Romney is the one who likened his business practices to this administration taking over the auto industry. He is the one who is flinging the smelly rhetoric.
This sort of “capitalism” has sent America’s once mighty industrial base to the PEOPLES REPUBLIC OF CHINA.
How is that a good thing?
You link to a piece on Bain's involvement with Holson Burnes (picture frames, etc.), not "an assessment of Bain Capital" and nothing to do with the steel company the current article discusses.
So you are telling me that this wasn’t just the practice under Romney? You are telling me this is the standard practice of Bain?
And, it isn't an attack on capitalism to be critical of ruthless, immoral and unethical business dealings:
http://www.nypost.com/p/news/business/ad_mitt_mistakes_jRmd2LHaPIb0bbNn1ZkgaJ
Romney's private equity firm, Bain Capital, bought companies and often increased short-term earnings so those businesses could then borrow enormous amounts of money. That borrowed money was used to pay Bain dividends. Then those businesses needed to maintain that high level of earnings to pay their debts.
All these attacks of late on capitalism in general from conservative FReepers, are to say the least, making me a tad confused as personally I LOVE Capitalism in all it's forms. And some of those forms are like making sausage: You don't want to see how it's done.
I also rather enjoyed having people fired when they were costing my projects, my company, and ME -- MONEY! One guy in particular who was a THIEF and wasn't arrested on this one construction project solely because nobody in that building actually saw him loading the four computers that went missing into his truck.
The staff walks out of room with computers there. This guy comes in to work, he finishes, then the staff comes back in -- POOF -- no more computers in the room.Seeing his final paycheck being printed and the Field Superintendent delivering it to that mutt was one of my happier moments.
So yeah, Firing People IS Fun!
This is NOT a pro Mittens comment, IMO he's a snake and phony.
It's a Pro Capitalism comment.