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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Don Hurst who wrote (662332)	7/16/2012 11:03:39 PM
From: longnshort	1 Recommendation Read Replies (1) \| Respond to of 1580210

tomorrow we find out Obama is not a citizen, omygosh and you voted for a non citizen, that's makes you a traitor

To: Don Hurst who wrote (662332)	7/16/2012 11:04:37 PM
From: longnshort	2 Recommendations Respond to of 1580210

Staples: A Bain Backed Success Story. One That Obama's Team Seems To Like.Obama hates Bain, but loves Bain-backed Staples While their candidate is out bashing Mitt Romney's Bain Capital as a job outsourcer and greedy corporate raider, President Obama's campaign is endorsing the essence of one of Bain's biggest success stories, low-price office supply store Staples. Created in a 1986 partnership with Bain during Romney's leadership at the private equity firm, Staples was so successful Bain received a near seven-fold return on its investment and Romney sat on the Staples board of directors for over a decade. The idea was a simple one: sell office supplies for less and direct to companies and everyday Americans. Team Obama turns out to be a big fan, spending $17,963.04 at Staples this year alone, according to Federal Election Commission reports. The Obama campaign just doesn't walk into stores to shop, it also participates in the Staples Advantage business-to-business market where a majority of the spending went. And the endorsement of Bain-backed super-stores doesn't end there. The campaign in February also spent $199.99 at Sports Authority which the Romney firm also backed.

To: Don Hurst who wrote (662332)	7/16/2012 11:05:19 PM
From: longnshort	2 Recommendations Respond to of 1580210

Mitt Romney-Led Bain Funded Steel Dynamics' Success Since emerging as the Republican front-runner, Mitt Romney has been pilloried as a corporate raider and greedy destroyer of working-class jobs because he once headed private equity firm Bain Capital. A new video by a political action committee with ties to rival presidential candidate Newt Gingrich portrays Romney as someone who plundered companies for their assets, left them in debt and ruined countless lives of ordinary Americans. That's not the view at Fort Wayne, Ind.-based Steel Dynamics ( STLD), where Bain invested just as the company was getting off the ground in 1994. Today, Steel Dynamics is the fifth-largest U.S. steel maker, employing 6,437 workers, according to Chairman and just-retired CEO Keith Busse. Mitt Romney, pictured in Palm Beach, Fla., on Thursday, helped form Bain Capital in 1984. View Enlarged Image That number includes about 4,000 new jobs, with the rest coming via acquisitions. But it goes further than that, Busse says. For every steel worker directly employed, there are three or four jobs created by a network of suppliers. He estimates the total employment base as the result of Steel Dynamics' success at around 25,000. "They were great to work with," Busse recalled of Bain. "They were good providers of financial knowledge. They put people into deals who were very savvy. They could tell you what to do and what not to do." To this day, Bain managing director Paul Edgerley remains on Steel Dynamics' board, although Bain has long since sold its interest. "We value Paul's advice," Busse said. "We've often asked ourselves what would we do if he left the board." Steel Dynamics was founded by Busse and two other industry veterans in 1993 with plans for a plant in Butler, Ind. They were looking for venture capital to help them. "It normally takes two years to make a steel plant profitable," Busse recalled. "We didn't have two years. We were running out of money." GE Capital ( GE) was interested, but CEO Jack Welch told Busse he didn't want to fund the whole thing because it would be the biggest gamble GE had ever taken on a startup. Welch brought in Bain, which investigated the project. Busse said he met with Romney. Bain liked the deal and invested $18.3 million. "Their general strategy is to exit early," Busse said. Bain later sold its stake for $104 million, according to a 2000 prospectus from Deutsche Bank. The private equity firm should have held on longer. Steel Dynamics went public in November 1996, finishing its first month of trading with a split-adjusted price of 4.56 a share. The stock reached a peak of 40.92 in June 2008 for a gain of 797%. Romney formed Bain Capital with a half-dozen other MBAs in 1984. As consultants with Bain & Co., they were frustrated that the companies that hired them wouldn't follow their advice. What better way to put a company on the path to prosperity than own the company, they thought. Starting with just $37 million, the new firm provided venture capital money to young companies or took charge of distressed corporations and tried to turn them around. "It's a risky strategy from the start because you're already dealing with distressed companies," an industry insider told IBD. "If you're successful in one out of 10 cases, you're doing quite well. The goal isn't to create jobs. It's to build a successful company. Ultimately, that translates into more jobs." While Bain Capital lost its entire investment in some endeavors, it was spectacularly successful with others. Romney likes to recount his investment in Staples ( SPLS) . In 1986, supermarket executive Thomas Stemberg wanted a business that would be an inexpensive one-stop center for office supplies. Starting with an initial investment of $650,000 from Bain, Stemberg opened his first store in Brighton, Mass. Romney served on the board of directors. Today, Staples promotes itself as the world's largest office-supply business with 90,000 employees in 26 countries. In the early days, it was common for Bain partners to help run or even head companies in which they invested. The firm's first investment was troubled Las Vegas-based Key Airlines. Coleman Andrews became CEO. A $2 million investment turned into $5.4 million when the airline was sold a few years later. The airline later filed for bankruptcy. One of Bain's biggest successes in its early days was Accuride, the wheel-making unit of Firestone Tires. A $2.6 million investment grew to $61.2 million by the time the company was sold.

To: Don Hurst who wrote (662332)	7/16/2012 11:05:50 PM
From: longnshort	2 Recommendations Respond to of 1580210

Staples Co-Founder on Support of Mitt Romney May 16, 2012- 5:22 - Staples co-founder Tom Stemberg on how Mitt Romney helped in the company’s success and is the best candidate to help the economy. video.foxbusiness.com

To: Don Hurst who wrote (662332)	7/16/2012 11:06:28 PM
From: longnshort	4 Recommendations Respond to of 1580210

I see you watch that idiot lesbian's show. lolol what a loser you are

To: Don Hurst who wrote (662332)	7/16/2012 11:53:01 PM
From: Brumar89	3 Recommendations Respond to of 1580210

Nah, I haven't been following that ... don't see how any of it matters. Now as for Obama's direct association with crooks like Rezko and Blago, I think that's a bit more relevant, don't you Dimwit?

To: Don Hurst who wrote (662332)	7/17/2012 1:01:55 AM
From: TopCat	3 Recommendations Read Replies (1) \| Respond to of 1580210

Yes, it's worth comparing the candidates.... I thought this was interesting. I was glad to read about Bain Capital especially after the Obama ads with the poor old lady who lost her job after Bain Capital closed her factory. You may not like/approve the data, and that’s OK, but at least they are available. A refreshing concept. Personal Information: His full Name is: Willard Mitt Romney He was Born: March 12,1947 and is 65 years old. His Father: George W. Romney, former Governor of the State of Michigan He was raised in Bloomfield Hills, Michigan He is married to Ann Romney since 1969; they five children. Education: B.A. from Brigham Young University, J.D. and M.B.A. from Harvard University Religion: Mormon - The Church of Jesus Christ of the Latter-Day Saints Working Background: After high school, he spent 30 months in France as a Mormon missionary. After going to both Harvard Business School and Harvard Law School simultaneously, he passed the Michigan bar exam, but never worked as an attorney. In 1984, he co-founded Bain Capital a private equity investment firm, one of the largest such firms in the United States . In 1994, he ran for Senator of Massachusetts and lost to Ted Kennedy. He was President and CEO of the 2002 Winter Olympic Games. In 2002, he was elected Governor of the State of Massachusetts where he eliminated a 1.5 billion deficit. Some Interesting Facts about Romney: Bain Capital, starting with one small office supply store in Massachusetts, turned it into Staples; now over 2,000 stores employing 90,000 people. Bain Capital also worked to perform the same kinds of business miracles again and again, with companies like Domino's, Sealy, Brookstone, Weather Channel, Burger King, Warner Music Group, Dollarama, Home Depot Supply, and many others. He was an unpaid volunteer campaign worker for his dad's gubernatorial campaign 1 year. He was an unpaid intern in his dad's governor's office for eight years. He was an unpaid bishop and state president of his church for ten years. He was an unpaid President of the Salt Lake Olympic Committee for three years. He took no salary and was the unpaid Governor of Massachusetts for four years. He gave his entire inheritance from his father to charity. Mitt Romney is one of the wealthiest "self-made men" in our country but has given more back to its citizens in terms of money, service and time than most men. In 2011 Mitt Romney gave over $4 million to charity, almost 19% of his income.... Just for comparison purposes, Obama gave 1% and Joe Biden gave $300 or .0013%. Mitt Romney is Trustworthy: He will show us his birth certificate He will show us his high school and college transcripts. He will show us his social security card. He will show us his law degree. He will show us his draft notice. He will show us his medical records. He will show us his income tax records. He will show us he has nothing to hide. Mitt Romney's background, experience and trustworthiness show him to be a great leader and an excellent citizen for President of the United States. You may think that Romney may not be the best representative the Republicans could have selected. At least I know what religion he is, and that he won't desecrate the flag, bow down to foreign powers, or practice fiscal irresponsibility. I know he has the ability to turn this financial debacle that the current regime has gotten us into. We won't like all the things necessary to recover from this debt, but someone with Romney's background can do it. But, on the minus side, He never was a "Community Organizer", never took drugs or smoked pot, never got drunk, did not associate with communists or terrorists, nor did he attend a church whose pastor called for God to damn the US. You should know the difference between the men running for America's top office. Does Obama/Biden deserve 4 more years? Pass this on...Stupid is what stupid does!