Romney : a true turnaround specialist

[mogulgangi]

Romney started Bain Capital, a private equity firm, from his own hard work and started or turned around companies such as Staples, Sports Authority, Burlington Coat Factory, AMC Entertainment, Toys R Us, Warner Music, Dominos Pizza, and hundreds of others. His investors saw an average annual rate of return of 113%. The 2002 Winter Olympics were $379 Million in debt when he took over and he turned the games around and ended up erasing all of the debt and making $100 Million profit. As Governor of Massachusetts unemployment was 6.3% when he took office and 4.6% when he left. Mitt Romney is one of the most successful individuals in venture capital and private equity..

[Fury]

But Obama has handed billions of dollars to his cronies so they can build cars in Finland and stuff.

FOUR MORE YEARS!

[Vince G, CSN MFT]

Romney started Bain Capital, a private equity firm, from his own hard work and started or turned around companies such as Staples, Sports Authority, Burlington Coat Factory, AMC Entertainment, Toys R Us, Warner Music, Dominos Pizza, and hundreds of others. His investors saw an average annual rate of return of 113%. The 2002 Winter Olympics were $379 Million in debt when he took over and he turned the games around and ended up erasing all of the debt and making $100 Million profit. As Governor of Massachusetts unemployment was 6.3% when he took office and 4.6% when he left. Mitt Romney is one of the most successful individuals in venture capital and private equity..

Guess you haven't seen this

[mogulgangi]

Guess you haven't seen this

Vince, I don't understand your point.. understand one thing, I work for Goldman Sachs so the top finace and business men are around me..guys like mitt Romney, who are in private equity..they are turnaround artists..goldman sachs would go to him 20 years ago and invest money on his name for the sake of a profit.for companies like Goldman to put money in private enterprise is unheard off....that's their expertise and will do what ever it takes to make a return for their clients..and to be an expert in that field, you have to be one savy businessman..mitt Romney is in the hall of fame of venture capital and private equity..what he has accomplished under his name is un heard off and is in the likes of the best of the best in Wall Street..you cant judge based n that video, that what someone with a peanut brain would do.gov funding maybe have been an intelligent way of funding at the times...a smart business man will make money which ever way..I guarantee you he had no gov help when he built dominos, staples, FedEx, amc theater..ect...but you can't get this past your head because he's white and Obama is black

[tonymctones]

1. No one with a brain doubts Romney's business acumen. The thing is, he is a candidate for the presidency and not another CEO position, rendering such acumen of questionable importance. If it were of the essence -- or even just moderately helpful -- we might expect more business leaders as presidents.

2. In what capacity do you work for Goldman? Are you around the "finace" experts simply because they have to walk by your desk as you enter the building?

actually business experience is extremely beneficial to a president.

the country is structured very much like a business it has goals, revenues, costs and expenses etc. It has shareholders(citizens) and must meet its goals given its constraints.

For a person to have prior experience with planning, budgeting and managing a business would be highly advantageous for a president.

perhaps the issue is we havent had enough presidents with business experience.

[Soul Crusher]

1. No one with a brain doubts Romney's business acumen. The thing is, he is a candidate for the presidency and not another CEO position, rendering such acumen of questionable importance. If it were of the essence -- or even just moderately helpful -- we might expect more business leaders as presidents.

2. In what capacity do you work for Goldman? Are you around the "finace" experts simply because they have to walk by your desk as you enter the building?

Considering obama has had ZERO experience in business before presidency and has done a horrible job, its time for a change 

[240 is Back]

Considering obama has had ZERO experience in business before presidency and has done a horrible job, its time for a change 

he also had zero experience as a microbiologist.  Doesn't mean we need a microbiologist.

What we need is a highly successful governor.  In a perfect world, Jeb/TPaw would be the best state managers, which would translate to best national managers.   Governor is the one job that is most like being president - picking and choosing which companies to take over isn't nearly as similar. 

That being said, romney will do a fine job.  really, any of the people at the debates probably would have been fine.  some would have been more embarassing than others at time, but these presidents do what their teams tell them to do.  Anyone who thinks a rogue president would be allowed to make some major decision without input of dozens of people creating the options for him is nuts.

[tonymctones]

he also had zero experience as a microbiologist.  Doesn't mean we need a microbiologist.

What we need is a highly successful governor.  In a perfect world, Jeb/TPaw would be the best state managers, which would translate to best national managers.   Governor is the one job that is most like being president - picking and choosing which companies to take over isn't nearly as similar. 

That being said, romney will do a fine job.  really, any of the people at the debates probably would have been fine.  some would have been more embarassing than others at time, but these presidents do what their teams tell them to do.  Anyone who thinks a rogue president would be allowed to make some major decision without input of dozens of people creating the options for him is nuts.

Id say alot of the economic tragedies obama has passed would be considered major decisions, are you saying that they were cleared by the dozens of ppl in the shadow govt youve cooked up?

[240 is Back]

Id say alot of the economic tragedies obama has passed would be considered major decisions, are you saying that they were cleared by the dozens of ppl in the shadow govt youve cooked up?

WTF are you talking about?  Every president has advisers in every area of govt - people with decades of experience in this industry or area that give him the options and advise what path to take.  "secretary".  you may have heard of them.  The president doesn't get out of bed and say "I feel like bombing somebody" and spinning the globe.  He is presented with situations by his nat'l security team (or whatever dept) and he is presented with options, and they advise what they feel is the best step.

I think you're just arguing to argue lol, which is okay, I do it every day here.

And YES - the 'economic tragedies' were cleared by his advisers - cause while they were terrible in long-term debt, they sure did shore up his political goals - not too many people enjoying welfare will vote for Romney, ya know?  A food stamp recipient is a guarantted obama vote.  So yes, his terrible economic decisions were presented - he didn't just write the mother fookers on his own, dog.

[tonymctones]

WTF are you talking about?  Every president has advisers in every area of govt - people with decades of experience in this industry or area that give him the options and advise what path to take.  "secretary".  you may have heard of them.  The president doesn't get out of bed and say "I feel like bombing somebody" and spinning the globe.  He is presented with situations by his nat'l security team (or whatever dept) and he is presented with options, and they advise what they feel is the best step.

I think you're just arguing to argue lol, which is okay, I do it every day here.

And YES - the 'economic tragedies' were cleared by his advisers - cause while they were terrible in long-term debt, they sure did shore up his political goals - not too many people enjoying welfare will vote for Romney, ya know?  A food stamp recipient is a guarantted obama vote.  So yes, his terrible economic decisions were presented - he didn't just write the mother fookers on his own, dog.

so if the sorry excuse for a president we have now was able to get his shit passed. What makes you think the slightly less sorry excuse for a president that romney would be wouldnt?

[240 is Back]

so if the sorry excuse for a president we have now was able to get his shit passed. What makes you think the slightly less sorry excuse for a president that romney would be wouldnt?

both president obama and president obama will have advisers that will write up options and advise him on which to pick.

Obama hasn't passed shit since the congress went to the repubs.  Senate will probably stay with dems, so it's up to exec order to get anything done.  Unless romney caves to the libs, which he has a great track record of doing.  he compromised and did a lot of shit in mass that current repubs would hate - such as socialized medicine and assault weapons ban, one of the strictest in the nation's history. 

[tonymctones]

both president obama and president obama will have advisers that will write up options and advise him on which to pick.

Obama hasn't passed shit since the congress went to the repubs.  Senate will probably stay with dems, so it's up to exec order to get anything done.  Unless romney caves to the libs, which he has a great track record of doing.  he compromised and did a lot of shit in mass that current repubs would hate - such as socialized medicine and assault weapons ban, one of the strictest in the nation's history. 

none of this has anything to do with your original idiocy, have you been drinking tonight?

[240 is Back]

none of this has anything to do with your original idiocy, have you been drinking tonight?

no sir.  just a few oreo double stuft cookies and some vitamin water. 

[tonymctones]

no sir.  just a few oreo double stuft cookies and some vitamin water. 

love me some oreos...

what is vidro?

[240 is Back]

love me some oreos...

what is vidro?

I think it's a foreign picture.  i didn't know what the other trash receptacles stand for.

[syntaxmachine]

actually business experience is extremely beneficial to a president.

I think the sample size of presidents with business experience is too small to derive any definite claims about how useful such experience is liable to be for a future president.

the country is structured very much like a business it has goals, revenues, costs and expenses etc. It has shareholders(citizens) and must meet its goals given its constraints.

One potential weakness with this analogy is that the actual powers available to a CEO and president are rather different. Presidents are constrained by public opinion, a polarized political class, a bottom-feeding media that is incentivized to warp reality, a huge bureaucracy of mindless government worker drones and factions with their own agendas, unlimited independent spending on the part of outside groups (after Citizens United) trying to influence government, and the million events that affect our world empire each day.

A president has a very limited toolkit to bend all of this to his will. Even though S.C. rulings have expanded presidential power, I think the Constitutional legacy of a weak executive is still with us to this day. A man with business experience can't change this fact; this fact will change him.

perhaps the issue is we havent had enough presidents with business experience.

Possibly!

[tonymctones]

I think the sample size of presidents with business experience is too small to derive any definite claims about how useful such experience is liable to be for a future president.

One potential weakness with this analogy is that the actual powers available to a CEO and president are rather different. Presidents are constrained by public opinion, a polarized political class, a bottom-feeding media that is incentivized to warp reality, a huge bureaucracy of mindless government worker drones and factions with their own agendas, unlimited independent spending on the part of outside groups (after Citizens United) trying to influence government, and the million events that affect our world empire each day.

A president has a very limited toolkit to bend all of this to his will. Even though S.C. rulings have expanded presidential power, I think the Constitutional legacy of a weak executive is still with us to this day. A man with business experience can't change this fact; this fact will change him.

Possibly!

Ill give you that a president is constrained by congress but the rest really doesnt matter as far as getting his agenda passed.

Even if restrained by congress it would be greatly beneficial for a person to have business experience to know what needs to be done and more importantly what needs to not be done even if he cant act alone.

A person who is business saavy doesnt do half the retarded shit obama has done in the past 4 years.

sorry obama is a prime example of why business experience is a good thing

[whork]

Ill give you that a president is constrained by congress but the rest really doesnt matter as far as getting his agenda passed.

Even if restrained by congress it would be greatly beneficial for a person to have business experience to know what needs to be done and more importantly what needs to not be done even if he cant act alone.

A person who is business saavy doesnt do half the retarded shit obama has done in the past 4 years.

sorry obama is a prime example of why business experience is a good thing

You need to stop watching FOX/Repub news and take them for granted

[tonymctones]

You need to stop watching FOX/Repub news and take them for granted

good one, and what skills do you think a president needs?

[BayGBM]

The qualification Mitt never seems to talk about much during the campaign is his tenure as governor of Massachusetts.  Unlike like Jon Huntsman (under his leadership, Utah was named the best managed state in America by the Pew Center on the States. He won re-election in 2008 with nearly 78% of the vote and left office with approval ratings over 80%) Romney served one term as governor and he left office deeply unpopular.  He didn’t have a prayer of being reelected.

More to the point, during his single term in office Massachusetts was ranked #47 in job creation.

[Soul Crusher]

The qualification Mitt never seems to talk about much during the campaign is his tenure as governor of Massachusetts.  Unlike like Jon Huntsman (under his leadership, Utah was named the best managed state in America by the Pew Center on the States. He won re-election in 2008 with nearly 78% of the vote and left office with approval ratings over 80%) Romney served one term as governor and he left office deeply unpopular.  He didn’t have a prayer of being reelected.

More to the point, during his single term in office Massachusetts was ranked #47 in job creation.

False - it went from 47 - 28 under his tenure

[BayGBM]

from PolitiFact:

...We used state-level statistics from the Bureau of Labor Statistics, the federal government’s official source of employment data. We used figures for non-farm jobs, seasonally adjusted. And because the Massachusetts governor takes office in early January, we used the data for December of each year as a baseline.

We found that from December 2002 to December 2006, Massachusetts ranked 47th out of 50 states (not including the District of Columbia) in job growth. (We calculated that by using the number of jobs at the beginning and end of the period for each state to determine the percentage change and then ranking the states.) Only Ohio, Louisiana and Michigan fared worse.

So the number is correct.

But does Romney deserve credit for the job situation? This is an issue we've addressed often at PolitiFact with governors from many states. Economists have consistently told us that policies of a governor have a relatively small impact on a state's economy....

I agree that Governors and Presidents have little influence on job creation but if you want to play that game... there it is: 47th.   Ask anyone living in Massachusetts if Romney could have won a second term?  Not a snowball's chance in hell.

[tonymctones]

from PolitiFact:

...We used state-level statistics from the Bureau of Labor Statistics, the federal government’s official source of employment data. We used figures for non-farm jobs, seasonally adjusted. And because the Massachusetts governor takes office in early January, we used the data for December of each year as a baseline.

We found that from December 2002 to December 2006, Massachusetts ranked 47th out of 50 states (not including the District of Columbia) in job growth. (We calculated that by using the number of jobs at the beginning and end of the period for each state to determine the percentage change and then ranking the states.) Only Ohio, Louisiana and Michigan fared worse.

So the number is correct.

But does Romney deserve credit for the job situation? This is an issue we've addressed often at PolitiFact with governors from many states. Economists have consistently told us that policies of a governor have a relatively small impact on a state's economy....

I agree that Governors and Presidents have little influence on job creation but if you want to play that game... there it is: 47th.   Ask anyone living in Massachusetts if Romney could have won a second term?  Not a snowball's chance in hell.

still head and shoulders above obamas record on job creation...

Sorry bayway, obama is horrible for the economy his legislation and ideology are job killers not creators.

[BayGBM]

still head and shoulders above obamas record on job creation...

Sorry bayway, obama is horrible for the economy his legislation and ideology are job killers not creators.

For better or worse, he never would have had a chance at being President if his predecessor didn't run the country off a cliff (9/11, the Iraq war, the prosecution of that  war--Rumseld, Paul Bremmer losing $8 billion in cash etc.--housing, the domestic automobile industry, etc).  It was  perfect storm of utter failure.  Given a choice of continuing the slow climb up the cliff or going back to the policies that got is here I'll vote for Obama.  There was a legitimate choice on the GOP side, but Romney is not it.  I was in Massachusetts when he was governor and no one thought he did a good job by the time he left.  He didn't have a prayer of being reelected.

[tonymctones]

For better or worse, he never would have had a chance at being President if his predecessor didn't run the country off a cliff (9/11, the Iraq war, the prosecution of that  war--Rumseld, Paul Bremmer losing $8 billion in cash etc.--housing, the domestic automobile industry, etc).  It was  perfect storm of utter failure.  Given a choice of continuing the slow climb up the cliff or going back to the policies that got is here I'll vote for Obama.  There was a legitimate choice on the GOP side, but Romney is not it.  I was in Massachusetts when he was governor and no one thought he did a good job by the time he left.  He didn't have a prayer of being reelected.

hahahhaah you should post here a little more bay, then maybe you wouldnt repeat the same tired ass talking points.

what bush policies caused the economic crash?

what policies or romneys that mirror bushes do you think will return us to that low point?

please dont run off now, this will be educational for you I promise.