Union pension plans invest 220b in private equity firms

Here's my understanding, please feel free to correct me because it's based on few facts and considerable hearsay.

Bain took companies and either restructured them to be more solid and profitable in order to sell them again at a higher price, or liquidated the company's assets to turn a profit if the company was beyond saving.

We have a government that is grossly inefficient, and could use some restructuring to become more lean and efficient. Some programs are simply beyond repair and will need to be scrapped complely.

Why would Romney's experience at restructuring not be a valuable asset to our contry at this time?

Nobody that matters wrote: Here's my understanding, please feel free to correct me because it's based on few facts and considerable hearsay.

Bain took companies and either restructured them to be more solid and profitable in order to sell them again at a higher price, or liquidated the company's assets to turn a profit if the company was beyond saving.

We have a government that is grossly inefficient, and could use some restructuring to become more lean and efficient. Some programs are simply beyond repair and will need to be scrapped complely.

Why would Romney's experience at restructuring not be a valuable asset to our contry at this time?

Right... and why is it acceptable for unions and private firms to invest their benefit portfolios in equity firms and realize a profit from the same sort of business that the left is trashing Romney over? Equity firm...

A private equity firm is an investment manager that makes investments in the private equity of operating companies through a variety of loosely affiliated investment strategies including leveraged buyout, venture capital, and growth capital. Often described as a financial sponsor, each firm will raise funds that will be invested in accordance with one or more specific investment strategies.

http://en.wikipedia.org/wiki/Private_equity_firm

Union pension plans are vest at about 220 billion right now in these equity firms... and a big part of the financial returns in these investments are from equity firms. The same type of firms that Romney helmed while at Bain Capital.

Someone show me the difference?

Not only do private companies, private unions and public unions realize a monetary return from equity firms... so does the Obama campaign...

Ben LaBolt, an Obama campaign spokesman, can't answer questions about why President Obama will take money from private equity firms while at the same time bash Mitt Romney for his association with Bain Capital. Key parts of the segment are transcribed below.

http://www.realclearpolitics.com/video/ ... omney.html

Ben LaBolt has no answer for things like this...

Obama Courts Private Equity Cash at New York Fundraiser

On the same day his campaign launched an attack on Mitt Romney‘s record in private equity, President Obama is attending a big-dollar fundraiser at the Manhattan home of one of the industry’s top figures.

http://abcnews.go.com/blogs/politics/20 ... undraiser/

So... this speaks to my question that NO LEFTY on 285 Bound has been able to answer "What makes one side of the coin "private equity firms can make good money for their investors" so different from "vulture capitalists like Romney?" He ran an equity firm. Union invested equity firms "good," campaign contributions from private equity sources "good," but Romney's equity firm "bad."" What's the difference?

archer wrote: There is no doubt that private equity firms can make good money for their investors...as can vulture capitalists like Romney....
The thought of electing someone to the presidency whose prime focus in his life has been to make money for himself and other wealthy investors definitely concerns me. Leopards do not change their spots just because they get elected to public office. Seriously....where do you think Romney's loyalty will be? To the wealthy in America or the workers who desperately need jobs?

Ok... let's turn the tables a bit on this. Can you or anyone else on 285 Bound tell me what the employment credentials are for Obama in regards to his knowledge or running a business? His credentials for managing money, payrolls, budgets, hiring, firing, managing employees?

The Liberals GOP Twin wrote:

archer wrote: There is no doubt that private equity firms can make good money for their investors...as can vulture capitalists like Romney....
The thought of electing someone to the presidency whose prime focus in his life has been to make money for himself and other wealthy investors definitely concerns me. Leopards do not change their spots just because they get elected to public office. Seriously....where do you think Romney's loyalty will be? To the wealthy in America or the workers who desperately need jobs?

Ok... let's turn the tables a bit on this. Can you or anyone else on 285 Bound tell me what the employment credentials are for Obama in regards to his knowledge or running a business? His credentials for managing money, payrolls, budgets, hiring, firing, managing employees?

Twin, as usual you miss the point. He experience as governor matters, his business background (good or bad) is mostly irrelevant.
Running a company has nothing in common with being a politician or statesman.
Reagan, FDR, Kennedy, Bush (both),Clinton had no real business background.
We have become enamored with running the gov like a biz. They are completely different animals that require a different skill set.
I ran a fairly large biz. yet in all honesty I'd make a terrible low level local politician,let alone a high level one.
His background, except for his time in public office, means nothing.
I doubt anyone could name a great entrepreneur that was ever a successful pol.
I have met some great high tech biz people and although they were smart and capable would drive the country into ruin if they were prez. Read the Bio of Steve Jobs, He created wealth and jobs, not Presidential material.
You are barking up the wrong tree and I hope the country doesn't fall for this nonsense.

jmc wrote:

The Liberals GOP Twin wrote:

archer wrote: There is no doubt that private equity firms can make good money for their investors...as can vulture capitalists like Romney....
The thought of electing someone to the presidency whose prime focus in his life has been to make money for himself and other wealthy investors definitely concerns me. Leopards do not change their spots just because they get elected to public office. Seriously....where do you think Romney's loyalty will be? To the wealthy in America or the workers who desperately need jobs?

Ok... let's turn the tables a bit on this. Can you or anyone else on 285 Bound tell me what the employment credentials are for Obama in regards to his knowledge or running a business? His credentials for managing money, payrolls, budgets, hiring, firing, managing employees?

Twin, as usual you miss the point. He experience as governor matters, his business background (good or bad) is mostly irrelevant.
Running a company has nothing in common with being a politician or statesman.
Reagan, FDR, Kennedy, Bush (both),Clinton had no real business background.
We have become enamored with running the gov like a biz. They are completely different animals that require a different skill set.
I ran a fairly large biz. yet in all honesty I'd make a terrible low level local politician,let alone a high level one.
His background, except for his time in public office, means nothing.
I doubt anyone could name a great entrepreneur that was ever a successful pol.
I have met some great high tech biz people and although they were smart and capable would drive the country into ruin if they were prez. Read the Bio of Steve Jobs, He created wealth and jobs, not Presidential material.
You are barking up the wrong tree and I hope the country doesn't fall for this nonsense.

That's not what I asked. And some of what you responded with is opinion. I asked for a factual answer, not opinions.

Take a stab at this...

Ok... let's turn the tables a bit on this. Can you or anyone else on 285 Bound tell me what the employment credentials are for Obama in regards to his knowledge of running a business? [/b][/i] His credentials for managing money, payrolls, budgets, hiring, firing, managing employees?

It's rather simple... could be answered with a yes or no. If you're being honest.

The Liberals GOP Twin wrote:

jmc wrote:

The Liberals GOP Twin wrote:

archer wrote: There is no doubt that private equity firms can make good money for their investors...as can vulture capitalists like Romney....
The thought of electing someone to the presidency whose prime focus in his life has been to make money for himself and other wealthy investors definitely concerns me. Leopards do not change their spots just because they get elected to public office. Seriously....where do you think Romney's loyalty will be? To the wealthy in America or the workers who desperately need jobs?

Ok... let's turn the tables a bit on this. Can you or anyone else on 285 Bound tell me what the employment credentials are for Obama in regards to his knowledge or running a business? His credentials for managing money, payrolls, budgets, hiring, firing, managing employees?

Twin, as usual you miss the point. He experience as governor matters, his business background (good or bad) is mostly irrelevant.
Running a company has nothing in common with being a politician or statesman.
Reagan, FDR, Kennedy, Bush (both),Clinton had no real business background.
We have become enamored with running the gov like a biz. They are completely different animals that require a different skill set.
I ran a fairly large biz. yet in all honesty I'd make a terrible low level local politician,let alone a high level one.
His background, except for his time in public office, means nothing.
I doubt anyone could name a great entrepreneur that was ever a successful pol.
I have met some great high tech biz people and although they were smart and capable would drive the country into ruin if they were prez. Read the Bio of Steve Jobs, He created wealth and jobs, not Presidential material.
You are barking up the wrong tree and I hope the country doesn't fall for this nonsense.

That's not what I asked. And some of what you responded with is opinion. I asked for a factual answer, not opinions.

Take a stab at this...

Ok... let's turn the tables a bit on this. Can you or anyone else on 285 Bound tell me what the employment credentials are for Obama in regards to his knowledge of running a business? [/b][/i] His credentials for managing money, payrolls, budgets, hiring, firing, managing employees?

It's rather simple... could be answered with a yes or no. If you're being honest.

No but so what! Your point is so off base and frankly dumb. read the above.

jmc wrote:

The Liberals GOP Twin wrote:

jmc wrote:

The Liberals GOP Twin wrote:

archer wrote: There is no doubt that private equity firms can make good money for their investors...as can vulture capitalists like Romney....
The thought of electing someone to the presidency whose prime focus in his life has been to make money for himself and other wealthy investors definitely concerns me. Leopards do not change their spots just because they get elected to public office. Seriously....where do you think Romney's loyalty will be? To the wealthy in America or the workers who desperately need jobs?

Ok... let's turn the tables a bit on this. Can you or anyone else on 285 Bound tell me what the employment credentials are for Obama in regards to his knowledge or running a business? His credentials for managing money, payrolls, budgets, hiring, firing, managing employees?

Twin, as usual you miss the point. He experience as governor matters, his business background (good or bad) is mostly irrelevant.
Running a company has nothing in common with being a politician or statesman.
Reagan, FDR, Kennedy, Bush (both),Clinton had no real business background.
We have become enamored with running the gov like a biz. They are completely different animals that require a different skill set.
I ran a fairly large biz. yet in all honesty I'd make a terrible low level local politician,let alone a high level one.
His background, except for his time in public office, means nothing.
I doubt anyone could name a great entrepreneur that was ever a successful pol.
I have met some great high tech biz people and although they were smart and capable would drive the country into ruin if they were prez. Read the Bio of Steve Jobs, He created wealth and jobs, not Presidential material.
You are barking up the wrong tree and I hope the country doesn't fall for this nonsense.

That's not what I asked. And some of what you responded with is opinion. I asked for a factual answer, not opinions.

Take a stab at this...

Ok... let's turn the tables a bit on this. Can you or anyone else on 285 Bound tell me what the employment credentials are for Obama in regards to his knowledge of running a business? [/b][/i] His credentials for managing money, payrolls, budgets, hiring, firing, managing employees?

It's rather simple... could be answered with a yes or no. If you're being honest.

No but so what! Your point is so off base and frankly dumb. read the above.

The "dumb" part of your statement is once again only your opinion. But you answered the one question that could be answered with a factual response.

NO... [/b] Obama has no employment credentials in his regard to his knowledge of running a business? [/b][/i] His credentials for managing money, payrolls, budgets, hiring, firing, managing employees (other then his personal staff) is non-existent.

The Liberals GOP Twin wrote:

jmc wrote:

The Liberals GOP Twin wrote:

jmc wrote:

The Liberals GOP Twin wrote:

archer wrote: There is no doubt that private equity firms can make good money for their investors...as can vulture capitalists like Romney....
The thought of electing someone to the presidency whose prime focus in his life has been to make money for himself and other wealthy investors definitely concerns me. Leopards do not change their spots just because they get elected to public office. Seriously....where do you think Romney's loyalty will be? To the wealthy in America or the workers who desperately need jobs?

Ok... let's turn the tables a bit on this. Can you or anyone else on 285 Bound tell me what the employment credentials are for Obama in regards to his knowledge or running a business? His credentials for managing money, payrolls, budgets, hiring, firing, managing employees?

Twin, as usual you miss the point. He experience as governor matters, his business background (good or bad) is mostly irrelevant.
Running a company has nothing in common with being a politician or statesman.
Reagan, FDR, Kennedy, Bush (both),Clinton had no real business background.
We have become enamored with running the gov like a biz. They are completely different animals that require a different skill set.
I ran a fairly large biz. yet in all honesty I'd make a terrible low level local politician,let alone a high level one.
His background, except for his time in public office, means nothing.
I doubt anyone could name a great entrepreneur that was ever a successful pol.
I have met some great high tech biz people and although they were smart and capable would drive the country into ruin if they were prez. Read the Bio of Steve Jobs, He created wealth and jobs, not Presidential material.
You are barking up the wrong tree and I hope the country doesn't fall for this nonsense.

That's not what I asked. And some of what you responded with is opinion. I asked for a factual answer, not opinions.

Take a stab at this...

Ok... let's turn the tables a bit on this. Can you or anyone else on 285 Bound tell me what the employment credentials are for Obama in regards to his knowledge of running a business? [/b][/i] His credentials for managing money, payrolls, budgets, hiring, firing, managing employees?

It's rather simple... could be answered with a yes or no. If you're being honest.

No but so what! Your point is so off base and frankly dumb. read the above.

The dumb part is once again only your opinion. But you answered the one question that could be answered with a factual response.

NO... [/b] Obama has no employment credentials in his regard to his knowledge of running a business? [/b][/i] His credentials for managing money, payrolls, budgets, hiring, firing, managing employees (other then his personal staff) is non-existent.

As usual you didn't bother to read a reasonable answer to the issue.
I am not here to please you, on the contrary, to you for the bullying nitwit you are and expose your ignorance.
Good night

The Liberals GOP Twin wrote:

jmc wrote:

The Liberals GOP Twin wrote:

jmc wrote:

The Liberals GOP Twin wrote:

archer wrote: There is no doubt that private equity firms can make good money for their investors...as can vulture capitalists like Romney....
The thought of electing someone to the presidency whose prime focus in his life has been to make money for himself and other wealthy investors definitely concerns me. Leopards do not change their spots just because they get elected to public office. Seriously....where do you think Romney's loyalty will be? To the wealthy in America or the workers who desperately need jobs?

Ok... let's turn the tables a bit on this. Can you or anyone else on 285 Bound tell me what the employment credentials are for Obama in regards to his knowledge or running a business? His credentials for managing money, payrolls, budgets, hiring, firing, managing employees?

Twin, as usual you miss the point. He experience as governor matters, his business background (good or bad) is mostly irrelevant.
Running a company has nothing in common with being a politician or statesman.
Reagan, FDR, Kennedy, Bush (both),Clinton had no real business background.
We have become enamored with running the gov like a biz. They are completely different animals that require a different skill set.
I ran a fairly large biz. yet in all honesty I'd make a terrible low level local politician,let alone a high level one.
His background, except for his time in public office, means nothing.
I doubt anyone could name a great entrepreneur that was ever a successful pol.
I have met some great high tech biz people and although they were smart and capable would drive the country into ruin if they were prez. Read the Bio of Steve Jobs, He created wealth and jobs, not Presidential material.
You are barking up the wrong tree and I hope the country doesn't fall for this nonsense.

That's not what I asked. And some of what you responded with is opinion. I asked for a factual answer, not opinions.

Take a stab at this...

Ok... let's turn the tables a bit on this. Can you or anyone else on 285 Bound tell me what the employment credentials are for Obama in regards to his knowledge of running a business? [/b][/i] His credentials for managing money, payrolls, budgets, hiring, firing, managing employees?

It's rather simple... could be answered with a yes or no. If you're being honest.

No but so what! Your point is so off base and frankly dumb. read the above.

The "dumb" part of your statement is once again only your opinion. But you answered the one question that could be answered with a factual response.

NO... [/b] Obama has no employment credentials in his regard to his knowledge of running a business? [/b][/i] His credentials for managing money, payrolls, budgets, hiring, firing, managing employees (other then his personal staff) is non-existent.

Yep and The King still hasn't learned anything.