So Mitt Didn't Leave Bain in 1999 After All

Superfreak said:
I am familiar with Bain and the VC world. You on the other hand are spouting talking points from people that clearly do not understand the VC world.

If you think otherwise, point to where you think I am wrong and we can discuss in more detail.
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Are you sticking with your contention that CEO, President and Chairman of the Board are simply titles and do not suggest that Romney was "with" Bain?
 
Superfreak said:
I am familiar with Bain and the VC world. You on the other hand are spouting talking points from people that clearly do not understand the VC world.

If you think otherwise, point to where you think I am wrong and we can discuss in more detail.
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I love this line. I'm sure it'll work well for Mitt in countering the perception that he's an elitist shit.
 
Superfreak said:
actually it was the Boston Globe who sourced Mother Jones that first reported it. I am glad to see you just read the journalists take without bothering to actually look at the SEC documents they source.

From Mother Jones (who actually sourced the SEC document they questioned unlike the Globe)

http://www.motherjones.com/documents/392937-stericycle-13d-1999

Take a look at who signed off as managing partner/general partner etc... for the various entities. Oh yeah, it wasn't Mitt. The only time Mitt signed the document was to show that he owned shares. Which given that Bain was investing numerous (if not all) of its various funds into the company, that stands to reason that Mitt's account would also get invested.
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If you keep adding reality into the equation we'll never get all emotive and angrified...

I mean, come on man... Throw the left a bone!
 
Damocles said:
If you keep adding reality into the equation we'll never get all emotive and angrified...

I mean, come on man... Throw the left a bone!
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So Damo, instead of sitting back and flyspecking... tell us what you think. Do you belive that the title CEO and President and Chairman of the Board is indicative of a person who does not work there?
 
Superfreak said:
I am familiar with Bain and the VC world. You on the other hand are spouting talking points from people that clearly do not understand the VC world.

If you think otherwise, point to where you think I am wrong and we can discuss in more detail.
Click to expand...
Yea..talking points.

Bain's profiteering is well documented. Of course, that's what VC companies are set up to do. That isn't the issue.

Do I have to type slower?

At issue, are a number if things.

First...Romney simply cannot reference his experience in the business sector when he contrasts his methods of job creation w/Obama's. VC companies don't care about job creation. They care about profit.

Romney was very successful at making profits. Don't pretend he cared about job creation.

Next, Romney hails the free market as the best way to get the economy moving. He denounces govt. funding of businesses.

Yet, Bain did nicely as a result of their talents in the govt. appropriations field.

http://www.bloomberg.com/news/2012-...f-government-aid-that-helped-bain-profit.html
“When government, rather than the market, routinely selects winners or losers, or puts its hands on the scales of justice then enterprises and entrepreneurs can’t predict their prospects,” Romney said in a March 19 speech at the University of Chicago.
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The issue isn't necessarily the way a predatory VC company does business. It's Romney's inconsistencies when referring to his track record(s)
 
ITs A MITTSTORM!

http://www.huffingtonpost.com/2012/07/12/mitt-romney-bain-departure_n_1669006.html

"In the Aug. 12, 2011, federal disclosure form filed as part of his presidential bid, he said, "Mr. Romney retired from Bain Capital on February 11, 1999 to head the Salt Lake Organizing Committee. Since February 11, 1999, Mr. Romney has not had any active role with any Bain Capital entity and has not been involved in the operations of any Bain Capital entity in any way."

In testimony "Romney noted that he regularly traveled back to Massachusetts. "[T]here were a number of social trips and business trips that brought me back to Massachusetts, board meetings, Thanksgiving and so forth," he said."


Romney's sworn testimony was given as part of a hearing to determine whether he had sufficient residency status in Massachusetts to run for governor.

Romney testified that he "remained on the board of the Staples Corporation and Marriott International, the LifeLike Corporation" at the time.


So he testifies based on what he needs people to hear, not based on the truth.!
 
Althea said:
Yea..talking points.

Bain's profiteering is well documented. Of course, that's what VC companies are set up to do. That isn't the issue.

Do I have to type slower?
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They are a business, of course their goal is to make money. The problem you are having is understanding what it is they do to make the money. They make the most money by taking struggling firms and making them successful. That means companies on the verge of going out of business are saved... that is how they make the most money. Do I need to type slower?



At issue, are a number if things.

First...Romney simply cannot reference his experience in the business sector when he contrasts his methods of job creation w/Obama's. VC companies don't care about job creation. They care about profit.
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Their primary goal is not job creation. Their primary goal is indeed profit. To be profitable a business must be what? Successful.

While they can indeed make short term profits if a struggling company only survives a few more years, they prefer to have ongoing success. That is the goal. It leads to greater profits.

Romney was very successful at making profits. Don't pretend he cared about job creation.
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Now you are just spitting out talking points.

Next, Romney hails the free market as the best way to get the economy moving. He denounces govt. funding of businesses.

Yet, Bain did nicely as a result of their talents in the govt. appropriations field.

http://www.bloomberg.com/news/2012-...f-government-aid-that-helped-bain-profit.html

The issue isn't necessarily the way a predatory VC company does business. It's Romney's inconsistencies when referring to his track record(s)
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The free markets are the best way to get the economy going. Calling VC firms in general 'predatory' just illustrates again that you are spitting out talking points without knowing much (if anything) about the VC world.

Google, Facebook, Microsoft, Dell, Ford, GM, Staples, Sports Authority, Caterpillar, Manitowac etc... were all funded by private equity/VC businesses when they began. There are indeed predators in the VC world, but not all are such. Bain is not. They are not into hostile takeovers. They invest either in start ups that cannot get capital from banks for expansion or they invest in struggling companies that they attempt to turn around.
 
Don Quixote said:
mittens seems to have a problem with telling the truth

also, he does not want his financial dealings examined

neither does he want to divulge details of his potential policies

the only thing that he has going for him is that he is the anti-obama

oh well
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That alone qualifies him to represent the party of No.
 
Althea said:
Next, Romney hails the free market as the best way to get the economy moving. He denounces govt. funding of businesses.
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Here is a list of some other countries where government does fund business...

Cuba: Cuba is one of the most Socialist nations, as it has a mostly state-run economy, universal healthcare, government-paid education at all levels, and a number of of social programs. It does not have a stock exchange.

North Korea: The same is true of North Korea, which has an almost entirely state-run economy, as well as the same social programs mentioned for Cuba. Like Cuba, North Korea does not have a stock exchange.

Venezuela: Economy has more private ownership, but the government social programs are quite extensive and the foreign policy is very left-wing. Cuban doctors and teachers have been brought to Venezuela to provide some medical and educational services.

China: A substantial part of the economy is still state-run, although there are not as many social programs as there once were and universal healthcare has been eliminated. Still has a Socialist-type foreign policy, for the most part.

Vietnam: A significant part of the economy is state-run. Close ties with Cuba, Venezuela, and Belarus.

Syria: Although not commonly referred to as Socialist in the West, Syria has a mostly state-run economy and universal healthcare, along with a left-wing foreign policy.

Belarus: Much of the Belarussian economy is state-run and some govt. social programs are available. Belarus has close ties with Venezuela, China, and other Socialist countries.

Sweden: Mostly private industry, but many well-funded govt. social programs are offered. Universal healthcare and government-provided education at all levels is made available.

Laos: A large part of the economy is state-run, and the government has close ties with most other Socialist countries.

Zambia: Some elements of the economy are state-run, including most of the media. Universal healthcare and primary education are available. Zambia has a left-wing foreign policy and is friendly with China and North Korea.

Turkmenistan: Mostly state-run economy, various free and subsidized services are provided by the government. Housing and transportation are subsidized, natural gas and electricity are provided to citizens free of charge.

http://voices.yahoo.com/list-socialist-countries-individual-details-70552.html?cat=37
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Any in there you think living in would be better than the US?
 
Jarod said:
ITs A MITTSTORM!

http://www.huffingtonpost.com/2012/07/12/mitt-romney-bain-departure_n_1669006.html

"In the Aug. 12, 2011, federal disclosure form filed as part of his presidential bid, he said, "Mr. Romney retired from Bain Capital on February 11, 1999 to head the Salt Lake Organizing Committee. Since February 11, 1999, Mr. Romney has not had any active role with any Bain Capital entity and has not been involved in the operations of any Bain Capital entity in any way."

In testimony "Romney noted that he regularly traveled back to Massachusetts. "[T]here were a number of social trips and business trips that brought me back to Massachusetts, board meetings, Thanksgiving and so forth," he said."


Romney's sworn testimony was given as part of a hearing to determine whether he had sufficient residency status in Massachusetts to run for governor.

Romney testified that he "remained on the board of the Staples Corporation and Marriott International, the LifeLike Corporation" at the time.


So he testifies based on what he needs people to hear, not based on the truth.!
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Yes, everything he says is based on what he thinks people need to hear, including testimony.
 
Bijou said:
No he isn't. 'Swiftboating' involves distorting and lying about what happened.
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yeah, that is precisely what is occurring. A constant distorting of what VC firms do. A constant distorting of Mitt's involvement with Bain after 1999. A constant distorting of the supposedly 'shut down' firms and what occurred at them. It is one distortion after another.
 
Yes sf please type slower my tiny lady brain can't keep up and I find you so fascinating. Do you mind if stare at you admiringly while you talk?

Anytime sf asks if he should type slower say yes! The slower he types the less he can say! This works in real life too, I do it sometimes. Oh can you repeat that?

Not on me. I talk the way I type, a mile a minute.
 
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