Posted on 01/11/2012 1:45:23 PM PST by Lakeshark
What would you call the government bailing out underfunded pension plans raided by Bain........hmmmmmm?
I think you are correct in saying Newt was wrong with a few of his comments, but to claim it was entirely a fabrication, an attack on capitalism itself, or that the attack is not correct is short sighted. Here is his commentary yesterday (scroll down at link to video), it explains it fairly cleanly: http://legalinsurrection.com/2012/01/selling-out-capitalism-in-the-defense-of-romney-and-bain/
You are making leaps in logic with “facts” not in evidence.
And, yes, yawning indicates that you are asleep at the wheel as you try to drive your arguments home.
Please. Pulling the covers over Romney’s record at Bain Capital, ain’t doing Capitalism any favors.
Like I said, with people like you running around as self-anointed defenders of Capitalism, and arguing that any scrutiny of business practices is tantamount to an attack on the very philosophical foundations of Capitalism itself… well, it’s no small wonder that Capitalism seems to be losing the war of ideas. People with attitudes like yours are just ironically validating the destructive sophistry of the Left.
I’m fer it. True “Free Enterprise”.
There is nothing wrong with companies like Bain; I worked for one for awhile.
But not all companies and not all deals are good or effective, and there were many things wrong with the actual deals that Bain did and with the fact that it relied on the government to back it in some cases. Romney has never had to explain this, and he should.
:-)
I get it just fine.
The CONCEPT of a company coming in and saving a dying company via laying off a third of their workforce and restructuring is all well and good and fine and pure capitalism.
But the FACTS of someone losing their job (while others were able to keep theirs) are troubling, predatory, mean, unfair, etc.
Yes, a PROFOUND difference between the concept and the facts.
Conceptual people getting fired doesn’t rate the same emotion as actual people getting fired.
But in order for the concept to be of any value, the reality needs to acknowledged as consistent with the concept.
So Willard goes unpunished for looting taxpayers???
BUT why should American taxpayers have to be forced to pay for Willard’s business incompetence and greed?
—
Workers were denied the severance pay and health insurance they’d been promised, and their pension benefits were cut..
What’s more, a FEDERAL GOVERNMENT insurance agency had to PONY UP $44 MILLION TO BAIL OUT the company’s underfunded pension plan.
Nevertheless, Bain profited on the deal, receiving $12 million on its $8 million initial investment and at least $4.5 million in consulting fees.
http://legalinsurrection.com/2012/01/bain-drip-drip-drip/
The Wall Street Journal analysis is ALSO devastating for Willard the Vulture/Lib at Bain.. (Google it)
Adding insult to injury, Bain would hide its profits in tax havens, not even paying the rate it was supposed to on the profits it made laying off workers.
Let’s see how the taxpayers feel about bailing out these companies’ pension funds and receiving no tax money back from Bain. Let’s let the people decide what they think of bailing out Romney.
Bottom line again: Why should American taxpayers have to be forced to pay for Willard’s business incompetence and greed?
Rush gonna get u......!
Agreed. And I was even warming to Perry till he handed the left a renovated phrase, "vulture capitalism." Even Huntsman jumped on the infamous out-of-context quote.
You and I paid just so that Mitt and his boys could get another yacht. I don’t begrudge anybody making money and making huge profits, just as long as I’m not stuck with the bill.
Who was your candidate at this point in 2008.. and TODAY?
Yesterday rush said something about his stations being partly owned by Bain after clear channel sold. Sorry I don’t have all the details. That would explain Rush and Hannity jumping all over Newt. They know the MSM will follow their lead. But it doesn’t change the facts and Obama’s billion will hammer Romney daily along with OWS movement. This country is a mess thanks to the cut throat Chicago elites and those who who fell for the Hopenchange fairytale.
he’s tying to wake the party up before it’s too late.. you just don’t want a guy who became filthy rich in part from closing viable companies and throwing workers out of their jobs to be the face of the Republican party.. it’s that simple
rush needs a show issue the next 4 years...he said it himself on air today...no one wants to talk about making money and getting rich...but everyone wants to do it...he is no difference...he will get more listeners if nobama wins...no more but less listeners of any republican wins...plain and simple...but he will not talk about that!
no he didn’t. Newt made a stupid attack from the left and he got called out for it. The language he uses and his superpac commercials are something right out of the Obama campaign. Newt made this personal, he’s a political animal, been around the block many times and should know better and he will pay a price, IMO.
We need him and some of his ideas to win this and he does us no favor by sounding like a “occupy wall street” anti-capitalism activist.
Rush has been critical of Romney too and has voiced support for Perry, Santorum and Bachmann as well as Newt.
Add me to the list of people who will attack anybody who attacks Romney’s record at Bain.
Attack him for anything else. But not that.
Bain gets involved when a company is ALREADY IN TROUBLE!
+++
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...That was not always the case.
The problem with bringing up Bain is that in doing so, one is bringing up the biggest advantage of success that Mitt Romney has over his opponents. In an election year where the economy is the most important issue, do you really want to tip voters off that Mitt Romney has quite a bit of success at saving jobs in the private sector?
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