[Utmost Certainty]

Would probably help if you actually listened to Newt's explanation. It's unfortunate many Republicans don't seem to understand it.

This is not a Left-tard kind of attack. Newt's case is simple:

1) Romney's vaunted "private sector experience", is of a particular kind that's going to represent a huge liability in the general election. Nobody's asserting that Bain Capital's actions were necessarily illegitimate nor unlawful, but it's obvious that Romney was no white knight of heroic, entrepreneurial capitalism.

2) Questions on business ethics are legitimate inquiries that one should have to answer for, especially if they're running for public office—these are not attacks on capitalism, and it's completely goofy that some are construing it that way. Those advocating a "what happens in Vegas, stays in Vegas" attitude towards private enterprise activity, aren't doing capitalism any favors.

Selling out capitalism in the defense of Romney and Bain

Even ZeroHedge doesn't defend Romney's record as a 'capitalist':

"Lately, Bain founder and GOP presidential candidate Mitt Romney has found himself in a spirited defense of the private equity industry, doing all he can to spin decades of data which confirm, without failure, that PE Leveraged Buy Outs are nothing but "efficiency maximizing" transactions whose only goal is the "maximization" of EBITDA in the pursuit of dividend recap deals, IPOs or outright sales, while loading up the company with untenable amounts of leverage. All this with a 3-5 year investment horizon, which ignores the long-term viability of a company and seeks to streamline (read fire as many as possible) operations as quickly as possible in the goal of maximizing short-term returns. We wish him luck in his endeavor."

Shame we have so many wannabe Capitalistas here at FR and elsewhere, who adamantly defend this kind of shuck and jive financial paper shuffling as exemplary acts of free-market enterprise.

[JustSayNoToNannies]

EXCELLENT post!

[CainConservative]

“shuck and jive financial paper shuffling”

Is exactly what Willard was doing too often.

[MarketR]

BTTT............Perfectly Explained! It’s not illegal what mittens did, but it sure was unethical. He should definitely NOT be rewarded for it.

[goat granny]

Rush has been defending Romneys business acumen and calling it capitalism....He has been way off his game this past month...not really interested in listening...guess its time for a few months sabbatical from 12-3pm I am definately not a newt fan, I was for Cain, but hope Newt keeps up the attach Romney deserves it....I love pious baloney remark to Romney...hammer, meet nail or is it nail meet hammer. gg

[American Constitutionalist]

" Would probably help if you actually listened to Newt's explanation. It's unfortunate many Republicans don't seem to understand it. "

What ? the same consideration you give Ric Santorum when he tried to explain why he endorsed Spector ?

You reap what you sow...