Posted on 01/10/2012 1:36:20 PM PST by Utmost Certainty
We don’t know all of the details of how Bain conducted its business under Mitt Romney, but we do know that in at least several instances the conduct was to squeeze out cash while leaving behind a failed company. In many other instances Bain helped companies to grow.
In a capitalist system, that process of weeding out weaker companies and reallocating resources may serve a greater good, much as natural selection helps to make the population stronger. In a political candidate running for the presidency in the general election, however, it is potentially fatal.
In response to this entirely legitimate point being raised that a predatory history of investing may not be what we want in the nominee for the presidency, we have a chorus of voices asserting that Newt is attacking capitalism. Some of those voices long have hated and vented venom at Newt, others are less ideological and have reacted as if the entire capitalist system were under attack.
It’s sad to see so many in the Republican Party so incapable of distinguishing between economic and political arguments.
(Excerpt) Read more at legalinsurrection.com ...
All this Horse Shiite is completely stoopid and assures Mitt will be the nominee.
Attack this turd for his policy positions.
Bain, Romney and others did everyone a favor by identifying winners and losers.
I guarantee you the people who lost their jobs would have ultimately well, lost their jobs.
The companies that survived did so because of their value proposition, attention to the bottom line and always looking for opportunities to increase production, revenue and profit.
Why anyone can’t figure out business is a math problem is beyond me.
Too many months on the wrong side of the ledger and you just aren’t a going concern.
Too bad.
That’s life.
Get a life.
Move on.
All this bitterness is going hold you back.
I think it’s contemptible that we have a group of people on this site along with a ton of pundits, most important among them Charles Krauthammer and NRO editors who can’t grasp the basic truth in this article.
Is the Romney camp, including the hopelessly ignorant Ann Couter, so naive to think that the Obama camp would not be on him like a bad smell if he were to get the nomination? Let’s vette him now.
On the one hand if under scrutiny Romney ends up looking better to everyone, Newt is doing Romney a favor, on the other hand I fear that in doing this Newt may be cutting his own legs off.
I suspect that we will see what the article here says, that Romney, like Gordon Gecko, went in for the expressed purpose, NOT TO MAKE JOBS AS HE SAYS HE DID, but as a predator to pilfer those companies that were ripe for the picking. Perfectly legal, but is that the guy who is best poised to beat Obama?
I think not.
I don’t like what Newt has said, but so be it. It was MITTENS who CHOSE to make his work at Bain the centerpiece of his resume, along with outlandish claims of “created” jobs. So it deserves to be taken apart, good and bad.
He was talking about empowering people with choices and yes, firing service providers is a market response to alternative choices or flat out crummy service.
What is Romney’s position on abortion? What has it been in the past? What is his record?
What is Romney’s position on Gun Rights? What has it been in the past? What is his record?
What is Romney’s position on taxes? What has it been in the past? What is his record”?
What is Romney’s position on the size of government? What has it been in the past? What is his record?
What is Romney’s position on the Bill of Rights? What has it been in the past? What is his record?
How does Romney propose to put America back to work? What has it been in the past? What is his record?
What is Romney’s position on the right of privacy? What has it been in the past? What is his record?
How does Romney rate in regards to keeping his word? What has it been in the past? What is his record?
Just WTF is Romney’s position?
What is Newt’s position?
Compare/Contrast/Demonstrate superior value proposition.
I don’t think it is selling out capitalism to examine Willard’s record.
Asset stripping is an ugly part of capitalism and shouldn’t be glossed over.
Nor will it be in a general election. Let’s drag it out in to the light of
day and take a look.
“At its peak in 1970, the Kansas City plant, then owned by Armco Steel Corp, employed 4,500 people. Poor market conditions forced a wave of layoffs in the early 1980s and led the company to prune its product line. By the early 1990s, the plant focused on two items: wire for products such as mattress springs and tires; and high-carbon balls and rods used by the mining industry to pulverize rocks.”
ARMCO’s fault.
From this comment: http://www.freerepublic.com/focus/f-news/2829920/posts?page=33#33
So a dying company ended up dying? How much of that death was due to the economic & regulatory policies the Obama Regime supports?
That’s the issue! Newt is clearly the superior alternative but he is in fact cutting his own legs off.
Moreover, he is pushing the focus to some weird and maybe not even nonsequitor.
Whose name is coming up in all this? Mutt, effing, Romney.
This guy outta send thank you cards to his competitors for elevating him as the front runner.
Circular firing squad from that gang that all of a sudden can’t shoot straight.
This goes on much longer and I’m done. I’ll tune out the election because it will be ‘08 all over again.
Mitt choose to run on his vaunted “private sector experience”, so it’s worth gutting it to see exactly what kind of private sector ‘experience’ it really was.
If you can’t understand the basic premise here that Romney’s record is going to be a completely and utterly DISASTROUS liability in the general election, then I don’t know what to tell you.
Mitt choose to run on his vaunted “private sector experience”, so it’s worth gutting it to see exactly what kind of private sector ‘experience’ it really was.
If you can’t understand the basic premise here that Romney’s Bain Capital record is going to be a completely and utterly DISASTROUS liability in the general election, then I don’t know what to tell you.
Good article. This is important to explore now and see if Romney can explain it satisfactorily. If he can’t explain it well enough to win the primaries, he sure won’t be able to sell it in the general election.
It won't be horrible times nor will it be good times, but likely will lead to another 8 years of Clinton.
I gave you the quote.
It stands for itself.
According to Romney, Bain=Good and Insurance=Bad.
The hypocrisy is worth pointing out.
You are free to post your own thoughts but don’t pretend like you need to instruct me.
The whole sentence said fire people providing services, not fire company employees. We can probably fix this with a ten billion dollar government program, that takes over failing companies and keeps the employees on one side of the plant sharpening knives. And the other-side dulls them for recycling. Should work out well and we will save a ton on unemployment. That unemployed occupy woman with the woman studies degree could run public relations.
You gave a quote and it stands for itself?
By omission and out context?
LOL
I will tell you I am just like Mitt in the context of that statement.
I don’t get what I want “you will be fired and replaced with a superior alternative”(I hope) Whether that is for a service or an employee.
Non performance demands a response just as performance does.
So we are vetting Romney?
It almost sounds good. But.....
The guy picked winners and losers.
Romney: “I was talking about, as you know, insurance companies. We’d all like to get rid of our insurance companies.”
According to Romney, people don’t want insurance companies. Such a statement is hypocritical coming from him as well as untrue.
If you don’t think so then cancel your fire insurance and start a campfire on your sofa.
Questions about Romney’s ties to Marriott porn sales
http://www.freerepublic.com/focus/f-news/1859880/posts
First, Mitt Romney resigned from the board of Marriott, after serving for many years while the hotel chain made millions and millions of dollars from in-room porn.
http://www.freerepublic.com/focus/f-religion/2662340/posts
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