Posted on 01/11/2012 7:43:12 AM PST by Comrade Brother Abu Bubba
Negative ads are rolling out about Mitt Romney's tenure at Bain Capital, trying to paint him as the sort of privileged money guy who created the financial meltdown.
opponents are lining up to attack him over his time as head of Bain Capital, in case you haven’t heard. They’re going to accuse him of bankrupting companies, throwing people out of work, and generally behaving like Gordon Gekko, the amoral Michael Douglas character from the flick “Wall Street.” "Greed is good"
“If he ends up looking more like an opportunist who profited for the few, instead of a man who created jobs for the many, it’s hard to imagine his poll numbers won’t drop,” write Politico’s Reid Epstein and Jim VandeHei.
(Excerpt) Read more at csmonitor.com ...
Most REAL venture capital firms finance entrepreneurs who are starting brand-new companies, or are expanding them in subsequent rounds prior to entering the public market or being acquired by a larger firm. VC firms, for example, helped build the biotech, Internet, and software industries. I am highly supportive of real VC firms.
Leveraged buyout firms, and corporate raiders like Carl Icahn, are something else entirely. When they call themselves “VC firms”, they are just obfuscating what they really are. I do not support them at all.
Bain Capital, as I said before, started out as a real VC firm, and then morphed into a LBO firm. So they—and Romney—can obfuscate even better than most LBO firms!!!
Romney practiced Crony Capitalism, the kind that privatizes gains while socializing the losses.
Will these Democrat OWS type points (’Greed’,’Getting rich’ ) resonate with Republican primary voters or will they backfire? It seems to me that the specific points made on this sound just like what anyone can hear on MSNBC very-night. I hope the other candidates don't start bragging that they are part of the other 99%ers
Alternatively since Romney is bragging about creating jobs in the private sector any job destruction he was involved with is relevant to this debate.
Are we the only two that see that? Yet they will criticize Newt for EARNING a fee? Talk about double standards.
Go Newt
A conservative would need to split hairs to side with Romney on this one issue. Why do so when that is the only history of Romney that they can agree with him about?
Especially considering Romney is looking to stick a knife in all our backs.
To Hell with Romney and the horse he rode in on!
Sarah Palin herself railed against the very kind of Crony Capitalism that Bain exemplified.
so you think raiding compainies pension plans and sticking the US taxpayers with the bill is a good thing?
He time and again used foreign money to take over small and medium sized private and public companies with the sole interest in breaking up them and pocketing the spoils. He left many workers unemployed and often stuck the Federal Government (IE: You & Me) to pay the pensions and benefits of former workers. None of it was illegal, but much of it was distasteful.
He is a failed Governor who although elected as a Republican was lead by the uber leftist state house and passed dozens of tax increases and leftest policies including the most expensive and radical medical plan in the history of the United States. He is a consistent Pro-Abortionist Republican that appointed dozens of far left judges and approved tax payer money to pay for abortion services. He not only consistently supported abortion services, he also PERSONALY donated to Planned Parenthood as recently as only five years ago. HE GAVE HIS OWN MONEY TO PLANNED PARENTHOOD.
The idea that an true Conservative or even Moderate Republican would cast a vote for this loser is unbelievable.
He may be inevitable, but he is the least electable in the field, including the geriatric nut job, Ron Paul. I fear that if he garners the nomination he will not only lose but splinter the Republican Party.
Who??
I get that people don’t like or want Romney to win the nomination. I get it - I really do. But some of the hatred is so over the top. Worse than the libs’ BDS and PDS. I’m in the Perry camp through SC, though I’m disappointed in his attack on venture capitalism. After that, I’m on the ABO bandwagon. Perry is pro life, pro God, pro guns, pro country - served his country, created jobs in Texas. When he first jumped in I thought he was the ideal candidate - still he wasn’t good enough and the other candidates tore him down on day one. So now we’re stuck with Romney. Perry supporters said this would happen.
I would urge EVERYONE (especially you Romney supporters AND those that have gone off the deep end thinking that Newt is attacking Capitalism) to watch the video at the bottom of this page:
http://legalinsurrection.com/2012/01/selling-out-capitalism-in-the-defense-of-romney-and-bain/
This is ONLY ONE of the troublesome Bain issues that MUST be vetted NOW. If we don’t do it now, you know that it will ALL come out later!
How did he socialize the losses?
Forgot to say, watch for the question at the end from Mark Halprin.
Agreed. There is such a thing as true venture capital, and it is based on the whole in financing needs for small-to-medium sized businesses that are not yet prepared to go public. I guess I should use the term private equity firms instead, because there used to be a distinction.
Attacking Bain Capital is a ridiculous angle to take on Romney. He’s got PLENTY of bad points, but the Pitchfork Pat anti-capitalism populist baloney is going to kill us. Even my guy Perry jumped on it, and I sent his campaign a strong worded “What a stupid attack” email.
When taxpayers picked up the tab for the underfunded pensions.
Yep, we sure did. Perry’s stumbles in the debate, and the endless attacks by other conservatives who had their own worshiped candidate took him from being the one real conservative opponent who would have crushed Mitt, to a peripheral soon to be out of it candidate and assured Mitt’s ascension.
You’re wasting your time. This forum has been infiltrated by a bunch a sheep who don’t have five minutes to read or listen to the facts. They assume what they want to assume.
Romney has much to explain. For example, what exactly was he doing in France? Shouldn’t we ask? How many Catholics did he convert to the Mormon faith?
The idea that he was this great jobs producer like Sam Walton is a joke.
In one paragraph you size up exactly what needs to come out. These vulture capitalists raided these companies, drew as much money as they could from pensions and borrowing... then putting them for sale on the stock exchange...where they cashed in again...only to let the company declare bankruptcy...in the end.
Who wins? Bain not the workers.
Sorry, I ain’t buying this. Romney is not the man.
PS-Why isn’t Romney showing his tax returns?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.