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Comments about ‘Bain testimonials, Rolling Stone reports present contrasting views of Mitt Romney and his company’

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Published: Friday, Aug. 31 2012 6:53 p.m. MDT

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kosimov
Riverdale, UT

Well, looky here! Rolling Stone claims Romney is a monster. What a dazzling surprise! I always thought Rolling Stone was a staunchly conservative commenter on American life! NOT!

All it means when one source or another spews out the same old lines which the Obama campaign originates and happily shares with others who are on the progressive-liberal-way left bandwagon is just that the source of the distortions and outright lies is on the Obama team, and is happy to reiterate the same old drivel the Obama team puts out. They have no choice - there is nothing else to do. They cannot cite the sterling Obama record, or the hopeful signs that the country is about to turn the corner to recovery, because they don't exist. And they cannot find true, substantiated statements about Romney doing this or that evil did, because likewise, they don't exist. So what is left is just to echo the untruths being peddled by the Obama team in hope they can make Romney appear dirty enough to scare people into voting for Obama. Fat chance; Obama has been found out; he is all talk and no walk.

RandomTraveler
Livermore, CA

This article need not have been published! What purpose is there to give credence to an obviously slanted and error filled article. Those who believe in big government and having government do it all and take all care of us are running on bankrupt ideas. Rolling Stones magazine needs to stay within their realm and that is reporting on entertainment and music not current affairs. There are several articles in today's paper that are in poor taste.
The article about the choice between a football game and the potential turnaround of this country is a no-brainer. I love BYU just as much as anyone else and since I do not have the luxury of cable or satellite TV and rely on broadcast television. I chose to watch the Republican National Convention and the important issues involved. Football games will always be around but we only have a limited amount of time to get this country turned around before it falls off the cliff of bankruptcy.
The article about the fact checkers is also in poor taste as well as the article that paints a dismal picture of the Republican party.

Furry1993
Clearfield, UT

How does a "vulture capitalism" firm like Bain work? In a nutshell, for most of the companies involved (agrreed, there are some exceptions), it's nothing more or less than planned bankruptcy. A private equity firm like Bain looks for companies that have a strong underlying business but are in distress thanks to heavy debt burdens. The investors then take over the company. Investors use their control of the firm to take on more debt, while at the same time cutting costs by laying off workers. Cash from the loans and cost savings are funneled back to the investors. This looting continues until the company can't pay its debts. When it finally collapses, the company files for bankruptcy to extinguish the debt -- but private equity investors get to keep the gains they've already reaped.

Do we need someone to do this to our country? NO WAY!

the truth
Holladay, UT

RE: Furry1993

So with ALL that debt how do they actually make money?

I am not so sure you understand anything.

If a company fails you must sell its assets to pay any liabilities they have.
It's not pretty but that is life.

Investors do not make money unless company succeeds

Romney does NOT draw a paycheck from individual companies he gets paid by Bain based on returns on investments.

Spewing leftest nonsense serves no one.

There You Go Again
Saint George, UT

@comrade kosimov

All it means when one source or another spews out the same old lines which the romney campaign originates and happily shares with others who are on the republican-conservative-way right bandwagon is just that the source of the distortions and outright lies is on the romney team, and is happy to reiterate the same old drivel the romney team puts out.

It's not a lie if you believe it!

NeilT
Clearfield, UT

Torch the company and then collect insurance money. Does Rolling Stone have any evidence of this. I would love to see it. That is a serious accusation. If true which I seriously doubt Romney would be doing time in a federal prison not running for President. I wonder how many companies Bain took over are still viable today. I still see Staples stores. I wonder how many others. I heard Sports Authority is another. I could be wrong on that one.

Furry1993
Ogden, UT

To the truth 6:49 p.m. Sept. 1, 2012

You paint a prety picture, but that's not "the truth" concerning how Bain worked. Here is the REAL truth for a typical Bain asset (this is not true for all of them). What you missed, or don't want to say, is the fact that the Bain executives (like Mitt) get their very large rake-offs first. They collect a huge fee when the company is purchased; they collect a huge fee for any financing obtained; they collect a huge management fee on a regular basis during the time Bain owns the company, etc., etc., etc. Anything that the Bain executives can do to suck the company dry is done. The Bain executives get their megabucks first, then the Bain investors, and finally the shareholders and employees of the company get whatever slim pickings are left. When the compny is drowning in debt, and finally goes into bankruptcy, the shareholders and employees are left "holding the bag" but the Bain executives and investors don't have to pay back even a penny of the money and assets they sucked out of the company. Sad but true.

LetsDebate
PLEASANT GROVE, UT

@Furry1993 - what is sad but true is that you don't have a clue about Bain Capital, yet pretend to be an expert. Bain is the gold standard of the private investment and asset management industry, widely respected by everyone who actually understands not only the role of such investment firms, but the stellar manner in which Bain operated. Only those with a vested interest in defeating Romney mischaracterize it the way you have done.

I wonder if Obama's top campaign bundler Jonathan Levine, who led Bain Capital when all the outsourcing was being done, feels the same as you about how Bain operates.

sergio
Phoenix, AZ

@LetsDebate - it is very political the way you accuse others of not knowing what they are talking aboout and being wrong in what they are saying, but you don't give what you think is a correct answer or point out the faults of what you critizes. You sound a lot like Romney. So man up and tell us the way things really are; if you know, it would be good to hear it.

Don't Feed the Trolls
Salt Lake City, UT

This election is an IQ test, or more accurately a re-test. America failed the test in 2008. If America fails the test in 2012, it won't be just a failed test, we'll have a failed America.

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