From Newt Gingrich
“he’s gonna have to explain why would Bain have taken $180 million out of a company and then have it go bankrupt, and to what extent did they have some obligation to the workers? Remember, these were a lot of people who made that $180 million, it wasn’t just six rich guys at the top, and yet somehow they walked off from their fiduciary obligation to the people who had made the money for them.”
I can understand the first sentence of that statement as a politician’s populist political attack on a rival by implying ruthless business tactics to knock his poll numbers down.Fair game in politics.
But it looks like someone knocked Newt out after the first sentence of the statement and a union chief and the head of the DNC wrote the rest of the second sentence.
Newt sure sounds conflicted.
Not so sure about that - I seem to recall Henry Ford expressing pretty much the same sentiments at various times in his rather capitalistic career.
Nope. He is telling you what the common man will be told and will think on his own anyway. He's warning you what to expect from the Obama machine for about three months straight if Romney is nominated. The 'rats know all this and more. Newt isn't giving away any secrets.
I know there are a lot of quivering conservatives now who want to stick their heads in the sand and pretend Romney is as clean as he says he is, because they are secretly beginning to think we will get Romney after all, once the sound and fury is over.
Newt is just saying "get ready, if you nominate Romney this is what you can expect."
he’s gonna have to explain why would Bain have taken $180 million out of a company and then have it go bankrupt, and to what extent did they have some obligation to the workers?
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The company was failing, that is why Bain was able to buy it cheap. The hope was they could turn it around, this was one of the 22% they were not able to turn around. Bain did the best they could to make sure that it wasn’t one of the 8% they lost their money on.
You win some and you lose some.
As far as an obligation to the employees, there is none. You hire people to make you money, if they can’t make you money you let them go. Newt would have us believe that Bain should have spent their investment on continuing salaries to the employees until Bain went under. This is what the left and Socialist preach, it is wrong.
In the end Bain did more good than bad. They make money when they do it right not when they don’t.
As far as I’m concerned this has nothing to do with Romney it is all about a Republican running for office, POTUS at that, that doesn’t even understand at the most basic level the way business works.