Some 'stuff' on Romney.....
After going to both Harvard
Business School and Harvard Law School simultaneously, he passed the Michigan
bar, but never worked as an attorney.
first major business deal involved investing in a start-up office supply company
with one store in Massachusetts that sold office supplies. That company, called
Staples, now has over 2,000 stores and employs over 90,000
(using what became known as the "Bain Way") would go on to perform the same
kinds of business miracles again and again, with companies like Domino's, Sealy,
Brookstone, Weather Channel, Burger King, Warner Music Group, Dollarama, Home
Depot Supply, and many others.
dad's gubernatorial campaign 1 year.
for his church 10 years. No salary as president of the Olympics 3
of unpaid service to his country, his community and his church. Why? Because
that's the kind of man Mitt Romney is.
know what? He’ll show you his:
time for a REAL CHANGE?
HOPE for America.
downing the opposition
the new president-to-be
in November, 2012!
– American by birth!
the following to the above information -- Mitt Romney donated his entire
inheritance to establish a business school in his father's name. Contrary to
the sob stories the Obama ads are featuring, Bain Capital was successful 78% of
the time in turning the companies it invested in around. At a minimum Bain
Capital created or saved over 90,000 jobs:
1,300 at Armco
6,000 at Stage Stores
89,000 at Staples
1,100 at Sealy
Obama is giving speeches, saying that the purpose of venture capitalists isn't to
create jobs --
that may not be their purpose, but no company they invest in will make a profit without
Meanwhile, let's examine Obama's success rate in creating jobs with public capital,
i.e. taxpayers' money:
taking office, Obama has invested billions of taxpayer dollars in private
businesses, including as part of his stimulus spending bill. Many [actually,
"most" would be more appropriate.] of those investments have turned out to be
unmitigated disasters — leaving in their wake bankruptcies, layoffs, criminal
investigations and taxpayers on the hook for billions.
Strassel offers a thorough analysis of the flawed investment in Solyndra and
its subsequent collapse, all of which cost taxpayers well over $500 million.
She also takes a hard look at the favoritism shown the labor unions in the
auto bailouts including the UAW’s screwing of 2,500 employees who held
non-union jobs.[Not to mention bond-holders who got the shaft in favor of union
pay-offs!] Clearly the President is not a friend of those needing a job but
he sure is a friend of big labor.
Thiessen takes a look at Solyndra as well but also dives deeply into another
eight or so investments and loan guarantees made by the federal government as
endorsed by President Obama. They include Raser Technologies, First Solar,
Abound Solar and Sun Power; all of which are losing money, filed for
bankruptcy and/or laid off virtually all their employees. Not an
impressive record by any stretch.
perspective I’ll add the mother of all failed investments to the list, namely
Obama’s stimulus packages which have cost taxpayers almost $1 trillion
dollars while producing a net gain of only 101,000 full-time jobs between
January 2009 and March 2012. (Over $9 million per job!) President Obama
justified the stimulus spending by touting unemployment would be at or below 6%
by now yet it remains above 8%, even using the fudged numbers from the Bureau of
Labor Statistics. A 33% shortfall in hitting the target would have to qualify as
a colossal failure by any standards."
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