You know, the funny thing is that thewre is nothing wrong with his record at Bain Capital. He did just what he set out to do - make money. There is nothing wrong with that. If he could make more money by pulling money out of a business and closing it, that is what he did. If he could make more money by expanding a business, that is what he did. His purpose was never about growing a business (other than Bain Capital), expanding the economy or improving things for his employees. His purpose was to make money. I happen to believe that the skill set he brings is not what we need in a President. Right now his sole purpose is to get votes. He will do or say whatever he needs to to get votes, just like he would do or say whatever he needed to make money at Bain. His methods haven't changed. Then it was money, now it's votes.

 

Bain did nothing illegal but stories like this one are going to be hard to overcome.

 

 

 

According to a recent account by the Reuters reporters Andy Sullivan and Greg Roumeliotis, within two years of investing eight million dollars to create GS Industries and take a majority interest, Bain Capital had paid itself a special dividend of $36.1 million, financed by a big issue of debt.

 

(Some of this money was subsequently reinvested in the company.) G.S.I. subsequently struggled against domestic and foreign competitors. In 1999 it sought a federal loan guarantee, and in 2001 it entered bankruptcy protection. More than seven hundred workers lost their jobs, health insurance, and some of their retirement benefits.

 

A federal agency had to put up $44 million to bail out the company’s pension plan.

 

Even while G.S.I. was fighting for survival, Bain continued to extract management fees from it—about $900,000 a year, according to a recent Los Angeles Times story.

 

“Bain partners think the profits they made are a sign of brilliance,” an official of the steel workers’ union who negotiated with G.S.I. told the paper. “It’s not brilliance. It’s lurking around the corner and mugging somebody.”

 

Read more Rational Irrationality: The Bain Bomb: A User’s Guide : The New Yorker

Bain did nothing illegal but stories like this one are going to be hard to overcome.

 

 

Don't agree, the same thing was tried on GWB. I think when you have a record in both industry and as a governor, I believe more people will pay attention to what you did as the governor.

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Don't agree, the same thing was tried on GWB. I think when you have a record in both industry and as a governor, I believe more people will pay attention to what you did as the governor.

 

 

 

Allow me to re-phrase. For those supporters or for Mr Romney himself who claim that his private industry experience is a plus these types of stories are going to be hard to overcome.

I haven't paid attention to any polls. No beef with you on this one.

 

More with Trinity Alum....glad it is working out for him. I will guarantee the Bluegrass doesn't vote for Obama. Therefore the answer to whatever question is asked to folks in this state will be answered by them not voting for the incumbent President.

 

Check my track record on political issues....usually right...said Rand Paul would be elected and he was.

 

I have no doubt that you are right about how Kentucky will vote. I do believe that this election will be closer than the 2008 election. I don't think that the president will carry any states that McCain carried in 2008. Fortunately, he has several to spare. My post was in response to the snide talking point that the President can't run on his record. My point is that not only will the president run on his record, he has a very good record to run on. Every time the topic is anything other than the presidents record, the republican talking point is that he can't run on his record. It isn't true, but it is the talking point. The other talking point is that the president is divisive. The republicans in congress started fighting this president on the first day and consider it divisive that he didn't roll over for them. I like the guy running for senate in Indiana. At least he is honest about the republican agenda. He says that "bipartisanship is when the other side decides to agree with us". That is a perfect summary of the modern republican party.

Obama backer Cory Booker slams Obama campaign ad attacking Romney’s Bain Capital record: Cory Booker slams Obama campaign ad attacking Romney Obama has never had a record to run on in any of his campaigns so this is his usual tactic..

 

Mayor Booker has changed his tune.

 

Booker walks back 'nauseating' comments - POLITICO.com

Allow me to re-phrase. For those supporters or for Mr Romney himself who claim that his private industry experience is a plus these types of stories are going to be hard to overcome.

 

Just don't see it. The stories have been around for months now and don't seem to be getting much attraction beyond his detractors. People pay attention to the headlines.

I have no doubt that you are right about how Kentucky will vote. I do believe that this election will be closer than the 2008 election. I don't think that the president will carry any states that McCain carried in 2008. Fortunately, he has several to spare. My post was in response to the snide talking point that the President can't run on his record. My point is that not only will the president run on his record, he has a very good record to run on. Every time the topic is anything other than the presidents record, the republican talking point is that he can't run on his record. It isn't true, but it is the talking point. The other talking point is that the president is divisive. The republicans in congress started fighting this president on the first day and consider it divisive that he didn't roll over for them. I like the guy running for senate in Indiana. At least he is honest about the republican agenda. He says that "bipartisanship is when the other side decides to agree with us". That is a perfect summary of the modern republican party.

 

Sure he can run on his record but there's just as much ammunition for his opponents as his supporters.

 

Your comments on the republicans fit the democrats like a glove. There is no monopoly on partisan politics.

Just don't see it. The stories have been around for months now and don't seem to be getting much attraction beyond his detractors. People pay attention to the headlines.

 

Not sure I agree. Many people will not start to "get into" the race until the summer.

 

I bet if you walked down Main St and asked the average schmo what he knows about Bain Capital it's very little if anything.

The average schmo isn't going to pay attention anyway. It takes too much effort. It will be a battle of headlines.

The average schmo isn't going to pay attention anyway. It takes too much effort. It will be a battle of headlines.

 

They'll start listening in the summer or late summer. Lots of virgin ears out there for all of this that many in this thread have already heard for months.

^ And it will be the virgin ears of the truly undecided that are key. Most (if using this site as a barometer, for example) have their minds made up already.

They'll start listening in the summer or late summer. Lots of virgin ears out there for all of this that many in this thread have already heard for months.

 

Reminds me of the repulicans hope in the summer of 2008. These things just never seem to gain momentum. People are dumb. This is going to come down to the economy and what the president or Romney can convince people about it in October. Unemployment rate and gasoline prices are what people will pay attention to.

Obama defends the ads.."President Obama confirmed today that he will continue his attacks on the free enterprise system," Romney said in a statement after the embattled incumbent's remarks."What this election is about is the 23 million Americans who are still struggling to find work and the millions who have lost their homes and have fallen into poverty," Romney said. "President Obama refuses to accept moral responsibility for his failed policies. My campaign is offering a positive agenda to help America get back to work." Obama: Fighting Romney on economy

Someone, would you list Mr. Romney's agenda for economic recovery? I'd be most appreciative. Thanks in advance!

Unemployment rate and gasoline prices are what people will pay attention to.

 

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