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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 ...
and the mandated/fascist defined benefits is where the market argument ends.
Obama is going to laugh at Romney, ridicule him and generally make Romney look like????
Romney had his chance to shine in ‘08 and chose to be a glad hander.
Now, he is just going to have azz handed to him.
“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?”
Tonight’s Master of the Obvious Award, that’s why Laws are written, real intent can not be Codified.
Right. I think it's also a grave mistake to speak (think?) of capitalism as monolithic -- Wall Street and Main Street are often not on the same wavelength. And there must be a reason why the bulk of Wall Street money goes to Obama! He talks a good game against them, but he apparently doesn't mean it and they know it.
I read something years ago (don't recall by whom -- it was probably over 30 years ago!) pointing out that executives who primarily deal with or manage other people's money (e.g., banks, brokerages, private equity firms) tend to be liberal, while those who are using their own money (e.g., small or family-owned businesses) tend to be conservative. (BTW, I heard on the radio today that more money from Bain employees has gone to Obama than to Mitt.)
And surely it's been pointed out here on FR that big business often favors heavy regulation because it suppresses competition from those upstarts who can't afford it. Everyone favors free competition, it seems -- until they're on top, and then it doesn't look nearly so attractive!
There just aren't two clear-cut sides here!
Yes, it is and I’ve already posted it on a couple of threads.
Thanks very much for the ping.
I meant to bookmark this thread!
Bull $hit.
This is an attack on capitalism and Gingrich cannot have it both ways.
This is a wrong attack, and Gingrich and Perry will sacrifice this nation for their own puny gains. This attack is the farthest thing from conservatism.
Sure glad life is so simple on your planet.
It’s hard work.
I have 3 companies and we strive to do just that every day.
That's funny. The last couple years all I've been hearing is that we don't want a president who thinks he can pick winners and losers.
Bain received bailouts. Wall Street socialists were the winners.
Welcome back to planet Erf. Sorry you have been away so long. You must have missed Porkulus and its bastard children. Makes Bain look like small beer.
Seriously?
In as business context, particularly the line of business he was in, that is his job.
As far as the government picking winners and losers they should mind their own business.
Weird.
A good many here are starting to sound like the OWS.
That article you read was shaded.
You are completely unhinged.
Romney is a fricking toad. This business about Bain is stoopid and sends the conversation sideways.
I don’t see how Gingrich, Perry or Santorum can contrast their policy positions with this crap.
In fact, in many ways, Romney ought to send Gingrich a thank you card for elevating this putz and keeping whose name in the news? Mutt.
Stoopid tactic and Mutt is benefiting....we are not.
LOL
Conversely then the lack of experience in business would disqualify the others? /s
Definition of ‘Vulture Capitalist’
1. A slang word for a venture capitalist who deprives an inventor of control over their own innovations and most of the money they should have made from the invention.
2. A venture capitalist who invests in floundering firms in the hopes that they will turn around.
Investopedia explains ‘Vulture Capitalist’
Like them or not, many vulture capitalists make more money than the venture capitalists do.
Read more: http://www.investopedia.com/terms/v/vulturecapitalist.asp#ixzz1j7QwMjB9
I am talking about Obama not achieving anything like Bain, Obama never had a real job. His only previous business experience was having a felon buy him a home. His political experience included getting a divorced decree opened up in public thanks to Axelrod, and organizing an ACORN protest at a bankers home because he was not doing enough subprime mortgages.
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