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(Salem-News.com)   Bain shows its support for Romney's tough-on-China stance by replacing American flag at American factory with Chinese one while the employees train their Chinese replacements. Something something Job creators   (salem-news.com) divider line 257
    More: Sad, Chinese, china, Americans, United Steelworkers, U.S. flags, United States, Freeport, offshoring  
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6406 clicks; posted to Politics » on 13 Oct 2012 at 8:20 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-10-13 06:47:13 PM  
Blind trust something something.
 
2012-10-13 06:59:20 PM  
But Fartbongo bowed to Queen Elisabeth or something.
 
2012-10-13 07:00:16 PM  
With a big-freakin' banner near the bottom referencing OWS (but with Marines), and another "ad" saying "boycott Israeli goods", I'm tempted to think there might be a bit of bias in this article.
 
2012-10-13 07:01:19 PM  
Now, I DO know that the closure of the plant/replacement of the workers in Freeport IS happening, but this shiat about the flag?

I donno, man...
 
2012-10-13 07:04:54 PM  

Mentat: But Fartbongo bowed to Queen Elisabeth or something.


...and then he apologized to the Taliban and gave the Presidential Medal of Freedom al-Zawahiri

study it out!
 
vpb [TotalFark]
2012-10-13 07:24:14 PM  
Well, they created jobs by requiring people who worked there to train their own replacements so that makes them job creators right?
 
vpb [TotalFark]
2012-10-13 07:28:47 PM  
Bainport. The Hooverville of the 21st. century.
 
2012-10-13 08:22:44 PM  
www.mediaite.com
 
2012-10-13 08:22:59 PM  
Clearly, this scummy behavior is entirely new. When run by His Holiness Mitt Romney, they did absolutely NOTHING to fark over American workers or businesses!
 
2012-10-13 08:23:31 PM  
Well, at least they're not making their American employees build a 30-foot stage.
 
2012-10-13 08:23:53 PM  
yeah but he won the debate so he's automatically president too bad libs
 
2012-10-13 08:24:33 PM  
thisisthestoryof.files.wordpress.com
 
2012-10-13 08:29:09 PM  
At the bottom of the article (if it is the same one I read) they did debunk the fact that the factory in the picture was in America. It is a factory IN CHINA in the picture/video.

Bain still sucks.
 
2012-10-13 08:31:21 PM  
But keep inventing minor things President Obama does that you can be offended by, Conservative Media.
 
2012-10-13 08:31:51 PM  
I'm sure it was done retroactively so it doesn't count.
 
2012-10-13 08:32:04 PM  
Well they created jobs for the chinese.
 
2012-10-13 08:33:10 PM  
Gawwwd you guys are desparate Bain is not running the company. They are an investor

Or do you whine about 0bama when GM outsources ?
 
2012-10-13 08:37:48 PM  
This is taking place as Mitt Romney tries to convince people to believe that he doesn't know about Bain's shipping American jobs overseas.

Yeah, at leas 'fess up, douchebag,or completely divest yourself of Bain connections, nobody believes your bullshiat at this point except the 'Obama-is-a-Seekrit-Mooslim-Marxist' morons, and we've a;ready seen that they'll believe ANYTHING. The rest of your supporters aren't too keen on this bullshiat, but they bite at the Faux News bait and believe that you're some kind of miracle worker, but they're gonna start losing their trust in you.

SO hard to believe that he wants us to believe he's both a financial genius, yet someone who has no idea what his farking money is doing.
 
2012-10-13 08:41:42 PM  
I really can't fault Romney for this. He honestly has no control over the actions of the company, and the company is, properly, only interested in making money, not helping Romney get elected.
 
2012-10-13 08:42:17 PM  

tenpoundsofcheese: They are an investor


When you an invest in a company, you can be judged by what the company does while you have your money invested in it. It's why there are many big investors who wont touch certain industries and certain companies. As for GM, they built a new factory to meet regional market demand. That's not outsourcing that's responding to local conditions.
 
2012-10-13 08:43:33 PM  

Lost Thought 00: and the company is, properly, only interested in making money,


Perhaps it should be interested in how it makes money. Shipping jobs overseas does nothing to help them make money long term. Doing things that improve the US economy on the other hand, do that.
 
2012-10-13 08:45:05 PM  

tenpoundsofcheese: They are an investor


You realize that investing = owning, don't you?
 
2012-10-13 08:45:10 PM  

WhyteRaven74: When you an invest in a company, you can be judged by what the company does while you have your money invested in it.


There's also a difference between being just "an investor" and being the majority shareholder, and derpface up there knows it.
 
2012-10-13 08:45:30 PM  

WhyteRaven74: Lost Thought 00: and the company is, properly, only interested in making money,

Perhaps it should be interested in how it makes money. Shipping jobs overseas does nothing to help them make money long term. Doing things that improve the US economy on the other hand, do that.


They are a multinational company. The state of the US economy is but one minor factor in their decision making. If there is money to be made in reducing the American economy by 1 and increasing the Chinese economy by 2, they will feed off that inefficiency gap
 
2012-10-13 08:46:40 PM  
Neat. You don't see many 90's-style political websites these days.
 
2012-10-13 08:46:46 PM  

Lost Thought 00: I really can't fault Romney for this. He honestly has no control over the actions of the company, and the company is, properly, only interested in making money, not helping Romney get elected.


you can fault Romney for wanting to relax, even further, the rules governing these companies (of which there are hardly any now anyway)
 
2012-10-13 08:46:59 PM  
damn money grubbers
 
2012-10-13 08:50:51 PM  
 
2012-10-13 08:51:05 PM  

The All-Powerful Atheismo: Lost Thought 00: I really can't fault Romney for this. He honestly has no control over the actions of the company, and the company is, properly, only interested in making money, not helping Romney get elected.

you can fault Romney for wanting to relax, even further, the rules governing these companies (of which there are hardly any now anyway)


I can and do. Though I don't honestly expect the rules to ever be tightened within my lifetime. The cattle is mostly out of the barn with respect to globalization
 
2012-10-13 08:51:44 PM  

Notabunny: Many liberals want to hear Mr. Romney defend those practices, too.


Yeah, I'd love for him to come out and say that.
 
2012-10-13 08:52:37 PM  

Lost Thought 00: I really can't fault Romney for this. He honestly has no control over the actions of the company, and the company is, properly, only interested in making money, not helping Romney get elected.


Is this good or bad for America? I'd say bad.

Can't we fault Romney for having money invested in something that is bad for America?
 
2012-10-13 08:52:45 PM  

tenpoundsofcheese: Gawwwd you guys are desparate Bain is not running the company. They are an investor

Or do you whine about 0bama when GM outsources ?


No, because we know that you will have it covered.
 
2012-10-13 08:54:23 PM  

Dafatone: Is this good or bad for America?


That's a very complicated question that doesn't have a clear answer
 
2012-10-13 08:55:19 PM  
I think I'll wait until I see more verifiable outrage on this one.
 
2012-10-13 08:55:35 PM  

PonceAlyosha: tenpoundsofcheese: Gawwwd you guys are desparate Bain is not running the company. They are an investor

Or do you whine about 0bama when GM outsources ?

No, because we know that you will have it covered.


He's not even trying anymore.
 
2012-10-13 08:55:56 PM  

Lost Thought 00: Dafatone: Is this good or bad for America?

That's a very complicated question that doesn't have a clear answer


I mean, yeah my phrasing is oversimplifying things some. But how is outsourcing manufacturing good for America? For that matter, how is Bain's practice of acquiring a company, loading them up with debt, and letting them go bankrupt good for America?
 
2012-10-13 08:58:23 PM  

Lost Thought 00: I really can't fault Romney for this. He honestly has no control over the actions of the company, and the company is, properly, only interested in making money, not helping Romney get elected.


Here's how I look at it:

1) Romney was the founder of Bain Capital. He created the companys' Raison D'etre and Modus Operandi. What they are doing now is entirely consistent with how he operated it.
2) Romney chose his successors when he left, ergo he chose these people because he agreed with the way they do business.
3) Romney owns $8 million of Bain stock. Even if he disagrees with the operations they are taking, he will be profiting from them.

To me, 3 is the most damning. We have at this moment a president who is both profiting from destroying American jobs while at the same time promising to create American jobs. If he truly believed in American jobs he would denounce the plant closing publicly, shame Bain, and divest himself of all Bain stock. Only then can one reasonably come to a conclusion of "I can't really blame Romney for this".
 
2012-10-13 09:00:09 PM  

Dafatone: But how is outsourcing manufacturing good for America?


When applied to the right situation, it frees up limited labor resources to perform more valuable work

Dafatone: For that matter, how is Bain's practice of acquiring a company, loading them up with debt, and letting them go bankrupt good for America?


It isn't, and that particular practice was cracked down upon in the early 2000's, though it hasn't been eliminated entirely
 
2012-10-13 09:01:27 PM  

MithrandirBooga: president presidential candidate


derped myself in the boobies.
 
2012-10-13 09:02:36 PM  

Lost Thought 00: Dafatone: Is this good or bad for America?

That's a very complicated question that doesn't have a clear answer


How do you figure? It's a simple answer. "Yes."
 
2012-10-13 09:04:03 PM  

MithrandirBooga: hile at the same time promising to create American jobs


That's something he could have done lots of while running Bain, but he never did it. Instead he'd have Bain buy a company and stick it with hundreds of millions in debt . Like when they bought Sealy, Sealy itself borrowed the money that Bain used to buy it. Yeah, let that sink in for a while. BTW 8 years ago Bain sold Sealy to KKR for 1.5 billion, Sealy was just taken over Tempur-Pedic for $229 million. Companies with tons of debt on their books generally aren't seen as being worth much on the stock market and Sealy has been a public company since 2005.
 
2012-10-13 09:04:48 PM  

Lost Thought 00: I really can't fault Romney for this. He honestly has no control over the actions of the company, and the company is, properly, only interested in making money, not helping Romney get elected.


Ordinarily, yes, that's probably a correct position to take. However, this is a guy running for president, under the media microscope, and building his entire campaign around the exact opposite of what this company is doing. So at this point I can only conclude that he 1) thinks we're all morons, 2) doesn't care if he gets called out, and maybe 3) cares more about money than anything else, including the presidency. Otherwise he'd be making damned sure his money isn't anywhere near a company doing anything even remotely similar to this. But he didn't do that. Not at all.

Regular guy, sure, maybe you get a pass. Romney playing stupid on this? Not a chance.
 
2012-10-13 09:06:39 PM  

Lost Thought 00: and that particular practice was cracked down upon in the early 2000's,


Horse hockey. The private equity market boom of the mid 2000s was the same thing just under a different name.

it frees up limited labor resources to perform more valuable work

In theory, in actual practice? Not so much.

DoctorCal: How do you figure? It's a simple answer. "Yes."


How do you figure it as a good thing?
 
2012-10-13 09:07:47 PM  

JerkStore: Otherwise he'd be making damned sure his money isn't anywhere near a company doing anything even remotely similar to this.


Problem is, his whole career has been about doing stuff like this. Where he has his money now would be worrying about the horse long after it bolts from the barn.
 
2012-10-13 09:08:13 PM  

WhyteRaven74: DoctorCal: How do you figure? It's a simple answer. "Yes."

How do you figure it as a good thing?


Read the question again.
 
2012-10-13 09:10:22 PM  

DoctorCal: Read the question again.


The question was in reference to the operations of the company, which centers on whether or not doing what the company is doing is good for America.
 
2012-10-13 09:11:01 PM  

tenpoundsofcheese: Gawwwd you guys are desparate Bain is not running the company. They are an investor

Or do you whine about 0bama when GM outsources ?


Well Mittens whines about Solyndra.
 
2012-10-13 09:11:37 PM  

WhyteRaven74: MithrandirBooga: hile at the same time promising to create American jobs

That's something he could have done lots of while running Bain, but he never did it. Instead he'd have Bain buy a company and stick it with hundreds of millions in debt . Like when they bought Sealy, Sealy itself borrowed the money that Bain used to buy it. Yeah, let that sink in for a while. BTW 8 years ago Bain sold Sealy to KKR for 1.5 billion, Sealy was just taken over Tempur-Pedic for $229 million. Companies with tons of debt on their books generally aren't seen as being worth much on the stock market and Sealy has been a public company since 2005.


Exactly. He's running on a campaign of "I'm a businessman. I made millions. Of course I'm going to create jobs!" while completely leaving out the fact that the only reason he made those millions was because he was farking over Americans.

I swear Obama should make a campaign ad that simply shows the number of people Romney is responsible for laying off, and ask "If Romney really wanted to create jobs, why didn't he do it when he was a businessman?"

That would hit home with a lot of people.
 
2012-10-13 09:12:16 PM  

Lost Thought 00: When applied to the right situation, it frees up limited labor resources to perform more valuable work

Dafatone: For that matter, how is Bain's practice of acquiring a company, loading them up with debt, and letting them go bankrupt good for America?

It isn't, and that particular practice was cracked down upon in the early 2000's, though it hasn't been eliminated entirely


LOL, WTF?
 
2012-10-13 09:12:18 PM  

WhyteRaven74: DoctorCal: Read the question again.

The question was in reference to the operations of the company, which centers on whether or not doing what the company is doing is good for America.


I thought the question was "Is this good or bad for America?"
 
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