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Add Bain to list of things we cannot discuss
Legall Insurrection ^
| 1/11/2012
| William Jacobson
Posted on 01/11/2012 1:45:23 PM PST by Lakeshark
Politico has a story about Newt agreeing not to go after Romney any more about Bain, and Newt was just on Hannitys radio show on the issue. (Ill post the audio if I can get it.)
Newt said there are three or four instances where the record is really bad and Romney needs to defend it. Newt said the challenge is not to the model but how Romney acted in specific instances, and how odd it is that Romney runs on his business record but doesnt want to discuss the record.
Newt made the point that it is impossible to discuss the issue without being accused of class warfare by people trying to protect Romney, but the issue will come up if Romney is the nominee without knowing how much it would hurt Romney.
Newt did not back away from the issue, but said he is moving on.
You know my position. Newt is making a purely political decision to move on. Once he lost Rush and Hannity on the issue wrongly I believe it no longer was politically tenable.
So we will go through the primary process and possibly nominate someone with a potentially devastating electability problem. The electablility problem will not go away, we just will not find out how bad it is until September and October 2012.
So add Bain to the list of things we cannot discuss, for fear of being labeled anti-capitalist. Along with Jeremiah Wright, for fear of being called racist.
TOPICS: Editorial; Extended News; News/Current Events; Politics/Elections
KEYWORDS: bain; bondcollapse; corporatesocialism; default; dollarcollapse; economy; languageoftheleft; limbaugh; manufacturing; newt; pensioncollapse; robberies; romney; rush; rushlimbaugh; translatingnewt
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To: abigailsmybaby
Wrong, entirely wrong.
Bain, and companies like Bain, get involved when a company is having trouble.
Bankruptcy or Bain? That is the question these companies asked themselves before getting involved with Bain.
This is what SHOULD happen.
Private Equity firms like Bain are CAPITALISM at work. The exact opposite of the Obama bailouts.
(Though Romney has done an AWFUL job, thus far, in explaining this point.)
21
posted on
01/11/2012 2:11:04 PM PST
by
Kansas58
To: Kansas58
Rush is first and foremost about Rush. As he should be.
22
posted on
01/11/2012 2:11:56 PM PST
by
Jim from C-Town
(The government is rarely benevolent, often malevolent and never benign!)
To: Kansas58
I recently joined this site because I heard it was solidly conservative. With Newt and half of the people here advancing Marxist arguments against venture capitalism, it appears as though conservatism has already lost, regardless of what happens in the election.
23
posted on
01/11/2012 2:13:04 PM PST
by
demas415
To: bigbob
Well, I disagree, the argument was quite winnable, if you saw Newt's discussion on Morning Joe yesterday, he had it nailed.
Not all capital endeavor is something to be applauded, Enron, the activity of the unions, and Larry Flint are just a few that are testimonials to that idea.
To: Jim from C-Town
Rush is first and foremost about Rush. As he should be.And yet his liberal detractors still believe he issues marching orders to his minions.
25
posted on
01/11/2012 2:13:36 PM PST
by
dfwgator
(Don't wake up in a roadside ditch. Get rid of Romney.)
To: Kansas58
Yawn. Your arguments are stinky platitudes. Sounds like a naive Capitalista demagogue who conflates government-rigged corporatism with free-market entrepreneurialism.
26
posted on
01/11/2012 2:14:11 PM PST
by
Utmost Certainty
(Our Enemy, the State | Gingrich 2012)
To: dfwgator
Hey, who are you calling a minion?
**Looking up minion in dictionary**
To: Lakeshark
I have a question for the Romney defenders, how did his Bain experience make him a better Governor of Massachusetts?
28
posted on
01/11/2012 2:16:03 PM PST
by
dfwgator
(Don't wake up in a roadside ditch. Get rid of Romney.)
To: Jim from C-Town
And your source (with data to back it up) is....? Newt is also a hypocrite for raising this argument, as he also served on an advisory board for PE firm Forstmann Little from 1999-2001. This board that Gingrich served on met twice a year in Manhattan at either the 21″ Club or at the Four Seasons, and involved potential investments, principally in the health care industry. Gingrich made personal investments in some of the companies held by Forstmann Little.
29
posted on
01/11/2012 2:16:16 PM PST
by
bigbob
To: Lakeshark
30
posted on
01/11/2012 2:17:22 PM PST
by
dfwgator
(Don't wake up in a roadside ditch. Get rid of Romney.)
To: Utmost Certainty
Sure, I get it.
You are biased towards one personality and biased against another personality.
I do not like Mitt on gun rights.
I do not like Mitt on Romneycare.
I do not like Mitt on abortion.
Well, lets say I do not trust the man, since he seems to change with the wind.
However, “False witness against thy neighbor” is still a sin to me, and though I will not vote for Romney in this Primary, I will not allow stupid LEFTIST attacks against Romney to go unchallenged.
This election cycle is VERY important.
However, the conflict between Capitalism/Liberty vs Communism/Tyranny will continue no matter the vote in November.
Newt's stupid comments helped the Left.
I am upset with Newt.
I still support him, but I am mad at him.
31
posted on
01/11/2012 2:17:31 PM PST
by
Kansas58
To: dfwgator
OUCH....! That had to hurt...! Captialist want it both ways.
To: Jim from C-Town
A true “Pump and Dump” is ILLEGAL!
Got any evidence?
Full disclosure, you are arguing with a Series 7 CFP.
That does not make me perfect, but I know more than the average bear.
33
posted on
01/11/2012 2:20:30 PM PST
by
Kansas58
To: dfwgator
Where does your logic end?
you would fit well in the Obama admin with logic like that! Another point: Where is the evidence that Bain every received government bail outs or government financing? Bain is the ALTERNATIVE to a government bail out!
34
posted on
01/11/2012 2:22:39 PM PST
by
Kansas58
To: swampfox101
Separation of Business and State!
35
posted on
01/11/2012 2:22:39 PM PST
by
dfwgator
(Don't wake up in a roadside ditch. Get rid of Romney.)
To: Utmost Certainty
36
posted on
01/11/2012 2:23:13 PM PST
by
SVTCobra03
(You can never have enough friends, horsepower or ammunition.)
To: Lakeshark
Rush chose Mittens and savaged Newt.... Rush made his choice.....
To: Kansas58
He was talking about the way Bain operated, which was not by doing the hard work of investing in a firm and either rebuilding it or taking it down and bringing something else out of it. Bain went after the quick, short term profit that came from stripping a company of its assets and dumping it, and also relied on government guarantees (bailouts) in some cases when it miscalculated and there wasn’t enough profit in its usual strategy.
The capitalism that has brought prosperity to our country is not the same thing as highway robbery or a bully snatching candy from a weaker kid. Declaring that it is, and that any way that somebody wants to get money out of somebody else is automatically good (in the bizarre Ayn Rand-ish way I am seeing here) does a great disservice to capitalism.
38
posted on
01/11/2012 2:23:29 PM PST
by
livius
To: dfwgator
Are those Ron Paul’s peeps?
39
posted on
01/11/2012 2:23:52 PM PST
by
Califreak
("Burnt By The Sun")
To: Lakeshark
Rush and Hannity are both looking out for number 1.
"Clear Channel Communications, Inc. is an American media conglomeratecompany headquartered in San Antonio, Texas.[3] It was founded in 1972 by Lowry Mays and Red McCombs, and ken private by Bain Capital LLC and Thomas H. Lee Partners LP in a leveraged buyout in 2008.[4] Clear Channel specializes in radio broadcasting, concert promotion and hosting, and fixed advertising in the United States through its subsidiaries. After 21 years, Mark Mays stepped down as President and CEO of Clear Channel on June 23, 2010.[5] Mays will remain as Chairman of the Board, a position he has held for a year prior. The Board has engaged Egon Zehnder International, a leading executive search firm, to lead the search for a new CEO"
Everybody has a price. Clear Channel Premier employs them.
Rush Limbaugh Renews Long-Term Contract With Premiere Radio Networks and Clear Channel Radio as He Celebrates 20 Years On Air and KOMO 4 Television Wins National Edward R. Murrow Award for Overall Excellence
Follow the money.....
Mitt Romney founded Bain & Co. in 1984, and today its spinoff -- Bain Capital -- is the
third largest private equity firm in the country. Today
they bought ClearChannel, a company that owns over 1100 radio stations and 30 TV stations.
This is why media consolidation issues are so important. One rich guy who wants to be president can buy a media empire overnight. Now of course, Romney will argue that he didnt buy Clear Channel, his private equity company Bain Capital did. And of course, there is no conflict of interest because Romney doesnt tell Bain Capital what to do as hes no longer officially with the company.
Still, seeing as how Clear Channel hosts Rush Limbaugh, Glenn Beck, and Sean Hannity and controls over 1,000 TV and radio stations nationwide, does anyone here really think Romney wont use this newfound pedestal to promote his candidacy, however subtly?
40
posted on
01/11/2012 2:25:04 PM PST
by
greyfoxx39
(Let's not vet Mitt w/Bain so Obama can do it all summer. /sarc)
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