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(YouTube)   Mitt Romney on Bain's plan to buy and 'harvest' companies, destroy Gotham City   (youtube.com) divider line 197
    More: Stupid, CD-ROM, Mitt Romney, harvests  
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2231 clicks; posted to Politics » on 27 Sep 2012 at 7:15 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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vpb [TotalFark]
2012-09-27 08:36:55 AM  

Amdam: I don't get what's particularly damaging about that video.

/serious


I think the use of the word "harvest" is the issue. It carries connotations of a destructive process like "reaping". It makes you think of a giant corporate combine mowing down companies like corn.

For some reason some PR genius in the 90's came up with the idea that "harvest" would carry connotations of natural goodness or something. It didn't really catch on for obvious reasons.

I remember seeing an organ donation advocate talking about "harvesting organs" from brain dead patients back in the 90's. It was so creepy it made me want to oppose her, and I agreed with her.
 
2012-09-27 08:38:52 AM  

Mugato: It's funny, he's much more articulate when he's talking about sucking the life force out of American companies than he ever was giving speeches for his Presidential campaign.


That was the first thing I noticed about this.
 
vpb [TotalFark]
2012-09-27 08:39:21 AM  

Close2TheEdge: Not really all that controversial. This is private equity in a nutshell. The only part that is "shocking" is Romney running on his Bain record as proof that he can create jobs. That is NOT the goal of a private equity firm. It is to extract profits and management fees, with the hope that the business will be on better footing at the end. Jobs being created is a nice by-product, but definitely not the focus.


That's why they strip assets at the beginning like they did with GST steel. It may make the company less likely to succeed, but they get their profit win or lose.
 
2012-09-27 08:39:40 AM  
I made my first tiny-face Rmoney!

imageshack.us
 
2012-09-27 08:41:46 AM  

vpb: That's why they strip assets at the beginning like they did with GST steel. It may make the company less likely to succeed, but they get their profit win or lose.


They harvested the crop, didn't put any seed down, and acted surprised when nothing grew.
 
2012-09-27 08:42:16 AM  
I'm not surprised nor offended by this video. It's unfortunately a part of business. However, the fact that he can do this and then lie about what he has done in the past and what he stood for and claim he never stood for any of it, then that just shows he's a sociopath and can't be trusted with anything.
 
2012-09-27 08:42:49 AM  
$4 gallon gas, 8% unemployment= Romney as President.

You can delude yourselves all you want, but that is reality.
 
2012-09-27 08:44:19 AM  

vpb: farkityfarker: There's not really anything here that we didn't already know.

No, but it's Romney's own words. It's not really even that bad. If I didn't know what sort of "harvesting" they did, I would have just thought he was talking about selling them at a profit.


I wish people would stop going after this kind of thing. There are a lot of valid issues to hit him with and all this nit-picking waters down the impact of the real issues.
 
2012-09-27 08:46:47 AM  

Amdam: There is nothing really damaging in this particular video


Accept for Romney's inevitable bungling of his response to it, of course. Wait patiently and he will clarify that this was an internal meeting that shouldn't have been recorded, but that he stands by his record at Bain, and besides the company he was actually referring to was just a dopey mom & pop mining operation that employed a scant 1500 - 1700 people who are surely happier now that they don't have to go down in those dirty mineshafts.

/He'll find a way to make this inconsequential video the story of the rest of the week.
//Assuming I see something other than the only 5 second clip from the Seahawks/Packers game that apparently matter when I turn on the news later.
 
2012-09-27 08:47:38 AM  
Romney didn't seem all phony in that video. It was as if Romney was being his true self, just like on that "47%" video.
 
2012-09-27 08:47:50 AM  

Basily Gourt: $4 gallon gas, 8% unemployment= Romney as President.

You can delude yourselves all you want, but that is reality.


(snort) No, you can keep your own delusions. Including the price of gas.
 
2012-09-27 08:49:35 AM  

Bontesla: Can someone sum it up for me? I can't watch it yet.


FTV:
Bain Capital is an investment partnership which was formed to invest in start-up companies and ongoing companies then to take an active hand in managing them and hopefully, five to either years later, to harvest them at a significant profit. (break in video). The fund was formed on Septermber 30th of last year. It's been about ten months then. It was formed with $37 million in invested cash....... (video goes on, with general investment information not of it damning)

The rest is filler
 
2012-09-27 08:50:14 AM  
So corporations are people and also crops?

I'm confused.
 
2012-09-27 08:53:03 AM  

theorellior: It really is amazing how much more polished, natural and flowing his speech patterns are in this video, compared to his stump speeches and public appearances.


It's always easier when you're talking about what you love.
 
2012-09-27 08:54:46 AM  

Basily Gourt: $4 gallon gas, 8% unemployment= Romney as President.

You can delude yourselves all you want, but that is reality.


How does the President go about setting the price of a gallon of gas?

//NYMEX and ICE would like to have a word with you. :)
 
2012-09-27 08:55:14 AM  

PC LOAD LETTER: quatchi: As Mitt and Bain have sown, so let them reap rape.

Sorry, pet peave


Correction cheerfully accepted.

Rape-ublicans like rape. Go figure.
 
2012-09-27 08:56:17 AM  

Basily Gourt: $4 gallon gas, 8% unemployment= Romney as President.

You can delude yourselves all you want, but that is reality.


That's only two statisticals. You need a third.
 
2012-09-27 08:56:36 AM  

Basily Gourt: $4 gallon gas, 8% unemployment= Romney as President.

You can delude yourselves all you want, but that is reality.


Rmoney has been rattling sabres pretty heavily. He has also stated, time and again, that he would expand our military adventurism.

He is, therefore, completely unelectable.

I am thoroughly convinced that the GOP strategy over this past cycle was to hand Obama a reelection.

I mean, how could one possibly explain their behavior otherwise?
 
2012-09-27 08:56:36 AM  

Basily Gourt: $4 gallon gas, 8% unemployment= Romney as President.

You can delude yourselves all you want, but that is reality.


What makes you think this is even remotely true?
 
2012-09-27 08:57:01 AM  
Evidence that more left wing leaning news outlets can't bring themselves to stoop to the same level as their right wing counterparts. This video was presented in context including the last bit where he said something about helping companies realize their potential value. They could have cut it after the harvesting bit and it would have sounded a lot worse.
 
2012-09-27 08:59:28 AM  

Flargan: Basily Gourt: $4 gallon gas, 8% unemployment= Romney as President.

You can delude yourselves all you want, but that is reality.

How does the President go about setting the price of a gallon of gas?

//NYMEX and ICE would like to have a word with you. :)


Y'see, it's all about 0bama raising taxes on the middle class. Whenever the price of gas goes up, it's a tax hike. 0bama gets more of my money in gas taxes. That's why he wants to keep gas prices high.
 
2012-09-27 08:59:29 AM  

Basily Gourt: $4 gallon gas, 8% unemployment= Romney as President.

You can delude yourselves all you want, but that is reality.


Tell me more statisticals.
 
2012-09-27 08:59:47 AM  
meh .. I don't see what the big deal is.

Without some sort of context, it sorta even looks good. "we work closely with businesses we invest in" etc.

/plus yeah, Romney can put cohesive sentences together apparently, when it's a subject he actually cares about (i.e., money)
//I'm not entirely convinced he actually wants to be president.
 
2012-09-27 08:59:49 AM  
ehhh, I'm a Romney-hater, but this isn't that damning. The only thing in the entire video that's bad is the word "harvest" which could easily just mean "sell." Investment people use terms like "tax harvesting" all the time, which really just means selling stocks to get the best tax deal. If the rest of the video had talked about shutting down operations or laying off workers, OK. But as it is, the video doesn't really say much.
 
2012-09-27 09:02:23 AM  

phenn: I made my first tiny-face Rmoney!

[imageshack.us image 492x371]


God bless you for the wonderful work you are doing for humanity. The beloved bride looked over my shoulder and burst out laughing.
 
2012-09-27 09:03:15 AM  

vpb: For some reason some PR genius in the 90's came up with the idea that "harvest" would carry connotations of natural goodness or something. It didn't really catch on for obvious reasons.


It also carries a connotation that the bounty is there for the taking as a natural right. I thought it was weird a couple years ago when Palin described hunting moose as a "harvest".
 
2012-09-27 09:03:47 AM  
Muta: Obama is great at dominating the news cycle.

It's because he's black, and HUUUUUUUGE!!!!
 
2012-09-27 09:04:45 AM  
 
2012-09-27 09:05:05 AM  
While Romney digs holes out of companies Obama has dug us out of job loses as revised data coming out shows 386k more jobs added putting Obama into the positive on jobs.
 
2012-09-27 09:05:13 AM  

Muta: vpb: For some reason some PR genius in the 90's came up with the idea that "harvest" would carry connotations of natural goodness or something. It didn't really catch on for obvious reasons.

It also carries a connotation that the bounty is there for the taking as a natural right. I thought it was weird a couple years ago when Palin described hunting moose as a "harvest".


I think Palin uses it more because it sounds all Founding Father-y to say that she's harvesting moose rather than hiring interns to shoot them.

Moosecakes: ehhh, I'm a Romney-hater, but this isn't that damning.


It's damning to people who hate that Romney ever had access to money.
 
2012-09-27 09:06:04 AM  

Basily Gourt: $4 gallon gas, 8% unemployment= Romney as President.


Oh look, it's the RW mantra.

You can delude yourselves all you want, but that is reality.

[natesilvernowcast]

You are a very silly person.
 
2012-09-27 09:07:17 AM  

ghare: Mugato: It's funny, he's much more articulate when he's talking about sucking the life force out of American companies than he ever was giving speeches for his Presidential campaign.

Well, see, it just so confuses him, that the little people get to participate in Democracy.

And really, lately, I can see his point.


With all due respect sir, I believe you've mistakenly come to the impression that Mr. Romney believes in , or even understands, anything approaching the concept of a democracy. There's no democracy in a boardroom (at least the ones I've been unlucky enough to witness). There's no room for democracy and independent thought within the oligarchy he's been bred into. In some ways, I have to think this isn't really his fault - that he's been weened on the tit of true entitlement. And then I regret my own moment of humanity and want to punch a kitten in the neck.

//Sigh - Hello merlot my old friend
 
2012-09-27 09:09:37 AM  

Moosecakes: ehhh, I'm a Romney-hater, but this isn't that damning. The only thing in the entire video that's bad is the word "harvest" which could easily just mean "sell." Investment people use terms like "tax harvesting" all the time, which really just means selling stocks to get the best tax deal. If the rest of the video had talked about shutting down operations or laying off workers, OK. But as it is, the video doesn't really say much.


So, take the video and use it in context of describing Bain Capital's business model. Describe how they made money and what the end looked like for so many companies then play video.
 
2012-09-27 09:09:44 AM  

Bontesla: Can someone sum it up for me? I can't watch it yet.


He basically outlines what Bain did. The only difference is hearing it directly from Romney, versus hearing it from his detractors.
 
2012-09-27 09:11:06 AM  

Shvetz: He basically outlines what Bain did.


He doesn't even do that. He just says he has lots of money and sometimes buys companies and hopefully they'll both turn out great.
 
2012-09-27 09:11:38 AM  
You libtards can delude yourselves all you want but here are the fact:

Registered Republicans = 30%
Palin supporters = 20%
Teaparty Patriots = 20%
--------------------------------
Romney voters = 70%

It will be a bloodbath for the Dems in November.
 
2012-09-27 09:13:21 AM  

kregh99: So corporations are people and also crops?

I'm confused.


Solylent green is corporations.
 
2012-09-27 09:14:27 AM  

incendi: keylock71: theorellior: It really is amazing how much more polished, natural and flowing his speech patterns are in this video, compared to his stump speeches and public appearances.

Because in campaign stump speeches he has to talk about people and not his preferred subject - Money.

Lying through your teeth about your core beliefs is hard.


Maybe that's what his Stepford Wife was talking about when she said, "This is hard"...

"Do you peons have any idea how tiresome it is to feed you bullshiat?!?"
 
2012-09-27 09:16:11 AM  
But Romney/Bain assured me that they are responsible for such business successes as Staples and Dicks. It's not their fault that a few businesses failed, that's just what happens in the real world.
 
2012-09-27 09:16:49 AM  

vpb: Amdam: I don't get what's particularly damaging about that video.

/serious

I think the use of the word "harvest" is the issue. It carries connotations of a destructive process like "reaping". It makes you think of a giant corporate combine mowing down companies like corn.

For some reason some PR genius in the 90's came up with the idea that "harvest" would carry connotations of natural goodness or something. It didn't really catch on for obvious reasons.

I remember seeing an organ donation advocate talking about "harvesting organs" from brain dead patients back in the 90's. It was so creepy it made me want to oppose her, and I agreed with her.




The concept of being 'harvested' like a crop is downright terrifying - lovecraftian. That we are powerless pawns at the mercy of these god like beings with intentions unknowable to the common man. We the people (corporations are people my friend) are less than cattle, we are a crop...and one that must be kept from growing too much.

blogs-images.forbes.com
/Bain Reaper Drones are coming for us all
//PREPARE FOR CHAPTER 11 ORGANICS
 
2012-09-27 09:17:39 AM  

sprawl15: Shvetz: He basically outlines what Bain did.

He doesn't even do that. He just says he has lots of money and sometimes buys companies and hopefully they'll both turn out great.


The video on its own isn't damning. If you took that video and provided a detailed look at the actions Bain took, focusing on the companies they simply raided for credit and saddled with onerous management fees, the video would come across differently.

In the sense of reality, the video is largely worthless. In context of campaigns spinning their opponents, the video can be anything you want, especially since Romney uses words like "harvesting" in a business context and most people are not familiar with the context.
 
2012-09-27 09:21:59 AM  

Muta: You libtards can delude yourselves all you want but here are the fact:

Registered Republicans = 30%
Palin supporters = 20%
Teaparty Patriots = 20%
--------------------------------
Romney voters = 70%

It will be a bloodbath for the Dems in November.


Those appear to be sound statisticals.
 
2012-09-27 09:22:08 AM  

Amdam: If the average person doesn't already understand what Bain did to other companies before watching this video, they're still not going to understand. All this is going to say is that Bain comes in, helps them restructure their company to maximize profits, then leaves with with a hefty ''advisor's fee".

There is nothing really damaging in this particular video


Every video is damaging to Romney at this point. He needs to unearth a video of himself talking about Jesus, while holding an orphaned bunny he fed with an eyedropper, speaking to a group of Nuns and Boy Scouts, while wearing a T-Shirt he bought at the mall, and mentioning how he cooks hot dogs on the grill on July 4th. That would help.

Romney makes John Kerry look like the Fonz.
 
2012-09-27 09:22:33 AM  

Moosecakes: ehhh, I'm a Romney-hater, but this isn't that damning. The only thing in the entire video that's bad is the word "harvest" which could easily just mean "sell." Investment people use terms like "tax harvesting" all the time, which really just means selling stocks to get the best tax deal. If the rest of the video had talked about shutting down operations or laying off workers, OK. But as it is, the video doesn't really say much.


It's not that damning on its own, but when you stack it on top of the ever increasing pile of tape that has him on record as being not only out of touch (which I could understand on some level), not only disingenuous, and completely without principal outside the almighty dollar, this becomes another layer on this guy's cake o' dookie.

So yeah, it's not that this video is that horrible on it's own, but it does serve as an indication of what Romney's mindset was very early on in his business and political life.

tldr - Romney inhabits all that is "fark you, I've got mine"
 
2012-09-27 09:23:42 AM  

Shvetz: Bontesla: Can someone sum it up for me? I can't watch it yet.

He basically outlines what Bain did. The only difference is hearing it directly from Romney, versus hearing it from his detractors.


With 20/20 hindsight, though, it was a little creepy to hear Romney describe the destruction of companies and the elimination of thousands of jobs as 'harvesting'. Harvester in Chief, anyone?
 
2012-09-27 09:23:59 AM  
Mitt Romney, Harvester of Companies?

So... next time he comes out on stage at an event he'll walk out to BOC's "Don't Fear the Reaper"?
 
2012-09-27 09:25:44 AM  
Meh.
 
2012-09-27 09:26:33 AM  

mrshowrules: Muta: You libtards can delude yourselves all you want but here are the fact:

Registered Republicans = 30%
Palin supporters = 20%
Teaparty Patriots = 20%
--------------------------------
Romney voters = 70%

It will be a bloodbath for the Dems in November.


Those appear to be sound statisticals.


Agreed. Perfectly cromulent statisticals. Harmonized and everything.
 
2012-09-27 09:26:34 AM  

quatchi: Mitt Romney, Harvester of Companies?

So... next time he comes out on stage at an event he'll walk out to BOC's "Don't Fear the Reaper"?


... and then Buck Dharma and Eric Bloom immediately issue a cease and desist order for copyright violation. : )
 
2012-09-27 09:26:42 AM  

dr_blasto: The video on its own isn't damning. If you took that video and provided a detailed look at the actions Bain took, focusing on the companies they simply raided for credit and saddled with onerous management fees, the video would come across differently.


And, at that point, you've likely already made up your mind on how you feel about Bain.

At best, the video adds zero value. More likely, though, it'll just be a distraction. "OMG dum libs mad about how romnney has money" etc. I wouldn't be surprised to see Fox break the story with the old "Liberals attack Romney for being successful" canard.
 
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