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 ...
Are you paying me to be your personal secretary?
Like I can but you can't?
Go ahead a search it for yourself. That won't change Romney's attack on the whole insurance industry: "We'd all like to get rid of our insurance companies."
Which shows Romney to be both a hypocrite and a liar.
Bain=Good but Insurance companies=Bad, (Hypocrite). And the fact is many people freely buy insurance and would be worried sick without it (Liar).
Wrong, I had nationwide insurance for years, then I discovered I could save a ton and get a better deal and other benefits from the farm bureau, so I fired nationwide.
___________________________________________________________
Please folks, lets get real!
There isn't a cable company that supplies cable to Hotel's Motel’s and for that matter homes that doesn't include Porn on the menu. If you own stock in any company that has cable then you are supporting porn. I'm sorry I just don't buy it. I don't have cable, not because I don't want to support porn but because there is nothing they have that I want.
Bain Capital was a successful company and is still a successful company because they help businesses succeed. Bain bought companies that were in trouble already, they were purchased because they were on their way out. Bain purchased them to try to make them work, if they couldn't make them profitable then they sold the assets and tried to get some of their investment money back.
If Mittens can't make that simple argument then he doesn’t deserve to be in front of anybody.
Gringrich has only hurt himself with his attack on Bain and Capitalism. Republicans, a good many of them anyway understand how capitalism works and don't fault Bain despite the poor unemployed workers at the plants that Bain closed. Gingrich has made himself look very little and spiteful by doing all this. The democrats will do it soon enough if Romney is the nominee and there is a real possibility he will be so the introduction of this does not hurt Romney I think it only hurts Gingrich.
I do think that all this helps Santorum because he has not played into it and has stayed above all the ruckus. I'm hoping that Santorum has a shot. I am very disappointed that Bachmann didn't do better, she was a woman with principle and a great platform. I hope she comes back.
I would not have voted for Gingrich in the primary anyway, my vote will go to Santorum, but after this childishness even if Santorum drops out I will not vote for Gingrich in the primary. Of course if he wins the nomination then I will be voting for him but I won't have to be happy about giving my vote to another RINO. I personally believe he wears his Catholicism on his sleeve for the benefit that it will give him in the race. If I could believe otherwise perhaps the bad taste in my mouth would not be so bad. I will be curious to see how long he remains true to the faith if he loses.
Mitt was for all of those in the past. Now he is against them. He grew more conservative as he got older.
He may not win but he sure as heck is going to make Newt mortgage a vacation home or two before he’s done. You guys at Bain have any job openings left?
Gingrich is wrong in this line of attack, totally wrong, and he (and his mentor Saul Alinsky Obama) will destroy America if he continues this course of action. Attacking one of the basic tenets of capitalism and handing the microphone to Barack Obama to continue the assault on the greatest wealth generating nation in the history of the world is an evil act - and Gingrich is guilty of it. Obama and Gingrich are one in their fundamental attack on American Capitalism.
He and Obama wish they could do what Romney did. Romney returned huge sums of PRIVATE money to his investors, and created thousands of jobs. Obama and Gingrich took the taxpayers’ money and squandered it. And the Republicans are spending money attacking Romney on this! This is Romney’s strength, the expert’s eye to find waste and eliminate it, make enterprises more efficient and more productive - including government. Through his talent, his intelligence, and his hard work he generated huge profits and tremendous wealth and this dwarf Republican and Saul Obama have the chutzpah to criticize him. They could not shine his shoes.
What Romney did is the allocation of scarce resources. Don’t talk to me about ‘workers’ because Obama and socialism are destroying millions of jobs and impoverishing our nation to mid-east oil states, and don’t tell me you can do it more efficiently Comrade Gingrich, because the market is smarter than you.
What did Obama do that was comparable to Bain Capital?
Obama’s only deal was having a felon buy him a home and then he organized a protest outside a banker’s home for not making more sub-prime mortgages. Romney has forgotten more about the economy that Obama will ever know.
Just like he did in Romneycare, right? Hahahaha...
Thanks for your response.
Hodar exposes you for the POS (Person Of Sophistry ) you are on another thread:
http://www.freerepublic.com/focus/f-news/2831144/posts
Items 34:
“I want people to be able to own insurance if they wish to, and to buy it for themselves and perhaps keep it for the rest of their life, and to choose among different policies offered from companies across the nation. I want individuals to have their own insurance. That means the insurance company will have an incentive to keep you healthy.
“It also means if you don’t like what they do, you can fire them. I like being able to fire people who provide services to me. If someone doesn’t give me the good service I need, I’m going to go get somebody else to provide that service to me.”
Full quote
Source
Video at Source link.
Funny, when you look AT WHAT HE ACTUALLY SAID - it doesn’t sound anything like what you are accusing him of. If you are going to blast him, please do yourself the favor of knowing what you are talking about.
I’m not a Mitt fan, never have been. I find his flip-flopping on abortion, gun rights, illegal aliens, goverment mandated insurance and other issues quite disgusting. But, I’m a big fan of honor, integrity, honesty and knowing the truth. Attacking someone over a lie, either means you have no integrity, no honesty, do not know how to tell the truth - or you just don’t know what actually was said. I’m giving you the benefit of the doubt, because I think you and I will agree 100% with what was actually said.
34 posted on Tuesday, January 10, 2012 5:24:21 PM by Hodar ( Who needs laws; when this FEELS so right?)
Thanks Hodar.
I guess if I criticize a ticket scalper I’m now going to be called a Marxist socialist left-wing progressive communist. Not everything people do for profit is a good thing. Sometimes they benefit some people at the expense of other people. It’s a totally legitimate question to ask who did they hurt, who did they help, and are the voters comfortable with that in the person elevated into their most trusted and powerful leadership position or not?
So Nationwide wasn’t on your side.
Is there some requirement for insurance through farm bureau?
I recall from living in OK that it was an alternative with better pricing.
Right. I’m probably one of the most rabidly pro-market people here—for instance, I’d love to see total privatization of public utilities, roads, police, courts, etc.
But that doesn’t mean I have to take a “what happens in Vegas, stays in Vegas” attitude towards what people do in the medium of private enterprise. None of these so-called defenders of free-market capitalism are doing capitalism any favors by advocating this kind of forced obliviousness.
Looks like California FB offers Nationwide.
Oh well.
I'm not a fan of populism, of either the left or right. That being said, I still think gingrich is the best choice in this campaign. I'm just disappointed in these particular comments.
Not anymore, if you use the lending/banking division, you pay a membership fee, but insurance has no requirements.
It's an odd fit, when you consider RomneyCare. Granted, I guess you (or your employer) can switch carriers if you want, but given the massive number (I read 53) of MA "mandated benefits", I doubt there's much to choose between them. Choice, indeed!
If you consider pension funds and taxpayer bailouts "PRIVATE" money.
Dealing crack is capitalism, too. I guess it’s all good, since it’s ok to raid companies pension funds, leave them underfunded, and force the taxpyers to cover the bill while lining your pockets.
Capitalism is like any tool, it can be a force for good, or it can be a force for bad....like a gun...it can be a good tool to defend oneself, or it can be used to commit a heinous crime.
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