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.
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.
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.
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.
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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I think free market capitalism is the best economic system humanity has devised.
However, if Mitt Romney is going to claim that he’s most qualified for President because he created many thousands of jobs, then it’s reasonable to see if those claims are true (just as we do reference checks for new employees).
The evidence out there seems to show that while he did make money for his shareholders, many thousands of people lost there jobs to companies that went bankrupt under Bain’s leadership.
In some cases, Bain just slashed R&D while putting more debt on the companies’ books. In many cases while doing this, Bain also awarded themselves dividends from the companies’ balance sheet (justified by these short-term profits). All of these things made it much harder for those companies to succeed in the future, as it had less innovation and cash.
I don’t think the problem we are having discussing Romney is that we don’t have the right vocabulary word for what he did at Bain. When I re-read my paragraph above, it doesn’t sound like capitalism to me. Was capitalism intended to allow a few investors to take over a firm and then slowly sabotage it with debt, which eventually doesn’t get paid because the company goes bankrupt, all the while taking money out the side door through dividends and stock sales?
To me this seems less like capitalism, and more like that scene from Goodfellas when they take out insurance on the restaurant and then burn it down to collect premium.