Posted on 01/17/2012 6:59:16 AM PST by SmileRight
U mis-understad me..! I have NO contempt for any captialist that puts their money at risk. They deserve all the rewards they reap. What I don’t like are “captialist” that use their “monies” to buy or gain special favors in the halls of congress.
That is what Bain does. But its not just them that I have contmempt for, I abhor GM, Chrysler, many of the banks on Wall Street banks and others. They were all there sucking “off” the government tit. Who got the bill...? The poor American taxpayer, their kids, and their grandkids. There is something wrong when the super rich get the handouts and the poor guys get the bill. You may call that captialism, I call it thievery.
Mitt advocated, along with other establishment republicans, all the bailouts, everything the tea party marched against. Mitt is not a conservative. He is a big government republican just as is Karl Rove and others.
Please explain how Bain is a crony capitalist firm. I thought they were venture capitalists.
Bian Captial with and without Romney have and continue to send theit minions to the hallways of congress with cases full of dollars to buy votes and to buy special favors.
That “AIN’T CAPTILALISM”. That cronyism at its worst.
Please provide examples.
Romney was not at Bain then.
I want examples of subsidies. Big oil gives to politicians too but it is not crony capitalism as they really don’t get subsidies. They actually have regulations that cost a lot of money. The payments are a way of saying to politicians - “please leave my business alone”. Green firms are not saying leave me alone - they are saying please DON’T leave me alone.
....whatever floats ur boat.....!
>> use their “monies” to buy or gain special favors in the halls of congress <<
In other words, exactly what Freddie Mac and the health insurance companies did, following the “historical advice” that Newt gave them?
I think the advice Newt gave them was “NOT” to do the things they did.
But, you are correct, Fannie and Freddie were buying votes in the House, the Senate, and from presidential candidates and from the president. They still are.
BTW, I never said Newt didn’t have baggage..infact...I’ve said just the opposite. Newt is gonna have to defend somethings that are gonna be very, very hard for him to defend. But having weighed all the evidence, I still this his record points to conservative leadership.
Others may feel the same way about Romney. If you look at Romney’s record, all u see is left wing, liberal leadership. All we have to go by is their record, rhetoric means nothing.
I don’t think Newt was attacked for being a capitalist. Newt was attacked for being a shill for Fannie & Freddir.
Neither do I. I don’t think that was the point.
I think the only crony capitalist is the Obama administration.
Amen! You stated the case perfectly.
Exactly!! The more people attack Romney’s years at Bain, the more they drive conservatives into Romney’s corner! Enough with the attacks on free markets.
No...! Obama and his admin. is all out communist.
>> How do you refer to health insurance companies and which are private and Freddy mac, which is a GSE, in the same sentence? <<
Because the health insurance companies were fully on-board with the Obama “healthcare” plan. They lobbied like the dickens for the individual mandate, because they knew it would bring them tons of extra business. Crony capitalism purely and simply.
(Same with the drug companies. But I don’t know if Newt offered “historical advice” to them.)
Moreover, some of the biggest insurance carriers, the “BlueCross” group, are basically GSE’s. Their most important difference from Freddie Mac is probably that they are “non-profits” — whereas Freddie Mac was set up to pay dividends to shareholders.
Last but not least — and a step that the companies haven’t opposed — Obamacare transforms the health insurance companies into public utility monopolies, with regulated rates of return (via the “medical loss ratios”). In other words, under the new regime, it’s no longer accurate to refer to these companies as strictly “private.” They become hybrids, more like Freddie than ever before.
Bottom line:
When a world-class historical figure (in his own mind)like Newt takes millions of dollars from health insurance companies for giving them “advice about history,” I see his action as not substantially different from his getting that infamous 1.6 million from Freddie Mac. Newt, the insurers and Freddie all are feeding at the federal trough and seeking special favors from the powers-that-be.
Let’s stipulate that the author is correct. Even then, why is it so hard for Romney to make this case for himself?
His hemming and hawing, rather than a simple, forthright defense and explanation, is just another point in favor of the idea that Romney is nowhere near the “electable” candidate the establishment wishes to portray him as.
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