Posted on 01/13/2012 11:30:38 AM PST by Snoopers-868th
Consider if you will what Mitt Romney had to say about welfare and dependency at CPAC in February 2008:
(Excerpt) Read more at spectator.org ...
‘It is a short and to the point article.’
And absolutely SPOT ON!
Silly.
I oppose government subsidies, incentives, etc. as much as the next guy but, if they are available, a company would be stupid not to ask for and/or accept them.
It’s like tax deductions, if they are available, prudent businesses should take them.
I can give you several gritty reasons why former Bain private equity czar Mitt Romney is not the person to become President of the U.S. in November.
First, is just one tale of a Bain deal under Romney. Bain invested just $30 million to take over a company. It then arranged for this company to pay Bain and its investors a special dividend of $180 million– or six times the amount of equity capital Bain invested to take control. This technique of forcing your prey to pay back your original investment or more, as in this case, is to ensure that the Private Equity Firm is assured of a profit. It is an exploitative way to strip the company of its spare cash and is indefensible corporate rape. It is one selfish and destructive way to play the Private Equity game. For the average holding period by a PE firm is somewhere between 3 and 5 years– in and out with little thought as to the long term performance of the company or the protection of its employees.
More at link.
How is this Crony Capitalism???
Crony capitalism is when you use your position (current or past) in government to benefit your friends/cronies.
Accepting government subsidies/incentives given to all businesses (something the government should not do) is something all good businesses do.
The article even states Bain lobbied for help. Bet if you check the donations on Bain executives, you will find the quid pro quo.
Halleluyah, I’m A Bum!
— Harry Mac McClintock (1928)
http://www.youtube.com/watch?v=8uKbIkYGsIg
...if they are available, a company would be stupid not to ask for and/or accept them.
Yep, and that makes the organization Fascist, not capitalist or free market.
Remember government subsidies are not available to all, just the select favored insiders, and competing businesses are now operating at a state imposed disadvantage, and the state will make sure their favored Fascist continues to have advantage over competition.
Romney's a GOOD socialist.
What company was this?
Go to the link. I didn’t write the Forbes article.
I guess you didn’t read it either. There’s no company named, making it difficult to substantiate it. Poorly done.
I'm sure that the author and Forbes generally are liars. /s
How about this one?
Mitt Romney company profited as steel mill it owned closed, government bailed out pension plan
Romney probably didn't do anything illegal. And no one is saying that he did. But do you want a vulture in DC? Aren't there enough of them? Isn't it time that he's vetted? The GOP elites won't. He's their man.
I think the American Spector named names. There is also an issue as covered in Forbes regarding the “carried interest.” And, IIRC because I have not reread the Forbes piece off-shore accounts. Granted nothing is illegal and I don’t think anyone has said it is.
I’m shocked at the posters defending Romney. He’s the elites pick and posters are buying the media and talking heads spin. I am flabbergasted. Only a few are trying to find the truth.
Exactly. Republicans always seem to miss the real message. Still, I believe Newt is the only one who even has a chance to shake the whole tree in Washington.
But don’t call youself a “FREE-MARKET” person, Mitt.
He’s more than happy to lay off people and put them into the welfare systems, isn’t he. Those lazy slugs.
But don’t call youself a “FREE-MARKET” person, Mitt.
He’s more than happy to lay off people and put them into the welfare systems, isn’t he. Those lazy slugs.
But don’t call youself a “FREE-MARKET” person, Mitt.
He’s more than happy to lay off people and put them into the welfare systems, isn’t he. Those lazy slugs.
ROMNEYCARE.
Do we really need to know more?
Same here. He knows where the “bodies are buried”.
That’s true but he could be made to say he made a mistake and you know all will be forgiven. Bain was no mistake.
Ah, well familiar with that one. Good capitalism story, unless you are an OWS type.
I found the info on the other “incident”. It was Dade International. Here’s the article for all you lurkers...it’s not quite like the populist baloney blurb written on this thread earlier.
Yes, that is a huge plus in my book. He knows how to navigate and I do believe he will do what he says he wants to do. Contrary to so many who don’t trust him.
The rats are dying for Newt to get the nomination. obama, his billion dollars, his allies in the MSM and the democRat superpacs will tear him up. And they will get Bill Clinton to help them do it. They'll go after his personal life and his time working in the Clinton administration. If Romney was able to knock him out in Iowa imagine what the Chicago thugs will do to him in the general?
Lincoln’s party now the party of prejudice (Says Romney owns the ground zero mosque bldg!)
the tattered building that was bought by the Muslim real estate company had been owned by a subsidiary of Bain Capital, a company Romney founded in 1984.
That's a misdirection. Not everything done in business is ethical and you're trying to say it is. Romney became rich taking companies for a ride and getting government bailouts. You really want to defend that given our economic state?!
Do you support Romney?
I think the historian in him is horrified at what he sees happening. I believe government would be on his chopping block.
The man the rats want is Romney. And hee identified himself with Obama and the auto companies. Why not just vote for Obama?
Dems Prepare To Hammer Romney With The REAL Bain Onslaught (Newt's ad just the appetizer)
I can’t believe there is much out there left to try to destroy him that hasn’t already been said. In any case, he is a warrior and IMO we need warriors right now.
The following is a long read from The New Yorker but it is quite telling regarding Mitt.
http://nymag.com/print/?/news/politics/mitt-romney-2011-10/
Be sure to read the 2nd to the last paragraph and how he views people.
http://www.reuters.com/article/2012/01/06/us-campaign-romney-bailout-idUSTRE8050LL20120106
Reuters reports in “Special report: Romney’s steel skeleton in the Bain closet” that Romney’s Bain Capital took a $44 million government bailout in 2002 from the federal U.S. Pension Benefit Guaranty Corp after they determined that Bain had underfunded its steel mill’s pension by $44 million. Workers were denied the severance pay and health insurance they’d been promised, and their pension benefits were cut by as much as $400 a month. Nevertheless, Bain profited on the deal, receiving $12 million on its $8 million initial investment and at least $4.5 million in consulting fees.
The New York Times reported in their article “After a Romney Deal, Profits and Then Layoffs” that Bain structured its deals so it would be hard for Romney and his partners not to come out ahead. In the case of their medical company Dade, the creditors threatened litigation against Bain, accusing them of “professional negligence” and “unjust enrichment.” Bain argued that the claims were baseless, but agreed to forgo about $68 million owed to them by Dade.
Romney has acknowledged having second thoughts about some of the deals he drove, saying his post-Bain career in government had sensitized him to the consequences of his decisions as a businessman. He may be sorry but I don’t think Obama and the Democrats will forgive and forget this year even if we do!
If he had second thoughts it’s because he was caught.
Lol...your simplistic talking points always amuse me. You have little if any understanding of Bain Capital, capitalism, or free markets.
Bain, back in the day, found companies whose owners were ready to dump them. Bain would take them and try to build them into profitable companies that were appealing to other buyers. Sometimes it worked out, sometimes it didn’t. Bain also started up a few places, including Staples, that continue to this day to be powerhouses in their markets.
I still, of course, support Rick Perry and have since he entered the race. I, as opposed to you, continue to support the conservative position of capitalism. I am a conservative FIRST. You, on the other hand, are ANTI-ROMNEY first.
Listen, just because Gingrich briefly jumped on the Pitchfork Pat populist “corporations are evil” bandwagon doesn’t mean any thinking conservative should have followed him. These attacks are OWS-worthy and should be scoffed at.
Your mileage may vary.
You have not refuted any information posted.
Have a nice day.
You have a great day too ! Learn some economics, gather some understanding about our financial systems, especially in the context of the historical periods involved. Perhaps someday you’ll be up to speed and be able to discuss these matters from a position of actual understanding.
Rick Perry has the record and executive experience. Some conservatives are just as elitist as the rats. So Perry didn’t go to an ivy league school. Haven’t we had enough of those? He comes from humble roots, served his country, is the longest serving governor, will implement a major domestic energy policy. He’s pro life and pro God and country. What’s not to like? His Texas drawl and mannerism? I live in the Northeast and can look beyond that. They tried to paint Sarah with that same brush if you recall.
I never mentioned Perry. ????????
Listen to the video on CBS regarding Solyndra and 11 others. Economist called it Venture Capitalist.
http://townhall.com/tipsheet/guybenson/2012/01/13/unreal_cbs_news_identifies_eleven_new_solyndras
Paging Mittens to please pick up the phone.
self ping to Forbes link on Bain
There seem to be posters that believe Romney is a dirty politician but a squeaky clean businessman. Astonishing!
Mag, if you're not anti-Romney, then you're only a pretend "conservative." There is no "first" and "second" in play.
No. But you are all defending Gingrich as the perfect conservative who is going to save the day. Obama doesn’t fear gingrich because he knows he has limited appeal.
Vulture/Venture both are the same to me especially when it involves the taxpayer forced be it by bonds or government intervention.
Taxation w/o representation when it is forced on us is rampant at all levels of government disguised using many different names.
You like Perry. I have a different opinion.
Ain't America great?!
I agree.
Lol...of COURSE there is...I’m not going to sacrifice my conservative principles by attacking capitalism just because it MIGHT hurt Romney. What next? Should I cry out that I’m one of the 99% and Romney is an evil capitalist? Should I turn into an anti-Mormon?
Pretend conservative my ass. Look in the mirror bud.
America is great. But it seems like we the people always lose in the end. Obama has taken control of the country. The media is complicit and the republicans appear to be powerless. His stooge is running the senate. No one cares that he’s usurping power. Makes you wonder if something nefarious is going on behind the scenes and congress has already list control. Feeling pretty hopeless and down right now.
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