GOOOOOOOO NEWT!!!!!!!!!!!!!I’m wondering when “ethical” got to be a bad word.
That said, there’s nothing essentially unethical about private equity firms, M&A, and all that other stuff...and Gingrich never said there was. He challenged Romney on certain deals, since Romney has been portraying himself as a captain of industry rather than a speculative financier, and Romney has still not answered.
As for why Rush et al. are supporting Romney, I am totally mystified. There is no way Romney is going to win the presidency.
GOOOOOOOO NEWT!!!!!!!!!!!!!Rush is supporting Bain because Rush has dinner with such people. He needs to go back and read James Burnham’s book, the Managerial Revolution. Mitt is not a captain of industry, like Carnegie or Ford, or even like his father. He is a manager of a portfolio who makes money by milking industry.
“As for why Rush et al. are supporting Romney”
In Rush’s case I don’t think it began as support for Romney exactly - it’s actually an unintended side effect of Rush fighting Heresy against the Great Idol, Capitalism.
In this case Gingrich and Perry are Heretics, guilty of accusing Capitalism of being capable of possessing a sin nature. This, of course, is an outrage and an absurdity. To quote the great Rushbo himself, “Fairness? What is fairness?”.
Capitalism is by its very nature perfect and without blemish, and therefore Fair no matter what the outcome of any particular capitalistic act may be. Purchasing Worldwide Grinding Systems for $8 mil, loading it up with debt while paying yourself $12 mil, why that’s probably the Sacrament of equity extraction. And if you don’t believe me then you are a socialist, an anti-capitalist, and probably one who consorts with devils. Even a slick operator like Mitt can’t twist Capitalism into anything unethical. Amen.
“Ethical” is not a bad word, but using it, as Newt and Powers are, as a ruse for making the same kinds of anti-capitalist canards as the Left is disgusting.
Talk about attempting to clothe oneself in self-righteousness.