[VanDeKoik]

The fact that you brought this up means you hate capitalism.
Obama would certainly not know of this if it wasn’t for people bringing it up now, let alone use it!

/s

[muawiyah]

Every business in America relies to some degree on the ability to fire people.

We are currently very deep into the Great Obama Recession ~ by now everybody has had to lay off somebody, or shift costs to the retirement plan (popular with government BTW).

Now, the big one ~ whether it's Bain or Henry Ford or the US Federal government, if as a regular practice you don't hire new people coming out of college or highschool you can end up with FOUR YEARS WORTH of young people who have never had a full time job, or a job anywhere near the trade or profession they were trained for.

They become a "wasted resource" for society and themselves, and in the starkest terms possible, turn into a generation of young people with a barely Third World level of employment.

This Bain thing is trivial compared to NOT HIRING.

I am prepared to sell them the RED ARMBANDS so they can look good on the day they march on us!

[edpc]

If Mitt Romney had founded a business that did not rely on firing thousands of people as part of its business model......

This in no way is a defense of Romney, but give me a break. Perhaps we should have the GM govt bailout model, where taxpayers prop up failing businesses to keep people working and making products nobody wants (see the Volt)....?

These businesses suffered from internal problems and inefficiencies....hence the changes. In one instance, a purchased company was a union shop. They offered to renegotiate the union contract to keep people working, but they said NO. The shop was closed and everyone lost.

Who was the real problem?

[Diogenesis]

Romney's VULTURE CAPITALIST thinking was what happened
when he was a bad gov. in Massachusetts.

"As U.S. real output grew 13 percent between 2002 and 2006, Massachusetts trailed at 9 percent.
* Manufacturing employment fell 7 percent nationwide those years, but sank 14 percent under Romney, placing Massachusetts 48th among the states.
* Between fall 2003 and autumn 2006, U.S. job growth averaged 5.4 percent, nearly three times Massachusetts' anemic 1.9 percent pace.
* While 8 million Americans over age 16 found work between 2002 and 2006, the number of employed Massachusetts residents actually declined by 8,500 during those years.
"Massachusetts was the only state to have failed to post any gain in its pool of employed residents," professors Sum and McLaughlin concluded.
In an April 2003 meeting with the Massachusetts congressional delegation in Washington, Romney failed to endorse President Bush's $726 billion tax-cut proposal."
[Cato Institute annual Fiscal Policy Report Card - America's Governors, 2004.]

[txrangerette]

Oh yeah, how dare you post a piece about Vulture Capitalism becoming the face of the GOP in the person of Mitt Romney?

That is so wrong...attacking CAPITALISM that way!

Sheesh.

You’d think Rush and Sean can’t walk and chew gum at the same time.

(Attacking Rick Perry...and in Rush’s case, Newt as well, for supposedly attacking Capitalism)

And if you did think that...

Apparently you’d be right.

[RetSignman]

[No one is suggesting that Mitt Romney was evil or immoral or corrupt or criminal]

That may be true but when obama gets done with Romney, that is exactly the image that will foisted on the American public.

Videos of devastated families, pictures of abandoned businesses, tying far right wing talk show host to evil Bain Capital, cherry picking videos of sobbing women and children forced to go on welfare, people who lost their homes and if they are ‘lucky’ enough maybe even a suicide because of Bain.

On and on and on.

[Lakeshark]

This guy lays it out well: http://www.riehlworldview.com/carnivorous_conservative/2012/01/conservatives-are-being-played-perry-and-gingrich-are-right.html

[USS Alaska]

Is it true that a slash and burn vulture investor is the best advocate for job creation?

I am not a mitten wearer and until Newt went socialist with his recent bullshit rants, I was a Newt supporter.

I'm switching to Santorum, but if anyone defines an investment company as a "slash and burn" investor, they have defined their own biased view of capitalism.

There is only one reason to create a company, for profit, not to create jobs, not to promote the general welfare, not to provide health insurance for workers, just for profit.

In all the businesses that I was involved in both as an owner as well as an employee, never once did I think there was any reason other than profit for the owners and/or shareholders.

The ussr claimed to be superior to the US capitalist pigs because they had no unemployment.

When the proletariat bitched about low wages or bad service or no choice of food stuffs, they were sent to the gulags.

100% employment, such a deal.

[GBA]

Vultures have their place and perform a necessary function, but that doesn't mean if you don't care for them or what they do that you hate birds or the rest of the animal kingdom.

While corporate raiders are one form of capitalists, I've yet to meet a small to mid sized business owner, the majority of capitalists, who see themselves in the same light as a corporate raider.

Hookers, pimps and drug dealers, along with the rest of the black marketeers, are all capitalists too. If you don't care for what they do, are you anti-capitalist?

Romney = Write in

[11th Commandment]

I think the argument against Romney should be as follows: Businessmen know can create jobs and necessarily remove jobs in a micro economic sense, but that does not translate into an understanding of how macro economics work.

Case in point: Warren Buffet of Berkshire Hathaway. Smart investor and businessman. Has created and necessarily removed jobs. However, his economics are horrendous. His advise to Gov. Arnold was suicide.

Another example, I am sure a Big Sugar Executive will tell you he knows how to save jobs. By lobbying congress for sugar tariffs and quotas, he will tell you he has saved 500 jobs for several decades! But at what cost? Higher market prices for consumers. Lost jobs in the American Candy industry. This week Hostess filing bankruptcy again due to increasing sugar prices!!

What about all those businessmen corn/ethanol producers. They claimed subsidies increased American jobs! But again at what cost. Higher gas prices, higher food prices, lost jobs for people who produce chicken, meat and swine..

I think you hit Romney here. You point out that creating jobs is not the promotion of crony capitalism, but by opening up markets. Then show that in Massucuettes Romney practice crony capitalism with his health care, tax code and regulation.

[11th Commandment]

I think the argument against Romney should be as follows: Businessmen know can create jobs and necessarily remove jobs in a micro economic sense, but that does not translate into an understanding of how macro economics work.

Case in point: Warren Buffet of Berkshire Hathaway. Smart investor and businessman. Has created and necessarily removed jobs. However, his economics are horrendous. His advise to Gov. Arnold was suicide.

Another example, I am sure a Big Sugar Executive will tell you he knows how to save jobs. By lobbying congress for sugar tariffs and quotas, he will tell you he has saved 500 jobs for several decades! But at what cost? Higher market prices for consumers. Lost jobs in the American Candy industry. This week Hostess filing bankruptcy again due to increasing sugar prices!!

What about all those businessmen corn/ethanol producers. They claimed subsidies increased American jobs! But again at what cost. Higher gas prices, higher food prices, lost jobs for people who produce chicken, meat and swine..

I think you hit Romney here. You point out that creating jobs is not the promotion of crony capitalism, but by opening up markets. Then show that in Massucuettes Romney practice crony capitalism with his health care, tax code and regulation.

[11th Commandment]

I think the argument against Romney should be as follows: Businessmen know can create jobs and necessarily remove jobs in a micro economic sense, but that does not translate into an understanding of how macro economics work.

Case in point: Warren Buffet of Berkshire Hathaway. Smart investor and businessman. Has created and necessarily removed jobs. However, his economics are horrendous. His advise to Gov. Arnold was suicide.

Another example, I am sure a Big Sugar Executive will tell you he knows how to save jobs. By lobbying congress for sugar tariffs and quotas, he will tell you he has saved 500 jobs for several decades! But at what cost? Higher market prices for consumers. Lost jobs in the American Candy industry. This week Hostess filing bankruptcy again due to increasing sugar prices!!

What about all those businessmen corn/ethanol producers. They claimed subsidies increased American jobs! But again at what cost. Higher gas prices, higher food prices, lost jobs for people who produce chicken, meat and swine..

I think you hit Romney here. You point out that creating jobs is not the promotion of crony capitalism, but by opening up markets. Then show that in Massucuettes Romney practice crony capitalism with his health care, tax code and regulation.

[Fawn]

What really bothers me about Romney is that he is part Mexican and most of his relatives are....what makes anyone think he’s going to do anything about the borders??

[meadsjn]

No one is suggesting that Mitt Romney was evil or immoral or corrupt or criminal.

Like He** They Aren't !!!

He'll suck the lifeblood out of the USA just like Obama is doing, just with a different group of recipients.

[DManA]

Why is he using the word Vulture do disparage Romney? Vultures are magnificient animals. They perform a crucial role in the environment. We are all better off because vultures exist.

[LibertyJihad]

You prefer the federal government method of management? Government jobs are NEVER eliminated. Federal employees continue to get paid regardless of whether they are worth keeping because the federal government borrows and prints money at will. If the federal government were a private business, it would have gone out of business long ago BECAUSE it never fires anyone. Ah yes, if only Bain Capital had been smart enough to take its management cues from you and the Ruling Elite, it too could have lost money without any cares or worries. Bain could have, by force, extracted money from private citizens just like the feds.

You are a buffoon.

[RayBob]

I am no Romney supporter...inj fact I am a Perry supporter, but I hate Perry going after Romney on Bain, as well as Newt and Santorum... they are attacking capitalism using the language of the left. There are plenty of ways to go after Romney, but this is not one of them.

Bain (and many other VC firms) specialized in rescuing failing companies. There are many good businesses out there that for one reason or another (be it market conditions, mismanagement, whatever) become distressed businesses. They are going down regardless of what happens and all of their employees will lose their jobs. Bain would come in and infuse them with capital and restructure them. those with good business models survived and folks kept their jobs and Bain made money. Those that were too far gone or did not have a good business model or product/services to offer ended up failing, so they were shut down and liquidated.

Bain was not a corporate raider, swooping in to buy prosperous businesses, then fire all employees and loot the company coffers. They made their money rescuing failing businesses and recouped their investment on those they could not fix by liquidating. Its as simple as that.

[LZ_Bayonet]

"No one is suggesting that Mitt Romney was evil or immoral or corrupt or criminal."

No matter my politics or yours, THIS STATEMENT IS A LIE . And the fact that you thought it necessary to say it is evidence that the writer knows it is a lie.

[JohnC2004]

Instead of shutting down failing companies, Romney should have gone to the Whitehouse and asked for a 500 million dollar Solyndra style loan, THEN take the taxpayer money and shut it all down.

Go big or go home!!!

[Antoninus]

What Romney and Bain Capital did was not capitalism. It was corporate raiding. It was exactly the kind of behavior that gives capitalism a bad name and it is absolutely legitimate to bring this stuff up. In this regard, Romney isn’t much different than George Soros who operates much the same way.