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Hey everyone look into Jeffery Immelt GE has closed 29 plants in the last 2 years and has sent thousands of jobs to China and other countries.
He is obama's appointed JOB CZAR
And you conveniently miss the fact that Obama wanted (and wants) to take away these loop holes.
Governor Romney had a dismal approval rating when he left office in Massacusettes...now why do you think that was? Romney vetoed many bills in Mass and did not really work with the Democrats....
Romney Claims of Bipartisanship as Governor Face Challenge
Romney saved jobs by turning around the companies he bought, that takes more skill then running an already established company, or building a single company. You have to understand financials and how to move the company into a line of work that is profitable.
It is funny to me how many want to attack romney for Bain Capital, but they do not seem smart enough to figure out that he was saving jobs. If 1000 people worked for a company on the verge of folding and them all losing their jobs, with the company being sold for bottom dollar, and Romney with Bain came in and saved just 1 of those jobs, then how is that a bad thing.
But the thing is, many of the companies Bain got involved with were NOT in trouble. They got in hot water when Bain loaded them up with debt they couldn't handle, while Bain made millions. A good explanation of how Bain operated:
That is your anecdotal evidence. What a crock. Vulture capitalist companies like Bain privatize the gains and socialize the losses...In other words, the loss is passed on to other people and they keep all the gain for themselves.
This is who the gain goes to...
Quote:
Bain’s private-equity executives have enriched dozens of organizations and millions of individuals in the Democratic base — including some who scream most loudly for President Obama’s re-election.
Government-worker pension funds are the chief beneficiaries of Bain’s economic stewardship.
* Illinois Municipal Retirement Fund ($2.2 million)
* Indiana Public Retirement System ($39.3 million)
* Iowa Public Employees’ Retirement System ($177.1 million)
* The Los Angeles Fire and Police Pension System ($19.5 million)
* Maryland State Retirement and Pension System ($117.5 million)
* Public Employees’ Retirement System of Nevada ($20.3 million)
* State Teachers Retirement System of Ohio ($767.3 million)
* Pennsylvania State Employees’ Retirement System ($231.5 million)
* Employees’ Retirement System of Rhode Island ($25 million)
* San Diego County Employees Retirement Association ($23.5 million)
* Teacher Retirement System of Texas ($122.5 million)
* Tennessee Consolidated Retirement System ($15 million)
the following public universities invested over $400 million with Bain Capital between 1998 and 2008:
* Purdue University ($15.9 million)
* University of California ($225.7 million)
* University of Michigan ($130 million)
* University of Virginia ($20 million)
* University of Washington ($33 million)
In assessing deals, Romney and partners didn't consider whether they saved or created jobs, according to a former Bain employee who requested anonymity, citing confidentiality guidelines. When Bain partners discussed shutting down failing businesses in which they invested, Romney never suggested they had to do something to save workers' jobs. "It was very clinical," the former employee said. "Like a doctor. When the patient is dead, you just move on to the next patient." (Boston Globe, 1/27/08) As Bain slashed jobs, Romney stayed on sidelines - The Boston Globe
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