Romney and Bain Capital
Recently, there has been a lot said about Bain Capital and Mitt Romney, and after reading this article pretty much all of it (positive and negative) is either untrue or an exaggeration:
http://online.wsj.com/article/SB1000...713493694.html Here is what I took away: Quote:
On a side note, I'm shocked to see how other Republicans have basically disqualified themselves by going after Mitt's record at Bain and his comments for wanting to "fire" insurance companies if you don't like them or their services. If there is any litmus test for Republicans it is a principled belief in capitalism. Gingrich, Huntsman, and Perry have all doomed their own campaigns by going for an ignorant, populist, anti-wealth, class-warfare message to attack Romney. Leave that garbage for the Democrats. |
Re: Romney and Bain Capital
I agree it's mostly spin in regard to Romney's record at Bain; however, I do think there is a valid larger discussion concerning financial professionals and financial instruments that simply shift money around and do not create value and/or wealth for the country, and instead make those financial professionals rich. It's all very complicated though, and I'm certainly in no position to legitimately have that discussion.
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Joke. Save your fingers. |
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Yeah, I just did.
This made me think though, in a "hmm, what if" way, not a "Ha Ha, I knew it!" way. Quote:
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I wonder if they were getting involved with different companies in the same field of work (I don't mean all of them, but some of each, rather than all of one, or one of everything), and then somehow running their own smaller businesses/investments out of business, in order for their larger ones to get even larger, because you've just made the market smaller. |
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Now if there is any evidence that Bain was predatory as Gingrich suggested, I'm all ears, but Bain's track record doesn't reflect it the way I read the evidence. Reading that article I think it's very difficult to make a case that Bain's model was that of a corporate cannibal. |
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I was just basing that "I wonder/what if" on his personality of "I love to fire people", and "I'm glad he had to take a mortgage on his house to beat me" with a little bit of "sometimes job losses are necessary for the bottom line of the company." Everything he says - mixed with those quotes, just makes the guy seem 100% all about the income of himself and his cronies. Quote:
Is there some type of document that says which businesses they invested in went out of business compared to everything they invested in, and which ones showed profit after the other ones went under. It'd be a pretty evil scheme to invest in a company under the guise of helping it succeed, yet doing minimal effort to ensure that it actually does go under, so your other companies then eat their share of the market - and you (whomever invested) can sit back and say "Look, we tried to help, this shit just doesn't always work out." Which I find to be a flimsy excuse for a professional company - at least not a really good one. It's like those interior decorator shows where they ask for (let's say) X dollars, yet are never under budget. It's like "Fuck, you redecorate houses, and give estimates for a living, how do you always go over-budget." Quote:
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