General Motors & Bain Capital

General Motors Company , commonly known as GM, formerly incorporated (until 2009) as General Motors Corporation, is an American multinational automotive corporation headquartered in Detroit, Michigan and the world's largest automaker, by vehicle unit sales, in 2011. Bain Capital is a Boston-headquartered alternative asset management and financial services company that specializes in private equity, venture capital, credit and public market investments. 5.0/5

General Motors Bain Capital Mitt Romney President Obama General Electric Barack Obama Willard Romney President Barack Obama Chevy Volt David Axelrod Economic Policy Bloomberg Businessweek Dean Baker United States Washington Post North America Matt Miller

In 2000, a financially struggling plastics company that supplied car parts received emergency funding from auto manufacturers General Motors and Ford Co. The plastics company was owned by Bain Capital, the firm co-founded by Mitt Romney. In other words, Romney, who has written against auto industry ...
“…it was Republican policies during the Bush administration that brought on the sickness and Republicans in Congress who have denied the economy an adequate dosage of the cure. Now they want to implicitly blame President Obama for causing the recession and the failure of stimulus to fix the problem, asserting that fiscal stimulus is per se ineffective. Apart from racism, the one thing in Romney’s favor is the state of the economy. But the entirety of his case for how he would turn things around is his libertarian shibboleth that “Washington has become an impediment to growth,” though experience shows the opposite is true. In the midst of the 2008 crash, Senator Obama supported the bailouts of the banks and General Motors. Romney, who had benefited from the bailout of Bain Capital in 1990, opposed the rescue of GM, a wildly successful government action which saved 1.45 million jobs. As the new president, Obama quickly signed The American Recovery and Reinvestment Act - a stimulus bill that extend ...
General Motors. An American Company employing American workers. President Obama stood with the company and workers, Bain Capital vulture capitalist Mitt the Stiff Romney would have disbanded the company and tens of thousands of workers would be on the streets, jobless. Undoubtly he would have outsourced these jobs to China who the double talking *** also portrays as our enemy. Which one will it be flip-flop, don't stop, to the bang bang boogie, Robme (Romney).
Online Staff Report FREEPORT, Ill. — French Samsonite workers who were laid off and robbed of their severance pay by Bain Capital will join Freeport
General Motors Is Alive Oct 9, 2012 | By ThinkProgress War Room The Rescue of the Auto Industry — By the Numbers At the height of the financial crisis, some people, including Mitt Romney, said we should “let Detroit go bankrupt.” And Bain Capital was one of the many private investors that refused to invest in the auto industry when it stood on the brink of collapse. Fortunately, President Obama saved the U.S. auto industry and now it’s roaring back. For example, just today we learned that General Motors is adding another 2,000 jobs in Michigan. These jobs are coming to Michigan as part of larger effort to insource thousands of jobs at the world’s largest automaker. And this is just the tip of the iceberg. Here’s a look at the auto rescue — by the numbers. •More than 1 million: Jobs saved by the auto rescue. •$85 billion: Total spent by the U.S. government on the auto rescue. •$60 billion: Amount the government will likely recover. •$7.2 billion: Savings to taxpayers from reduced unem ...
An Obama campaign ad attacks Bain Capital & Mitt Romney for outsourcing jobs by investing in ONE Chinese company named Global Tech. But who is the real outsourcer of U.S. Jobs ??? Look no further than Barack Obama and the Auto Industry he boasts of saving. We need to look no further than General Motors’ own figures to learn that GM OUTSOURCES ALMOST TWO-THIRDS of its jobs overseas. LESS THAN ONE IN FIVE GM vehicles are manufactured in the United States. To be exact: GM’s December 31, 2011 annual report shows General Motors of North America accounting for 98,000 of the 207,000 GM jobs worldwide. But 12,000 of these jobs are in Canada and 11,500 are in Mexico. Accordingly, GM has 74,500 jobs in the United States and 122,500 abroad, even after Obama’s touted surge in Detroit jobs. Almost two thirds of GM’s jobs are in other countries. GM’s outsourcing is not a slip. GM clearly states that foreign investment and outsourcing of jobs are an integral parts of its growth strategy. If Romney & Bain ...
(sorry, kids, we’ll have to wait until next time to hear Obama explain why he lied to the Nation and the world about the murders of four Americans in Libya), Obama will make a number of ridiculous claims that prove only that the best prevaricators really believe their lines. • He’ll claim he’s a “job creator.” Nothing says “friend of the working man” like a record-breaking stretch of unemployment numbers on the north side of 8 percent (with real unemployment well into the double figures). He’ll also attack Romney and Bain Capital while carefully ignoring the fact that Bain saved hundreds of thousands of jobs by rescuing ailing corporations, including Obama’s own beloved Baskin-Robbins. • He’ll claim to have “rescued” the American auto industry. As I was driving the other day, I passed by the vacant lot that used to house the local Cadillac dealership. I remember thinking “Good thing Obama saved… er… someone.” So what if the government takeover of General Motors became a ...
Governor Romney has criticized China for their currency manipulation which effectively amounts to a tariff on US goods, and has stated that he will take retaliatory measures. That's fine but he has yet to tell us what specifically he plans to do. Furthermore, as Dean Baker, a US macroeconomist and co-founder of the Center for Economic Policy, has pointed out in his blog, Gov. Romney has not mentioned how he plans to overcome what will most surely be strong objections by US companies who are currently benefitting from Chinese policies due to their extensive holdings in China. These companies include Bain Capital, one of the first to outsource jobs to China, General Electric, Apple, and General Motors. Added to this, Mr. Baker reports that currency manipulation is lower on the list of US demands behind patent enforcement and copyright protection, issues dear to Pfizer, Merck, Disney and Time-Warner. If currency manipulation is raised in priority, something else must take its place lower on the list. Mr. ...
A quote and then some comments from the October 2 issue of the New Yorker Magazine article on Mitt Romney: "Bain Capital did many dozens of deals under Romney. One of them involved a carpet company in Carlisle, Pennsylvania, called Masland, which had been owned and operated by one family for four generations. It went public in the nineteen-sixties. In 1986, it was acquired in a hostile takeover by Burlington Industries. The next year, Burlington itself came under attack from a corporate raider, and it arranged a leveraged buyout with Morgan Stanley. Desperate for cash, it put Masland up for sale. Bain Capital bought the company, which by that time was largely selling interior components to the auto business. Before making the deal, Romney flew to Detroit with the C.E.O. of the company, Bill Branch, and met with Masland's biggest customer, Ford, to make sure that it would stay on board after the deal. Then Romney helped the company acquire another interior-components supplier, in Wisconsin, which had Gener ...
You know which company probably could have benefited from Bain Capital's services? General Motors.
Barack Obama invested BILLIONS of OUR dollars to bail out General Motors. They are producing the Chevy Volt at a loss of about $40,000 per CAR. Mitt Romney created Bain Capital with his blood, sweat and tears. Bain Companies helped create hundreds of thousands of jobs. Almost every big Pension fund (including labor unions, teachers unions, State Employee unions, and city workers) invests hundreds of MILLIONS in Bain . Why? Because Mitt's associations are successful. Where do you want to invest your children's future?
Bob Hicks wrote: You might be a Liberal if you think Bain Capital closing unsustainable companies was evil, but Obama's General Motors closing 2200 Dealerships was not.
Remember that Romney is an investor/financier, not an entrepeneur. His record at Bain Capital, according to the Wall Street Journal, has a failure rate double the national average during his rein: "22% either filed for bankruptcy reorganization or closed their doors by the end of the eighth year after Bain first invested" See this link to WSJ: certainly needs financiers, but don't confuse the two. His first impulse was to let General Motors and Chrysler go bankrupt at a time when there was no investor money available to reorganize operations of that size - even Bain Capital refused to invest in a reorganization of our auto industry (which is doing quite well now). As an investor/financier Warren Buffet has been roughly 200 times more successful than Willard Romney, and doesn't claim to be the creator of jobs the way Romney does. Willard's actual job creation as Massachucetts governor was in the lower 10% of the nation during his tenure. I had high hopes for Willard till I saw how he's run his campaign fro ...
While the Obamites keep pressing about Bain Capital's clients "outsourcing" jobs, they do ignore General Electric's closing of its research center in Waukesha, WI, with the loss of several hundred jos; GE is moving it all to China. GE Aviation Division also has substantial manufacturing plants in Mexico. All this while Jefrey Immelt, the GE CEO is Obama's "Jobs Czar", tasked with increasing employment. Someone needs to tell Immelt the jobs are supposed to be in the USA. And since the $80 billion taxpayer bail out, General Motors is increasing its manufacturing in China also. Besides transferring state of the art technical info to the Chinese, GM has eleven joint ventures with the two Chinese auto firms, which are owned and run by the Chinese government. The CEO of GM, Mr. Akers, has stated that 70% of GM's production is outside the USA. The utter hypocrisy of the Obamites in sniping at Mitt Romney about Bain is staggering.
Letter: Jobs exported legally, but workers imported illegally? East Valley Tribune American industry is tarred and feathered for legally “exporting American jobs” to foreign workers while the U.S. Government is praised for supporting the illegal importation of thirty million foreign workers who displace American workers within the USA. Where is the logic in this? When the cost to the American tax-payers is added to provide emergency health care and education for the foreign worker’s families, the comparison becomes even more bizarre. And why is the press silent as Obama’s General Motors now manufactures seventy percent of its cars in foreign countries while Mitt Romney’s Bain Capital is accused of moving just a few thousand jobs overseas? It appears that what is good for the goose is now longer good for the gander in today’s America. Jack Scottsdale
Another plant goes to Communist China, thank you Mr. Romney & Bain Capital. In Freeport, Michigan, there is ( was?) a factory that supplied computers for cars, General Motors being one of their brands supplied. They are being outsourced even as we speak, and Romney is running for President. Of course, Romney will say that he has nothing to do with this outsourcing, but he will reap the rewards through his holdings given him when he "retired" from Bain. The poor employees are being pressured to teach their jobs to the Chinese or risk having their unemployment taken from them. Nice going, Romeny. He is singing "God Bless America" while lining his pockets from trampling our industries. Our industry is what saved us in WWII. If not for them, we would be speaking German. With this *** sending our jobs overseas, we should all invest in a good foreign language program. Romney along with his 17 or so billionaires are still trying to sell our country cheap to the highest bidder and reap the financial re ...
Talk about your "Outsourcer In Chief". Nobody (including Bain Capital) was more of a "pioneer" of outsourcing jobs than Obama's buddies at General Electric and General Motors. And nobody reaped bigger profits from it in the 90's. Even now, they are both setting up operations that will create 1,000's of jobs in China, India and Mexico. These are real, traditional manufacturing jobs. Not some guy answering a customer service hotline. And they are using your money to do it through billions in tax benefits, subsidies, bailouts and stimulus grants. The recent campaign blitz dissing Romney for his work at Bain is just a desperate attempt to foster class warfare and deflect attention from the dismal, pathetic record of a President whose Progressive economic policies are driving our economy over the cliff. Obama can't run on his own record so he's focusing on what Romney did almost 20 years ago. BTW...GE and GM aren't the only ones. 7 out 10 jobs created by stimulus grants to the Wind Turbine industry were outsou ...
DirectTV is owned by General Motors, Rupert Murdoch owns Fox News, G.E. owns NBC, Bain Capital owns ClearChannel, etc, etc, ... looks like our leftest lame stream press is owned and controlled by right wing corporations. Do you think this "leftest press" thing could be a straw dog argument? Hmmm
I pass along a public letter relevant to the current political discourse: 23 May 2012 Editor, Washington Post 1150 15th St., NW Washington, DC 20071 Dear Editor: Matt Miller asserts that "Obama's restructuring of the auto industry displayed, on a much grander scale, precisely the kind of tough-minded business calls Romney says are private equity's specialty. Obama fired management, shed workers, slashed costs, revamped operations, restructured the balance sheet and fashioned new strategies. When the dust cleared, Obama had positioned General Motors and Chrysler to move forward as viable firms" ("Barack Obama, private equity king," May 23). Ludicrous. Unlike any actions that could be taken by Bain Capital and other private-sector investors, Pres. Obama - arbitrarily suspended established bankruptcy procedures; - flipped the priority of creditors so that secured creditors were forced to accept fewer cents on the dollar than were received by lower-priority (but politically more useful) creditors; - stake ...
Obama's Public-Equity Record The auto bailout makes Bain Capital look like an amateur on job losses and outsourcing. By KARL ROVE President Barack Obama's re-election organization is spending a lot of time attacking Mitt Romney over his careers in venture capital (investing in start-ups) and private equity (investing in troubled or failing businesses). To reporters at Bloomberg Businessweek, Obama senior campaign adviser David Axelrod recently ripped Mr. Romney for "leveraging companies with debt, bankrupting companies and making money off of those bankruptcies . . . [that] cost jobs and certainly wages and benefits." And an Obama campaign briefing paper says "Romney closed over a thousand plants, stores and offices . . . cut employee wages, benefits and pensions . . . laid off American workers and outsourced their jobs to other countries." The president is guilty of the same alleged sins. The Obama administration, after all, forced General Motors and Chrysler into Chapter 11 bankruptcy in 2009 and then c ...
& letting America's largest businesses & employers like General Motors be sold for scrap ... as he did at Bain Capital.
Harvey Weinstein Puerto Rico Las Vegas Rose Mcgowan President Trump White House Susan Collins Donald Trump World Cup Blade Runner Amazon Studios Bruce Arena Carpool Karaoke John Kelly Richard Branson Boy Scouts North Korea President Donald Trump Social Security Affordable Care Act Linkin Park Champions Cup Hillary Clinton Joe Maddon Theresa May Oliver Stone Middle East Quentin Tarantino High Court New Orleans Rex Tillerson Jason Momoa Chicago Cubs Sheryl Sandberg Puerto Ricans Manchester United Los Angeles White House Chief Mandalay Bay San Juan Stranger Things Myleene Klass Capitol Hill Blake Lively Bruce Springsteen Barack Obama Islamic State South Africa Tim Kaine General Motors Star Wars Stephen Paddock Seven Sisters Jane Fonda Wrigley Field Royal Society Washington Nationals Real Estate Southwest Airlines Spangled Banner Values Voter Summit Kate Beckinsale Jason Aldean Girl Scouts Dolly Parton Public Health World Series Claude Juncker Vietnam War Trevor Noah Aung San Suu Kyi Santa Rosa Mutual Fund Garth Brooks Premier League Bill Murray Mitch Trubisky Michael Jordan National League Amazon Echo Philip Hammond Daily News Las Vegas Strip Northern Ireland Google Home Suge Knight Man Utd East Sussex Charles Schulz Ian Brady Jeff Bezos Wall Street First Lady Salman Rushdie Ivana Trump Christian Values Saudi Aramco Jamie George Bianca Gascoigne Henry Blofeld
© 2017