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 ...
Obama ALREADY knows all about Romney. Why do you think they have consistently talked him up and desire so greatly to run against him?
When taxpayers picked up the tab for the underfunded pensions.
As in Bail out??
Let’s see, Perry, Santorum, Newt, Paul, Huntsman... I guess they’re all wrong... So let’s just give Romney a pass. Don’t ask him to explain anything. Don’t ask to see his tax returns.
The guy is a phony. And if you don’t want to bring it up, I will, he speaks for his religion. ASk him what parts of the Mormon faith does he disagree with. That will be telling.
But, no we have to accept mediocrity again in a candidate.
Underfunded by whose standards?
How do you know that? How can you be sure? I for one don’t know that to be true. I think Romney is hiding something. The man is a liar and was a second rate liberal governor.
He’ll be a second rate president as well.
At the very least you and people like Wind Bag Rush need to listen to the facts first before going off half cocked on your opinions.
You’re exactly right, but try to get the people on this forum to understand that. They’re equating venture capitalists with Romney at Bain as a leverage buy out firm.
This guy was Gordon Gecko, pure and simple. If he has nothing to hide then let’s see the transactions that occurred. Let’s see the track record and talk to the people who owned and worked at these companies.
You’re wasting your time talking to this moron.
You know what cracks me up as being so hypocritical is to listen to Ann Coulter talk about the democrats doing exactly what Bain did when loans to Mexico went under.
At Bain they raided pensions and let the gov’t pay the workers off in the end.
I think I’ve heard enough from you. It explains why our party is lost in the wilderness.
I’m a conservative, sport. I don’t need any blather from anti-capitalist sorts like yourself. If you’re more comfortable with the OWS/Obama side, suit yourself.
We’re all understandably hyper over anything that might be interpreted as “socialist” or “anti-capitalist” because of obama’s extremist communist (and muslim) agenda. And civilizational or cultural conservatives like me are left out in the cold by most of these discussions. So I restrict myself to posting when I can provide useful, clarifying information.
George Soros comes out of the same corporate (and national) looter pool as the LBO firms and the corporate raiders. Yet he uses his “capitalist” wealth to finance out-and-out socialists and communists like obama and the “Occupy” movement!!!
Freepers and others who bash Newt as “anti-capitalist” for his criticism of Bain and Romney should ponder that fact long and hard. Then they should think about the unfavorable things that have been happening to our business system over the past few decades (with the collusion of government), and help find ways to do better. Re-electing obama or electing Romney won’t help at all!!!!
This company is dead. I didn't kill it. Don't blame me. It was dead when I got here. It's too late for prayers. For even if the prayers were answered, and a miracle occurred, and the yen did this, and the dollar did that, and the infrastructure did the other thing, we would still be dead. You know why? Fiber optics. New technologies. Obsolescence. We're dead alright. We're just not broke. And you know the surest way to go broke? Keep getting an increasing share of a shrinking market. Down the tubes. Slow but sure.
You know, at one time there must’ve been dozens of companies makin’ buggy whips. And I'll bet the last company around was the one that made the best goddamn buggy whip you ever saw. Now how would you have liked to have been a stockholder in that company? You invested in a business and this business is dead. Let's have the intelligence, let's have the decency to sign the death certificate, collect the insurance, and invest in something with a future.
“Ah, but we can't,” goes the prayer. “We can't because we have responsibility, a responsibility to our employees, to our community. What will happen to them?” I got two words for that: Who cares? Care about them? Why? They didn't care about you. They sucked you dry. You have no responsibility to them. For the last ten years this company bled your money. Did this community ever say, “We know times are tough. We'll lower taxes, reduce water and sewer.” Check it out: You're paying twice what you did ten years ago. And our devoted employees, who have taken no increases for the past three years, are still making twice what they made ten years ago; and our stock — one-sixth what it was ten years ago.
Who cares? I'll tell ya: Me. I'm not your best friend. I'm your only friend. I don't make anything? I'm makin’ you money. And lest we forget, that's the only reason any of you became stockholders in the first place. You wanna make money! You don't care if they manufacture wire and cable, fried chicken, or grow tangerines! You wanna make money! I'm the only friend you've got. I'm makin’ you money.
Take the money. Invest it somewhere else. Maybe, maybe you'll get lucky and it'll be used productively. And if it is, you'll create new jobs and provide a service for the economy and, God forbid, even make a few bucks for yourselves. And if anybody asks, tell ‘em ya gave at the plant.
Danny Devito/Garfield speech from 'Other Peoples Money'
An absolute fact. It's quite disheartening to see so many paint Romney as some how honorable for attempting to resuscitate a dying/failed company.
The WSJ points out 70% of Bain/Romney success stories came from just 10 companies, 3 of which still ended up in Bankruptcy. That kind of success is right up there with Obama.
[What a load of garbage. Venture capital primes the pump of capitalism and of the economy. Nothing Romney did is wrong or anything other than classic capitalism.]
Excxept Bain wasn’t a venture capital firm, it is an acquisitions and holding company. Venture capitalists build companies, vulure capitalists strip existing companies.
Sometimes vultures are needed when a company is dying, but we are finding out whether Bain was part of creative destruction or part of the creative theft industry. Unless you think guys like Soros are always saints and capitalists?
There is the instrument of our destruction. I want you to look at him in all of his glory, Larry “The Liquidator,” the entrepreneur of post-industrial America, playing God with other people's money.
The Robber Barons of old at least left something tangible in their wake — a coal mine, a railroad, banks. This man leaves nothing. He creates nothing. He builds nothing. He runs nothing. And in his wake lies nothing but a blizzard of paper to cover the pain. Oh, if he said, “I know how to run your business better than you,” that would be something worth talking about. But he's not saying that. He's saying, “I'm going to kill you because at this particular moment in time, you're worth more dead than alive.”
Well, maybe that's true, but it is also true that one day this industry will turn. One day when the yen is weaker, the dollar is stronger, or, when we finally begin to rebuild our roads, our bridges, the infrastructure of our country, demand will skyrocket. And when those things happen, we will still be here, stronger because of our ordeal, stronger because we have survived. And the price of our stock will make his offer pale by comparison.
God save us if we vote to take his paltry few dollars and run. God save this country if that is truly the wave of the future. We will then have become a nation that makes nothing but hamburgers, creates nothing but lawyers, and sells nothing but tax shelters. And if we are at that point in this country, where we kill something because at the moment it's worth more dead than alive — well, take a look around. Look at your neighbor. Look at your neighbor. You won't kill him, will you? No. It's called murder and it's illegal.
Well, this too is murder — on a mass scale. Only on Wall Street, they call it “maximizing share-holder value” and they call it “legal.” And they substitute dollar bills where a conscience should be. Dammit! A business is worth more than the price of its stock. It's the place where we earn our living, where we meet our friends, dream our dreams. It is, in every sense, the very fabric that binds our society together.
So let us now, at this meeting, say to every Garfield in the land, “Here, we build things. We don't destroy them. Here, we care about more than the price of our stock! Here, we care about people.
Jorgenson/Gregory Peck speech from 'Other Peoples Money'
So you’re voting for Garfield?
I did love that part of the movie.
see : #56
Lol...yeah, right. What specific company are you talking about getting bailouts? GST? Ampad?
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