King of Bain

Winning our Future ^ | 11 January 2012

[John Valentine]

http://www.kingofbain.com/

[onyx]

Good Morning!

I’m not yet fully awake. I take it, Newt and Perry are still on the hot seat and Romney is still be defended? LOL.

Up is down and down is up?

Schmuckabee went on his rant a little while ago on Faux. I slapped his face on my wide screen TV. I hope he felt it.

[DJ MacWoW]

Yup. MittBots are still going full bore defense despite all the info. Even out of Romney’s own mouth.

[true believer forever]

Onyx, g’morning and here’s a little something to read with your morning coffee - a perspective-setter you could call it... oh, and have a great day!!

The U.S. Cannot Have A Private Equity President, Mitt Romney

“I can give you several gritty reasons why former Bain private equity czar Mitt Romney is not the person to become President of the U.S. in November.

First, is just one tale of a Bain deal under Romney. Bain invested just $30 million to take over a company. It then arranged for this company to pay Bain and its investors a special dividend of $180 million– or six times the amount of equity capital Bain invested to take control. This technique of forcing your prey to pay back your original investment or more, as in this case, is to ensure that the Private Equity Firm is assured of a profit. It is an exploitative way to strip the company of its spare cash and is indefensible corporate rape. It is one selfish and destructive way to play the Private Equity game. For the average holding period by a PE firm is somewhere between 3 and 5 years– in and out with little thought as to the long term performance of the company or the protection of its employees.

Second, Gov. Romney goes about blaring that only he and he alone knows how to create jobs. What utter malarkey, as political pros have evidence prepared some time ago in 1994 for the late Sen Edward Kennedy by a very close relative of mine that nails Romney squarely for firing more people than he hired. You will see these tv ads come the fall, I guess.This is the fundamental nature of the way Private Equity works. It is a nicer polite way of describing company stripping, the classical ruthless way for a raider to exploit a weakened prey for its own profit. Period.”

http://www.forbes.com/sites/robertlenzner/2012/01/10/the-u-s-cannot-have-a-private-equity-president-mitt-romney/

[McGavin999]

Oh, you've missed the best parts. We've been accused of being practically communitsts because we think taking $4 million to give to your "investors" and leaving the taxpayer holding the bag for $10 million is reprehensible. That means we're really supporting ACORN LOL!

Personally I am sick of Ruppert Murdock and Roger Ailes running around in their little cheerleading outfits with their hairy legs shaking their pom poms for Mitt.

[McGavin999]

Well at least they are being outed. I’ve long thought that they were actually Mittbots and now we know for sure.

[onyx]

Thank you very much! I have been looking for the printed word!

DJ, please save!

[exit82]

Personally I am sick of Ruppert Murdock and Roger Ailes running around in their little cheerleading outfits with their hairy legs shaking their pom poms for Mitt.

Now there's a word picture for you!

[DJ MacWoW]

I’ve seen the craziest stuff posted and called the most ridiculous things.

[DJ MacWoW]

I saved it! :-)

[DJ MacWoW]

And before breakfast!!! LOL

[moehoward]

"But if you buy something it is yours, to do with as you wish. If you buy a company, close it down and sell it for scrap, it is your business. If you decide to blow up you new paid for Volt, as a prank, it your property."

Fair enough. How about if your neighbor buys, say, 51% of your Volt, sells off what he can then, then he blows it up.

[onyx]

Oh he// yes. Deathly sick of Faux. Seems like Rupert had a bit of conscience. I watched Piers what’s his name onCNN,interview Newt Gingrich last night, and he read a tweet from Rupert wherein Rupert said, he didn’t blame Newt for returning fire on Romney given Romney had “carpet bombed” Newt with attack ads, and went onto say good things about Newt but had to add one negative of course.

So we’re Commies? Nevermind that Romney bilked us taxpayers on his road to riches. Let him explain that it’s all in the name of “job creation.”

100,000 jobs created and shrinking, now that Perry is going directly after him on the number of jobs. LOL.

[onyx]

I have too, but I misplace stuff.

[longtermmemmory]

iow romney is smarter than bernake?

How abaout what would Bain Capital do to the EPA?

[org.whodat]

If you own something and you sell 51% of it, contract law becomes the rule. I expect you have spent as much time reading contract and business law as I have, so I will not bore you with the details. Just pull out google and ask.

[exit82]

BTW,great job on this thread.

[McGavin999]

I wish someone with some cartoon talents would draw it. It’s been in my head for days. Their little sweaters could have the FOX logo on it.

[onyx]

Perry is Faux now. Being grilled by Martha.

[DJ MacWoW]

Thanks. I’m trying but some people play stupid and ignore fact.

[org.whodat]

LOL, the Raytheon plant closed because clitoon and newts balanced budget deal stopped the missile purchases from the plant. Just dang. Something you just cannot believe.