“Gotta lay off people to save the company”.
Isn’t that precisely what we want Romney to do to the bloated federal bureaucracy?
These are the kinds of games the democrats play - the liberal democrats and the media and the Occupy nuts. It is surprising that it is being touted here on a supposedly conservative website.
Anyway, it’s backfiring big time.
Sometimes Mitts pillaging ended up that the taxpayers had to fork over millions of dollars.
How is that ok?
And then he places the money offshore so he won’t have to pay taxes. Isn’t he brilliant? So the taxpayers are dinged again.
How do you defend that?
You have obviously failed to see what this is really about. it also appears that you have not bothered to watch the video production. If you had you would have found that the layoffs were incidental; sort of collateral damage to the main purpose. Which was to take control of companies, saddle them with debt (essentially off loading the cost of the acquisition), strip their assets, then walk away leaving the banks, other non-insider investors, and the out-of-work ex employees holing the bag while Bain waltzes off with millions.
This cannot be defended, and isn’t in any sense an essential part of capitalism. It’s rather like a form of crime that the law hasn’t managed to keep up with.
In fact, I imagine that Bain employs an army of lawyers to make sure that the banks they have stiffed aren’t able to come after Bain for fraud and misrepresentation.
“Backfiring big time.”
Obviously, you’re from Mars as it’s not backfiring on this planet...
Ditto.
It is surprising that it is being touted here on a supposedly conservative website.
I wouldn't exactly call it a 'conservative' website. Check out the name Win The Future, and think where you've heard that before.
hardly Sandy...it's closed the gap in South Carolina and the only folks howling about it are fellow travelers, those Romney has promised something to and beltway GOP and talkies who either share his social liberalism or want to keep access in case he does get elected
Romney is a pro gay, pro gun control, pro taxation in Mass, pro Romneycare and worst of all pro abortion
you and fellow traveler Beck can cling to some wacky notion he is actually conservative but he is not
as for Bain...let him defend his claim he created 100,000 jobs or that what he did at times was just a-ok as "capitalism"
I am a capitalist...I own and owe for businesses in the low 8 figures range which I think qualifies me as a capitalist and in this economy I can promise you that the range between owe and own ain't what it used to be
but sometimes LBOS and raiding pension funds do not...I repeat DO NOT...fall under the protection of capitalism per se instead they are sometimes crony capitalism or as Milton Friedman pointed out...instances where govt helps just pals in business
I have been a part of small LBOs...which is part of Bain's area of operation...those exist frequently to enrich the folks doing the transaction and existing top executives leveraging the buyout for themselves...stockholders and debt holders are secondary...by a long shot...Rush's excuse of this the past two days was nothing short of appalling
read Barbarians at the Gate...that is not pure capitalism....
nor was TARP...something Romney swears by
it is possible to critique his business claims without being anti Capitalist...nice attempted deflection by his buddies at FOX and in the GOP but South Carolinians look to be getting wiser
no one in the GOP pwer structure or FOX or Beck said jack diddly when Mitt's millions were scathing Newt with broad claims in Iowa.. now Newt has some cash...and it's payback...tuff
Mitt Romney is not a conservative but appeals to social libs who call themselves conservative but who only give a damn about lower taxes and a hawkish foreign policy
Bless your heart...you are such a nice person, and I give you kudos and understanding of your support for Romney.
But, the only person this is backfiring on is Romney.
God bless...