Romney Tells Millionaire Donors What He REALLY Thinks of Obama Voters

by darth frosty 553 Replies latest members politics

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  designs

  Economic patriotism 'what's that' Mitt Romney
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  NewChapter

  AWKWARD! LOL

  Burning American flags is legal too---what are the chances you get elected president after that? End of story.
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  designs

  New Video being released today from 1985 and Mitt splain'n how to reward investers and take the companies to the cleaners. Priceless!
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  Glander

  Today's news....Another solar panel company that donated $30k to Obama'scam-paign gets a $200 million government investment.
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  designs

  Let me guess, you don't have solar panels on your home. Jan. through May utility bills -21.00 to -30.00 per month June .30, July 4.13, Aug 4.58
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  darth frosty

  Its here design

  Mitt Romney Video Shows Him Touting Bain As A Way To 'Harvest' Companies At A 'Significant Profit'

  The Huffington Post | By Luke Johnson Posted: 09/27/2012 10:36 am EDT Updated: 09/27/2012 10:42 am EDT

  s

  While CEO of Bain Capital, Mitt Romney said the firm "harvested" the companies in which it invested to produce a "significant profit," according to a new video obtained by Mother Jones.

  The video of Romney, who made the remarks in 1985, was part of a CD-ROM produced in 1998 to celebrate the 25th anniversary of Bain & Company. In the video, Romney says, "Bain Capital is an investment partnership which was formed to invest in startup companies and ongoing companies, then to take an active hand in managing them and hopefully, five to eight years later, to harvest them at a significant profit."

  Bain Capital is in business to make a profit for its investors, so there's nothing eye-popping about promoting that fact. Financial buyers like Bain supply young companies with capital and connections, but will restructure operations and fire employees if necessary. Romney has touted his previous employer as a serious job-creator during his campaign for the presidency, saying the firm helped create "over 100,000 jobs." The statistic, which relies on some of the firms in which Bain invested, is difficult to actually prove -- it seems to include jobs created years after Bain made initial investments in companies.

  Previous videos obtained by Mother Jones and The Huffington Post show Romney at a May fundraiser saying that 47 percent of Americans see themselves as "victims" who are "dependent on government." The leaked recordings have hurt the Romney campaign in swing state polls.

  HuffPost's Ryan Grim and Hunter Stuart compared Bain Capital's strategy of acquiring beleaguered companies to the business model of Tony Soprano. (See video below.)

  Read the full article at Mother Jones.

  link
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  NewChapter

  Economic Patriotism.
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  darth frosty

  Ironically the above video goes back to the point I made on page 1 of this thread. THIS is the true romney! a shrewd calculating and effective business man.
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  kurtbethel

  The Romney business model, based on decades of experience and it never fails for him.

  Romney had a lemonade stand as a child

  Presidential candidate Mitt Romney has a lot of business experience. He ran a lemonade stand when he was a child, and one of his childhood friends has come forward to tell about Mitt's early business experiences at the lemonade stand.

  Jospeph Smith Jones, a current Florida resident, told StaggerOn.org about those early days of the Romney career.

  "Mitt didn't build the lemonade stand," Smith said.

  "It had been built by another boy, Ricky, a few years before. Ricky ran it all that time and his sister often helped him while he ran a paper route and was on the basketball team. So when Mitt bought the stand, it was already a thriving business."

  "After he bought it, Mitt told Ricky he could still run it, and that he [Mitt] would only have an advisory role in how it was run. He told Ricky not to worry, that he as doing a great job with it already."

  But that attitude toward the lemonade stand would soon change.

  "One of the things that the lemonade stand had done was to build up goodwill in the town. Ricky was able to get lemons and sugar from the grocers on credit, and pay the bill later from the earnings. Mitt saw that, and started getting those supplies on credit, but would divert them to lemonade stands in other towns and sell them there, pocketing the cash."

  "Mitt made other changes with the lemonade stand. During a heat wave, he instructed Ricky to add 5% more water to the recipe. Ricky was upset, since he had carefully found just the right amount to make great lemonade, but Mitt reassured him that it would be fine. So Ricky complied. People didn't seem to notice. Mitt got bolder as the heat wave continued, adding another 5% water, and kept adding it as time went on. After a few weeks there was 20% more water than the original recipe had required, but people didn't complain and business was steady."

  Things would change soon, as the business took a turn for the worse.

  "The grocers started getting concerned, as Mitt had run up a lot of credit for lemons and sugar to sell to other lemonade stands, but had not paid them back. They started tightening up on the credit they were willing to extend. Mitt instructed Ricky to quit using the 8 ounce glasses and start serving lemonade in 6 ounce glasses, while adding another 5% water to the recipe, but to keep the price the same. A few people complained, but not many, since the heat wave was severe and they were glad to have 6 ounces of a cold drink."

  "Then things went really sour for the lemonade stand. Ricky had been paid for working at the stand for Mitt, but soon found that the grocers would demand cash for supplies, which he ended up paying out of his own pocket. He was essentially working for free at a lemonade stand that Mitt owned, while Mitt had diverted all those supplies for several months and the lemonade stand had never seen any of the money from that. It had all mysteriously vanished with Mitt, who offered no explanation."

  Another factor would lead to the demise of the lemonade stand.

  "The heat wave finally broke, and with cooler weather the demand for lemonade had evaporated. The customers finally realized how little lemonade they were getting, and that it was watered down too. None of the local people would buy lemonade from that stand again, and there was little traffic from out of town, so the business was effectively shut down. This left the grocers who had extended credit very angry. They tried to recover their money from Mitt, and had found a rude shock. When Mitt drew up the papers to buy the lemonade stand, it was carefully worded in legalese that he didn't actually own it, that he was merely a consultant. So he had no liability for the huge debt that had been run up, and was able to pocket all that money. Even as the lemonade stand went out of business, he did really well for himself."

  The grocers were only able to revover a small amount of money from the sale of lumber and glassware that belonged to the lemonade stand, according to Jones.
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  144001

  The above is a quote from a very famous jurist in American history, Judge Learned Hand. He was right on the money with this one, and it is actually quoted in many publications concerning income tax issues.