Not drunk enough to read the crap that Taibbi writes.
Thank you for your left wing posting. Now rejoin your friends at the Democratic Underground.
Ahh, Rolling Stone - truly a bastion of in-depth, investigative journalism without a smidge of propagandist world view. Who wouldn’t get their analyses here?
Where is that ‘Post Tripe Here’ category again?
Matt Taibbi would not know the truth if it punched him in the nose.
A story in the Rolling Stone bashing a Republican? Wow, that’s so surprising.
Did I miss when FR migrated to a Democrat site?
The King of asset strippers.....wait for it.....Obozo!
“A separate report on household incomes from June 2009, when the recession was declared officially over, finds an overall decline of 4.8 percent from then until June 2012. That’s almost twice the drop from 2007 to 2009, when the recession was at its worst.”
Why don’t you post this at DU where it belongs?
You do understand when Romney was there they acquired 267 companies. most of them faltering with a view to infusing them with capital to turn them around and sell at a profit.It is called free enterprise.They were not in the business of asset stripping.They acquired the faltering company to try to turn around and sell it whole after a few years.Very few of them, less than 4, were “asset stripped” to recoup what was left as a losing investment, all in cases where there was no market for the whole or where the sum of the parts was worth more than the whole.Taibbi is an ultra liberal hates the idea of free markets and will go through any lengths to manipulate the truth with false imagery.
So, far, I seem to b e the only one who actually read the entire article before making any comments.
The author should have gone straight to the facts he had to present, before putting all his editorializing in.
And, though he does not try to run through every deal Bain made, the deals he does present - just the facts - do not paint a positive picture of what Bain did and what Bain got from the deal.
I am not voting for Obama, regardless, but I think there is more than one good reason Mister Romney was not the choice many of us here at FreeRep wanted, in fact, he was - and with good reason - the choice a majority here did not want.
So, in “don’t through the baby out with the bathwater” fashion, go bookmark the Salon article, and skip the author’s editorialising but don’t throw away the message just ‘cause you don’t like the messenger.
We are going to need our favored friends in Congress to help “keep the powder dry” even with a GOP President.
Crony capitalism and vulture capitalism are not “free enterprise” capitalism (in my book), they do not create value in the economy, they transfer value without merit, either economically or morally.