Ron Johnson: NOT a success in business

[dragonlady]

Ron Johnson, who wants to be senator from Wisconsin in place of Russ Feingold, harps incessantly on his success in running a business and how that fits him to be a senator. But devastating information says that's baloney.

Johnson's inlaws sold his company, Pacur, to Bowater Industries in 1986 for $17 million. Johnson remained with the new ownership as general manager until 1997 when he and his wife bought the company back for only $2 million!

Even if Bowater wanted to break-even and get out of Pacur what they paid for it, adjusted for inflation, that would be 24.9 million-- miles away from the 2 million that Johnson paid for it.

Running Pacur, is Johnson's only qualification in his bid for the U.S. Senate. Now we find that Johnson did such a lackluster job running that company that Bowater was willing to take a 23 million dollar loss to get rid of Pacur.

http://uppitywis.org/blogarticle/successful-businessman-bowater-bought-pacur-17-million-1986-and

This would be :rofl: if Johnson weren't so close to unseating the most honest and principled senator we have. We're fighting for Russ here on the ground in Wisconsin. If you can help Russ at all in countering the other side's unrelenting assault, here's where to go: http://russfeingold.org/

[LiberalFighter]

1. After I saw Feingold's Social Security commercial I finally gave in and made a contribution.

[xchrom]

2. Recommend

[gratuitous]

3. Ron Johnson made his money the old-fashioned way

He married into it.

[mzteris]

4. Pacur is Johnson's biggest corporate contributor. n/t

[walldude]

5. I can't see that guys name without thinking of

the stereo salesman who deflowered Jennifer Jason Lee in Fast Times at Ridgemont High.

[progressoid]

6. Being a failure in business doesn't seem to matter to Repubs

Case in point: G. W. Bush

[AdHocSolver]

7. K & R. nt