Although our boy Willard avoids Mormon faith like the bubonic plague, I’m pretty sure that lying is still a sin in the “Mormon bible. And by every account I’ve come across, Mitty takes his faith seriously.
But apparently he doesn’t take it THAT seriously. Just serious enough to attempt to placate the religious masses with things like claiming that the US Constitution was “probably inspired,” and other self-serving chatter like that.
Willard has a case of the lying when it comes to just about anything that he thinks will work to get him elected president of these here United States of Merika. And what he lies most about is how he’s this wonderfully brilliant economic business genius.
And then he assures us that once at helm of the ship of state, he will fix all our financial woes. Of course President Obama doesn’t believe in free enterprise at all according to Mitt-Wit, he hates it in fact. On the other hand, Bain CEO the Mitt-meister, knows that business is just a case of strong-willed smart men willing to bet their fortunes on business schemes that, should they fail, will leave them paupers. That’s the difference between them and us–guts. We prefer to stay attached to our safe and boring little pencil-pushin’, lathe-operatin’ jobs for that “steady” paycheck, while brave souls like Mitty risk it all on their business acumen.
Naw, not really.
Actually they have scammed the game of free enterprise so that it never goes tilt.
Bain doesn’t go into a failing business, pour tons of cash in, restructure and so for and then sit and hope for the best. Far from it.
Basically what Bain does it access the money on hand of the company in question, take half of it, assess another quarter of the remainder for “professional expenses” and then restructure what is left and “hope for the best.” If it works, well that is nice. If it doesn’t, well, Bain has it’s profit, and the company is sold off in bits and pieces, Bain taking the bulk no doubt for its expenses, and paying off creditors if there is anything left.
This is what, in my opinion the Obama team is missing. They keep attacking Bain as if it is careless of the companies it takes on to “fix”, and even callous about the workers there. It is not. It’s just that they rig the game to win regardless. That’s not capitalism. That’s a scam, that it seems to me, leaves the crippled company in greater danger of going under than it would have if it had simply hired a new team to run things, and paid them the normal salary.
In today’s game of high-stakes venture capitalism, true capitalism is not being played. The playing field is anything but level. The rich have structured it so that succeed or fail, the rich get paid no matter what. It’s the way the CEO business is played these days–you don’t have to show a profit as CEO–your golden parachute is there cushion your fall regardless.
This is what Mitt-face is promoting–a corporatocracy where the “right” people control the wealth , establish what you “need” in salary, and maintain a stable workforce, one that has little or no recourse, except another job which is basically the same.
The Obama team needs to attack the very premise that what Romney and company do, remotely resembles free enterprise.
Related articles
- As Obama Team Releases New Bain Attack, Cory Booker Walks Back ‘Nauseating’ Critique: VIDEO (towleroad.com)
- The Reason Why Bain is important. (3chicspolitico.com)
- Obama Campaign Ad: The Story of Bain Capital and Ampad (littlegreenfootballs.com)
- Mitt Romney’s Bain Capital took $20 profit for every dollar invested in Ampad. Creditors got {title}.002. (dailykos.com)
Another case of capitalism for the poor and socialism for the rich.
Yes indeed that is how it works out.
This game does not have to be rigged. It’s just a completely different game: Bain, or any company for that matter, is out to make a profit, and it will do anything necessary to generate and maximize it. If they will get higher profits by laying off workers, they’ll lay off workers. If they decide that more employee will improve the bottom line, they will hire more. But whatever happens to workers is merely a side effect of that game, and not a purpose of it.
I agree with all you say but it seems to me that once upon a time, business was based on putting one’s money up for risk. The risk was putting up your own money and taking the risk that the public wouldn’t like what you were selling, thus you lost your investment. This Bain type of operation is based on never losing no matter what. Bain gets I am told $20 dollars back for every dollar invested. They take most of the money off the top I believe, and thus reduce the working capital of the company from the get go, then rely on their management skills to make it work. When it doesn’t, then they simply sell it off as a loss.
From what I know, Bain had lost money on some of their deals as well. You have to have huge starting capital on the order of hundreds of millions to play this game. But when you do, and you make a lot of deals, the profitable deals will outweigh the losing ones.
Considering that Bain does not actually produce any goods or services, other than investment opportunities, it is as much a wealth redistribution engine as a business. And, basically, wealth redistribution was Bain’s job and Bain was good at it. So if Mitt wants to run on his Bain record, he should be posing himself as a successful re-distributor of wealth.
he thinks lying is in his religions long term best interest so yeah, he doesn’t take it THAT seriously–because the end justifies the means huh.
yeah, a lot of religions seem to be interpreted as the ends justify the means. Funny how people tend to interpret things that they claim are so exactly set down by God’s own hand.