped Janesville. That was a lost cause. You'd think that state could keep their heads above water, they've got such an intelligent crew in there now.

But what I really wanted to say is, reality_review should be over on the Chicken Festival thread where she'd be more appreciated since she could be their poster child at 300#.
SpeakUp

Eustis, FL

#9 Sep 28, 2012
I suggest for a more accurate reading on GM, the government and taxpayers, simply Google:

Does GM owe taxpayers/Fact Check

It is explained in entirely there, unbiased.

What we want to do here in the U.S. is support this icon company. That way, taxpayers will have nothing to fear. The government will have all it's money back plus large interest payments (which they have already gotten).

Since payments have to be prorated between principle and interest, it's likely if we calculated the interest as principle, the loan would be most likely, prnciple wise, paid in full or nearly.

We can't not support General Motors because of partisan reasons and not use logic this is a great, long living American company that employs thousands of workers and their plans to expand will employ alot more. Let's support GM and start driving GM cars again like people did before they knew what a Japanese or Korean car looked like, nor did they care, back when times were good. Partisan politics will never replace good ole' common sense.
facts

Eubank, KY

#10 Sep 29, 2012
reality_review wrote:
Too bad Obama's jobs plan is in China
A bailed out General Motors expanded its small truck and SUV manufacturing in China soon after closing down similar facilities in Janesville, Wisconsin—the plant Barack Obama pledged to save and keep open for “another hundred years” in 2008.
GM has increased its manufacturing capacity in China by 55 percent since emerging from bankruptcy thanks to a $50 billion bailout from taxpayers. An important piece of that increased capacity has taken place in Changchun, Jilin Province in China.
On August 30, 2009, GM entered into a “50-50 joint venture” with China FAW Group Corp., one of China’s largest automakers. GM’s cash influx helped boost FAW’s efforts to expand its light duty commercial vehicles and SUV manufacturing. The partnership sold more than 88,000 vehicles in 2010.
The move came four months after GM shuttered its Janesville plant, which built SUVs like the Chevrolet Suburban. The closure has become a matter of controversy on the campaign trail after Janesville congressman and Republican vice presidential nominee Paul Ryan noted the Obama administration failed to save the plant despite promising to do so on the campaign trail.
Obama stopped by the Janesville plant in February 2008 while campaigning for president and pledged to save the jobs of more than 2,000 employees.
“If our government is there to support you, and give you the assistance you need to re-tool and make this transition…this plant will be here for another hundred years,” he said.
In October 2008, Obama reiterated his claims that he would save the GM plant:“As president, I will lead an effort to retool plants like the GM facility in Janesville so we can build the fuel-efficient cars of tomorrow and create good-paying jobs in Wisconsin and all across America.”
That turned out not to be the case. GM closed the plant in April 2009 despite Ryan’s efforts to preserve it.
The Obama campaign has made the GM and Chrysler bailouts a centerpiece of its campaign, as Obama and vice president Joe Biden have claimed that their actions “rescued” the American auto industry. Democrats also plan to use the personal tales of autoworkers at the DNC next week, according to Politico.
Obama, who has blasted Mitt Romney as an “outsourcer in chief,” has made no mention of GM’s rapid expansion in China and its use of cheap labor: 70 percent of GM’s manufacturing is based overseas, while foreign purchases represent only 40 percent of sales.
Taxpayers have not fared as well as Chinese automakers. GM and its lending arm Ally Bank have yet to repay $42 billion of the $57 billion they received from American taxpayers. And GM’s struggling European operations have dragged its stock price down 40 percent since its record-setting IPO in November 2010.
The stock’s tumble is another blow to taxpayers, who still own more than 25 percent of the company’s shares. GM’s stock would need to triple in order to fully repay taxpayers.
http://capoliticalnews.com/2012/09/03/governm...
You're sidestepping Romney laying off american workers and sending their jobs overseas. It was companies Romney bought. Obama didn't own GM. This week Romney is fundraising in China.
HelpMe Gov

London, KY

#11 Sep 29, 2012
SpeakUp wrote:
Nobody could have helped Janesville. That was a lost cause. You'd think that state could keep their heads above water, they've got such an intelligent crew in there now.
But what I really wanted to say is, reality_review should be over on the Chicken Festival thread where she'd be more appreciated since she could be their poster child at 300#.
Janesville closed because of unions.

Barak Hussein Obama: Obama says,”I believe that if our government is there to support you, and give you the assistance you need to re-tool and make this transition, that this plant will be here for another hundred years.”
HelpMe Gov

London, KY

#12 Sep 29, 2012
I'll be damned. Ed Shultz of MSNBC prepares taxes in Chicago? lmao

"SCHULTZ: That's not what he said.(And I most assuredly won't quote what Obama said due to its awkward resemblance to Ryan's paraphrasing). That simply is not what he said. Here is the release from the Bush administration on June 3rd of 2008 (Pay no attention to that candidate behind the curtain!), acknowledging that the plant was being targeted for shutdown and they praised General Motors for doing it!(And to prove my point, I most assuredly won't quote the press release either!). For doing it! Let me read (Schultz becomes tongue-tied, thinking twice about reading from press release), how do you deny a press release from the administration that had it happen on his watch?(Didn't you hear what I didn't just read?) How can you do that?(After this, caller not heard from again, presumably because Schultz dropped one of the few actual fact-checker calls he ever gets). Where was President Bush? Where were the Republicans with the plan to tell General Motors, oh my God, don't do that? You've got all these workers in Janesville! How in the hell can you put that off on President Obama?! I find, I find that just utterly amazing! Yes, I'm going to have to go to Janesville and I want to hear them say just that, that it's Obama's fault when he was in no way, shape or form the president of the United States!(Even after he became president!)"
HelpMe Gov

London, KY

#13 Sep 29, 2012
Vice President Paul Ryan:

"President Barack Obama came to office during an economic crisis, as he has reminded us a time or two. Those were very tough days, and any fair measure of his record has to take that into account. My home state voted for President Obama. When he talked about change, many people liked the sound of it, especially in Janesville, where we were about to lose a major factory.
A lot of guys I went to high school with worked at that GM plant. Right there at that plant, candidate Obama said:“I believe that if our government is there to support you … this plant will be here for another hundred years.” That’s what he said in 2008.
Well, as it turned out, that plant didn’t last another year. It is locked up and empty to this day. And that’s how it is in so many towns today, where the recovery that was promised is nowhere in sight."

From FactCheckers: "I believe the retrofit costs would have been higher in Janesville, which is why the plant wasn’t chosen — but it’s clear that the plant wasn’t closed under Bush, and that Obama had an opportunity to make good on his promise."
HelpMe Gov

London, KY

#14 Sep 29, 2012
I harvested corn, beans and pumpkins from my garden.

In order to harvest those rewards I had a lot of sweat and expense.

This summer was very dry(Bush's fault) and the cost to water was equal to if not exceeding my return. If I counted ferts and time I would be breaking even at best.

The pumpkins grown for my GDaughter and harvested were of great size. My GDaughter was pleased with the harvest. She knew how much hard back breaking work it takes to get to the point of harvest.

The neighbors sure enjoyed the harvest. They contributed nothing and received almost an equal amount of produce(the democrats).

So the next time some moron tries to tell you the farmer or owner is only there at harvest time? You can tell them they are FOS and you will vote for the man willing to help his neighbors by growing a business worth "harvesting."

The Janesville plant is an example of obammy and GM "harvesting" profits from the workers and sending them to China.
HelpMe Gov

London, KY

#15 Sep 29, 2012
___Jenny___ wrote:
A company named Sensata Technologies recently bought a manufacturing plant in Freeport, Illinois ..... and promptly told the over 170 workers there that their jobs and all the plant’s equipment would be shipped to China.
Guess who bought and is the owners? Bain Capital. In case you haven't heard who the founder and ex-leader of it is ..... Mitt Romney.
The workers are protesting it. They have even set up tents there.
They have a big sign put up saying .....
“Romney does have a jobs plan ..... too bad it’s for China.”
As a side note ..... guess what Sensata manufactures? They make sensors for automobiles, including sensors for automatic transmissions. Yep, Romney and Bain are real big on helping the automotive industry. Righhhtttt.
Why be a liar like SpeakUp?

Was Romney at Bain when this took place? No.

Just another lying chunt.

"Employees at Sensata Technologies in Freeport, Illinois, protested Mitt Romney's visit to nearby Janesville, asking the Republican presidential candidate and former head of Bain Capital for their jobs."

Romney has influence at Bain because he once sat in the "big chair."

obammy is not a muslim even though he worshipped as one for years and years.

Logic is not the dims strong suit.
HelpMe Gov

London, KY

#16 Sep 29, 2012
In 1985 Barack Hussein Obama was still practicing his muslim faith.

Same amount of time..........

pssst, the United Church of Christ was only started in '85. So why even look? lol
Voter

Mount Vernon, KY

#17 Sep 29, 2012
Stick a fork in romney he is done..........Obama 2012
HelpMe Gov

London, KY

#18 Sep 29, 2012
Voter wrote:
Stick a fork in romney he is done..........Obama 2012
Hello, "neighbor."
conservative coup

Orange, VA

#19 Sep 29, 2012
Obama blocks Chinese company from owning Oregon wind farm

Published September 28, 2012

Associated Press

WASHINGTON – Citing national security risks, President Obama on Friday blocked a Chinese company from owning four wind farm projects in northern Oregon near a Navy base where the U.S. military flies unmanned drones and electronic-warfare planes on training missions.

It was the first time in 22 years that a U.S. president has blocked such a foreign business deal.

Obama's decision was likely to be another irritant in the increasingly tense economic relationship between the U.S. and China. It also comes against an election-year backdrop of intense criticism from Republican presidential challenger Mitt Romney, who accuses Obama of not being tough enough with China.

Read more: http://www.foxnews.com/politics/2012/09/28/ob...

Now who was Romney asking for campaign contributions in China?

Since: Sep 10

Location hidden

#20 Sep 29, 2012
SpeakUp wrote:
I suggest for a more accurate reading on GM, the government and taxpayers, simply Google:
Does GM owe taxpayers/Fact Check
It is explained in entirely there, unbiased.
What we want to do here in the U.S. is support this icon company. That way, taxpayers will have nothing to fear. The government will have all it's money back plus large interest payments (which they have already gotten).
Since payments have to be prorated between principle and interest, it's likely if we calculated the interest as principle, the loan would be most likely, prnciple wise, paid in full or nearly.
We can't not support General Motors because of partisan reasons and not use logic this is a great, long living American company that employs thousands of workers and their plans to expand will employ alot more. Let's support GM and start driving GM cars again like people did before they knew what a Japanese or Korean car looked like, nor did they care, back when times were good. Partisan politics will never replace good ole' common sense.
yeahhhhh....if interest was calculated as principal we wouldn't have so many Americans going into foreclosure....and the only mortgages would be those made by the government.
I will never again buy a GM automobile....

Since: Sep 10

Location hidden

#22 Sep 29, 2012
HelpMe Gov wrote:
I harvested corn, beans and pumpkins from my garden.
In order to harvest those rewards I had a lot of sweat and expense.
This summer was very dry(Bush's fault) and the cost to water was equal to if not exceeding my return. If I counted ferts and time I would be breaking even at best.
The pumpkins grown for my GDaughter and harvested were of great size. My GDaughter was pleased with the harvest. She knew how much hard back breaking work it takes to get to the point of harvest.
The neighbors sure enjoyed the harvest. They contributed nothing and received almost an equal amount of produce(the democrats).
So the next time some moron tries to tell you the farmer or owner is only there at harvest time? You can tell them they are FOS and you will vote for the man willing to help his neighbors by growing a business worth "harvesting."
The Janesville plant is an example of obammy and GM "harvesting" profits from the workers and sending them to China.
Brilliant!

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