Isn’t he also a communist or close to it?
You mean Obama’s car czar? They’re still trying to salvage that Romney nomination..
The man who made the movie used to work with Romney. He said he had trouble narrowing the choices to four in it. There were many many many more of healthy companies Bain took over, pumped up with loans, took out their precious dividends, then left them to go broke ...
with the sucker investors(like you and me) who got in at the releveraging level.. SOL.
Still a lot of questions. Still no answers from Mitt.
Whats more, a federal government insurance agency had to pony up $44-million to bail out the companys 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.
It took me a while to think it through, what with all the accusations of gutting companies for profit, but here goes anyway.
When Romney was head of Bain, what was and to whom was his duty? Wasn’t it to make money for the investors in the company? Didn’t he carry out that duty? He did not have to like what he was doing, so long as doing it fulfilled his obligations.
If he is elected, will he treat his duty to the citizenry and to the Constitution the same way?
I am NOT a Romney supporter, Romneycare alone being a disqualifier in my mind. But four more years of Obama is unthinkable! If he gets the nomination, I’ll have to vote for him, not very happily.
(Donning NOMEX overalls) Feel free to flame away.
One wonders why he cares so much.
“How strange for conservatives like Newt Gingrich and Perry to be questioning the core of free market economics.”
Neither one has worked in private industry, very much at all.
Since they have been mostly in government, the would know about the crony capitalism involved, whereby those in government deal with quid pro quo opportunities, to benefit from dealings with companies, etc.
They would know much less about the activities described in the article, about venture capital, mergers & acquisitions, etc.
A surprisingly reasonable essay, considering the source.