First, Romney doesn’t own Bain Capital and Bain doesn’t own Clear Channel. Bain owns 1/3 of Clear Channel that owns the network that syndicates Rush, Mark Levin, Sean Hannity and others. Second, if Bain were stupid enough to try to dictate what these major radio personalities should or shouldn’t say about Romney, Bain would probably be involved in something that violates contracts in place before Bain bought a minority share in Clear Channel. Besides, as a minority owner, they wouldn’t be in a position to dictate anything. If Rush and the rest were suddenly gone from Clear Channel, the owners would suffer an immediate financial loss, but from one tiny portion of the Bains vast corporate holdings. Trying to influence radio hosts to be positive or not negative about Romney would be like a business purchasing KFC and then telling it to sell tofurky burgers. It wouldn’t accomplish anything useful and would only destroy the brand.
This is great! This is the FR that I know and admire. I had wondered lately where it had gone. I’ve become pretty disgusted with people make claims they can’t back up or let their stream of consciousness dictate what they will write instead of being thoughtful, and attacking based on looks, or possible gender identity, or whatever - everything but the ideas and facts being presented.
Thank you, aruanan, and others on this thread.
Thanks for posting. Some of this stuff is getting ridiculous.
Thank you for your reasoned response. Rush actually defended Bain, more than Romney. Rush was so concerned about defending Bain, that he harmed Gingrich in the process, perhaps fatally. Even if the Gringrich’s attacks were not entirely fair, why is that suddenly more important than electing the most conservate candidate?
Bain took Clear Channel private in 2008 so they probably have enough of the stock for controlling leverage.
When did he sell?
See Post 185