It’s a lot of things but it’s NOT capitalism when Vulture Willard goes unpunished for looting taxpayers..some have gone to jail for much less.
BUT why should American taxpayers have to be forced to pay for Willard’s business incompetence and greed?
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Workers were denied the severance pay and health insurance they’d been promised, and their pension benefits were cut..
What’s more, a FEDERAL GOVERNMENT insurance agency had to PONY UP $44 MILLION TO BAIL OUT the company’s underfunded pension plan.
Nevertheless, Bain profited on the deal, receiving $12 million on its $8 million initial investment and at least $4.5 million in consulting fees.
http://legalinsurrection.com/2012/01/bain-drip-drip-drip/
The Wall Street Journal analysis is ALSO devastating for Willard the Vulture/Lib at Bain.. (Google it)
Adding insult to injury, Bain would hide its profits in tax havens, not even paying the rate it was supposed to on the profits it made laying off workers.
Let’s see how the taxpayers feel about bailing out these companies’ pension funds and receiving no tax money back from Bain. Let’s let the people decide what they think of bailing out Romney.
Bottom line again: Why should American taxpayers have to be forced to pay for Willard’s business incompetence and greed?
BUT why should American taxpayers have to be forced to pay for Willard’s business incompetence and greed?
Sorry to inform you about this, but everything that Romney did that you talked about *is* legitimate capitalism.
It's okay to fire people to make your company more profitable. It's okay to collect insurance. It's okay to legally take advantage of government handouts.
Newt called his $1.6 million payoff/bribe from Fannie Mae "free enterprise." Sorry, but that is *not* free enterprise or capitalism.
The Socialist Gingrich supporters and Newt Gingrich himself will never understand this. They are dangerous. They cannot be let anywhere near the presidency.
(Note: I *hate* Romney, but Gingrich might actually be more dangerous.)
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