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jmowreader

(53,209 posts)

13. Romney also bankrupted a number of businesses

Reply to Yo_Mama_Been_Loggin (Original post)

Mon Mar 4, 2013, 10:09 PM

Mar 2013

This is a serious question that needs to be answered by Republicans: Once Romney started doing leveraged buyouts, is there one company Bain got its hands on that was better off after they were done with it? And don't mention Staples because Staples wasn't an LBO, it was Venture Capital funding.

Romney's method of turning around businesses won't work with Detroit (come to think of it, it doesn't work very well on businesses) for a couple of reasons, chief among them there's nothing to sell and everyone who could possibly be fired already has been.

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Former GOP presidential nominee Mitt Romney candidate for Detroit's emergency financial manager? [View all] Yo_Mama_Been_Loggin Mar 2013 OP

Mr. 'Let them go bankrupt'? AtheistCrusader Mar 2013 #1

The 2016 grooming begins! Coyotl Mar 2013 #38

I don't think..... Crepuscular Mar 2013 #2

That would actually entail WORK. Mitt is lazy as they come. graham4anything Mar 2013 #3

This message was self-deleted by its author SunSeeker Mar 2013 #6

Why do they even want to put an emergency manager in Detroit? Ken Burch Mar 2013 #4

They want to bust the unions 1gobluedem Mar 2013 #29

^^^^ Sadly, that is the point^^^^ etherealtruth Mar 2013 #39

Would he use the Bain model Andy823 Mar 2013 #5

I think the answer to that is pretty much...YES. HereSince1628 Mar 2013 #33

There's not enough left in Detroit for Rmoney to loot Newsjock Mar 2013 #7

He'd take tons and tons of federal $$$ and claim he singlehandedly saved the city TheCowsCameHome Mar 2013 #8

And give himself a $1 billion bonus, crafted as carried interest.n/t denverbill Mar 2013 #32

Of course. TheCowsCameHome Mar 2013 #34

Very scary for Detroit citizens if true DeeDeeNY Mar 2013 #9

Looks like Michigan is the blue print to Iliyah Mar 2013 #10

True.. Bette Mar 2013 #24

I thought we Michiganders voted no on the EM law back in November. muntrv Mar 2013 #11

My understanding is the legislators ignored the voters and reauthorized it. Yo_Mama_Been_Loggin Mar 2013 #16

I think the citizens John2 Mar 2013 #12

Romney also bankrupted a number of businesses jmowreader Mar 2013 #13

one silver lining DonCoquixote Mar 2013 #14

hasn't Detroit suffered enough...... dhill926 Mar 2013 #15

This Atheist is Praying for Divine Intervention Demeter Mar 2013 #17

Detroit Dicktator Octafish Mar 2013 #18

Is there any chance that the Republicans running the state would provide aid? Jim Lane Mar 2013 #19

I'm from Ann Arbor jimlup Mar 2013 #20

I think the city of Detroit John2 Mar 2013 #22

I've been updating my understanding of this a bit and jimlup Mar 2013 #31

Agreed alcibiades_mystery Mar 2013 #36

which parts will he sell off before he abandons the citizens of Detroit. olddad56 Mar 2013 #21

Just when I thought it couldn't possibly get any worse. Fire Walk With Me Mar 2013 #23

This city needs more car elevators! tanyev Mar 2013 #25

This isn't latest breaking news. This is just speculative bs still_one Mar 2013 #26

repuke vichy Detroit. nt Javaman Mar 2013 #27

A great city sucked dry deancr Mar 2013 #28

At least the trees are the right height KamaAina Mar 2013 #30

Can they really send Detroit to China? 4bucksagallon Mar 2013 #35

Michigan is already one big fascist sinkhole or stinkhole magic59 Mar 2013 #37

I think there is more democracy in China than in Michigan. Maineman Mar 2013 #40

Romney said: Let Detroit go Banmrupt! He ran away from the problem. Maybe he cld redeem self. CarmanK Mar 2013 #41