Free Republic
Browse · Search
News/Activism
Topics · Post Article

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)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Utmost Certainty

Seems to me that the definition of capitalist now includes promoting taxpayer bailouts and depending on taxpayer bailouts. We can thank Rush for that too since he declared Romney the capitalist and Gingrich the anti-capitalist.


9 posted on 01/11/2012 1:58:03 PM PST by abigailsmybaby ("To understan' the livin', you got ta commune wit' da dead." Minerva)
[ Post Reply | Private Reply | To 4 | View Replies ]

To: Utmost Certainty
Without Bain’s involvement, nearly all of the companies Bain became involved with would no longer exist.
Bain gets involved when a company is ALREADY IN TROUBLE!

I like Newt, Perry and Santorum before I would support Mitt in the Primary.

However, I REFUSE to allow stupid attacks on capitalism to go unpunished or uncorrected.

Newt was wrong.

11 posted on 01/11/2012 1:58:34 PM PST by Kansas58
[ Post Reply | Private Reply | To 4 | View Replies ]

To: Utmost Certainty

Romney = Gordon Gekko.


36 posted on 01/11/2012 2:23:13 PM PST by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
[ Post Reply | Private Reply | To 4 | View Replies ]

To: Utmost Certainty

Your last statement is spot on.

Face it, Willard would have to be found to be George Soros’ sex slave before many here would start to ask questions about his ethics or business practices. I honestly think if it was discovered tomorrow that he alone ran Enron and Solyndra and did all the paperwork for the GM and Chrysler bailouts people would defend him on the grounds of he’s a “capitalist”.


81 posted on 01/11/2012 3:54:39 PM PST by chickenlips (Mitt Romney, Obama's ticket to term 2)
[ Post Reply | Private Reply | To 4 | View Replies ]

To: Utmost Certainty

The only criticism of capitalist companies allowed is after they fail. See Enron, GF Global, Madoff.


84 posted on 01/11/2012 3:59:10 PM PST by Revolting cat! (Let us prey!)
[ Post Reply | Private Reply | To 4 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson