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kpete

(71,994 posts)
Sun Jun 24, 2012, 12:36 PM Jun 2012

Romney "Sick at Heart" Over Bain Job Losses



Back in 2007, Republican White House hopeful Mitt Romney declared that taking a big payment from a company that later failed "would make me sick, sick at heart." If so, Romney by now must be badly in need of a quadruple by-pass. Because as the New York Times became just the latest to report, through massive consulting fees, sales of stock and, most perversely, dividend payments, Romney and his partners at Bain Capital reaped whirlwind profits even when the companies they acquired collapsed.

Back in January, McClatchy offered this primer on how private equity firms like Bain Capital work, at least on paper. As candidate Romney explained at a GOP debate back in June 2007, "Don't forget that when companies earn profit, that money is supposed to be reinvested in growth."

But as the New York Times documented Friday, large sums of that money were going to Mitt Romney and his Bain colleagues whether their portfolio companies were profitable or not. Put another way, Bain won either way:

Bain structured deals so that it was difficult for the firm and its executives to ever really lose, even if practically everyone else involved with the company that Bain owned did, including its employees, creditors and even, at times, investors in Bain's funds.


...........

http://crooksandliars.com/jon-perr/romney-sick-at-heart-over-bain-job-losses
http://www.nytimes.com/2012/06/23/us/politics/companies-ills-did-not-harm-romneys-firm.html?_r=2&pagewanted=all
22 replies = new reply since forum marked as read
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Romney "Sick at Heart" Over Bain Job Losses (Original Post) kpete Jun 2012 OP
Crying all the way to the bank. BarbaRosa Jun 2012 #1
No he.isn't - once a psycho.always a psycho. Initech Jun 2012 #2
"Romney by now must be badly in need of a quadruple by-pass' marmar Jun 2012 #3
The Tin Man has no heart! nt valerief Jun 2012 #4
He makes the HAL 2000... Wait Wut Jun 2012 #5
Crocodile tears. nt onehandle Jun 2012 #6
and he was frustrated that he wasn't in Vietnam Enrique Jun 2012 #7
He has a strange way of showing it ... napkinz Jun 2012 #19
Nixon Did It Much Better (ass-covering) Demeter Jun 2012 #8
I am too crying! Really. My allergies are really bad today. freshwest Jun 2012 #9
A compound word is a word using spartan61 Jun 2012 #10
Says the man who dried his tears with pink slips and hundred dollar bills thelordofhell Jun 2012 #11
Yeah, he's sick at heart, alright. GoCubsGo Jun 2012 #12
He's sick, period. nt MH1 Jun 2012 #13
He just has no vision. Couldn't see that we was killing jobs. Now he is SDjack Jun 2012 #14
I truly believe he is. Hatchling Jun 2012 #15
Putting struggling co's deeper in debt so Bain could be guaranteed their "fees" BeyondGeography Jun 2012 #16
Living on a steady diet of lies The Blue Flower Jun 2012 #17
Is Mitt Romney a Sociopath? perdita9 Jun 2012 #18
Beats building your own coffin Life Long Dem Jun 2012 #20
remember when presidents FELT our pain? napkinz Jun 2012 #21
LET'S SEE HIS "SICK AT HEART" FACE Skittles Jun 2012 #22

Wait Wut

(8,492 posts)
5. He makes the HAL 2000...
Sun Jun 24, 2012, 12:42 PM
Jun 2012

...look compassionate. I'm fully expecting him to start singing "Daisy" during his concession speech.

Enrique

(27,461 posts)
7. and he was frustrated that he wasn't in Vietnam
Sun Jun 24, 2012, 12:47 PM
Jun 2012

here's him sick at heart over job losses





here's him longing to be in Vietnam




“I longed in many respects to actually be in Vietnam and be representing our country there, and in some ways it was frustrating not to feel like I was there as part of the troops that were fighting in Vietnam.”

spartan61

(2,091 posts)
10. A compound word is a word using
Sun Jun 24, 2012, 01:00 PM
Jun 2012

two words put together to make a new word. The two words I want to put together to make a new one for romney are bull and shit. Together they make BULLSHIT!! This compound word best describes what I think of romney's sick at heart statement.

BULLSHIT!!!

GoCubsGo

(32,084 posts)
12. Yeah, he's sick at heart, alright.
Sun Jun 24, 2012, 01:07 PM
Jun 2012

He's sick because failure of those companies meant less money in his pocket. And, because people are actually finding out how many lives he ruined.

SDjack

(1,448 posts)
14. He just has no vision. Couldn't see that we was killing jobs. Now he is
Sun Jun 24, 2012, 01:36 PM
Jun 2012

"sick at heart", but not enough to return the money.

Hatchling

(2,323 posts)
15. I truly believe he is.
Sun Jun 24, 2012, 02:01 PM
Jun 2012

He sick at heart because the ads detailing his career at Bain are immensely effective. He's sick cause he's been found out.

Sick fuck.

BeyondGeography

(39,374 posts)
16. Putting struggling co's deeper in debt so Bain could be guaranteed their "fees"
Sun Jun 24, 2012, 02:39 PM
Jun 2012

No-fault capitalism...it's a good thing.

 

Life Long Dem

(8,582 posts)
20. Beats building your own coffin
Sun Jun 24, 2012, 07:39 PM
Jun 2012


Bain made $100 million on a $5 million investment by closing down this business. I don't think he cared what happen to the workers.
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