The right wing does not like Mitt Romney. They do not want him as their man and they been attacking him. Mitt Romney’s big thing has been that he is a business man and he knows how to create jobs.
Mitt Romney’s people went after Newt Gingrich. That knocked him out of running. They did not have to lie about him they just told the truth. Newt is not a nice guy. That is one of his problems. The Republicans that worked with him and know him know that he is an ass hole.
Well then Newt Gingrich went after Mitt Romney. Newt attacked Mitt on his business know how and his moral conduct when he started up and ran Bain Capital.
Oh my sweet Jesus screams are going up in the Republican evil empire. Gingrich is attacking a business man and Wall Street corporation. He is attacking “capitalism” and the “free market.” Everyone in the evil empire (the Republican Party) is coming to the defense of Mitt Romney.
The very core and very foundation of the evil empire (the Republican Party) is that the corporation/big business is God. It can do anything to anyone at anytime and anyplace and you have no right to judge it or regulate it or control it.
Big corporations/Wall Street/Banks can do no wrong.
Now I do not remember Bain Capital. But I do remember when what they did was being discussed on the news. I remember watching discussions of those sort of operations on the news.
I had arguments with people at work. I said that a corporation had a duty to the nation and to the people. I said that they had a moral duty to their workers. All the people I worked with said “hell no” a corporation has only one reason to exist and that is to make money for stockholders. So if they want to move out from a small town and kill the town and leave all the workers without jobs and hope that it was OK. My argument was that the area and the worker had built the corporation. That the citizens gave the corporation tax breaks and all sorts of perks and that employees had spent their lives working for the corporation.
As I understand it.. The way Bain Capital worked is like this…
In fact I knew a business that had this done to them by Bain Capital or a Wall Street corporation like them…
The time I saw it worked and I think this was common… There was a chain of food stories. They had union employees that were paid a good wage. The company made a profit and was doing OK. The company was not in debt. Now the part that I could never understand and I attempted to understand it by watching shows like the News Hour (PBS) when they were discussing it but I could not understand it… Was that a group like Bain Capital would come in to that company and some how use the credit of the food chain stores and have the store take out money and put themselves in debt! Then Bain Capital was in control of the chain. Then Bain Capital would fire everyone and would sell off everything. So they sold each store. They sold the warehouses. They sold the trucking part of the company and everything else. Then they could also get a tax credit and not have to pay taxes and all other sort of cute tricks. The company like Bain Capital made a ton of money and left behind a scorched earth. Destroying everything they touched.
There was a name for that sort of operation and I forget now what it was called.
Years later I heard discussions on news shows, like the News Hour, that what took place then was wrong and did great damage. They talked about how that sort of operation had moved on to other ways to make money and did not do that sort of stuff as much.
Guess what they must have moved to? I am sure the stuff that got us in the mess that we are in right now.
But right now Republicans from every corner are going to the defense of Bain Capital and Mitt Romney.
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