Posted on 01/10/2012 3:24:25 PM PST by Laissez-faire capitalist
"...Mitt Romney says he saved Bain & Co. but he didn't tell you the day he took over he had his predecessor fire hundreds of employees or the way the company was rescued was with a federal bailout of $10 million dollars. According to the Globe, Romney's company failed to repay at least $10 million dollars to a failed bank and the rest of us had to absorb the loss. Romney, he and others made $4 million dollars in this deal which cost ordinary people $10 million dollars. Mitt Romney - maybe he's just against government when it helps working men and women..."
(Excerpt) Read more at youtube.com ...
Some now on talk radio and cable news are portraying Perry and Gingrich as attacking capitalism, but if it turns out after months of examination during the election cycle that taxpayers got stuck with a $10 million bill, employees were tossed and Romney and others ended up with $4 million, it's over. The GOP will be branded as super, ultra, mega hypocrites.
Is this free-market capitalism? If not, then why are Perry and Gingrich being attacked? Regardless if this was allowed under the FDUC or wharever loss, voters won't forget that employees were tossed, taxpayers got stuck with the bill, and Rombey and others made $4 million - if it's all true. And believe me, we will know, and all the anti-Solyndra arguments, anti-banker bailout arguments, anti-crony capitalism arguments the GOP was planning to use against Obama will be gone. And Romney will lose, as more than one media outlet have apparently shredded the argument Romney has put forward that he created 100,000 jobs.
So, if this isn't true free-market capitalism, then why defend Romney and attack Newt?
Bain has donated more to Odumbo than Romney.
So, that takes bail outs off the table. RomneyCare takes ObamaCare off the table. If he wins the nomination, Mittens might adapt a new slogan, “Take Your Pick; there really isn’t any difference.”
Nice find! : )
Why should American taxpayers 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/
Newt is a loser. Newt is not attacking Romney’s Bain stint for the specific federal bailout or any other specific things Romney did wrong there.
He is attacking Venture Capitalism, which is high risk / high reward game that works ruthlessly to deploy capital and reap rewards.
I simply loathe Newt (and now Perry) for doing it.
There was excellent piece in the Weekly Standard that rightly goes after Romney for his Bain stint. That intellectually honest attack is something that works with me.
Right now the GOP isvcaught between a rock and a hard place.
Dem-lite Romney cannot defeat Dem not lite. It never works.
The GOP has a choice: either dump all crony capitaliam, corporate welfare and vulture capitalism in which bailouts occur and people get millions nonetheless while employees get tossed - or lose elections.
Your choice. I have tried to warn you that Romney will be savaged over this and lose badly. No more warnings. This is it.
If Romney cannot take the attacks from Gingrich over Bain, he will surely lose from the attacks by Obama and MSM.
Gingrich is simply fire-testing Romney for what is to come.
Romney as the Republican nominee is a disaster in the general election because:
1) Bain - Obama will paint this organization as a Wall Street monster whose only function is to scarf up companies and split them up, fire employees, only to make a profit for the share-holders. Romney, given his distaste to actually fight tough, will give some mealy-mouth explanation that will explain nothing. Advantage - Obama
2) ObamaCare - there is no difference between ObamaCare and RomneyCare, at least none the 3-second-attention-span public will understand. The issue (which is one of the defining issues of this election IMO) will be off the table. Advantage - Obama
3) Everyone has said this will be a down-n-dirty smear-fest election from the Democrooks. Look for 3 stories a day from the MSM, after Romney is the nominee, about how his church, the one he’s been in all his life, didn’t recognize blacks as equal until 1978. Yup, this will be a trash-fest of the Mormon “religion” and it will be vicious and relentless. Advantage - Obama
Election- Obama
Done, go home, the party is over.
anybody can play quid-pro-quo anecdotal peek-a-boos... question is, is this what we as Americans are willing to be reduced to?
I simply loathe Newt (and now Perry) for doing it.
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And you’re going to loathe Obama for doing it as well.
I could care less, Newt is disgracing himself making what Rush Limbaugh says are leftist arguments.
No one on FR should be bothered that Romney was in business and (God Forbid!) the business actually fired people.
Further, if being in business and hiring and firing people is an issue that you don’t think can stand up to democrat attacks, give up right now.
The contrast with Obama is glaring I think this issue will just dig Obama’s political grave.
...just like to watch rats eyes widen with that fact...*smiles*
How do you know that Perry and Newt don’t know about this?
If you can’t suppirt Bewt or Perry for the reasons you gave, then how could you with straight face turn around and suppirt crony-capitalism, bailout capitalism.
How can the GOP attack Obama dir bailouts and crony capitalism and not attaxk Rimney for this also?
Those who villify Obama’s crony capitalism now have egg on their faces if they say nothing about this.
I don’t care for Romney. He can or can’t defend these “attacks” (marxist bombs).
Our guys railing against venture capitalist way of life is disgusting. It can’t be forgiven.
It is vintage Newt. His attack against Paul Ryan budget was no fluke. He is a vile selfish and disgusting human being.
you are 100% correct.... I would not have said this ten days ago but as we learn about Bain, it dooms a Romney run against Obama. David Axelrod is salivating at running his boy against Romney
I need to spell check more often. :) Typing too fast.
He is attacking Venture Capitalism, which is high risk / high reward game that works ruthlessly to deploy capital and reap rewards.
I simply loathe Newt (and now Perry) for doing it.
I agree completely.
I absolutely can't stand Romney, but it is stupid to attack him over this.
That is how capitalism works -- you do the best for your business. You fire people if you need to. If the government is handing out money, you take it -- even if you're politically against it. For example, even if you're politically against interest rate deductions, you should still take them.
The people against letting people run their businesses as they see fit are not real conservatives. The Democrats will be against the way Romney ran his companies, but the Republicans should not.
It's another sign that Newt Gingrich is a liberal on the inside. Please don't be fooled by this slimy character.
I can't stand Romney, but we need to defend him on this.
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Agree completely. I'm done with Newt.
Rush was trying to tell everyone today that all this teaches us something about Newt.
I remember just a year or two ago Rush had to challenge Newt because Newt wanted to co-opt global warming and other liberal issues. It was in Newt’s book.
I get all the mistrust of Romney, but I’m not sure which one is the more recent liberal. Actually, I think it’s Newt.
VC is only part of what Bain was up to. They were also corporate raiders who extracted the maximum from failing companies. They stripped them and left the taxpayers to pick up the tab for the pensions...... This is the part of the Bain story that Obama will be talking about every week if Romney runs against him. Newt and Rick Perry are not tainted like this
Bain also made millions on some honest corporate turn arounds but Obama won't be talking about this. And all Mitts attempts to correct and clarify this will fail
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