I hate Romney, but the Gingrich supporters who are finding fault with the way Romney ran his business do not understand Capitalism.
They are a bunch of anti-capitalistic Socialists who belong on Daily Kos, not Free Republic.
People like Romney should be able to run their businesses they want to, with interference from the government. If a CEO needs to fire people in his company to become more efficient, he has every right to do that — that is the way a capitalist system works.
You people — i.e. Gingrich supporters — are a bunch of dangerous Leftists.
.
You’re wrong.
Sending someone out who likes to fire people to defend capitalism is stupid...
...but not quite as stupid as expecting someone who made $50 abortions possible in Massachusetts to be pro-life.
Have to say as a now former Gingrich supporter who started up two small businesses, I find Gingrich's recent language about "greed" and being "filthy rich" to be very disturbing.
I caught a few minutes of Rush's show today where he "translated" what Gingrich was saying by playing a clip of Obama saying rich people "have made enough money."
That clip nailed Gingrich's own words to the wall and laid his own words bare for all to see, that Gingrich himself doesn't understand a key part of our Capitalist economic system, "creative destruction."
I'm not a Romney supporter, I don't like the guy. But what Bain Capital Management does is provide a necessary function for our economy to operate on a healthy level. Sometimes they save companies, other times companies get pared down (so they can continue to operate, which ultimately SAVES jobs) and other times they've been involved in the creative destruction of a company.
What Gingrich is bemoaning, is the creative destruction aspects of what Bain Capital Management does. The alternative to what Bain does, are the BAILOUTS that the Government has done over the last 4 years now, ranging from TARP, GM/Chrysler, Solyndra, and the list goes on.
I, nor any other right thinking Conservative Capitalist will argue in favor of Government bailouts. Not now, not ever.
Bye bye Newt.
If Gingrich is incapable of taking out Romney by using his record--which has more than enough to do the job--and has to smear the very business ideas that will revive the economy [yes, sorry, restructuring, FIRING some employees, investing and GROWING businesses doesn`t always mean everyone is happy in the end--welcome to #he adult world!] he is only proving he is unfit to be president.
I guess he wasn`t worried about all this `questionable` wealth when he was spending money at Sacks or wherever it was. [His finances are off-limits, but he thinks government should prevent people from making `too much`?]
Do you really believe that, in a time of long term, high unemployment, where a high percentage of people have recent experience with being fired or laid off or simply lost their job when the company they worked for went out of business, are going to vote for someone who "likes to fire people" as Romney will now be known for?
Do you really believe that in a country where the majority of businesses are small to medium sized, single owner/entrepreneur run/owned, corporate raiders are thought of as average capitalists, just like the rest of us?
Trust me on this, Romney's business model, the one he'll be known for in this coming election, is a form of capitalism and legal, but it is not held in high regard when times are good and especially not when we're struggling with obamanomics.
“You people — i.e. Gingrich supporters — are a bunch of dangerous Leftists.”
You are a lickspittle gauleiter and bent over party catamite who does not understand fiduciary duty, but hey! What is a little disagreement between friends?
Newt’s actually more of a free market guy than Santorum is.
The PE world has largely moved on from the methods by which Romney made a ton of money with Bain. It was a game of buying up companies, stripping them of assets and overloading them with debt, dressing them up so they looked healthier than they are, and then selling them off soon after which they often went bankrupt because of the unsustainable debt.
It was legal but it was brutal, and now that people are on to it it doesn’t particularly work any more.