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Romney takes credit for Success of Auto Bailout... Can we take anything he says seriously?

Met 2012/05/08 15:50:57
You do realize the frontal lobe of the cerebral cortex allows us to store and recall information right?
Romney deserves credit for Obama's accomplishments, and if we elect him, we'll be sure to give it to him.
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It’s a common thing for a presidential candidate to pontificate about an issue of the day. It’s quite another for one to take credit for something he had no discernible role in.

But that isn’t stopping Mitt Romney. On Monday, in an interview with Cleveland‘sWEWS-TV, Romney said, “I’ll take a lot of credit” for the revival of the Detroit companies that went through federally sponsored bankruptcies.

As Justin Hyde onMotoramic put it, “It’s too bad for Romney that Al Gore invented the Internet so we could keep track of what actually happened.”

Read More: http://www.forbes.com/sites/michelinemaynard/2012/...

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  • Tedster 2012/05/12 18:22:54
    You do realize the frontal lobe of the cerebral cortex allows us to store and...
    Tedster
    +1
    The fact that Romney's attempted to co-opt the credit for this isn't even the weird part. The weird part is that his spoon fed sychophants will claim that he's right and assiduosly defend him. There's something in an extremist rt wing nut's DNA what tells them to blindly and stupidly press on regardless of what the truth or the facts are. If he were Pinochio just imagine how long his nose would be?!
  • whitecollar 2012/05/10 03:30:42 (edited)
    You do realize the frontal lobe of the cerebral cortex allows us to store and...
    whitecollar
    +1
    Romney is not fooling anyone. He has no credibility.
  • wildcat 2012/05/10 01:42:29
    You do realize the frontal lobe of the cerebral cortex allows us to store and...
    wildcat
  • HAlex1972 2012/05/09 23:35:29
    You do realize the frontal lobe of the cerebral cortex allows us to store and...
    HAlex1972
    +1
    Romney is a moron.
  • HL 2012/05/09 21:24:55
    You do realize the frontal lobe of the cerebral cortex allows us to store and...
    HL
  • Grace 2012/05/09 19:19:12
    You do realize the frontal lobe of the cerebral cortex allows us to store and...
    Grace
    +2
    Romney does not have a clue about anything. He deserves no credit for the auto bailout. He seems to have forgotten that he said in an oped.....let Detroit die. He lies about everything.
  • C. C. Rider 2012/05/09 18:34:10
    You do realize the frontal lobe of the cerebral cortex allows us to store and...
    C. C. Rider
    +4
    detroit go bust detroit go bust

    and now we see who saved thousands of jobs and made money or our country


    obama saves chrslyer saved jobs money country

    Romney has a long history of crash and burn when it comes to our jobs. Don't like your job? Don't worry Romney will get rid of it.



    romney bankrupt bain
  • David L... C. C. R... 2012/05/09 19:52:27
    David Lindner
    how many jobs did he create and companies did he start. oh yeah, thats a biased meme
  • C. C. R... David L... 2012/05/09 20:52:45
    C. C. Rider
    +2
    I am sure the ones who lost their jobs do not see it that way at all. The jobs went over seas and Mexico.
  • Jeremiah David L... 2012/05/09 21:00:31
    Jeremiah
    +1
    He started no companies and he created no jobs. He liquidated companies and fired their employees.
  • David L... Jeremiah 2012/05/09 21:03:46
    David Lindner
    well thats a flat out lie:

    There are two ways to look at job creation. The first is to look at jobs created and lost in Bain Capital’s companies at the time Romney left Bain Capital at the beginning of 1999. The second is to look at jobs created and lost in those same companies today. This gives Romney and Bain Capital credit for having invested in those companies when they were young. It is inappropriate to include companies that Bain Capital invested in after Romney left because he did not have any impact on those investments.

    While it is difficult, if not impossible, to get employment data on all of Bain Capital’s investments, and not all of the data are perfect, it is possible to look at some of the successes and failures to get a sense of magnitudes.

    Among Bain Capital’s investments under Romney, the large job creators are clearly Staples and Sports Authority. Both of these were small, young companies when Bain Capital invested in them. Bain invested in Staples when it had only one store, so there were likely fewer than 200 employees at the time. Bain appears to have invested in the Sports Authority when it had fewer than ten stores. Unfortunately, there are no public data to say how many people were employed at that time. At the end of 1998, Staples had more than 42,000 e...






    well thats a flat out lie:

    There are two ways to look at job creation. The first is to look at jobs created and lost in Bain Capital’s companies at the time Romney left Bain Capital at the beginning of 1999. The second is to look at jobs created and lost in those same companies today. This gives Romney and Bain Capital credit for having invested in those companies when they were young. It is inappropriate to include companies that Bain Capital invested in after Romney left because he did not have any impact on those investments.

    While it is difficult, if not impossible, to get employment data on all of Bain Capital’s investments, and not all of the data are perfect, it is possible to look at some of the successes and failures to get a sense of magnitudes.

    Among Bain Capital’s investments under Romney, the large job creators are clearly Staples and Sports Authority. Both of these were small, young companies when Bain Capital invested in them. Bain invested in Staples when it had only one store, so there were likely fewer than 200 employees at the time. Bain appears to have invested in the Sports Authority when it had fewer than ten stores. Unfortunately, there are no public data to say how many people were employed at that time. At the end of 1998, Staples had more than 42,000 employees, Sports Authority had almost 14,000, Gartner Group had almost 3,000, and Steel Dynamics had over 500. So at the beginning of 1999, when Romney left Bain Capital, these four companies alone employed almost 60,000 total employees. While some of the job growth at Sports Authority came from acquisitions, there is no doubt that these four companies created tens of thousands of jobs over the period.

    Fast forward to today. By the end of 2011, Staples had about 89,000 employees. Sports Authority is now a private company. The last time it reported employee numbers, in 2006, it had 14,300 employees. In addition, Gartner Group had over 4,400 and Steel Dynamics had over 6,000 employees. Using the most recently available data, these four companies alone employed almost 125,000 total employees.

    Bain Capital also successfully turned around several existing businesses during Romney’s tenure. For example, Bain Capital bought Wesley Jessen Vision Care for $6 million in 1994. It had been a division of Schering Plough and was not profitable. Bain Capital and a new CEO turned it around and sold it to Ciba Geigy for over $300 million in 2001. When it was sold, it appears to have had 2,600 employees. Today, the company is part of Ciba Vision.


    http://www.american.com/archi...
    (more)
  • Jeremiah David L... 2012/05/09 21:13:18
    Jeremiah
    +1
    You don't seem to understand how vulture capitalism works. They look for companies that are candidates for liquidation. They take them over, sell off the resources and fire the employees. They are not in business to build companies. They fill their pockets by destroying companies and jobs.
  • David L... Jeremiah 2012/05/09 21:45:14
    David Lindner
    there is no such thing as vulture capitalism. only class warfare lingo and marxist doctrine
  • Jeremiah David L... 2012/05/10 02:04:27
    Jeremiah
    +1
    It is officially called venture capitalism, but it is the same thing. I see you trotted out your RW talking points.
  • David L... Jeremiah 2012/05/10 04:37:38
    David Lindner
    quite.
  • Ali ~ I... David L... 2012/05/10 01:55:54
    Ali ~ In My Heart I Trust ~
    +2
    And how many jobs did Romney dump when he was with Bain?
  • David L... Ali ~ I... 2012/05/10 04:38:21
    David Lindner
    so many that there were enough to have a net gain.
  • Jeremiah David L... 2012/05/10 06:51:54
    Jeremiah
    +1
    Who said there was a net gain? Bain did not hire anyone for the targeted companies. They were too busy firing people.
  • Meako 2012/05/09 16:08:25
    You do realize the frontal lobe of the cerebral cortex allows us to store and...
    Meako
    +3
    “If General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye,”

    nuff said.......
  • Mike 2012/05/09 09:39:53
    You do realize the frontal lobe of the cerebral cortex allows us to store and...
    Mike
    +8
    if he actually took credit for that, WOW , that takes a pair that borders on the ridiculous
  • SoCal71 2012/05/09 07:23:02 (edited)
    You do realize the frontal lobe of the cerebral cortex allows us to store and...
    SoCal71
    Since it was Bush's call in the first place... why not. Obama had nothing to do with it.
  • Met SoCal71 2012/05/09 11:53:40
    Met
    +4
    You're thinking of Tarp, the bank bailout that didn't go so well and ended up being essentially us giving money to the banks to not lend to us. That was bush.

    The auto bailout was Obama.
  • SoCal71 Met 2012/05/09 15:36:36
    SoCal71
    No I'm not... Bush started the Auto Bailout and Obama finished it.
  • Grace SoCal71 2012/05/09 19:22:49
    Grace
    +1
    WRONG!!!!!!!!!!! You must get your news from Fox, Limbaugh, etc.
  • SoCal71 Grace 2012/05/09 19:35:27 (edited)
    SoCal71
    All you had to do was Google it moron. Liberals are so retarded.

    "George W. Bush in late 2008 with $17.4 billion for General Motors and Chrysler".

    Just cash your welfare check and shut up.

    http://www.gallup.com/poll/15...


    https://www.google.com/search...
  • Jeremiah SoCal71 2012/05/09 21:03:55
    Jeremiah
    +1
    Absolutely false, according to FactCheck.
  • SoCal71 Jeremiah 2012/05/09 23:01:59 (edited)
    SoCal71
    One source that contradicts thousands... Great job at proving nothing! NEXT>
  • Jeremiah SoCal71 2012/05/10 02:06:01 (edited)
    Jeremiah
    +1
    FactCheck is very reliable. Gallup only records what people think.

    Next? What are you, taking orders at McDonald's?
  • Jeremiah SoCal71 2012/05/09 21:02:52
    Jeremiah
    +1
    Bush was back in Dallas before the auto company CEO's came begging for a bailout.

    I'll bet you think Bush killed Osama bin Laden too.
  • Grace SoCal71 2012/05/09 19:21:35
    Grace
    +1
    You must be kidding or are totally ignorant.
  • Pat 2012/05/09 04:18:42
    You do realize the frontal lobe of the cerebral cortex allows us to store and...
    Pat
    +6
    Look. Romney has two or three positions on every subject. Pick one that you like. He's absolutely delusional when it comes to saving the auto industry. He wanted them to go through a bankruptcy. He wanted them to fail basically. How people can listen to this guy and think he's a good choice is beyond me.
  • The Lib Hater 2012/05/09 04:06:39
    Romney deserves credit for Obama's accomplishments, and if we elect him, we'l...
    The Lib Hater
    +1
    Obama did pretty much follow Romney’s advice in restructuring the auto industry. Romney’s point was, in 2008 0bama followed his advice in putting GM and Chrysler through bankruptcy, in order to eliminate their debt load and re-structure their benefit obligations to the UAW. Well, 0bama did just that 4 months later in 2009. So I think Mitt does deserve some credit here. The facts are on his side, and he should continue to push this. Romney should tweak his messaging a bit and give the Muslim a little credit instead for ultimately adopting a course of action he recommended months earlier.
    Let's go back to December, 2008. The argument cannot be broken.
    Let's get a poll update, while I'm here. Rasmussen Reports Romney 44%, Obama 39%, Ya love it.
  • my2cents The Lib... 2012/05/09 04:23:36
    my2cents
    +6
    But the bankruptcy was followed with a bail out, which Romney claimed was a mistake and shouldn't be done.

    It wasn't the bankruptcy alone that worked, it was the combination of the bankruptcy AND the bail out, the latter of which Romney would not have done.
  • The Lib... my2cents 2012/05/09 13:39:24
    The Lib Hater
    +1
    You have it backwards, the bailouts came before the bankruptcies. If the bailouts were such a good idea, why did the auto industry have to go through bankruptcies at all? My point was, he did as Mitt suggested. Look, lets not play dumb here, we all know that 0bama knows nothing about economics, how manufacturing or markets work. Now you listen to Mitt, does he sound like he knows how to handle a problem? Put 0bama in his place saying the same thing right now, and he would win the 2012 election with ease.
    I understand you are upset, I didn't make the video. What Romney said in the Video, 0bama did, that was the only point I was making.
  • Grace The Lib... 2012/05/09 19:25:02
    Grace
    +2
    What Romney suggested could not be done because no one was lending then. The government bailed them out and they are repaying with interest.
  • Met The Lib... 2012/05/09 11:58:07
    Met
    +4
    I'm sorry romney is quoted as saying If the chief executives of the big three took federal bailout money, the auto industry would disappear.

    That's not what happened at all. You're both wrong as hell. Don't shoot the messenger.

    The polls are the way they are because this bumbling idiot hasn't had to debate Mr. Obama yet, tho he's already making himself look like an idiot. The best politician in the world is going to school mitt.

    Keep drinking the kool-aid, but the writing is on the wall.
  • The Lib... Met 2012/05/09 13:20:11
    The Lib Hater
    +1
    I'm sorry but you better watch it again, because he never said that. Seeing he will not win come November, I understand how upset you must be, knowing you will have some of the free stuff taken from you, including RUBBERS, and 0BAMACARE, you may have to get up off you ass and hit the pavement, and go to work. Nice try tho Comrade.
  • The Lib... Met 2012/05/09 13:41:40 (edited)
    The Lib Hater
    +1
    Wrong Again, It was the head of the UAW who said the auto industry would disappear, if they went through bankruptcy. It was not Mitt saying they would if they took bailout money. LOOK At the 3rd paragraph.... Mitt Romney on Jobs : Feb 22, 2012. Mistake to give automakers to unions as part of auto bailout.
    http://www.ontheissues.org/Ne...
  • Todd~AFCL Met 2012/05/09 14:05:54
    Todd~AFCL
    +1
    It must suck living in that fantasy world of yours, when you are finally forced to look at reality. Those polls are the way they are, because the people are sick of 0bama's empty promises and lies.
    So who is supposed to school Mitt? God knows it can't be 0bama, because he is not even the 10th best politician in D.C. let alone the best in the world.
    http://www.rawstory.com/rs/20... Enjoy the video!
  • Grace Todd~AFCL 2012/05/09 19:26:41
    Grace
    +1
    You are the one living in a fantasy world.
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