** Stage **

salinsky wrote:

Devastating.

Markle wrote:As you know, former Governor Mitt Romney and Bain Capital were successful in turning more than 70% of the companies in dire financial straits they bought. Those companies sought out Bain for help. Gov. Romney also left Bain in 1999 in order to rescue the 2002 Winter Olympics in Salt Lake City Utah.

How many companies did President Barack Hussein Obama CLOSE just in the auto industry? Over a thousand privately owned car dealerships along with all their employees. Hummer, Pontiac, Saturn. Who owns Chrysler so how is that an American car company?

For a list of CLOSED dealerships. (Over 100 in Florida alone)
http://www.edmunds.com/car-news/gm-dealerships-closing.html#FL


As for Bain, do you NEVER purchase a product from ANY of these companies?

The firm was founded in 1984 by partners from the consulting firm Bain & Company. Since inception it has invested in or acquired hundreds of companies including such notable companies as AMC Entertainment, Aspen Education Group, Brookstone, Burger King, Burlington Coat Factory, Clear Channel Communications, Domino's Pizza, Double Click, Dunkin' Donuts, D&M Holdings, Guitar Center, Hospital Corporation of America (HCA), Sealy, The Sports Authority, Staples, Toys "R" Us, Warner Music Group and The Weather Channel.

boards of FL wrote:

Markle wrote:As you know, former Governor Mitt Romney and Bain Capital were successful in turning more than 70% of the companies in dire financial straits they bought. Those companies sought out Bain for help. Gov. Romney also left Bain in 1999 in order to rescue the 2002 Winter Olympics in Salt Lake City Utah.

How many companies did President Barack Hussein Obama CLOSE just in the auto industry? Over a thousand privately owned car dealerships along with all their employees. Hummer, Pontiac, Saturn. Who owns Chrysler so how is that an American car company?

For a list of CLOSED dealerships. (Over 100 in Florida alone)
http://www.edmunds.com/car-news/gm-dealerships-closing.html#FL


As for Bain, do you NEVER purchase a product from ANY of these companies?

The firm was founded in 1984 by partners from the consulting firm Bain & Company. Since inception it has invested in or acquired hundreds of companies including such notable companies as AMC Entertainment, Aspen Education Group, Brookstone, Burger King, Burlington Coat Factory, Clear Channel Communications, Domino's Pizza, Double Click, Dunkin' Donuts, D&M Holdings, Guitar Center, Hospital Corporation of America (HCA), Sealy, The Sports Authority, Staples, Toys "R" Us, Warner Music Group and The Weather Channel.

So how did Obama close privately owned dealerships?

boards of FL wrote:

Markle wrote:As you know, former Governor Mitt Romney and Bain Capital were successful in turning more than 70% of the companies in dire financial straits they bought. Those companies sought out Bain for help. Gov. Romney also left Bain in 1999 in order to rescue the 2002 Winter Olympics in Salt Lake City Utah.

How many companies did President Barack Hussein Obama CLOSE just in the auto industry? Over a thousand privately owned car dealerships along with all their employees. Hummer, Pontiac, Saturn. Who owns Chrysler so how is that an American car company?

For a list of CLOSED dealerships. (Over 100 in Florida alone)
http://www.edmunds.com/car-news/gm-dealerships-closing.html#FL


As for Bain, do you NEVER purchase a product from ANY of these companies?

The firm was founded in 1984 by partners from the consulting firm Bain & Company. Since inception it has invested in or acquired hundreds of companies including such notable companies as AMC Entertainment, Aspen Education Group, Brookstone, Burger King, Burlington Coat Factory, Clear Channel Communications, Domino's Pizza, Double Click, Dunkin' Donuts, D&M Holdings, Guitar Center, Hospital Corporation of America (HCA), Sealy, The Sports Authority, Staples, Toys "R" Us, Warner Music Group and The Weather Channel.

So how did Obama close privately owned dealerships?

boards of FL wrote:
So how did Obama close privately owned dealerships?

Markle?

Floridatexan wrote:
Actually, Romney comes from a long line of hucksters, which is a good description of both Joseph Smith and Brigham Young. All you really have to do is some basic research. Looks like Romney is the biggest huckster of them all. Markle is just trying to earn his keep.

nochain wrote:

Floridatexan wrote:
Actually, Romney comes from a long line of hucksters, which is a good description of both Joseph Smith and Brigham Young. All you really have to do is some basic research. Looks like Romney is the biggest huckster of them all. Markle is just trying to earn his keep.

So just how is Romney related to those folks?

boards of FL wrote:

Markle wrote:As you know, former Governor Mitt Romney and Bain Capital were successful in turning more than 70% of the companies in dire financial straits they bought. Those companies sought out Bain for help. Gov. Romney also left Bain in 1999 in order to rescue the 2002 Winter Olympics in Salt Lake City Utah.

How many companies did President Barack Hussein Obama CLOSE just in the auto industry? Over a thousand privately owned car dealerships along with all their employees. Hummer, Pontiac, Saturn. Who owns Chrysler so how is that an American car company?

For a list of CLOSED dealerships. (Over 100 in Florida alone)
http://www.edmunds.com/car-news/gm-dealerships-closing.html#FL


As for Bain, do you NEVER purchase a product from ANY of these companies?

The firm was founded in 1984 by partners from the consulting firm Bain & Company. Since inception it has invested in or acquired hundreds of companies including such notable companies as AMC Entertainment, Aspen Education Group, Brookstone, Burger King, Burlington Coat Factory, Clear Channel Communications, Domino's Pizza, Double Click, Dunkin' Donuts, D&M Holdings, Guitar Center, Hospital Corporation of America (HCA), Sealy, The Sports Authority, Staples, Toys "R" Us, Warner Music Group and The Weather Channel.

So how did Obama close privately owned dealerships?

Floridatexan wrote:
Actually, Romney comes from a long line of hucksters, which is a good description of both Joseph Smith and Brigham Young. All you really have to do is some basic research. Looks like Romney is the biggest huckster of them all. Markle is just trying to earn his keep.

othershoe1030 wrote:Here's an article from the Economist about the government and General Motors. It looks like the President did a very good job.

Government Motors no more
An apology is due to Barack Obama: his takeover of GM could have gone horribly wrong, but it has not
Aug 19th 2010 | from the print edition


AMERICANS expect much from their president, but they do not think he should run car companies. Fortunately, Barack Obama agrees. This week the American government moved closer to getting rid of its stake in General Motors (GM) when the recently ex-bankrupt firm filed to offer its shares once more to the public (see article).

Once a symbol of American prosperity, GM collapsed into the government's arms last summer. Years of poor management and grabby unions had left it in wretched shape. Efforts to reform came too late. When the recession hit, demand for cars plummeted. GM was on the verge of running out of cash when Uncle Sam intervened, throwing the firm a lifeline of $50 billion in exchange for 61% of its shares.

Many people thought this bail-out (and a smaller one involving Chrysler, an even sicker firm) unwise. Governments have historically been lousy stewards of industry. Lovers of free markets (including The Economist) feared that Mr Obama might use GM as a political tool: perhaps favouring the unions who donate to Democrats or forcing the firm to build smaller, greener cars than consumers want to buy. The label “Government Motors” quickly stuck, evoking images of clunky committee-built cars that burned banknotes instead of petrol—all run by what Sarah Palin might call the socialist-in-chief.

Yet the doomsayers were wrong. Unlike, say, France's President Nicolas Sarkozy, who used public funds to support Renault and Peugeot-Citroën on condition that they did not close factories in France, Mr Obama has been tough from the start. GM had to promise to slim down dramatically—cutting jobs, shuttering factories and shedding brands—to win its lifeline. The firm was forced to declare bankruptcy. Shareholders were wiped out. Top managers were swept aside. Unions did win some special favours: when Chrysler was divided among its creditors, for example, a union health fund did far better than secured bondholders whose claims should have been senior. Congress has put pressure on GM to build new models in America rather than Asia, and to keep open dealerships in certain electoral districts. But by and large Mr Obama has not used his stakes in GM and Chrysler for political ends. On the contrary, his goal has been to restore both firms to health and then get out as quickly as possible. GM is now profitable again and Chrysler, managed by Fiat, is making progress. Taxpayers might even turn a profit when GM is sold.

So was the auto bail-out a success? It is hard to be sure. Had the government not stepped in, GM might have restructured under normal bankruptcy procedures, without putting public money at risk. Many observers think this unlikely, however. Given the panic that gripped private purse-strings last year, it is more likely that GM would have been liquidated, sending a cascade of destruction through the supply chain on which its rivals, too, depended. As for moral hazard, the expectation of future bail-outs may prompt managers and unions in other industries to behave rashly. But all the stakeholders suffered during GM's bankruptcy, so this effect may be small.

Socialists don't privatise

That does not mean, however, that bail-outs are always or often justified. Straightforward bankruptcy is usually the most efficient way to allow floundering firms to restructure or fail. The state should step in only when a firm's collapse poses a systemic risk. Propping up the financial system in 2008 clearly qualified. Saving GM was a harder call, but, with the benefit of hindsight, the right one. The lesson for governments is that for a bail-out to work, it must be brutal and temporary. The lesson for American voters is that their president, for all his flaws, has no desire to own the commanding heights of industry. A gambler, yes. An interventionist, yes. A socialist, no.
http://www.economist.com/node/16846494

Markle wrote:

boards of FL wrote:

Markle wrote:As you know, former Governor Mitt Romney and Bain Capital were successful in turning more than 70% of the companies in dire financial straits they bought. Those companies sought out Bain for help. Gov. Romney also left Bain in 1999 in order to rescue the 2002 Winter Olympics in Salt Lake City Utah.

How many companies did President Barack Hussein Obama CLOSE just in the auto industry? Over a thousand privately owned car dealerships along with all their employees. Hummer, Pontiac, Saturn. Who owns Chrysler so how is that an American car company?

For a list of CLOSED dealerships. (Over 100 in Florida alone)
http://www.edmunds.com/car-news/gm-dealerships-closing.html#FL


As for Bain, do you NEVER purchase a product from ANY of these companies?

The firm was founded in 1984 by partners from the consulting firm Bain & Company. Since inception it has invested in or acquired hundreds of companies including such notable companies as AMC Entertainment, Aspen Education Group, Brookstone, Burger King, Burlington Coat Factory, Clear Channel Communications, Domino's Pizza, Double Click, Dunkin' Donuts, D&M Holdings, Guitar Center, Hospital Corporation of America (HCA), Sealy, The Sports Authority, Staples, Toys "R" Us, Warner Music Group and The Weather Channel.

So how did Obama close privately owned dealerships?

As you know, he took over ownersip of the companies.

We still have a huge interest in General Motors and Fiat now owns Chrysler. Does that now make it an Italian car company?

Floridatexan wrote:
What should we talk about, Markle? Trying to save American businesses or gutting American businesses to make a buck (or a whole lot of them)? Someone recently called Romney an anti-capitalist. I think that's a fitting description. Maybe we should ask some former employees of those businessses Romney "saved". See...he's not the entrepreneurial type, the guy who builds the business up piecemeal and makes it thrive. Nope. Romney's the real-life personification of Gordon Gecko, who swoops down and makes profits out of thin air, then carves them out and leaves the carcass...Romney makes Madoff look like the Angel Gabriel.

Floridatexan wrote:
People...Joseph Smith and Brigham Young were the leaders of the early Mormon Church.

ghandi wrote:I'm convinced that if God himself ran for president under the republican ticket, the libs would run adds about why he hasn't helped us earlier. After they asked for his birth certificate and SSN and tax returns.