Romney privatized the gains and socialized the losses.

Discussion in 'Politics' started by Dante, Jul 17, 2012.

  1. Dante
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    Dante On leave Supporting Member

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    Romney privatized the gains and socialized the losses.

    Who says socialism is such a bad thing?

    "Mitt Romney touts his business acumen and job-creation record as a key qualification for being the next U.S. president."

    "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’s Bain Yielded Private Gains, Socialized Losses
     
  2. AVG-JOE
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    AVG-JOE American Mutt Staff Member Gold Supporting Member

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    But Dante... That's the American way!

    Take health insurance... Privatize all the profits gleaned from young and healthy workers paying premiums to private bureaucracies and as soon as they become disabled or 65 and start having routine medical claims, dump them off on the taxpayers via Medicare.

    Cha-Ching!!
     
  3. Dante
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    Dante On leave Supporting Member

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    You didn't get the memo? My handlers at Obama African-unAmerican Socialist Headquarters have assured me that the end is near. The camps are already being set up and names are being taken. When we thin the herd (think death panels), the healthcare issue will have become manageable.

    thank you Uncle Joe Stalin...we will copy your master plan
     
  4. whitehall
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    whitehall Gold Member

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    It sure beats the Barry Hussein strategy of "socializing the gains and privatizing the losses".
     
  5. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Which hasn't happened.
     
  6. Dante
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    Dante On leave Supporting Member

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    from the link you choose to ignore...

     
  7. Mustang
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    Mustang Gold Member

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    Wealthy, well-connected people have been gaming the system for a LONG time, even as they denounce lazy welfare queens etc. What's more, often when legislation is written, lobbyists make sure that the language is worded in such a way as to provide, at the very least, an ambiguous interpretation which their corporate bosses can exploit and still stay within the letter of the law.
     
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  8. Dante
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    Dante On leave Supporting Member

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    Romney's crony capitalism and vulture capitalism

    yeah, and have you seen that Willard Mitt Romney the Vulture Capitalist has the nerve to
    use this line of attack in Pennsylvania today:

    Romney told a Pittsburgh-area crowd that "he's ashamed" that Obama "hands out money to the businesses of campaign contributors."


    Romney smells defeat
     

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