Posted on 01/12/2012 5:29:05 PM PST by Snoopers-868th
Bain Capital must seem like a Frankenstein monster to Mitt Romney's campaign. Like Mary Shelley's creature, it's stalking its creator just as he's about to claim the thing he loves most. But Bain Capital—and Bain capitalism—isn't Mitt's creation. It was sewed together from the corpses of dead ideals and shocked into life in Washington's political laboratories.
Mitt's monster was created by a broken system that has let politicians in both parties create an artificial, destructive and exploitative form of pseudo-capitalism—and then get rich from it. Romney's campaign will survive, but the monster will go on destroying lives and dreams.
Conservatives and self-described "centrists" speak about "Bain capitalism"—a k a "vulture capitalism"—as if it were the inevitable result of immutable economic laws. But it's only been around for 30 years or so, since government policies in taxation and bank regulation made it possible. That's right: Government, not free enterprise, made Bain capitalism.
And what government has made, government can un-make.
(Excerpt) Read more at ourfuture.org ...
They're calling it the "Bain Bailout"—although Bain didn't receive any actual funds. But when a Federal regulator took over a failing New England bank, it decided to "forgive" several million dollars for loans that Bain had received from the bank.
Thanks for the info.
TO RJ:
Well said. Shout it Brother. Amen. Exactly right. etc etc etc.
Consider the sorce of this article — very left wing.
Consider the source of this article — very left wing.
Just watched Rick Tyler on O’Reilly. I’ve now lost faith in Newt and his organization. If they have any sense, they’ll pull the half hour program before they lose everyone.
If the facts presented are indeed factual, then the source is irrelevant.
before posting commie pinko claptrap, do actually take a few min’s to understand the issues. frankly I was fine with writing off mitt and the magical underwear, then I started actually looking at bain capital. Almost every thing in the msm is a lie or a complete commie dis information campaigne. (if you have a degree in money then comment) if you just want to be a dem tool keep reading how to be a commie tool.
“Romney’s campaign will survive.....”
I doubt it.
This is still a free country, you don't get to silence anyone....GOT IT!
Rick pointed out that Bay Buchanan's pant's were on fire.
My thoughts as well. Rick Tyler should resign in disgrace.
This stupid attack on Bain may well have screwed Newt for good, although I hope he’s smart enough (and remember his own tenure as a paid advisor to Forstmann Little & Co., a Bain competitor.
I am stunned that he could have ever permitted the superPAC to do this.
People need to go rent an old James Garner movie called Cash McCall.
For an old movie, it actually covers a number of bases on this subject.
Businesses fail. Corporate raiders do come in and save some of them. They also slice and dice some of them.
If a business is failing, why not take intervention? Who is helped by letting the business drop dead? Everyone looses then.
Hello Dan Rather, I’m surprised you’re a member of FR.
Well then, you might want to read this that tells a whole lot about Mitt and Bain.
http://nymag.com/print/?/news/politics/mitt-romney-2011-10/
He may have done everything that was legal but it sure is amoral.
Here's what is worth looking at. Dade International Bankruptcy proceedings. The creditors accused Romney and Associates of unprofessional management and unjust enrichment. Apparently they made enough of a case than Bain had to surrender proceeds from stock shares or something.
Any way that's enough to do some research and see what really happened I hope. Wouldn't the bankruptcy proceedings of this company be a matter of public record?
Lol. If someone tells you it’s 11:00 PM CST, and it really is 11:00 PM CST, does it matter who said it?
“Just watched Rick Tyler on O’Reilly. I’ve now lost faith in Newt and his organization. If they have any sense, they’ll pull the half hour program before they lose everyone.”
Who is this Rick Tyler of whom you speak? What did he say that caused you to lose your faith? What are you talking about? Haven’t watched O’Blowhard in forever.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.