Posted on 01/10/2012 1:23:20 PM PST by americanophile
On Fox & Friends this morning, Newt Gingrich fought back against Rush Limbaugh's criticism of his rhetoric on Bain Capital.
FOX HOST STEVE DOOCY: I was driving around yesterday in my car, and I was listening to Rush Limbaugh, and he was talking about you and how you're going after Mitt Romney and Bain Capital.
And he said that you're using the language of the Left to beat up on Romney over Bain.
He said it makes him uncomfortable because that's what the Left will do if Romney is the nominee.
GINGRICH: Well, I don't think I'm using the language of the Left. I'm using the language of classic American populism.
Main Street has always been suspicious of Wall Street, small businesses have always worried about big businesses.... and I think people have a natural concern when they see financiers come in from out of town, take over a company, take all the profits, and then leave people who are unemployed behind.
(Excerpt) Read more at gop12.thehill.com ...
Simplistically it is revenues exceeding costs.
In general conversation costs are all expenses, aka overhead.
Now if you want to get into accounting semantics for the cumbersome tax reasons that is a different story.
“So Romney rescued companies in trouble.”
NO, he did NOT. He killed them. Isn’t anyone on this thread paying attention?
What percentage of profits should a business share with workers? I'm just curious what the treshold is.
For a private company, those profits are the money they use to re-invest and expand the company. For a publicly traded company, those profits are the money they use to re-invest and expand the company and the money they use to repay their investors risk.
Should it be 10%, 50%, 100% to the workers?
Or should it be up to the company?
Profit sharing is great, my company does it, but it is completely dependent on company performance and expansion goals - which is the way it should be in my humble opinion.
WSJ says 22% failed %8 were mined so that means 70% succeeded.
What percentage of profits should a business share with workers? I'm just curious what the treshold is.
For a private company, those profits are the money they use to re-invest and expand the company. For a publicly traded company, those profits are the money they use to re-invest and expand the company and the money they use to repay their investors risk.
Should it be 10%, 50%, 100% to the workers?
Or should it be up to the company?
Profit sharing is great, my company does it, but it is completely dependent on company performance and expansion goals - which is the way it should be in my humble opinion.
So you’re saying Bain’s goal was to kill companies and kill jobs? Something is wrong with this whole line of thinking.
ALL of these candidates need to do some in depth research. What ROMNEY did was not done by Bain Capital. It was done by mitt romney and a handpicked crew. It was done knowingly and with malice. Period. Newt is tight about this. But he needs to be specific about how it was done.
Well said. And I agree.
Didn’t have a chance to listen to Rush today..I’ll have to read the article and see what the hubbub is all about..
The caller at the end of the show comported himself well, made cogent points, wasn't cowed at all, and had Rush flummoxed and searching for words a couple of times.
This was notable because the few callers who take on the task of debating Rush always are at a disadvantage because they don't have a magic golden microphone at their disposal.......the host is always in the catbird seat.
(I was pulling for the caller, by the way, LOL)
Leni
Do you consider payroll a cost?
Cain brought Godfather’s back to “profitability” by SHRINKING the business and firing a quarter of the work force. As a result, Cain made a handsome profit, and those people never got their jobs back, Godfather’s never grew bigger so as to hire more people — not while Cain was in charge.
Maybe it didn't grow, but it sustained its self keeping many in employment.
Gotta take the good with the bad sometimes.
Cain saved more jobs that bammie!! lol!
You might want to re-read that....
"Ten deals produced more than 70% of the dollar gains.
Some of those companies, too, later ran into trouble. Of the 10 businesses on which Bain investors scored their biggest gains, four later landed in bankruptcy court."
Oh for G-d’s sake! Are you blind? I have said it at least 5 times now. It was NOT Bain Capital. It was romney who ran his own outfit at the time, all brand new and called it Bain VENTURE Capital. Nothing he did was previously Bain’s MO. NOTHING. HIS operation start to finish.
You wanna keep defending mitt romney? Go right ahead and make a fool of yourself. But the truth is coming out. Why are you defending him anyway?
Sarah Palin is loath to support Romney. Todd endorsement of Gingrich is likely the closest we will get, because I think her Faux Contract likely prohibits her from endorsing, given that she’s paid for her political analysis.
I don’t know how to trace and prove this close-knit group of Romney’s “croniy capitalist’s” do you?
The film maker used to be a Romney campaign insider, so his information is accurate.
Some of those companies, too, later ran into trouble. Of the 10 businesses on which Bain investors scored their biggest gains, four later landed in bankruptcy court.
The Wall Street Journal examined 77 businesses and out of 10 "successes", four of those failed.
still a 60% success rate, is that bad? I am not an expert in this kind of stuff. but i would think saving 60% is pretty good.
Please tell me who the 4 solid conservatives remaining in the race?
A. Santorum
B. Gingrich
C. Perry
D. ?
Paul? Not a chance.
Romney? The picture perfect poster boy of RINOism.
Huntsman? Don't waste my time.
To whom are you referring?
TS
3 left Paul, Santorum and Perry
CNN had an article that called what he did “leveraged buyouts, a cousin of hostile takeovers”.
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