Obama king of etch-a-sketch

SF....how is it you don't think this an issue? bullying people, especially homosexuals, doesn't bode well for a CIC, unless he can explain how he was just a dumb kid. if obama had done this you would be all over him for it.
 
Onceler said:
How many times do I have to tell you? He's not MY messiah. He's OUR messiah - yours too. He will save you even if you resist.
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He will save me from a difficult decision. Anyone who is honest with himself knows that Romney is the lesser of two evils.
 
Superfreak said:
lmao... 'vulture capitalism'... you understand how many companies he saved? How many startups they funded?

You all crack me up.
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You must have inside information, I thought Bain didn't keep those kinds of records?

SARAH PALIN: Governor Romney has claimed to have created 100,000 jobs at Bain, and, you know, people are wanting to know: Is there proof of that claim?
 
cawacko said:
That term makes me laugh too. I wonder how many who use really understand private equity?
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I don't understand it the way you do, but I know there is a good and a bad side to it. People loose jobs so that investors can make money, to me, that is not good.
 
Rana said:
You must have inside information, I thought Bain didn't keep those kinds of records?

SARAH PALIN: Governor Romney has claimed to have created 100,000 jobs at Bain, and, you know, people are wanting to know: Is there proof of that claim?
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1) Yeah, most VC firms don't keep track of how many they hired or fired.

2) No, it is not inside information. Bain talks about the types of companies they invest in (or have invested in)... Toys r Us, Staples, Warner Music etc...

3) I work with VC firms from the investor standpoint meaning I have to do the due diligence to make sure the VC firms are a good fit for my clients. So yes, I understand how they work. Without VC firms, you would not have Goolge, Facebook, Microsoft, Staples, Apple and countless others. VC firms fund projects that fail all the time, they take the risk on those people who have an idea/service/product that banks typically won't touch (as they are too risky). Most of the clean energy companies out there get their money from VC firms. Most biotech firms get their funding through venture capital/private equity raises. That is how new industries are spawned. Even with knowledge on what tends to work and what doesn't, the failure rate of VC investments is still very high.
 
Rana said:
I don't understand it the way you do, but I know there is a good and a bad side to it. People loose jobs so that investors can make money, to me, that is not good.
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I'm far from an expert on the industry but we'd have a very different looking country today if we told companies they could not merge with other businesses and were forced to grow only organically.
 
Rana said:
I don't understand it the way you do, but I know there is a good and a bad side to it. People loose jobs so that investors can make money, to me, that is not good.
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People also get jobs while the investor could lose money. It works both ways.

Many times when a company is struggling, a VC firm (like Bain) will come in and clean house. Get rid of redundancies, cut costs to save as many jobs as they can. People are going to lose jobs at that point, but you can also save a company from going out of business which means everyone loses their job instead of just some.

Right now for example, the post office needs that type of cleaning. If that were a business, everyone would have lost their jobs due to the constant losses. A VC firm would step in, provide short term funding, clean up operations and try and make it profitable. If they couldn't then they would sell off assets and try and get their money back.
 
cawacko said:
I'm far from an expert on the industry but we'd have a very different looking country today if we told companies they could not merge with other businesses and were forced to grow only organically.
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What's wrong with growing organically;)
 
cawacko said:
I'm far from an expert on the industry but we'd have a very different looking country today if we told companies they could not merge with other businesses and were forced to grow only organically.
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I must confess, I was doing a little trolling, I knew the term would make SF's head spin and he would spit pea soup. I didn't know you would come to play.

He didn't even give me crap for the Sarah Palin quote, I was a little disappointed.
 
Darla said:
Yeah that would be awesome! Maybe Pravda has a YouTube channel? You should check.
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Seriously, the left is obviously flooded with misconceptions of Venture Capital just as they are with the 'evil speculators' in oil etc...

I am talking about a purely economic piece on how it works, why people lose jobs, how it saves jobs, etc...

That said, I am certainly aware that an educated base is not what you want on this issue as it would hurt Obama's chances for re-election if he can't keep shouting 'he has a swiss bank acct'... 'he ships them jobs overseas' etc...
 
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