Posted on 01/12/2012 9:53:46 PM PST by mas cerveza por favor
http://www.webcasts.com/kingofbain
If Romney is nominated, the Dems will paint him as a Wall Street executive who shut down American businesses and shipped American jobs overseas.
This video kinda has me liking the guy. If he applies this to the government sector, think of how many government agencies we can put out of business.
And they’d be right. Then he got the government to step in and bail out the raided company pension funds (at least in a couple of occasions).
Bill Bucklery once wrote that the worst thing about capitalism is capitalists. Bad men will inevitably rise to the top of companies along with good men, and often the bad men are more able. But capitalism is not an ideology. It depends on men making free choices that are often the wrong choices. Just as football games are something won by inches, sometimes by a “Hail Mary” pass, so there are many way to succeed and many ways to fail. Some of the successful ones are shady, and are based more on connections than ability. We are just now beginning to see what sort of businessman Romney was.
Dream on.
Look at his supporters - the Bush Klan. Did ANY of them reduce government?
Romney is better than Obama - but that doesn’t say much. He and his backers are part of the problem - the GOP establishment which gave us the Bushes and McCains and, indirectly, Obama.
If he follows the same technique, he is more likely to give any money saved to his favorites and to create new agencies.
Remember, Friends don’t let Friends vote for Romney!!!
It was a joke. Besides, I don’t believe Mitt will be the nominee. Let’s see how Santorum does in SC.
No doubt that if Romney wins the nomination Donald Trump will jump in as a Tea Party candidate.
-snip-
"GINGRICH: Well, first of all I'm not attacking Bain Capital. I'm questioning Mitt Romney's judgment; I'm questioning Mitt Romney's decisions. I've raised the question, which I think's a totally legitimate question: What about some companies that Bain took over, uhhh, that went bankrupt? And what I've said is this isn't about free enterprise. This is one of those phony efforts to throw up a smokescreen. This isn't about capitalism. This isn't even about private equity funds. This is about one person who wants to be president of the United States. He owes the country an explanation: Why were certain decisions made, how were they done, what was the consequence of them, does he stand by them in retrospect?
RUSH: Okay. So it is obvious that Newt not backing down in the attack on Romney. Even though he said he agreed with the guy in Spartanburg, South Carolina. So then Greta said, "So, what I understand from what you said is, you're not anti-venture capitalism, that you're pro-capitalism. So let me ask you this: At what point is it sort of fair to sort of clamp down on venture capitalism? Is there a point where there is abuse and it's not just sort of open season for venture capitalists to do whatever they want?"
GINGRICH: Well, I think there's always, uhh, some boundaries of free-market behavior that you watch and you check. If Governor Romney thinks there's nothing there, then he ought to just hold a press conference, walk the news media through it, explain how it was done, let people see it. But I find it strange that they are so sensitive on this issue that they've sort of pushed the panic button. But -- but -- but -- but understand me: This is not about free enterprise. This is about the character, values and judgment of a particular person who is running for president of the United States.
RUSH: Okay. So I get the walk-back now. What Newt's trying to do here is walk back his indictment of capitalism, and he's trying to focus it on Romney as a mean guy. He's trying to get everybody focused like a laser on the idea that Romney is a cold-hearted, mean-spirited, heartless SOB who doesn't care who gets hurt as long as he profits. That's how I read this. He said "character." He said, "We gotta look at the character, the values and judgment of a particular person who's running for president." He did. Character. That's what Newt said, "character values and judgment particular person." He's walking back this whole notion that he's talking about capitalism and Bain.
That's right. He wants to talk about the character and values and judgment of a particular person. I assume he doesn't mean himself. No, he doesn't mean himself. He's talking about Romney here. "It's about the character, values, and judgment of a particular person who's running for the president of the United States." That's the "character, values and judgment" of Mitt Romney. That's what he's trying to say. Now, we move to this morning on Fox & Friends. Guest, former New York City mayor Rudy Giuliani. Steve Doocy, the weather guy, said, "You pick up the phone as soon as you're done and you say to Newt what"
-end snip-
http://www.rushlimbaugh.com/daily/2012/01/12/newt_s_revenge_divides_gop_to_the_delight_of_liberals
Saying that a person who objects to corporate plunder is anti-capitalist is exactly like saying that a person who objects to abortion is anti-medicine.
It’s absurd, insulting and borders on intentional misdirection.
Or saying that someone who doesn't believe in man-made global warming is anti-science.
WOW!... That's very good. Worth repeating my FRiend :-)
It also has nothing whatsoever to do with venture capitalism. That’s another bit of misdirection tossed into the discussion. There is nothing wrong with venture capitalism, whether practiced by Bain or anyone else.
NONE of the examples in the film “King of Bain - When Mitt comes to Town” represented venture capitalism. These were examples of targeting going concerns, taking them over, saddling them with insurmountable debt to enrich the predator, selling off the physical assets, firing the employees, and leaving town before dawn.
This is not a description of venture capitalism, which consists mostly of funding promising start-ups for a piece of the action.
Venture capitalism is risk taking; corporate plunder is just unadorned taking and giving nothing back.
Good... I may use that one.
Romney and Associates were sued on more than one occasion for professional mismanagement and unjust enrichment. In the case involving Dade International it seems that there was enough evidence that Bain was denied some of the stock proceeds or something.
The article I read was short on details, but I thought I might be able to find more later this week.
Romney used a formula, a tactic that was very close to the house flipping that was going on in the early 2000s. In house flipping, you bought a house at a low cost, gutted out the old interior finishings, replaced with new finishings and sold it for a profit. Instead, with Bain Capitol, it was company flipping where you bought a company, took its capital assets, flipped them for a profit and spit out the company and its employees like a carcass. It is hard for most people to understand how it was done unless you are an economist. Once you understand what Bain Capitol was doing, then you understand the callus nature of its operation. Governor Rick Perry was correct. It was vulture capitalism. I say it was capitalism that had mutated into a cancerous growth.
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