Posted on 01/11/2012 5:01:59 PM PST by Sub-Driver
Apparently Warren Buffet who makes lots of money - BELIEVES there are some ways of making money that are NOT ACCEPTABLE - I guess he’s attacking capitalism, along wtih Newt:
“Know that Warren Buffett, CEO of Berkshire Hathaway has sworn in every annual shareholder letter that he will never, ever buy a division or a company from the private equity jugglers who buy and then sell on the company they have leveraged up with professional managers in it just for the soils of the deal– and certainly not the family or long term management devoted to the company’s historic role. Think the farce of RJR Nabisco or EMI or Texas Utilities.”
Leftist occutards? Hardly?
Tea Partiers are also against government bailouts and you have evidence that Bain Capital cost the taxpayers $44 million in pension liabilities when that KC steel mill went belly up.
Not to mention that Bain Capital pocketed $12 million from a failing company that was ultimately liquidated.
Like it or not, this little tidbit is going to sting and sting hard come October when the libtards use it against Romney.
It’s literally like you are throwing up a Wall Street guy against “Saint Barack.” May Newt and all the other Republicans use whatever they can to dispatch of this socialized medicine and gay marriage loving RINO Romney before we get wiped in the general election.
Leftist occutards? Hardly?
Tea Partiers are also against government bailouts and you have evidence that Bain Capital cost the taxpayers $44 million in pension liabilities when that KC steel mill went belly up.
Not to mention that Bain Capital pocketed $12 million from a failing company that was ultimately liquidated.
Like it or not, this little tidbit is going to sting and sting hard come October when the libtards use it against Romney.
It’s literally like you are throwing up a Wall Street guy against “Saint Barack.” May Newt and all the other Republicans use whatever they can to dispatch of this socialized medicine and gay marriage loving RINO Romney before we get wiped in the general election.
I guess I should have closed my sarcasm tag for you.
versus the forced labor camps of communism. All ideologies have their thorns, which is why most absolutists are total pricks. Robber barons and politburo apparatchiks, are just too similar, IMHO.
I’m not in the Mitt Camp,,, but if it comes down to him and Obama,, I will vote for him. Not Voting is Not an option for me. I’ve been to countries that don’t permit voting, and it ain’t pretty. If Obama is elected because the Republican’s stayed home, I’ll be sick to my stomach.
And who made it that way? Romney! And Romney bought two States so far with his poison. Romney is a crude excuse of a human but he will be President. No better than King Obama.
I agree with you, but see 15. I knew somebody would bite.
Newt Ginrich’s Press Release today (2012-01-11) about Mitt Romney and Bain Captital’s “Vulture Capitalism” ....
“This issue at hand is neither about Bain Capital, private equity firms, nor about capitalism.
It is about Mitt Romney’s judgment and character. It was Governor Romney’s decision to base his candidacy, in large part, on his background as a portfolio manager.
Thus, it is entirely legitimate to ask questions about whether he is accurately presenting how he conducted himself during that career.
“Reports by the Wall Street Journal and others contradict Governor Romney’s claims that it was his goal at Bain Capital to make companies more successful.
In fact, there were cases where Bain Capital made huge profits and left companies bankrupt.
Further reports have cast doubt on Governor Romney’s claim that he was responsible for 100,000 jobs being created thanks to his work at Bain Capital.
“Instead of accepting the responsibility to answer questions about his business background, the Romney campaign is throwing up a smokescreen about an attack on capitalism.
That’s just more pious baloney from Mitt Romney and his campaign.”
Nope...But it’s easy to defend when u smoke $100 cigars over $3000 Brandy talking to your ...”peers”...
Pretty soon u forget where God and luck made it possible.....
SOMETIMES.............IT AIN’T ALL ABOUT YOU.....OVER?
Newt is the ONLY candidate that is being held to the fire about “personal attacks and negative campaigning.”. In my opinion, he has stuck to the facts, has not attacked anyone personally, as he has been attacked. I like him, what am I missing here?
Rush “dinged” Newt because Newt deserved it! His argument about Bain and “vulture capitalism” is antithetical to Conservative principles and values — mainly because his goal is to destroy Mitt more than to stand for Conservative values or win the Presidency. He’s angry. He wants vindication! How DARE anyone attack HIM! He’s NOT got the temperament nor the moral values to be the President.
On the same token, Rush also smacked down Mitt for stupidly comparing what he did at Bain to what Obama did with his big corporate and bank takeovers when he became President! How STUPID is that?!
Neither one of these guys - Newt NOR Mitt - are worth a vote or worthy to be the nominee, much less the President! God help us all.
put on your flame proof suit!...I'm running for the garden hose!...and I wasn't a big Newt fan to begin with...but nobody can digest anything other then a 10 second 10 million dollar sound bite...IMHO of course...
You are wrong my friend. Bain is not capitalism it is opportunism. It is not what the republicans want to support. They raid people’s pensions. Get it. Some of this stuff should be illegal.
Emanuel at RedState –
… let me sum up by making sure I’ve got this right: in an election in which jobs and Obamacare are the top two issues, the ‘inevitable’ Republican nominee is a person whose business career consisted in no small part of eliminating jobs, and whose signature legislative achievement is the enactment of state-run health care. Is that about right?
Yup.
Let’s look at the first element of Jeff’s concern and whether Romney’s time at Bain Capital should fairly be considered a liability.
To get started, readers should understand that there is a difference between venture capital, which is designed to nurture and build a great business or to make an already great business greater; turnaround financing, which is meant to bring a once-great business back to life, but which in the process often necessarily initially involves painful layoffs and cost-cutting former owners and managers resisted (see Herman Cain, Godfather’s Pizza), and which of course won’t always work; and “vulture capital,” which is designed to pick apart the carcass of a functioning business solely in the name of rewarding original investors at the expense of future growth, stakeholder well-being (employees, suppliers, public investors, etc.), and sometimes even the viability of the business itself.
I would argue that venture and turnaround investors are critical to capitalism’s effective functioning, while those who are deliberately involved in vulture capital as defined are usually not engaging in legitimate capitalism.
Bain Capital has definitely engaged in venture and turnaround investing, which is fine. But it also appears to all too often have crossed the line into vulture-land.
More at link http://www.bizzyblog.com/2012/01/10/romney-and-bains-wreckage/
Yes shortly no more Rush posts and Mark Levin said to vote Santorum, two romneybots.
LOL..Rush is laughing in every ones face...He had a choice then...and he picked the “Capitalist Model”...
The lead Lemming isn't necessarily the smartest...Especially when it comes to leaping time...
Watch him take up the “New Conservative Model” as he counts and tells why they jumped over the cliff~
I don't blame him...Just predicting the future....*W*
“Vulture capitalism, bleeding companies dry”
The problem with the article is that Newt did not say the above. It was Rick Perry. Some of the stuff that was alleged to be by Newt was said by others. So there are half truths in this thing.
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