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yardwork

(61,599 posts)

11. It's not neutral. He's talking about outsourcing and laying off people. Look what happened.

Thu Sep 27, 2012, 10:33 AM

Sep 2012

Look at the history of the companies that Bain bought. They were literally sucked dry and abandoned. Look at the department stores, for instance. Gone.

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NEW ROMNEY VIDEO: In 1985, He Said Bain Would "Harvest" Companies for Profits [View all] kpete Sep 2012 OP

David Corn has been a hero of heroes this campaign hifiguy Sep 2012 #1

Doesn't sound to me like this guy is talking pangaia Sep 2012 #2

if he was harvesting he would need the right tool Enrique Sep 2012 #3

What a grim job reaper. nt valerief Sep 2012 #4

Truly. Shades of Gordon Gecko. He played that role to the hilt. freshwest Sep 2012 #28

Not close enough. Gordon did jail time... JHB Sep 2012 #37

And there were still a few regulators to spank him. Obama had Warren in place, but the GOP freshwest Sep 2012 #38

Dollars are the grain - people and jobs are the chaff aint_no_life_nowhere Sep 2012 #33

Hey, I didn't even eat the salmon mousse. n/t BadgerKid Sep 2012 #43

Bain Capital was founded with the same money that financed death squads in El Salvador Major Nikon Sep 2012 #5

Thank you for this video of harvesting businesses. Wow Warren Buffet acturally buys companies to kathman-duzi Sep 2012 #18

Here comes Bain... FailureToCommunicate Sep 2012 #6

Would you littlemissmartypants Sep 2012 #42

This message was self-deleted by its author bupkus Sep 2012 #7

And the results of his becoming CEO of America would be... freshwest Sep 2012 #31

This message was self-deleted by its author bupkus Sep 2012 #44

"Soilent Green is People, My Friend" corkhead Sep 2012 #8

I wish the term "harvest" was as damning as it initially sounds, but this is the typical meaning in highplainsdem Sep 2012 #9

From that Bloomberg article, an example of how the way a company was acquired set up a disaster highplainsdem Sep 2012 #10

Quite a harvest, um I mean neutral transaction . So the firm was harvested and the investors were kathman-duzi Sep 2012 #19

It's not neutral. He's talking about outsourcing and laying off people. Look what happened. yardwork Sep 2012 #11

Again, that ISN'T what "harvest" necessarily means in private equity. It's a neutral term highplainsdem Sep 2012 #13

I agree. eggplant Sep 2012 #14

eggplant VC business model in the hands of mittens is particularly worrisome and perhaps should be midnight Sep 2012 #32

This message was self-deleted by its author bupkus Sep 2012 #15

I agree that Romney is a vulture capitalist. I hate what Bain did. But I still think that highplainsdem Sep 2012 #17

So Bain could either leave a viable company or a dying hulk MissMarple Sep 2012 #16

They had choices. All too often they made the wrong ones, the amoral ones. highplainsdem Sep 2012 #29

I believe you! Using the harvest definition so broadly allows the vultures and kathman-duzi Sep 2012 #20

Absolutely! n/t kathman-duzi Sep 2012 #22

it's not a neutral term to the average voter n/t grasswire Sep 2012 #30

Probably not, but I think it's too easily explained as a standard term for this to be a bombshell. highplainsdem Sep 2012 #36

Hmmm, Har-vest-ing..... M_M Sep 2012 #12

LOL it was a fun read~! n/t kathman-duzi Sep 2012 #21

In it's simplest form GEOpix Sep 2012 #23

Engulf & Devour AndyTiedye Sep 2012 #24

First he'll harvest your companies, then he'll harvest your organs. Arugula Latte Sep 2012 #25

Is This What Is Happening To That Company In Freeport, Illinois That Bain Has Interest In?......nt global1 Sep 2012 #26

Make no mistake - yes. Yes. Oh, and yes. closeupready Sep 2012 #35

K&R midnight Sep 2012 #27

Right. This is consistent with 'vulture' capitalism - a corruption closeupready Sep 2012 #34

K and R nt.. Stuart G Sep 2012 #39

When you harvest a crop, you mow it down and leave it for dead. reformist2 Sep 2012 #40

Rev. Al just played the Romney 'Harvest' clip on his show Tx4obama Sep 2012 #41

This message was self-deleted by its author bupkus Sep 2012 #45

Great work, David Corn! emulatorloo Sep 2012 #46

Gosh, the only line miissing from that is "Greed is good!" NT maddogesq Sep 2012 #47