May 22nd, 2012
08:15 PM ET
11 years ago
Video: Bain Capital 'not a bad company,' Massachusetts gov says
(CNN) - CNN Chief National Correspondent John King speaks with Massachusetts Gov. Deval Patrick about GOP presidential candidate Mitt Romney, Bain Capital, and Bay State politics.
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Wow. Another Dem putting it right in obama's face. That is what happens when you bad mouth capitalism. Socialism doesn't work.
A vulture ins't a "bad" bird. Still, nobody picked the vulture as their state bird.
Capitol Bain may not be a bad company because it does make money for it's investors, but at whose expense.
Bain is among the very leading companies in the industry. They are not doing hostile buyouts, as which the Obama campaign is depicting Bain. And, simply put, Bain's performance under Romney's management was astonishingly good. So, I think it is very hard for President to argue Romney's tenure at Bain. Instead, he should attach other areas, perhaps records as a governor in MA? Romney did superbly well to rescue the Olympic, too. Romney is a flip-flapper and not as likable as President. But, he is very talented for turn-around. If economy were better than it is, I would continue to support President. But, I lost faith in President's capability to handle economy.
I keep saying it that Democrats are hanging on to Bain because they want to distract us from the bad economical situation and bad job situation we are experiencing. Bain is perfect to forget the long unemployment lines, pricey gas and everyone exhausting their savings.
Not bad for investors. They got their money. Not good for the people who needed their jobs. They got screwed.
I don't think any one said that Bain was bad. The activities Mittens and Bain take credit for was making huge amounts of money for their investors, at the expense of the workers and their pensions. Mittens did not care about the lives of workers, and that is not presidential.
Said Mr. 1%.
No one believes Bain is a bad company, just stop using your previous "business" acumen as a reason to be President of all the people.
The business experience is about making a profit for you shareholders, and screw those that get in the way of that goal.
Not a desirable "accomplishment" in a President, when you must then deal with the folks that got in the way, and cutting unemployment benefits or vouchers to Medicare or food stamps, is not the way a compassionate person or a President deals with the "cast-offs".
Actually, why are you NOT running on former governor experience as a way to "create jobs"??
Oops, MA was 47th in job creation under your tenure as governor, never mind, I think I answered my own question.
OK, what about your plans to replace Obamacare?
Silly me.
No one said BAIN was a bad company – If their main purpose was to make millions for the top half and get rid of the bottom half, then so be it – BUT, R-Money should not run around talking about he created over 100,000 jobs!!! He is the "Job Creator" – he knows how to "turn the economy around." If that was the case, then what happened when he was governor – how many jobs did he create..............NONE ... you know why – because he couldn't make MILLIONS doing so!!
Dang – Wake up America – we are getting there and that is the ONLY reason why the Republicans are so "DESPERATE" to take over – even if it takes LYING and FLIP-FLOPPING... They want the CREDIT for what President Obama started because they know “everything” is going to get even BETTER!!!
Obama 2012 – The Only Trusted Way Forward!!!
Did Romney honestly think that he could get away with lying about his record as a job creator? Did he actually believe that his record at Bain Capital and in Massachusetts as governor would not be broken down and placed under a dissecting microscope for a detailed analysis?
Something Obama does not want you to know. Its called a record of success by Bain Capital, don't believe it Google it,
Sealy Corp was sold to Bain Capital in 1997.[1] Sealy Corp reported in 1997 the following
5,456 employees
$721 million in assets
$11.7 million in net income
In 2003, Sealy's last year with Bain Capital, they reported the following
6,562 employees
$959 million in assets
$18.3 million in net income
Under Bain Capital, Sealy Corp managed to add 1106 new full-time jobs(a 20% increase in its workforce), $238 million in assets, and still report a 56% increase in net income.