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Wait, what, Romney averaged a 92 million dollar profit while costing people jobs? Did you know this?

Shutter_Label 2012/07/03 17:56:09
Did you know this? Did you know he earned millions off the little man while costing them there jobs at the same time?

Just wondering?

It can be better explained in the transcript and video below. If you want to read or watch the video.

http://www.youtube.com/watch?v=6uMlsQ9HiFo&feature;=playe...

[ Narrator] Mitt Romney the business man, take a look at his record. Romney bought companies, drowned them in debt. Many went bankrupt. Thousands of workers lost jobs, benefits, and petitions. But for every job he drove into the ground, Romney averaged a 92 million dollar profit. Now he saids his business experience would make him a good president? If Romney win, the middle class loses - http://www.realromneyrecord.com/

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  • kir 2012/07/03 18:11:22
    kir
    +6
    While I dislike Romney on many counts this is not one of them; this man did keep businesses profitable and from collapsing. He may have cut jobs but if the business went under it would have cost all of the jobs. Remember that his job was to take a business that was in risk of going under and turning it around; that's going to cost some jobs for that business--there's no way around that.

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  • ~HopelessRomanticM17~ 2012/07/04 06:43:42
    ~HopelessRomanticM17~
    I don't like him anyway...
  • wtw 2012/07/04 05:15:51
    wtw
    +1
    An equity firm is a for profit company that contracts to either save a business or help close it down for the good of the shareholders, company or what is best depending on the circumstances of a company. In many cases He saved many jobs, in some cases they cut jobs depending on whether they could save or divest the company. This is called capitalism and what he did we need done to our country--Obama had and has zero business experience!
  • mwg0735 2012/07/04 04:54:30
  • JackSchitt 2012/07/03 23:08:43 (edited)
    JackSchitt
    +1
    Everyone knows that this was a lie. The whole Bain Capital attack has become an embarrasment for the Obama campaign and a clear example of his Marxist "class envy" rhetoric.

    Here's DEMOCRAT Mayor Cory Booker defending Bain Capital and calling Obama on his smear tactics:



    As well as Bill Clinton sticking up for Romney's career at Bain:

  • Stryder 2012/07/03 21:35:15
    Stryder
    =yawn=
  • Jackie G - Poker Playing Pa... 2012/07/03 20:28:18
    Jackie G - Poker Playing Patriot
    +1
    LIE - even Factcheck said it was untruthful - big lie for the dumbbells
  • Lady Whitewolf 2012/07/03 19:59:17
    Lady Whitewolf
    YUP
  • none 2012/07/03 19:41:01
    none
    +2
    Some people lost their jobs while Bain restructured the companies but the companies survived and most of the people kept their jobs. If he wasn't successful no one would have had their jobs because the companies would have failed.
  • 3003573 2012/07/03 19:30:13
  • PoliticallyIncorrect 2012/07/03 19:29:18
    PoliticallyIncorrect
    +4
    So, where's the rest of the story about shutting businesses down that weren't doing well and then refitting them and hiring folks back? Oh, we wouldn't want that to get out, would we? And reasons the companies were doing badly were to include bad management and exorbitant union retirement fees. How do you get people to work in a situation where the company's revenues are being squandered and they are likely to go bankrupt and be closed? To save everyone, you shut the plant down, reorganized and rehire people. Will they continue to get ridiculous union benefits that helped drive the company toward bankruptcy to begin with? Of course not. But let Obama tell half the story. Were people working? Yes, no thanks to the ridiculous policies of Obama the Distorter.

    BTW, the money that went to GM was used to bail out the unions. Yep, let's support those unions. Save the auto industry, yeah sure. Follow the money and for heaven's sake, are Americans so uneducated or lazy that they don't bother to check the multiple lies being throw at them through "unfair" and lying ads? Just today one of Obama's henchmen admitted that there is distortion in the ads, but it's OK. As far as the Democrats are concerned, if Americans are too stupid or lazy to find out the facts, that's their problem. So Am...
    So, where's the rest of the story about shutting businesses down that weren't doing well and then refitting them and hiring folks back? Oh, we wouldn't want that to get out, would we? And reasons the companies were doing badly were to include bad management and exorbitant union retirement fees. How do you get people to work in a situation where the company's revenues are being squandered and they are likely to go bankrupt and be closed? To save everyone, you shut the plant down, reorganized and rehire people. Will they continue to get ridiculous union benefits that helped drive the company toward bankruptcy to begin with? Of course not. But let Obama tell half the story. Were people working? Yes, no thanks to the ridiculous policies of Obama the Distorter.

    BTW, the money that went to GM was used to bail out the unions. Yep, let's support those unions. Save the auto industry, yeah sure. Follow the money and for heaven's sake, are Americans so uneducated or lazy that they don't bother to check the multiple lies being throw at them through "unfair" and lying ads? Just today one of Obama's henchmen admitted that there is distortion in the ads, but it's OK. As far as the Democrats are concerned, if Americans are too stupid or lazy to find out the facts, that's their problem. So America, are you taking this crap at face value or are you going to find out for yourself? My bet is, those of you so stuck up Obama's butt now, don't have the nerve to investigate because you'd just as soon not know the truth.
    (more)
  • BOOGIE-WOOGIE-MUSIC-MAN-ROC... 2012/07/03 19:17:43
    BOOGIE-WOOGIE-MUSIC-MAN-ROCK-N-R
    +1
    It's a tradition, of the strong against the week. it is also a religion, of the rich getting richer.
  • Kimmel 2012/07/03 19:13:12
    Kimmel
    +3
    Obama only makes about $400,000 and he put 14 million people out of work!!
  • 3003573 Kimmel 2012/07/04 06:13:13
  • Kimmel 3003573 2012/07/05 13:27:28
    Kimmel
    +1
    The truthfulness of each statement is equivilent to how much responsibility you place in each of them for the postions they held.
  • tblackb 2012/07/03 19:03:35
    tblackb
    +2
    not surprising....he makes $43,000 a day in interest accounts largely held offshore in banks located in Switzerland, Bahamas, and the Caiman Islands.
  • Politic... tblackb 2012/07/03 19:30:18
    PoliticallyIncorrect
    Then he will make jobs for Americans, that's his strong suit.
  • tblackb Politic... 2012/07/03 19:42:56
    tblackb
    +1
    i think its a liability but that's what many americans think. hell, Bush holds a MBA from Harvard, is a business man (owned the Texas Rangers at one point) but terrible president and horrific at managing the economy. why people think Willard will be good at managing the economy i don't know. venture capitalist know absolutely nothing about creating jobs. they know how to make money. the two are not the same.
  • Politic... tblackb 2012/07/03 21:18:05
    PoliticallyIncorrect
    +1
    He managed to save a number of businesses that were going down the toilet and rehire the folks. He cleaned up bad management and tossed a number of unions that were killing the businesses. There were some sacrifices, but even on his limited scale, he re-created and employed a lot of folks out of work. He also was able to refit their employers so that they weren't shut down. There's a serious difference between Obama's lack of abiity and Romney's experience.
  • tblackb Politic... 2012/07/03 22:47:17
    tblackb
    obama is hampered by a do nothing congress. so, its not all on him
  • Politic... tblackb 2012/07/04 03:57:16
    PoliticallyIncorrect
    +1
    Yes it is. He had total control of Congress with majorities in both houses for the first two years of his administration. So you can "can" that lie. He could have taken care of the Hispanic kids, he could have gotten health care through, but he didn't do squat. That was no surprise either.
  • 3003573 Politic... 2012/07/04 06:14:46
  • KrSpo Politic... 2012/07/04 08:30:19
    KrSpo
    He had a Republican house when he came into office. Do you enjoy taking out of your ass?
  • Politic... KrSpo 2012/07/04 17:22:11
    PoliticallyIncorrect
    No, I enjoy watching you make an ass of yourself. The Senate has been totally in the tank for Obama.

    Before you pee your pants on the web site, read it. You will get a modicum of vindication, but you also are not totally correct, nor am I.


    http://heathenrepublican.blog...

    Wednesday, October 12, 2011On Unprecedented Republican Filibusters of Obama
    Someone recently pointed me to a source designed to back up his statement that Republicans have obstructed President Obama’s agenda through an unprecedented use of the filibuster. Of course, his source did nothing to prove his point since the author was documenting the record number of filibusters under George W. Bush, not Obama, but that didn’t stop him from maintaining his assertion of obstruction. As resident fact checker here at The Heathen Republican, I decided to determine the truth about filibusters and our two parties.



    Below, I’ve examined 22 years of filibusters, and highlighted the 111th congress in more detail. What you’ll see is that there is no clear pattern of one party filibustering more than another. You’ll also see that the data are ambiguous enough that both parties have the ability to spin the message to blame the other party for excessive filibusters. Even though the two charts below definitively prove him wrong, I ex...























    No, I enjoy watching you make an ass of yourself. The Senate has been totally in the tank for Obama.

    Before you pee your pants on the web site, read it. You will get a modicum of vindication, but you also are not totally correct, nor am I.


    http://heathenrepublican.blog...

    Wednesday, October 12, 2011On Unprecedented Republican Filibusters of Obama
    Someone recently pointed me to a source designed to back up his statement that Republicans have obstructed President Obama’s agenda through an unprecedented use of the filibuster. Of course, his source did nothing to prove his point since the author was documenting the record number of filibusters under George W. Bush, not Obama, but that didn’t stop him from maintaining his assertion of obstruction. As resident fact checker here at The Heathen Republican, I decided to determine the truth about filibusters and our two parties.



    Below, I’ve examined 22 years of filibusters, and highlighted the 111th congress in more detail. What you’ll see is that there is no clear pattern of one party filibustering more than another. You’ll also see that the data are ambiguous enough that both parties have the ability to spin the message to blame the other party for excessive filibusters. Even though the two charts below definitively prove him wrong, I expect “someone” to spin the data to prove his case against Republicans in the comment thread (in order to avoid embarrassing him, I’ll refrain from naming my detractor).



    How to Assign Ownership of a Filibuster
    As usual, it’s important to start by defining our terms. The Senate's website doesn’t specifically refer to “filibusters,” but counts motions filed, votes on cloture, and cloture invoked. For example, in 2009-2010 a filibuster motion was filed 136 times, with 91 votes on cloture, where cloture was invoked 63 times. For our purposes, motions filed will count as an attempt to filibuster, and I won’t track the votes or successful attempts to defeat the filibuster (i.e. cloture invoked).


    In understanding the filibuster process, you need to know that it takes 60 votes to kill a filibuster. Said another way, a minority party must have 41 votes to sustain a filibuster and avoid cloture. When a party has 41 members, all they have to do is threaten filibuster in order to bring the Senate to a halt. In the modern era, filibusters are, in reality, simply threats to filibuster and not Mr-Smith-Goes-to-Washington-t... Since the filibuster can only be sustained with 41 votes, my methodology is to credit the minority party holding the 41st vote with the filibusters.


    Filibusters Since the 101st Congress
    When we examine the Senate record since 1989, it’s clear that filibusters are a way of doing business for the minority party. The 107th congress breaks the pattern as a result of a 50/50 split over the two-year period, but the volume of filibusters is still within normal levels to that point.



    The 110th congress was record-setting with its 139 filibusters by the Republicans, but it’s incorrect to say that this was a Republican plan to obstruct President Obama since he had yet to be elected. Consider this another complication in interpreting filibuster data since it’s not realistic to say that Republican Senators were trying to obstruct President Bush’s agenda.


    Filibustering the 111th Congress
    The 111th congress, during President Obama’s first two years, is a bit of a special case. In terms of my methodology, there were several factors that affected whether or not there were 41 Senators in the minority party at any given time, including: one disputed election, two deaths, one resignation, and one party change. While the 111th congress came close to matching the record-breaking filibuster total of the 110th congress, they are spread across both parties, as the following chart demonstrates.



    It’s clear to me that someone who claims Republicans have obstructed President Obama with a record number of filibusters simply doesn’t know what they’re talking
    (more)
  • KrSpo Politic... 2012/07/05 13:47:39 (edited)
    KrSpo
    You're an idiot. you stated "Yes it is. He had total control of Congress with majorities in both houses for the first two years of his administration" this was a lie, and you were talking out of your ass. Here's your sign moron.
  • Politic... KrSpo 2012/07/05 15:15:33 (edited)
    PoliticallyIncorrect
    Poor baby, you can't see much but as a true liberal progressive you just call names and pat yourself on the back. Well, you are a truly pathetic individual. Of course that's your problem and not mine. The only ass I see on this blog is you. You are basically pretty boring and calling me a liar is a real hoot. Every time I see that kind of comment I just say a little prayer for the poor Obamasotted person and hope that they will grow up before it's too late. Opinions are like belly buttons, and you can keep yours, wrap it in wool, and clutch it to your chest. I could care less. I'm sure that Buddah is proud of you.



    Awe, poor puppy is blocking ... how typical

    arrow down
  • KrSpo Politic... 2012/07/05 15:21:18
    KrSpo
    Yeah, The Great Buddha is probably very proud of me. It was one of his tenets to throw light on the evils of the world. You attempt to veil your replies, and forget your mistakes; It is true however that you published untruths here, were called on them, and only have excuses
  • Politic... KrSpo 2012/07/05 15:42:10
    PoliticallyIncorrect
    And THAT coming from the master of name-caller. How impressed I am. NOT. When you ever grow up, you may find that there is a little truth and a little error in everything. You are so rabid, that you didn't even grab what I said to you about vindication of us both. You are so wrapped up in your own stance that you are intolerant, smug, and think you are totally right. You aren't, but that's fine. You are still in denial about a lot of things and I feel very sorry for you, your attitude, and your inability to communicate with people who have a different opinion. The fact remains that Obama missed many opportunities, which was my point. He may not have had two complete years of total support from Congress, but he did have it, a point you appear to totally deny. Your rabid defense and the comments you make tell me that you never really understood much of what I said, you were too busy riding to the rescue of your "damsel" in distress. I don't think you're evil, just misguided. So, if I'm evil, shine your light on me, baby.

    flashlight
  • KrSpo Politic... 2012/07/05 15:45:51
    KrSpo
    Again, you attempt to bypass the entire reason for this little rant of yours. You lied. I believe it was something stupid like "He had control of Congress" .. Don't allow the truth to get in your way cretin.
  • tblackb Politic... 2012/07/04 15:15:57
    tblackb
    yes, he did but if you remember, he also tried bipartisanship with the republicans and not ram the majority thing down their throats...
  • Politic... tblackb 2012/07/04 17:15:36
    PoliticallyIncorrect
    Excuse me? I remember closed door sessions and lack of response to ANY Republican effort. THAT was hardly bipartisanship.
  • tblackb Politic... 2012/07/04 20:10:28
    tblackb
    then you should remember there wasn't a filibuster proof senate as well. republicans have used that more over the past three and a half years then any other time in history.
  • Politic... tblackb 2012/07/04 20:19:02
    PoliticallyIncorrect
    When did these filibusters take place and what were the topics? Since you seem to have this embedded in your memory, how about sharing.

    So, to my original question. When was this bipartisanship you were discussing as well.
  • tblackb Politic... 2012/07/04 20:29:39
    tblackb
    all you have to do is look

    http://www.huffingtonpost.com...
  • Politic... tblackb 2012/07/04 20:42:53
    PoliticallyIncorrect
    Huffinton puts a very nice liberal spin on it. Now go to a conservative site and see the other side of the story. When you have ALL the facts, come back with the truth.
  • tblackb Politic... 2012/07/04 20:46:17
    tblackb
    you can do better than that the facts don't lie
  • Politic... tblackb 2012/07/04 20:56:12
    PoliticallyIncorrect
    Look, tyrone, it has to be a fact first and you haven't proven any facts, you have quoted someone's opinion at a very biased web site. Any statistitian can lie with facts. So you either want the entire means of proving yourself, or you don't care whether you are only giving half the story. If you can't find the rest of the story, then I guess your point is moot.
  • KrSpo Politic... 2012/07/03 23:28:16
    KrSpo
    What businesses did he save. just read up on his 'saves' three out of five he was associated with are all bankrupt, have disaster areas declared at the facilities, and will take billions to clean up.
  • Politic... KrSpo 2012/07/04 04:11:19
    PoliticallyIncorrect
    +1
    The three that I remember that he saved are Sports Authority, Dominoes Pizza, and Staples. There were others, but I'm sure if you google it, among the far left media smacks you will find the companies. I remember mention of creating 100,000 jobs, but you have to remember those may be people who lost their jobs with reorganization who were rehired after managment was corrected and unions were taken out of the picture as well as new hires. Those were two of the big reasons that the companies were in trouble in the first place. And while you are speaking about the ones that went bankrupt, you also need to look and see the dates of those bankruptcies. I found on one lying liberal progressive site that some companies failed some time after Romney and Bain left the company to continue on its own. So, we have bits of the truth and down right lies from liberal blogs. Romney is no saint, no pun intended here, but what he did is better than being a community organizer and member of a Socialist Party. Does ACORN ring a bell? Now there's an honest outfit for the POTUS to work with, NOT.
  • 3003573 Politic... 2012/07/04 06:15:37 (edited)
  • Politic... 3003573 2012/07/04 11:34:50 (edited)
    PoliticallyIncorrect
    http://www.nationalreview.com...

    There lazy butt, there's one article. Don't bother to come back with it's a lie either.

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