Randy Johnson, Cindy Hewitt and Dave Foster, who did not experience a positive outcome after Bain Capital took over their companies, speak at the DNC.
A trio of workers who said they were laid off after Bain Capital took over their companies were given time to speak on the stage at the Democratic National Convention Wednesday night. They told their personal stories of what happened at each of their companies, accusing Republican nominee for president Mitt Romney and his former Bain partners of putting profits before people and describing the fallout after a Bain takeover.
Democrats have thrust Bain Capital, the private equity firm founded by Romney, into the spotlight numerous times during the presidential campaign, questioning its role in job creation, as well as various overseas investments.
"I wanted to tell you about Mitt Romney's record of cutting jobs," began one speaker. "Mitt Romney once said, 'I like being able to fire people.' Well I can tell you from personal experience—he does."
Romney and his campaign have consistently defended his business and job-creation record at Bain.
Video above.
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Hear every speech, all the way through, on C-SPAN.
How you people could support a baby killer is crazy to me.Obama needs to GO NOW.
Far be it you troop out employees of Staples, steel company in indiana and others. Lets talk the obama non record
Was it Obama that said "I don't know where Osama is and I really don't care.. WOW!
And them attacks the wrong country! WOW! 45000 dead while Cheney filled is pockets on Americans blood. Nice!
Yes, let's.
Estimates of ARRA’s Impact in the First Quarter of 2012
CBO develops estimates of ARRA’s effects on output and employment by looking at recorded spending to date along with estimates of the other effects of ARRA on spending and revenues, by using evidence about the effects of previous similar policies, and by drawing on various mathematical models that represent the workings of the economy. Using such analysis, CBO estimates that ARRA’s policies had the following effects in the first quarter of calendar year 2011 compared with what would have occurred otherwise:
Those ranges reflect the substantial uncertainty that surrounds the broad economic effects of such policies and a range of economists’ views about the magnitude of those effects.
In contrast, recipients of some ARRA funds reported that those sums supported about 160,000 FTE jobs during the first quarter of calendar year 2012. In CBO’s view, those reports do not provide a comprehensive estimate of the law’s impact on U.S. employment for several reasons, which are discussed in CBO’s report and in a previous blog post.
Projected Effects of ARRA in 2012
In total, CBO estimates that the legislation will increase budget deficits by about $831 billion over the 2009–2019 period. By CBO’s estimate, close to half of that impact occurred in fiscal year 2010, and more than 90 percent of ARRA’s budgetary impact was realized by the end of March 2012.
The effects of ARRA on output peaked in the first half of 2010 and have since diminished, CBO estimates. The effects on employment are estimated to lag slightly behind the effects on output; CBO estimates that the employment effects began to wane at the end of 2010 and continued to do so through the first quarter of 2012.
Still, CBO estimates that, compared with what would have occurred otherwise, in 2012 ARRA will:
I've seen the Bain Capital statistics, they helped a lot more companies survive then met there unfortunate fate. Here's the fact, there will always be winners and losers, that's the ecomonic reality. This is no more than focusing on the negative. If the Democrats want to get upset....just take a look what the "Job Czar" to President Obama is doing. GE CEO Jeffery Immelt is taking your tax payer dollars in the form of stimulus, bank bailout money and government loans to ship jobs to China and India. 170-200 million courtesy of the American Recovery and ReInvestment Act and bank bailout for GE Capital. Not to mention the 5 BILLION in 2010 profit that GE didn't pay any taxes on. The whole time no outrage from the President nor his party. WOW!!
Its time they pay whatever taxes they have due. Yet I haven't heard of one person who's pension was stolen or medical benefits. The BUST tax cuts for the rich must come to an end. Only the GOP baggers want to keep them because it end the government as we know it. So is a corprotocracy what you want?
We really have to eliminate these overseas tax shelters in the Cayman Islands, Bermuda, and in places like Switzerland. Democrats tried to eliminate the outsourcing tax subsidy but this was filibustered in the Senate by GOP Senators. Every time reasonable corrective measure are introduced by Democrats we get GOP obstructionism or filibustering of every reasonable Obama proposal. President Obama has bent over backwards trying to work with Republicans but all he has met are more obfuscation, obstructionism, with obstinate obdurate obstacles from the GOP.
You can say that again Rex.
Indeed Rex! When a republican dies we have to screw them into the ground because they are so crooked!
Well now Dave you are telling some pretty big whoppers on this board I can name at least four companies Mitt killed Specialty Retailers, inc, Dade International, Damon corp and GST Steel the only two companies that he brags about that are still in business are Staples ( which I have fired, you see I like firing people too) and Sports Authority which do not employ the amount of people that Mitt claims 100,000.
Mitt did not create jobs he created wealth for himself because he was the CEO, sole investor and sole stockholder. When loading all these companies up with debt he was not risking a single dime of his companies money, not only that but he 'fudged' the tax code so that the profit ratio looked better and took that money in the form of bonus. Then made huge profits after selling the companies to unsuspecting buyers.
He did make wealth he simply siphoned it off others that he laid off and then took their pensions making that the responsiblity of others - the taxpayers.
Mitt has cost this country millions of dollars yet you trolls all complain about paying for some woman's birth control, again your focusing on the wrong thing.
I do not know why you waste so much time defending this guy because he really doesn't care about anyone thats not in his tax bracket. The only people who will be successful if Mitt wins this election will be survivalists and mercenaries because those will be the only jobs left after Mitt finishes off the economy that bush left.
This is what we all can expect from the dirty rotten lying greedy bastards!
And what about the over 20 million that have lost their jobs sense Obama took office?
What do you bet the DNC wont have any of those people talking.
Much easier to pick through the trash and fine a few people that hate Romney.
Forget about the 1000's of people that bain put to work.
Moo so just how is Willard going to get jobs for people?
Any ideas is better than Obummers. He is completely blank as what to do for jobs..
No ideas just the same failed policies of the GOP past RIGHT!
You mean Dummycrats, don't you?
Still crying in your beer huh! Well it will be a waterfall in November Willard's a loser! Can't even come up with any kind of a budget. Willard the Chickenhawk! Tax dodger pension thieving bastard.
We need to constantly remind ourselves of the 3 million jobs the GOP "do nothing" Congress could have created had they passed President Obama's bills. The American Jobs Act would have created or saved two million jobs but failed to get a vote in the GOP controlled House. The Small Business Tax credit bill would have created about one million jobs but was filibustered by the GOP in the Senate. We should also remember the Farm Bill that the GOP House failed to pass in August. The Farm Bill is a huge item for agricultural states across the Midwest, South, and Western U.S. When all the GOP in Congress does is sit on their ass and fail to do the business of the American people is it any wonder we still have millions of unemployed people all across the country? Checkout the Constitution where it talks about all spending bills originating in Congress, especially the House of Representative. President Obama has to have a partner in Congress. All the GOP has done is give President Obama the middle finger because they hate him. In GOP today, right wing extremist politics hatred and ideology triumphs over getting the business of the America back to work.
You guys cannot be serious by claiming that Mitt will do a better job on creating Jobs because Mitt has actually claimed that he will create 12 million jobs but he has to be pulling that figure out of his butt because we all remember how well tax breaks worked for job creation during the bush administration
The only jobs Mitt will create will be for mercenaries and survivalists and this will be after he collapses the economy yet again like bush
Oh and I just want to add that that figure will NOT be 12 million.
Ethel - As I have said in other discussion, Mitt has actually stated that "Government does not produce jobs". Now he is saying that government will create 12 million jobs if he is elected. Which is it? We would have to raise a huge army (which we can't afford), especially if he were to start us in another war! To him war is a job creator, but it is actually a budget breaker!
Democrats are just a bunch of cry babies that live in some fantasy world. Someday they need to come to realville!! What a pathetic bunch of losers.
LMAO
talking about a loser
is that a L on your forehead?
tell whats pathetic are republicans in congress! now you want to talk pathetic we can start there!
oh being a re-reg spambot hack is pathetic as well Loser. LOL
other opinion always posts such intellectual comments. Like a petulant teenager.
Go sniff some glue.
Billy Boy just blew Willard away! BYE WILLARD!
Did Billy Boy give any instructions on how to get a BJ in the oval office?
Did you forget how already!
I just thought he might pass the info on to Obummer. After all, Obummer does have a big stick according to Joe Biteme.
Hmmm..Lets see, Clinton gets a blow job, creates 23 million jobs and hands Bush a budget surplus. Bush blows the surplus in four years, ignores 9-11 warnings from Gen Wesley Clark, tells the American public 'I don't know where OBL is and I don't care' six months after 9-11, starts an illegal war with Iraq murdering 5,000 of our heroes and watches our economy collapse. Maybe Clinton SHOULD have given bush instructions, we would'nt be in the mess we are today.
I think so John but he would have to have told him cuz he can't read or do arithmetic.
Maybe a pop up book! Ha ha ha!
GWB tried to blow a shoe horn! LOL!
Excellent post John, I remember that in Midland Texas they had a joke about W and his failed oil companies like W was so inept he could not find a quart of oil in a 7/11
Its sad how Willard and Bain only have one thing in mind MONEY for themselves. Corporate greed! Willard said he would do the same thing for this country that he did at Bain! No thanks I don't want to live in a 3rd world country. Willard makes jobs in CHINA! Kochsucker!
Keep Obummer and you will be in a third country by the end of his second term.
I not moving as long as it still a democracy! But I will if its the 4th Reich under Willard!
You want Wooolard Bahh! Sheeple!
@xxx ooo
We need to tell other opinion to leave after all his the one that is so un patriotic he does not want to pay taxes...
Hey tee baggers did you get you Math for Dummies yet! I guess you don't have to do math if just steal everything right! Corporate PIGS!
How many jobs were created in this country? Compare to job creation overseas?
Most of them were created here but the corporates sent them overseas..Hah!
GM is alive and Osama bin Laden is dead! Housing prices are rising. Manufacturing jobs are coming back. We had one HELL of a BIG mess to clean up AGAIN!
FORWARD not BACK! Peace not WAR! Clean air water, safe food. Nah don't need that huh?
Just say NO to Corprotocracy!
Bain capital PE companies:
Accellent
HD Supply
Air Medical Group Holdings
Hero Investments
AMC Entertainment
Himadri
Applied Systems
Ideal Standard
ASIMCO
IMCD
Bellsystem24
International Market Centers
Bloomin' Brands
JinSheng International
Bombardier Recreational Products
Lilliput Kidswear
Brakes Group
MEI Group
Brenntag
Michaels
Bright Horizons
MYOB
Broder Bros., Co.
NXP
Burlington Coat Factory
Physio Control
Cerved
Quintiles
China Fire and Security Group, Inc.
Securitas Direct
Clear Channel Communications
Sensata Technologies
Contec
Sinomedia Holding Limited
CRC Health Group
SkillSoft
Cumulus Media
Skylark
D&M Holdings
SquareTrade
Domino's Pizza Japan
Styron
Dunkin' Brands
SUNAC
Edcon
SunGard
EPOCH Holdings
Suntel
FCI
TeamSystem
FleetCor
The Weather Channel
GA PACK
Toys "R" Us
GOME
Unisource
Guitar Center
Uniview
Gymboree
Warner Chilcott
Gymboree China
WorldPay
HCA
Thanks now I have list to boycott! Hah!
I pity the poor people who will lose their jobs and pensions in a few years..
Why would you boycot people like you that have a job?
You just hate that much?
Explain M-theory.
And post it in Hindi, since that's one of the languages you speak.
Great speech Barney The Democrats have learned from the past mistakes of the past. But the Juggernaut GOP has not...
MR. PRESIDENT ,
You need to stand up against the lies the right is making on the National debt.
They are accusing you of spending $6 TRILLION during your term.
I know for a fact that they are all GOP policies that caused it.
Fixing the GOP screw ups is not your spending is theirs.
Stimulus to save the GOP screw ups are LOANS not spending.
INTEREST on the GOP TRILLIONS of debt is NOT yours to be responsible for.
MR. President,
The $16 TRILLION is GOP Policies of the past 32 years.
Stand up for your record and denounce those accusations.
Use their debt clock against them.
Mr. President,
Use ARITHMETIC against them.
Democratic policies that added to the National Debt = ????
Deduct that from $16 TRILLION
The balance will equal GOP DEBT.
This is NOT blaming the GOP or BUSH.
This is ARITHMETIC Mr. President.
Is the DNC lying about speaker David Foster when they present him as an employee of a Bain Capital Project?
From Yahoo---"David Foster was never an employee of GST Steel's Kansas City plant. He was employed by the United Steelworkers of America as their regional union director to represent GST Steele" No leadership-- THE THRILL IS GONE!
Now, let's review everything Lyin' Ryan's said. Then, we can examine all of Robme's statements from the past 5 years.
Glass houses, simpleton.
Total lack of leadership! THE THRILL IS GONE!
Gee-Where'd you get that line? Oh, right-you already posted it. The brain is gone!
Even had to downsize for his speech, not enough sheeple feeling the tingle
16.3-- Actually that line is original, which is something that has never been attributed to anything you post! Total lack of leadership! THE THRILL IS GONE!
B3:That's what your goat told me about you! Hee hee!
I loved it, they gave Ol' Mitt a public spanking.. I hope more come forward and expose the fraud.