And anyone should care, why ?
That’s just a LITTLE bit different than actually founding and running Bain, which is what Romney did.
Unless something is against a law, go for it.
Fair/unfair (whiney brats) is being touted as legal/illegal.
We have GOT to bring the McGuffey readers and Civics back into schools.
Frankly my dear, I don’t give a damn.
I want a strong leader, with a proven record of accomplishments and a clear vision of the future. I want a president that will turn this country around intelligently and quickly.
I will continue to support the one man that I believe in my heart and head can turn this country around and set the right course for my children and grandchildren to have a better future........ that man is Newt Gingrich.
GO NEWT GO.........
Who’d knew that being on an advisory board meant the same as running the show?
Is this one of those headlines designed to plant an idea in people’s mind. The message being, “see they all do it” ?
I’m sure Newt’s work amply justified whatever he earned, just as with Fannie Mae.
Wow! Newt profited from capitalism. Yawn. GO NEWT!
There is nothing wrong with private equity firms, and Gingrich never said there was. Investing is fine, and buying unprofitable businesses and restructuring them is fine, even though it may mean spinning off part of a company or folding it into another firm.
But Romney was involved in deals where Bain bought companies simply to strip them of their assets (cash, for example) and where he also relied on the government to cover his losses (to the tune of millions of dollars). He needs to explain this and stop pretending he was just a simple little businessman who dabbled in investments.
This was the kind of thing that gave capitalism a bad name back in the 80s or 90s, when companies like Bain bought firms just to strip them of their pension funds, leaving thousands of former employees without any pensions or any return on their investment in their companies.
If Romney’s the candidate, Obama is certainly going to bring it up. I think that may be why Romney made a preemptive strike yesterday, declaring that his position (on bailouts and buyouts) and Obama’s were very similar.
Did Gingrich’s firm get $44 million from the government and rob its productive employees of pensions?