I lost a tremendous amount of respect for Rush after he defended this as capitalisam at it's finest. "Gotta lay off people to save the company". Oh really?
“Gotta lay off people to save the company”.
Isn’t that precisely what we want Romney to do to the bloated federal bureaucracy?
These are the kinds of games the democrats play - the liberal democrats and the media and the Occupy nuts. It is surprising that it is being touted here on a supposedly conservative website.
Anyway, it’s backfiring big time.
Unfortunately, sometimes you do have to break up companies or fire half the workforce or whatever to save companies.
If you don’t make those kind of hard decisions, you lose the company and all of the workforce of that company.
That is reality and reality sometimes has to bite.
Which occupy are you working from. Is it cold there? What part of acorn did you work for. After the name change what is the new name? What law do you support to limit return on investment. And what government depart will handle fairness in number of employees.
Examine the first case study in Marianna, FL. Raytheon - not Bain Capital - was the company that came in and made all the changes. Bain Capital didn't come on to the scene until four years later. But you wouldn't know that by qatching this propaganda piece. When people learn that this video is all a bunch of BS, it will drive them towards Romney - not away from him. Stick with his record as Governor of Massachusetts, and leave the false smearing of his business successes alone.
Sometimes the consequences of capitalism are harsh, but they are necessary to keep the overall economy productive, innovative and vibrant.
ditto
I have to agree that I’ve been very disappointed in Rush, and others in this debate.
Did you know that, no matter what Romney does, his primary source of income is Bain Capital? It was in his retirement agreement.
BTW, there are few here who know what a PE/VC firm TRIED to do to my husband’s company. What they dared to do was illegal and immoral.
What Bain did in buying shares of a company, increasing their profits to the point where they could borrow way more money that they should have, and then give the borrowed money to Bain as a dividend, may not have been illegal.
However, it was very immoral in that several of the companies had to shut down, costing many jobs.
They did this several times over while Romney was there.
Leveraged Buy Out...term of the 80s/90s decade.