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Old 10-16-2012, 05:48 PM
 
Location: Eastern Colorado
3,887 posts, read 5,749,491 times
Reputation: 5386

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Quote:
Originally Posted by DJboutit View Post
R Money Killed K B Toys 15,000 jobs were killed you can not make this stuff way more than Obama have ever killed
KB toys was well on its way to closing before romney bought it, their crap was 20-30% higher then you could get it elsewhere, and you did not even have to deal with the mall crap to get them.
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Old 10-16-2012, 05:50 PM
 
7,542 posts, read 11,578,218 times
Reputation: 4078
KB Toys at the time was the 2nd most successful toy chain how is that going under
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Old 10-16-2012, 05:56 PM
 
69,368 posts, read 64,128,317 times
Reputation: 9383
Quote:
Originally Posted by DJboutit View Post
KB Toys at the time was the 2nd most successful toy chain how is that going under
As usual you have no idea what the hell you're talking about. KB Toys was entering restructuring and closing down stores through the 1990's. Bain didnt buy them until 2000. They had multiple bankruptcies
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Old 10-16-2012, 05:56 PM
 
27,624 posts, read 21,133,586 times
Reputation: 11095
Quote:
Originally Posted by Zyngawf View Post
Ya but, when Obama invests in a business it totally loses, goes bankrupt and makes no money. That makes him a hero in the eyes of the left, because there is no money made for anyone. Profit is evil, so every time he does something that fails and doesn't profit anyone it looks good to them. It makes him sound better to them because he never gives profit any priority, but rather just throws money, our tax money at things to do a temporary quick fix that never holds. When has he ever saved any jobs?
Very ignorant not to understand that Solyndra failed due to it's business model, not because the alternative energy industry isn't thriving and growing, but due to azz backwards thinking by the right wing and their cronies in oil and coal, the Chinese are laughing all the way to the bank with the profits from a sector created by American innovation.

Ask GM when Obama saved jobs and BTW...the economy is improving. Read a newsapaper!
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Old 10-16-2012, 06:00 PM
 
7,542 posts, read 11,578,218 times
Reputation: 4078
Some people will only believe Faux Snooze. If Faux Snooze had a fake story about Obama messing around with 5 little kinds like 30 yrs ago or Obama stole $200k for a charity that helped underprivileged children you would have republican nut jobs screaming for the truth even though no other news organization was talking about this
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Old 10-16-2012, 06:02 PM
 
Location: A safe distance from San Francisco
12,350 posts, read 9,724,359 times
Reputation: 13892
Quote:
Originally Posted by sickofnyc View Post
Greed and Debt: The True Story of Mitt Romney and Bain Capital

How the GOP presidential candidate and his private equity firm staged an epic wealth grab, destroyed jobs – and stuck others with the bill


Mitt Romney, it turns out, is the perfect frontman for Wall Street's greed revolution. He's not a two-bit, shifty-eyed huckster like Lloyd Blankfein. He's not a sighing, eye-rolling, arrogant jerkwad like Jamie Dimon. But Mitt believes the same things those guys believe: He's been right with them on the front lines of the financialization revolution, a decades-long campaign in which the old, simple, let's-make-stuff-and-sell-it manufacturing economy was replaced with a new, highly complex, let's-take-stuff-and-trash-it financial economy. Instead of cars and airplanes, we built swaps, CDOs and other toxic financial products. Instead of building new companies from the ground up, we took out massive bank loans and used them to acquire existing firms, liquidating every asset in sight and leaving the target companies holding the note. The new borrow-and-conquer economy was morally sanctified by an almost religious faith in the grossly euphemistic concept of "creative destruction," and amounted to a total abdication of collective responsibility by America's rich, whose new thing was making assloads of money in ever-shorter campaigns of economic conquest, sending the proceeds offshore, and shrugging as the great towns and factories their parents and grandparents built were shuttered and boarded up, crushed by a true prairie fire of debt.

Greed and Debt: The True Story of Mitt Romney and Bain Capital | Politics News | Rolling Stone
I've never seen a better synopsis of the disease that America came down with during the Reagan years.
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Old 10-16-2012, 06:03 PM
 
69,368 posts, read 64,128,317 times
Reputation: 9383
Quote:
Originally Posted by sickofnyc View Post
Very ignorant not to understand that Solyndra failed due to it's business model, not because the alternative energy industry isn't thriving and growing, but due to azz backwards thinking by the right wing and their cronies in oil and coal, the Chinese are laughing all the way to the bank with the profits from a sector created by American innovation.

Ask GM when Obama saved jobs and BTW...the economy is improving. Read a newsapaper!
So Solyndra had a failed business model, but Obama loaned them money anyways..

But yes, its right wingers who need coal and oil to blame

Hey Sick, do you have a solar grid powering that computer?
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Old 10-16-2012, 06:29 PM
 
Location: A safe distance from San Francisco
12,350 posts, read 9,724,359 times
Reputation: 13892
Quote:
Originally Posted by Ariadne22 View Post
Yes - and it's totally and completely LEGALIZED THEFT. These are people are CRIMINALS and should be forced to pay back what they STOLE.

Just like you or I going out and maxing out all our CC lines of credit. Right now I've got $100k I don't use. Waiting a while, and then filing bankruptcy. Meanwhile, I've still got the $100k hidden around somewhere. It's easy to do, because most bankruptcy trustees don't check on where the money went, especially for the smaller fry, like us. We're all just too stupid and naive to do something that DISHONEST.

Not the big boys - loading up with debt (other people's money), paying yourselves, and then declaring bankruptcy is SMART.

See - that's what separates these titans from the rest of us.

They have
no CONSCIENCE.


Meanwhile, we're stupid and poor. We need to learn from our masters.
That is what I've been saying for years. What separates the rich from average people is integrity level in inverse proportion. Everyone who has spent a few recent years in corporate America knows this, whether they're honest enough to admit it or not.

Wealth has nothing to do with intelligence and much less to do with hard work. It comes from willingness to work the system with no moral compass. Pure and simple.

Never in our history have we faced a foe more threatening to our freedom and prosperity as a nation than what American Big Business has mutated into. And the answer sure doesn't lie in taxes.

Corporate law needs to be reworked from a clean slate.
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Old 10-16-2012, 06:39 PM
 
4,571 posts, read 3,521,064 times
Reputation: 3261
Give it up, *******s, it ain't working for you.
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Old 10-16-2012, 06:49 PM
 
48,502 posts, read 96,877,697 times
Reputation: 18304
He basically was a businessman who bought and saved firms thast were goig downhil;l. You know the way Obama did with GM and Chrysler but that wa for the votes.
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