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 ...
thanks.
That Texas district that I used to live in and around (I’m a Houstonian and have lived in Alvin, Liverpool, Webster, etc) may change a little but it is still his congressional district.
Paul cannot win statewide office, nor anything else outside of his district, he has spent decades trying. Paul has found a good lifestyle, and works the fringes for his support and lifestyle, he is retiring soon I believe.
I never used the word endorsed. You should work on your reading comprehension, and link some old stuff in to “prove” your points.
I also find it funny when people pretend to know all about a person, while admitting they didn’t even read the comment they are responding to.
I always recommend that people who care about what others said in the past should read what I’ve written. My name is on it, after all. I don’t agree with everything I said in the past, but I stand by it.
If I called you a “Romney Hater”, I apologize. I don’t really like the shorthand people use to minimalize other Freepers (like “PerryWinkle”). But back then I obviously used shorthand. I’ve tried to take that into account this election cycle, although it’s always easy to fall back into bad habits. As I’m a “Romney Hater” now, I don’t think I’d get much grief for using the term. Is it really bad to hate Romney the candidate?
Yes, he’s out this year.
I agree with Newt. Free market capitalism is not about distorted markets. Distorted markets are caused by monopolies, illegal and/or unethical acts, by ill-advised law, by powerful groups or individuals manipulating the market, and by any other act or individual exercising undue influence.
Newt is simply describing the distortion in a market that results when powerful individuals prevent market forces from operating.
Bain intentionally bankrupted companies by having them borrow exhorbitant amounts with Bain siphoning off huge fees from the borrowed money and with Bain allowing those companies to default, file bankruptcy, and pay creditors/contractors mere pennies on the dollar.
This manipulation of bankruptcy and corporate law will prevent Romney from winning in the general election. Kennedy used it to destroy Romney in the first of Romney's standard election losses.
Take that, Romney's flip-flops, and Romney's ObamaCare, and it is absolutely certain that Romney cannot win.
Has anyone wondered why McCain easily defeated Romney the last time around? McCain was a quack and had zero force whatsoever, yet he easily defeated Romney with the flip-floppin' issue.
Obama is salivating to get his chops into Romney.
And, there are many conservatives who simply will not support Romney...me included. He is unreliable on life, on taxes, on guns, on Israel, and on the natural family and natural marriage.
Romney loses elections. It's his MO.
By the way I’m not living in Texas now, I was born in Houston but except for family visits haven’t lived there in a long time, hope to again though.
BTW, I realize that your complaint about “Romney Hater” must be specific to being against Romney, as it is common these days to use the terms “Perry Hater”, “Newt Hater”, and my favorite “clueless brainiac Haters of Newt”.
Like I said, using the term “-hater” seems to be a common occurance here. But I’m trying not to use it.
I never said “remaining” as I was discussing the entire campaign, but you aren’t the only one who I think was confused by that.
I don’t count Gingrich in the list; my list was Santorum, Bachman, Cain, and Perry.
I do think I’m too hard on Gingrich though. He’s certainly conservative, or was at one time. He’s not “consistant”, and the others were more so, and after 2008 I don’t want to settle unless I have to.
There is no pure capitalism in America today. In a pure Capitalistic state, there would be no such animal as a bankruptcy where a company's debts are wiped out while the owners of the company can walk away with the assets and use them to buy other small companies and then bankrupt them.
When our country was founded, if you reneged on debts when you had the ability to pay, you went to jail and your assets were sold to pay off your creditors.
What Romney did with Bain is technically not illegal, but it is immoral and worse, it is not "capitalism."
Bain is a beneficiary of the worst kind of corporate welfare. And Romney is the poster boy for Corporate Welfare. And the democrats will hit him hard with this charge and it will stick because it is true.
Quit being a hater-hater...
I try really hard to respect you, but sometimes you make it very difficult.
Maybe after Gingrich crashes and burns you and I can support Santorum together.
It’s fun to see the old gang still fighting 4-year-old battles. Not like we have any problems right now, like the conservatives splitting their vote and letting Romney sneak through.
Although Finny apparently thinks that is part of my nefarious plot to get Romney elected by causing conservatives to all support different candidates, which I did partly by telling people we had to find one conservative, knowing that people hate me and would do the opposite.
So yeah, I’m as pleased as punch that good conservatives were trashed by people who wanted “something better” and now Romney is winning and we’re all shocked.
And onyx is “on to me”, and has been for a long time, certainly since this summer when I was trying to defend Perry from rediculously overblown attacks, and she was against me because she supported Sarah Palin and was telling us she knew for certain Palin was going to join the race any day, so we shouldn’t worry about other conservatives.
Who did more for Romney, those of us trying to defend conservatives who were beating Romney in the polls, or those who trashed other conservatives because they were sure Palin was going to join the race?
Excellent point.
Given your background, perhaps you can explain how Bain can "buy" a company like AMPAD, borrow it into bankruptcy, and then not be liable for the debts of its own company. Is that something out of corporate law, that a conglomerate corporation isn't responsible for for subordinate businesses in the same way that individuals of a corporation are not personally liable for corporate debt?
I don’t try to respect you; Jesus Christ said to let your Yea be Yea, and your Nay be Nay.
Onyx is totally respectable, regardless of what she favors.
It is usually done through "holding companies" which are corporations that have no employees and exist solely for one company to buy out or run another company without incurring any liability for the failure of that company should it go belly up.
So if you are a big company and you want to buy up a bunch of little companies, you set up a holding company and then use that company to buy up the small companies. The Holding company then transfers all the assets of the small companies to the Big Corporation and then the small companies owned by the holding company can declare bankruptcy and the Big Company is insulated from the creditors.
Effectively after creating the holding company, the Big Company becomes a creditor to the Holding Company by purchasing the small companies and then when the small companies are gone and the Holding Company no longer has any assets, then there is nobody for the creditors of the small companies to go after.
This kind of corporate structure did not exist in 1789.
In 1789 anyone who tried to do what Bain does as it's business model, would have been thrown in jail and maybe even hung.
It looks more like 4 months old.
To: CharlesWayneCT
And a RomneyBot chimes in.
34 posted on 08/01/2011 9:39:20 PM PDT by Jim Robinson
Bain set up Bain Capital with Romney in charge.
One of his deals involved a company called Ampad. They had Ampad keep buying and borrowing far beyond its ability to pay it’s creditors. In the meantime they took enormous fees (multi-millions) out of the money that Ampad was borrowing.
Ampad eventually couldn’t meet its obligations and went into bankruptcy. The Bain parent was entirely protected somehow and got to keep every million it siphoned off while creditors/contractors of Ampad took huge losses paid at pennies on the dollar.
This is the kind of deal that Ted Kennedy destroyed Romney with in Romney’s senatorial campaign.
It will be used again by Obama to destroy Romney. Gingrich is right to get it out in the open so folks can stop with this silliness about Romney’s electability.
Romney has lost a huge percentage of the races he’s ever been a personal part of. And he’ll lose to Obama.
You do know the Ampad story was contrived by the Boston Globe to help Kennedy, don’t you?
Trivia: How many people does Ampad employee today?
So mow we know who the troll complainer is.
“You better stop dissing Perry or I’m gonna tell on you!”. Typical whiny Perry supporters.
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