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There are posters here on FR who are defending Mitt and his activities.
Despite Mitt saying that it was the exact same thing as what Obama did with GM.

But, knock what Mitt did and these posters start screaming at you that YOU are the socialist.
As you mentioned, Alice’s Wonderland.

""There are posters here on FR who are defending Mitt and his activities.Despite Mitt saying that it was the exact same thing as what Obama did with GM.

Exactly right, and proud of it, even RUSH is defending him.

Guess talking out of both sides of the mouth is the new NORM for FR. Their new battlecry is "GO MITT ROMNEY"

ALICE? we are in wonderland!!!!!, and no way out.

Not even remotely the same — What Mitt did and Obama did. The difference is between private funds and taxpayer funds.

As I understand it, Bain Capital advances capital and management services to businesses that are in bad financial trouble. Bain Capital takes these risks with private investor funds. If Bain Capital is able to turn these “at risk” businesses around and make them profitable, they get rewarded.

Sometimes the turn around requires that employees of the “at risk” companies to be laid off. Sometimes, no matter what's done, the business cannot be saved. In that case, Bain Capital and its investors incur a loss of the capital and services advanced.

The bottom line is Bain Capital is playing a high risk game because it's seeking to rehabilitate a failing business without any guarantee of success. Bain Capital is the end of the line before an at-risk business goes under. When the business fails, everyone’s out of a job, and everything in the business is sold off.

In Obama’s case, General Motors and Chrysler were deemed “too big to fail”. Conventional bankruptcy laws were circumvented. Shareholders were defrauded of their money, the UAW was rewarded, Republican owned dealerships were closed, the government took defacto control of GM (Chrysler was sold to Fiat), and U.S. taxpayers were put on the hook for billions. These billions advanced to Chrysler and GM have never been repaid. Where Chrysler is financially, I don't know, but GM is STILL losing money.

Mitt's error is to equate what he and Bain Capital did with what Obama did. If Mitt doesn't understand the difference between private and public money, this is pretty fundamental. It IS muddled if he can't see a difference.