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I think Bain Capital is a good organization
Posted by: Leadership ()
Date: January 18, 2012 09:24AM

I think the criticism of Bain Capital is complete hype. I honestly believe that we should have many people from that organization in important positions in our government. They are adept at making money and that is exactly what this country needs at this time.

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Re: I think Bain Capital is a good organization
Posted by: BainCapital ()
Date: January 18, 2012 09:33AM

Leadership Wrote:
-------------------------------------------------------
> I think the criticism of Bain Capital is complete
> hype. I honestly believe that we should have many
> people from that organization in important
> positions in our government. They are adept at
> making money and that is exactly what this country
> needs at this time.

We need Bain Capital like we need more scalpers buying concert tickets.

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Re: I think Bain Capital is a good organization
Posted by: Les ()
Date: January 18, 2012 09:39AM

They're highly leveraged scalpers.

Didn't we do the same thing in a sense in the late 90's?

The US struck a deal with Japan to export our jobs in exchange for their buying up US debt. We coordinated with Japan and Europe to inflate the value of the dollar, thus making our products and financial assets more expensive. Japan gets more jobs to bail out their economy.

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Re: I think Bain Capital is a good organization
Date: January 18, 2012 09:41AM

Bain makes money by swooping into troubled companies, raiding the pension funds, pocketing the proceeds and shifting the burden onto taxpayers and bankruptcy courts. You already saw that on Wall Street in 2008. They don't "make money." They acquire debt while pocketing fees and then shift the burden onto others.

---------------------------------------------------------------------------------
http://bible.cc/1_corinthians/13-11.htm



Edited 2 time(s). Last edit at 01/18/2012 09:41AM by WashingTone-Locian.

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Re: I think Bain Capital is a good organization
Posted by: EdRealtor ()
Date: January 18, 2012 09:50AM

Romney can keep saying Bain created 300,000 jobs but that is completely false. In reality Bain acquired\leveraged troubled companies, laid off workers and then sold off the assets while raiding existing funds.

Anybody can make a company profit for a year or two by getting rid of half the staff, stopping benefits, selling off the buildings and assets.

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Re: I think Bain Capital is a good organization
Posted by: different place same story ()
Date: January 18, 2012 09:54AM

How many jobs did Solyndra create and that only cost us half a billion tax dollars. Talk about looting a company how about their execs?

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Re: I think Bain Capital is a good organization
Date: January 18, 2012 09:55AM

different place same story Wrote:
-------------------------------------------------------
> How many jobs did Solyndra create and that only
> cost us half a billion tax dollars. Talk about
> looting a company how about their execs?


I believe they are under criminal investigation. Your point?

---------------------------------------------------------------------------------
http://bible.cc/1_corinthians/13-11.htm

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Re: I think Bain Capital is a good organization
Date: January 18, 2012 09:57AM

EdRealtor Wrote:
-------------------------------------------------------
> Romney can keep saying Bain created 300,000 jobs
> but that is completely false. In reality Bain
> acquired\leveraged troubled companies, laid off
> workers and then sold off the assets while raiding
> existing funds.
>
> Anybody can make a company profit for a year or
> two by getting rid of half the staff, stopping
> benefits, selling off the buildings and assets.


"Creative destruction" means taking profitable family-owned businesses and driving them into the ground and then selling the pieces. The guy is an asshole. This is what's wrong with America, not what's right.

---------------------------------------------------------------------------------
http://bible.cc/1_corinthians/13-11.htm

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Re: I think Bain Capital is a good organization
Posted by: head scratcher ()
Date: January 18, 2012 09:58AM

If Bain is so bad, why did Obama tap a Bain alum to be his head of OMB for the remainder of his time in office?

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Re: I think Bain Capital is a good organization
Posted by: profits? ()
Date: January 18, 2012 09:59AM

WashingTone-Locian Wrote:
-------------------------------------------------------
> "Creative destruction" means taking profitable
> family-owned businesses and driving them into the
> ground and then selling the pieces. The guy is an
> asshole. This is what's wrong with America, not
> what's right.


You never ending web of lies never ceases to amaze. Profitable? Get real.

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Re: I think Bain Capital is a good organization
Posted by: different place ()
Date: January 18, 2012 10:16AM

WashingTone-Locian Wrote:
-------------------------------------------------------
> different place same story Wrote:
> --------------------------------------------------
> -----
> > How many jobs did Solyndra create and that only
> > cost us half a billion tax dollars. Talk about
> > looting a company how about their execs?
>
>
> I believe they are under criminal investigation.
> Your point?

I wont hold my breath on that one. As soon as the arrows point to the executives connection to Obama it will be swept under the rug. Bottom line is if Solyndra had such great potential it would have sold an IPO not depended on taxpayer dollars to fund an enterprise that was doomed before they opened the doors.

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Re: I think Bain Capital is a good organization
Date: January 18, 2012 10:17AM

head scratcher Wrote:
-------------------------------------------------------
> If Bain is so bad, why did Obama tap a Bain alum
> to be his head of OMB for the remainder of his
> time in office?


That's a good question. A better one might be why the rest of the GOP field is making such a big deal out of Bain. They are the ones driving this, not Obama.

---------------------------------------------------------------------------------
http://bible.cc/1_corinthians/13-11.htm

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Re: I think Bain Capital is a good organization
Date: January 18, 2012 10:20AM

different place Wrote:
-------------------------------------------------------
> WashingTone-Locian Wrote:
> --------------------------------------------------
> -----
> > different place same story Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > How many jobs did Solyndra create and that
> only
> > > cost us half a billion tax dollars. Talk
> about
> > > looting a company how about their execs?
> >
> >
> > I believe they are under criminal
> investigation.
> > Your point?
>
> I wont hold my breath on that one. As soon as the
> arrows point to the executives connection to Obama
> it will be swept under the rug. Bottom line is if
> Solyndra had such great potential it would have
> sold an IPO not depended on taxpayer dollars to
> fund an enterprise that was doomed before they
> opened the doors.

Sounds to me like Solyndra management defrauded the government. Kind of reminds me of these guys...


http://whosarat.websitetoolbox.com/post?id=5154914

---------------------------------------------------------------------------------
http://bible.cc/1_corinthians/13-11.htm

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Re: I think Bain Capital is a good organization
Posted by: Bained ()
Date: January 18, 2012 10:25AM

A Bloomberg News review of several Bain deals during Romney’s tenure showed that workers in some firms had indications their jobs might be in jeopardy soon after Bain moved into management. In other cases, pink slips arrived after Bain and its investors had collected their profits and left debts behind.

Interviews with former employees and executives at Bain and companies it controlled, along with a review of Bain’s activities described in public documents and news accounts, paint a picture of an operation that wasn’t focused on expanding employment. Instead, Bain’s mission, like most private equity firms, was to generate gains for its investors.

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Re: I think Bain Capital is a good organization
Posted by: head scratcher ()
Date: January 18, 2012 10:27AM

WashingTone-Locian Wrote:
-------------------------------------------------------
> head scratcher Wrote:
> --------------------------------------------------
> -----
> > If Bain is so bad, why did Obama tap a Bain
> alum
> > to be his head of OMB for the remainder of his
> > time in office?
>
>
> That's a good question.

What's the answer? Obama has joined in the Bain attack line (see below) yet tapped a Bain alum to head up his management and budget team. If Bain is so bad, has the President made a poor decision?

> A better one might be why
> the rest of the GOP field is making such a big
> deal out of Bain.

Because they are deperate. The same way Hillary was desperate in '08. In a month or so, you will see more of the same from a desperate Obama. The problem is that Bain couldn't be so bad that Obama named a Bain alum to a senior post.

>They are the ones driving this, not Obama.

Really?

From the AP:

As if on cue, Obama's campaign released a scathing memo noting that Bain closed companies and cut wages and benefits, while Romney and his partners became wealthy. The memo amounts to a roadmap of the Obama campaign's general election playbook should Romney become the GOP nominee.

"His overwrought response to questions about it has been to insist that any criticism of his business record is an assault on free enterprise itself," top Obama campaign aide Stephanie Cutter wrote. "But this is just an attempt to evade legitimate scrutiny of the record on which he says he's running."

“Romney closed over a thousand plants, stores and offices, and cut employee wages, benefits and pensions. He laid off American workers and outsourced their jobs to other countries. And he and his partners made hundreds of millions of dollars while taking companies to bankruptcy.”

-- Stephanie Cutter, Obama campaign memo titled “Romney’s Economic Record: Profit at Any Cost,” Jan. 13, 2012




The memo by the way earned 3 Pinocchios from the Fact Checker. So, not only is the Obama campaign making hay about it, they are flat out lying about it too.

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Re: I think Bain Capital is a good organization
Posted by: Les ()
Date: January 18, 2012 10:34AM

head scratcher Wrote:
-------------------------------------------------------
> If Bain is so bad, why did Obama tap a Bain alum
> to be his head of OMB for the remainder of his
> time in office?

Both parties are the same. We have a two-headed one-party system. We have Republicans running on a promise to undo Dodd-Frank financial reform regulations, but very little <20%) of it has even been implemented after three years. You have the anti-regulators on one side and you have the captive regulators on the other that make sure nothing gets done...

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Re: I think Bain Capital is a good organization
Posted by: mcsmack ()
Date: January 18, 2012 11:32AM

WashingTone-Locian Wrote:
-------------------------------------------------------
> different place same story Wrote:
> --------------------------------------------------
> -----
> > How many jobs did Solyndra create and that only
> > cost us half a billion tax dollars. Talk about
> > looting a company how about their execs?
>
>
> I believe they are under criminal investigation.
> Your point?

Side note. I still think it is interesting that the Democrat Party of California is listed as one of the creditors in Solyndra's bankruptcy papers.

"Why California Democrats would be creditor to a company that received more than a half-billion dollars in federal loans to build a solar-panel plant isn’t clear. Even party officials say they’re not sure.

The California Democratic Party’s communications director, Tenoch Flores, said the organization was not owed “any funds in any form” by the California-based company. He said he was unclear why the party would be listed as a creditor in Solyndra’s bankruptcy filing."

http://www.washingtontimes.com/news/2011/sep/25/bankrupt-solyndras-curious-creditor/

I'm sure it's just a "typo".

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Re: I think Bain Capital is a good organization
Posted by: sleepy ()
Date: January 18, 2012 11:59AM

Leadership Wrote:
-------------------------------------------------------
> I think the criticism of Bain Capital is complete
> hype. I honestly believe that we should have many
> people from that organization in important
> positions in our government. They are adept at
> making money and that is exactly what this country
> needs at this time.

The whole of BainCapital's purpose is to generate a
return for its investors and line the pocket's of its
management, regardless the consequences to the employees
of the companies BainCapital acquires or the companies
themselves.

The purpose of government is to serve its citizens. How does
experience generating returns regardless the consequences
prepare one to serve citizens in a governmental role?

____________________________________________________________

“When a corporation farts, I'll believe it's a human being.” – Dylan Ratigan



Edited 1 time(s). Last edit at 01/18/2012 12:00PM by sleepy.

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Re: I think Bain Capital is a good organization
Posted by: mcsmack ()
Date: January 18, 2012 12:01PM

On Bain Capital.

The venture capital company Bain has created far more businesses and jobs than has lost.

http://online.wsj.com/article/SB10001424052970204879004577108500491449164.html

We have our policy differences with Mr. Romney, but by any reasonable measure Bain Capital has been a net job and wealth creator. Founded in 1984 as an offshoot of the Bain consulting company, Bain Capital's business is a combination of private equity and venture capital. The latter means taking a flyer on start-ups that may or may not pan out, something that neither Mr. Gingrich nor Mr. Obama seem to find offensive when those investments are made by Silicon Valley firms in "clean energy."

One Bain investment during Mr. Romney's tenure was to back an entrepreneur named Tom Stemberg, who was convinced he could provide savings for small-business owners if they were willing to shop at a store instead of taking deliveries. Today, the Staples chain of business-supply stores employs 90,000 people.

I will put Bain capitals performance with private capital up against Obama's performance, with tax payers money mind you, at any point in time ever.

This attack on venture groups is infantile. If you want to see the American economy thrown completely off the cliff just get rid of the 2600 plus venture firms that currently exist in the US.



Edited 1 time(s). Last edit at 01/18/2012 12:02PM by mcsmack.

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Re: I think Bain Capital is a good organization
Posted by: Leadership ()
Date: January 18, 2012 12:01PM

sleepy Wrote:
-------------------------------------------------------
> The purpose of government is to serve its
> citizens. How does
> experience generating returns regardless the
> consequences
> prepare one to serve citizens in a governmental
> role?


Well, apparently President Obama thinks it prepared his new Director of OMB. Was Obama wrong?

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Re: I think Bain Capital is a good organization
Posted by: sleepy ()
Date: January 18, 2012 12:33PM

Leadership Wrote:
-------------------------------------------------------
> Well, apparently President Obama thinks it prepared
> his new Director of OMB. Was Obama wrong?

I don't know what President Obam thinks & neither do you.

> I honestly believe that we should have many
> people from that organization in important
> positions in our government.

This is your statement regading BainCapital alum.

Explain what you meant.

____________________________________________________________

“When a corporation farts, I'll believe it's a human being.” – Dylan Ratigan



Edited 1 time(s). Last edit at 01/18/2012 12:33PM by sleepy.

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Re: I think Bain Capital is a good organization
Posted by: Leadership ()
Date: January 18, 2012 12:42PM

sleepy Wrote:
-------------------------------------------------------
> Leadership Wrote:
> --------------------------------------------------
> -----
> > Well, apparently President Obama thinks it
> prepared
> > his new Director of OMB. Was Obama wrong?
>
> I don't know what President Obam thinks & neither
> do you.

Well, The White House put out this release: "Mr. Zients has twenty years of business experience as a CEO, management consultant and entrepreneur with a deep understanding of business strategy, operations and process improvement, and financial management. His expertise extends across a broad range of industries and geographies."

Obviously they value his experience. The administration indicated what they thought about Mr. Zients, so, yes, I do know what they were thinking. I can't help it if you wish to remain uninformed on such matters.



> > I honestly believe that we should have many
> > people from that organization in important
> > positions in our government.
>
> This is your statement regading BainCapital alum.
>
> Explain what you meant.

What? Do you need a thesaurus or a dictionary? It is pretty obvious what is meant, and obviously, President Obama shares the same sentiment or he wouldn't promote a Bain alum to such an important position.

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Re: I think Bain Capital is a good organization
Posted by: sleepy ()
Date: January 18, 2012 01:01PM

Leadership Wrote:
-------------------------------------------------------
> > > I honestly believe that we should have many
> > > people from that organization in important
> > > positions in our government.
> >
> > This is your statement regading BainCapital
> alum.
> >
> > Explain what you meant.
>
> What? Do you need a thesaurus or a dictionary? It
> is pretty obvious what is meant, and obviously,
> President Obama shares the same sentiment or he
> wouldn't promote a Bain alum to such an important
> position.


Understood: You can't explain the reasoning behind
your inane statement. Your dodging of my question
is duly noted.

____________________________________________________________

“When a corporation farts, I'll believe it's a human being.” – Dylan Ratigan

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Re: I think Bain Capital is a good organization
Posted by: Leadership ()
Date: January 18, 2012 01:13PM

sleepy Wrote:
-------------------------------------------------------
> Leadership Wrote:
> --------------------------------------------------
> -----
> > > > I honestly believe that we should have many
> > > > people from that organization in important
> > > > positions in our government.
> > >
> > > This is your statement regading BainCapital
> > alum.
> > >
> > > Explain what you meant.
> >
> > What? Do you need a thesaurus or a dictionary?
> It
> > is pretty obvious what is meant, and obviously,
> > President Obama shares the same sentiment or he
> > wouldn't promote a Bain alum to such an
> important
> > position.
>
>
> Understood: You can't explain the reasoning
> behind
> your inane statement. Your dodging of my
> question
> is duly noted.


Understood. Your lack of basic reading skills does not allow you to understand a simple straight forward sentence. Your inability to comprehend basic English is duly noted.

But seriously, what section are you having trouble with? Do I need to break it down for you?

I (me, the poster known as Leadership)
honestly (truthfully, with firm conviction)
believe (think, a strong opinion towards)
that we should have (do you really need this explained?)
many (lots, a large number of)
people (human beings)
from that (do you need this part summarized for you?)
organization (Bain, you should have understood that given the context)
in (really?)
important (prominent, high level, influential)
positions (jobs, occupations, advisors)
in (nah, you don't need this defined, do you?)
our (the United States, again, context)
government (administrators and managers of our system of laws and policies)


Is that better for you? I don't know how much more clear I can be.

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Re: I think Bain Capital is a good organization
Posted by: sleepy ()
Date: January 18, 2012 01:23PM

Leadership Wrote:
-------------------------------------------------------
> Is that better for you? I don't know how much
> more clear I can be.

So it's 'explain' and 'reasoning' that you don't understand.

'Explain' means to 'make known; to make plain or understandable'.

'Reasoning' means 'the use of reason; especially : the drawing of
inferences or conclusions through the use of reason'.

I have asked that the make known the use of reason you employed
in formulating your statement:

> I honestly believe that we should have many
> people from that organization in important
> positions in our government.

Got it now? So, what’s your next dodge?

____________________________________________________________

“When a corporation farts, I'll believe it's a human being.” – Dylan Ratigan

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Re: I think Bain Capital is a good organization
Posted by: Leadership ()
Date: January 18, 2012 01:49PM

sleepy Wrote:
-------------------------------------------------------
> Leadership Wrote:
> --------------------------------------------------
> -----
> > Is that better for you? I don't know how much
> > more clear I can be.
>
> So it's 'explain' and 'reasoning' that you don't
> understand.

I think you are confused as you didn't add the word reasoning until later. You really are confused.

> 'Explain' means to 'make known; to make plain or
> understandable'.

And, apparently you needed a simple sentence explained to you.

> 'Reasoning' means 'the use of reason; especially :
> the drawing of
> inferences or conclusions through the use of
> reason'.

It is called context. Read what you are asking me to explain and then put that sentence in the context of the original post. Do you see how it all fits together? Hmmm, are you getting this whole reading comp thing yet? I feel like I am prepping a tard for the SAT verbal section.

> I have asked that the make known the use of reason
> you employed
> in formulating your statement:
>
> > I honestly believe that we should have many
> > people from that organization in important
> > positions in our government.
>
> Got it now? So, what’s your next dodge?


Do you know what context is? Maybe you should read the whole statement.

What is your next imbecilic question that has an obvious answer?

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Re: I think Bain Capital is a good organization
Date: January 18, 2012 01:59PM

Most people aren't heartless or unethical enough to do what Romney did with Bain.

---------------------------------------------------------------------------------
http://bible.cc/1_corinthians/13-11.htm

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Re: I think Bain Capital is a good organization
Posted by: new hire ()
Date: January 18, 2012 02:03PM

WashingTone-Locian Wrote:
-------------------------------------------------------
> Most people aren't heartless or unethical enough
> to do what Romney did with Bain.


Apparently, Obama's new director of OMB is that heartless and unethical.

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Re: I think Bain Capital is a good organization
Posted by: sleepy ()
Date: January 18, 2012 02:15PM

My original question was:

How does experience generating returns regardless
the consequences (a la BainCapital) prepare one
to serve citizens in a governmental role?

Your original response was that President Obama
appointed a BainCapital alum to the OMB which,
while true, is not responsive to my question.

I asked for clarification.

You dodged...and dodged...and dodged.

Leadership Wrote:
-------------------------------------------------------
> > So, what’s your next dodge?
>
>
> Do you know what context is? Maybe you should
> read the whole statement.

And there it is. You obviously cannot articulate
a reason why you believe that our government should
be chock-a-block with BainCapital alums. Why am I
not surprised? Did Limbaugh or Hannity tell you to
parrot that talking point?

Well, thanks for proving my point. I am done with you.

____________________________________________________________

“When a corporation farts, I'll believe it's a human being.” – Dylan Ratigan

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Re: I think Bain Capital is a good organization
Posted by: Leadership ()
Date: January 18, 2012 02:29PM

sleepy Wrote:
-------------------------------------------------------
> My original question was:
>
> How does experience generating returns regardless
> the consequences (a la BainCapital) prepare one
> to serve citizens in a governmental role?
>
> Your original response was that President Obama
> appointed a BainCapital alum to the OMB which,
> while true, is not responsive to my question.
>
> I asked for clarification.

No, Here it is as it appears your attention span does not allow you to remember events from earlier in the day:

"> I honestly believe that we should have many
> people from that organization in important
> positions in our government.

This is your statement regading BainCapital alum.

Explain what you meant."

Do you remember typing that?

> You dodged...and dodged...and dodged.
>
> Leadership Wrote:
> --------------------------------------------------
> -----
> > > So, what’s your next dodge?
> >
> >
> > Do you know what context is? Maybe you should
> > read the whole statement.
>
> And there it is. You obviously cannot articulate
> a reason why you believe that our government
> should
> be chock-a-block with BainCapital alums.

Oh, but I did, you just didn't like it. Look, Obama made a good choice in putting a Bain man in charge of OMB. What is your problem with that?


> Why am
> I
> not surprised? Did Limbaugh or Hannity tell you
> to
> parrot that talking point?

Did Hannity tell me to say that Obama made a good choice? What planet do you live on?

Oh, this is rich coming from the guy that is quoting straight from the Cutter memo. Your last original thought was when you decided between fruity pebbles or boo berry.

> Well, thanks for proving my point. I am done with
> you.


You are done because you cannot read sentences in context. I cannot help the fact that your subpar intellect and/or education does not allow you to read sentences together in context.

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Re: I think Bain Capital is a good organization
Posted by: lay off the drugs ()
Date: January 18, 2012 02:59PM

WashingTone-Locian Wrote:
-------------------------------------------------------
> Most people aren't heartless or unethical enough
> to do what Romney did with Bain.


Most people dont just make up every single thing they post, but thats never stopped you

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