Posted on 01/11/2012 2:34:37 PM PST by Libloather
Newt Gingrich is a Socialist and his supporters are Socialists.
They do not understand Capitalism.
Let companies run their businesses in the best way they see fit.
It is very revealing the way Newt is dancing around this mess. It is the same way he dances around everything else. He is always either apologizing for everything he did before he was a candidate or he is dancing. It’s like when he said his $1.6 million payoff from Fannie Mae was “free enterprise.”
Newt is a slimy character. Please do not believe anything he says.
Newt and his supporters do not understand capitalism and free enterprise. They are underneath essentially socialists.
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It’s a lot of things but it’s NOT capitalism when Vulture Willard goes unpunished for looting taxpayers..some have gone to jail for much less.
BUT why should American taxpayers have to be forced to pay for Willard’s business incompetence and greed?
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Workers were denied the severance pay and health insurance they’d been promised, and their pension benefits were cut..
What’s more, a FEDERAL GOVERNMENT insurance agency had to PONY UP $44 MILLION TO BAIL OUT the company’s underfunded pension plan.
Nevertheless, Bain profited on the deal, receiving $12 million on its $8 million initial investment and at least $4.5 million in consulting fees.
http://legalinsurrection.com/2012/01/bain-drip-drip-drip/
The Wall Street Journal analysis is ALSO devastating for Willard the Vulture/Lib at Bain.. (Google it)
Adding insult to injury, Bain would hide its profits in tax havens, not even paying the rate it was supposed to on the profits it made laying off workers.
Let’s see how the taxpayers feel about bailing out these companies’ pension funds and receiving no tax money back from Bain. Let’s let the people decide what they think of bailing out Romney.
Bottom line again: Why should American taxpayers have to be forced to pay for Willard’s business incompetence and greed?
"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."Shame we have so many wannabe Capitalistas here at FR and elsewhere, who adamantly defend this kind of shuck and jive financial paper shuffling as exemplary acts of free-market enterprise.
You are completely wrong. I support Newt and find him to be closest to Reagan when it comes to the economy, individual rights, and turning this country around and back onto the RIGHT track.
Newt is no socialist, and neither am I. You might want to reconsider your judgemental attitude, or at least remove that plank from your eye first.
“Let companies run their businesses in the best way they see fit.”
Madoff and Milken 100% agree with you.
Letting the taxpayers pony up for Vulture Willard’s greed is NOT capitalism. But it could be criminal.
Let the voters decide THAT now or in November. Either way, Willard the Lib is toast. And I’m fine with THAT.
BUT why should American taxpayers have to be forced to pay for Willard’s business incompetence and greed?
Sorry to inform you about this, but everything that Romney did that you talked about *is* legitimate capitalism.
It's okay to fire people to make your company more profitable. It's okay to collect insurance. It's okay to legally take advantage of government handouts.
Newt called his $1.6 million payoff/bribe from Fannie Mae "free enterprise." Sorry, but that is *not* free enterprise or capitalism.
The Socialist Gingrich supporters and Newt Gingrich himself will never understand this. They are dangerous. They cannot be let anywhere near the presidency.
(Note: I *hate* Romney, but Gingrich might actually be more dangerous.)
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“shuck and jive financial paper shuffling”
Is exactly what Willard was doing too often.
The democrats would use this against Romney IF he gets the nomination whether it has been raised as an issue by his Republican primary opponets or not. As Romney himself would say “if you can’t stand the heat” Where was all the outrage when the anti-Newt ads containing lies were being spread by the Romney PAC and Romney maintained after being challenged to stop the lies he lied by saying it was illegal for him to make a public statement to those who were doing it to stop, the fcc said he had the freedom of speech to do this and he choose to ignore that. He must think we’re all idiots.
Again, this shows a dangerous lack of understanding of Capitalism by the Gingrich supporters.
That is exactly what The Left would say. You belong on the Daily Kos, not Free Republic.
No one has shown anything Romney did to be illegal. His actions might have been mean, unfair, viscous and greedy, but those are words the Socialist use against Capitalism.
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FEDERAL GOVERNMENT insurance agency had to PONY UP $44 MILLION TO BAIL OUT the company’s underfunded pension plan.
Nevertheless, Bain profited on the deal, receiving $12 million on its $8 million initial investment and at least $4.5 million in consulting fees.
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So you defend this and expect anyone to take you seriously?
IOW we paid for Mitt and his boys’ yachts.
BTTT............Perfectly Explained! It’s not illegal what mittens did, but it sure was unethical. He should definitely NOT be rewarded for it.
Bingo!!
Hear! Hear! Sometimes the enemy of your enemy is not your friend... Newt is a fraud, and its about time people opened their eyes to it.
Of course the Democrats would use this against Romney. THEY ARE SOCIALISTS. They don't like Capitalism. They don't understand Capitalism.
Republicans need to defend Capitalism, free enterprise and free markets. Unfortunately, Gingrich and his supporters are acting just like the Socialists.
As a long time fighter against The Left, I know what a Socialist sounds like.
Newt Gingrich and his misguided supporters sound exactly like and are making the exact same arguments I have been hearing from the Socialists for decades. They are Socialists.
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More Socialist arguments!
What Mitt did to run his business in the best way possible was not unethical! Laying off people and the other actions are not unethical!
That is Capitalism!
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