Audio: Limbaugh hits Gingrich for Bain attacks

posted at 3:40 pm on January 10, 2012 by Allahpundit

A snippet from a sustained critique. This came earlier in today’s show but, according to Guy Benson, Rush was still laying into Newt at around 2:15 for sounding like Elizabeth Warren.

Are we sure Newt’s the worst offender, though? From ABC:

“Allowing these companies to come in and loot the, loot people’s jobs, loot their pensions, loot their ability to take care of their families and I will suggest they’re just vultures,” Perry said during a townhall at a retirement community here. “They’re vultures that sitting out there on the tree limb waiting for the company to get sick and then they swoop in, they eat the carcass. They leave with that and they leave the skeleton.”…

“I don’t think they want someone who has killed jobs in South Carolina on the altar of making more money for themselves and their company,” Perry said of Romney. “His other remark is elect me president because I’ve been in the private sector and I’ve created jobs. Well that’s we’re starting to see maybe not a honest assessment of what he did. He was also involved in the destruction of a lot of jobs in South Carolina.”

Lefty Greg Sargent, stunned to hear this sort of rhetoric pouring forth from America’s “jobs governor,” vents his amazement:

As Steve Benen notes, this is all a sign of how much the debate over free enterprise has shifted: “For all the talk about this being a center-right nation, there’s a realization that Americans are uncomfortable with excessive greed and the kind of ruthless, screw-the-workers style of capitalism Romney used to get rich.”

I’d go even further. This general election will turn heavily on a battle over the two candidates’ visions of capitalism and the proper role of government in regulating it. Yet the leading GOP candidates are on record arguing that Romney’s practice of it — which he regularly cites as proof of his ability to create jobs, as a generally constructive force and even as synonymous with the American way — is not really capitalism at all, but a destructive, profit-driven perversion of it. Thanks to them, this is no longer a left-wing argument. As the GOP candidates have themselves confirmed, this argument reflects concerns about Wall Street excess and lack of accountability that are thoroughly mainstream, and you’ll be seeing plenty of footage of these Republicans making it in battleground states this fall.

Indeed you will. But wait: Couldn’t the same be said of Romney’s early attacks on Perry for criticizing Social Security? That also played into the left’s hands by giving them bipartisan cover on a major ideological flash point. And that wasn’t a case of Romney attacking a marginal candidate either; had Perry been smoother at the debates he could have been the nominee and Mitt surely knew it when he dropped that entitlement bomb on him. Like I said yesterday, I think part of the reason Newt and Perry are getting grief now is because they waited so long to toss this grenade. If you’re going to do it, do it early before the field is settled. Doing it now, when Romney’s odds of winning the nomination have become nearly prohibitive, smacks of vindictiveness and desperation. (I didn’t hear Rush’s show this afternoon but Benson claims he made the same point.) The other difference is that entitlement reform has faded a bit as an issue over the past six months. It’s still vital and will remain vital, but after the Ryan budget passed, it looked like it might be the Democrats’ main weapon in trying to distract voters this year from unemployment and the economy. That seems less likely now: After the OWS hype and Obama’s embrace of gimmicks like the “Buffett rule” and the millionaire surtax, a crude class-warfare campaign against the predatory “one percent” seems more likely. (Ryan’s stepped away from his budget too and joined forces with Ron Wyden.) Newt and Perry are playing directly into that, as Sargent notes. Hence the anguish from some on the right.

For a thoughtful argument on why attacks on Romney’s Bain tenure should be fair game, read Jonathan Last at the Standard. The chief problem with the Newt/Perry attacks isn’t that they object to the practice of acquiring a troubled company with an eye to liquidating it — although we can, and will, have that “creative destruction” debate in cases where it happens — but that the demagoguery about “looting” implies that that’s all private equity firms do. Not so, as Last acknowledges. Sometimes they provide venture capital to grow a fledgling company, sometimes they take over with an eye to turning a struggling company around. To ignore that for some halfwit “vultures” talking point is to endorse the left’s caricature of financiers as Gekko-esque bloodsuckers. Didn’t think we’d have to worry about that in a Republican primary. Click the image to watch.

Update: Ron Paul to the rescue?

“I think they’re wrong. I think they’re totally misunderstanding the way the market works,” Paul told me. “They are either just demogoging or they don’t have the vaguest idea how the market works.”…

” I think they’re way overboard on saying that he wants to fire people, he doesn’t care, Paul said. “You save companies, you save jobs when you reorganize companies that are going to go bankrupt. And they don’t understand that.”

Compare and contrast: Team Gingrich’s rhetoric on “predatory” companies with that of … Britain’s Labour Party.

Update: Ramesh Ponnuru sarcastically echoes Rush’s point about who Gingrich sounds like.


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Attack dog ‘pious baloney’ Newt is up to his old ways.

Senator Coburn, who worked with Gingrich for years, and knows him best perhaps, found Newt’s ‘leadership lacking’ — cuz Newt was known as little more than an attack dog. He’s no pious saint. Now attack dog Newt is going after our own… with a vengeance, without concern for principle.

anotherJoe on January 10, 2012 at 3:45 PM

Right on, Rush.

I’m no Mitt fan by any means, but for God’s sake, why the hell do our guys sound like liberals?

Aizen on January 10, 2012 at 3:45 PM

I feel like I’m on the outside looking in. None of this makes sense! The most left-wing GOP candidate is being attacked for being a capitalist when he’s got a myriad of other things to attack?

SouthernGent on January 10, 2012 at 3:46 PM

Newt’s appeal to me in the past was that is clever and creative. But that’s paradoxically the source of his problem. He’s not as clever as he thinks he is and like academic lefties, his hubris in proposing technocratic solutions knows no bounds. Newt has not really run business and it shows.

philw1776 on January 10, 2012 at 3:46 PM

i find it hilarious that unless we embrace the ugliest part of capitalism that is a killer with independents in a flawed candidate whose only appeal is ‘general election electability’, that somehow that means “OMG!!!! THE GOP HATEZ CAPITALIZM!!!!!”

It’s like saying “unless you root for Michael Vick, you HATE ALL SPORTS!!!!!!!!!!!!!!”

Try again, Mittbots. Your guy is sinking…. drip… drip…

pamplonajack on January 10, 2012 at 3:46 PM

Well, there is a market-based case to be made against LBO’s.

abobo on January 10, 2012 at 3:47 PM

Finally some intellectual consistency from our Bloviator in Chief.

Good for Rush.

haner on January 10, 2012 at 3:47 PM

Seems like a lot of people sure are worried about Newt…

golfmann on January 10, 2012 at 3:49 PM

Newt might have had a chance to rehabilitate himself after Iowa if he actually HAD taken the highroad, but no- he had to give in to his ego and act like a scorned mistress. (ironic?) Politicians who have Newts history and angry demeanor, can’t really get away with upping the ugly.

BettyRuth on January 10, 2012 at 3:49 PM

Well, there is a market-based case to be made against LBO’s.

abobo on January 10, 2012 at 3:47 PM

Yep.

I don’t like that small-town banks are regulated to the hilt, but hedge funds (who via pooling & underwriting can greatly affect small-town commercial banks) have ZERO RULES at all. either regulate all or none.

DOES THAT MAKE ME LEFT WING, MITT BOTS?????

pamplonajack on January 10, 2012 at 3:49 PM

I’m slowly being persuaded to change my view on a couple of candidates. I don’t think I’m the only one.

Anti-capitalistic conservatism is not the kind of campaign platform I can get behind.

SlaveDog on January 10, 2012 at 3:50 PM

I liked how he said “I’m Barack Obama and I approve this message.” Gold.

CycloneCDB on January 10, 2012 at 3:50 PM

Seems like a lot of people sure are worried about Newt…

golfmann on January 10, 2012 at 3:49 PM

Yep. He’s been rising in the gallup national poll for a few days now, too. Coincidence>

pamplonajack on January 10, 2012 at 3:50 PM

lol, Rush is right about everyone of them.

What’s embarrassing is that Paul is better at defending Romney than Romney. He better hurry up, I hear blood flowing from Mitt campaign HQ.

Flapjackmaka on January 10, 2012 at 3:51 PM

I think part of the reason Newt and Perry are getting grief now is because they waited so long to toss this grenade. If you’re going to do it, do it early before the field is settled. Doing it now, when Romney’s odds of winning the nomination have become nearly prohibitive, smacks of vindictiveness and desperation.

So says Allah as only the second primary in the nation is underway. There is plenty of time for the voters to change their minds.

Sekhmet on January 10, 2012 at 3:51 PM

It’s amusingly ironic how the guy who used to act like the adult at the debates (Newt), and told the other candidates not to throw dirt ends up throwing more dirt than anyone else.

Besides, Mitt’s comments were taken out of context by the media.

Aizen on January 10, 2012 at 3:52 PM

Anti-capitalistic conservatism is not the kind of campaign platform I can get behind.

SlaveDog on January 10, 2012 at 3:50 PM

So not liking corporate raiders and ‘downsizing consultants’ = anti-capitalism?

WHY, THAT MITT ROMNEY IS A REGULAR JIMMY STEWART. LETTING THE ITALIAN IMMIGRANTS KEEP THEIR MORTGAGES. WINE FOR EVERBODY!!!

lol….. Mittens is having his worst week ever, and he’s going to have WON iowa and new hampshire. the cracks are coming open…

pamplonajack on January 10, 2012 at 3:52 PM

pamplonajack on January 10, 2012 at 3:50 PM

If by ‘rising’ you mean ‘still basically tied for second with Santorum’ then…

No, you’re still an idiot either way.

WealthofNations on January 10, 2012 at 3:52 PM

Newt might have had a chance to rehabilitate himself after Iowa if he actually HAD taken the highroad, but no- he had to give in to his ego and act like a scorned mistress. (ironic?) Politicians who have Newts history and angry demeanor, can’t really get away with upping the ugly.

BettyRuth on January 10, 2012 at 3:49 PM

Yeah I’m pretty much done with Newt at this point. He’s looking whiny and spiteful.

rollthedice on January 10, 2012 at 3:52 PM

It was good to hear El Rushbo take a break from his daily Romney bashing to take on Gingrich on this issue. Rush was right, he sounds like Elizabeth Warren. Yet he wants to be considered a Conservative.

The Opinionator on January 10, 2012 at 3:52 PM

I think part of the reason Newt and Perry are getting grief now is because they waited so long to toss this grenade. If you’re going to do it, do it early before the field is settled. Doing it now, when Romney’s odds of winning the nomination have become nearly prohibitive, smacks of vindictiveness and desperation.

Disagree. The normal republican doesn’t care just yet. My family are all republican and yesterday one of them asked me who Rick Santorum is…

pamplonajack on January 10, 2012 at 3:52 PM

Ron Paul’s the only one that sounds like a capitalist, yet Rush Limbaugh will do everything he can to make sure Paul doesn’t come near the nomination.

*sigh

aryeung on January 10, 2012 at 3:53 PM

Yea but if the capitalists had a right to all that money, how to we pay for great career perks such as private jets and parties with stars for community organizers who so enrich our nation with goods and services?

IlikedAUH2O on January 10, 2012 at 3:53 PM

I thought Rush had a very illuminating show today. The kind of show that is frustrating to some, including Rush.

Bmore on January 10, 2012 at 3:53 PM

How far over the line do you have to go to find a land where Ron Paul is the voice of reason and moderation?

Lily on January 10, 2012 at 3:53 PM

Mitt’s time at Bain Capital and his remarks regarding “firing people” are virtuous compared to the crony-capitalism bailouts and corporatism of the Bush and Obama administrations. It’s beyond absurd to decry the bailouts out of one side of your mouth, while attacking those who who actually fix the misallocation of capital out of the other.

soladoras on January 10, 2012 at 3:54 PM

Maybe if Romney didn’t start attacking Newt all these wouldn’t have happened

liberal4life on January 10, 2012 at 3:54 PM

No, you’re still an idiot either way.

WealthofNations on January 10, 2012 at 3:52 PM

MITTBOT_RUN_PROGRAM.EXE

SCAN_COMMENTS

FIND_?

GOTO: C:\WHINE

PRINT “National Review! Weekly Standard! Jen Rubin!”

pamplonajack on January 10, 2012 at 3:54 PM

pamplonajack on January 10, 2012 at 3:52 PM

Also, if by ‘corporate raiding’ you mean ‘buying companies that were going bankrupt anyway, trying to turn them around to make a profit and possibly keeping them from going under, thus saving all of the jobs at the possible expense of a few’ then yes, attacking that is the equivalent of being anti-capitalistic.

And if by ‘worst week’ you mean Newt and Perry continue their slide into irrelevance while Romney moves into winning New Hampshire and possible South Carolina and Florida, then I’d love to see what a good week for Romney is.

WealthofNations on January 10, 2012 at 3:55 PM

Hey Gingrich, remember Scozzafava? You’re a RINO ding dong. We see it, get ready to be stomped in the primary’s

jake49 on January 10, 2012 at 3:55 PM

newt is sickeningly despicable.

reliapundit on January 10, 2012 at 3:56 PM

pamplonajack on January 10, 2012 at 3:54 PM

Wow, your wit has slain me. I can’t believe how amazing your humor and intelligence is, it must be such a burden to you and all the people who refuse to talk to you because of your amazing capacity for thought.

WealthofNations on January 10, 2012 at 3:56 PM

RUSH IS A ROMNEYBOT!!11!!one!

thirtyandseven on January 10, 2012 at 3:56 PM

Who would have believed a few months ago grass root conservatives will be the ones defending Mitt Crony Capitalist Romney. What happened to “we can never accept him because of Romneycare”?

Would never have believed the so called “Liberal Media” would succeed in making tea party folks accept Romney. Someone we all know will lose to Obama.

Uppereastside on January 10, 2012 at 3:56 PM

Not to interrupt this thread but Rusty Humphries has Doc Zero on.

Bmore on January 10, 2012 at 3:56 PM

So says Allah as only the second primary in the nation is underway. There is plenty of time for the voters to change their minds.
Sekhmet on January 10, 2012 at 3:51 PM

Yes, because conservatives are so impressed by OWS talking points!

whatcat on January 10, 2012 at 3:56 PM

To borrow a quote from Red Dawn regarding Newt-
“All that hate is gonna burn you up”.

jjshaka on January 10, 2012 at 3:56 PM

Gingrich is flailing, and he’s wrong. But he’s doing Romney a favor. The man who likely will sweep the primaries, who otherwise would be paying scant attention to this issue in a party that doesn’t need convincing that capitalism is a good thing, needs to prepare for the Bain-bashing he’ll get from the Obama campaign the moment he’s the nominee. And Gingrich, Paul and Perry aren’t throwing anything at him that Obama and the media don’t already have, and would rather have held in reserve until the general.

de rigueur on January 10, 2012 at 3:57 PM

Rush is dead on the money.

I understand that this is a primary season and that candidates are going to attack each other. But to attack conservatism and the free market is unconscionable. Romney is vulnerable enough on Romney Care, flip flopping and TARP. His activities at Bain Capital have nothing to do with his record as a pulic servant. Newt’s engaging in class warfare is hideous.

Rush even said that Newt’s PAC should add the line “I’m Barack Obama and I approve this message” to the end of his Romney attack ads.

Circular firing squads again. Gevalt.

Rixon on January 10, 2012 at 3:57 PM

Uppereastside on January 10, 2012 at 3:56 PM

Can I please have a hit of whatever hallucinogen is helping you maintain this fantasy of yours? It sounds amazing.

WealthofNations on January 10, 2012 at 3:57 PM

I think there is a silver lining to all of this enmity. It’s interesting that, according to Gallup, Obama’s approval fell 4 points overnight, to 42-50 approve-disapprove. A lot of people are looking at this kind of anti-capitalist rhetoric coming from the right and they’re freaking out. Sure, they might vote for a loony democrat once in awhile — many tell themselves it’s a course correction — but they find comfort in knowing that conservatives are still sitting out there making sure the country doesn’t go too far left. Suddenly, they’re seeing that perhaps President Zero’s anti-business, anti-profit, anti-jobs demagoguery is having an effect — even on conservatives! And they don’t like it. Where will the course correction come from in such an environment? So it looks like a lot of folks are blaming Obama and his OWS campaign arm for this anti-business climate. Interesting. Liberals like Greg Sargent above think this means that being anti-business is “no longer a left-wing argument,” but it looks more likely that defending business will no longer be only a right wing argument. The American voters want business — and the jobs they know come with that — defended. They get it, even of Obama, Newt, Perry, and Huntsman do not.

Rational Thought on January 10, 2012 at 3:57 PM

What gave it away for you Rush ??

Was it the “Right Wing Social Engineering” comment or the photo op with your girfriend Nanny Pelosi?

FlaMurph on January 10, 2012 at 3:57 PM

Someone should tell Newt that the business gang just runs in the maze his type creates with goofy laws.

Next he will tell us how Reagan administration’s deregulation and the evil business/banksters caused the 2008 crash.

No, he has to like President Reagan..

IlikedAUH2O on January 10, 2012 at 3:58 PM

Thanks, Rush.

I feel like I’m on the outside looking in. None of this makes sense! The most left-wing GOP candidate is being attacked for being a capitalist when he’s got a myriad of other things to attack?

SouthernGent on January 10, 2012 at 3:46 PM

Yeah, no kidding. That’s the way capitalism works. If you don’t/can’t/won’t provide a quality goods or services, someone else will step in and do that, or just buy you out and make you over or liquidate you. It happens all the time.

Also, that is why there are mergers and acquistions. Two entities want to come together and be bigger and stronger.

But, at the same time, sure there are people who get hurt. But, then again, if they have marketable skills, should only be temporary.

Mirimichi on January 10, 2012 at 3:58 PM

The Bombastic Bain Bashing..sumpin..sumpin!

canopfor on January 10, 2012 at 3:58 PM

How far over the line do you have to go to find a land where Ron Paul is the voice of reason and moderation?

Lily on January 10, 2012 at 3:53 PM

Pretty darn far. I don’t know how many times this point has to be made, but I’ll make it again.

Ron Paul is perhaps the best candidate we have ever had run for the presidency on economic issues, bar none. I would say his economic ideas are even superior to those of Ronald Reagan.

Unfortunately, despite what the tea party wants to have us believe, fiscal policy alone does not a good president make, no matter how much debt the country is in.

Ron Paul is far from being a conservative on social issues and, yes, those do matter too.

And, most importantly, Ron Paul is an absolute disaster on foreign policy. A complete train wreck. He is not just wrong. He is dangerously wrong. He is so dangerously wrong that were he to be elected president, our country might ultimately cease to exist. Because while he would be working diligently to correct the financial mess we are in, he would also be simultaneously be dismantling our military infrastructure.

There is, therefore, no way I could ever support Ron Paul, regardless of who the opponent is.

Shump on January 10, 2012 at 3:58 PM

Let’s see, in the not-too-distant past, it seems that Republicans running for office have seen fit to rationalize both the healthcare mandate and attacks against corporations and profit.

If you ever wondered why this country is on the verge of disaster, it’s because, in the end, it’s us vs. them – the People vs. the Political Pigs in Perpetuity, on both sides of the aisle.

It used to be assumed that the politicians acted on our behalf, and pursuant to the power granted to them by the People. Now, it’s clear that it’s they who have the power and that their goal is to maintain that power … over us.

Their goal is for the People to serve them, and there’s no difference between the Parties … not in the end – when it comes down to us vs. them.

OhEssYouCowboys on January 10, 2012 at 3:58 PM

People who listen to Limbaugh have told me he isn’t going to officially support anyone in the primary. Not surprising, because I don’t think he’s ever done so before. However, is there any candidate he actually hasn’t pretty much destroyed? From the posts of clips of his program here, it seems he’s gone after them all. Hmm.

McDuck on January 10, 2012 at 3:59 PM

FlaMurph on January 10, 2012 at 3:57 PM

Maybe Rush is jealous. Newt was on a couch with her. It was on TV and everything.

IlikedAUH2O on January 10, 2012 at 3:59 PM

Newt is still the best choice.

Rose on January 10, 2012 at 4:00 PM

Yes, because conservatives are so impressed by OWS talking points!

whatcat on January 10, 2012 at 3:56 PM

Indies were, if you’ll recall. But keep covering your ears and pretending that the Bain stuff won’t matter in the general.

Good Solid B-Plus on January 10, 2012 at 4:00 PM

I feel like I’m on the outside looking in. None of this makes sense! The most left-wing GOP candidate is being attacked for being a capitalist when he’s got a myriad of other things to attack?

SouthernGent on January 10, 2012 at 3:46 PM

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Exactly my sentiments! Everything is backwards, it’s making my head hurt…

ellifint on January 10, 2012 at 4:01 PM

I like the idea of Newt debating any Democrat…but that influence peddling tub…is not doing himself, any favors right now.

KOOLAID2 on January 10, 2012 at 4:01 PM

How far over the line do you have to go to find a land where Ron Paul is the voice of reason and moderation?

Lily on January 10, 2012 at 3:53 PM

There is no line as far as the Anti-semitic Truther RP goes- It does not exist.

FlaMurph on January 10, 2012 at 4:01 PM

Newt is still the best choice.

Rose on January 10, 2012 at 4:00 PM

Why?

aryeung on January 10, 2012 at 4:01 PM

First of all, the people who are paying close attention to all this primary stuff, know exactly what Romney was saying, and they know perfectly well that Bain Capital did exactly what was expected of them. It’s a little offensive for Gingrich, Perry and Biff to think they can re-write the facts and no one is going to notice it. At some point Newt will realize what a mistake it was and then claim he did it purposely to throw support to Santorum. He’s just that kind of guy.

BettyRuth on January 10, 2012 at 4:02 PM

Oy,Political Collateral Damage!

canopfor on January 10, 2012 at 4:02 PM

I keep coming back to the equipment or boat metaphor. The brass are all invested in this piece of equipment or boat about which the rank and file are very dubious. All concerns brought about the safety of this new boat are summarily dismissed, and the management is all going to Abilene with the boat-builder buying the drinks. It is almost a fait accompli.

And then a couple of troublemakers, let’s call them Lizard and Tex, proceed to blow a hole the size of China in the side of the prototype, ruining the company’s initial investment–but proving the rank and file’s point about their concerns. Yeah, Lizard and Tex (Mostly Lizard) are in trouble, but both of them figure whatever happens is not as bad as the loss of life that could happen if the company had purchased and issued the full set.

Sekhmet on January 10, 2012 at 4:02 PM

Something is really wrong when Ron Paul makes sense.

JPeterman on January 10, 2012 at 4:02 PM

Good Solid B-Plus on January 10, 2012 at 4:00 PM

Yes, because as we know, OWS is currently ‘not’ polling in the mid-twenties to low thirties, and are currently the most popular thing in America since sliced bread.

WealthofNations on January 10, 2012 at 4:03 PM

would succeed in making tea party folks accept Romney. Someone we all know will lose to Obama.

I’m not seeing anyone go to Romney’s camp, just defend him from allegations. But 2012 was supposed to be about jobs and obamacare, he cant run on either. He also continually hurts himself by not saying anything. Down Ticket 2012!

Flapjackmaka on January 10, 2012 at 4:03 PM

HELLO! All you people who want inefficient firms kept open:

Our Capitalism is awful, huh?

I used to bleed for the rust belt. Still do, somewhat.

However, I will take you on my next trip to the former Soviet Union.

They would kiss Gekko’s feet.

And the beautiful women would do other things!

Old dogs must die.

IlikedAUH2O on January 10, 2012 at 4:03 PM

People who listen to Limbaugh have told me he isn’t going to officially support anyone in the primary. Not surprising, because I don’t think he’s ever done so before. However, is there any candidate he actually hasn’t pretty much destroyed? From the posts of clips of his program here, it seems he’s gone after them all. Hmm.

McDuck on January 10, 2012 at 3:59 PM

The same could be said for our beloved HA blog team. I think it’s a symptom of none of the candidates being that hot.

Kataklysmic on January 10, 2012 at 4:04 PM

This was not a good move by Gingrich and Perry..:)

PS..Kudos to El Rushbo for standing up against this..:)

Dire Straits on January 10, 2012 at 4:04 PM

pamplonajack on January 10, 2012 at 3:54 PM

I like and support Mitt, but those computer MittBott commands crack me up every time. Yours was hilarious.

aquaviva on January 10, 2012 at 4:04 PM

Something is really wrong when Ron Paul makes sense.

JPeterman on January 10, 2012 at 4:02 PM

If you listen to him on economics, he’s always sounded this way.

aryeung on January 10, 2012 at 4:04 PM

JPeterman on January 10, 2012 at 4:02 PM

Dude, when Ed, Allah, Tina, Jazz, Michelle, Rush, Coulter, Krauthammer, Rand and Ron Paul are all on the same side of Romney, and that side being defending him from criticisms by other conservatives, you know that something’s gone either horribly right or horribly wrong.

WealthofNations on January 10, 2012 at 4:04 PM

If one wanted to buy a company, it seems like you would want it to be successful. Right?

Now people have purchased other companies only to have that company go out of business but you would think that the purchaser would have lost money when that happened.

When it turns out that you invest 30 million of borrowed money into a company, then liquidate it and profit by 180 million, you must have had a different motive to buy that company other than making it profitable.

There are some bad actors in a capitalist society and it’s never wrong to ask for an explanation when that happens. Usually it can be explained, can’t it?

Vince on January 10, 2012 at 4:05 PM

Corporate raider =/= capitalist. There’s a lot of unjoined venn diagram space there. Bain only had bain’s investor returns in mind. Investor returns also =/= free market or capitalism. Romney has put his Bain Capital experience front-and-center as qualifying him for the presidency. It deserves to be examined and not shielded as “Republicans can’t criticize capitalism!!!!”

alwaysfiredup on January 10, 2012 at 4:05 PM

People who listen to Limbaugh have told me he isn’t going to officially support anyone in the primary. Not surprising, because I don’t think he’s ever done so before. However, is there any candidate he actually hasn’t pretty much destroyed? From the posts of clips of his program here, it seems he’s gone after them all. Hmm.

McDuck on January 10, 2012 at 3:59 PM

I’m not sure that Rush has ever strongly attacked Perry, although he might have brought up the HPV/in-state-tuition-for-illegals controversies.

Aizen on January 10, 2012 at 4:05 PM

“I’m a Reagan Conservative”…..

……..Newt

LOL

JPeterman on January 10, 2012 at 4:06 PM

Hey Gingrich, remember Scozzafava? You’re a RINO ding dong. We see it, get ready to be stomped in the primary’s

jake49 on January 10, 2012 at 3:55 PM

Do you rememeber the CONSTANT lambasting Rush Limbaugh gave Newt over Scozzafava? It was non-stop. I’m kind of surprised he EVER forgave Newt for it.

BettyRuth on January 10, 2012 at 4:06 PM

Limbaugh is the most overrated person in America. His opinion has zero affect on anything. Bain Capital is not Capitalism and to equate the two is making a huge disservice to Capitalism.
As someone wrote: Capitalism can defeat Obama but Bain Capital cannot”.

mnjg on January 10, 2012 at 4:06 PM

By the time, Team Left and Right are done with Romney,
Mittens will be the poster boy,for the Uber Rich…1 %!,

and,that narration,is what Team Hopey/Changey wants to achieve!

canopfor on January 10, 2012 at 4:06 PM

Kataklysmic on January 10, 2012 at 4:04 PM

Listening to the TEMS show and some folks are not happy with some of the GOP candidates and the Bain issue..:)

Dire Straits on January 10, 2012 at 4:06 PM

alwaysfiredup on January 10, 2012 at 4:05 PM

Dude, making money back on an investment, especially your own or for your fellow investors, is petty much the core root of capitalism.

But thanks for playing though, it’s been a thorough displeasure having you here.

WealthofNations on January 10, 2012 at 4:07 PM

A guy who sat on a corporate board with capitalists
—–
I disagree, it shatters mitt’s aura of electability will stringing a populist message to an uninformed public. the sheep like that. It was probably poll tested.

Flapjackmaka on January 10, 2012 at 4:07 PM

Corporate raider =/= capitalist. There’s a lot of unjoined venn diagram space there. Bain only had bain’s investor returns in mind. Investor returns also =/= free market or capitalism. Romney has put his Bain Capital experience front-and-center as qualifying him for the presidency. It deserves to be examined and not shielded as “Republicans can’t criticize capitalism!!!!”

alwaysfiredup on January 10, 2012 at 4:05 PM

I agree that Mitt Romney isn’t really a capitalist. He’s more a business man that has read about capitalism. That said, Newt Gingrich is starting to sound like a democrat. If he wanted to attack Romney, why not go after the things where Romney is clearly not a capitalist?

aryeung on January 10, 2012 at 4:08 PM

Ron Paul is perhaps the best candidate we have ever had run for the presidency on economic issues, bar none. I would say his economic ideas are even superior to those of Ronald Reagan.

The only thing Reagan was good for regarding economics was rhetoric. At least, he started off practicing it well and then it’s like he just gave up on what he preached.

Notorious GOP on January 10, 2012 at 4:08 PM

Interesting to see who’s trashing Rush today from yesterday. What’s the old saying, it depends on who’s ox is being gored.

Cindy Munford on January 10, 2012 at 4:08 PM

Dude, making money back on an investment, especially your own or for your fellow investors, is petty much the core root of capitalism.

WealthofNations on January 10, 2012 at 4:07 PM

Bullhockey. Creating a product or service that people like enough to pay for is the root of capitalism.

alwaysfiredup on January 10, 2012 at 4:08 PM

The same could be said for our beloved HA blog team. I think it’s a symptom of none of the candidates being that hot.

Kataklysmic on January 10, 2012 at 4:04 PM

That, or they don’t want to listen to everyone bitch over their choices.

BettyRuth on January 10, 2012 at 4:08 PM

Yes, because as we know, OWS is currently ‘not’ polling in the mid-twenties to low thirties, and are currently the most popular thing in America since sliced bread.

WealthofNations on January 10, 2012 at 4:03 PM

They’re polling that low because they were full of degenerates crapping on police cars. Early in the movement, they were polling well with indies, because the ideology they represented resonated with a lot of people, especially the squishy middle.

Good Solid B-Plus on January 10, 2012 at 4:08 PM

Yes, because as we know, OWS is currently ‘not’ polling in the mid-twenties to low thirties, and are currently the most popular thing in America since sliced bread.

WealthofNations on January 10, 2012 at 4:03 PM

This is not a particularly convincing argument. Most people don’t like a movement that they see has so much free time that it can do nothing but occupy parks? Shocking. The real issue is how people feel about groups like Bain in general. Opposition to that is going to be far higher than the 20s that OWS gets.

McDuck on January 10, 2012 at 4:09 PM

canopfor on January 10, 2012 at 4:06 PM

I think this is the only silver lining in this “mess”..If it comes out now Romney (Should he win the nomination) will be better prepared to defend it..IMHO..:)

Dire Straits on January 10, 2012 at 4:09 PM

That said, Newt Gingrich is starting to sound like a democrat. If he wanted to attack Romney, why not go after the things where Romney is clearly not a capitalist?

aryeung on January 10, 2012 at 4:08 PM

If romney had made millions by starting a porn empire, would we still be having this discussion? Not all “capitalism” is necessarily moral or honorable.

alwaysfiredup on January 10, 2012 at 4:09 PM

Yes, because conservatives are so impressed by OWS talking points!
whatcat on January 10, 2012 at 3:56 PM

Indies were, if you’ll recall.
Good Solid B-Plus on January 10, 2012 at 4:00 PM

Yes, that’s why Romney is defeating Obama even among independents:
Among GOP hopefuls, Romney fares best against Obama

whatcat on January 10, 2012 at 4:10 PM

Perry is such an ignoramus I don’t really blame him for sounding like a blithering idiot, it is not like he comes up with any thoughts of his own anyway. For this I blame his idiotic campaign managers who should never have a job in GOP politics again..

as for Fat Newt- he knows better. He knows what he is doing is parroting lib talking points and he doesn’t care. He just wants to kamikaze Romney because he erroneously believes Mitt kept Newt from “becoming a world historical figure” as Newt has always claimed to be..

Shame on them, and shame on ANY of you who still support these losers!

AirForceCane on January 10, 2012 at 4:10 PM

For what it’s worth, Rush also (today) said that he believes Mitt Romney may be the second coming of Richard Nixon.

Not good, folks. Not good.

And who is this candidate that he believes will push Romney to the right?

aryeung on January 10, 2012 at 4:10 PM

Speaking of the Lefty’s Narration Attempt!!

Behold:
_______

O/T…The Democrat Operatives launch,”OPERATION PINK SLIP”!
===========================================================

PeterAlexander tweeted:
************************

Jumping on Romney’s “pink slip” remark, look what NH Dems are handing out:

(PHOTO) http://t.co/Fdxru3AEStory metadata:
Submitted 8 mins ago from twitter.com/PeterAlexander by editor

(Photo)

http://yfrog.com/khmxitxj
=========================

http://www.breakingnews.com/

canopfor on January 10, 2012 at 3:38 PM

canopfor on January 10, 2012 at 4:10 PM

some folks are not happy with some of the GOP candidates and the Bain issue..:)

Dire Straits on January 10, 2012 at 4:06 PM

I’m one. I thought Boss Emeritus’ piece was dead on the money.

Kataklysmic on January 10, 2012 at 4:10 PM

What a bunch of losers. These dwarfs are destroying the republican party. I just pulled the switch for romney over at drudge, just to be done with this garbage.

paul1149 on January 10, 2012 at 4:11 PM

I was able to overlook many of Newt’s warts, but this is just too much to let slide.

You lost my vote, Mr. Gingrich. Looks like I will (once again) have to hold my nose and vote for Mitt at the end of the month.

Common Sense Floridian on January 10, 2012 at 4:11 PM

Cindy Munford on January 10, 2012 at 4:08 PM

LoLz..I think the saying goes like this..ox goring is a fun and clean sport unless it is your ox..:)

Dire Straits on January 10, 2012 at 4:11 PM

Ramesh Ponnuru

Gingrich’s behavior is frankly so outside the norm for a Republican, only a Kenyan anti-colonial mindset can explain it.

Gingrich is an embarrassment to republicans. Also that idiot giving him money to do this, is a complete tool.

rubberneck on January 10, 2012 at 4:11 PM

Gingrich sounds like Lizzy Warren.

Wigglesworth on January 10, 2012 at 4:12 PM

paul1149 on January 10, 2012 at 4:11 PM

Romney will destroy the GOP on par with GWB because he will do awful things and demand we not criticize, just like Bain.

alwaysfiredup on January 10, 2012 at 4:12 PM

All I care about is destroying Mitt by any means necessary. I love Newt. He is taking one for the team.

I like to think something really awesome is happening here. all true colors are being exposed thanks to Newt and its driving everyone crazy.

Bain Capital creates jobs in Latin America and a vote for Mitt is a vote for a planned parenthood appeaser, we are missing all the so called conservatives on those facts?

Its all a big game, nobody was supposed destroy Mitt this early, Mitt is unelectable.

boogaleesnots on January 10, 2012 at 4:12 PM

Didn’t Reagan fire a boatload of air traffic controllers?

Newt is a Reagan Conservative like the Democratic People’s Republic of Korea is a democracy.

haner on January 10, 2012 at 4:13 PM

Kataklysmic on January 10, 2012 at 4:10 PM

I agree (with you and MM)..This is not good and needs to go away..:)

Dire Straits on January 10, 2012 at 4:13 PM

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