Is Romney a “Predatory Corporate Raider”?

Jan 10, 2012 Full story: online.wsj.com 232

Politics Staff Story

Romney has staked his campaign on his business experience and job creation record as CEO of Bain Capital. But a new campaign ad for Newt Gingrich lays into Romney as a

“Wall Street corporate raider” who “got rich at the expense of American Workers.”

The ad features Americans who lost their homes after being laid off by Bain under Romney's leadership.

The Wall Street Journal reports that there’s substance to the accusations. With Romney at the helm, over one fifth of companies Bain invested in went bankrupt or closed down within eight years of the company's involvement.

But conservative pundit Michelle Malkin points out that Newt’s attacks on Romney are also attacks on capitalist enterprise. She writes that

“incompetent non-Romneys have morphed into Michael Moore propagandists — throwing not just Bain Capital under the bus, but wealth creators of all kinds who take risks in the private marketplace.”

Weigh in: is Romney a “predatory corporate raider” or a legitimate wealth creator?

Full Story

Since: Nov 08

Location hidden

#213 Jan 13, 2012
tha Professor wrote:
<quoted text>
None of that's actually true. The government prevented mass layoffs, and the car companies themselves closed the dealerships because they had far too many. Most if not all of the cost of their bailout has been paid back, too.
Romney's "dime" came from destroying jobs. Don't know how that makes him equivalent to Obama or his administration.
hahahahah yep, and did you know that virtually everyone closed was a GOP backer........not a DNC contributor. Some were the oldest dealerships in their states, one in the nation........then wham good by so long tell your employees to get screwed. By the way Obama told them to cut their numbers and make sure it was not people that donated to the DNC or him.

Since: Nov 08

Location hidden

#214 Jan 13, 2012
tha Professor wrote:
<quoted text>
None of that's actually true. The government prevented mass layoffs, and the car companies themselves closed the dealerships because they had far too many. Most if not all of the cost of their bailout has been paid back, too.
Romney's "dime" came from destroying jobs. Don't know how that makes him equivalent to Obama or his administration.
You know not what you say.

“Shoot for the stars”

Since: Dec 10

Planet Earth

#215 Jan 13, 2012
Always Thinking wrote:
<quoted text>
Is part of the clean up adding another 1.2 trillion dollars to the deficit, this will make it somewhere around 5.5 trillion added to the debt?
http://youtu.be/-skTuaIsqZA
Now, why do you think that is? Because your last republican messiah, Bush, left the country in debt, a war, buisinesses going bankrupt, bubble bursting housing market, etc.......that was all onhis watch. I'm sure you ran to the bank with that check Bush sent you and everybody else across the country too. Bush left the office laughing and laying low from his republican trash works he left behind knowing the next President will get the heat for it. President Obama had to have the debt cieling raised and bailout big businesses because a hell of a lot more people would have been out of a job than there are now. Besides, all that money is almost all paid back. It was Bush's big business friends he was protectimg and turning a blind eye to.
NotAFan

Quinton, VA

#216 Jan 13, 2012
Don't like this guy... Hope it's not a choice between Romney, Newt or Obama.(Shoot me now)... and of course Romney is a vulture. Bain is nothing more than a corporate payday lender. They're not in the business of helping struggling companies and creating jobs, they are in the business of making money. Whether the company survives or gets sold off piece by piece, they get paid. First thing that happens when they come in is to "restructure", ie. pc term for massive layoffs. Saying this isn't anti-Republican or anti-capitalism. Capitalism is earning an honest pay for an honest day's work... something Romney and Newt know nothing about.

Romney should own up to it. He does love to "fire people", cause that's how he made his money. Don't like this flip-flopping, Obama-care template creator RINO. Can we please NEXT him?(We are so screwed with our potential Republican nominee... arrgggghh...)

Since: Dec 11

Cookeville, TN

#218 Jan 14, 2012
tha Professor wrote:
<quoted text>
That's your -opinion-, not a "definition." Maybe you need to look up what the meaning of the word "definition" is?
Your post sounded a bit shrill. Might wanna tone it down a bit.
Professor, while I agree with your points, you do know that you're talking to a Republican wall, right?
Always Thinking

Warrensburg, MO

#219 Jan 14, 2012
x0x0x wrote:
<quoted text>Well, gollllly gee, Never thinking....
How is he supposed to pay for the Bush
tax cuts that Congress forced him to re-instate?
Those cuts come no where near what he has spent. I see people are still harping on Bush but never talk about the things Clinton did which had to be paid for when Bush came into office.
Always Thinking

Warrensburg, MO

#220 Jan 14, 2012
tha Professor wrote:
<quoted text>
None of that's actually true. The government prevented mass layoffs, and the car companies themselves closed the dealerships because they had far too many. Most if not all of the cost of their bailout has been paid back, too.
Romney's "dime" came from destroying jobs. Don't know how that makes him equivalent to Obama or his administration.
I could be wrong but what does it cost the car manufacturer for a dealership, I was under the understanding dealerships paid a franchise fee, paid for the building and everything associated with the dealership all for the right to sell the car.

“BILLARY 2016 ”

Since: Aug 07

Location hidden

#221 Jan 15, 2012
cjrian wrote:
<quoted text>
EVERY major income tax rate cut since Harding has resulted in greater revenue, especially from those who received the greates rate reduction
Harding, JFK, Reagan, GW
Every hike in taxes fails to realize projected revenues
The 10% "Luxury Tax" of the early 90's is one of the best examples of this. This tax cost more to enforce than was realized while putting many companies out of business and employees in the unemployment line. A smaller example is the recent Chicago tobacco tax hike, resulting in less revenue (and greater enforcement costs) than before the tax hike.
Soooo, if rate cuts result in GREATER revenue, how can that be counted as LESS revenue?
========
BTW, the race narrative seems to be an all purpose excuse for Obama's failures.
It is POLICIES and success or failure of those policies that count, not melanin. Tax-n-spend policies suck funding, growth and motivation OUT of an economy, especially when the taxation is punitive, and the spending is counter-productive. Obama's "best" moth for job creation is 200,000 jobs (soon to be readjusted downward). In August, 1983, alone, 1.1 MILLION jobs were created, even though the population was 2/3 the size of 2011's population. It would take Obama's economy, at it's absolute best, 5 1/2 months to match 1 month of the Reagan recovery - 8 months when adjusted for population growth.
toots, we're not telling Obama how to hold the mop.
We're telling him to quit pouring mud on the floor.
I guess if all you know about history regarding the economy is that cutting taxes stimulates the economy, than you MUST know that no President in American HISTORY has every taken us to WAR, let alone TWO WARS, WITHOUT RAISING REVENUES ie: TAXES.

EVER.

44 American Presidents and NONE of them took us to war with out raising taxes.....EXCEPT MONKEYBOYBUSH.

Dick and Bush were too busy golfing and hiding out in bomb shelters to see or even CARE that we were headed for a depression.
They just WAR MONGERED BILLION$ and CUT and RAN like the draft dodging cowards that they really are.

May karma have very big plans for both of them.

“BILLARY 2016 ”

Since: Aug 07

Location hidden

#222 Jan 15, 2012
Always Thinking wrote:
<quoted text>
Those cuts come no where near what he has spent. I see people are still harping on Bush but never talk about the things Clinton did which had to be paid for when Bush came into office.
I think your math skills are challenged and so is your memory. Clinton left us with a surplus which Bush erased his first year in office. Bush then took us into two wars, initiated tax cuts and then everyone is shocked that the debt is skyrocketing?

No president in AMerican history has taken us to war, let alone two wars, and not raised taxes. NO PRESIDENT.

Obama has seen the debt rise $1 trillion every year.
Obama knows the Bush tax cuts cost Americans $800,000,000,000 and he fought to terminate them but the GOP wouldn't even consider it because all they are worried about is re-election and getting the black man out of the white house.

You DO know that $800 billion is approx 80% of the debt every year, right?

Again, send your complaints to bush.
He's the one who screwed us all.
But hey, Saddam is dead and that's all that matters right?
Not that it contributed to our growing debt for the
next generation...nope....

“Pay the toll”

Since: Jan 10

or meet the troll

#223 Jan 15, 2012
Always Thinking wrote:
<quoted text>
Those cuts come no where near what he has spent. I see people are still harping on Bush but never talk about the things Clinton did which had to be paid for when Bush came into office.
Clinton left a surplus. We have to "pay" for the payroll tax but Bush's senior drug program was unfunded. The only good thing Bush did was a talking dog and baked beans.

Since: Jul 11

Location hidden

#224 Jan 16, 2012
Le Jimbo wrote:
New Obama Chief of Staff: Former Hedge Fund Exec at CITI, Made Money off Mortgage Defaults...Obama still in Wall Streets Pocket.
Obama: Republicans Threaten 'Very Core of What This Country Stands For'... The liar in chief speaks about civility……hahahaha.
Forget the $3 lunch, Obama charges $45,000 per head in no-press-allowed fundraiser...hahahahaha so much for transparency
Michelle distressed about power of 'white Irish Catholic'...Michele the Racist……….my my dooooos Irish white folks doan buy Barrack’s crap no mo.
"Documents obtained by government watchdog group Judicial Watch reveal that in an October 13, 2008, meeting with executives from 9 major American banks, Paulson told bankers that they would be forced to accept government bailout money, whether they wanted it or not.[34] One of the documents, a talking points memo, gave bankers the ultimatum: "If a capital infusion is not appealing, you should be aware that your (FDIC) regulator will require it in any circumstance." The logic was that if everybody were forced to accept the money, then stakeholders in the market would not be able to identify which banks really needed the money, as opposed to those that did not, thereby making it harder for depositors, investors, or analysts to identify which banks were most vulnerable."
Go Blue

West Palm Beach, FL

#225 Jan 16, 2012
Always Thinking wrote:
<quoted text>
I could be wrong but what does it cost the car manufacturer for a dealership, I was under the understanding dealerships paid a franchise fee, paid for the building and everything associated with the dealership all for the right to sell the car.
You are not wrong....thats how it works....plus, exclusivity of an area.....

“Science not Conservatism”

Since: Jan 12

Progress, not Denial

#226 Jan 16, 2012
Le Jimbo wrote:
<quoted text>hahahahah yep, and did you know that virtually everyone closed was a GOP backer........not a DNC contributor. Some were the oldest dealerships in their states, one in the nation........then wham good by so long tell your employees to get screwed. By the way Obama told them to cut their numbers and make sure it was not people that donated to the DNC or him.
You realize, don't you, that you need to PROVE those claims true?
Non welfare lefty

Nocona, TX

#227 Jan 16, 2012
Always Thinking wrote:
<quoted text>
Is part of the clean up adding another 1.2 trillion dollars to the deficit, this will make it somewhere around 5.5 trillion added to the debt?
http://youtu.be/-skTuaIsqZA
Yes that is part of the plan. When we went into the great depression our government spent alot of money getting the country out of it.
HTS

Williston, ND

#228 Jan 16, 2012
NotAFan wrote:
Don't like this guy... Hope it's not a choice between Romney, Newt or Obama.(Shoot me now)... and of course Romney is a vulture. Bain is nothing more than a corporate payday lender. They're not in the business of helping struggling companies and creating jobs, they are in the business of making money. Whether the company survives or gets sold off piece by piece, they get paid. First thing that happens when they come in is to "restructure", ie. pc term for massive layoffs. Saying this isn't anti-Republican or anti-capitalism. Capitalism is earning an honest pay for an honest day's work... something Romney and Newt know nothing about.
Romney should own up to it. He does love to "fire people", cause that's how he made his money. Don't like this flip-flopping, Obama-care template creator RINO. Can we please NEXT him?(We are so screwed with our potential Republican nominee... arrgggghh...)
Your cheap class warfare rhetoric indicates to the world that you're nothing less than a garden-variety, spineless Marxist who believes that the indolent of society have the right to plunder and pillage from those who have succeeded.

“Science not Conservatism”

Since: Jan 12

Progress, not Denial

#229 Jan 16, 2012
HTS wrote:
<quoted text>Your cheap class warfare rhetoric indicates to the world that you're nothing less than a garden-variety, spineless Marxist who believes that the indolent of society have the right to plunder and pillage from those who have succeeded.
That's in keeping with the kind of "thinking" that pegs Obama as a "Marxist," too. Even moderate Republicans qualify as "Marxists" to the wacko wing.

Since: Dec 11

Cookeville, TN

#230 Jan 16, 2012
NotAFan wrote:
Don't like this guy... Hope it's not a choice between Romney, Newt or Obama.(Shoot me now)... and of course Romney is a vulture. Bain is nothing more than a corporate payday lender. They're not in the business of helping struggling companies and creating jobs, they are in the business of making money. Whether the company survives or gets sold off piece by piece, they get paid. First thing that happens when they come in is to "restructure", ie. pc term for massive layoffs. Saying this isn't anti-Republican or anti-capitalism. Capitalism is earning an honest pay for an honest day's work... something Romney and Newt know nothing about.
Romney should own up to it. He does love to "fire people", cause that's how he made his money. Don't like this flip-flopping, Obama-care template creator RINO. Can we please NEXT him?(We are so screwed with our potential Republican nominee... arrgggghh...)
I'm voting for Grayson/Sanders. Any politico who can afford to drop 45 million of his own money trying to get a job that pays whats, 400K a year, and not miss it, who made those millions stickign it to the lower and middle class, ain't the guy who should be in office to represent us.
Non welfare lefty

Nocona, TX

#231 Jan 16, 2012
tha Professor wrote:
<quoted text>
That's in keeping with the kind of "thinking" that pegs Obama as a "Marxist," too. Even moderate Republicans qualify as "Marxists" to the wacko wing.
Everyboby in the nutjob area of the right believe anything tax dollars pay for is socialism. I don't think they paid attention in class on how government provides services.

Since: Dec 11

Cookeville, TN

#232 Jan 16, 2012
Why does the media love Mitt Romney? Because Bain Capitol owns Clear Channel, thats why.

The deal in which Bain Capital became one of the owners of Clear Channel was initiated just a short time before Mitt Romney's first run for president. The following comes from Wikipedia....

On November 16, 2006, Clear Channel announced plans to go private, being bought out by two private-equity firms, Thomas H. Lee Partners and Bain Capital Partners for $18.7 billion, which is just under a 10 percent premium above its closing price of $35.36 a share on November 16 (the deal values Clear Channel at $37.60 per share).
The deal was finalized in 2008. Today, Bain Capital is still one of the primary owners of Clear Channel.

One of the subsidiaries of Clear Channel is Premiere Radio Networks.

Premiere Radio Networks distributes a whole host of conservative talk radio shows. Everyone in the conservative world knows names such as Rush Limbaugh, Sean Hannity and Glenn Beck. Clear Channel also controls some other conservative talk radio hosts (such as Michael Savage and Mark Levin) that are not part of the Premiere Radio family.

The power that Premiere Radio Networks has is absolutely staggering. The following is directly from the official Clear Channel website....

Premiere Radio Networks Inc., a subsidiary of Clear Channel Communications, syndicates 90 radio programs and services to more than 5,000 radio affiliations and reaches over 190 million listeners weekly. Premiere Radio is the number one radio network in the country and features the following personalities: Rush Limbaugh, Jim Rome, Casey Kasem, Ryan Seacrest, Glenn Beck, Bob (Kevoian) & Tom (Griswold), Delilah, Steve Harvey, Blair Garner, George Noory, John Boy and Billy, Big Tigger, Dr. Dean Edell, Bob Costas, Sean Hannity and others. Premiere is based in Sherman Oaks, California, with 13 offices nationwide.

http://endoftheamericandream.com/archives/bai...

The fix was always in. These endless debates are jsut bread and circuses.

“Science not Conservatism”

Since: Jan 12

Progress, not Denial

#233 Jan 17, 2012
Bladesmith wrote:
Why does the media love Mitt Romney? Because Bain Capitol owns Clear Channel, thats why.
The deal in which Bain Capital became one of the owners of Clear Channel was initiated just a short time before Mitt Romney's first run for president. The following comes from Wikipedia....
On November 16, 2006, Clear Channel announced plans to go private, being bought out by two private-equity firms, Thomas H. Lee Partners and Bain Capital Partners for $18.7 billion, which is just under a 10 percent premium above its closing price of $35.36 a share on November 16 (the deal values Clear Channel at $37.60 per share).
The deal was finalized in 2008. Today, Bain Capital is still one of the primary owners of Clear Channel.
One of the subsidiaries of Clear Channel is Premiere Radio Networks.
Premiere Radio Networks distributes a whole host of conservative talk radio shows. Everyone in the conservative world knows names such as Rush Limbaugh, Sean Hannity and Glenn Beck. Clear Channel also controls some other conservative talk radio hosts (such as Michael Savage and Mark Levin) that are not part of the Premiere Radio family.
The power that Premiere Radio Networks has is absolutely staggering. The following is directly from the official Clear Channel website....
Premiere Radio Networks Inc., a subsidiary of Clear Channel Communications, syndicates 90 radio programs and services to more than 5,000 radio affiliations and reaches over 190 million listeners weekly. Premiere Radio is the number one radio network in the country and features the following personalities: Rush Limbaugh, Jim Rome, Casey Kasem, Ryan Seacrest, Glenn Beck, Bob (Kevoian) & Tom (Griswold), Delilah, Steve Harvey, Blair Garner, George Noory, John Boy and Billy, Big Tigger, Dr. Dean Edell, Bob Costas, Sean Hannity and others. Premiere is based in Sherman Oaks, California, with 13 offices nationwide.
http://endoftheamericandream.com/archives/bai...
The fix was always in. These endless debates are jsut bread and circuses.
One more reason to hate Romney..

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