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The King of Bain - When Mitt Romney Came to Town

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Author Topic: The King of Bain - When Mitt Romney Came to Town  (Read 3543 times)
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Howey
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« Reply #15 on: January 16, 2012, 04:21:25 pm »

Demagoguery

Socratic method


Gee. They're teaching you the big words in the asylum, aren't they?


So yes, you’ve made the connection between Obama restructuring GM and Bain taking over and restructuring companies.  In both cases, employees lost their jobs during the restructuring, with the hope that the firms could be saved and restored to profitability.  So Romney and Obama cut jobs for exactly the same reason.

Talk about missing a point!

Again. A n d  I ' l l  s a y  t h i s  r e a l  s l o w.......................................

Obama did not bail out the automakers. That was Bush.


Quote
Dec 22 2008

The auto-industry bailout saga came to an end, at least temporarily, on December 19th, 2008, when President Bush announced a $13.4 billion bailout from TARP funds. While still against the notion of using TARP funds for such a bailout, the President acknowledged the unique circumstances affecting the Detroit auto companies and the disastrous consequences that could result from their disorderly bankruptcies.

Of course, the Obama administration had to administer the loans. Unlike many of Mitt's companies, they didn't go belly up and as I've show you 45k, more than the number you cited, have returned to work. Not to mention (again) the success of 2011 and projected success of 2012.

Mitt's companies enjoyed a bankruptcy rate over twice of other companies and never rehired all those thousands of workers fired.

Most of all, and most importantly, I don't recall Obama making 190 million out of firing people, did he?

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