Bain of Obama He is getting giant funds from folks on the board of Bain.. Dissing them at the same time..
iamnothere
2012/07/04 12:06:59
Typical Two Faced Obama nothing new but it is very VERY funny
While their candidate is out bashing Mitt Romney's Bain Capital as a job outsourcer and greedy corporate raider, President Obama's campaign is endorsing the essence of one of Bain's biggest success stories, low-price office supply store Staples.
Created in a 1986 partnership with Bain during Romney's leadership at the private equity firm, Staples was so successful Bain received a near seven-fold return on its investment and Romney sat on the Staples board of directors for over a decade.
The idea was a simple one: sell office supplies for less and direct to companies and everyday Americans.
Team Obama turns out to be a big fan, spending $17,963.04 at Staples this year alone, according to Federal Election Commission reports. The Obama campaign just doesn't walk into stores to shop, it also participates in the Staples Advantage business-to-business market where a majority of the spending went.
And the endorsement of Bain-backed super-stores doesn't end there. The campaign in February also spent $199.99 at Sports Authority which the Romney firm also backed.
While their candidate is out bashing Mitt Romney's Bain Capital as a job outsourcer and greedy corporate raider, President Obama's campaign is endorsing the essence of one of Bain's biggest success stories, low-price office supply store Staples.
Created in a 1986 partnership with Bain during Romney's leadership at the private equity firm, Staples was so successful Bain received a near seven-fold return on its investment and Romney sat on the Staples board of directors for over a decade.
The idea was a simple one: sell office supplies for less and direct to companies and everyday Americans.
Team Obama turns out to be a big fan, spending $17,963.04 at Staples this year alone, according to Federal Election Commission reports. The Obama campaign just doesn't walk into stores to shop, it also participates in the Staples Advantage business-to-business market where a majority of the spending went.
And the endorsement of Bain-backed super-stores doesn't end there. The campaign in February also spent $199.99 at Sports Authority which the Romney firm also backed.
Top Opinion
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Southern Man 2012/07/04 12:23:21
Sorry, skunks.
A big part of the reason we still are in a depression is exactly the acts by US Treasury Sec Geithner to destroy the real estate and construction markets, while covering the banks' losses. That destruction led to the current downturn in manufacturing, as construction fuels manufacturing throughout the economy.
I look at Romney no differently than I would look at a used car salesman in town. If I knew for a fact that that salesman sold a lemon every fifth car, and he knew it was a lemon, then I wouldn't go near the place. Romney at this moment is attempting the sale of a lemon on a grand scale to the American people, and it looks like about half the population is wanting to buy it, and that's very unfortunate.
Bain Capital is a private investment company. It seeks out businesses that need investment money to either grow or are in danger of going belly-up but have significant non-monetary assets. Those businesses that have a viable business plan but need money to make it work grow and are successful after Bain buys in. Those whose business plan is flawed, whose management is poor, may have their assets sold and the company closed or rolled into another company.
Typically, capital investment firms like Bain step into situations where a business needs help. Not all businesses are viable. A percentage of the businesses they invest in need to be closed and the assets sold to someone else. When such capital investment firms buy a business, its investment keeps good businesses in business and jobs ongoing, or it keeps a bad business from going under immediately and stiffing creditors with big losses and employees with unpaid wages.
Please send me a link to the case you cite here. I would like to research it.
The Obama government does far worse. US Sec. Tim Geithner sent US Treasury officials to banks that had made excessive real estate and construction loans and ORDERED them to get out of those EXISTING loans (see National City Bank board minutes, 2008) by any means possible, handing out TARP money to the ones that did the most damage to those industries.
Loans that funded construction projects big and small across the nation were suddenly called for no reason but that the courts decided the banks "...had the right to do so.." and that verbal fraud evidence would not be heard. (See Federal Court of Appeals ruling in Chicago)
The Federal Reserve of St. Louis now reports that 22% of the jobs destroyed by the "banking" crisis were construction jobs, and said that it did not have the means to determine the percentage of related industry jobs that were indirectly a result, and . our manufacturing...
Please send me a link to the case you cite here. I would like to research it.
The Obama government does far worse. US Sec. Tim Geithner sent US Treasury officials to banks that had made excessive real estate and construction loans and ORDERED them to get out of those EXISTING loans (see National City Bank board minutes, 2008) by any means possible, handing out TARP money to the ones that did the most damage to those industries.
Loans that funded construction projects big and small across the nation were suddenly called for no reason but that the courts decided the banks "...had the right to do so.." and that verbal fraud evidence would not be heard. (See Federal Court of Appeals ruling in Chicago)
The Federal Reserve of St. Louis now reports that 22% of the jobs destroyed by the "banking" crisis were construction jobs, and said that it did not have the means to determine the percentage of related industry jobs that were indirectly a result, and . our manufacturing industry job woes today are continuing because of that decision.
All of those workers lost their jobs, their pensions and, for many, their homes, while the bankers and officials (including bank regulators) bought up valuable property for pennies on the dollar, all courtesy of the Obama administration.
Yeah we have a real lemon in the WH.. At least with Mitt we have a person who knows how to build the economy and cut losses when they are right there in your face.. to bad you are so far up Obamas butt that you cannot see the greater of two bad choices
Obama upped the payouts to the banks, setting up special rules to allow US Treasury Sec. Tim Geithner to pay off his buddies, to set up conditions to receive taxpayer money at will and make sure that the big banks and corporations who got it were funneling it back to the Obama coffers.
He basically allowed the Democrat-led Congress to dictate domestic policy in exchange for a freer hand in foreign affairs.
BTW, where is the link to the Bain Capital case that you referenced?
The senate under Reid has not taken up any of the bills.. you are showing your ignorance once again.. how anyone can be so proud of their ignorance is astounding