Glenn Beck on TBN

[gman]

" now if the businesses is run wisely there will be ample profit to share with the employees."
Do you also believe in the tooth fairy?

The manufacturing plant in Indiana was operating with good profits before Bain Capital came in and basically went out of its way to destroy anything that the previous owner/shareholders had built up.

What's the whole story though? I'm reading an article about one Indiana company that was started by Bain that is still successful and employing five hundred people. Another company bought by Bain was closed and everything was sold, but the closure was preceded by employees balking during negotiations and going on strike. The article doesn't go into more detail.
I'm not real informed on this issue, but I do see that in a sound bite world, Obama will win this one easily. Good or bad, there's more to this story.

[executioner]

" now if the businesses is run wisely there will be ample profit to share with the employees."
Do you also believe in the tooth fairy?

The manufacturing plant in Indiana was operating with good profits before Bain Capital came in and basically went out of its way to destroy anything that the previous owner/shareholders had built up.

What's the whole story though? I'm reading an article about one Indiana company that was started by Bain that is still successful and employing five hundred people. Another company bought by Bain was closed and everything was sold, but the closure was preceded by employees balking during negotiations and going on strike. The article doesn't go into more detail.
I'm not real informed on this issue, but I do see that in a sound bite world, Obama will win this one easily. Good or bad, there's more to this story.

I'm not sure about the whole story just stating what my friend who was a long time employee there was telling me; everything was somewhat successful before Bain came in and took over and the reason they came in was because the company was family owned with about 300 employees, they wanted to sell and Bain came in and 3 years later the compnay is closed. Too me it seems Bain Capital has had more success in starting companies then in coming in and taking one over.

[rexreed]

The venture capital groups do a lot of harm to companies. Cerberus comes to mind, not just for purchasing Chrysler and running it into the ground in just a couple of years, which they did. No Cerberus has this habit of purchasing TV stations, which aren't as profitable as they once were but still make money. They fire all the managers and typically the highest paid employees. (gotta keep that 20% return!!! 19 is too low) Now for those of you that don't see the problem I'll spell it out for you. The more experience you accrue the more you get paid. The more experience you have the better job you do. There is a relationship. When you fire the most experienced, knowledgeable workers and replace them with nincompoops you really start to see a diminished return. You can be the best at what you do after working hard for years and you get cut. Why? So that someone that doesn't even care can get that that minimum 20% return. If the cuts and restaffing don't work how is bean counter gonna get that 20%? Why not cut some more salary, staff, and health and retirement benefits. They keep doing this with every business they purchase, cars, broadcasting, everything.

[executioner]

The venture capital groups do a lot of harm to companies. Cerberus comes to mind, not just for purchasing Chrysler and running it into the ground in just a couple of years, which they did. No Cerberus has this habit of purchasing TV stations, which aren't as profitable as they once were but still make money. They fire all the managers and typically the highest paid employees. (gotta keep that 20% return!!! 19 is too low) Now for those of you that don't see the problem I'll spell it out for you. The more experience you accrue the more you get paid. The more experience you have the better job you do. There is a relationship. When you fire the most experienced, knowledgeable workers and replace them with nincompoops you really start to see a diminished return. You can be the best at what you do after working hard for years and you get cut. Why? So that someone that doesn't even care can get that that minimum 20% return. If the cuts and restaffing don't work how is bean counter gonna get that 20%? Why not cut some more salary, staff, and health and retirement benefits. They keep doing this with every business they purchase, cars, broadcasting, everything.

I think they do more harm than good, and Bain Capital is no exception. Romney has made billions trouncing on the small middle class people that work for small to medium size companies and I have huge reservations about him and what he will do as president, but at this time Obama really is doing alot of harm to our country & Our Constitution and he is slowly turning us into a socialistic society with some Communism mixed in and this has to be stop.

[executioner]

And then the batman movie is released and the bad guy in it is Bane ...Bain ...Bane...Bain ...coincidence?