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To: Cincinatus' Wife
If Mitt Romney had founded a business that did not rely on firing thousands of people as part of its business model......

This in no way is a defense of Romney, but give me a break. Perhaps we should have the GM govt bailout model, where taxpayers prop up failing businesses to keep people working and making products nobody wants (see the Volt)....?

These businesses suffered from internal problems and inefficiencies....hence the changes. In one instance, a purchased company was a union shop. They offered to renegotiate the union contract to keep people working, but they said NO. The shop was closed and everyone lost.

Who was the real problem?

4 posted on 01/11/2012 5:01:35 AM PST by edpc (Wilby 2012)
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To: edpc
These businesses suffered from internal problems and inefficiencies

Not from the articles that I read. One article stated that Bain stripped a company of all assets and the government stepped in and funded retirement etc to the tune of $44 million but Bain MADE money. And walked away with it. You REALLY want someone like that as President? I think he needs to answer some questions.

7 posted on 01/11/2012 5:10:22 AM PST by DJ MacWoW (America! The wolves are here! What will you do?)
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To: edpc; Cincinatus' Wife

Changing the subject to Unions, eh?

Cherry picking a type of case.

The issue is bigger than Unions, by far. It doesn’t matter if it’s unionized or not, the same issue applies that the writer is addressing.

And the writer merely made the point...was actually kind to Mitt...that this isn’t the face of who should lead the Republican Ticket and the Republican Party.

On Unions, Perry is for Right to Work.

But in this instance, that issue serves only to divert from a valid point.


8 posted on 01/11/2012 5:17:06 AM PST by txrangerette ("HOLD TO THE TRUTH...SPEAK WITHOUT FEAR" - Glenn Beck)
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To: edpc
This in no way is a defense of Romney, but give me a break. Perhaps we should have the GM govt bailout model, where taxpayers prop up failing businesses to keep people working and making products nobody wants (see the Volt)....?

Only having read a handful of articles on this, were ALL of these businesses failing? The reason I ask is because I have been the victim at two different companies that WERE succeeding until they were bought out by "investment firms". Both times, within two years, layoffs began, one company was completely restructured and to this day is not to profit levels of 10 years ago and the other was shut down all together.

What did the employees do to deserve this crap? There were no unions hence no contract negotiations. Instead, many longtime employees who worked hard to build up a strong running company were back out looking for work and the "investors" are the ones who ran off with the millions.

I would say that much of what was done was unintentional by the new "owners", as the reasons for the downfalls were very poor business decisions. And it happens time and time again. Business A is a successful business. Business B is a successful business. Investment Firm comes along and buys Business A. Then, Investment Firm buys Business B. Investment Firm then combines the product lines of Business A and Business B to form Business C. Soon after, Business C fails, Investment Firm sells to another Investment Firm and the hundreds or thousands who were at Business A and Business B are left without jobs.
22 posted on 01/11/2012 6:03:13 AM PST by Eagle of Liberty (Shaking My Head on a daily basis)
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