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He did not build companies the old-fashioned way—out of inspiration, perspiration, and a long slog in the free market fostering a new product, service, or process of production. Instead, he spent his 15 years raising debt in prodigious amounts on Wall Street so that Bain could purchase the pots and pans and castoffs of corporate America, leverage them to the hilt, gussy them up as reborn “roll-ups,” and then deliver them back to Wall Street for resale—the faster the better.
[LEFT]Read more at Mish's Global Economic Trend Analysis: Does Mitt Romney Know What It Takes To Create Jobs? Did He Ever Create Any?
[/LEFT]
He did not build companies the old-fashioned way—out of inspiration, perspiration, and a long slog in the free market fostering a new product, service, or process of production. Instead, he spent his 15 years raising debt in prodigious amounts on Wall Street so that Bain could purchase the pots and pans and castoffs of corporate America, leverage them to the hilt, gussy them up as reborn “roll-ups,” and then deliver them back to Wall Street for resale—the faster the better.
[LEFT]Read more at Mish's Global Economic Trend Analysis: Does Mitt Romney Know What It Takes To Create Jobs? Did He Ever Create Any?
[/LEFT]
Jees, 4 years ago left wing kooks were using Warren Buffets endorsement of Obama as vindication that we should vote for him.. Now comes along Romney, who does the same thing Buffet does, and its suddenly bad..
Jees, 4 years ago left wing kooks were using Warren Buffets endorsement of Obama as vindication that we should vote for him.. Now comes along Biden, who does the same thing Buffet does, and its suddenly bad..
hypocrites..
but Buffet is a friend of Obama so it is okay.
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.
Jees, 4 years ago left wing kooks were using Warren Buffets endorsement of Obama as vindication that we should vote for him.. Now comes along Romney, who does the same thing Buffet does, and its suddenly bad..
The man is a thief by any and all accounts. He defrauded workers, owners, investors and banks and got away with it. I do not know why the financial community tolerates his company.
If you have ever driven by a Staples store you know the OP is a lie.
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.
When you compare Obama who is a financial speculator (green energy?), who bought and sold this country, and stripped people of their dignity reducing them to welfare and causing many to lose their homes to Mitt, Obama wins hands down!!!!
When you compare Obama who is a financial speculator (green energy?)...
You have an absurd idea of financial speculation. But, that is only a small part of the tendencies of a Romney loyalist (or, is it better served as: anti-Obama?)
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