Jon Stewart on Romney’s Bad Bain Business Sense: 22% vs. 8% for Obama & Green Jobs.

Via on Oct 26, 2012

Picking Winners & Losers – The Daily Show with Jon Stewart – 8% of green companies that received stimulus money went bankrupt, 22% of companies Bain invested in while Romney was in charge went bankrupt.

And, remember, the Wall Street Journal, owned by Murdoch, is now partisanly conservative (as opposed to a few years ago, when it was truly, fairly conservative). Other sources say Bain’s failure rate was 30%:

Picking Winners & Losers
At Bain Capital, former top-notch venture capitalist Mitt Romney could pick investment failures better than the federal government.

About Waylon Lewis

Waylon Lewis, founder of elephant magazine, now elephantjournal.com & host of Walk the Talk Show with Waylon Lewis, is a 1st generation American Buddhist “Dharma Brat." Voted #1 in U.S. on twitter for #green two years running, Changemaker & Eco Ambassador by Treehugger, Green Hero by Discovery’s Planet Green, Best (!) Shameless Self-Promoter at Westword's Web Awards, Prominent Buddhist by Shambhala Sun, & 100 Most Influential People in Health & Fitness 2011 by "Greatist", Waylon is a mediocre climber, lazy yogi, 365-day bicycle commuter & best friend to Redford (his rescue hound). His aim: to bring the good news re: "the mindful life" beyond the choir & to all those who didn't know they gave a care. elephantjournal.com | facebook.com/elephantjournal | twitter.com/elephantjournal | facebook.com/waylonhlewis | twitter.com/waylonlewis | Google+ For more: publisherelephantjournalcom

1,139 views

Appreciate this article? Support indie media!

(We use super-secure PayPal - but don't worry - you don't need an account with PayPal.)

7 Responses to “Jon Stewart on Romney’s Bad Bain Business Sense: 22% vs. 8% for Obama & Green Jobs.”

  1. elephantjournal says:

    Judit Maull Bain Capital didn't lose tax payer money. A little different. 8% of 51 billion is a lot of money.

    elephantjournal.com You sure about that, Judit? Who pays unemployment for the 1,000s of employees laid off at dozens of firms? Where will independent energy, free of terrorism and pollution, come from if we don't look to the future and win it?

    elephantjournal.com Also: "When Bain bankrupts a company and abandons a pension fund, the pension payouts are covered by the PBGC, who gets the money from other pension plans insurance premiums, so essentially again the cost is externalized to everyone else." Again, if those companies succeed we get low, clean, domestic energy prices and jobs now for clean, independent energy. There's literally nothing more bipartisan than freeing ourselves of dirty energy from the middle east, or ending oil spills which harm fishing and tourism and the health of our children. And again, as Jon Stewart points out, the GOP gambles (and loses) with our money just as much, if not far more—the economy up by 300% under democratic presidents, the Dow up 67% under Obama, fifth best ever.

    Finally, the total losses were something like $10 billion out of 90 billion…not even close to liar Romney's 50%.

  2. Michael says:

    there's no such thing as tax payer's money. it's all banks' money. all of it. you are borrowing from the banks. hence the banks effectively decide who gets the money…which is buy both candidates have been supported by Goldman Sachs…

    Stewart is still funny after all these years.

  3. cit1 says:

    I hate Romney and Bain capital as much as the next Obama lover, but the clip here compared Obama's success rate based on three years and Bain Capital's on eight.

    I really really really don't like Romney or any of his plans, but it's not fair to compare numbers when the variables don't match up. Five years is a long time when it comes to businesses, especially ones that are seeking funding and are relatively volatile.

    With that said, I'm not a big ran of Stewart, I always feel like he thinks his audience is a bunch of idiots.

  4. [...] for green jobs program, and Romney at Bain capital. The government is kicking Bains ass so far. Jon Stewart on Romney's Bad Bain Business Sense: 22% vs. 8% for Obama & Green Jobs. | elephant j… The Mea Culpa Continuity… Act inappropriately –> apologize incessantly –> perceive [...]

  5. Brian Corral says:

    Bains purchases/support was insured with government money. This is one of the tactics they used to insure that they made money even when a company they supported failed. So yes "government money" was lost.

  6. jeweler says:

    Nice post. I was checking constantly this weblog and I’m inspired! Extremely helpful info particularly the closing part :) I maintain such information much. I used to be seeking this particular info for a long time. Thank you and good luck.

  7. YogaGreen says:

    Thanks Obama! In my opinion Obamee think more green than Romney, Obama is thinking about the future other than Ronney, living green is the future :)

Leave a Reply