killerzX said:
thismeintiel said:
The attacks aren't going to to a bit of damage in the end. A company got in business to make money? OMG, what a shock.
Let's look at facts. Private equity firms, like Bain, buy companies that are already in financial turmoil, like Staples and CST were, and try to restructure them to start making a profit. Sometimes it works (see Staples) and sometimes it doesn't (GST Steel). To actually suggest these companies just want to buy companies to sell off their assets for a quick profit is just ridiculous and a flat out lie. One only has to look at the fact that Bain kept GST Steel alive for around 8 years or so after it acquired it, 8 years longer those people kept their jobs if Bain didn't acquire them. If Bain just wanted to sell the assets, they would have done it 7-8 years prior.
It's already obvious this attack didn't work, since now they are switching to the "outsourcing attack." Which is going to do nothing, as well, since Obama had no problem with his job Czar moving factories overseas, is cool with using a travel agency that is located in India and China to book trips, and gave plenty of tax money to foreign companies. |
http://youtu.be/ZVdYgU5bsDc
cant figure out how to embed
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http://www.factcheck.org/2012/05/stimulus-money-for-jobs-overseas/
Plenty of stimilus money went to foreign companies. Now some will swear up and down that they only spent it in the US. They don't offer papers to prove it, so you'll just have to take their word for it. And others admit to spending the money in other countries. Look, I have no problem with outsourcing. We send jobs to other countries and other countries send jobs to us. However, it should be done with private money, not the taxpayers money. Not a penny of that stimulus should have gone to foreign companies, for whatever reason. If it was going to help out our economy, it should have stayed in our economy and gone to small, local companies.
Also, here's their take on Romney's outsourcing. http://factcheck.org/2012/06/obamas-outsourcer-overreach/
