CNBC's Jim Cramer on Bain: "They fired a lot of people and that's how they got prosperity for the rich."

  • Posted by a hidden member.
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    May 21, 2012 4:32 AM GMT
    Mittens is going to be dogged by this through November.

    ThinkProgressThe private equity firm co-founded by presumptive GOP presidential nominee Mitt Romney “fired a lot of people” to get “prosperity for the rich,” CNBC analyst Jim Cramer said during an appearance on Meet The Press this morning. During a panel discussion on the effectiveness of an ad from President Obama’s campaign highlighting Romney’s past at Bain Capital, which bankrupted nearly a quarter of the companies in which it invested while making billions of dollars, Cramer said the firm’s past earned Romney a reputation as a “job destroyer, not a creator.”


    Video at link:

    http://thinkprogress.org/economy/2012/05/20/487367/cnbc-analyst-bain-capital-fired-a-lot-of-people-to-get-prosperity-for-the-rich/
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    May 21, 2012 4:53 AM GMT
    Here are some facts, but there is more than a 15 second propaganda nonsense. Getting pretty desperate.

    http://www.realjock.com/gayforums/2048036/
  • CuriousJockAZ

    Posts: 19138

    May 21, 2012 5:04 AM GMT
    Christian73 saidMittens is going to be dogged by this through November.

    ThinkProgressThe private equity firm co-founded by presumptive GOP presidential nominee Mitt Romney “fired a lot of people” to get “prosperity for the rich,” CNBC analyst Jim Cramer said during an appearance on Meet The Press this morning. During a panel discussion on the effectiveness of an ad from President Obama’s campaign highlighting Romney’s past at Bain Capital, which bankrupted nearly a quarter of the companies in which it invested while making billions of dollars, Cramer said the firm’s past earned Romney a reputation as a “job destroyer, not a creator.”


    Video at link:

    http://thinkprogress.org/economy/2012/05/20/487367/cnbc-analyst-bain-capital-fired-a-lot-of-people-to-get-prosperity-for-the-rich/



    Christian, you and your WISHFUL THINKING icon_lol.gif They fired people...maybe those who were fired sucked at what they did and as a result the businesses were failing. People get fired ALL the time, and it doesn't necessarily mean someone in the higher ups is trying to screw them over. Businesses are in business to make a profit and be successful. When that isn't happening, heads roll. It's not personal...It's business.
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    May 21, 2012 5:06 AM GMT
    http://www.foxnews.com/politics/2012/05/20/cory-booker-slams-obama-campaign-for-attack-on-romney-bain-record/?test=latestnews
  • GQjock

    Posts: 11649

    May 21, 2012 12:42 PM GMT
    To all the republican excuse makers out there?

    How is it that you think Bain made money?
    And what do you think venture capitalism IS?

    These companies go into businesses that aren't doing well
    They cut slash and burn
    ....... And because of that the company ... Yes is leaner and looks better on paper and they sell it at a profit

    BUT .... One thing you forget
    Thoses slashes? .... They wind up to be fatal
    Death by a thousand cuts as the Japanese used to say

    That's why these companies go out of business after Bain dumps them
    If they were so good at HELPING these companies?
    Where is the poster child business that Bain resurrected from the dead?
    Where is the shining example of atruistic capitalism?

    Vulture Capitalism....... Couldn't have come up with a better moniker
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    May 21, 2012 2:21 PM GMT
    GQjock saidTo all the republican excuse makers out there?

    How is it that you think Bain made money?
    And what do you think venture capitalism IS?

    These companies go into businesses that aren't doing well
    They cut slash and burn
    ....... And because of that the company ... Yes is leaner and looks better on paper and they sell it at a profit

    BUT .... One thing you forget
    Thoses slashes? .... They wind up to be fatal
    Death by a thousand cuts as the Japanese used to say

    That's why these companies go out of business after Bain dumps them
    If they were so good at HELPING these companies?
    Where is the poster child business that Bain resurrected from the dead?
    Where is the shining example of atruistic capitalism?

    Vulture Capitalism....... Couldn't have come up with a better moniker

    Pretty clueless. If you want to learn about private equity in general and Bain in particular, take a look at the link I provided above. I don't think you will because the facts will challenge the nonsense you wrote.
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    May 21, 2012 2:25 PM GMT
    Mittens: i like firing people.

    Way to go mittens. You ruined peoples lives so u and your cronies would get richer and richer. Now Repubs are making excuses so the fat cats can do it all again!
  • GQjock

    Posts: 11649

    May 21, 2012 3:45 PM GMT
    socalfitness said
    GQjock saidTo all the republican excuse makers out there?

    How is it that you think Bain made money?
    And what do you think venture capitalism IS?

    These companies go into businesses that aren't doing well
    They cut slash and burn
    ....... And because of that the company ... Yes is leaner and looks better on paper and they sell it at a profit

    BUT .... One thing you forget
    Thoses slashes? .... They wind up to be fatal
    Death by a thousand cuts as the Japanese used to say

    That's why these companies go out of business after Bain dumps them
    If they were so good at HELPING these companies?
    Where is the poster child business that Bain resurrected from the dead?
    Where is the shining example of atruistic capitalism?

    Vulture Capitalism....... Couldn't have come up with a better moniker

    Pretty clueless. If you want to learn about private equity in general and Bain in particular, take a look at the link I provided above. I don't think you will because the facts will challenge the nonsense you wrote.


    I love it when you say things with no back up icon_biggrin.gif
    [url]
    http://www.washingtonpost.com/blogs/ezra-klein/post/the-two-faces-of-mitt-romney-and-bain-capital/2012/01/10/gIQArYmRoP_blog.html
    [/url]