BUT why should American taxpayers have to be forced to pay for Willards business incompetence and greed?
Workers were denied the severance pay and health insurance theyd been promised, and their pension benefits were cut..
Whats more, a FEDERAL GOVERNMENT insurance agency had to PONY UP $44 MILLION TO BAIL OUT the companys 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 this week was devastating for Willard the Vulture/Lib at Bain..
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.
Lets see how the taxpayers feel about bailing out these companies pension funds and receiving no tax money back from Bain. Lets 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 Willards business incompetence and greed?
I would suggest that Newt not continue this line of attack. Let Democrats be the party of dragging out the victims of evil corporations and rich robber barons to display themselves and their gripes. You cant out-Marx the Marxists so dont try.
Try going after Romney on conservative grounds, like TARP, stimulus, Romney-care. Pointing out if he lost more jobs than he created in the private sector is valid too. Just STOP THE CLASS ENVY!
It seemed to be a fair analysis. The most damning thing was the opinion that the Bain/Romney 30%(ish) failure rate was significantly higher than others for the same period. Then today, Stuart Varney on Megyn Kelly's show, made it sound like this rate of failure is simply spectacular.
There's been a whole lot of using Bain's total record to paint over whatever failures occurred during Romneys watch.