8.3 now 8.5 come election day
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stlouiedipalmajmog;1242915 wrote:That is actually factually not true. The majority of companies that Bain took over they turned into profitable companies. Yes, some could not be turned around and were 'chopped up and sold', but MANY were completely turned around (see Staples).
Did you get your information on Bain capital from an Obama ad? MSNBC?
All of you Bain sympathizers like to mention Staples. I'll give you that one, as it seems to be the only success story Mitt can point to. Read my post again and see the part about "underperforming businesses". That's what a venture capital company does. They buy up assets and try to turn more profit. When that doesn't happen the company is broken up and sold. Collective bargaining agreements are nullified and there is no liability remaining for the venture capital company. The company I used to work for was in danger of being bought up by such a group. Instead of letting that happen we became a private employee-owned company and became successful without breaking up and kept ALL divisions of the company. Believe me, we knew what the future held had we allowed ourselves to be taken over. -
gutVenture capital and private equity are not the same thing.
You don't make money in any of these businesses without consistently creating REAL value. That is, unless you believe all these business owners are stupid, get bad advice, and get taken by Romney-types that just flip them or chop them up. Actually, might not surprise me if a lot of Obama supporters believe that (hence the "I need the govt to protect me from myself" philosophy). -
jmog
Staplesstlouiedipalma;1242977 wrote:All of you Bain sympathizers like to mention Staples. I'll give you that one, as it seems to be the only success story Mitt can point to. Read my post again and see the part about "underperforming businesses". That's what a venture capital company does. They buy up assets and try to turn more profit. When that doesn't happen the company is broken up and sold. Collective bargaining agreements are nullified and there is no liability remaining for the venture capital company. The company I used to work for was in danger of being bought up by such a group. Instead of letting that happen we became a private employee-owned company and became successful without breaking up and kept ALL divisions of the company. Believe me, we knew what the future held had we allowed ourselves to be taken over.
The Sports Authority
Clear Channel (now one of the biggest radio station owners in the country)
Domino's Pizza
The Weather Channel
Guitar Center
Burger King
Sealy Corp (mattresses)
Brookstone
Burlington Coat Factory
Dunkin Donuts
I could keep on going, so to insinuate that Staples is the only one is insane.
Were there failures? Absolutely, they did barely better than 50/50 but 50/50 when taking over already failing companies is actually a dang good rate of success. -
elitesmithie05Your clearly racist....hahajmog;1243030 wrote:Staples
The Sports Authority
Clear Channel (now one of the biggest radio station owners in the country)
Domino's Pizza
The Weather Channel
Guitar Center
Burger King
Sealy Corp (mattresses)
Brookstone
Burlington Coat Factory
Dunkin Donuts
I could keep on going, so to insinuate that Staples is the only one is insane.
Were there failures? Absolutely, they did barely better than 50/50 but 50/50 when taking over already failing companies is actually a dang good rate of success. -
cruiser_96
Unless you are willing to say that the new crust was Mitt's idea, I will not accept his role in their improvement. That crust is AWESOME!!!!!!!! And combined with that garlic butter sauce... fuggitaboutit!!!!!!!jmog;1243030 wrote:...
Domino's Pizza
... -
Heretic
The new crust came out during Obama's tenure, so he gets the credit!cruiser_96;1243250 wrote:Unless you are willing to say that the new crust was Mitt's idea, I will not accept his role in their improvement. That crust is AWESOME!!!!!!!! And combined with that garlic butter sauce... fuggitaboutit!!!!!!!
*Unless you don't like it, in which case, blame Bush...
And that is how you break the cycle of people being overly-partisan with politics. -
cruiser_96
Heretic! Yes. Very well done.
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stlouiedipalma
Read the post please. I said that it seems to be the only success story Mitt points out. He always mentions Staples and the Olympics as his greatest accomplishments. Perhaps the Romney campaign could use folks like you to point out their positives and get the word out. God knows the folks running his campaign are either incompetent or rank amateurs. Maybe they worked for John Kerry in 2004, because they are getting Swift-Boated and don't have any answers. With the economy in the state it is this election should be way over by now. How could they be on the verge of blowing a golden opportunity?jmog;1243030 wrote:Staples
The Sports Authority
Clear Channel (now one of the biggest radio station owners in the country)
Domino's Pizza
The Weather Channel
Guitar Center
Burger King
Sealy Corp (mattresses)
Brookstone
Burlington Coat Factory
Dunkin Donuts
I could keep on going, so to insinuate that Staples is the only one is insane.
Were there failures? Absolutely, they did barely better than 50/50 but 50/50 when taking over already failing companies is actually a dang good rate of success. -
elitesmithie05Considering Indy lost 100M hosting the Super Bowl its pretty damn impressive to turn a profit running the Olympics.
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stlouiedipalmaTurning a profit on the Olympics is an impressive feat, but how does it translate into leading the free world, being commander-in-chief and passing legislation?
The last I looked our country isn't a corporation and isn't designed to be run like a corporation. -
gut
It's not? Why, because the US can't and shouldn't operate on a budget?stlouiedipalma;1244545 wrote:
The last I looked our country isn't a corporation and isn't designed to be run like a corporation.
Aside from foreign diplomacy and giving speeches, I see a tremendous amount of common skillsets. Certainly a better fit than community organizing.