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President Obama's Bain Capital assault takes an unexpected detour

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  • Johnny Triumph American Fork, UT
    May 21, 2012 10:24 a.m.

    Kudos to this guy for standing up for what's right and not just supporting his party. Attacks merely show a candidate's lack of confidence in himself.

  • chase SL Salt Lake City, UT
    May 21, 2012 10:29 a.m.

    I've read several iterations of this story on a number of news outlets. This article outlines it best.

  • cval Hyde Park, UT
    May 21, 2012 10:46 a.m.

    This is an interesting discussion. Bain was in the business of finding distressed companies. They were already distressed when they bought them. They determined which could be saved and become profitable, and which could not. The ones that could, they saved and then sold them. The ones that could not be saved (bad markets, not competitive, bad location) or whatever were shut down and liquidated.

    Some, like the steel company in question... they tried to save, and invested significant resources in trying to save it. At some point, they determined it could not be saved, so it was liquidated. When liquidating, they did their best to recover as much of their investment as possible. If they were really good, they may have even made a profit.

    So the problem here is: 1) They couldn't save a distressed company, 2) The remaining parts of the company were valuable to stronger companies and so could be sold.

    Remember they invested Millions in the company before deciding it could not be saved.

    I know this is about the campaign, but I am trying to see what there is to be attacked over. Seems like a reasonable business plan.

  • mightymite DRAPER, UT
    May 21, 2012 10:58 a.m.

    Really DNEWS? Do have any respect for the standing president? Your reporting is very off balance. Everything about Romney is good and rosey, but you beat our standing President of The United States of America into the ground. Very shameful for this newspaper and the owners of the paper.

  • ute alumni Tengoku, UT
    May 21, 2012 11:00 a.m.

    It is the messengers as well as the message that is nauseating. obama and his minions have nothing else to talk about. How about how grat you and your administration has done and all of your accomplishments? .......we're still waiting.

  • Rifleman Salt Lake City, Utah
    May 21, 2012 11:05 a.m.

    Re: mightymite DRAPER, UT
    "Really DNEWS? Do have any respect for the standing president?"

    We expect people to earn our respect. While we have respect for the office Obama has proven he isn't capable of the job we hired him to do. He's going to get fired this November.

  • Ralph Salt Lake City, UT
    May 21, 2012 11:12 a.m.

    A candidates personal life should be open for criticism, especially his religious beliefs (see Jeremiah Wright).
    However, criticizing a candidates professional career and his business ethics is hitting way below the belt and is just dirty politics.
    Oh, wait....

  • Linus Bountiful, UT
    May 21, 2012 11:35 a.m.

    How big of a brain does a mite have? Just wondering.

  • DRay Roy, UT
    May 21, 2012 12:00 p.m.

    Obama looks small and petty with the Bain attacks, Joe Biden has always seemed small and petty and very poorly informed...one good reason for not voting for them is that Biden could conceiveably become President! Really, I can't see him leading the country well.

    President Obama, had he done well as President, would need no money for re-election, his actions speaking loud enough over 3 1/2 years of being in office. Those millions in his campaign coffers would be much better spent cutting down the national debt. He is constantly in the media, all of it, and needs no money further, I think we all know who he is by now.

    Mitt will be a far better President. A bit anxious to see who his VP pick will be.

  • Jim Mesa, Az
    May 21, 2012 12:04 p.m.

    I have to agree with Booker, people need to stop attacking the man and focus on attacking the ball. We need to examine policies and solutions.

  • m.g. scott LAYTON, UT
    May 21, 2012 12:07 p.m.

    I don't think this election should be about either Obama or Romneys past. More than most elections, this one will have to be about where we are going to go as a nation in the future. If Obama concentrates on trying to run against Romney based on Romneys past, then you can surmise Obama is trying to hide his record and his goals if re-elected. Neither Romney nor his supporters should engage in attacking Obamas past, but just use the three and a half year record of Obamas presidency as campaign material. That's all Romney should need to win.

  • The Deuce Livermore, CA
    May 21, 2012 12:47 p.m.

    Based on where we are at as a country and as an economy, I want someone in the office that has experiences making the tough choices and cutting waste and promoting things that work. This is where we are at. Pres. Obama has none of these experiences prior to coming on board. He got in way over his head. While I do not blame him for everything, he has not been able to grasp the situation and turn things around either. Yes, it's time for a change and it is not Pres. Obama's type of change.

  • agb Layton, UT
    May 21, 2012 1:39 p.m.

    mightymite:

    How does the DNEWS running a piece on what a fellow democrat says about Obama qualify as "beating Obama into the ground?"

    Oh, and are you 'standing' for this: it's SITTING president.

  • Ldsfan South Jordan, UT
    May 21, 2012 1:48 p.m.

    There are plenty of demons in everyone's closets. When you've been as successful as Romney has been, you tend to step on a few people in the process. Most successful business fail before they make it good and there are casualties of war on occasion. I suppose we'll see more of these attacks over the next five months.

  • The Rock Federal Way, WA
    May 21, 2012 1:50 p.m.

    Obama promised transparency. These lies are very transparent.

    Romney can now take that clip and use it in his commercials. I love freedom of the press. Man I wish we could just get people to tell the truth.

  • Mountanman Hayden, ID
    May 21, 2012 2:09 p.m.

    Original Chinese Proverb - Give a man a fish and he will eat for a day.

    Teach a man to fish and he will eat for a lifetime.



    2012 Revision/update



    Give a man a welfare check, a free cell phone with unlimited free minutes, cash for his clunker, food stamps, section 8 housing, free contraceptives, Medicaid, a hundred weeks of unemployment, a forty ounce malt liquor, free drugs, Air Jordan shoes, and he will vote Democratic for life

  • Hemlock Salt Lake City, UT
    May 21, 2012 2:16 p.m.

    The Obama puppets and sycophants have not gotten their script together. Getting Biden on any page is not easy. Are they returning campaign money from Bain Capital's current CEO?

  • Oh Canada Salt Lake City, Ut
    May 21, 2012 2:35 p.m.

    The rock, there already is a comercial quoting Mayor Booker and Ford. Good for the Romney team!
    I had respect for Booker for his statement, until he was held hostage (?) and had to recant after the white house came down on his head. Too bad, I lost that respect.

    Thanks to Eric for bringing all this together. The problem for the dems is that Romney left Bain Capital 2 years before any of this happened, so how does he still get the blame? Also, the head of Bain now and then when it happened is a bundler for obama. And of course, obama held one of his million fund raisers from headge funders (? word).

    The wash post is now suggesting that Gov Romney might just have some responsibility for the Meadow Mountain Massacre or at least something to do with his character! We all knew this would happen, we have to stay away from the rev wright, but obama's surugates will take on the Mormon religion.
    Heaven help us!

  • AZRods Maricopa, AZ
    May 21, 2012 3:02 p.m.

    So if Mayor Booker is recanting the anti Bain bashing, does that mean R. Wright is also fair game?

    Mighty mite, try reading the article again and see who's bashing the "sitting" president.
    Or you could just read a few other non Utah papers on line and get the same story...

  • raybies Layton, UT
    May 21, 2012 3:07 p.m.

    Obama's a nice guy, I'm sure, because he was a community organizer, and that's really nice, right? But it doesn't fix tough economic conditions. Maybe if we had no financial troubles we could afford to be really nice to everyone who wants a handout from the government. Unfortunately those aren't the times we live in. Our whole economy is in distress.

    The problem with attacking a successful business with a proven track record for fixing companies in distress is that you have to provide an alternative that works better. And well... Obama's had four years to try it his way. It's time to try something different. After four years, if Mitt's way isn't successful, we'll try something else.

  • worf Mcallen, TX
    May 21, 2012 4:10 p.m.

    During his first grade, Romney pulled a girls pigtail.

    Maybe Obama can use that horrific incident for his campaign attacks.

  • David B. Cedar City, UT
    May 21, 2012 4:43 p.m.

    Mr. Booker has it exactly right! There are more pressing needs that need to be dealt with like the economy and jobs, our current president won't talk about because he's such a failure. Mudding up the waters by calling your oppositin names really is a turn off and the more I hear it the more it turns me off and Obama is a turn off. Secondly the families of the potential candidates should be completely off limits period! They aren't the candidates.

  • Utah Girl Vernal, UT
    May 21, 2012 5:00 p.m.

    I wish BOTH sides would quit attacking the other side, and instead focus on their own issues, ideas, proposals, strengths, etc. In the early days of this campaign, I don't think Romney did the negative campaigning. He has been drawn into it out of necessity, for the most part.

  • suzyk#1 Mount Pleasant, UT
    May 21, 2012 5:06 p.m.

    To: Rifleman...good and solid statement as well as TRUE. The Office of President of the United States of America is sacred and Obama has all but destroyed it. I keep praying the American people will wake up, get involved and truly understand and see Obama and his ridiculous cohort Biden for what they are and for what they are doing....nothing but harm to our wonderful country and while we are at it..let's all unite and get Pelosi out too..they are a threesome of deceit.

  • whynot67 Sandy, UT
    May 21, 2012 5:13 p.m.

    Wouldn't it be nice to not be nauseated by politics and campaigns? If the candidates would attack the issues and tell the voters their plan for leading this country then we can make informed decisions and vote for the one we believe is best for the job. I am tired of voting for the least worst because all you ever hear is the attacks. I don't care what they did as kids, I don't care if they inhaled or not. What I want to know is what are you going to do to cure the ills of this great nation. You wont convince me to vote for you by belittling the other candidate. Our leadership has been extremely disappointing for years. Someone give me a reason to vote for the best candidate. We need morals, we need cooperation, we need great minds thinking and working together and end the party politics stalemate in Washington.

  • Serenity Manti, UT
    May 21, 2012 5:20 p.m.

    Mightymite, Deseret News didn't run the president down. It reported exactly what happened. I was wathcing it on CBS news and that's the way it was. In fact, this is a good reporting job which presents the facts fairly and accurately. Did you watch Obama's news conference?

  • I M LDS 2 Provo, UT
    May 21, 2012 5:42 p.m.

    What positive, affirmative solution to America's problems has Romney offered?

    According to this, he has offered a criticism that Obama's criticisms of his record at Bain are "nauseating".

    Now THERE is a platform you can trust in!

    (not)

  • patriot Cedar Hills, UT
    May 21, 2012 5:50 p.m.

    Same ole same ole Obama - attack and smear. Nothing - and I mean nothing about his own miserable economic record but plenty of blame and smear and half truths about Romney. The good news - none of this Obama cheap shot smear will have an effect on voters. Independents will NOT vote for 4 more years of OBama and his economic socialist insanity so the only voters who listen to all this OBama garbage is the OBama zombies who are already voting for the man.

  • Mike in Cedar City Cedar City, Utah
    May 21, 2012 5:54 p.m.

    Understand that Wall Street has been holding markers for Booker, and Ford works for Wall Street. But the issue here is not whether equity capital is good or bad, but rather the issue is that Romney proposes that his experience with Bain Capital qualifies him to be president because he learned how to create jobs. That proposition is simply incorrect.

    Walk his remarks back or not Booker's political career is over, unless he switches parties.

  • The Rock Federal Way, WA
    May 21, 2012 6:10 p.m.

    @mightymite

    "Really DNEWS? Do have any respect for the standing president? Your reporting is very off balance. Everything about Romney is good and rosey, but you beat our standing President of The United States of America into the ground. Very shameful for this newspaper and the owners of the paper."

    Really? The headlines on the DrudgeReport recently stated "Born In Kenya". A picture of Obama was above it. They found a bio of Obama used by his publishing agent from 1991 until 2007 that said Barack Obama was born in Kenya. Such bios are almost always provided by the author and certainly are approved by the author. The DN did not publish it. If they were into bashing Obama they would have. I would have.

    I noticed the left did not show any restraint when attacking Bush and their attacks were frequently far from the truth. The DN just tells wheat happened and the left goes bonkers.

    Is it disrespectful to tell the truth about the President?

    Only if the President's record is as bad as this Presidents.

  • JayTee Sandy, UT
    May 21, 2012 7:03 p.m.

    Real facts are often highly secondary considerations in political elections. Romney will have his work cut out for him until the very end, because too many pseudo-intellectuals in the national media will forever cling to the idea that Obama is the greatest statesman the nation has ever known--completely disregarding all relevant facts, of course.

  • lost in DC West Jordan, UT
    May 21, 2012 7:22 p.m.

    Mightymite,
    No need for the DN to beat BO into the ground, BO’s record is doing it for him.

    AZ Rods,
    No, because Mitt, unlike BO, has too much class to bring up the unreverend.

    I M LDS 2,
    What affirmative solution has Romney offered? I guess you only watch MSNBC. His offer to remove the current mistake from the WH is the most pressing.

    Mike in Cedar,
    Conveniently forgetting the millions BO has raised from wall street and venture capitalists? Romney's experience has made him more qualified than BO with all his years as a commnuity organizer AND his 3-1/2 abysmal years in the WH.

  • A1994 Centerville, UT
    May 21, 2012 9:13 p.m.

    @I M LDS 2

    "What positive, affirmative solution to America's problems has Romney offered?

    According to this, he has offered a criticism that Obama's criticisms of his record at Bain are "nauseating"."

    Now, did you actually read the article? And if you did, did you understand that it was Mayor Booker, a Democrat, who called the attack on Bain Capital nauseating? A Democrat said that, NOT Romney.

    Dear Democrat and Liberal friends, you made a mistake in voting for Obama. The road to recovery begins by admitting your party has a problem. There are cracks all over in Obama's campaign and it is about to break apart. The fact that Mayor Booker spoke his mind and his real opinion is so opposite the Obama campaign ought to give you pause for thought. Obama is going to lose and probably big.

  • ParkCityAggie Park City, Ut
    May 21, 2012 10:31 p.m.

    In this internet age, this article is already outdated. Mayor Booker walked his comments back tonight on MSNBC, and he says don't think I've been bullied to do so and he's upset that the Republican party is using his words which were pointed at the negatively from both parties, and obviously they (the Republican party) didn't get it. So there you go. Now, I love reading the posts and seeing the complete lack of intellectual honesty by many of the people posting, especially by saying that it's Obama running a negative campaign exclusively, which we all know is complete and utter nonsense. All I hear from the right-wing media is ad hominem and straw man attacks on the president. I hear how he has no real plans or solutions and he's running scared with these attacks. Reality is the President looks intelligent questioning Romney on his plans, which he has yet to layout in any detail. What we do know is that he would retain many/most of the Bush era Economic Policies (and we all know where they lead to). Bain wasn't a job creator, it made money for investors.

  • sammyg Springville, UT
    May 21, 2012 11:05 p.m.

    I love how the 'left' often gets caught with its pants down. It's almost an everyday occurence with VP Biden and now this gem.

    Kudos to Mayor Booker for speaking his mind and for the priceless sound bites. Who cares that the Democrats took him 'hostage' afterwards and made him 'spin' a retraction of some sorts later.

    Just having those sound bites was worth it. The damage to the ad campaign is done.

  • The Rock Federal Way, WA
    May 21, 2012 11:11 p.m.

    @ParkCityAggie

    No, you missed the point. The fact that Mayor Booker said what he said in the morning and then completely reversed himself the same day is very telling. Regardless of what he said it is very evident that Booker was pressured into "walking this back".

    Of course Romney is going to use it. It was a rare moment of truth from the left.

  • Schwa South Jordan, UT
    May 21, 2012 11:26 p.m.

    I feel like since the Swift Boat lies were told, the Republicans lost any moral high ground to complain about negative campaigning. This is your bed, you made it.

  • Hutterite American Fork, UT
    May 22, 2012 12:03 a.m.

    DN has exclusive access to the 'bad photo of the president' stock photo collection.

  • worf Mcallen, TX
    May 22, 2012 1:28 a.m.

    'I want all Americans to have a fair shot'--Barack Obama

    Seems like all Americans have the freedom to succeed. What's he talking about?

  • Rifleman Salt Lake City, Utah
    May 22, 2012 6:19 a.m.

    Re: Schwa South Jordan, UT
    "I feel like since the Swift Boat lies were told, the Republicans lost any moral high ground to complain about negative campaigning."

    I feel that since Dan Rather was fired from CBS for attacking President George W. Bush's Texas Air National Guard service record using bogus information from Lt. Bush's former commanding officer, Lt. Col. Jerry B. Killian, the Democrats lost any moral high ground.

    (Note: A bit of sarcasm for those who take anything they hear during an election campaign too seriously.)

  • Furry1993 Clearfield, UT
    May 22, 2012 7:03 a.m.

    Romney and Bain whine when the truth is told about their actions and practices. Kudos to the President for telling the truth about them. We do NOT need the Romney/Bain scorched earth policies applied to the United States.

  • John20000 Cedar Hills, UT
    May 22, 2012 8:31 a.m.

    An attack on Bain is an attack on capitalism itself. Is capitalism coming to an end for the USA?

  • Iron Rod Salt Lake City, UT
    May 22, 2012 8:58 a.m.

    Intersting story about Bain Capital in the news yesterday.

    They were part owners in the theater chain AMC.

    The chain was sold to a main land Chinese corporation called Wanda.

    I guess it does not matter where the profit comes from?

  • IDC Boise, ID
    May 22, 2012 9:12 a.m.

    Shame on Romney for trying to make money. You are supposed to get your money by taking it from those who earned it, not by earning it yourself. Did I get that right Obama?

  • grip Meridian, ID
    May 22, 2012 10:01 a.m.

    It is re-assuring to know the critics of Mitt Romney are being consulted and quoted. If we can keep Joe biden talking, it will make Mitt's job much easier.

  • Canuk SALT LAKE CITY, UT
    May 22, 2012 10:32 a.m.

    ParkCityAggie
    Park City, Ut
    Even some of the dems on msnbc are laughing that Booker had to recant and you can't tell me it didn't come from david axelrod, who was on the tv criticizing before the ink dried. Also, if you read some of the dem responses on face book you would be appalled at the level of attacks (language) at Mayor Booker because he came off the reservation.

    Besides obamacare which took up an entire year, and not allowing the other side to make any suggestions at all, in fact locking the door and closing them out of any meetings, what has obama done to create jobs? How many regulations has he put on businesses that he doesn't like so that they can fail? But those businesses who are run by his bundlers (solydra, light squared etc., etc.) get nearly 1/2 billion + of our tax dollars and they failed, but he put his people in front of the tax payers so that any money goes to them instead of the tax payers.
    Romney was out of Bain for 2 years when the steel company failed. Get a clue!

  • penny 4 thoughts SALT LAKE CITY, UT
    May 22, 2012 11:49 a.m.

    If the 'progressives' cannot discern an unfair lunge of desperation from thoughtful political discourse --and they applaud such an attack -- they are only being blind followers --something the Mormons are accused of doing. At least Mayor Booker had the decency to step away from his politics long enough to call it as it was. Yes, conservatives have been guilty of the same thing at times. Wouldn't it be great if Americans would think for themselves so they could concentrate on the issues and make an informed decision rather than cheering mudslinging?

  • Joan Watson TWIN FALLS, ID
    May 22, 2012 12:11 p.m.

    Political word meanings are intersting. Poor Booker is a great example - state the truth bluntly and clearly, but the aftermath from the powers that be, is one being forced to carefully retred. But such is life. When Hilliary Clinton is caught in a lie, it become "misspoke." When Bill Clinton was proved to lie to the the American public and in a court of law, it became "an inappropriate relationship." When Pres Obama reverses his earlier stand, such as marriage between a man and a woman, it is "rethinking" compared to "flip flopping" charges against Mitt Romney. Seems to one rather deliberate, clever, calculated clouded nuances as in slight, or deliberate variation in meanings.....dont you think?

  • patriot Cedar Hills, UT
    May 22, 2012 2:15 p.m.

    Who really listens or cares what Obama thinks about Bain or any other company? The only ones paying any attention to the man are the zombies who voted for him in 2008 and will blindly do so again in 2012. Independent voters could care less what dumb predictable attacks team Obama creates against Romney - expect this sort of lying sludge to continue until November and only the gullible Obama worshipers care. So - at the end of the day people simply look at their home value and their job security and that about takes care of it - they are ready to vote. A no brainer.

  • patriot Cedar Hills, UT
    May 22, 2012 2:18 p.m.

    re:Mountanman

    great post!! Well said!

  • Iron Rod Salt Lake City, UT
    May 22, 2012 3:28 p.m.

    Re IDC Boise

    In your view is selling a major US corporation to the Chinese(Communist) a proper and patriotic thing to do by Bain Capitol?
    Or is it OK because they can make money off their investment?

    Yesterday AMC Corp was sold by Bain and other investors to Wanda a mainland Chinese Corp.

  • Star Bright Salt Lake City, Ut
    May 22, 2012 7:48 p.m.

    Iron Rod:
    "
    Yesterday AMC Corp was sold by Bain and other investors to Wanda a mainland Chinese Corp."

    Are you telling me that it was sold yesterday, as in May 21, 2012?
    Then what does Romney have to do with it?
    BTW, the person in charge of Bain is an obama bundler. And he had been in charge since Gov Romney left in 1999 to take over the Olympics. That was 2 years before the steel company failed with the same bundler at the helm.

  • cval Hyde Park, UT
    May 23, 2012 12:54 a.m.

    I really hope this is the centerpiece of the Obama campaign. Way too easy to respond to. They will lose if this is the strategy they stick with.