quote:

ORIGINAL: Lucylastic
but but but, I thought outsourcing was .... union caused....

quote:

ORIGINAL: mnottertail

Staples went from ONE store to TWO THOUSAND store thanks to Bain... And with those stores came construction jobs, staffing, distribution centers, warehouse workers, and transportation jobs.

and went away again just as quickly, they gave a man a fish for today, and then outsourced the fish.

Even obama got more out of the jobs stimulus than that, for fucks sake.

quote:

Between 1999 and 2001, unsuccessful attempts to enter the telecommunications business were made as Staples created Staples Communications after the purchase of Canada-based company, Claricom, from an investment group. The company was later sold to Platinum Equities and renamed NextiraOne.

By 2001, Staples integrated its e-commerce website to all of its subsidiaries across the world. In 2002, Staples launched Staples Foundation for Learning and acquires Medical Arts Press, which became part of Quill Corporation. By 2004, Staples expanded to Austria and Denmark and in 2007, Staples opened its first store in India. In 2008, Staples acquired Dutch office supplies company Corporate Express, one of the largest office supply wholesalers in the world.[8] Staples also launched 11 concept stores in the New England area featuring a large focus on small business and technology related services.

quote:

Yet another case of ILCS (Idiot Liberal Cry-Baby Syndrome).

quote:

ORIGINAL: subrob1967

quote:

ORIGINAL: mnottertail

Staples went from ONE store to TWO THOUSAND store thanks to Bain... And with those stores came construction jobs, staffing, distribution centers, warehouse workers, and transportation jobs.

and went away again just as quickly, they gave a man a fish for today, and then outsourced the fish.

Even obama got more out of the jobs stimulus than that, for fucks sake.

Wow, wrong again Chum... Romney left Bain in 99, Staples is still in business, and growing...

quote:

Between 1999 and 2001, unsuccessful attempts to enter the telecommunications business were made as Staples created Staples Communications after the purchase of Canada-based company, Claricom, from an investment group. The company was later sold to Platinum Equities and renamed NextiraOne.

By 2001, Staples integrated its e-commerce website to all of its subsidiaries across the world. In 2002, Staples launched Staples Foundation for Learning and acquires Medical Arts Press, which became part of Quill Corporation. By 2004, Staples expanded to Austria and Denmark and in 2007, Staples opened its first store in India. In 2008, Staples acquired Dutch office supplies company Corporate Express, one of the largest office supply wholesalers in the world.[8] Staples also launched 11 concept stores in the New England area featuring a large focus on small business and technology related services.

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

Keep on grasping...

quote:

ORIGINAL: mnottertail
Yup, Chum--- his million dollar loan singlehandedly created the thousands of stores and jobs (many of those overseas) in the same way that St. Wrinklemeat singlehandedly destroyed the Soviet Union, and that banker that gave you a loan for your car singlehandedly created your doughnut empire.

quote:

ORIGINAL: mnottertail

That is cleverly self-referential for the teabaggers position.

You going to build a career with your part-time job (no full time ones) at Staples?

Pissed off at Wal-Mart now?   

quote:

ORIGINAL: dcnovice

dull

quote:

ORIGINAL: subrob1967

quote:

ORIGINAL: mnottertail

That is cleverly self-referential for the teabaggers position.

You going to build a career with your part-time job (no full time ones) at Staples?

Pissed off at Wal-Mart now?   

I could always go work for the local pawn shop...

Keep grasping, the desperation is delicious.

quote:

ORIGINAL: MasterSlaveLA

 
Baroccoli O'Failure's Unfortunate Truth...


Obama Is America's Biggest Job Outsourcer

Jobs: The same president who used stimulus dollars to build electric cars in Finland and sought to be Brazil's best oil customer now complains the GOP nominee built his career outsourcing jobs. At least he created some.

President Obama's re-election campaign released an ad Tuesday saying Mitt Romney "shipped American jobs to places like Mexico and China" when he led the investment firm Bain Capital.

The $780,000 ad buy in the key swing states of Ohio, Iowa and Virginia was in response to an ad by the free-market group Americans for Prosperity (AFP) noting the administration's penchant for wasting taxpayer money in support of green energy companies, particularly those overseas or with foreign owners.

Among other things, AFP noted, the Obama administration approved a plan by electric car company Fisker to use part of its $529 million federal stimulus loan guarantee to build its manufacturing facility, and the 500 jobs it supports, in Finland.

Now comes Obama's counterattack — an odd charge since he seeks to block the Keystone XL pipeline from Canada that would create 20,000 jobs fast and hundreds of thousands of jobs in an economic ripple effect.

This is also an administration that applauded the U.S. Export-Import Bank's plan to loan Brazil's state-run Petrobras $2 billion, with the promise of more to follow, at a time when Obama was railing against tax incentives for U.S. oil companies and still is.

With an offshore drilling ban in effect off both coasts, Alaska's continental shelf, ANWR and much of the Gulf of Mexico, with a de facto moratorium covering the rest, Obama told the Brazilians: "We want to help you with the technology and support to develop these oil reserves safely, and when you're ready to start selling, we want to be one of your best customers."

Obama's forced dependence on foreign oil — while we leave vast reserves in the ground — has resulted in the acceleration of the greatest transfer of job-creating wealth overseas in history to the tune of hundreds of billions annually.

Why we can't be our own best energy company, keeping jobs and cash here, is the fault of a president beholden to groups opposed to any American oil drilling.

Recently, Government Motors, aka GM, whose international headquarters are in Shanghai, announced it would be developing an electric car platform with its longtime Chinese partner, Shanghai Automotive Industrial Corp. (SAIC).

Obama has no problem with that.

As part of doing business in China, GM, which became virtually a wholly owned subsidiary of the U.S. government, must share its taxpayer-subsidized technology with Beijing as a cost of doing business there, including the tech used in the heavily subsidized Chevy Volt.

State-of-the-art battery technology developed by Ener1, which had a $118 million stimulus funded credit line before it went bankrupt — and was supposed to rejuvenate the American auto industry — is now owned outright by Boris Zingarevich, a Russian businessman with ties to Russian President Dmitry Medvedev.

One of the administration's latest green boondoggles is a $773 million loan for Severstal North America to expand and retool the old Rouge steel mill in Dearborn, Mich., to make high-strength steel needed to make lighter, more fuel-efficient cars.

The problem is that this kind of steel is already being produced in sufficient quantities, including by Severstal, and the company getting the loan is owned by Russian billionaire Alexei Mordashov. As one of the world's richest men with a net worth estimated at $19 billion, he hardly should be the recipient of our subsidy.

Mitt Romney and Bain Capital oversaw the creation of tens of thousands of jobs by companies like Staples, Sports Authority and Domino's Pizza.

Obama would maintain the highest corporate tax rate in the world, a job-outsourcing energy policy, expand job-killing regulations, impose job-killing ObamaCare and the Buffett Rule, which would penalize job-creating risk takers and entrepreneurs.

It is Obama who is outsourcing American jobs and downsizing the American economy.

Source: http://news.investors.com/article/610113/201205021856/obama-accuses-romney-of-outsourcing-jobs.htm?p=full

quote:

ORIGINAL: MrRodgers

partisan bullshit here

quote:

ORIGINAL: Lucylastic

http://www.nytimes.com/2012/06/23/us/politics/companies-ills-did-not-harm-romneys-firm.html?_r=1
Cambridge Industries, an automotive plastics supplier whose losses had been building for three consecutive years, finally filed for bankruptcy in May 2000 under a mountain of debt that had ballooned to more than $300 million.
Yet Bain Capital, the private equity firm that controlled the Michigan-based company, continued to religiously collect its $950,000-a-year “advisory fee” in quarterly installments, even to the very end, according to court documents.

In all, Bain garnered more than $10 million in fees from Cambridge over five years, including a $2.25 million payment just for buying the company, according to bankruptcy records and filings with the Securities and Exchange Commission. Meanwhile, Bain’s investors saw their $16 million investment in Cambridge wiped out.

That Bain was able to reap revenue from Cambridge, even as it foundered, was hardly unusual.

The private equity firm, co-founded and run by Mitt Romney, held a majority stake in more than 40 United States-based companies from its inception in 1984 to early 1999, when Mr. Romney left Bain to lead the Salt Lake City Olympics. Of those companies, at least seven eventually filed for bankruptcy while Bain remained involved, or shortly afterward, according to a review by The New York Times. In some instances, hundreds of employees lost their jobs. In most of those cases, however, records and interviews suggest that Bain and its executives still found a way to make money.

Mr. Romney’s experience at Bain is at the heart of his case for the presidency. He has repeatedly promoted his years working in the “real economy,” arguing that his success turning around troubled companies and helping to start new ones, producing jobs in the process, has prepared him to revive the country’s economy. He has fended off attacks about job losses at companies Bain owned, saying, “Sometimes investments don’t work and you’re not successful.” But an examination of what happened when companies Bain controlled wound up in bankruptcy highlights just how different Bain and other private equity firms are from typical denizens of the real economy, from mom-and-pop stores to bootstrapping entrepreneurial ventures.

quote:

finally filed for bankruptcy in May 2000

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ORIGINAL: Lucylastic

LOL given that companies don't go bankrupt overnight, I think you are retching.... no thats not a misspelling

quote:

ORIGINAL: RemoteUser

quote:

ORIGINAL: Lucylastic
but but but, I thought outsourcing was .... union caused....

And here I thought the government was a union unto themselves.

(What? Canada can't be the only ones doing it!)

Arturas: NAFTA shafted Canada worse. Americans outsource, Canadians outsource and deplete their resources simultaneously. When NAFTA was proposed I was one of the grass-roots Canadians who campaigned against it. I still believe to this day that it was a bad idea all around, and that only a few pockets made it out alive.

And as a general Captain Obvious moment to no one in particular, outsourcing is everywhere. I work in a call centre. We've outsourced during my entire tenure, which is creeping on up towards a decade. (Not bad in the current times.)