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On Mitt Romney's Defense Of Bain Capital And The Private Equity Industry - Here Are Some Facts
Zero Hedge ^ | January 10, 2012 | Tyler Durden

Posted on 01/10/2012 9:26:42 AM PST by Zakeet

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To: RoosterRedux

Romney has yet to show his conscience
_____________________________________

He has none to show...

thats why my butt is LOL


81 posted on 01/10/2012 7:53:39 PM PST by Tennessee Nana
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To: CainConservative
There are thousands of union pension plans that will eventually get government insurance programs that bail them out. I imagine that the unfunded pension liability existed for a decade before Bain bought it and if Armco had just shut it down, the same insurance would have kicked in.

Look, I am not trying to support Romney, but the details of these types of issues give the true meaning and without looking at them we are letting the leftist media set the agenda.

I have sensible concern for management and administrative employees, union factory workers and investors. The articles are written only from viewpoint of sole concern for union factory workers.

Additionally, I know union factory workers at this exact plant that lost some of their pension benefits. I have driven by this plant a thousand times and my dad did contracts within the plant -- I have some first hand awareness.

I care nothing for Mitten's and his drive for the nomination. I want a conservative. But I won't sing the talking points of the leftists in dirt on Romney. There is a detailed back story to this and a site like this is where conservatives should go for detail understanding, not just learning how to parrot a hit piece.

82 posted on 01/11/2012 9:13:30 AM PST by KC Burke
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To: KC Burke

Why did Willard the Vulture pocket $12 mil+ out of the company and leave the taxpayers (me and you) with a $40 mil debt that had to be paid? Not to mention the 700 employees he screwed over. That’s pure greed. Wait, that’s WHY he did it!

Makes sense from the Wall Street guy who was pro TARP bailouts from the get-go. Screw Main Street again and again...

The good news = Vulture Willard aka Obama-lite will never be elected president

The bad news = Obama will : (


83 posted on 01/11/2012 2:16:39 PM PST by CainConservative (Newt/Santorum 2012 with Cain, Huck, Bolton, Parker, Watts, Duncan, & Bachmann in Newt's Cabinet)
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To: All

the incredible lack of understanding of venture capital is mind boggling.


84 posted on 01/11/2012 2:20:45 PM PST by newnhdad
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To: chuckee

I was not trying to question exactly what Romney and/or Bain did/have done in any particular case; on moral or any other grounds.

I was accepting that that type of position - a moral question - is maybe what Newt thought he was doing, and he may have had some particular Bain deal/deals in mind.

And, without justifying Newts position, or not, I accept that it is possible to make moral value judgments (would you invest in illegal drugs just because it was “profitable”; or would you fund an abortion clinic, just because it was lucrative; and some people, for moral reasons will not invest in the legal gambling industry - on moral grounds, in spite of how profitable it can be).

Capitalism may be all about “profit” or ROI, but human beings are (or ought at least ought to be) moral creatures whose life and value judgments are not always just about the economics of our choices. We spend money and refuse to spend money, not just because it is, or is not, the best deal, but because of our values, which can include what we consider our morals as well.

I was not trying to suggest that the government should enter this question, as socialists would - deciding (regulating pro/con) any “moral” question about anything that we do/is done with our money. No. But, as individuals and within our own liberty we can, we may, and sometimes we do.

I am not disputing the superiority of Capitalism, in terms of the pure economic factors in a decision. But “pure” economics is not the only value system that guides the choices human beings make.


85 posted on 01/11/2012 4:57:35 PM PST by Wuli
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To: Wuli
Capitalism may be all about “profit” or ROI, but human beings are (or ought at least ought to be) moral creatures whose life and value judgments are not always just about the economics of our choices. We spend money and refuse to spend money, not just because it is, or is not, the best deal, but because of our values, which can include what we consider our morals as well.

Straight out of Adam Smith's 'The Theory of Moral Sentiments', that OTHER book Adam Smith wrote.

86 posted on 01/11/2012 5:01:02 PM PST by dfwgator (Don't wake up in a roadside ditch. Get rid of Romney.)
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To: dfwgator

“Straight out of Adam Smith’s ‘The Theory of Moral Sentiments’, that OTHER book Adam Smith wrote.”

I’ll take you word for it. I, personally, never read it.

The one thing I do know about Adam Smith (which I gathered from just reading him) was that a lot of what he said came in part because he had some great insights, and in part because he excelled at taking the time to stop, consider, and think things through clearly, and dispassionately.


87 posted on 01/11/2012 5:34:22 PM PST by Wuli
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Speaker Gingrich led Republicans...the results:

* Four consecutive balanced budgets
* $500 billion cut
* Major welfare reform
* 11 million new jobs
* 4% unemployment


88 posted on 01/13/2012 11:34:07 AM PST by CainConservative (Newt/Santorum 2012 with Cain, Huck, Petraeus, Parker, Watts, Duncan, & Bachmann in Newt's Cabinet)
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ARG South Carolina 2012 GOP Primary Poll

•Mitt Romney 29% [31%] (22%) {25%} [25%] (18%)
•Newt Gingrich 25% [24%] (33%) {8%} [3%] (9%)
•Ron Paul 20% [9%] (8%) {7%} [2%] (1%)
•Rick Perry 9% [2%] (8%) {15%} [6%]
•Rick Santorum 7% [24%] (1%) {1%} [2%] (1%)
•Jon Huntsman 1% [2%] (3%) {0%} [0%] (0%)
•Other 2%
•Undecided 7% [7%] (12%) {12%} [15%] (11%)
(more…)

Rasmussen South Carolina 2012 GOP Primary Poll

•Mitt Romney 28% [27%] (23%)
•Newt Gingrich 21% [18%] (15%)
•Rick Santorum 16% [24%] (1%)
•Ron Paul 16% [11%] (5%)
•Rick Perry 6% [5%] (9%)
•Jon Huntsman 5% [2%] (1%)
•Some other candidate 1% [2%]
•Undecided 8% [11%]


89 posted on 01/13/2012 11:41:53 AM PST by CainConservative (Newt/Santorum 2012 with Cain, Huck, Petraeus, Parker, Watts, Duncan, & Bachmann in Newt's Cabinet)
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Hmmm….

Speaker Gingrich-led Republicans….the result:

* Four consecutive balanced budgets
* Over $500 billion of debt paid off
* Major welfare reform accomplished
* 11 million new jobs for America
* Unemployment falling to under 4%.


90 posted on 01/13/2012 12:06:55 PM PST by CainConservative (Newt/Santorum 2012 with Cain, Huck, Petraeus, Parker, Watts, Duncan, & Bachmann in Newt's Cabinet)
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Strike one = Romneycare with the public option, intrusive mandates, death panel exchanges, and massive federal subsidies including subsidized $50 abortions through Planned Parenthood

Strike two = Willard appointing tons of ulta-liberal judges

Strike three = 47 in job creation as governor


91 posted on 01/13/2012 12:18:58 PM PST by CainConservative (Newt/Santorum 2012 with Cain, Huck, Petraeus, Parker, Watts, Duncan, & Bachmann in Newt's Cabinet)
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Hmmm….

Speaker Gingrich-led Republicans….the result:

* Four consecutive balanced budgets
* Over $500 billion of debt paid off
* Major welfare reform accomplished
* 11 million new jobs for America
* Unemployment falling to under 4%.

Governor Willard-led.....the result:

Strike one = Romneycare with public option, intrusive mandates, death panel exchanges, and massive federal subsidies including subsidized $50 abortions through Planned Parenthood

Strike two = Flagrantly appointing tons of ulta-liberal judges

Strike three = A pathetic 47th in job creation as a massive business tax increasing governor after first, shipping American jobs to China for many years as a Bain executive


92 posted on 01/13/2012 2:02:59 PM PST by CainConservative (Newt/Santorum 2012 with Cain, Huck, Petraeus, Parker, Watts, Duncan, & Bachmann in Newt's Cabinet)
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I too, hated both Mclame and Willard the Lib in 2008 as well. I remember Huck hitting Willard about Bain in both IA and SC. And the result was Huck’s combined total of 64% versus Willard’s measly 39% (2008: 25% IA and 14% SC).

“Romney reminds you of the guy who fired you and sent your job to mainland China for two bucks an hour! And then as a governor was a disastrous 4th from last nationwide in job growth.”


93 posted on 01/13/2012 4:21:14 PM PST by CainConservative (Newt/Santorum 2012 with Cain, Huck, Petraeus, Parker, Watts, Duncan, & Bachmann in Newt's Cabinet)
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Hmmm….

Speaker Gingrich-led Republicans….the result:

* Voting on each of the Contract with America items
* Four consecutive balanced budgets
* Over $500 billion of debt paid off
* Major welfare reform accomplished
* 11 million new jobs for America
* Unemployment falling to under 4%.


94 posted on 01/13/2012 6:26:40 PM PST by CainConservative (Newt/Santorum 2012 with Cain, Huck, Petraeus, Parker, Watts, Duncan, & Bachmann in Newt's Cabinet)
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To: Zakeet

95 posted on 01/13/2012 6:34:40 PM PST by show
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To: Opinionated Blowhard
"The companies in which Bain invested raped for the pension funds of the workers were not thriving companies that could have operated as they had in the past." Your effort to cover for this lying scumbag vulture is disgusting. What Romeny did may have been legal, but it was the right thing to do and I think you know it, and that's part of why you're trying to switch the focus. Disgusting
96 posted on 01/13/2012 6:53:05 PM PST by MHGinTN (Some, believing they cannot be deceived, it's impossible to convince them when they're deceived.)
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To: CainConservative
Speaker Gingrich-led Republicans….the result: * Voting on each of the Contract with America items * Four consecutive balanced budgets * Over $500 billion of debt paid off * Major welfare reform accomplished * 11 million new jobs for America * Unemployment falling to under 4%.
97 posted on 01/14/2012 2:19:39 PM PST by CainConservative (Newt/Santorum 2012 with Cain, Huck, Petraeus, Parker, Watts, Duncan, & Bachmann in Newt's Cabinet)
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To: CainConservative
* Four consecutive balanced budgets
* Over $500 billion of debt paid off

When were those balanced budgets?

When did the National Debt decrease $500 billion?

According to the US Treasury, the National Debt hasn't decreased in any fiscal year since about 1957.

98 posted on 01/14/2012 3:01:55 PM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: CainConservative
* Four consecutive balanced budgets
* Over $500 billion of debt paid off

When were those balanced budgets?

When did the National Debt decrease $500 billion?

According to the US Treasury, the National Debt hasn't decreased in any fiscal year since about 1957.

99 posted on 01/14/2012 3:03:56 PM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: CainConservative
* Four consecutive balanced budgets
* Over $500 billion of debt paid off

When were those balanced budgets?

When did the National Debt decrease $500 billion?

According to the US Treasury, the National Debt hasn't decreased in any fiscal year since about 1957.

100 posted on 01/14/2012 3:05:10 PM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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