Romney privatized gains, socialized losses

Discussion in 'Politics' started by Ravi, Jul 15, 2012.

  1. Ravi
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    Ravi Diamond Member

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    What’s clear from a review of the public record during his management of the private-equity firm Bain Capital from 1985 to 1999 is that Romney was fabulously successful in generating high returns for its investors. He did so, in large part, through heavy use of tax-deductible debt, usually to finance outsized dividends for the firm’s partners and investors. When some of the investments went bad, workers and creditors felt most of the pain. Romney privatized the gains and socialized the losses.

    Romney
     
  2. uscitizen
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    uscitizen Senior Member

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    Businesses have don really well at externalizing costs in recent years.
     
  3. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Wah wah wah Wahhhhhhhhhhhhhhhhhhhhhhhhh

    Put Suicide Prevention on speed dial when Obummber loses 57 states in Novemner
     
  4. Moonglow
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    Moonglow Diamond Member

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    How intelligent a retort.
     
  5. Mac1958
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    Mac1958 Platinum Member

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    Too funny.

    .
     
  6. Lakhota
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    Lakhota Diamond Member

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  7. Moonglow
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    Moonglow Diamond Member

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    That is the name of the game. private sector makes the gambles, pockets the profit and lets the US taxpayers pay off the loss. but then the repubs on USMB, Think it is poor that pay no taxes as the real culprit in the downfall of the US.
     
    Last edited: Jul 15, 2012
  8. Oddball
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    Oddball BANNED Supporting Member

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    How'd that "privatized gains, socialized losses" thingy work for Solyndra ans Sun Power?
     
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  9. Ravi
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    Ravi Diamond Member

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    Sweet, a deflection!

    How far are you up Romney's butt?
     
  10. jillian
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    jillian Princess Supporting Member

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    Isn't that what rightwingwers alwaysmdo for corporations....while they're screaming for "free markets"
     
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