The Sunday news shows always leave us with something to talk about. And thanks to Newark Mayor Cory Booker's appearance on NBC's Meet The Press yesterday, we have a full show tonight. Tune in 10 pm ET.
- Cory Booker walks back criticism of Obama, damage already done
- David Axelrod: Booker was wrong
- Ezra Klein on what Romney should have learned at Bain
- Forbes estimates Mitt Romney's net worth is $230 million
- RNC launches "I Stand With Cory" web petition
- Fox News CEO Roger Ailes says the AP isn't a "neutral news source"
- Romney and Scott Brown play down Massachusetts connection
- More than a third of divorce filings last year contained the word "Facebook."
- Ex-Rutgers student gets 30 days in jail in Tyler Clementi case
Leave a Comment:
Well, we knew Sunday AM when we heard Mayor Cory Booker cite the Obama campaign ad comparing the private equity firm Bain Capital to "vampires" as sickening, (citing that Bain's history is that the large majority of their sick corporation buyouts and workouts were successes), that the Democrat Party Obama campaign people would be getting in touch with him in quick order, reminding him of where the patronage money came from that his City of Newark benefited from. So he's struggling back into line now, while still attempting to maintain his integrity.
Obama's people keep citing a few corporations that went into bankruptcy, but they were small potatoes compared to the 78% that were successfull...and even those few failures had been giving new life for periods of up to 8 years and more during dire conditions such as the recession of 1999 thru 2002 due to the Dot.com bust which sunk the financial markets and the intervening blow of the 9/11 terrorist attacks that sent a fledgling recovery reeling again. Of course, as Romney had left his oversight as a working CEO of Bain in 1999 to provide for supervision and a turnaround and workout of the problems facing the Winter Olympics, and then to run for Senator and Governor (in separate elections) of his home state of Massachusetts it is difficult to see the justification for blaming him for the bankruptcies of 2001 and 2002 (two and three years after his departure) that the Democrat Party operatives designing Obama's reelection campaign want to focus on!
I have owned and operated Chrysler Products (including Jeep) exclusively since 1987, 25 year now. And if you note, Chrysler is right behind Ford Motor Company in successful operations, and did not participate in the Auto CZAR's dictated terms of restructuring that GM had to endure (especially the diluded stock and bond holders); Chrysler is held by a private equity conglomerate, and while they took a federal loan, they have already paid it back in full. Similarly, Ford Motor Company, which is a public corporation, refused the offer to have the federal govenment restucture their company with the government investing in their stock and warrents inorder to control the company as their not so silent partner. Ford Motor Company is, of course, doing the best of the big three automakers, while their stock and bond holders did not have to take the bath that GM's did according to the terms of the AUTO CZAR.
Private Equity....it's investable folks. and believe me, there are many a pension fund, including public union pension investanle funds and educational and medical and non-profit endowments that are invested in private equity firms.
Thing is, Bain would run up the stock, ship jobs overseas, loot the pension plan to enrich its investors then leave a dead shell of a company with no jobs. That's a lot different from private investment equity firms that provide advice for a company to GROW and make money and employ more people. He did nothing but strip wealth from a company for his investors and himself.
Don't like my comment? Well have Mitt produce all the tax returns from when he was at Bain. Let the facts speak for themselves, we can go through a list of companies he worked with and see how well he really did.
Bain Capital had a 78% success rate for their takeovers, restructurings, and workouts during Romney's years as founding force and CEO. You don't know your arse from your elbow on this topic, frank, as the stupidity of ypur belief that Romney's tax returns for twenty five years would have any bearing on the success or failures of his private equity's work to right troubled companies in troubled industries. Your incredibly naive statement that private equity investment companies simply act to "provide advice for a company to grow and make money and employ more people" also shows your pollianic ignorance of how the real world works in the rough and tumble of the capatalist free market system. And your knowledge and understanding of Bain Capital is obviously nonexistant, and simply a regurgitating of the Obama campaign talking points rejected by Newark Mayor Cory Booker, a man of wisdom and integrity, unlike the unsavory Chicago politician Barrack Obama.
Let's face it. Cory Booker screwed up. We love Rachel but she let him"run on" about
his "wonderful programs" but did not focus of WHY he said what he said.
Martin Bashir was is a MUCH better interviewer. He goes for the gusto.
Rachel was offering Corey a way to escape. Love Lawrence and hope he
would have stopped Corey's run-on smokescreen defense.