Profit ‘n loss
The other night during the first presidential debate, Mitt Romney brought up a point about President Obama’s picking investment losers.
Let’s compare both of the candidate’s investments to help people more clearly see the differences between the candidates.
First, let’s look at Mitt Romney’s investments when he was at Bain Capital investing his own money in businesses. Here is some of his list: AMC Entertainment, Burger King, Domino’s Pizza, GT Bicycle, The Sports Authority, Staples, Toys R Us, The Guitar Center to name a few of his successful investments.
Here is President Obama’s list of investments using millions of our taxpayer money: Solyndra, now bankrupt; Ener 1, now bankrupt; Beacon Power, now bankrupt; Abound Solar, now bankrupt; Amonix Solar, now bankrupt; Spectra Watt, now bankrupt; Eastern Energy, now bankrupt. There’re more to the list but, I think you get the picture.
To be fair, Mitt Romney had some failures too but, that is the risk that happens when you invest money in private business. Overall, his investments have created many jobs.
Our taxpayer money that President Obama lost on those bankrupt businesses? Well, it wasn’t a total loss, all of those companies that I listed here that went bankrupt were major donors to President Obama’s campaign in 2008, and then they were given millions for their donations.
You can find out more about these businesses by simply Googling them online. The news media is too busy trying to spin the debate into an Obama victory.
Dave Goos
Baxter
Comments (15)
Add commentRomney’s Bain Yielded Private Gains, Socialized Losses
Heading from Bloomberg News about your hero:
http://www.bloomberg.com/news/2012-07-15/romney-s-bain-yielded-private-g...
"What’s clear from a review of the public record during his management of the private-equity firm Bain Capital from 1985 to 1999 is that Romney was fabulously successful in generating high returns for its investors. He did so, in large part, through heavy use of tax-deductible debt, usually to finance outsized dividends for the firm’s partners and investors. When some of the investments went bad, workers and creditors felt most of the pain. Romney privatized the gains and socialized the losses."
Yep, Romney is a paragon of business acumen who will look out for the common man. He will be a servant of the plutocracy.
You can have him...he is a vulture capitalist.
That's the GOP definition of
That's the GOP definition of successful. Profit at any cost.
tax deductions
You two don't understand so,be it.
The Obama Administration is spending $10.95 for every $7
that is paid into the federal coffers. So, we spend $11 for every $7. Hmmmm wonder where the other money comes from? Oh yes, China.
We do need someone that understands that you can't spend more than you receive.
Also, if you don't like the tax deductible debt and don't understand it then please contact our two senators.
Al Franken and Amy Klobuchar. Yes, check with Senator Al, I bet he has used some tax deductions.
The point is for you not to complain, just lobby your senators to clear up the whole tax system. please do.
:Romney is a paragon of
:Romney is a paragon of business acumen who will look out for the common man." Who the (deleted word) is the common man, what's his name, where does he work? Or is he just another crybaby, do-nothing occupier. For several years I asked Paul Wellstone these same questions but he chose to charter a cheap aircraft rather than provide any honest answers. I suspect we have posters here who would do likewise. BTW, I received a 37% return on my Bain Investments. Thank you very much. BTW again . Isaved 43,000 high paying green jobs already this morning and put 5,000 more teachers ( not better teachers, just more teachers)on the public payroll . That's what we call leaning forward and a little bit to the left. Love to all- Stephen A. "Hunka-hunka- burnin' -love " Busch
if
If you are trying to imitate Elvis, you must be the old fatter Elvis.
I hate getting sick first thing in the morning Steve, but you managed to do it.
Steve
I was sick and now am well after reading your comment.
Just think, on that 37% gain on investment, you were privileged to pay capital gains on that money,of course, it doesn't matter if you had already paid taxes on your earnings.
That part goes wayyyyyy over the head of some
people. Truth is some people don't understand the 70,000 page tax code and worse than that, they do nothing to change it. They just like to complain when someone does
understand it and uses it.
This administration spends $11 for every $7 taken it.
Hope you have many more happy returns at the rate of this spending.
But,not to worry, be happy.
Thanks, Steve.
Ignorance is often the progenitor of liberal greed.
obama money
don't be concerned about how romney spends his money be more concerned about how the President and all his cronies spend our money
Just Chekin...Not This Greed...
Indeed, let's compare!
Indeed, let's compare!
Let's have BOTH Obama and romney release ten or more years of tax returns and THEN compare!
Oh, sorry! One of them already has!
Ben Stein Stuns Fox & Friends
These clips are just too good not to share with those who believe like Mr. Romney that cutting taxes is what this country needs. Laffer Curve anyone?
http://www.youtube.com/watch?v=gBgTMaHtYBc
http://www.youtube.com/watch?v=rPOOlqbdTjk
http://www.youtube.com/watch?v=OFZ8h2ygIcg
He states clearly that we do not have just a spending problem. And, when taxes were higher we had a more sound economy.
I wonder if Fox Noise will ever invite him back? Telling the truth is not good for your career at Fox Noise.
scary,
Obama didn't list any of his benefactors that paid his way through college and I'm sure that is a tax violation of some sort.
Bond
I have followed Ben Stein for years. He has been saying that for years and has been on Fox for years. He is usually on Sat. mornings He was on again tonight.
I don't agree with him on his tax policy. I think he has the
guilt trip for being rich like many Hollywood types do.
So, you are off on your Fox analysis, that may be why they have him on because he has the opposite argument.
eyolf
I worship no man I'm not a Demo(c)RAT. But I do welcome him with open arms. After the last 4 years i'd be happy with a rock. A rock would do less damage. Gas prices , Health insurance over $600.00 a month (employee cost),interest on credit cards double, More hatred today then ever before, more people on welfare than ever before, Ect. Please open your eyes see how much the middle class is HURTING. We need to get rid of this administration while we can. Thankyou.