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mzmolly

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Current location: Minnesota
Member since: Sun Oct 19, 2003, 11:29 PM
Number of posts: 49,576

About Me

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Journal Archives

Romney's Profit from Bain's Buyouts: Up to $20,000 Per Laid-off Worker ~ Daily Finance

The excerpt below, is from an older article, though it's worthy of repeating.

Full story:

http://www.dailyfinance.com/2012/06/15/romneys-profit-from-bains-buyouts-up-to-20-000-per-laid-off/

• American Pad & Paper: Bain invested $5 million in the small paper company in 1992, and reportedly collected $100 million in dividends on that investment. AMPAD went bankrupt in 2000, laying off 385 employees.

• Dade Behring: Bain Capital invested $415 million in a leveraged buyout in 1994, borrowed an additional $421 million, and ultimately walked away with $1.78 billion. Dade filed for bankruptcy in 2002, and 2,000 workers lost their jobs.

• DDI Corporation: Bain Capital reportedly invested $46.3 million in 1997, reaping $85.5 million in profits and an additional $10 million in management fees. When the company later went bankrupt, 2,100 workers were laid off.

• GS International: In a somewhat less profitable transaction, Bain Capital invested $60 million in 1993 and received $65 million in dividends. This company, too, went bankrupt in 2002, and 750 workers lost their jobs.

• Stage Stores: Bain invested $5 million to purchase the company and took it public in the mid-'90s, reaping $100 million from stock offerings. Stage filed for bankruptcy in 2000, and 5,795 workers reportedly were laid off.

And so on...


One wonders how many *47%-ers Rmoney created for personal profit?

*Unemployment
*Food Stamps
*Subsidized housing
*Subsidized Medical care

Additionally,

Bain made billions ... it purchased at least five companies that subsequently ended up in bankruptcy even as Bain walked away with eye-popping profits:


Romney and his elitist buddies, generate a 'dependent class' and bitch because we have one. The very people who convince some in the middle class, that the US has a problem with people not taking 'personal responsibility' are destroying the middle class, and putting people in a position to need help from the government.

Isn't it ironic that the upper class, convinces the middle class that the dependent class (which they help create for profit) is the problem?

Obama now ahead +0.1 in RCP average.

http://www.realclearpolitics.com/epolls/2012/president/us/general_election_romney_vs_obama-1171.html



Sure, it's only a slight advantage, but we're trending upward.

Florida's largest paper again backs Obama ~ CNN

(CNN) - The Tampa Bay Times, Florida's largest newspaper, announced on Friday it was again endorsing President Barack Obama, saying he is stronger than Romney on a range of economic, foreign policy, and social issues.
But the paper said it "would like the president to present a sharper vision for a second term."

The Times, which was formerly known as the St. Petersburg Times, split its list of recommended candidates. Besides Obama, it backed Democratic Sen. Bill Nelson in his re-election bid, plus four Republicans and one Democrat seeking re-election to Congress. Rep. Bill Young, one of its recommended candidates, is the longest-serving Republican in the House.

Obama has "capably steered the nation through an incredibly difficult period at home and abroad, often with little help from Congress," the paper said, and "conditions would be far worse without the president's steady leadership."

Romney, they opined, represents "the failed policies of the past."


More > http://politicalticker.blogs.cnn.com/2012/10/19/floridas-largest-paper-again-backs-obama/

Gore won the popular vote - yet Gallup showed an 11 point lead for Bush on this day in 2000.

http://www.pollingreport.com/wh2gen1.htm

10/18-20/00

Gore = 40
Bush = 51
Polled = 718 "Likely Voters"

Thanks to DemocratSinceBirth for this information.

ThinkProgress - Leaked Audio Catches Romney (essentially) Asking Employers To Threaten Jobs ...

If Obama Wins

Newly-discovered audio from a conference call in June captures Mitt Romney asking business owners to urge their employees to vote for him.

Romney, speaking on a call to the very conservative National Federation of Independent Business, tells a group of business owners that they should “make it very clear” how they feel about the candidates. He also tells the business owners to “pass… along to your employees” how their jobs might be effected by who wins in November:

"I hope you make it very clear to your employees what you believe is in the best interest of your enterprise and therefore their job and their future in the upcoming elections. And whether you agree with me or you agree with President Obama, or whatever your political view, I hope — I hope you pass those along to your employees. Nothing illegal about you talking to your employees about what you believe is best for the business, because I think that will figure into their election decision, their voting decision and of course doing that with your family and your kids as well."


Listen at 26:44:

http://thinkprogress.org/election/2012/10/17/1037881/leaked-audio-romney-employers/?mobile=nc


That's my interpretation. And, apparently the interpretation of employers who have recently bullied their employees about the coming election.

Candy Crowley: I Didn't 'Backtrack' On Romney Libya Fact Check

Candy Crowley responded on Wednesday to conservative claims that she had "backtracked" on her fact-check of Mitt Romney during Tuesday night's presidential debate.

Crowley challenged Romney during a discussion of the attacks in Libya. When the GOP candidate told President Obama that he had not called the attacks terrorism for weeks, Obama protested, and Crowley intervened to back him up.

"He did in fact call it an 'act of terror,'" she said, referring to Obama's comments on Sept. 12 that "no acts of terror will ever shake the resolve of this great nation."

Crowley quickly added that Romney was "correct" to say that it took Obama weeks "for the whole idea of there being a riot out there about this tape to come out."


More at link: http://www.huffingtonpost.com/2012/10/17/candy-crowley-libya-fact-check-backtrack_n_1973431.html?utm_hp_ref=media

Second Presidential debate delivered massive ratings ~ Mediabistro

http://www.mediabistro.com/tvnewser/

The second Presidential debate between Pres. Barack Obama and Gov. Mitt Romney delivered massive ratings last night.

As it did for the first two debates, Fox News led the way among the cable news channels garnering 11.1 million viewers, on par with its most-watched telecast ever, the Sarah Palin-Joe Biden debate in 2008. CNN’s Candy Crowley was the moderator of the debate, but it did not appear to give a significant ratings boost to the channel. It was the only cabler to lose viewers compared to the first Presidential debate, and was down significantly from the second Presidential debate in 2008. MSNBC was third in cable news, but was able to improve its viewership compared to both 2008 and the first debate two weeks ago.

Among the broadcasters, preliminarily ABC and NBC are up compared to the first debate, with CBS down. The numbers will adjust when finals are released.


Sadly less people tuned into MSNBC, - more tuned into Fox and CNN. But, good news overall.

Rethinking the first debate.

Today, I've been pondering the President's nodding and taking notes at the first Presidential debate. At the time, I thought perhaps he was allowing Romney to put as much on the table as possible, gathering information about his latest positions so he could come back hard in the second debate. Some call it rope a dope. Others poke fun, suggesting that Obama supporters liken him to a Jedi Master.

Upon further consideration, I believe we simply have a President who listens and gathers information before acting on it. He researches and carefully plans his course. ... Today, when I think about his first performance, I hear the words “Please continue, Governor,” ringing in my ears.



Anyone else putting the first debate into greater context, today?

George Will: ‘This Was Immeasurably The Best Debate’ I Have Ever Seen

“I think there was a winner in the sense that Barack Obama not only gained ground he lost but he cauterized some wounds that he inflicted on himself by seeming too diffident and disengaged.”

“It was a very good fight,” he added. “I have seen every presidential debate in American history since the floor of Nixon and Kennedy in 1960. This was immeasurably the best.”

“I think as a tactical measure tonight, the president did very well,” he concluded.


Wow! To win "the best debate in American history" is uh, quite impressive.

Video here: > http://www.mediaite.com/tv/george-will-this-was-immeasurably-the-best-debate-i-have-ever-seen/

Geraldo Rivera's bizarre tweet - congratulating the President tonight:




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