Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Selling out capitalism in the defense of Romney and Bain
Legal Insurrection ^ | Tuesday, January 10, 2012 at 8:38am | William A. Jacobson

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 ...


TOPICS: Business/Economy; Politics/Elections
KEYWORDS: bain; capitalism; gingrich; romney
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-79 last
To: maryz

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.


61 posted on 01/10/2012 4:22:15 PM PST by Vendome (Don't take life so seriously, you won't live through it anyway)
[ Post Reply | Private Reply | To 57 | View Replies]

To: JediJones

“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.


62 posted on 01/10/2012 4:27:29 PM PST by BilLies ( (ABCBSNBCNN, NYTimes, WaPOSt , etc., hates your Traditional American guts!))
[ Post Reply | Private Reply | To 50 | View Replies]

To: aMorePerfectUnion
I don’t think it is selling out capitalism to examine Willard’s record.

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!

63 posted on 01/10/2012 4:43:16 PM PST by maryz
[ Post Reply | Private Reply | To 7 | View Replies]

To: Lakeshark

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!


64 posted on 01/10/2012 4:55:17 PM PST by onyx (PLEASE SUPPORT FREE REPUBLIC - DONATE MONTHLY! If you want on Sarah Palin's Ping List, let me know!)
[ Post Reply | Private Reply | To 35 | View Replies]





Keep the Monsters Away
Donate Monthly


Sponsors will contribute $10
For each new monthly sign up
Get more bang for your buck
Sign up today

65 posted on 01/10/2012 5:30:18 PM PST by TheOldLady (FReepmail me to get ON or OFF the ZOT LIGHTNING ping list)
[ Post Reply | Private Reply | View Replies]

To: ez

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.


66 posted on 01/10/2012 7:29:56 PM PST by Titus-Maximus (Light from Light)
[ Post Reply | Private Reply | To 58 | View Replies]

To: Vendome
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.

Sure glad life is so simple on your planet.

67 posted on 01/10/2012 7:36:38 PM PST by hinckley buzzard
[ Post Reply | Private Reply | To 3 | View Replies]

To: hinckley buzzard

It’s hard work.

I have 3 companies and we strive to do just that every day.


68 posted on 01/10/2012 7:41:47 PM PST by Vendome (Don't take life so seriously, you won't live through it anyway)
[ Post Reply | Private Reply | To 67 | View Replies]

To: Vendome
The guy picked winners and losers.

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.

69 posted on 01/10/2012 7:42:26 PM PST by hinckley buzzard
[ Post Reply | Private Reply | To 17 | View Replies]

To: Vendome
Bain, Romney and others did everyone a favor by identifying winners and losers.

Bain received bailouts. Wall Street socialists were the winners.

70 posted on 01/10/2012 7:52:11 PM PST by mas cerveza por favor
[ Post Reply | Private Reply | To 3 | View Replies]

To: Titus-Maximus
What did Obama do that was comparable to Bain Capital?

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.

71 posted on 01/10/2012 7:53:03 PM PST by hinckley buzzard
[ Post Reply | Private Reply | To 45 | View Replies]

To: hinckley buzzard

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.


72 posted on 01/10/2012 7:53:45 PM PST by Vendome (Don't take life so seriously, you won't live through it anyway)
[ Post Reply | Private Reply | To 69 | View Replies]

To: mas cerveza por favor

Weird.

A good many here are starting to sound like the OWS.

That article you read was shaded.


73 posted on 01/10/2012 7:56:19 PM PST by Vendome (Don't take life so seriously, you won't live through it anyway)
[ Post Reply | Private Reply | To 70 | View Replies]

To: Vendome
Sure you do.
74 posted on 01/10/2012 7:59:06 PM PST by hinckley buzzard
[ Post Reply | Private Reply | To 68 | View Replies]

To: Vendome
Isn't that what he wants to do? Get into government? How will this private capitalist experience matter there if he can't use this gift of picking winners and losers?
75 posted on 01/10/2012 8:01:25 PM PST by hinckley buzzard
[ Post Reply | Private Reply | To 72 | View Replies]

To: hinckley buzzard

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.


76 posted on 01/10/2012 8:08:24 PM PST by Vendome (Don't take life so seriously, you won't live through it anyway)
[ Post Reply | Private Reply | To 75 | View Replies]

To: hinckley buzzard

LOL

Conversely then the lack of experience in business would disqualify the others? /s


77 posted on 01/10/2012 8:13:13 PM PST by Vendome (Don't take life so seriously, you won't live through it anyway)
[ Post Reply | Private Reply | To 75 | View Replies]

To: Titus-Maximus

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


78 posted on 01/10/2012 8:13:54 PM PST by Irish Eyes
[ Post Reply | Private Reply | To 66 | View Replies]

To: hinckley buzzard

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.


79 posted on 01/11/2012 11:44:33 AM PST by Titus-Maximus (Light from Light)
[ Post Reply | Private Reply | To 71 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-79 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson