New Obama Ad Highlights Romney's Job Destroying Record at Bain

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    May 14, 2012 12:52 PM GMT
    This is Romney's Achilles Heel and the Obama campaign is officially going for it. The campaign will also hold a conference call with reporters Monday morning to hear from two people involved in the closing of GST Steel: Joe Soptic, a former employee and steelworker for 30 years, and David Foster, the lead negotiator for the workers at GST Steel. The ad features former steelworkers, including Soptic, talking about losing their jobs.

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    May 14, 2012 12:58 PM GMT
    OH thats gonna be a deadly blow!

    Oh thats powerful!
  • GQjock

    Posts: 11649

    May 14, 2012 1:03 PM GMT
    All the way round this man is a mistake

    Economically Socially and Politically
  • HndsmKansan

    Posts: 16311

    May 14, 2012 1:04 PM GMT
    Sounds like he "sucked the place dry" and moved on to the next opportunity. Very sad.

    icon_mad.gif

    Glad Obama is going for the "economic jugular"... I hope he does far more than that!
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    May 14, 2012 2:17 PM GMT
    HndsmKansan saidSounds like he "sucked the place dry" and moved on to the next opportunity. Very sad.

    icon_mad.gif

    Glad Obama is going for the "economic jugular"... I hope he does far more than that!

    Pure nonsense. Will be debunked. Some businesses succeed, some fail. Will see some interviews with Solyndra employees laid off. Same with auto dealership employees after govt took over auto companies.

    Many examples of the businesses that were turned around because of Bain.
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    May 14, 2012 2:20 PM GMT
    socalfitness said
    HndsmKansan saidSounds like he "sucked the place dry" and moved on to the next opportunity. Very sad.

    icon_mad.gif

    Glad Obama is going for the "economic jugular"... I hope he does far more than that!

    Pure nonsense. Will be debunked. Some businesses succeed, some fail. Will see some interviews with Solyndra employees laid off. Same with auto dealership employees after govt took over auto companies.

    Many examples of the businesses that were turned around because of Bain.


    Great ad. Looks like America is getting to know Romney as the flip flopping vicious bully who likes to fire people. The truth comes out!
  • rnch

    Posts: 11524

    May 14, 2012 2:22 PM GMT
    Christian73 saidThis is Romney's Achilles Heel and the Obama campaign is officially going for it. The campaign will also hold a conference call with reporters Monday morning to hear from two people involved in the closing of GST Steel: Joe Soptic, a former employee and steelworker for 30 years, and David Foster, the lead negotiator for the workers at GST Steel. The ad features former steelworkers, including Soptic, talking about losing their jobs.






    "It Is What It Is" icon_exclaim.gif
  • rnch

    Posts: 11524

    May 14, 2012 2:34 PM GMT
    I'm starting to wonder, by choosing such a repugnant, vile, smarmy, unlikeable candidate, that the GOP wants to loose this election on puropose?






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    May 14, 2012 3:09 PM GMT
    Not a fan of Romney by any means, I think Obama would be (somewhat) less disastrous. Still, the arguments advanced against Romney here are based on fallacies and ignorance of economics. Perhaps it doesn't disqualify them as a useful propaganda piece, but it does disqualify them from being taken seriousl. They attack one of the very few positive qualities of Romney - his successfull business career. At the end of the day though, Obama and Romeny are both equally militaristic, imperialistic, civil liberties destroying, big business bailing, welfare-warfare state advancing centrists. All differences between them are illusory and insignificant - just like those between G.W. Bush and Obama. Even such eminent liberals as Glenn Greenwald are openly writing about it:

    "Meanwhile, Obama has turned out to represent continuity with the Bush administration on a range of key issues, from torture to rendition to economic deregulation. Obama is doing things with extralegal drone strikes that would have liberals marching in the streets if they’d been done by Bush. . . .

    In other words, Obama versus McCain actually felt like a clash of ideological opposites. But Obama and Romney feels like a contest between two calculating centrists, fighting for the right to serve as figurehead atop a bloated state apparatus that will operate according to the same demented imperial logic irrespective of who wins the White House."

    http://www.salon.com/2012/05/11/various_matters_17/singleton/
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    May 14, 2012 3:10 PM GMT
    socalfitness said
    HndsmKansan saidSounds like he "sucked the place dry" and moved on to the next opportunity. Very sad.

    icon_mad.gif

    Glad Obama is going for the "economic jugular"... I hope he does far more than that!

    Pure nonsense. Will be debunked. Some businesses succeed, some fail. Will see some interviews with Solyndra employees laid off. Same with auto dealership employees after govt took over auto companies.

    Many examples of the businesses that were turned around because of Bain.


    Incorrect. Bain purposefully destroyed companies to extract their resources for the enrichment of themselves.
  • CuriousJockAZ

    Posts: 19119

    May 14, 2012 3:35 PM GMT
    Radamisto saidthe arguments advanced against Romney here are based on fallacies and ignorance of economics.



    ^^^THIS^^^


    Christian73 saidBain purposefully destroyed companies to extract their resources for the enrichment of themselves.



    Welcome to the business world. It's a competitive place. In a Free enterprise system where capitalism is the rule of the day, there are WINNERS and LOSERS --- some businesses make it, others do not. When businesses fail, people lose their jobs. It's just the way it works. However, when businesses succeed and then grow, jobs are created. Successful businesses "enrich" those who run them. That's a good thing, no?

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    May 14, 2012 4:16 PM GMT
    CuriousJockAZ said
    Radamisto saidthe arguments advanced against Romney here are based on fallacies and ignorance of economics.



    ^^^THIS^^^


    Christian73 saidBain purposefully destroyed companies to extract their resources for the enrichment of themselves.



    Welcome to the business world. It's a competitive place. In a Free enterprise system where capitalism is the rule of the day, there are WINNERS and LOSERS --- some businesses make it, others do not. When businesses fail, people lose their jobs. It's just the way it works. However, when businesses succeed and then grow, jobs are created. Successful businesses "enrich" those who run them. That's a good thing, no?



    That's not what Romney and Bain have done. The purchased companies, loaded them up with debt while extracting equity and huge management fees, while laying off employees, until the companies' imploded under the weight of acquired debt and went bankrupt.
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    May 14, 2012 5:26 PM GMT
    Christian73 said
    CuriousJockAZ said
    Radamisto saidthe arguments advanced against Romney here are based on fallacies and ignorance of economics.



    ^^^THIS^^^


    Christian73 saidBain purposefully destroyed companies to extract their resources for the enrichment of themselves.



    Welcome to the business world. It's a competitive place. In a Free enterprise system where capitalism is the rule of the day, there are WINNERS and LOSERS --- some businesses make it, others do not. When businesses fail, people lose their jobs. It's just the way it works. However, when businesses succeed and then grow, jobs are created. Successful businesses "enrich" those who run them. That's a good thing, no?



    That's not what Romney and Bain have done. The purchased companies, loaded them up with debt while extracting equity and huge management fees, while laying off employees, until the companies' imploded under the weight of acquired debt and went bankrupt.

    You're too far gone to be open to facts, but for the others I will bump a couple of threads on Bain and private equity that were created during the primaries.
  • nanidesukedo

    Posts: 1036

    May 14, 2012 5:29 PM GMT
    socalfitness said
    Christian73 said
    CuriousJockAZ said
    Radamisto saidthe arguments advanced against Romney here are based on fallacies and ignorance of economics.



    ^^^THIS^^^


    Christian73 saidBain purposefully destroyed companies to extract their resources for the enrichment of themselves.



    Welcome to the business world. It's a competitive place. In a Free enterprise system where capitalism is the rule of the day, there are WINNERS and LOSERS --- some businesses make it, others do not. When businesses fail, people lose their jobs. It's just the way it works. However, when businesses succeed and then grow, jobs are created. Successful businesses "enrich" those who run them. That's a good thing, no?



    That's not what Romney and Bain have done. The purchased companies, loaded them up with debt while extracting equity and huge management fees, while laying off employees, until the companies' imploded under the weight of acquired debt and went bankrupt.

    You're too far gone to be open to facts, but for the others I will bump a couple of threads on Bain and private equity that were created during the primaries.


    Instead of gravedigging a bunch of your threads, how about just reposting the links?

    Keeps the board less cluttered..