woodguru

So called self professed patriots support things that are the most unamerican things imaginable, examples are in our faces every day...but how about this. We had a p**********l candidate, Romney, that not only made hundreds of millions of dollars guiding corporations into how to make the most money from the government in subsidies and tax credits and breaks...he was involved in a company closing down US manufacturing and laying off 5000 workers at Christmas time the year of the e******n.

I was most appalled that it didn't seem to mean a thing to republicans that will v**e for whoever or wh**ever is running that their guy running to be president saw nothing wrong with closing manufacturing plants and sending millions of good paying jobs overseas.

Patriotism...it's a word that has no meaning for right wing trump supporting "alt patriots"

America 1 Loc: South Miami

Your claim is rated BS.
The Marion plant’s purchase and closure was part of a larger investment in paper products manufacturing that earned Bain and its investors over $100 million. It’s a sad tale for Marion workers: Their plant was sold. They lost their jobs, had to reapply to make less, and went on strike. Ultimately Bain closed the plant.
But shutting down the plant didn’t make Romney $100 million. That was the profit made by Bain and its investors, only some of which would have been earned by Romney. And it was earned for the entire Ampad investment — not as a result of closing a single manufacturing site.

We rate the ad’s claim as Mostly False.
https://www.politifact.com/factchecks/2012/nov/05/priorities-usa-action/ad-claims-mitt-romney-made-over-hundred-million-do/

The document says that Romney is “a passive, limited partner [with] no management capacity” in many of these funds, and so it appears he certainly profited from the KB Toys t***saction. But the controversial payout took place in 2002 after he formally left Bain.

In the Massachusetts document, Romney is also listed as 100 percent owner of “Bain Capital Inc.” But there is less than meets the eye here. Bain Capital Inc. was the management firm, which was paid a management fee to run the funds and actually made virtually no profit since it existed to pay salaries and expenses. After Romney formally left Bain in 2001, a new entity called “Bain Capital LLC” took over the management function.

By virtually all accounts, Romney was focused on Olympics in the 1999-2002 period. Yet because Romney had not legally separated from Bain, his name is littered across Securities and Exchange Commission filings concerning Bain Capital deals during this period. The crazy quilt of private-equity structures, in some ways, makes his ownership appear even more ominous, as the filings list hundreds of thousands of shares controlled by Romney.
Even so, it is a real stretch to claim that Romney — himself! — “closed” these stores. No evidence has emerged that he was involved in the KB Toys t***saction. Indeed, when creditors sued over the dividend payment, they named six Bain-controlled entities and three Bain executives who had served on the board of KB Holdings.
Given that the plaintiffs’ lawyers will try to list as many possible defendants to try to force a settlement, one can be certain Romney would have been named if there had been any hint of his involvement. But he was not named, despite the SEC filings suggesting his control of the shares.
In other words, creditors apparently had determined Romney was only a passive investor.

While the creditors made many allegations about Bain’s behavior, the lawsuit appears to have been settled very quietly with no press attention.
Ironically, the man who led the creditors’ case was Norman Eisen, now President Obama’s ambassador to the Czech Republic.

The Pinocchio Test
Two wrongs don’t make a right. Just because Romney exaggerated claims about job creation does not mean that the Obama campaign can tag him with store closings in which he appears to have played no role. The financial filings suggesting Romney still had some measure of control at Bain from 1999-2001 gives the Obama campaign opportunities to raise doubts, but the fact that Romney was not named in the KB Toys suit is an important factor in our ruling.
Three Pinocchios
https://www.washingtonpost.com/blogs/fact-checker/post/the-obama-campaigns-suspect-claim-about-romneys-role-in-store-closings/2012/01/17/gIQA6wey6P_blog.html

Wolf counselor Loc: Heart of Texas

LogicallyRight Loc: Chicago

I looked at Romney and looked at the opposition. Simple choice. Romney

Ronald Hatt Loc: Lansing, Mich

Who says Romney is a Republican?

Aren't you listening? Better wise up....Skippy....Republican he ain't!

You should know better! { get a life}

hbmac10

There are no right or left patriots when i comes to business. Companies are in it to make a profit. If the government has increased the cost to do business by over regulation,higher corporate taxes and increased labor cost you can bet those companies will look to other places to run their business from.

Who is it that gives companies tax breaks and subsidies, answer federal,state and local governments. It is called crony capitalism or picking winners and losers. It is not patriotism for sure, but it is a form of f*****m.