Posted on 01/09/2012 9:32:18 AM PST by Cincinatus' Wife
There are plenty of reasons not to like Mitt. But his career as a venture capitalist acquiring faltering companies to turn around and make a buck is not one of them. . . .
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His career as a venture capitalist is certainly a weak point for Romney but I don’t think it will sit well with Republicans to attack a capitalist but it will sit well with Democrats.
The Occupy Wall Street is all about the anti Capitalist feeling on the left. I personally think that the left gives too much credit to the anti-capitalism feelings in the US. I think, hope anyway, that the majority of the US realize that it is the limits put on capatilism that have caused our woes.
I don’t know what will happen but I am afraid that people who have not been laid off will not feel that Bain did anything wrong by closing the doors of companies that were failing. Business is not in business to keep people employed, either employees earn the company money or there won’t be any employees. When Republicans start preaching the evils of Capitalism we are in deep dodo.
On another thread, Romney said he likes firing people. There are actually FRs defending him. Oh, that should play across the country real well.
It’s pretty amazing to watch. Reagan would have NEVER gone this route and I don’t believe any of the ‘conservatives’ using this argument can effectively come across as Reagan-esque. If Pubbies have to come off like Lefites to make their case, they’ve lost.
Finance creates winners and losers - it’s that simple. Bain wasn’t unique (except for repeatable and decent returns) and they were not in the business of hiding the fact that they did leveraged buyouts. Never thought there’d be need to defend Business / Finance 101 on FR. :|
Attacking Romney is wonderful. Attacking him for his Bain work and layoffs resulting from re-structuring companies is outrageous.
If Romney truly did something wrong during his tenure, let us spell out exactly what he did wrong and why. Talking about it in abstract is simply Marxism out of conservative mouths.
Yep, this is what Occupy has ALWAYS been about ... the presumed nomination of Mitt. Well, at least the cat is out of the bag BEFORE we vote. And if the “elites” in the GOP think that defending Mitt on this is gonna help Romney (or their cause) they are deceiving themselves. Mitt’s group made a bundle and left people without their retirement ... it’s sickening. Capitalism is the best economic system in the world but “unbridled” capitalism is greedy and immoral. The GOP is missing an opportunity to rail against crony capitalism thereby stealing Obama’s thunder this fall.
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