What a 2012



In 2012, President Obama ran his reelection campaign  against Mitt Romney, his Republican challenger,  who was saying he (ROMNEY) should be elected because he had more business experience, and that made him more qualified to fix the economy.   

This is for dogs everywhere

A few years earlier former governor of Mass. Mitt (President of Bain Capital) was a renowned Wall Street so called business fixer. Actually his company was a stock manipulator and stock investor.  As an example,  they took over a  company in a very promising field, medical technologies.  The company's name was Baxter and after making himself president of Baxter, he changed the company's name to Dade International and in the first year from the company's assets, they took out of the company $100,000,000.00. (100 Mil) To pay themselves for what they were doing to Baxter. Nice huh?  Then after that move, using stock, they acquired the company's two largest competitors in a hipper dipper stock manipulation. This made the new Dade International the largest company in the field of medical technologies.  It was a Wall Street text book example of how to grow a company without growing the company. Streictly using stock and Wall Street techniques.    Knowledge of how to actually run the company was not necessary because their goal was to make money for Bain and their partners.  And that they did, in just about four years, they made $400 million for Bain alone.  Did he have to be smart?  Oh yeah.  But smart enough to run a Country like the USA?  If you mean like Cheney and Co., people who tell their followers how important it is to balance the budget and put the country on a sound economic footing, in order to get elected, and then when they get in charge, they don't even try do it. What they do do is,  feed the assets of the country, including a trillion dollar surplus, directly to their rich supporters.  (Like he did with Baxter) You only have to contrast the condition of the country when President Clinton and the Democrats left  office with the condition of the country when the Republicans left office.
In about the same amount of time Romney was with Baxter,  Obama, our new president, was able to get congress to pass a national health care bill  along with some other stuff.  Regardless of your opinion on ObamaCare, it ranks way up there in the 'degree of difficulty' of political things to get done.. When Clinton was elected he was able to get get his financial program for the country passed (thank the lord and Clinton) without any support from the GOP, none. 100% of Republicans in congress voted against a program that produced a balanced budget and a trillion dollar surplus.  Like Clinton, Obama, for his national health care program, also had 100% of the GOP congress members voting against him..  Yes the Democrats at that time  were  a majority in congress, but remember, some Democrats were very beholden to the insurance industry. If you paid attention you saw what happened. . . . . It was not an easy task.
So, while Romney was making $400 million for Bain, using tactics, and firing employees, (over 1,700), and depleting the company's assets, an action to make manipulating Dade's stock prices much easier, Obama, after  going head to head with McCain, was now dealing with obstructionist's, tactics including sound bites on anything to make him look incompetent.  No easy job. 
Dick Cheney and the GOP had left the country in a financial free fall into a bottomless pit.
And then the election was over, and the Obama administration came in.  He was needing to stop the bleeding  and get the economy going.. And, while making that effort, he had other things to do, you know, like putting Bin Laden in the bottom of the ocean, droning out a lot of Al Qaida leaders and a whole host of other stuff.    But the Republicans they were so mad we had a black man in the white house they openly said, "We will not vote for anything that will help him (the black guy) get reelected."  Saying that openly for public consumption is unbelievable, but typical of their arrogance which I guess they need to continue to entice those who send money to them.
But I got away from my first question which was, did the Dade International result qualify Romney to lead the country.  Lets look back at the facts of what happened at Dade International.

Vultures cant help themselves.

There is no question the tactics used to  make $400 million for Bain and Goldman Sachs, led Dade International to the bankruptcy court.   And when they got there they got a surprise.  The debt holders threatened Romney with law suits and forced Mitt and Bain etc., to give up all their considerable remaining ownership of Dade stock (after legally stealing $400, mil, they still owned considerable stock?) and they also gave the company more than $65 million dollars. Then Romney's board members were removed and  some investment money was added. With a new president and board  of directors , they  started running the company the way they thought Romney was interested in doing.  Running the company like a business.  Not as a carcass for vultures.
After about the same amount of time Romney had used, when he was in charge, the  company was sold to an international company, Seimans, for $7 billion dollars.  And at the time of the sale, the company now  had more than 6000 employees.  One characteristic Romney result was what Romney said during the campaign, about this result.  Romney said he was responsible for what happened to Dade International because if he had not taken the company to brink, bankruptcy court, they would never have been forced to take the actions they took which resulted in the turnaround.     If you didn't know what chutzpah was before, you  know it now. 
So, yes, Bain made over $400 million, an awful lot of money, but Romney and Bain did not make the almost $2 billion they could have made if Romney was the capable individual he was trying to sell to the voters.  He was indeed the winner of the Republican primary.  Fortunately, we all saw the 'quality' of the potential leaders of our country, put forth by the GOP.  Where the hell do they find such 'leaders'?  Its even questionable if the best or worse candidate in the primary, won.

(Sources:  NY Times & Google.  If you do use Google; put in  'Bain and Dade International')

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