BillsFan-4-Ever Posted August 27, 2012 Share Posted August 27, 2012 Jesus. Yes my son? Link to comment Share on other sites More sharing options...
GG Posted August 27, 2012 Share Posted August 27, 2012 You can NOT include the jobs created by BCafter Mitt left in 1999. Up until them Mr. Romney had created "tens of thousands" of jobs. http://online.wsj.co...3959381060.html http://www.american....create-at-bain/ Before 1999 10,000 , after Mitt left 140,000. So which is it. Was Romney part of Bain AFTER 1999? Another idiotic comparison, which proves your ignorance of private equity. To do a true comparison, if you only want to attribute Mitt's tenure as an active manager of BC you need to analyze the performance of the BC companies when the investment was made. Private equity has a 5-7 year investment horizon, so if BC made an investment in 1998, you have to follow that investment until BC liquidated its position. Getting that typ eof detail is virtually impossible, because of the "private" part of private equity. But, anecdotal evidence shows that since BC is not a vulture fund but a buy out shop, and the fact that it's still in business and is thriving, that means its portfolio companies have done better than worse, which means they created more jobs than lost, which means they are a net positive on job creation, while the current administration is net negative. Again, suck to be you. Link to comment Share on other sites More sharing options...
BillsFan-4-Ever Posted August 27, 2012 Share Posted August 27, 2012 (edited) Romney took a paid leave of absence from Bain Capital in February 1999. The decision caused turmoil at Bain Capital, with a power struggle ensuing. Romney was not involved in day-to-day operations of the firm after starting the Olympics position. Can that get any clearer? --------------------------------- The campaign for GOP presidential hopeful Mitt Romney released a video called "American Dream," touting the investment of Romney's former private-equity firm, Bain Capital, in an Indiana manufacturer called Steel Dynamics, Inc (SDI). The case of Steel Dynamics, the underlying message went, proves that Romney knows how to create quality jobs. "Steel Dynamics started with an empty field and a big dream," the narrator intones. "SDI almost never got started. When others shied away, Mitt Romney's private-sector leadership team stepped in." Today, the ad notes, SDI employs more than 6,000 workers. "Anything is possible in America," the narrator says. ------------------ Much of the firm's profits was earned from a relatively small number of deals, with Bain Capital's overall success and failure rate being about even. One study of 68 deals that Bain Capital made up through the 1990s found that the firm lost money or broke even on 33 of them.Another study that looked at the eight-year period following 77 deals during the same time found that in 17 cases the company went bankrupt or out of business, and in 6 cases Bain Capital lost all its investment. But 10 deals were very successful and represented 70 percent of the total profits. In 1994, Bain invested in Steel Dynamics, based in Fort Wayne, Indiana, a prosperous steel company that has grown to the fifth largest in the U.S.A, employs about 6,100 people, and produces carbon steel products with 2010 revenues of $6.3 billion on steel shipments of 5.3 million tons. In 1993, Bain acquired the Armco Worldwide Grinding System steel plant in Kansas City, Missouri and merged it with its steel plant in Georgetown, South Carolina to form GST Steel. The Kansas City plant had a strike in 1997 and Bain closed the plant in 2001 laying off 750 workers when it went into bankruptcy. The South Carolina plant closed in 2003 but subsequently reopened under a different owner. At the time of its bankruptcy it reported $553.9 million in debts against $395.2 in assets. Bain reported $58.4 million in profits, the employee pension fund had a liability of $44 million. http://en.wikipedia....ki/Bain_Capital See the pattern? Of course not you are wearing your blinders Edited August 27, 2012 by BillsFan-4-Ever Link to comment Share on other sites More sharing options...
GG Posted August 27, 2012 Share Posted August 27, 2012 What blinders are those? That sometimes firms go bankrupt? Or that by nature, private equity takes risks that public equity does not? Or that people who use Wiki to discuss private equity are simpletons? Link to comment Share on other sites More sharing options...
Duck_dodgers007 Posted August 27, 2012 Share Posted August 27, 2012 What blinders are those? That sometimes firms go bankrupt? Or that by nature, private equity takes risks that public equity does not? Or that people who use Wiki to discuss private equity are simpletons? Stop while you are behind, you only look more foolish with each post....if that's even possible Link to comment Share on other sites More sharing options...
3rdnlng Posted August 27, 2012 Share Posted August 27, 2012 Romney took a paid leave of absence from Bain Capital in February 1999. The decision caused turmoil at Bain Capital, with a power struggle ensuing. Romney was not involved in day-to-day operations of the firm after starting the Olympics position. Can that get any clearer? --------------------------------- The campaign for GOP presidential hopeful Mitt Romney released a video called "American Dream," touting the investment of Romney's former private-equity firm, Bain Capital, in an Indiana manufacturer called Steel Dynamics, Inc (SDI). The case of Steel Dynamics, the underlying message went, proves that Romney knows how to create quality jobs. "Steel Dynamics started with an empty field and a big dream," the narrator intones. "SDI almost never got started. When others shied away, Mitt Romney's private-sector leadership team stepped in." Today, the ad notes, SDI employs more than 6,000 workers. "Anything is possible in America," the narrator says. ------------------ Much of the firm's profits was earned from a relatively small number of deals, with Bain Capital's overall success and failure rate being about even. One study of 68 deals that Bain Capital made up through the 1990s found that the firm lost money or broke even on 33 of them.Another study that looked at the eight-year period following 77 deals during the same time found that in 17 cases the company went bankrupt or out of business, and in 6 cases Bain Capital lost all its investment. But 10 deals were very successful and represented 70 percent of the total profits. In 1994, Bain invested in Steel Dynamics, based in Fort Wayne, Indiana, a prosperous steel company that has grown to the fifth largest in the U.S.A, employs about 6,100 people, and produces carbon steel products with 2010 revenues of $6.3 billion on steel shipments of 5.3 million tons. In 1993, Bain acquired the Armco Worldwide Grinding System steel plant in Kansas City, Missouri and merged it with its steel plant in Georgetown, South Carolina to form GST Steel. The Kansas City plant had a strike in 1997 and Bain closed the plant in 2001 laying off 750 workers when it went into bankruptcy. The South Carolina plant closed in 2003 but subsequently reopened under a different owner. At the time of its bankruptcy it reported $553.9 million in debts against $395.2 in assets. Bain reported $58.4 million in profits, the employee pension fund had a liability of $44 million. http://en.wikipedia....ki/Bain_Capital See the pattern? Of course not you are wearing your blinders I see you are linking to Wikipedia. Earlier today in another thread you questioned someone's use of Wikipedia as shown below. You are a disingenuous hack, so taken up with your partisanship that you will gladly take on the mantle of dishonesty to convince yourself that you are right. How can you even look at yourself in the mirror? Aren't you repulsed? "You want to compare obesity to abortion? for support you post a wikipedia page as proof? I wonder how many experimental pharmaceuticals that same doctor dished out?" Edited by BillsFan-4-Ever, Today, 12:14 PM. Link to comment Share on other sites More sharing options...
3rdnlng Posted August 27, 2012 Share Posted August 27, 2012 Bump---just to keep BF4E's disingenuous use of Wikepedia and his criticism when others use it at the forefront. Link to comment Share on other sites More sharing options...
Chef Jim Posted August 27, 2012 Share Posted August 27, 2012 (edited) Bump---just to keep BF4E's disingenuous use of Wikepedia and his criticism when others use it at the forefront. Really?? This is important how/why?? Edited August 27, 2012 by Chef Jim Link to comment Share on other sites More sharing options...
3rdnlng Posted August 27, 2012 Share Posted August 27, 2012 Really?? This is important how/why?? To get him to answer for it, or possibly just to piss the little prick off. Link to comment Share on other sites More sharing options...
GG Posted August 27, 2012 Share Posted August 27, 2012 Stop while you are behind, you only look more foolish with each post....if that's even possible Of course I do. Link to comment Share on other sites More sharing options...
WorldTraveller Posted August 27, 2012 Share Posted August 27, 2012 If there is anyone who looks foolish, it certainly isn't GG. Link to comment Share on other sites More sharing options...
Duck_dodgers007 Posted August 28, 2012 Share Posted August 28, 2012 If there is anyone who looks foolish, it certainly isn't GG. Don't worry, he's not as bad as you, but close Link to comment Share on other sites More sharing options...
3rdnlng Posted August 28, 2012 Share Posted August 28, 2012 Don't worry, he's not as bad as you, but close You are out of your league. Don't you ever get embarrassed? Link to comment Share on other sites More sharing options...
DC Tom Posted August 28, 2012 Share Posted August 28, 2012 You are out of your league. Don't you ever get embarrassed? Obviously he doesn't. So how !@#$ing appropriate is "Duck Dodgers"? Link to comment Share on other sites More sharing options...
Doc Posted August 28, 2012 Share Posted August 28, 2012 This is rich. So jobs created after Romney left BC, by companies BC invested in before he left, don't count; but Romney is at fault for BC outsourcing jobs after he left because he really didn't leave? If only he had Barry's stellar track record of making money creating jobs like those at Solyndra, Evergreen Solar, and Ener1. Link to comment Share on other sites More sharing options...
3rdnlng Posted August 28, 2012 Share Posted August 28, 2012 Obviously he doesn't. So how !@#$ing appropriate is "Duck Dodgers"? He has to be a former poster with a new name, but I think he resembles "Baghdad Bob" the most. Absolutely no connection to reality. Link to comment Share on other sites More sharing options...
GG Posted August 28, 2012 Share Posted August 28, 2012 Don't worry, he's not as bad as you, but close A wit worthy of fois gras. Link to comment Share on other sites More sharing options...
3rdnlng Posted August 28, 2012 Share Posted August 28, 2012 (edited) A wit worthy of fois gras. I'd have to say he has the intelligence of an overstuffed duck. He'd be banned in California. Edited August 28, 2012 by 3rdnlng Link to comment Share on other sites More sharing options...
MARCELL DAREUS POWER Posted August 28, 2012 Share Posted August 28, 2012 (edited) jobs are not created by capital. they are created with surplus value from labor and market discipline... ugh the new value created by labor added to raw materials is always in excess of labor costs. the opposite is true for capital.... this is why business owners get rich if they have ownership of a marketable product. Got some bad news for you. You did vote to support some "stupid" art gallery. Ever hear of the National Endowment for the Arts? Of course not they don't give money to finger painting classes. again, those tax deductions should be illegal. give chartiy on ur own time/own money, not the govts... its called democracy. do you understand the difference between a tax and an actual policy that is circumvented because of those tax deductions..???? thats unless you dont believe in taxes... which many righties do not... Edited August 28, 2012 by MARCELL DAREUS POWER Link to comment Share on other sites More sharing options...
3rdnlng Posted August 28, 2012 Share Posted August 28, 2012 jobs are not created by capital. they are created with surplus value from labor and market discipline... ugh the new value created by labor added to raw materials is always in excess of labor costs. the opposite is true for capital.... this is why business owners get rich if they have ownership of a marketable product. again, those tax deductions should be illegal. give chartiy on ur own time/own money, not the govts... its called democracy. do you understand the difference between a tax and an actual policy that is circumvented because of those tax deductions..???? thats unless you dont believe in taxes... which many righties do not... No you dumbass, your tax money is going directly toward art galleries and the such. Now, why did you post a video again in the SB? The other day you apologized and said you didn't "get"' the message after being told about it more times than you've posted somehing stupid. Now that you've admitted you got the message, why did you do it? Link to comment Share on other sites More sharing options...
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