Posted on 11/16/2010 3:09:32 PM PST by KateUTWS
PROVO Did unreported factors contribute to the demise of Mitt Romney's 2008 presidential campaign?
How did the news media cover the 1967-68 presidential campaign of his father, George Romney?
Two research projects presented to an audience of more than 100 people at BYU's Mormon Media Studies Symposium recently compared the two Romneys' campaigns.
BYU professors John Gee and Louis C. Midgley titled their paper, "Under the Media's Nose: Overlooked Factors Undermining the Presidential Campaign of Mitt Romney.
(Excerpt) Read more at deseretnews.com ...
exactly my point but others were reading it wrong. Give the guy credit for being able to drop the reality and focus on what he wants folks to believe. I waas refering to campaign style.
you are an idiot.
Hoodat: Romney campaigned in 2008 just as pro-life as John McCain.
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You were the one who introduced McCain not me...
i was just make things clear...
. . . evidenced by his votes in favor of tissue harvesting from aborted babies combined with his votes to silence the pro-life movement. /sarc
You've got entirely valid arguments against Romney's past. Don't forfeit them by claiming McCain to be something he is not. If you don't like Romney, just say so. But don't offer up the contrast of McCain as some pro-life savior. It simply is not true.
I have stated plainly what it is I like about Romney (see: Bain Co. & Bain Capital)and how this country could use such talents. But Romney has major flaws just like the rest of us.
I’ll accept that surrender of yours...
Romney didnt buy the White House in 2008
and he wont win the White House in 2012...
you are an idiot.
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I’m not the one who claimed Romney could be a liar and still be OK to be in the White house...
I would prefer that the liberal Romney crawl in a hole somewhere and stay out of government altogether.
Actually, McCain was introduced by Artimus Webb in Post 4. He was also mentioned in the lead article. However you were the one who introduced the silly claim that during the 2008 campaign, the contrast between McCain and Romney was that McCain was pro-life and Romney was not. They both claimed to be. Neither really was.
Finer I wont mention McCain...
I dont usually have to do any contrasting...
Romney falls on his own sword all by himself when it comes to his liberal stance on all the social issues and much of the rest...
or rather Romney never has wielded a sword...
hes a 2 time draft dodging coward who has dissed both the military and the veterans...
Borden Goats Ping
Sheesh...
The bosses patience knows no bounds. That it took that long amazed me.
Amazing how that little point seems to escape attention.
“The bottom line is that Romney pulled off a miracle with the SLC games. They were mired in corruption with no hope at all of getting any sponsors to sign on. Romney came in and made it a success. I can appreciate your dislike for Mitt Romney, but it doesn’t help your cause to lie about him.”
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What is it about you guys that the only tool in your toolbox is to tell others they lie??? How about researching what you claim and present some facts?
Romney created a “miracle” after rescuing them from mormon corruption... agreed. The Mitt Formula was massive infusion of taxpayers dollars. If that’s a miracle to you, then I imagine you think Obama is walking on water...
-————snip-—————
Dallas Morning News:
WASHINGTON _ A spending bill approved by Congress contains $14.8 million for communications equipment, the latest addition to the $1.3 billion the federal government is contributing to the 2002 Olympic Games in Salt Lake City.
As Congress piles more and more taxpayer dollars into local spending projects, the federal tab for the upcoming Games is drawing fire from critics who scrutinize appropriations for what they consider wasteful spending. Total federal money earmarked for Salt Lake City already is twice as much as the $609 million spent in Atlanta for the 1996 Summer Games.
-————snip-—————
Please note the sentence that reads, “Total federal money earmarked for Salt Lake City already is twice as much as the $609 million spent in Atlanta for the 1996 Summer Games.”
Mitt’s miracle formula is easy: get the government to pay more for his success. It worked for the Olympic “miracle” and it worked for Massachusetts Romneycare.
If you would like to research this further, there are some nice charts and information about Mitt’s unaccountable Olympic slush fund at the following link:
http://usgovinfo.about.com/library/weekly/aa092400b.htm
best,
ampu
Bain Capital:
“In 1992, Mitt Romney was running Bain Capital, a private equity firm. Bain Capital bought American Pad & Paper Co. (Ampad) for $5 million.”
“Over the next several years Romney’s firm bled the company dry. Hundreds of workers lost their jobs. Stockholders were left with worthless shares. Creditors and vendors were paid less than 50 cents on the dollar. While they were exploiting the company, Romney’s firm charged Ampad millions of dollars in “management fees.” In all, Romney and his investors reaped more than $100 million dollars from the deal.”
http://www.massresistance.org/romney/ampad_062607/index.html
best,
ampu
Bain Capital put $5 million into its purchase of American Pad & Paper and quickly began charging management and other fees. It also made payments to investors. In all, Bain and its investors reaped more than $100 million even though Ampad went into bankruptcy, workers lost jobs, and stockholders were left with worthless shares. [And creditors got less than 50 cents on the dollar.] A look at the deal:
· 1992: Bain buys American Pad & Paper from Mead Corp. They invest $5 million.
· 1993: After Bain takes control, Ampad pays advisory fees to Bain under a management agreement.
· 1994: Bain acquires plant in Marion, Ind. Workers strike over layoffs and wage benefit cuts. The events become a campaign issue in Romney's challenge to Senator Edward M. Kennedy.
· 1995: Bain shuts down the Marion, Ind., plant. Roughly 200 lose jobs. Bain gets at least $2 million in annual fees, plus additional fees for each acquisition Ampad makes. Ampad borrows more to acquire an envelope and stationery maker and uses some of the proceeds, about $60 million, to pay Bain investors.
· 1996: Ampad completes an initial public offering. Bain sells about 3 million shares, reaping about $45 million to $50 million for investors and itself. It also takes $2 million in fees for arranging the IPO, plus other fees.
· 1998: With Ampad struggling, Bain agrees to cut the annual fee $1.5 million a year. It also agrees to start forgoing payment until the company turns around.
· 1999: Revenues continue to slide. Ampad closes a plant near Buffalo, with up to 185 losing jobs.
· 2000: Creditors force Ampad into Chapter 11 bankruptcy to reorganize.
· 2001: Judge puts Ampad into Chapter 7 to liquidate assets and pay creditors. Senior secured lenders get less than 50 cents on the dollar.
STOCK PRICE
July 2, 1996: $15.13 - IPO Price
Jan. 27, 1997: $26.00 - Peak
Sep 16, 1997: $13.13 - Stock loses 42% of its value
Nov 1, 1999: 35 cents - Ampad looks to sell assets to reduce debt
Jan 14, 2000: 15 cents - Ampad forced into bankruptcy
Bain Capital and Bain Co. have many success stories. To center in on one that did not while ignoring those that did is not right. And all the while, he was responsible to the shareholders of Bain Co. (which he saved from bankruptcy) and then Bain Capital. And of course they made money off of the deal. That was their objective. But perhaps you would have preferred it if Mead had simply closed them down in 1994 or 1995.
btw, it was because of Bain acquisition of Staples that Ampad continued to prosper for as long as it did. But even then, Staples figured out they could get better product from Asia for less money. By 2000, there was nothing that could have saved Ampad. That's why they were liquidated. Care to guess who was the major shareholder at the time (i.e. who took the biggest loss)?
No clues in her last few posting replies either. Of course the offensive ones could have been mod deleted.
There are fewer and fewer Mitt lovers to kick around. Only one real one on this thread and I think she may have learned that silence on some matters is golden.
Hey! Somebody check out my tag line - good for today only!
I am NO Freeploader I kick $30.00 a month into this
great forum. Plus extra cash during Freepathon’s.
Then why this comment made in 2008 and quoted in post #77?
"Perhaps the donation I would have made to FR would be better spent on Mitt Romney instead."
FR has had people make numerous threats to withhold donations when they are not allowed to dictate the content seen on FR, a good portion of these posts in regards to Romney.
I think that by now you may have seen Jim's position on a Romney campaign on FR. If that affects your willingness to support the site, it would be wise not to advertise it.
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