Romney won't be vetted on Bain, unless he wins the nomination, then he will be destroyed by the demonrats along with the GOP downstate candidates. They'll all be running from the party nominee if he wins it. Frankly, Rush did a really wrong thing here with his last two days of programming with his willingness to accept the premise that attacking Romney on Bain was an attack on capitalism.
I fear we may live to regret that.
1 posted on
01/11/2012 1:45:25 PM PST by
Lakeshark
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To: onyx
2 posted on
01/11/2012 1:46:17 PM PST by
Lakeshark
To: Lakeshark
3 posted on
01/11/2012 1:48:35 PM PST by
onyx
(PLEASE SUPPORT FREE REPUBLIC - DONATE MONTHLY! If you want on Sarah Palin's Ping List, let me know!)
To: Lakeshark
Shame we have so many zealous, wannabe Capitalistas here at FR and elsewhere, who adamantly defend Bain Capital's manner of shuck and jive financial paper shuffling as exemplary acts of free-market enterprise.
Even
ZeroHedge doesn't defend Romney's record as a 'capitalist':
"Lately, Bain founder and GOP presidential candidate Mitt Romney has found himself in a spirited defense of the private equity industry, doing all he can to spin decades of data which confirm, without failure, that PE Leveraged Buy Outs are nothing but "efficiency maximizing" transactions whose only goal is the "maximization" of EBITDA in the pursuit of dividend recap deals, IPOs or outright sales, while loading up the company with untenable amounts of leverage. All this with a 3-5 year investment horizon, which ignores the long-term viability of a company and seeks to streamline (read fire as many as possible) operations as quickly as possible in the goal of maximizing short-term returns. We wish him luck in his endeavor."
If commenting on the business practices of firms like Bain Capital is somehow an "attack on capitalism", then it's no small wonder that Capitalism losing the war of ideas. Thanks, guys!
4 posted on
01/11/2012 1:53:15 PM PST by
Utmost Certainty
(Our Enemy, the State | Gingrich 2012)
To: Lakeshark
Newt was wrong.
I really like the guy, but this brought back memories of Newt on the couch with Nancy, and Newt praising FDR.
Newt has a very bad habit of using the language and premise of the LEFT!
There is no gain for the conservative movement to be had in surrendering our values to the anti-capitalists and Socialists.
5 posted on
01/11/2012 1:54:12 PM PST by
Kansas58
To: Lakeshark
“Capitalism” is Karl Marx's word.
“Free Enterprise” is American and Newt Gingrich is all for Free Enterprise and also for capitalism in the way the majority of us define it.
The GOP-E, Faux News, the GOP punditry are all in the tank for Romney.
Only MSNBC'snasty hosts and commentators understand that Newt was right and that the democrats are dying to run against Romney. Simultaneously sad, sick and funny.
6 posted on
01/11/2012 1:55:42 PM PST by
onyx
(PLEASE SUPPORT FREE REPUBLIC - DONATE MONTHLY! If you want on Sarah Palin's Ping List, let me know!)
To: Lakeshark
I think Gingrich has accomplished what needed to be accomplished with the Bain ads and it’s fine to move on now. Romney has still not come forward and explained his actions and some of these deals (or the bailout) and Gingrich needs to keep challenging him to do so. But the ads have at least caused people to ask questions about Romney, who was skating through scot free before.
As for Rush, I was very disappointed in him. There is no way the attack on Romney’s work at Bain could be interpreted as an attack on capitalism, even by the most cursory reading, and sometimes I think that in the last couple of years (ever since he married the new babe, perhaps?) Rush has been slipping and doesn’t really prepare his shows very carefully anymore. He shoots from the lip, as they say.
The problem is that he established himself as being very authoritative in earlier years, when he actually did do a lot of research, so many people are confused now by his unfounded rants and it is very easy for him to unleash a meme, accidentally or on purpose.
7 posted on
01/11/2012 1:56:28 PM PST by
livius
To: Lakeshark
8 posted on
01/11/2012 1:57:06 PM PST by
deport
To: Lakeshark
If Conservatives don’t vet Romney on Bain, then the moderates and independents will.
12 posted on
01/11/2012 1:59:33 PM PST by
dfwgator
(Don't wake up in a roadside ditch. Get rid of Romney.)
To: Lakeshark
You can’t win in a fight with someone with 400-600 affiliates, control of the clock, your ability to speak and the ability to have the final word no matter what.
To: Lakeshark
This argument never was tenable, it was stupid from the outset, and the problem with Newt is that he went ahead and put it out there without realizing that.
19 posted on
01/11/2012 2:08:20 PM PST by
bigbob
To: Lakeshark
I have a question for the Romney defenders, how did his Bain experience make him a better Governor of Massachusetts?
28 posted on
01/11/2012 2:16:03 PM PST by
dfwgator
(Don't wake up in a roadside ditch. Get rid of Romney.)
To: Lakeshark
Rush and Hannity are both looking out for number 1.
"Clear Channel Communications, Inc. is an American media conglomeratecompany headquartered in San Antonio, Texas.[3] It was founded in 1972 by Lowry Mays and Red McCombs, and ken private by Bain Capital LLC and Thomas H. Lee Partners LP in a leveraged buyout in 2008.[4] Clear Channel specializes in radio broadcasting, concert promotion and hosting, and fixed advertising in the United States through its subsidiaries. After 21 years, Mark Mays stepped down as President and CEO of Clear Channel on June 23, 2010.[5] Mays will remain as Chairman of the Board, a position he has held for a year prior. The Board has engaged Egon Zehnder International, a leading executive search firm, to lead the search for a new CEO"
Everybody has a price. Clear Channel Premier employs them.
Rush Limbaugh Renews Long-Term Contract With Premiere Radio Networks and Clear Channel Radio as He Celebrates 20 Years On Air and KOMO 4 Television Wins National Edward R. Murrow Award for Overall Excellence
Follow the money.....
Mitt Romney founded Bain & Co. in 1984, and today its spinoff -- Bain Capital -- is the
third largest private equity firm in the country. Today
they bought ClearChannel, a company that owns over 1100 radio stations and 30 TV stations.
This is why media consolidation issues are so important. One rich guy who wants to be president can buy a media empire overnight. Now of course, Romney will argue that he didnt buy Clear Channel, his private equity company Bain Capital did. And of course, there is no conflict of interest because Romney doesnt tell Bain Capital what to do as hes no longer officially with the company.
Still, seeing as how Clear Channel hosts Rush Limbaugh, Glenn Beck, and Sean Hannity and controls over 1,000 TV and radio stations nationwide, does anyone here really think Romney wont use this newfound pedestal to promote his candidacy, however subtly?
40 posted on
01/11/2012 2:25:04 PM PST by
greyfoxx39
(Let's not vet Mitt w/Bain so Obama can do it all summer. /sarc)
To: Lakeshark
Add me to the list of people who will attack anybody who attacks Romney’s record at Bain.
Attack him for anything else. But not that.
58 posted on
01/11/2012 2:42:21 PM PST by
impimp
To: Lakeshark
So add Bain to the list of things we cannot discuss, for fear of being labeled anti-capitalistThe problem with bringing up Bain is that in doing so, one is bringing up the biggest advantage of success that Mitt Romney has over his opponents. In an election year where the economy is the most important issue, do you really want to tip voters off that Mitt Romney has quite a bit of success at saving jobs in the private sector?
60 posted on
01/11/2012 2:45:24 PM PST by
Hoodat
(Because they do not change, Therefore they do not fear God. -Psalm 55:19-)
To: Lakeshark
It happens every election, but the Republicans never learn.
First they “select” the candidate they want us to nominate based on who will be easiest to destroy in the general election, then they cozy up to their “favorite” to help him through the nomination process — and incidentally destroy any actual Conservative who might get too popular...
THEN, once “their” guy is safely nominated, the rip off their masks, whip out their knives and shred the nominee with carefully saved and honed attacks.
They did it with Dole, they did it with McCain, they’re doing it with Romney.
Sigh...
They don’t call Republicans the “Stupid Party” for nothing.
61 posted on
01/11/2012 2:46:26 PM PST by
Ronin
(If we were serious about using the death penalty as a deterrent, we would bring back public hangings)
To: Lakeshark
Agree, Rush was pushing so hard seemed he was also protecting the establishment pick.
Back during the Bain Capital time, I think the term was corporate raider. They would burden a company with large amounts of debt, and usually many pink slips.
63 posted on
01/11/2012 2:51:20 PM PST by
opentalk
To: Lakeshark
68 posted on
01/11/2012 3:04:59 PM PST by
familyop
(We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
To: Lakeshark
.
Lakeshark,
There's substantial evidence (as reported by the Wall Street Journal) that Mitt Romney-Bain Capital "did in fact" financially "rape and pillage" some corporations ...
WITHOUT A THOUGHT to cleaning up their business.
Care to argue with Wall Street Journal about that ?
Newt Ginrich's Press Release today (2012-01-11) about Mitt Romney and Bain Captital's "Vulture Capitalism" ....
Spartanburg, SC Newt 2012 released the following statement from Press Secretary R.C. Hammond responding to misleading reports on an exchange Newt Gingrich had with a voter in Spartanburg, SC
Regarding Mitt Romneys record at Bain Capital (during which the phrase I crossed the line was never uttered from Newt, despite the headline from Politico):
This issue at hand is neither about Bain Capital, private equity firms, nor about capitalism.
It is about Mitt Romneys judgment and character. It was Governor Romneys decision to base his candidacy, in large part, on his background as a portfolio manager.
Thus, it is entirely legitimate to ask questions about whether he is accurately presenting how he conducted himself during that career.
Reports by the Wall Street Journal and others contradict Governor Romney's claims that it was his goal at Bain Capital to make companies more successful.
In fact, there were cases where Bain Capital made huge profits and left companies bankrupt.
Further reports have cast doubt on Governor Romney's claim that he was responsible for 100,000 jobs being created thanks to his work at Bain Capital.
Instead of accepting the responsibility to answer questions about his business background, the Romney campaign is throwing up a smokescreen about an attack on capitalism.
Thats just more pious baloney from Mitt Romney and his campaign.
====================================
As usual, Newt Gingrich "nailed it" perfectly ...
We're now (breathlessly) waiting for Mitt Romney's response ...
... including releasing his Federal Income Tax Returns ...
.
71 posted on
01/11/2012 3:10:01 PM PST by
Patton@Bastogne
(Newt Gingrich and Sarah Palin in 2012 !)
To: Lakeshark
Well, it was a very messy divorce ...
75 posted on
01/11/2012 3:27:14 PM PST by
x
To: Lakeshark
Just remember conservatives, we aren’t allowed to discuss Bain, TARP, the GM bailout, abortion, Mormonism, or any Romney flip flops for the next five years if Romney is elected. Our GOP Overlords have spoken.
82 posted on
01/11/2012 3:58:08 PM PST by
FastCoyote
(I am intolerant of the intolerable.)
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