1. Mediaite
  2. Gossip Cop
  3. Geekosystem
  4. Styleite
  5. SportsGrid
  6. The Mary Sue
  7. The Jane Dough

ABC News Debate Ignores Mitt Romney’s Admission That His Bain Jobs Claim Is Bunk

video
» 103 comments

At Saturday night’s ABC News/WMUR Republican presidential debate at Saint Anselm College in New Hampshire, moderator George Stephanopoulos began to press former Massachusetts Gov. Mitt Romney on his claim to have created 100,000 jobs at Bain Capital, but after extracting a major admission from Romney about a glaring flaw in that calculation, Stephanopoulos mysteriously ignored it completely.

After asking Newt Gingrich about a new short film attacking Romney’s tenure at Bain Capital, Stephanopoulos asked Gov. Romney to respond. Among other things, Romney said he was “proud of the fact that the two enterprises I led were quite successful,” and that “in the business I had, we invested in over 100 different businesses and net-net, taking out the ones where we lost jobs and those that we added, those businesses have now added over 100,000 jobs.”

“Now, there have been questions about that — that — that calculation of a hundred thousand jobs,” Stephanopoulos said. “I’ve read some analysts who look at it and say that you’re counting the jobs that were created but not counting the jobs that were taken away. Is that accurate?”

“No, it’s not accurate,” Romney replied. “It includes the net of both. I’m a good enough numbers guy to make sure I got both sides of that.”

That’s not true, according to his campaign, but we’ll come back to that.

Stephanopoulos pointed out, “But that includes jobs that were created even after you left, right?”

“Oh, yes. Oh, yes,” Romney replied. ” Those — those are businesses we started that continue to grow.”

Here’s the clip, from ABC News:


For some reason, after exposing part of the recipe for Romney’s cooked jobs claim, Stephanopoulos just dropped the whole thing. The fact is, Romney’s claims about Bain are a cheat from both ends. Not only is he taking credit for jobs that were added long after Romney’s involvement, he’s also cherry-picking the top three examples and ignoring the “over 100 different businesses” that Bain raided under his tenure.

That’s according to Romney’s campaign, who told The Washington Post‘s Glenn Kessler that “the 100,000 figure stems from the growth in jobs from three companies that Romney helped to start or grow while at Bain Capital: Staples (a gain of 89,000 jobs), The Sports Authority (15,000 jobs), and Domino’s (7,900 jobs).” (This is good reporting by Kessler, but lousy “fact-checking,” ratings-wise; he inexplicably rates the completely useless jobs claim at 1, out of a possible 4, “Pinocchios,” and has a history of such generosity toward Romney.)

By all accounts, arriving at a net jobs figure for Romney’s tenure at Bain is impossible, and while that unknowable number is somewhat relevant, the real point is that people’s jobs are incidental to Bain’s mission. Indeed, the firm’s modus operandi, buying companies and extracting maximum short-term profit by cutting costs (i.e. layoffs), then selling them before they either collapse or are fixed by the next guy, tends to encourage job losses, not gains. It’s possible that even when Bain acquisitions gained jobs, those companies would have gained more jobs, had Bain left them alone.

Mitt Romney’s pitch is that his skill as a businessman qualifies him to fix our economy, but his real skill is creating wealth for people who are already wealthy (like Mitt Romney and Friends). We already live in that America, and have for a long time.

For a different look at Romney’s time at Bain, check out this segment of Up With Chris Hayes, in which, among other things, author Josh Kosman points out that “during (Romne’ys) time (at Bain), the ten biggest investments, five went bankrupt, yet Bain did very well.”

He goes on to tell the story behind the numbers of such Bain “success” stories as Domino’s Pizza, which had to revive itself with an unprecedented “sorry our pizza was so shitty” campaign, and Sealy Mattresses, whose cost-cutting led to huge profits for Bain, but also kneecapped their long-term ability to compete.

What so-called “pro-business” Republicans who worship the Mitt Romneys of the world fail to realize is that a strong economy rests on three pillars: businesses, workers, and consumers. Romney, and Bain,  bloat the first pillar by eating huge chunks out of the latter two, then run to those same people (in the form of the federal government) to dig them out when the roof collapses.

Here’s the segment, from MSNBC’s Up With Chris Hayes:


Follow us on Twitter.

Sign up for Mediaite's daily newsletter.

Email Twitter Facebook Digg Reddit Stumble Upon Yahoo Buzz LinkedIn Tumblr Delicious
  • Gloves Aaron Donahue

    Romney was and is a successful businessman. You want a failure?
    Business is tough. It’s not non-profit, and it’s not a charity.

    My field is gritty and dog eat dog, as most endeavors are.
    That’s competition. That’s life.

  • Jane

    Yet, you blame Obama for the failure of  Solyndra.    Go figure.   

  • Gloves Aaron Donahue

    I’ve read that Romney is careful with his own money, and his kids say he’s cheap.
    Obama hands out money and favors to his supporters and donors, he hires czars and Mrs. O. has 28 assistants. You think that won’t stop with a President Romney?

    He won’t be having Alice in Wonderland type parties, eating Kobe beef and swilling champagne and Scotch ( or even coffee or Coke) when the people are struggling nationwide. He did not take a salary as Governor and likely will not as President.

  • Gloves Aaron Donahue

    Obama had no business handing out taxpayer money, just because it fits his Green agenda.
    The free market will invest in a promising business.

    The Chevy Volt is Obama’s Edsel, and there are numerous examples of waste that should never have occurred.

  • Anonymous

    Vulture capitalism, locust capitalism, you name it. It all comes up the same in their trickledown world. They really think what’s best for them is best for the country instead of the evidence-based reality of the opposite.

    Thirty years of “capitalism” destroying our society and they still don’t get it.
     

  • Hout Bosques

    Yet, the Obama administration claim about the need to invest in new ventures like Solyandra, in order to get the U.S. to energy independence & off its addiction to climate-killing fossil fuels, is not just working – it’s paying off in some amazingly positive ways:

    http://nationalinterest.org/commentary/the-end-the-nuclear-renaissance-6325 

  • The Real Royal Emperor

    Imagine Big Petty making a baseless, self-serving claim. Fact is Willard succeeded in a predatory businesss. If corporations and other business forms are people, Bain is a soulless person, as is its former director, Willard Mitt Romney.

  • Hout Bosques

    Right you are: in addition to Romney being a vulture capitalist, he’s a cheap, selfish bastard who stiffs people.

  • Anonymous

    Tommy, you are really scared of Mitt.  You get more shrill by the day.  Stop your whining.

  • The Real Royal Emperor

    No doubt Willard hasn’t a charitable bone in his body and that he enjoys firing people.

  • Gloves Aaron Donahue

    Your own business is “predatory”, Robert. I’ve read on the Internet that you are a hair stylist and salon owner. Do you keep on a beautician who does not bring in business, and costs you money? For an enterprise to survive and grow, the dead wood must go. So it’s better to close your doors, and all go on the dole?

  • Gloves Aaron Donahue

    Prove it or stop lying.

    (Fat chance)

  • Hout Bosques

    Great long article by Tommy Christopher, certainly long by Mediaite standards.   

    This article picks up on something that most of the 99% aren’t aware of: that some time after Reagan first was sworn in as president, all the major accounting firms & investment houses started up divisions in something called “wealth management”.   

    The idea was to go seek out rich people & sell them on the idea of them being able to combine their wealth into larger & larger entities which could exert political power on matters of common interest touching on the maintenance of their wealth – - not MARKET power, because markets are too risky, unpredictable & volatile: POLITICAL power, through lobbying & essentially buying politicians – to get laws & regulations altered & passed (particularly through bills affecting relatively unnoticeable so-called “minor” amendments & then through expanding through a cooperative administration’s regulations the holes created by those amendments).  

    Romney was right at the forefront of that trend. It had nothing whatsoever to do with starting businesses or saving businesses, leave aside “job creation”. His division at Bain would approach the owners & boards of directors of businesses with little to no public ownership component but large employee pension funds, particularly OLDER owners, of businesses that had started in the 1950s during the rise of unionized industrialization, & show them how, by putting themselves in the hands of  Bain CC, they could not only get out a greater return from their share ownership than the market supported, but could also ensure a greater future return on their realized capital by leaving their initial returns with Bain.  

    But, as I’ve written here before, Romney always had political ambitions; indeed, that’s why he went into the COMBINED Harvard Law & MBA program, because his father George, who himself had run for president in 1963-4, was adamant that a law degree, even one that might never be used, would turn out to be an asset to young Willard’s political career. And that ambition played a critical part in WHY the division Bill Bain asked Willard to head up, which was not aimed at new ventures at all, got involved in a peripheral way – just enough to take some shared credit for it – with a number of start-ups, in particular Staples. This was a condition Willard insisted on for him agreeing to take on the particular division from which job he’s made a number of hundreds of millions of dollars. Indeed, Willard insisted that those start-ups be done before he committed his division to even it’s first wealth management project.

    Finally, note the NATURE of those very few start-ups: franchise operations, ALL of them, & moreover in low-wages service industries. That was a deliberate choice by Willard, because it minimized the risk of those businesses failing; failures would occur at the franchise level, not the franchise licence owner level. 

    Willard really puts the “con” into conservative.

  • Holistic

    Where is Tommy critique of George and ABCs pathetic attempt at bias last night. Oh, wait, Tommy is carrying the water for the Dems.

  • http://pulse.yahoo.com/_4IEH4WSKGIN6TVMU4DNS77TL4U melina

    @Holistic:disqus Would you like to work from home? Read more here: http://1url.com/pUx and you will find out how to get a nice income every month.

  • Anonymous

    I heard Willard monitors his children’s water use in the bathroom and requires them to use regular unleaded gas…..wow. Though he didn’t seem to mind putting thousands out of their jobs so he can have the lifestyle he enjoys.  When all of America sees the photo of Mittens in his hay day at Bain, waving money around and with hundred dollar bills sticking out of his clothes, his days are numbered.

  • http://pulse.yahoo.com/_3GKFVYE4ERPTIPL3NJ3S7COQGY Doc P

    Hes a crook. Period. Ever heard of integrity? Moral compass? Thats life, too. Idiot.

  • http://pulse.yahoo.com/_3GKFVYE4ERPTIPL3NJ3S7COQGY Doc P

    Thats a bs argument. Youre a typical contard ijit.

  • http://pulse.yahoo.com/_3GKFVYE4ERPTIPL3NJ3S7COQGY Doc P

    You start proving ANY of the drivel you post, first. Actions speak louder than words and Willard has soken LOUDLY, that is unles your and ijit…

  • Hout Bosques

    Hey, I AM scared of Willard. If he gets in as president, we can all kiss good-bye the possibility of ever stopping the banksters & mega corporations from taking this country back to the 1890s.

  • http://pulse.yahoo.com/_3GKFVYE4ERPTIPL3NJ3S7COQGY Doc P

    Your post sounds kinda whiny, are you scared of Tommy,lol?

  • http://www.facebook.com/people/Rick-Shoaf/100000918279221 Rick Shoaf

    “The Chevy Volt is Obama’s Edsel, and there are numerous examples of waste that should never have occurred.”

    The engineering on the Volt began WELL before Obama even started thinking about running for President.  The Volt concept car was unveiled at the January 2007 North American International Auto Show, with work beginning on it in 2006.  It has NOTHING to do with Obama. 

    And as far as waste.. I can think of several TRILLION dollars of waste called the Iraq and Afghanistan wars for oil… 1/4 of our national debt.

    “Obama had no business handing out taxpayer money, just because it fits his Green agenda.”

    Oh you mean like Bush handing out taxpayer money to his billionaire banker buddies?

    “The free market will invest in a promising business.” 

    Ya, that worked out really well in the late 1800′s with that whole Robber Baron nonsense huh?

  • http://www.facebook.com/people/Rick-Shoaf/100000918279221 Rick Shoaf

    LOL careful with his own money???  LOL you’re joking right?  This is the guy that bulldozed his 3000 sq ft mansion so he could build a 12000 sq ft replacement.  That doesn’t sound cheap or careful with his money. 

  • Hout Bosques

    He’s certainly a liar; he even lied to Newt & all the rest of us today:

    http://www.washingtonpost.com/blogs/election-2012/post/new-hampshire-debate-meet-the-press–facebook-debate-transcript/2012/01/08/gIQAqYMDjP_blog.html 

    Relevant excerpt, in response to Newt’s demand that he own up to being the one who let out the SuperPac dogs on Newt:

    ROMNEY: Well, of course it’s former staff of mine. And, of course they’re people who support me. They wouldn’t be putting money into a PAC that supports me if they weren’t people who support me. And with regards to their ads, I haven’t seen them. And, as you know, under the law, I can’t direct their ads.  

    [ then ]  
      
    ROMNEY: Hold on a second. I — I can’t direct their ads. If there’s anything in them that’s wrong, I hope they take it out. I hope everything that’s wrong   
    GINGRICH: Good.  ROMNEY: — is taken out. But let me tell you this. The — the ad I saw said that — that you’d been forced out of the speakership. That was correct. It said that — that you had sat down with Nancy Pelosi and — and argued for — for a climate change bill. That was correct. It said that you called the — the Ron Paul’s — Ron Paul — Paul Ryan’s plan to bu — to provide Medicare refor … a — a — a right-wing social engineering plan. It said that — that as part of an investigation, an ethics investigation, that you had to reimburse some $300,000. Those things were all true.  —Okey dokey, Willard: which is it? Is it “I haven’t seen them”, or that you studied the living shit out them to make sure they carried the message you wanted out there?

  • Anonymous

    The “Up With Chris Hayes” is priceless!

  • Anonymous

     Bain Capital with Romney at the head destroyed jobs,  became wealthier than sin,  and did not  reinvest in the nation.   

  • Anonymous

    You would be frighten too after watching the  ”Up With Chris Hayes”  clip.   Take a few minutes and check it out, it is  priceless!

  • Anonymous

    I’m scared of Willard and Bain Capital! 

  • Anonymous

    And Romney was leading the charged!

  • Anonymous

    I wanted him to reinvest in America. He made bundles. Bain Capital with Romney at the head was like a vampire on the American businesses and manufacturing industries.  It drained them of their blood and left the carcass.– and failed to reinvest in the nation.  No trickle-down here!

  • Anonymous

    Yeah, how many business did Romney as the head of Bain Capital did he destroy?  How many jobs has he cost this nation?  Why didn’t he reinvest in America?

  • Anonymous

    The facts are that on both the right and the left there is to much spending and government involvement.Obama has continued failed BIG government policies that only help the wealthy it is a bottom down approach that has hurt this country. Wake up and look for a person who can unite and guide this country to prosperity. He has lied about almost everything he said he would do he is the judas to our great nation he has betrayed us on so many levels. Quit blindly loving this man who does not care about you this country or it’s future

  • Anonymous

    Romney did not reinvest in the country that he loves.  He destroyed jobs. Bankrupt businesses, and horded  the money. Say what you will about Solyndra, but it  did not undermine the economic well-being of the nation like Romney and Bain Capital.

  • Anonymous

    I believe in capitalism I do not believe Romney or Baine capital looked at the whole picture we have a moral obligation. While we make our companies work and make a profit we do not do so at the expense of human beings. My father always taught me never do business if what you are doing is not good for all involved it is called integrity honesty and  the knowledge that money is not the only driving force in our endeavors we have the responsibility to uplift our community to make it a better place through hard work and principles and I am a conservative Christian If people lived as I just described we would see capitalism thrive and the need for govt. involvement decrease dramatically.

  • Anonymous

    Where do you live that 3000 sqf. is a mansion my home is 4500 sqf. and is just big enough for my family

  • Anonymous

    “By all accounts, arriving at a net jobs figure for Romney’s tenure at Bain is impossible”

    Tommy boy spends the first half of the article postulating that Romney lied about how many jobs he created. Then he admits that is impossible to prove, his accusation. Typical democrat propagandist! False accuser

  • Anonymous

    There nothing more entertaining than Tommy Christopher, the guy who doesn’t have a journalism degree nor resume including any serious publication or outlet, trying to create a niche from himself of pious media watchdog. Reading him lecture those far higher on the food chain and more qualified than he is like watching Jack Kevorkian teach the Heimlich maneuver. Go tweet another heart attack, fat boy…

  • http://www.facebook.com/people/Bart-Morgay/100001554351938 Bart Morgay

    Liar! Liar! Magic Underwear on fire!

  • Anonymous

    I agree with just about everything you said. Business has no morals and has only one purpose and that purpose is profit. Anybody that doesn’t know or can’t figure out what Romney’s all about is an idiot. My only objection is the way he frames himself as a job creator. He represents big business and big money. If he’s elected he’ll loosen regulation and cut taxes for the highest earners. Obama will attempt to help out the little guy but will also continue to answer to big money. That’s the choice in the election. All the rest is BS.

  • Anonymous

    Hahahahaha. What? Are you a Duggar? 4500 square feet would be palatial for the vast majority of American families. I sure hope you’re being subtly sarcastic, otherwise you just sound ridiculous.

  • Anonymous

    What a load of left wing bull!
    Staples alone has over 100k employees.
    Add Sports Authority, Domino’s and 100 other companies and it’s tens of thousands of created jobs by Romney and Bain Capital.
    Romney and Bain created over 100 companies.
    Other existing companies were bought and saved and streamlined and some went under.
    That’s Capitalism, you whiney socialistc boobs!
    And that goes for you Newt, a Man who never held a job in the Private sector, a Washington insider who sucked off the teet  of Fannie and Freddie peddlling influence even after he was kicked out of the House in discrace.
    And how rich was it watching Newt, defend the “Sacrament” of Marriage? 

    Romney is the Hope of America.

  • Anonymous

    Crony Capitalism is what Obama practices, Romney played in the real Private Sector World of Free Enterprise.

    Mitt was a Venture Capitalist, he had his own skin in the game and played with his and his investors money.

    Obama, who has never had a job in the private sector, and who knows nothing about the Business World, gambles and plays with “TAXPAYERS MONEY”.

    See the distinctions, Numbnuts?
    Capiche?

  • Anonymous

    Liar Liar your Bigoted Anti-Religion skirt is showing.

  • Anonymous

    All he needs to do is drive down to his nearest Mall, see Staples, Sports Authority, Domino’s Pizza which are among 100 other business” Bain created and there ire the fruits of Mitt’s Genius in the Business World.

    Marxists will never understand the concept of the Free Market. And Gingrich himself is putting Capitalism on trial, because, he’s never made a buck in that World either.

  • Anonymous

    His 5 sons are grown men with their own families. I think they monitor their own water use.

    We still celebrate success in this Naiton, if you don’t like it move to Cuba.

    You Pinko Commie.

  • Anonymous

    What business have you ever started?
    Or do you just wait for your Government check every month?

  • Anonymous

    Bain Capital is a PRIVATE SECTOR company whose mission is to help start-ups and try to save failing companies, WITH THEIR OWN AND INVESTORS’ money…not TAXPAYER money!

    And to attempt to compare the gains and losses of the entire US with that of a small venture capital company is absurd. What’s more, if it were a private sector investing company, they would have vetted Solyndra much more carefully and never loaned them the money. In fact. the Obama administration was warned it was a bad investment by their own energy people.

  • Anonymous

    You simply do not know what the hell you are talking about.

  • Anonymous

    WHAT????  WERE WE WATCHING THE SAME DEBATE???  The premise of this story is ridiculous.  In fact, the link to their “fact checker” said the foillowing.

    The Pinocchio Test

     Romney’s statement, while technically correct, is lacking crucial context.

    THAT’S THE BEST THEY COULD DO TO BACK UP THIS STORY????

  • Anonymous

    I have plenty of company!

  • Anonymous

    But do you know how many brained washed Democrats reading this actually will fall for it? Probably as many Solyndra jobs lost.

  • Anonymous

    Mitt made his money the old fashion way…HE EARNED IT!

  • Anonymous

    If you knew the first thing about industry or business, you would know you can’t win them all.  Now you want to blame Romney for the collapse of the US steel manufacturing business due to competition from Asia.  Actually, he and Bain were able to save some steel businesses and lose others.

    If you look at it your way, then Obama is PERSONALLY responsible for the collapse of Solyndra and several other alternative energy companies in the US who have closed after massive government bailouts and support….not from competition from China who makes them and sells them far cheaper than we can.

    I want to see someone make a video of those poor workers who spent years on the job at those alternative energy companies, with promises of a new and better future, and are now down and out and blaming Obama for closing the doors. Will we ever see one?

    The difference is, Bain and company invested THEIR OWN money and took their own risks.  Obama gambled with your money and my money WITHOUT THE PROPER DUE DILLIGENCE, to the point where we are a bankrupt nation.

  • BooBoo Bear

    I’m sure that monitoring of water usage was only to check and make sure that the boys weren’t abusing themselves (JO) in the shower, the running water would cover the noise and keep prying eyes away from others.

  • Anonymous

    Watch the clip from “Upwith Chris.”  They did not  gamble with their money. They gambled with borrowed money.  They put industries into bankruptcy and destroyed taxpayers’ retirements, health benefits, etc.  Bain Capital has increased the misery index on the lives of more hard working taxpaying Americans than Solyndra. 
    There is nothing good about the Solyndra mess, but it did contribute to undermining the entire  business and financial landscape of the nation.

  • Anonymous

    Some go into bankruptcy and come out leaner and meaner, but saved.    Some go into bankruptcy and fail altogether.  It happens every day, and in fact, is happening right now to Kodak.  That is not the fault of Bain Capital.  They did their best to save it and failed.

    As for borrowed money, borrowed from whom?  Certainly not banks or the company would have borrowed it themselves.  They “borrow” from investors who are willing to gamble. Bain was brought in to try to save the company.

    What do you suppose would have happened to those retirements and health benefits, etc. anyway if Bain had never come in?  Are you trying to say all would be roses and those benefits would be there even after the company went belly up without Bain’s help?  Who would be left to pay them?

  • Anonymous

    Apparently  you have first “hand” experience in such activity.
    Don’t project your acitons on to others.

  • Anonymous

    As an individual you may be afraid of Mitt & Bain….but as an American citizen obama should scare you to death!

  • Anonymous

    Bain failed to reinvest in America.  They failed to create new jobs, in new industries, with new retirement plans, etc.  Nothing trickle-down!  They failed to help grow the American economy.  

  • Anonymous

    Democrats on here will never understand that people with jobs can provide for their families…..many are happy with their 900 sq ft HUD house.

  • Anonymous

    No, obama will try to turn us into a socialist nation the h*ll with all white people.

  • Anonymous

    obama gave GM 3 BILLION taxpayer dollars for the volt

  • Anonymous

    No, I’m not.  Obama is trying to invest in the growth of this nation.  Willard and Bain Capital did not reinvest in new industries.  They did not create new jobs.  They did not grow the economy.  There was no trickle-down in their world. They were not good stuarts of the economic system that was serving them well.  They were vultures.  

  • Anonymous

    Bain Capital is not small.

  • Anonymous

    In response to Bison1 below, it wasn’t Bain ‘s job to save the economy, it was their job to try to save the company.  Bain certainly did create new companies, who in turn created thousands of new jobs, with new retirement plans and health plans for their employees.

    So Bain most certainly did cause a trickle down of jobs, most of which are still there.

  • Anonymous

    Growth? you call 21% under and un-employed growth? You call absolving Solyndra of their debt to the taxpayers growth? Businesses like Bain do not create jobs they fund business so with good management they can grow jobs, like Staples, etc.  obama has no good intentions for our country. It is beyond me why people can’t see what obama is doing. God help the USA

  • http://www.facebook.com/people/Theresa-Darklady-Reed/581698361 Theresa ‘Darklady’ Reed

    Once upon a time businesses understood that they needed employees. These employees were often faithful to their companies, some staying with them for decades.

    It is these hard-working Americans who now find themselves out of work and often “too old” to be hired by anyone else. Some of the people Bain kicked to the curb had worked for their employers for 35 or 40 years. 

    When the only thing of importance to a company is making as much profit as is possible, employees become a liability to be cut. 
    That’s not gritty and dog-eat-dog… that’s just plain wrong.

    Given that this crop of GOP clowns also wants to force women to have as many kids as possible… kids who will one day need jobs… nothing I hear from the right wing makes any sense anymore.

  • daveinboca

    I guess the ups & downs of business cycles are way above the mole-like perspective of a revolutionary wannabe like Tommy Boy. The only thing revolutionary about TC is his revolting inability to understand business from any but a marxist POV!

  • daveinboca

    This can only be the hallucination of a brain-dead moron, or in HB’s case, espece d’encule!

  • J Brenner

    LEAVE ROMNEY ALONE!

    He advocates for higher taxes! 

    He embraces BIG GOVERNMENT SPENDING!

    He is SOFT on Illegal Immigration!

    He supports GUN CONTROL! 

    Criminals love him! He gets more money from bankers than anybody!

    He supports the unconstitutional TSA!

    He wants a BIGGER Homeland security!

    He is a flip-flopper when convenient!

    He has kept quiet on the NDAA law for indefinite detention and torture of citizens. 

    He is pro CAP and TRADE giant global TAX!

    We could CALL HIM OBOMNEY! ..and leave him alone.

  • Anonymous

    WINSTON,

    Smith , or Churchill?  (humor)

    Anyway, for the most part I agree with you and you hold own well.  I just wanted to add that that I wish all the products sold out of the retail stores you mentioned, were American made.  However, “beggars” can’t be choosers, and unfortunately America is perilously close to being a beggar.

    The other thing I wanted to mention is, originally, I was for CAIN, still am.  He is a consummate outsider and businessman.  Plus, I still don’t know the truth about his alleged peccadilloes, do you?  

    I just feel as if I am being spoon fed a candidate and I am beginning to wonder just what the heck IS in “Area 51,” metaphorically, of course?

    Purveyor of Rhetoric

  • Anonymous

    TEDDERMAN!

    Long time no see… Still slithering along on your underbelly and living at the bottom of the sea by light of rusty nail, I see…  LOL

    Purveyor

  • Anonymous

    Touche’

    Nicely done….

  • Anonymous

    Should a business have “morals,” or ethics?

    Think about that question, thoroughly, before you answer it.

    Purveyor

  • Anonymous

    Were I GLOVES, I’d give you a…

    “No comment,” as does the PURVEYOR, when people use non sequitur, or, simply try to excuse the inexcusable.

    However, GLOVES probably just ignored you?

    Purveyor of Rhetoric

  • Anonymous

    GLOVES,

    I,ve been reading your comments on this thread, Well done!  Also, there is a new member called “WINSTON,” who holds his own quite well.

    As for me, I was collecting my thoughts for a few days, but, I did post something you might be interested in about 2 comments below this one.

    My compliments

    Purveyor

  • http://www.occupywallst.org/ (CAR)

    I think Americans are beginning to see this point more clearly and I congratulate ABC and others for starting to uncover the truth about Mitt Romney’s stance on praying to the almighty profit margin.

    Point: Creating profit is good, unless it is created at the expense of the long-term health of the company and domestic economy. 

    Bain was an LPO, basically a loan shark.  It would lend your company money, but at great costs that usually meant a bad deal in the long-run, bankruptcy, or the canibalism of your most valuable asset, your employees.  More so, when you would face bankruptcy, because of the loan by the LPO, they would then come in and buy-out your struggling company, strip it and flip it to another investor.  Their practices are predatory and involve the worst abuses of a financial institution. Which is also why Mitt Romney is know as Gordon Gekko.

    Mitt would sell out our country in a second for short-term profit potential and ultimately it would lead to the demise of the domestic economy, the middle-class, and concentrated money and power to the top 1%.

    We need someone in office who has worked a regular job.  Not the CEO of Goldman Sachs.

  • http://www.occupywallst.org/ (CAR)

    Yes, thank you for continuing to point out Republican Hypocrisy.

  • http://www.occupywallst.org/ (CAR)

    Every candidate except for Ron Paul wants to direct investments to one sector of the economy. So please include that in your analysis:

    Mitt: Tax Reductions to the top 1%
    Santorum: Loans to Manufacturing Industry CEO’s
    Gingrich: Corporations, Military
    Obama: Infrastructure, Alternative Energy, SBA
    Paul: Across the board Spending Cuts

  • http://www.occupywallst.org/ (CAR)

    Do you know what an LPO is? Bain is the biggest one.  It’s a loan shark company.

    They match funds with new businesses that cannot get loans, but they charge them an arm and a leg and strip and flip them for profit when they go bankrupt.

    It’s legal corruption. Kinda like a credit card company that charges you 28% after offering you 0% in the first 6 months.

  • http://www.occupywallst.org/ (CAR)

    “who has never had a job in the private sector” He was a lawyer who represented clients who faced housing and employment discrimination.

  • http://www.occupywallst.org/ (CAR)

    Yes, “vulture capitalist” is the perfect term for Romney.

  • http://www.occupywallst.org/ (CAR)

    If you believe in vampire vulture capitalism, then you probably support Mitt Romney.

  • http://www.occupywallst.org/ (CAR)

    This really makes me wonder if anyone has ever seen the movies Wall Street or Pretty Woman? When are you going to learn the lesson people are a companies greatest asset. The people you hire are the same people who are going to buy your products. 

    If you employ 25 million more people then you have 25 million more customers to buy 25 million of your products.

    Vulture Vampire Capitalism = Lost Capital = Lost Jobs = Lost Consumer Demand = Lost Profits = Bankruptcy

  • http://www.occupywallst.org/ (CAR)

    Last I checked he didn’t work for Staples, or any of the other companies they helped. He was just a loan shark in the process stripping and flipping like the locust vulture vampire he really is.  Since when is an LPO a job creator?

  • http://www.occupywallst.org/ (CAR)

    With Romney’s math, any dollar you give to a company means you created jobs. Since I buy lots of products and with Romney’s math I have created millions of jobs.

  • http://www.occupywallst.org/ (CAR)

    But at least it would be more blatent. It would be like a member of the KKK becoming president. At least then racism will be out in the open.

  • http://www.occupywallst.org/ (CAR)

    Even the Crazy Right Wingers aren’t falling for Romney’s Vulture Vampire Capitalism experience.  Thank you Ron Paul, Michelle Bachman, and especially Newt Gingrich for pointing out this hypocrisy!

    http://www.kingofbain.com

  • http://www.occupywallst.org/ (CAR)
  • http://www.occupywallst.org/ (CAR)

    He earned 250 million a year by loan-sharking companies, bankrupting comminities and laughing all the way to the bank.

    That’s the same thing Bernie Madoff did and he got life in prison.

  • http://www.occupywallst.org/ (CAR)

    He doesn’t have to prove what his statement concludes. He only has to prove that Romney’s statement is untrue.  Romney should have said,” Bain provided investments in companies, 25% of which went bankrupt but 75% did have success.  I did not create jobs, but I did invest in new business.”

    Then we would say, oh, so you just moved money around to create profit for your investors.  Okay fine, but don’t say you created x number of jobs unless it is accurate.

  • Anonymous

    LOL!!  Utter nonsense.  How little you know.

    Actually, I think you have him mixed up with John Corzine who belongs in jail with Madoff…in the same cell.

  • Anonymous

    Perhaps he should use Obama’s reasoning with Solyndra. He just moved money around to create profit for his investors(donors)! Funny that democrats who coined the phrase ” jobs saved or created” are so committed to using correct language!

  • Anonymous

    In response to Car, below: 
    What business school did you go to?  I ask you, do YOU know what an LPO is, or a Business Process Analysis?  Go back to your text books and look it up!  It ain’t what you describe, for sure.

  • Anonymous

    Thanks for the link.

  • http://www.occupywallst.org/ (CAR)

    According to: http://www.factcheck.org/2011/10/obamas-solyndra-problem/

    The Energy Dept invested in 33 businesses with 36 billion with a planned Jobs increase net of 60,000 New Jobs saving “300 million gallons of gasoline a year”, if everything goes according to plan.

    The Solyndra project was responsible for creating 3,000 construction jobs, but lost 1,100, still creating a net jobs gain of 1,900 people.

    Also the CBO says Obama has created more than 2 million jobs. and the economy is adding 150-200 grand in jobs a month.

    And with Romney, his state was 47th in job creation.
    From Factcheck: As we reported before, Bain managers told the Los Angeles Times that they weren’t focused on creating jobs; they were trying to make money.

    With Romney’s fake 100,000 net jobs, Bain was a small part of many lenders that invested in those companies – don’t they get a percentage of credit for net jobs created? Also those companies already existed and had jobs created before Bain. Plus he is counting all the jobs ever made by the company, even after Bain was involved with them, making the number false and untrue or rather, unproven.

  • http://www.occupywallst.org/ (CAR)

    How is it that moving around numbers on a page to the most desperate victims make you qualified for anything? Wasn’t he ranked 47th in job creation out of all the States whilch Obama created 2-3 million jobs??

  • blue truck

    Mitt Romney says he enjoys firing people. Then the scumbag tries to mitigated his answer. Check this out it is chilling

    http://www.quickmeme.com/meme/35ob97/

  • blue truck

    Mitt
    Romney could have logically been on Barack Obama’s Vice Presidential
    (VP) Short list in 2008 presidential run if Mitt Romney did not
    flip-flop from the views he held in MA.Mitt Romney is a chameleon and
    lacks a moral compass. Maybe Mitt Romney as a Moron :) I mean Mormon can
    support abortion. I honestly do not know enough about about the CULT of
    Mormonism to address the subject of Mitt Romney’s
    support of abortion. However as the founder of Bain Capital Mitt Romney
    was trying to make money NOT jobs. As such Mitt Romney was pocketed way
    in excess of 250+ million dollars that over a quarter of a billion
    dollars. By charging huge fees an leveraging the companies, another
    words a company goes out and borrow all it can to pay Bain Capital. Then
    Bain Capital goes public with these corpse companies to scam retirement
    funds and other stock investors. Bain Capital would then cash in their
    stock knowing fully it is worthless. The company eventually implodes and
    goes bankrupt screwing all it’s creditors and all the workers out of a
    job! In summary Mitt Romney is a leech on the back of the working man
    and woman. A Vampire who feasts on the suffering of others. I do however
    profusely apologize to Leeches and Vampires and other Blood suckers in
    making a comparison with them to the likes of Mitt Romney. I think for
    the future Health of the Republican party a true conservative should
    take the long view and cast a protest vote for Barack Obama if Mitt
    Romney is the Republican nominee and standard bearer. With Barack Obama
    you know what you are getting and Barack Obama tries to implement what
    Barack Obama promises. With a Mitt Romney President you never know what
    you will get. Simply put make the Republican party responsive to the
    Christian right that it now takes for granted. A in mass protest vote by
    all those who oppose Mitt Romney should make the Republican party
    reluctant in the future to produce another scumbag like Mitt Romney as
    it’s presidential nominee.

  • blue truck

    Mitt Romney your so Bain   Mitt Romney secret just revealed. But is it in time to save us from him ? Please pass on these links ……………. your future may depend on it !

    http://www.quickmeme.com/meme/35ob97/

    http://www.quickmeme.com/meme/35md07/

    http://www.youtube.com/watch?v=w-aeD1HXjaY

    key words ; Mitt Romney is a devil blood sucker vampire leech maggot Republican Democrat Bain Capital lying scumbag exploit middle class children men woman working

  • blue truck

    Anything goes to make a dollar is NOT Capitalism. Under your strict definition drug dealers are Capitalists like Mitt Romney.The drug dealer or corporate raider are both wrong. Gov. Perry and Newt Gingrich have a right and obligation to attack these forms of Capitalism. The business venture was three separate parameters is it moral, ethical, or legal. The drug dealer is immoral and illegal. Mitt Romney is immoral and unethical. Decent people loath, despise, and hate both of these Capitalist. It is right to shine a light on the drug dealer and a Vulture like Mitt Romney because they both exploit. REAL Conservatives are now attacking Scumbags like drug dealers and Mitt Romney REAL Conservatives are true to their Values which are by the way are AMERICAN values.

  • http://www.facebook.com/people/Silvia-Marquise/100000170687802 Silvia Marquise

    Anything goes to make a dollar is NOT Capitalism. Under your strict definition drug dealers are Capitalists like Mitt Romney.The drug dealer or corporate raider are both wrong. Newt Gingrich has a right and obligation to attack these forms of Capitalism. The business venture was three separate parameters is it moral, ethical, or legal. The drug dealer is immoral and illegal. Mitt Romney is immoral and unethical. Mitt Romney is not and NEVER was in business to create jobs and never will be. Mitt Romney wants to make money and any human cost incurred is inconsequential. To the point Mitt Romney’s claims of job creation are simply not true because he never created any net jobs here. Mitt Romney out sourced jobs to China and Mexico. Mitt Romney has cost US jobs. Mitt Romney is a proven Liar that is the definition of what a flip-flopper is.

    http://www.quickmeme.com/meme/35ob97/

    http://www.quickmeme.com/meme/35md07/

    http://www.youtube.com/watch?v=w-aeD1HXjaY

  • http://www.facebook.com/people/Silvia-Marquise/100000170687802 Silvia Marquise

    Dear Sir You are NOT helping
    yourself when you stand with a scumbag like Mitt Romney who enriches
    himself at the expense and suffering of others. Mitt Romney could
    have logically been on Barack Obama’s Vice Presidential (VP) Short list
    in 2008 presidential run if Mitt Romney did not flip-flop from the
    views he held in MA.Mitt Romney is a chameleon and lacks a moral
    compass. As the founder of Bain Capital Mitt Romney was trying to make
    money NOT jobs. As such Mitt Romney was pocketed way in excess of 250+
    million dollars. By charging huge fees and forcing companies to borrow
    all it can to pay Bain Capital. Then Bain Capital goes public with these
    corpse companies to scam stock investors. Bain Capital would cash in
    their stock knowing fully the company eventually would go bankrupt
    screwing all it’s creditors and all the workers out of a job! Mitt
    Romney is a leech and Vampire. I Apologize to Leeches and Vampires and
    other Blood suckers in making a comparison with them to the likes of
    Mitt Romney. For the future Health of the Republican party a true
    conservative should take the long view and cast a protest vote for
    Barack Obama if Mitt Romney is the Republican nominee and standard
    bearer. With a Mitt Romney President you never know what you will get.
    Make the Republican party responsive to the Right that it now takes for
    granted. A in mass protest vote by all those who oppose Mitt Romney
    should make the Republican party reluctant in the future to produce a
    scumbag like Mitt Romney as it’s presidential nominee. Mitt
    Romney is not and NEVER was in business to create jobs. Mitt Romney
    wants to make money and any human cost incurred is inconsequential. Mitt
    Romney never created any net jobs in the US. Mitt Romney out sourced
    jobs to China and Mexico. Mitt Romney is a proven Liar that is the
    definition of what a flip-flopper is. Anything goes to make a
    dollar is NOT Capitalism. Under your strict definition drug dealers are
    Capitalists like Mitt Romney.The drug dealer or corporate raider are
    both wrong. Newt Gingrich has a right and obligation to attack these
    forms of Capitalism. The business venture was three separate parameters
    is it moral, ethical, or legal. The drug dealer is immoral and illegal.
    Mitt Romney is immoral and unethical. Mitt Romney is not and NEVER was
    in business to create jobs and never will be. Mitt Romney wants to make
    money and any human cost incurred is inconsequential. To the point Mitt
    Romney’s claims of job creation are simply not true because he never
    created any net jobs here. Mitt Romney out sourced jobs to China and
    Mexico. Mitt Romney has cost US jobs. Mitt Romney Is trying to count
    jobs of companies that managed to burn the leech (Bain Capital) off and
    survived. Mitt Romney is a proven Liar that is the definition of what a
    flip-flopper is. Mitt Romney AKA Bain Capital was exacted a human
    cost and misery is that incalculable including lost homes, divorces,
    suicides. Mitt Romney is just another Bernie Made-off. Mitt Romney
    made-off with their money :( . Mitt Romney uses a different scam that is
    equally immoral and Unethical. Mitt Romney will NOT release his
    income tax returns now. Mitt Romney will NOT be the Republican party
    nominee if he he releases his income tax returns now. The Republican
    Party is being setup for a October surprise. Newt Gingrich needs to tie
    Mitt Romney’s failure to release NOW Mitt Romney’s tax returns to Mitt
    Romney’s Electability. Speak up NOW before it is too late. I am
    SHOCKED and SADDEN you can be so AMORAL. It is a your lack of concussion
    that I find so appalling. I and my very large extend family will NOT be
    voting for the likes of you and your man Mitt Romney. Barack Obama is a
    far better man than Mitt Romney. I am not a Band wagoner and will not
    coalesce around someone I believe to be a Leech, Vampire, Bloodsucker,
    Scumbag, liar, Maggot like Mitt Romney. …………. I hope there is
    justice in the other world so that Mitt Romney can burn in HELL. . .
    God Bless Newt Gingrich. PS I have held back to how strongly I really feel.
    Read more: http://www.politico.com/news/stories/0112/71644.html#ixzz1juJ4nOsS

© 2012 Mediaite, LLC | About Us | Advertise | Self-Serve Advertising | Newsletter | Jobs | Privacy | User Agreement | Disclaimer | Power Grid FAQ | Contact | Archives | RSS RSS
Dan Abrams, Founder | Power Grid by Sound Strategies | Hosting by Datagram