Forum Post: Romney for President in 2012
Posted 12 years ago on Feb. 3, 2012, 11:46 a.m. EST by TimMcGraw
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He has a solid track record for being able to get things done and turn companies around.
Ummm...no.
sure he does, or do the lib's make you think different?
LOL, reality makes me think different.
From profit to bankruptcy.
you really believe that dont you? i wonder how some people can think that if you buy a company and it goes bankrupt then you make money.. you've obviously never bought anything and resold it for profit..
Hmmmm, Bain Capitol,
That loud pop you hear is your head trying to exit your ass for the first time in your life. Roughly 17 of the 77 companies Mit turned around turned to bankruptcy.
If you need ear muffs to lower the volume and still the draft you now feel, you should try your local walmart.
WSJ - A far right wing conservative leaning hog swapping bunch;
Amid anecdotal evidence on both sides, the full record has largely escaped a close look, because so many transactions are involved. The Wall Street Journal, aiming for a comprehensive assessment, examined 77 businesses Bain invested in while Mr. Romney led the firm from its 1984 start until early 1999, to see how they fared during Bain's involvement and shortly afterward.
Among the findings: 22% either filed for bankruptcy reorganization or closed their doors by the end of the eighth year after Bain first invested, sometimes with substantial job losses. An additional 8% ran into so much trouble that all of the money Bain invested was lost.
Another finding was that Bain produced stellar returns for its investors—yet the bulk of these came from just a small number of its investments. Ten deals produced more than 70% of the dollar gains.
Some of those companies, too, later ran into trouble. Of the 10 businesses on which Bain investors scored their biggest gains, four later landed in bankruptcy court.
Believe anything you want, as facts are not necessary. But when you look at the facts ... the only conclusion is you are an idiot.
He did admit that Mit bankrupted these companies, costing all the employees their jobs and did so for a profit.
It was just business.
IMO we need less lipservice from Presidents and some real progress in America. Enough of this BS.
hes a one percent millionaire, they cannot possibly understand what we the people are going thru, I'd rather have joe the plumber represent me than another millionaire, or another lifelong government employee.
they might not be able to sympathize with you like a poor person would, but they know what to do to get more jobs created. Romney has turned around many struggling companies.
who would you rather run your country? someone who is poor but doesn't have credentials or vice versa?
Romney’s Bain Capital Made Billions While Bankrupting Nearly One-Quarter Of The Companies It Invested In
Last week, Reuters profiled one company, Worldwide Grinding Systems, that went belly up after Bain invested in it. The company not only lost 750 jobs, but the federal government had to come in to bail out its pension fund, while Bain walked away with millions in profits.
And according to an analysis by the Wall Street Journal, this was far from an isolated incident. In fact, 22 percent of the companies in which Bain invested wound up either in bankruptcy or shutting their doors entirely, while Bain itself has made billions of dollars for its investors.
Adding insult to injury, Bain would hide its profits in tax havens, not even paying the rate it was supposed to on the profits it made laying off workers.
Romney has tried to spin his firm’s record of destruction as simply the way “free enterprise” works, claiming that Bain, overall, created 100,000 jobs. However, the campaign recently admitted that the 100,000 statistic is bogus, cherry-picked from a few successful ventures. One of Romney’s former partners at Bain has even said, “I never thought of what I do for a living as job creation …The primary goal of private equity is to create wealth for your investors.”
Yes he has. He turned these companies from a company with a profit to a company in Bankruptcy and earned a profit from doing it.
If you enjoy unemployment and destroying companies, ole Mit is your go to man.
romney never started his own business and stuck it out from beginning until present. A man who had tried to do it himself would know how things really work in this country and how society is dead set against small business growth. There is always an exception to this, Mark Zuckerberg who made facebook would be a more qualified president and would more fairly represent we the people than romney. He is setting up his business to be revolutionary as google and the internet itself. Leaders should be exceptional people, not lifelong gov employees with no morals who cheat on their spouses, like we have seen with clinton and gingrich. If these are our best, wo is us.
Actually Tim McGraw is an Obama Bot.
this brings hope for things to change
yeah, it's gonna be soo nice in nov..
a double plus time