Mitt Romney has been quick to justify his record of laying-off workers and closing plants as CEO of Bain Capital by wrapping himself in the creative destruction of free market capitalism. But Romneys concept of capitalism is that you can fire workers and strip companies on the way up — and then if you are big and influential enough — demand taxpaying workers bail you out on the way down.
To Mitt Romney, venture capitalist, the average worker is an expendable line on a spreadsheet — until that workers tax dollars were needed to bailout financiers who promoted the leveraged buyouts and packaged the exotic financial instruments that led to the financial meltdown of 2008.
Who is more anti-capitalist? Is it Romneys opponents, who question whether or not a form of capitalism that allows a handful of rich people to avoid moral hazard, manipulate the lives of thousands of other people and then walk off with the money by getting a bailout from the taxpayers?
Or, are the real anti-capitalists Mitt Romney and his establishment friends in the Washington/Wall Street Axis who hypocritically enjoy having the option of firing “the little guy” and stripping the factory on Main Street on the way up — but then use their insider power and influence to demand those same little taxpayers bail them out on the way down? ~ Richard Viguerie
I find that people who support Newt Gingrich were a lot better at picking through Bain Capital and finding instances where they could actually attack them from a conservative perspective, than Newt ever was.
But, and Newt should have known this being the really smart political guy that he is, if our fight is over Bain Capital, we are going to lose the election.