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Old 09-23-2012, 06:15 PM  
J Diddy J Diddy is offline
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Anybody watching 60 minutes?

Whole hour of Romney and Obama.
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Old 09-24-2012, 11:51 AM   #31
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Absolutely.
I'm glad to hear it. It just surprises me that you'd come to Mitt's defense like that.
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Old 09-24-2012, 11:59 AM   #32
ChiefaRoo ChiefaRoo is offline
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No, his business model was to prey on weaker companies, saddle them with debt and sale them. How does that translate to a presidency? Besides preying on the poor of course.
You don't understand how venture capitalism works. It's not "Hey we need 30Million because we ran the company into the ground" and the venture cap. guys say "ok" here you go. It's "We need 30Million because we ran the company into the ground" and the Cap guys says "I'm going to take over your board, fire most if not all your Senior execs and cut all the overhead out of the business and if the company still is failing I'm going to sell it off in pieces down to the last out building and acre of land". You're complaining about because the Cap. guys risked their own money to try to turn the bus. around and when it couldn't be turned around they salvaged their investment by selling off the hard assets. Happens all the time in business. Every day all day.
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Old 09-24-2012, 12:01 PM   #33
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Originally Posted by ChiefaRoo View Post
You don't understand how venture capitalism works. It's not "Hey we need 30Million because we ran the company into the ground" and the venture cap. guys say "ok" here you go. It's "We need 30Million because we ran the company into the ground" and the Cap guys says "I'm going to take over your board, fire most if not all your Senior execs and cut all the overhead out of the business and if the company still is failing I'm going to sell it off in pieces down to the last out building and acre of land". You're complaining about because the Cap. guys risked their own money to try to turn the bus. around and when it couldn't be turned around they salvaged their investment by selling off the hard assets. Happens all the time in business. Every day all day.
But it's Evil Chiefaroo, evil I tell you! How dare they try to make a profit! Profit is bad!
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Old 09-24-2012, 12:34 PM   #34
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Originally Posted by jjjayb View Post
But it's Evil Chiefaroo, evil I tell you! How dare they try to make a profit! Profit is bad!
Yeah! Who cares if a few thousand people had their pensions and health benefits stolen from them!
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Old 09-24-2012, 12:35 PM   #35
Garcia Bronco Garcia Bronco is offline
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This is the best Romney has looked in this entire campaign.
Agreed. He actually spoke to me in a way that actually had me considering voting for him.
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Old 09-24-2012, 12:37 PM   #36
Saul Good Saul Good is offline
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Yeah! Who cares if a few thousand people had their pensions and health benefits stolen from them!
What do you think was going to happen when the companies went under on their own?
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Saul 2014
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Old 09-24-2012, 12:40 PM   #37
Garcia Bronco Garcia Bronco is offline
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Yeah! Who cares if a few thousand people had their pensions and health benefits stolen from them!
I can't tell if this is TIC, but WTF....if your sole investment vehicle is your company pension and SS then you're dumber than a bag of hammers.
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Old 09-24-2012, 12:44 PM   #38
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Originally Posted by Saul Badguy View Post
What do you think was going to happen when the companies went under on their own?
You mean after Bain drove it into the ground and then somehow walked away with millions of dollars and left taxpayers holding the bag?
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Old 09-24-2012, 12:45 PM   #39
Saul Good Saul Good is offline
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You mean after Bain drove it into the ground and then somehow walked away with millions of dollars and left taxpayers holding the bag?
I mean if Bain never got involved.
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Old 09-24-2012, 12:46 PM   #40
Garcia Bronco Garcia Bronco is offline
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Yep Saul...a sinking ship is a sinking ship.
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Old 09-24-2012, 01:03 PM   #41
J Diddy J Diddy is offline
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Originally Posted by Garcia Bronco View Post
I can't tell if this is TIC, but WTF....if your sole investment vehicle is your company pension and SS then you're dumber than a bag of hammers.
Some people can't afford much more than that.
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Old 09-24-2012, 01:03 PM   #42
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Originally Posted by Garcia Bronco View Post
I can't tell if this is TIC, but WTF....if your sole investment vehicle is your company pension and SS then you're dumber than a bag of hammers.
Is it okay to steal it if they have other investments besides their pension?
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Old 09-24-2012, 01:06 PM   #43
Garcia Bronco Garcia Bronco is offline
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Some people can't afford much more than that.
Some indeed, but so often when I talk to people out there about their financial literacy they aren't priortizing their objectives properly or they don't have the right objectives to begin with. It's tough, but if life were easy it wouldn't be worth living.
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Old 09-24-2012, 01:07 PM   #44
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Is it okay to steal it if they have other investments besides their pension?
No...but if the company was gonna go teats up anyway, what are we talking about?
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Old 09-24-2012, 01:09 PM   #45
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Originally Posted by Garcia Bronco View Post
No...but if the company was gonna go teats up anyway, what are we talking about?
How do you walk away with a profit from a mess you made, and leave the government to bail out your obligations to your workers?
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