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kpete

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Member since: Fri Sep 17, 2004, 03:59 PM
Number of posts: 42,580

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NEW ROMNEY VIDEO: In 1985, He Said Bain Would "Harvest" Companies for Profits

Source: Mother Jones

NEW ROMNEY VIDEO: In 1985, He Said Bain Would "Harvest" Companies for Profits

This clip shows the young CEO focusing on businesses as targets for his investors, not as job creators or community stakeholders.

—By David Corn | Thu Sep. 27, 2012 3:00 AM PDT

...............................

But at Bain, Romney's top priority wasn't to boost employment. As the Wall Street Journal recently noted, creating jobs "wasn't the aim of Bain or other private-equity firms, which measure success by returns produced for investors." And, the newspaper reported, Romney's 100,000-jobs claim is tough to evaluate.

Mother Jones has obtained a video from 1985 in which Romney, describing Bain's formation, showed how he viewed the firm's mission. He explained that its goal was to identify potential and hidden value in companies, buy significant stakes in these businesses, and then "harvest them at a significant profit" within five to eight years.

The video was included in a CD-ROM created in 1998 to mark the 25th anniversary of Bain & Company, the consulting firm that gave birth to Bain Capital. Here is the full clip, as it appeared on that CD-ROM (the editing occurred within the original):

Read more: http://www.motherjones.com/politics/2012/09/1985-romney-bain-harvest-firms-profits-video



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This Should Finish Mitt Off: Mother Jones: Romney on Bain's plan to "BUY & HARVEST" companies

There's been a new video released on Mother Jones which shows Mitt Romney talking about Bain's aims, ie, to harvest companies.

&feature=player_embedded

via:
http://www.dailykos.com/story/2012/09/27/1136987/-New-video-from-Mother-Jones-Bain-aims-to-harvest-companies-at-a-profit

George W. Bush To Keynote Cayman Islands Investment Conference

Source: Buzzfeed

George W. Bush To Keynote Cayman Islands Investment Conference
Not entirely the party's message of the week.



Former President George W. Bush is set to deliver the keynote address at the Cayman Alternative Investment Summit on Grand Cayman just a few days before the election.

The conference will feature Bush as the keynote speaker on the first night, and British billionaire Sir Richard Branson on the second night.

"Institutional investors, private investors, asset allocators, fund managers, service providers, academics and regulators will benefit from this discussion on the future of the industry," reads to the FAQ section of the website.

The timing of the conference could land awkwardly during an election season that's been marked by speculation about Mitt Romney's finances, particularly his offshore investments in tax havens like the Cayman Islands.

Read more: http://www.buzzfeed.com/rosiegray/george-w-bush-to-keynote-cayman-islands-investmen

Refs Reach Deal With NFL, Will Be On Field Thursday Night

Source: Business Insider

Refs Reach Deal With NFL, Will Be On Field Thursday Night
Cork Gaines | 12 minutes ago |


Tara Sullivan of the New Jersey Record is reporting (via Twitter), that the lockout of the NFL officials is expected to end tonight as the two sides are nearing an agreement on a new 8-year deal. She adds that the regular refs are expected to be on the field for the Thursday night game between the Browns and the Ravens.

ProFootballTalk.com is now reporting (via Twitter) that the deal is done and has been signed by both sides.





Read more: http://www.businessinsider.com/report-refs-nearing-deal-with-nfl-expected-to-be-on-field-thursday-night-2012-9

Romney Has a Jobs Plan ... for China - By Amy Goodman

Romney Has a Jobs Plan ... for China
Posted on Sep 26, 2012
By Amy Goodman

..................

A group of workers from Sensata Technologies have set up their tents in a protest encampment across the road from the plant where many of them have spent their adult lives working. Sensata makes high-tech sensors for automobiles, including the sensors that help automatic transmissions run safely. Sensata Technologies recently bought the plant from Honeywell, and promptly told the more than 170 workers there that their jobs and all the plant’s equipment would be shipped to China.

You may never have heard of Sensata Technologies, but in this election season, you’ve probably heard the name of its owner, Bain Capital,
the company co-founded and formerly run by Mitt Romney. When they learned this, close to a dozen Sensata employees decided to put up a fight, to challenge Romney to put into practice his very campaign slogans to save American jobs. They traveled to Tampa, Fla., joining in a poor people’s campaign at a temporary camp called Romneyville (after the Hoovervilles of the Great Depression). They organized a petition drive, getting 35,000 people to join their demand for Romney to call on his former colleagues to save their jobs. Since Freeport is close to two swing states, Iowa and Wisconsin, they traveled to a Romney rally and appealed directly to him there (Ironically, for appealing to Romney to save their jobs from being sent to China, the Sensata workers were jeered as communists at the rally, and removed by U.S. Secret Service).

Then the workers established Bainport. Set up at the Stephenson County Fairgrounds, with the full support of the community, the workers have spent more than two weeks camped out, with a dozen tents, a large circus-style tent serving as a covered gathering space and command center, and an outdoor kitchen. They built a stage with a banner reading, “Mitt Romney: Come to Freeport” and signs like “Romney does have a jobs plan ... too bad it’s for China.” Behind the stage they have built a small bridge that carries the workers across a gully to and from their remaining shifts at the plant.

One night last week, we arrived at Bainport at 10:30. A group of workers and their supporters were sitting around the campfire. I talked to them, one by one, before they made their way to their tents. Dot Turner had to be at work at 5 a.m. I asked her how long she’d been at the plant. “For 43 years. I started in 1969. I was 18 at the time,” she told me. Her message to Romney was clear: “If he was really concerned about the American people and if he was concerned about creating jobs, the 12 million jobs that he always uses as his stump speech, he could create this job by leaving it here.”


MORE:
http://www.truthdig.com/report/item/romney_has_a_jobs_plan_for_china_20120926/

Romney's Latest.....I Believe This Is When The Right Wing Begins To Eat Mitt Alive

This may be where the real implosion
starts to take manifest itself.

When the Right Wing begins to eat Romney alive:

“Don’t forget — I got everybody in my state insured,” Romney told NBC. “One hundred percent of the kids in our state had health insurance. I don’t think there’s anything that shows more empathy and care about the people of this country than that kind of record.”


http://2012.talkingpointsmemo.com/2012/09/romney-touts-romneycare.php?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+tpm-2012+%28TPM2012%29

Phoenix Mayor Attempts To Live On A Food Stamp Budget: ‘I’m Tired, And It’s Hard To Focus’

Phoenix Mayor Attempts To Live On A Food Stamp Budget: ‘I’m Tired, And It’s Hard To Focus’
By Travis Waldron on Sep 26, 2012 at 5:00 pm

When local activist groups challenged Phoenix Mayor Greg Stanton to live on a food stamp budget for a week to mark Hunger Awareness Month, he took them up on the offer and found out just how hard it was. Stanton kept a diary on the challenge, which allotted him roughly $29 a week, the same amount 1.1 million Arizonans receive from the Supplemental Assistance Nutrition Program (SNAP) each week.

By day four, Stanton noted that he was “tired” and “it’s hard to focus” after leaving the house for work without time to scramble eggs or eat a decent breakfast:

OK- ran out the door today with no time to scramble eggs or even make a sandwich. So I’m surviving on an apple and handful of peanuts, and the coffee I took to the office until dinner. I’m tired, and it’s hard to focus. I can’t go buy a sandwich because that would be cheating- even the dollar menu at Taco Bell is cheating. You can’t use SNAP benefits at any restaurants, fast food or otherwise. I’m facing a long, hungry day and an even longer night getting dinner on the table, which requires making EVERYTHING from scratch on this budget. It’s only for a week, so I’ve got a decent attitude. If I were doing this with no end in sight, I probably wouldn’t be so pleasant.


more:
http://thinkprogress.org/economy/2012/09/26/917651/phoenix-mayor-attempts-to-live-on-a-food-stamp-budget-im-tired-and-its-hard-to-focus/

Guess Who: "Frankly at this EARLY stage, polls go up, polls go down."

Extra Bonus Quote of the Day
"Frankly at this early stage, polls go up, polls go down."

http://abcnews.go.com/blogs/politics/2012/09/mitt-romney-pleased-with-some-polls-less-so-with-other-polls/

-- Mitt Romney, quoted by ABC News, apparently not aware the election is 41 days away.

https://twitter.com/intent/follow?original_referer=http%3A%2F%2Fpoliticalwire.com%2Farchives%2F2012%2F09%2F26%2Fextra_bonus_quote_of_the_day.html%3Futm_source%3Dfeedburner%26utm_medium%3Dfeed%26utm_campaign%3DFeed%253A%2BPoliticalWire%2B%2528Political%2BWire%2529®ion=follow_link&screen_name=politicalwire&source=followbutton&variant=2.0

Ryan to Ohio Woman Re Welfare: "Teach a man to fish & you feed him for a lifetime. Don't feed fish."



On Wednesday, in Ohio, Paul Ryan, the zombie-eyed granny-starver from space, in the middle of a rote answer to a woman who was talking about being on welfare, an answer that was just inches from actually being human, said this:

"Teach a man to fish, and you feed him for a lifetime. Don't feed fish."
Brilliant young thinker, that one.


Read more: http://www.esquire.com/blogs/politics/paul-ryan-fish-quote-13101770#ixzz27cTYFmpk
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