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.
@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.
@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.
To the truth 6:49 p.m. Sept. 1, 2012You 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.
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.
@comrade kosimovAll 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!
RE: Furry1993So 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.
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!
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
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.