In response to:

The Broken Promise That Can Beat Obama

Corbett_ Wrote: Apr 04, 2012 11:28 AM
The GOP is going to run Obama vs Obama-lite. There is simply no way they can win in that sort of race. It doesn't matter WHAT promises Obama has broken or how bad the economy is.
RAY USA Wrote: Apr 04, 2012 12:22 PM
So you think that a lifetime government dependent community organizer who believes that this nation is just like any other is the same as a self mad, successful entrepreneur businessman who spent the majority of his life in the private sector and who believes that the United States is the most exceptional nation on earth. There is something wrong with your analysis.
wmou Wrote: Apr 04, 2012 12:51 PM
Can we trust what Romney says? I'm a conservative and I don't, so imagine how moderates and independents will react to him. Romney has a major uphill battle and running as the anti-Obama will not be enough.
Corbett_ Wrote: Apr 04, 2012 2:54 PM
Ray -- the only reason Romney has not spent a lifetime in government is that he was defeated by a Kennedy. And look what he gave Massachusetts when he was governor -- Romneycare and homosexual "marriage". THOSE are his two big "accomplishments".

As for being an entrepreneur, Romney has been the worst type of vulture capitalist. He has taken over healthy American companies and plundered them into bankruptcy -- thus sending more jobs to China.
Snarkasterous1 Wrote: Apr 04, 2012 9:00 PM
Please provide examples of the "healthy companies" that were "plundered."

Those of us who actually understand venture capitalism, and the private equity markets know that those markets exist because they take on risks, and provide support, and create value, in instances where bank funding can't or won't.

The pretense that healthy booming companies are taken over by "vulture capitalists" and dismantled is childish and ignorant. Healthy companies are WORTH MORE as ongoing concerns than as bankrupt entities. Setting aside the utterly unfounded accusation of moral bankruptcy, your position requires one to believe that by DESTROYING value, "vulture captitalists" get rich.


- Snark
Corbett_ Wrote: Apr 04, 2012 10:55 PM
KB Toys was a healthy company. It had survived bankruptcy and was growing. It was one of the most profitable companies in the toy industry. Bain Capital bought the company and took a $100 million one-time dividend that threw the company back into bankruptcy.

Dade Behring was a medical diagnostics company. Again, Bain took over the company & paid itself a $100 million dividend and drove the company into bankruptcy.

What you don't understand is that IMMEDIATE cash in hand is worth more than a healthy company to someone who does not know how to run a company.
Snarkasterous1 Wrote: Apr 06, 2012 12:23 AM

Thanks for your comment.

You do realize, libbie, that Romney wasn't even working for Bain when KB toys went under?

This, no doubt, is inconvenient for your libbie narrative. Unfortunate, that!

- Snark

Editor's note: A version of this column appeared originally in THE DAILY BEAST.

In the last 100 years, every U.S. president who lost his bid for a second term did so because he abandoned his principal promise to the American people. If Republicans can persuade the public that Barack Obama similarly shattered the pledge at the very core of his presidency, they will succeed in denying him the new lease on the White House he insists he deserves.

Four elected chief executives in this century failed in their reelection campaigns—and each of them flopped by landslide margins. For William Howard...