Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: VinL
Exit, I don’t think you’re going to get many answers on that one. -:)

Well, you called it VinL.

150 additional posts, and no one has answered the questions in post 128.

282 posted on 01/14/2012 8:15:50 AM PST by exit82 (Democrats are the enemies of freedom. We have ideas-the Dems only have ideology.)
[ Post Reply | Private Reply | To 154 | View Replies ]


To: exit82
150 additional posts, and no one has answered the questions in post 128.

Questions? You mean that list of red herrings you introduced? Sure, I'll have a go at it.

What market forces are exhibited when looting a company?

Not applicable. Bain Capital was not in the business of looting companies.

How is it capitalism when you loot the pension funds of a company, and cause the taxpayers to pick up the costs of those pensions?

Not applicable. There is zero evidence to suggest that Bain Capital looted pension funds, especially funds under the control of the United Steel Workers Union.

How is it capitalism when you demand kickbacks and buy-ins from state and local governments to keep the business from folding, while you are looting it?

There is no evidence to suggest that this took place. Taking advantage of already available tax breaks that are already accessible to one's competitors hardly qualifies as 'demanding kickbacks and buy-ins'. Besides, no on forced the hand of said governments. It is the responsibility of any business to seek the best deal available.

How is it capitalism when you take the cash out of a company, then fire the workers, and force the rest of the taxpayers to fund their unemployment checks?

No one forced taxpayers to do anything. Taking cash out of a company to pay off investors is the proper course of action since those same investors pumped cash in to that company. I see there is no outrage when that happened. Go figure. And when a plant is no longer making money due to such market forces as high labor costs, low productivity, lower prices, steep competition, and the threat of yet another USW strike, the procedures involved in closing that plant typically involves letting go of the workers.

How is it capitalism when you deliberately loot the company and force it into bankruptcy, thereby stiffing all of the vendors and suppliers to take 5 or 10 cents on the dollar, plus court costs, for services and materials already provided to the company?

Not applicable. Bain Capital was not in the business of looting companies and forcing them into bankruptcy. Their track record was good. Each and every time they took on a new venture, investors lined up to purchase bonds because they knew that Bain would give them a good return on their investment.

How is Romney’s corporate raiding different from the actions of the robber barons of the 19th century?

As it relates to the demonization of successful business people as an exercise in class-envy, there is no difference.

How is any of that “capitalism”?

Any of what you just described? It isn't. Hence, the 'red herring' label.

I hope that helps.

302 posted on 01/14/2012 9:12:57 AM PST by Hoodat (Because they do not change, Therefore they do not fear God. -Psalm 55:19-)
[ Post Reply | Private Reply | To 282 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson