Let me tell you a story from 19 years ago.
I worked for Portland General Electric (PGE) Co., at their Trojan Nuclear Plant. The CEO of its holding company, Portland General, was a Democrat, an anti-nuke, and a very savvy accountant.
In 1992 this CEO was offered a deal by Enron. Sell off or close the nuke plant, we’ll buy Porltand General and you will become a member of Enron’s Board of Directors.
So this CEO shut down an operating nuclear plant capable of supplying a sizable amount of electricty to the Northwest grid (a facility generating billions of dollars of profit for PGE), layed off 1300 workers - and all for the benefit of himself.
But that’s not all.
Once he was inside the inner circle of Enron, he did something interesting. He was only on the board for a short time before retiring. He left with a boatload of Enron stocks which, after a legally required length of time, he sold for over $70Million dollars plus.
Six months later Enron goes tits up.
Enron had replaced all the Portland General stock in employees 401K plans with Enron stock. Now those 401Ks weren’t worth spit. Most of the folks who had worked at Trojan found other, lower paying jobs but some like myself were ruined, losing everything they’d worked for in the previous years.
That former CEO is now owner of a large winery, and all at the expense of good business practices. Everything he did was not for the betterment of PGE’s business, its stockholders, or its employees. It was to make himself rich.
And that, my dear, is vulture capitalism. All of it was legal but non of it principled.
Oh, and I am a firm believer in capitalism. I just happen to think poorly of people like the man mentioned above and Mitt Romney.
Gingrich is a conservative. He allied himself with Ronald Reagan to build the Reagan Coalition and the Republican majority (together the Reagan Revolution) which directly led to the Contract with America, government reforms, less government, tax cuts, a balanced budget, and the great, longstanding Reagan economy.
He has done more to put Ronald Reagan’s conservative policies into government practice than anyone else presently running for the Republican Party presidential nominee position. I usually ignore endorsements, as they’re generally quid pro quo arrangements, but Gingrich is now endorsed by Michael Reagan, Art Laffer, and numerous other former Reagan administration officials.
Nothing you will say, which I believe is biased and flat-out wrong, has any effect on my belief that Newt Gingrich is the only candidate with true leadership ability who can and will change Washington, D.C. He isn’t perfect. Who is? But I believe at this time, at this juncture in our nation’s history, he can lead this country away from socialism and to a leaner, more constitutional government.
“I worked for Portland General Electric (PGE) Co., “
That explains why you don’t understand or approve of capitalism.
Those who benefit are many, but they don’t know who they are. Those who are hurt are few, and they know who they are.
I once thought Newt was a conservative. I haven’t since I saw him sitting with the Lady Nancy, talking about stopping global warming, when the evidence is pretty thin to nonexistent that it is actually happening, or that it is man-made.