Mitt Romney’s Private-Sector Experience Wasn’t About Creating Jobs

Mitt Romney’s private sector experience.

Before the first debate on October 3rd,  get the facts about Romney’s business record. When Romney mentions his private-sector experience remember:  it wasn’t about creating jobs.

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A Native Texan who adores baby kittens, loves horses, rodeos, pomegranates, & collect Eagles. Enjoys politics, games shows, & dancing to all types of music. Loves discussing and learning about different cultures. A Phi Theta Kappa lifetime member with a passion for Social & Civil Justice.
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16 Responses to Mitt Romney’s Private-Sector Experience Wasn’t About Creating Jobs

  1. rikyrah says:

    Mitt Romney’s Real Agenda

    If you want to understand Romney’s game plan, just look at what Republicans have been doing in Congress

    By Tim Dickinson

    September 28, 2012 10:30 AM ET

    It was tempting to dismiss Mitt Romney’s hard-right turn during the GOP primaries as calculated pandering. In the general election – as one of his top advisers famously suggested – Romney would simply shake the old Etch A Sketch and recast himself as the centrist who governed Massachusetts. But with the selection of vice-presidential nominee Paul Ryan, the shape-shifting Romney has locked into focus – cementing himself as the frontman for the far-right partisans responsible for Washington’s gridlock.

    There is no longer any ambiguity about the path that Romney would pursue as president, because it’s the same trajectory charted by Ryan, the architect of the House GOP’s reactionary agenda since the party’s takeover in 2010. “Picking Ryan as vice president outlines the future of the next four or eight years of a Romney administration,” GOP power broker Grover Norquist exulted in August. “Ryan has outlined a plan that has support in the Republican House and Senate. You have a real sense of where Romney’s going.” In fact, Norquist told party activists back in February, the true direction of the GOP is being mapped out by congressional hardliners. All the Republicans need to realize their vision, he said, is a president “with enough working digits to handle a pen.”

    The GOP legislation awaiting Romney’s signature isn’t simply a return to the era of George W. Bush. From abortion rights and gun laws to tax giveaways and energy policy, it’s far worse. Measures that have already sailed through the Republican House would roll back clean-air protections, gut both Medicare and Medicaid, lavish trillions in tax cuts on billionaires while raising taxes on the poor, and slash everything from college aid to veteran benefits. In fact, the tenets of Ryan Republicanism are so extreme that they even offend the pioneers of trickle-down economics. “Ryan takes out the ax and goes after programs for the poor – which is the last thing you ought to cut,” says David Stockman, who served as Ronald Reagan’s budget director. “It’s ideology run amok.”

    And Romney has now adopted every letter of the Ryan agenda. Take it from Ed Gillespie, senior adviser to the campaign: “If the Ryan budget had come to his desk as president,” Gillespie said of Romney, “he would have signed it, of course.”

    A look at the bills that Republicans have passed since they took control of the House in 2010 offers a clear blueprint of the agenda that a Romney administration would be primed to establish:

    Read more:

  2. Mitt Romney: Not a Job Creator

  3. rikyrah says:

    this thread is BLAZING!!!

    thank you

  4. Ametia says:

    Mitt Romney has based his candidacy for the presidency on his experience as a corporate buyout specialist. “I know how business works. I know why jobs come and why they go.” But a closer look at Romney’s business record reveals a pattern of job loss, bankruptcies, and outsourcing—a kind of economics that Americans just can’t afford.

    Ahead of the first presidential debate, here are ten facts you should know about Romney’s tenure at Bain Capital.

    Romney was not in the business of creating jobs: As a corporate buyout specialist, Romney and his partners made millions for investors mostly by buying and selling existing businesses, as opposed to helping create new ones. As Romney’s own colleague said, “I never thought of what I do for a living as job creation … The primary goal of private equity is to create wealth for your investors.”

    Learn more about Romney’s model of business here.

  5. Ametia says:

    Romney and his investors still made money, even when companies ended up bankrupt:“Bain structured deals so that it was difficult for the firm and its executives to ever really lose,” even if companies took on more and more debt and eventually went bankrupt. Romney and his investors made $400 million from four companies that went bankrupt.

    Learn more about how Romney still made out with millions while leaving companies decimated:

    • Ametia says:

      Romney loaded companies up with debt, driving several into bankruptcy: Using what’s called a “leveraged buyout,” Romney and his investors would take control of a business, paying only a fraction of the total price. The rest would be paid for by loading the company up with debt that it would be responsible for paying back. Sometimes his firm would keep loading on debt to have the company buy other companies or would use the borrowed money to pay out a “dividend” to themselves—ultimately piling on enough debt to drive the company into bankruptcy.

      Click here to learn how Romney’s business practices left the company GST Steel in ruins:

  6. Ametia says:

    Romney will bring his corporate buyout experience to the White House: Mitt Romney and his partners played by their own set of rules, and practiced a model that was profitable for wealthy investors, no matter the cost to local communities. This is the experience that Mitt Romney now cites as his qualification to be president, and the economic philosophy he would bring to the entire country.

    Take a look at what Romney is really selling the country:

  7. Ametia says:

    Romney was responsible for the decisions that left companies bankrupt and workers without jobs: Romney wants Americans to believe that he is not responsible for the consequences of his business decisions, claiming that he “retroactively retired” from Bain Capital before workers lost their jobs and companies went bankrupt. But as the Chairman, CEO, and sole shareholder, Romney can’t hide the fact that his decisions cost so many Americans their livelihoods.

    See how the facts clearly show that Romney is responsible for the consequences of his decisions:

  8. Ametia says:

    Workers lost their jobs thanks to Romney’s business practices: Thousands of middle-class workers were laid off by companies that Romney’s firm invested in and controlled. Dade Behring, a medical supplies company that Bain loaded with debt, went into bankruptcy and nearly 3,000 workers lost their jobs.

    Listen to Cindy explain what Romney’s business policies actually meant for middle-class workers;

  9. rikyrah says:

    it was NEVER about creating jobs. It was always about filling Willard’s BANK ACCOUNT. AND, he didn’t give a rat’s ass how many people’s lives he destroyed in order to fill his accounts.

  10. When Mitt Romney Came To Town

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