By making his attacks against Mr. Romney as pathetically stupid as what the liberals will do, Newt Gingrich is starting the process of inoculating Mitt Romney against those attacks. The most effective way to make money from a troubled company is to buy the company at a low price and run the company more effectively. If the company can’t be saved that way, then selling off the parts and using the capital raised on the next prospect is the best next option. I’m not surprised that Democrats are ignorant of these facts, but I’m frustrated to see so many Republicans believing the anti-business nonsense.
Thanks for the informed post. It’s not about defending Romney, it’s about defending capitalism against the wave of ignorant OWS/Obama class warfare.
Newt can claim to be doing a service all he wants, he’s still innoculating the press and Obama, not Romney. I can just hear Anderson Cooper or some other twit saying “Newt Gingrich has criticized your predatory financial dealings, and Rick Perry has called your methods ‘vulture’ capitalism, how can you stand there and claim that government shouldn’t regulate these things when even the most conservative of Republicans is critical of your past dealings?”
Questioning someone’s business record is anti-business?
I think you don’t know what you’re talking about.
The question here is if one can make millions of dollars whether a company succeeds or fails then where is the risk-taking Romney speaks of so fondly? Look there isn't any evidence to suggest that Romney or Bain made their money illegally. Yet you don't have to support the Occupy movement to know that the playing field is pro-business, not pro-market. So it is disingenuous on Romney's part to decry welfare dependency as a poison to be fought when he has been more than happy to go before the government, role up his sleeve and have another form of poison injected into his arm and then come back for more. Romney is equally disingenuous to suggest that any criticism of his tenure at Bain Capital is an attack on free enterprise itself especially when he never practiced free enterprise in the first place. Mitt Romney is what I would call a corporate welfare bum.
Bingo. If this didn't happen now, and Romney is the nominee, this would have been the MSM 24/7 October surprise (or before).