Posted on 09/15/2023 10:16:48 AM PDT by CharlesOConnell
…many private-equity experts have long explained that the goal of Bain and similar companies was never to create jobs per se — but to generate profit for itself and its investors.
If this … tape again causes Romney problems, though, it is likely to be because of its tone. His 47 percent language was seen as labeling nearly half the country as moochers who would never take responsibility for their own lives.
This time, it's that word "harvesting," which brings to mind, for instance, organ harvesting from the recently deceased.
(Excerpt) Read more at npr.org ...
A millionaire CEO is rooting for higher unemployment, saying it’s time to ‘remind people that they work for the employer, not the other way around’
So?
Why Doesn’t “Pierre Delecto” Follow Stephen Colbert On Twitter? (They’re Both Idiots!)
https://youtu.be/isWcAtpXJeA?feature=shared&t=107
“to generate profit for itself and its investors”
So?
Well, you probably thought it was a great thing when Ronnie Raygun shipped jobs & factories off to China.
So???!!!
The left is and has been clamoring to extinguish the legal concept of fiduciary duty as if it was something deplorable. Idiots.
If it weren’t for burdensome regulation here, there wouldn’t be a need to ship jobs overseas.
I take it you think your employer’s purpose in life is to provide you with a living.
You’re a commie.
Anything about soroz putting early seed invests in bain to get mitturd rollin?
Right. Black face was so 70’s
Not shocking to anyone who understands business.
Yes. Mother Jones is a communist publication.
Lot of commies here now.
This is from 2012. What’s with the crap old articles lately?
“Well, you probably thought it was a great thing when Ronnie Raygun shipped jobs & factories off to China.”
That’s the problem. It started under Reagan, but Freepers don’t want to admit that.
It means Romney is an open borders advocate because flooding the market with people is good for profits by suppressing wages.
While it’s true in terms of timing, I don’t see a correlation with Reagan’s policies. He pressed for fewer regulations that might have been used to constrain offshoring of jobs and factories, not more. Like Trump’s bankruptcies, companies used the laws and regulations as they were written to gain advantage for their stakeholders. In many cases that meant jobs were lost in the US but that’s part of having a free market economy.
Romney is indeed for open borders, but companies like Bain simply provide capital to loser companies as an option other than bankruptcy.
Depending on the situation, they rearrange the company so it can actually become profitable again, or they sell off the pieces and close it.
Either way, the investors providing the cash do it not out of charity but for return on investment.
Reagan and the Bushes were fine with outsourcing and “free trade”, and that is why the USA no longer has an industrial base to support a peer-war military.
Not to mention corona, where we found the US can no longer produce its own masks and PPE as well as drugs.
If the next war is against China, the US army will be barefoot because that is where their boots are made.
Mother Jones is a Marxist publication, of course they are against all profits.
Profits are the primary fiduciary responsibility owe to the investors.
It’s taken me a long time to come to terms with the fact that Reagan was not the god that people think he was. He did some great things, but he also gave us amnesty, reparations, open borders, “free” trade which eliminated american manufacturing, and worst of all he gave us the Bush family.
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