2016 Postmortem
Related: About this forumDemocrats, is it not time we
Last edited Thu May 17, 2012, 02:43 PM - Edit history (2)
President Obama is casting Mitt Romney as a GREEDY, JOB KILLING corporate titan
WASHINGTON (AP) President Barack Obama is casting Mitt Romney as a greedy, job-killing corporate titan with little concern for the working class in a new, multipronged effort that seeks to undermine the central rationale for his Republican rival's candidacy: his business credentials.
At the center of the push the president's most forceful attempt yet to sully Romney before the November election is a biting new TV ad released Monday that recounts through interviews with former workers the restructuring, and ultimate demise, of a Kansas City, Mo., steel mill under the Republican's private equity firm.
"They made as much money off of it as they could. And they closed it down," says Joe Soptic, a steelworker for 30 years. Jack Cobb, who also worked in the industry for three decades, adds: "It was like a vampire. They came in and sucked the life out of us."
http://news.yahoo.com/obama-seeks-undercut-romneys-record-jobs-061155752.html
jenmito
(37,326 posts)"right words" to use to get the desired messages out for more than just this election.
napkinz
(17,199 posts)we may have goatees, but there we're still the good guys
(and in that universe, Al Gore won in 2000 and we didn't go into Iraq, and we have a surplus, and universal healthcare)
napkinz
(17,199 posts)The Tampa Bay Times reports on yet another example of Mitt Romney's "heads I win, tails you lose" business model: Millions of dollars in tax subsidies given to Bain-owned Dade Behring for creating jobs in Puerto Rico ... after which the company shut down its Puerto Rico operations.
The company under Bain's leadership sought and received millions of dollars in tax breaks for creating jobs in Puerto Rico - shortly before closing it's facilities, costing nearly 300 jobs.
The company in 1997 received a $3-million federal tax break aimed to promoting job creation in Puerto Rico. It also received a $4.1-million tax exemption from Puerto Rick in 1997 in the name of job creation. Dade ceased its operations in Puerto Rico in the first quarter of 1998.
http://www.dailykos.com/story/2012/05/15/1091874/-The-Bain-Way-Take-millions-in-job-creation-tax-subsidies-then-turn-around-and-lay-off-hundreds?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+dailykos%2Findex+%28Daily+Kos%29
napkinz
(17,199 posts)It's supposed to read "Democrats, is it not time we 'Luntz' Mitt Romney?"
I don't know why it won't take. If anyone knows, please share with me.
(The subject line as it stands now leaves the reader clueless.)
MissMarple
(9,656 posts)You must do this for a living.
jambo101
(797 posts)Romney is no doubt a job destroyer but that wont stop the right from voting for him and if on the off chance he does win the righties will just spin any job losses or any other shortcomings Romney will experience as some how Obamas fault.
napkinz
(17,199 posts)What is Bain Capital? Co-founded by Mitt Romney in 1984, Bain Capital is a classic strip and flip shop a private equity firm that made its money buying businesses and sucking profit out of them by any means possible that often resulted in a stack of pink slips for everyday Americans. As the New York Post reported, during his 15 years as head of Bain, Romney made fortunes by bankrupting five profitable businesses that ended up firing thousands of workers."
Heres how it often went down. Romneys Bain would buy a company and increase its short-term earnings through firing workers and shuttering plants in order to borrow enormous amounts of money. The borrowed money was used to pay Bain dividends, however, those businesses needed to maintain that high level of earnings to pay their debts. When they couldnt, that meant plant closures, more layoffs, bankruptcies, and in many cases, the end of the business. Yet these bankruptcies still meant huge profits for Bains investors. Furthermore, Bain continued to collect management fees even as companies failed.
http://www.romneygekko.com/mitt/
napkinz
(17,199 posts)David Wren McClatchy Newspapers
MYRTLE BEACH, S.C. Boston-based Bain Capital LLC more than doubled its money on GS Industries Inc. the former parent company of Georgetown Steel under Mitt Romney's leadership in the 1990s, even as the steel manufacturer went on to cut more than 1,750 jobs, shuttered a division that had been around for 100 years and eventually sank into bankruptcy.
By the time GS Industries filed for bankruptcy protection, the number of employees worldwide had been cut by more than half.
"It makes me sick," retired Kansas City steelworker Steve Morrow told the Los Angeles Times last month. Morrow told the newspaper that top managers continued to receive bonuses from Bain Capital even as bankruptcy neared, but not other employees.
Read more here: http://www.mcclatchydc.com/2012/01/14/135889/romneys-bain-made-millions-as.html
Omniscientone
(12 posts)napkinz
(17,199 posts)by Josh Feldman | 2:20 pm, May 20th, 2012
Mitt Romney has been touting his private sector experience to help bolster his economic credentials by stating that he is a job creator. He recently released an ad claiming on his first day in office, he would take several steps to create new jobs. On todays Meet the Press, CNBCs Jim Cramer argued that while Romney might try to claim it, most people dont see him as a job creator, rather, they view him as more of a job destroyer.
David Gregory asked Cramer if Romney will be able to get a sustained bump from the job creator claims. Cramer admitted that people may be receptive to some of what Romney has in his ads, but the simple truth to him is that Romney cant accurately say hes created jobs given the public perception of his time at Bain Capital.
Romneys known as a job destroyer, not a job creator. I just dont think that this will stick. I think Bain sticks. I think the idea that you bring in Bain, which is what happened in the 80s, they fire a lot of people and thats how they get prosperity for the rich. That is a more resonant theme, I think, than anything Romneys come up with.
http://www.mediaite.com/tv/jim-cramer-on-meet-the-press-romney-is-known-as-a-job-destroyer-not-a-creator/
napkinz
(17,199 posts)The lessons are very clear, Cory.
First, the issue of Bain is relevant because Romney is basing his quest for the presidency on his record of job creation.
So President Obama has not just a right but a duty to examine Romney's record. And that's just what President Obama and his team are doing in those ads.
And the numbers say it all. Look at how many jobs were ELIMINATED during his tenure at Bain.
Romney is a job destroyer.
Learn it. Repeat it. Again and again.
Either we define Romney, or he defines himself.
If Americans think "job creator" when they hear the name Romney, then Obama --and we -- lose.
If Americans think "job destroyer" when they hear the name Romney, then Obama --and we --win.