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To: bboop

You could bring Karl Marx back from the grave, have him criticize Bain, and someone would find it “enlightening.”


10 posted on 08/30/2012 8:09:43 AM PDT by 1rudeboy
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To: 1rudeboy
I posted this article because in this article Taibbi covers the federal tax breaks that made the Bain Capital hedge fund deals possible. Without this form of "government aid" making debt interest tax deductible for companies like Bain, most of these deals wouldn't have worked. That's something I didn't know before.

Anyone who's actually been in business knows about guys like Romney. They're the priviledged financial guys who take over a company, push a bunch of people out of their jobs to cover the debt they load the company up with, and then install some clueless MBAs who don't understand the business they're in. The company collapses but the hedge fund operators like Romney always seem to make out just fine.

And before anyone else accuses me of being a democrat troll, check my profile--here since 1998 and participated in the original FR March for Justice for the Clinton impeachment. I take a backseat to no one on my conservative cred, but I think it's important to know who is being put up in front of us to vote for in November.

15 posted on 08/30/2012 8:22:05 AM PDT by NetLiberty
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