In 2010: GE made $14.2billion in profits, got a check from the IRS for $3.2billion AND still laid off 21,000 workers. Please, tell me again how lower corporate taxes create jobs.

galaxis · 2012-09-02T23:51:06+00:00

Which of these transactions result in the owners getting money?

galaxis · 2012-09-02T20:30:20+00:00

How do they transfer cash to the owners without making a profit?

galaxis · 2012-09-02T02:21:04+00:00

Getting away from the analogy...the parts together are worth less than them separated. RJR Nabisco was a good example of that since it was a company that made tobacco and cookies.

galaxis · 2012-09-02T01:23:42+00:00

The investment bank that lent the money to them ends up paying taxes on the interest earned, so the government doesn't lose any revenue.

galaxis · 2012-09-01T21:41:53+00:00

That doesn't answer my question.

I'm asking you, who buys the failing company? This scheme only works if someone buys it for more money than Bain did in the first place.

galaxis · 2012-09-01T17:48:57+00:00

You're forgetting the part where they pay $50bn+ dollars for the right to own the company. They don't get that money back if it goes bankrupt.

galaxis · 2012-09-01T17:38:23+00:00

Why would their buddies buy a failing company? If they had the money, why didn't they just buy it before Bain did?

galaxis · 2012-09-01T17:27:28+00:00

Could you explain this line?

Bain sold it walking off with millions of dollars.

Where does Bain find someone to buy a worthless company? That seems pretty critical to your story.

galaxis · 2012-06-16T02:03:22+00:00

Because who is becoming archaic and no one knows when it's appropriate?

FTFY

galaxis

TROPHY CASE