NAOS
Well-Known Member
ROLLING STONE ON WILLARD MITT ROMNEY.
https://www.rollingstone.com/politi...tory-of-mitt-romney-and-bain-capital-20120829
https://www.rollingstone.com/politi...tory-of-mitt-romney-and-bain-capital-20120829
this is long, but if you have strong opinions about Mitt (either way), you SHOULD READ IT.
- Thread starter NAOS
- Start date
What are you wearing....?
NAOS
Well-Known Member
Pardon moi?
"A man makes a $250 million fortune loading up companies with debt and then extracting million-dollar fees from those same companies, in exchange for the generous service of telling them who needs to be fired in order to finance the debt payments he saddled them with in the first place"
I'm Mitt Romney, I slashed that
Darkwing Duck
Well-Known Member
Frightening if true.
So this is going to be the thrust of the opposition against Romney? I am no Romney fan, nor do I think he will win the election, but really, private equity bashing? I realize this appeals to the general idiots which populate this site who dream of some type of system where dinosaurs like legal pad companies and toy retailers get to go on and on forever and where toy store managers get to retire with after 40 years of service with the KB toy pension, but seriously folks, lets live in the real world. So Mitt and his posse picked up a few cigar butt companies and took a couple of puffs out of them and made some cash. Big deal.
This article is full of contradictions. Romney is such a financial genius to pull off such high finance shenanigans but yet his returns are substandard and only possible due to the tax treatment afforded by the very same idiots who are still roaming the halls of congress after decades and decades.
Even if I hated Romney's guts this article is insulting to anybody who has taken one business or economics course. What you people fall for from the media is beyond unbelievable.
This article is full of contradictions. Romney is such a financial genius to pull off such high finance shenanigans but yet his returns are substandard and only possible due to the tax treatment afforded by the very same idiots who are still roaming the halls of congress after decades and decades.
Even if I hated Romney's guts this article is insulting to anybody who has taken one business or economics course. What you people fall for from the media is beyond unbelievable.
NAOS
Well-Known Member
I don't recall anybody pledging this article as their bible.
Also, you did a marvelous job swooping in here, taking a deuce on the article while calling industrial modes of production outdated, and then not leaving any significant reason ..... except for the fact that you took an econ or business class that subscribes to the same grammar as Bain. In other words, ^this is a ****ing miserable post.
Sorry, I forgot to research the macro supply/demand for legal pads. I am sure it is a thriving industry. You need a reason to comprehend the potential death of the legal pad? Come on, seriously. I am not defending or supporting Bain Capital or private equity. What I am challenging is the thesis of the this article and the general attack on private equity/wall street/capitalism which is summed up in the following fashion; ".... is bad because if they did not get involved than every single business they touched would be profitable, growing, and expanding the work force." The whole purpose of capitalism to feast on the outskirts of the herd. You can try to minimize it in the dream world that most people want to live in, but no Congress, no regulation, no union, and surely no president is going to stop the process.
NAOS
Well-Known Member
nice gloss, but you have to acknowledge the different morphology of capital itself in this era of deregulation.
As for the bolded part, I suggest you re-read the article. There are different business practices within the world of private equity that don't fit into your synopsis. There is a practice of raiding, which isn't good for anything, that was followed by Romney et al.
try again.
Am I at least permitted to point out that NAOS has typed 'deuce' twice in this thread?
NAOS
Well-Known Member
Franklin, let me apologize for La Pearl since he clearly can't bring ****.
On another note, why can't we all just get with the NOW and realize that the future of capital is inevitable and involves predatory lending, cronyism, making truck loads of cash VIA a financial mechanism that doesn't make anything. Business Econ 101 ****ers!
I think the question that should be asked by anyone that reads that article is whether they believe Mitt will utilize his smarts and networks to bring about something good for us, or rape it for personal gain. I'm typing on my phone and lazy like that, but there are some glaring inadequacies in the article. I have led several private equity firms over the past 15 years or so and I will outline a few simple, but important, points the article failed to mention.
Not in any attempt to defend, btw, but simply to finish the story off..
Not in any attempt to defend, btw, but simply to finish the story off..
I'm on page 2, I think this article makes great points. I can't believe how little Republican's know about their candidate, regarding the false idea that he is rich, so he must be a good businessman who will fix the economy.
TheSilencer1313
Well-Known Member
He also knows absolutely nothing about the military, but is pro-aggressive war.
Nobody can fix this economy unless the Fed is ousted.
