DM - Best article on Bain Capital

[Pressing-On]

DM, This is the best article I have ever read on Bain Capital. Same information that Perry and Newt were quieted on. The RNC shut them down really quick on that talking point. LOL!

And this article, even though in the Beast, is written by Reagan's budget director.

Mitt Romney: The Great Deformer
Oct 15, 2012 1:00 AM EDT
Is Romney really a job creator? Ronald Reagan’s budget director, David Stockman, takes a scalpel to the claims.

Bain Capital is a product of the Great Deformation. It has garnered fabulous winnings through leveraged speculation in financial markets that have been perverted and deformed by decades of money printing and Wall Street coddling by the Fed. So Bain’s billions of profits were not rewards for capitalist creation; they were mainly windfalls collected from gambling in markets that were rigged to rise.

http://www.thedailybeast.com/newswee...ain-drain.html

[DaveC519]

Originally Posted by Pressing-On

DM, This is the best article I have ever read on Bain Capital. Same information that Perry and Newt were quieted on. The RNC shut them down really quick on that talking point. LOL!

And this article, even though in the Beast, is written by Reagan's budget director.

That is a really long article based on a yet-unpublished book, and filled with a lot of details which, as of yet, have not been independently corroborated. How do you suppose the Obama team will be able to use all of this against Romney in the next three weeks?

[Dedicated Mind]

i'll read it later, little occupied right now. thanks.

[Pressing-On]

Originally Posted by DaveC519

That is a really long article based on a yet-unpublished book, and filled with a lot of details which, as of yet, have not been independently corroborated. How do you suppose the Obama team will be able to use all of this against Romney in the next three weeks?

Yes, a long article and well worth the read. I am more interested in getting into the details of the Bain type of functioning than I am on what the Dems will do with it.

What caused me to become curious was how Newt and Gov. Perry, totally, dropped the issue, like a bad egg, after their initial comments. My ears perked up when I saw that happening and I wanted to know more. I felt something that would hamper a GOP win was at stake and I wanted to know more.

I also knew that the Occupy Movement, although beginning with the premise of, "we owe them everything" (a leftist/Socialist view), it was also, to many, about the subject of Crony Capitalism and it's blatant unfairness. That is what this article, for me, addresses.

We don't really have to go far in any type of independent corroboration to know this to be true - "That is the modus operandi of the leveraged-buyout business, and in an honest free-market economy, there wouldn’t be much scope for it because it creates little of economic value. But we have a rigged system—a regime of crony capitalism—where the tax code heavily favors debt and capital gains, and the central bank purposefully enables rampant speculation by propping up the price of financial assets and battering down the cost of leveraged finance."

After reading the article, you can't honestly say it does not have merit.

[Pressing-On]

Originally Posted by Dedicated Mind

i'll read it later, little occupied right now. thanks.

[DaveC519]

Originally Posted by Pressing-On

Yes, a long article and well worth the read. I am more interested in getting into the details of the Bain type of functioning than I am on what the Dems will do with it.

What caused me to become curious was how Newt and Gov. Perry, totally, dropped the issue, like a bad egg, after their initial comments. My ears perked up when I saw that happening and I wanted to know more. I felt something that would hamper a GOP win was at stake and I wanted to know more.

I also knew that the Occupy Movement, although beginning with the premise of, "we owe them everything" (a leftist/Socialist view), it was also, to many, about the subject of Crony Capitalism and it's blatant unfairness. That is what this article, for me, addresses.

We don't really have to go far in any type of independent corroboration to know this to be true - "That is the modus operandi of the leveraged-buyout business, and in an honest free-market economy, there wouldn’t be much scope for it because it creates little of economic value. But we have a rigged system—a regime of crony capitalism—where the tax code heavily favors debt and capital gains, and the central bank purposefully enables rampant speculation by propping up the price of financial assets and battering down the cost of leveraged finance."

After reading the article, you can't honestly say it does not have merit.

Yes, I agree that this is all worth further investigation, not for Romney's participation in the system, but because of the system itself. The system is broken. If there is such a thing as ethical capitalism (and I am a capitalist) , this is not it. So, while Romney and Bain may not have done anything illegal, it certainly appears they fully exploited a system which is itself broken and immoral.

[Dedicated Mind]

po. this article really shows that Romney really doesn't have any special qualifications to be president, at least with Obama, I know that he is on the side of workers, families, the middle class, working poor and disabled. Obama has the right values in my opinion. I would gladly support a republican that was looking out for the middle class, not tax cuts for the wealthy. this election is all about taxes and whose values you represent, imho.

[Pressing-On]

Originally Posted by DaveC519

Yes, I agree that this is all worth further investigation, not for Romney's participation in the system, but because of the system itself. The system is broken. If there is such a thing as ethical capitalism (and I am a capitalist) , this is not it. So, while Romney and Bain may not have done anything illegal, it certainly appears they fully exploited a system which is itself broken and immoral.

That is it. Thank you.