Skip to comments.Swinging at Bain, Obama Ignores What Private Equity Is
Posted on 05/22/2012 3:20:27 AM PDT by tobyhill
Bain Capital has been used as a political weapon against Mitt Romney since 1994, but now his opponents might be rethinking ads about attacking him for his time at the private-equity firm as the ads are being criticized by some Democrats as well as Republicans.
President Obama planned to set the political tone for the week with a new ad about an Indiana company that was bought by Bain and then shuttered, as the firm made millions of dollars and workers lost jobs. The biggest problem with the online video: Even Democrats say it attacks the business of private equity too much.
"If your main argument for how to grow the economy is, 'I knew how to make a lot of money for investors,' then you're missing what this job is about," Obama said of the presidency at a news conference on Monday. "This issue is not a distraction. This is what this campaign is going to be about."
(Excerpt) Read more at abcnews.go.com ...
Democrats don’t want to admit it, but their party has become the “party of the rich,” and if their welfare base ever figures it out, they will have some explaining to do.
He has an outstanding warrant in France and his company is not allowed in the United States.
The Soros Fund Management LLC wholly owns the Democratic Party and Obama.
The halfrican, communist, mooselimb, prick finally put two sentences together that I can agree with.
The choice is stark; communism or capitalism.
6-5 and pick'em.
Now that businesses know Obama’s master plan, destroy Wall Street and Corporations, they may finally get off the Obama Bandwagon and destroy him before he destroys them.
So has anyone questioned the fact that when The Fresh Prince of Bill Ayers took over GM, he forced all those dealerships to close as well as some non-UAW assembly plants. What happened to all those people who’s livelihoods were wiped out?
Well of course he never ran a lemonade stand. Those things are illegal! No health dept permit, no business liscence, no OSHA inspection! Heavens man, of course the President didn’t do that! ;^)
There’s Bain Capital, and there’s US Gov’t Capital. In the end, both kinda take apart loser companies, dump the bad pieces, fire off folks, and hopefully some remaining part of the mess functions enough to provide some profit. There’s virtually no different between the two capital organizations, except one functions with taxpayer money and the other has free enterprise money.
This is where you talk to “O” and his creatures about unions relentlessly making completely unreasonable and ruinous demands and recklessly creating an environment where it is impossible for business owners to keep their doors open! When unions construe private enterprise as ‘institutionalized theft’ of investors money... it isn't enterprising any more!!!
Equity capital firms are capitalism’s fire departments. When a company is “burning”, equity firms come in to save what they can. Yes, for money. So what.
There is of course risk associated with this kind of investment and involvement with companies which are struggling or near insolvency.
Why not talk about the grease that keeps the wheel going instead of saying that workers interests are being ignored and workers exploited?
Why not truthfully and clearly explain what every HS student in America ought to know already about how the business world works?
Why not STOP lying about where workers stand in relation to people who daily risk their own fortune and future assuring a livelihood for others in the process ..???
Dont like the arrangement ??? NO PROBLEM this is America OPEN YOUR OWN BUSINESS!!!!
“Obama never even ran a lemonade stand.”
He probably sold drugs. To a radical leftist punk that is a worthy capitalistic endevor.
Some other worthy leftist endeavors (real or imaginary)are:
Hemp Farmer, Organic Farmer, anything related to Solar Power, anything related to recycling, small scale printer (leftist pamphets),government employee, Welfare reciepient, commedian and or Ruler of the Universe.
The other important difference is, if the private firm is forced to cut something it's usually done with the bottom line and business efficiency in mind, when government cuts it's done half-a$$ed and for political purposes. Case in point: How many GM dealerships were cut when 0bama took over GM? Want to bet that many of the ones cut were very profitable, while those who survived had political connections.
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