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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Schadenfreude on January 10, 2012 at 6:14 PM

Cheers..:)

Dire Straits on January 10, 2012 at 6:15 PM

Mitt’s electibilty myth

OK.. correct me if I am wrong, but aren’t all of the candidates electable? Isn’t the garbageman more electable than Obama? An orange juice can?

You are saying that this leftist, Utopian strategy is the only thing that worked, but we don’t know if it has. It may make him even stronger. Obi Wan Romnobi?

antisense on January 10, 2012 at 6:16 PM

antisense on January 10, 2012 at 6:08 PM

Perry DID “produce a commercial” showing Mitt signing Romneycare on one side of the screen and Obama signing Obamacare on the other, and it didn’t stick to Mitt. If that line of attack was working to hurt Mitt, Mitt would not be poised to run the table. He won IA. He will win NH. He is leading in the polls in SC. C’mon, if you really want to defeat Mitt, this was the ONLY way to do it. I’m thrilled this primary doesn’t consist of the usually “go along/get along” types of Republican candidates; that sort gives us losers like Ford, Dole, and McCain.

Aslans Girl on January 10, 2012 at 6:19 PM

whatcat on January 10, 2012 at 6:10 PM

I agree 100%. Newt tried to get Santorum to go along the same lines, but settled on convincing Perry to hop back in the race?

antisense on January 10, 2012 at 6:20 PM

You can thank the repub establishment for this crap. And it IS crap.

They’ve been foisting moderates on us for years. Tea Party shakes it up, gives back the House, all the establishment is worried about is:

A) taking the Senate
B) not appearing racist when attacking Obamao
C) remaining in power

Now Mitt MIGHT be a decent president, or he could be W2. However, he could also be the blue blood the RNC wants to manipulate, someone who won’t do too much to shake up the status quo. In fact, he’ll just tinker enough to let the economy recover on its own and then take credit, meanwhile the SSA is on fire and he’s whistling dixie.

Newts already pissed too many people off, so he won’t care. However, he has a propensity to shoot himself in the face when attacking a rival on the wrong issue.
Perry: has he ever had a cogent thought?
Santorum can’t win his own state Senate seat, so how the hell is he going to win a Massive General Election for President?

Paul can’t find a good fitting suit.

Someone said John Huntsman was running as well. Who is he?

I rest my case. Blame the RNC for this garbage, not Perry and Gingrich.

JP1986UM on January 10, 2012 at 6:20 PM

Thank God for Newt and Perry doing this. It is shattering Mitt’s electibilty myth right before our eyes and much to the chagrin of the LEFT.

Aslans Girl on January 10, 2012 at 6:10 PM

Just watched the trailer at kingofbain.com. What a joke. At the end it said “paid for by Winning our Future.” Newt and Perry aren’t just going to wake up with fleas, they are going to wake up with syphilis.

What this country is long overdue for is an education on how important it is to shut down under-performing companies so that resources can go where they will be more effective. That will be a great segue into why we need to cut the size of government.

pedestrian on January 10, 2012 at 6:21 PM

SauerKraut537 on January 10, 2012 at 6:11 PM

We’ll see what South Carolinins think about that. Bain came to SC and laid off thousands. I hope the voters go with Perry and not Newt, of course, but this is not going to cook Newt like some think. This just might play well in SC. They know first-hand about Bain.

Aslans Girl on January 10, 2012 at 6:21 PM

antisense on January 10, 2012 at 6:16 PM

Hey, I’m not the one saying that only Mitt’s “electible”, the conservative media, the MSM, everyone is telling us that. Why do you think I said it was a “myth”?

AS for not knowing if this will work, uh, yes we do. Bain was all over the news yesterday. The second I stopped on CNN, Bain is what I heard (along with Romney’s gaffe du jour, “I like firing people”). This has ALREADY gotten the kind of traction Romneycare never got.

Aslans Girl on January 10, 2012 at 6:25 PM

Ok, if this primary is full of people who don’t want Mitt, why is going after Bain the only way? Doesn’t it appeal only to their base emotions of jealousy? Newt and Perry could not win by using logic? If not, why?

I guess Time was prescient. We are all Socialists now.

Takeaway question:Does Newt actually believe what he is saying?

antisense on January 10, 2012 at 6:25 PM

Ronald Reagan cries and would never approve of what Romney started. Look in the mirror. It’ll help you, a lot.

Schadenfreude on January 10, 2012 at 5:28 PM

OH I got it…..but you did it first.

Your mom cries.

CW on January 10, 2012 at 6:25 PM

Bain can lay off 100,000 if 100,001+ would have lost that job otherwise. Companies exist to make money. Not to provide daycare to adults.

MechanicalBill on January 10, 2012 at 6:26 PM

We are all Socialists now.

Takeaway question:Does Newt actually believe what he is saying?

antisense on January 10, 2012 at 6:25 PM

Class warfare is all the rage.

CW on January 10, 2012 at 6:26 PM

Big Business + Big Government = Bad news

Bain Capital + Pension Bailout = Bad news
Bain Capital + Layoffs = Bad News
Bain Capital + Bad Tax Policy = Bad news

Primaries should not have to be contests between bad and worse but that’s what we have.

trhediger on January 10, 2012 at 6:27 PM

Bain can lay off 100,000 if 100,001+ would have lost that job otherwise. Companies exist to make money. Not to provide daycare to adults.

MechanicalBill on January 10, 2012 at 6:26 PM

But the likes of Asian’sGirls are willing to forget what they supposedly believe just to win. Not too committed.

CW on January 10, 2012 at 6:27 PM

Ok, if this primary is full of people who don’t want Mitt, why is going after Bain the only way? Doesn’t it appeal only to their base emotions of jealousy? Newt and Perry could not win by using logic? If not, why?

I guess Time was prescient. We are all Socialists now.

Takeaway question:Does Newt actually believe what he is saying?

antisense on January 10, 2012 at 6:25 PM

I doubt it, but who really knows?

gryphon202 on January 10, 2012 at 6:27 PM

The only people who talk about a “Romney electability myth” are little sissy supporters of the various other candidates whose widdow feewings have been hurt by … their candidates losing.

Bunch of Nancies. He won’t lose if all of the Republicans vote for him.

Jaibones on January 10, 2012 at 6:28 PM

Primaries should not have to be contests between bad and worse but that’s what we have.

trhediger on January 10, 2012 at 6:27 PM

So that is all Bain provided? Please. You’re just another nut.

CW on January 10, 2012 at 6:28 PM

pedestrian on January 10, 2012 at 6:21 PM

Stealing people’s pensions, even if “legal”, is not just “shutting down” companies. If that’s all Mitt did — lay off thousands of people — it would be bad only in the sense that it will be enough for Obama to attack him on and sway low-info voters, but Bain took people’s hard-earned pensions, too, to make Bain profitable. That might be legal, but it is sickening.

Aslans Girl on January 10, 2012 at 6:29 PM

Takeaway question:Does Newt actually believe what he is saying?

antisense on January 10, 2012 at 6:25 PM

I doubt it, but who really knows?

gryphon202 on January 10, 2012 at 6:27 PM

Fannie & Freddie Mac

nah I doubt it.

CW on January 10, 2012 at 6:30 PM

Aslans Girl on January 10, 2012 at 6:21 PM

I can guarantee you South Carolinians are not going to embrace Rick “2 outta 3 ain’t bad” Perry’s choice of hunting lodges. That’s for sure.

…SC lost their entire textile industry to overseas producers, so losing jobs is not as vogue as you might think.

That Bain dog aint gonna hunt so good…as they say.

FlaMurph on January 10, 2012 at 6:30 PM

Being that “Aslans Girl” can read Perry’s mind and all, it’s too bad that he didn’t hire her to stand him for him as a “stunt debater” he might have had a chance…

E L Frederick (Sniper One) on January 10, 2012 at 6:30 PM

Stealing people’s pensions,

Aslans Girl on January 10, 2012 at 6:29 PM

You better call the cops.

CW on January 10, 2012 at 6:30 PM

Stealing people’s pensions, even if “legal”, is not just “shutting down” companies. If that’s all Mitt did — lay off thousands of people — it would be bad only in the sense that it will be enough for Obama to attack him on and sway low-info voters, but Bain took people’s hard-earned pensions, too, to make Bain profitable. That might be legal, but it is sickening.

Aslans Girl on January 10, 2012 at 6:29 PM

As someone pointed out in another thread earlier today, sometimes underfunded pensions occur because of bear markets. It’s not always because of dodgy practices in the contributions/withdrawals. Thanks, President Obama!

gryphon202 on January 10, 2012 at 6:30 PM

CW on January 10, 2012 at 6:25 PM

I leave all moms alone. YOU leave mine alone.

Schadenfreude on January 10, 2012 at 6:31 PM

The only people who talk about a “Romney electability myth” are little sissy supporters of the various other candidates whose widdow feewings have been hurt by … their candidates losing.

Bunch of Nancies. He won’t lose if all of the Republicans vote for him.

Jaibones on January 10, 2012 at 6:28 PM

Not all Republicans will. Not saying I personally feel that way towards him, but that’s a take-it-to-the-bank fact. Many do feel like we don’t need Obama-lite, but I think that’s exactly what we’re going to end up nominating.

gryphon202 on January 10, 2012 at 6:32 PM

I really don’t think Mitt started the turdfest because the turdfest started before 2008 with Huckabee. Mitt is just the first to resume the turdfest and now Perry and Newt are engaging in the turdfest but I could back fire, which I suppose would produce more turds since isn’t that what back firing is?

Anyway Newt and Perry look ugly when they fight but Romney is able to do it while looking like a statesman. Or else he lets his people do the knee capping like Schmidt and Wallace did to cover for McCain.

I guess this makes me sound like a fake conservative somehow.

Frobenius on January 10, 2012 at 6:32 PM

So who is looking out for us? Will someone step up and lead!

It’s 2008 all over again – Signs the apocalypse are upon us.

not-ur-avragejoe on January 10, 2012 at 6:33 PM

gryphon202 on January 10, 2012 at 6:32 PM

Yep. Nothing much will change no matter who it is unfortunately. I like your posts.

Frobenius on January 10, 2012 at 6:33 PM

“stunt debater” he might have had a chance…

E L Frederick (Sniper One) on January 10, 2012 at 6:30 PM

But can she stunt smirk?

CW on January 10, 2012 at 6:34 PM

Bain can lay off 100,000 if 100,001+ would have lost that job otherwise. Companies exist to make money. Not to provide daycare to adults.

MechanicalBill on January 10, 2012 at 6:26 PM

You’re right. The ultimate concern isn’t that jobs themselves were lost.

However, our concern is why the jobs were lost. If Bain, under hostile takeover, took apart and sold a company for a profit, that would still be capitalism. If Bain, under the guise of helping a company, leveraged the company to the point of bankruptcy and received the debt as profit, that is not capitalism, that is deceit.

ZGMF_Freedom on January 10, 2012 at 6:34 PM

CW on January 10, 2012 at 6:28 PM

No ad hominems, please.

trhediger on January 10, 2012 at 6:34 PM

This isn’t merely about the lay-offs. That will only hurt Mitt with low-info voters which Obama will use. What’s bad is the pension looting. Those employees paid into those pension funds and Bain “stole” them. Then, Bain dumped the pesions on the GOVERNMENT and WE the TAXPAYERS ended up paying those pensions AFTER Bain took the $$ and pocketed it to make themselves rich. Bain took $55 million in taxpayer funded bailouts. Tell me how that’s what the Tea Party believes in? Tell me that’s the American Way of doing things. This isn’t about companies being “day-care for adults”.

Aslans Girl on January 10, 2012 at 6:34 PM

I leave all moms alone. YOU leave mine alone.

Schadenfreude on January 10, 2012 at 6:31 PM

Sure tough guy. I see that stung. Grow up.

You just proved my point further thanks.

CW on January 10, 2012 at 6:36 PM

Oh, and, I know that when the GOVERNMENT takes over pensions, it’s 50% less than what the employee would’ve gotten if the company hadn’t been looted. 50% less! That kills older workers who have paid into the pension fund and were expecting to retire on that. This won’t play well in the general and it shouldn’t play well in the primary.

Aslans Girl on January 10, 2012 at 6:36 PM

Yep. Nothing much will change no matter who it is unfortunately. I like your posts.

Frobenius on January 10, 2012 at 6:33 PM

I hate my posts. I wish I didn’t have to say what I feel like I have to say. Oh well. There is always (or may be) 2016. If we’re still holding elections by then.

gryphon202 on January 10, 2012 at 6:37 PM

That will only hurt Mitt with low-info voters which Obama will use. What’s bad is the pension looting. Those employees paid into those pension funds and Bain “stole” them. Then, Bain dumped the pesions on the GOVERNMENT and WE the TAXPAYERS ended up paying those pensions AFTER Bain took the $$ and pocketed it to make themselves rich. Bain took $55 million in taxpayer funded bailouts. Tell me how that’s what the Tea Party believes in? Tell me that’s the American Way of doing things. This isn’t about companies being “day-care for adults”.

Aslans Girl on January 10, 2012 at 6:34 PM

Obama already owns the low info voters.

Looting? Really…call the cops.

CW on January 10, 2012 at 6:37 PM

But can she stunt smirk?

CW on January 10, 2012 at 6:34 PM

What nancy has a problem with smirking??

FlaMurph on January 10, 2012 at 6:37 PM

But the likes of Asian’sGirls are willing to forget what they supposedly believe just to win. Not too committed.

CW on January 10, 2012 at 6:27 PM

You keep referring to a poster named “Asian’sGirls”, who is that? My name is AsLan’s Girl, with an L not an i. Maybe you meant me?

Aslans Girl on January 10, 2012 at 6:38 PM

What? Rush trying to influence the election primary tonight?

Bad form, Rush.

Amjean on January 10, 2012 at 6:38 PM

No ad hominems, please.

trhediger on January 10, 2012 at 6:34 PM

Heh. You must be new here.

CW on January 10, 2012 at 6:38 PM

This won’t play well in the general and it shouldn’t play well in the primary.

Aslans Girl on January 10, 2012 at 6:36 PM

No it won’t play well in the general…so how come Newt and Perry are sabotaging their own party? I can’t wrap my normally agile mind around this. They talk like OWSers, and we’re supposed to give them the benefit of the doubt before we determine if they’re mischaracterizing a private business venture that may or may not have anything to do with how Romney has governed or will govern?

Can we please, for the love of gawd, get back to discussing policy? Please?

gryphon202 on January 10, 2012 at 6:39 PM

Maybe you meant me?

Aslans Girl on January 10, 2012 at 6:38 PM

Yeh meant you asians girl.

CW on January 10, 2012 at 6:39 PM

Aslans Girl on January 10, 2012 at 6:34 PM

I take it you don’t know any GM bondholders…. Do you ?

FlaMurph on January 10, 2012 at 6:40 PM

Bunch of Nancies. He won’t lose if all of the Republicans vote for him.

Jaibones on January 10, 2012 at 6:28 PM

All the registered HotAir posters can stay home on election day and Romney will still win- Have you seen how many self described Democrat/independents are being polled out of N.H. that voted Romney? On all four networks! People are done with Obama, and they want a candidate that can win.

BettyRuth on January 10, 2012 at 6:40 PM

They talk like OWSers, and we’re supposed to give them the benefit of the doubt before we determine if they’re mischaracterizing a private business venture that may or may not have anything to do with how Romney has governed or will govern?

Can we please, for the love of gawd, get back to discussing policy? Please?

gryphon202 on January 10, 2012 at 6:39 PM

Nah why get back to discussing policy or hammering Obama when we can act like leftists and try to destroy Republicans?/

CW on January 10, 2012 at 6:40 PM

CW on January 10, 2012 at 6:38 PM

Nope.

trhediger on January 10, 2012 at 6:41 PM

ZGMF_Freedom on January 10, 2012 at 6:34 PM

Yep. I don’t think that the good American Way.

Aslans Girl on January 10, 2012 at 6:41 PM

Newt and Perry hope Mitt gets a Bain seizure and has to pay the money back (:

Frobenius on January 10, 2012 at 6:42 PM

AsiansGirl it appears you are accusing Romney of looting and stealing. Seriously you need to talk to the D.A. and do it in a hurry. I am not sure of the statue of limitations on such things.

CW on January 10, 2012 at 6:42 PM

Creative destruction is a necessary evil in the free markets. Romney’s situation looks more and more like it is not an example of creative destruction. The free market requires that two parties enter into a contract in good faith. I’m questioning whether Bain Capital entered into their relationship with WGS in good faith. Why did Bain advise WGS to use 33% of their new debt to pay dividends to Bain instead of capital equipment purchases?

ZGMF_Freedom on January 10, 2012 at 6:42 PM

Nope.

trhediger on January 10, 2012 at 6:41 PM

So when I run into in the future are you going to point out all the name calling and the use of fallacious arguments? If so , you are going to be busy. Are you up for the job?

CW on January 10, 2012 at 6:43 PM

I’m questioning whether Bain Capital entered into their relationship with WGS in good faith. Why did Bain advise WGS to use 33% of their new debt to pay dividends to Bain instead of capital equipment purchases?

ZGMF_Freedom on January 10, 2012 at 6:42 PM

Call the DA.

CW on January 10, 2012 at 6:44 PM

You know what, I’m not going through this again with these guys and the Republican Party. I went through it with Dole and McCain, only to lose. I got rid of cable, I guess I can get rid of my radio too.

lea on January 10, 2012 at 6:44 PM

BettyRuth on January 10, 2012 at 6:40 PM

Not after Obama’s through with him.

Aslans Girl on January 10, 2012 at 6:44 PM

I can guarantee you South Carolinians are not going to embrace Rick “2 outta 3 ain’t bad” Perry’s choice of hunting lodges. That’s for sure.

…SC lost their entire textile industry to overseas producers, so losing jobs is not as vogue as you might think.

That Bain dog aint gonna hunt so good…as they say.

FlaMurph on January 10, 2012 at 6:30 PM

Really you’re gonna go there?

workingclass artist on January 10, 2012 at 6:44 PM

I’m questioning whether Bain Capital entered into their relationship with WGS in good faith. Why did Bain advise WGS to use 33% of their new debt to pay dividends to Bain instead of capital equipment purchases?

ZGMF_Freedom on January 10, 2012 at 6:42 PM

What does that have to do with whether Mitt Romney deserves the presidency or not? Why are we discussing a private business venture’s practices that were never found fraudulent? Where does Romney’s stinking pile of gubernatorial record come into play in discussing his merit for higher elective office? Or do you think that the questions you have concerning Bain Capital are more important than the questions I have about Romney’s time as MA governor?

gryphon202 on January 10, 2012 at 6:45 PM

Call the DA.

CW on January 10, 2012 at 6:44 PM

Have you criticized Obama for his Solyandra dealings? Have you called a DA yet? Not all unethical behavior is illegal.

ZGMF_Freedom on January 10, 2012 at 6:46 PM

Why did Bain advise WGS to use 33% of their new debt to pay dividends to Bain instead of capital equipment purchases?

ZGMF_Freedom on January 10, 2012 at 6:42 PM

This really is about Gordon Gecko ? Isn’t it ? Let the socialists embrace the class warfare injustice.

FlaMurph on January 10, 2012 at 6:47 PM

CW on January 10, 2012 at 6:43 PM

Just me. Next subject, please.

trhediger on January 10, 2012 at 6:48 PM

Not after Obama’s through with him.

Aslans Girl on January 10, 2012 at 6:44 PM

Because Obama has such high credibility and public love these days? Even the media can’t raise his poll numbers. Your opinion in a voting booth is private.

BettyRuth on January 10, 2012 at 6:49 PM

Really you’re gonna go there?

workingclass artist on January 10, 2012 at 6:44 PM

You have to let go. Seriously.

FlaMurph on January 10, 2012 at 6:50 PM

This really is about Gordon Gecko ? Isn’t it ? Let the socialists embrace the class warfare injustice.

FlaMurph on January 10, 2012 at 6:47 PM

Gekko’s hostile takeovers served a purpose and is an important part of the free markets. Gekko’s deceit did not. I am talking about entering into contracts in good faith, not “social justice”.

ZGMF_Freedom on January 10, 2012 at 6:53 PM

BettyRuth on January 10, 2012 at 6:49 PM

There was a time when I thought no one would vote for Obama after the Rev. Wright scandal. There was a time when I thought no one would vote for Obama after the “redistribute the wealth”. Obama is a much more formidible competitor than the over-confidant GOP thinks. Esp. since the GOP-controlled House has been such an epic disappointment. Congress’ approval rating is in the basement and they’re Republican!

Aslans Girl on January 10, 2012 at 6:55 PM

Frobenius on January 10, 2012 at 6:33 PM

I hate my posts. I wish I didn’t have to say what I feel like I have to say. Oh well. There is always (or may be) 2016. If we’re still holding elections by then.

gryphon202 on January 10, 2012 at 6:37 PM

Its one thing to have fate turn against us. Quite another for it be our own fault. I think we have unwittingly created our own mess by cannibalizing ourselves.

If you dare address the people here that do such flagellation habitually in an efforts to tempter the divisiveness and invective then you are attacked and mocked by those who rush in to defend their FRIEND for the simple reason that its their FRIEND irrespective of what the FRIEND said.

Its a recipe for disaster.

Frobenius on January 10, 2012 at 7:00 PM

Gekko’s hostile takeovers served a purpose and is an important part of the free markets. Gekko’s deceit did not. I am talking about entering into contracts in good faith, not “social justice”.

ZGMF_Freedom on January 10, 2012 at 6:53 PM

When you find yourself defending a movie by Oliver Stone, you lose most of your claim to being “conservative.”

gryphon202 on January 10, 2012 at 7:02 PM

Have you criticized Obama for his Solyandra dealings? Have you called a DA yet? Not all unethical behavior is illegal.

ZGMF_Freedom on January 10, 2012 at 6:46 PM

You bet those bad faith loan guarantees were illegal, Champ. But who’s going to prosecute who for making them?

gryphon202 on January 10, 2012 at 7:03 PM

Gekko’s hostile takeovers served a purpose and is an important part of the free markets. Gekko’s deceit did not. I am talking about entering into contracts in good faith, not “social justice”.

ZGMF_Freedom on January 10, 2012 at 6:53 PM

It was all about KKR- and it was a Hollywood movie I was moved.

On another note it appears BAIN ppl $$ contributions FAVOR Obie more than Mittens. You know whats going on there… but what a nice sound bite that will be.Tomorrow. (According to NRO)

FlaMurph on January 10, 2012 at 7:03 PM

Obama’s spin with Solyndra is similar to Romney’s. Obama says he simply made a good faith effort in investing into a company that ultimately failed. However, Obama’s ultimate sin with Solyndra isn’t that he offered the loan guarantees, but rather restructuring the debt so that the taxpayers would fall in line behind Kaiser. He acted in bad faith.

ZGMF_Freedom on January 10, 2012 at 7:04 PM

It was all about KKR- and it was a Hollywood movie I was moved.

On another note it appears BAIN ppl $$ contributions FAVOR Obie more than Mittens. You know whats going on there… but what a nice sound bite that will be.Tomorrow. (According to NRO)

FlaMurph on January 10, 2012 at 7:03 PM

I’m surprised. If I were a Bain executive, whether I was GOP or Dem, I would donate to Romney simply because I would have much more access to a Romney administration than an Obama one.

ZGMF_Freedom on January 10, 2012 at 7:07 PM

ZGMF_Freedom on January 10, 2012 at 7:04 PM

Worse yet, I read where the accountants knew Soly wasn’t a going concern when the restructuring got inked. Quid pro assholes- But thats just the way it is sometimes. Its who you know…..

FlaMurph on January 10, 2012 at 7:11 PM

Bamster back to 42% in Gallup. Just sayin’.

johnboy on January 10, 2012 at 7:12 PM

Obama’s spin with Solyndra is similar to Romney’s. Obama says he simply made a good faith effort in investing into a company that ultimately failed. However, Obama’s ultimate sin with Solyndra isn’t that he offered the loan guarantees, but rather restructuring the debt so that the taxpayers would fall in line behind Kaiser. He acted in bad faith.

ZGMF_Freedom on January 10, 2012 at 7:04 PM

Biggest difference between Solyndra and Bain Capital is that Bain Capital provided value for its shareholders. Obama’s administration knowingly shafted Solyndra’s shareholders (taxpayers, in this instance) for political gain.

gryphon202 on January 10, 2012 at 7:14 PM

I’m surprised. If I were a Bain executive, whether I was GOP or Dem, I would donate to Romney simply because I would have much more access to a Romney administration than an Obama one.

ZGMF_Freedom on January 10, 2012 at 7:07 PM

I’m sure its just Bain’s way of being “objective” and as far as access goes….Pres Mitts WH visitor logs will be a little more transparent the Dear Leader’s. Im sure Bain doesn’t want anymnore attention than its already gotten. Can’t be good for businessI would think.

FlaMurph on January 10, 2012 at 7:16 PM

The Solyndra example is flawed. The government took OTHER PEOPLE’S MONEY and provided a loan guarantee to benefit crony capitalists, including a large Obama bundler. There was no upside.

They then restructured the loan to put the DEBT behind equity.

With private equity, firms like Bain Capital are actually accountable for failure. If their returns suck, they can’t raise more money. And banks aren’t real keen about lining up behind the equity.

The better example of Bamster’s economic engineering is GM. At the low, low cost of $30B, they gave this floundering has-been a few more years before poor engineering, high costs and the UAW kill it off for good.

johnboy on January 10, 2012 at 7:17 PM

Bamster back to 42% in Gallup. Just sayin’.

johnboy on January 10, 2012 at 7:12 PM

Vacation’s over !!

FlaMurph on January 10, 2012 at 7:17 PM

What? Rush trying to influence the election primary tonight?

Bad form, Rush.

Amjean on January 10, 2012 at 6:38 PM

Um. NO. Rush was just telling the truth, as he sees it. That’s what he does. It’s his job. That’s why I laugh when I see supporters of the various candidates whine when they don’t like what he said that day, and accuse him of “supporting” the candidates that they don’t like.

Just like the way people run onto HotAir threads and screech about “another hit piece on candidate ‘X?’”

JannyMae on January 10, 2012 at 7:19 PM

johnboy on January 10, 2012 at 7:17 PM

Bain did take $55 million in taxpayer funded bailouts, though.

Aslans Girl on January 10, 2012 at 7:23 PM

Bain did take $55 million in taxpayer funded bailouts, though.

Aslans Girl on January 10, 2012 at 7:23 PM

Not exactly. That was $55 million in pension insurance obligations. Whether federal pension insurance is constitutional is debatable, but that’s a whole other bowl of salad.

gryphon202 on January 10, 2012 at 7:26 PM

CW on January 10, 2012 at 6:36 PM

My mother can’t cry.

You are scummier than Obama’s minions.

Schadenfreude on January 10, 2012 at 7:28 PM

Um. NO. Rush was just telling the truth, as he sees it. That’s what he does. It’s his job. That’s why I laugh when I see supporters of the various candidates whine when they don’t like what he said that day, and accuse him of “supporting” the candidates that they don’t like.

Just like the way people run onto HotAir threads and screech about “another hit piece on candidate ‘X?’”

JannyMae on January 10, 2012 at 7:19 PM

I’ll admit, I’ve been a whiner about Rush trashing Mitt, but between yesterday and today, he’s been all over the place, to the point where he’s not making sense- HE is the one giving Dem’s talking points! The cynical me wants to say that he’s too egotistical to hitch his wagon to any of the candidates, lest he get caught backing a loser, but I’ve spent 20 years listening to him and appreciating his intellect, so……? I do think he’s maybe, overestimating the ability of “anyone” beating Obama-
I think he knows that Romney is inevitable.

BettyRuth on January 10, 2012 at 7:46 PM

We don’t need no stinkin’ private equity investors, give me a community organizer any day. What this country needs is more totally unaccomplished community organizers, not stinkin’, job creatin’capitalist 1%’ers.

chazmaz on January 10, 2012 at 7:52 PM

It’s not Rush’s job to secure votes for your preferred candidate. I like the fact he sticks to what he believes rather than changing it based on what politicians say.

Dr. Tesla on January 10, 2012 at 8:12 PM

If Gingrich and Perry were smart about it, they could have gone the smarmy route and say, hey, I have no problem with what Bain Capital did, but a lot of voters are going to see it as a greedy enterprise. Obama’s going to go after him on Bain, the media is going to go after him on Bain, etc etc.

You hear Santy critics use this trick, they say the media and Democrats will make a big deal out of his comments on the gays, so maybe we ought to consider somebody else. It’s really their point of view too though.

Dr. Tesla on January 10, 2012 at 8:15 PM

Gingrich sounds like Lizzy Warren.

Wigglesworth on January 10, 2012 at 4:12 PM

(I think he’s two of her!)

KOOLAID2 on January 10, 2012 at 8:23 PM

Really, what Newt et al. are doing is little different from Bain Capital. It’s an ends-justify-the-means-as-long-as-it’s-not-illegal tactic to further his interest. Political campaigns exist to win power (profit) for their members (shareholders). Whether it hurts other people or not is beside the point. Morals are separate from the discussion. Apparently those galled by these tactics think that the rich have a right to immunity from class warfare, blah, blah.

baloney, right?

It’s the same mindset that has ravaged our side. Legal doesn’t make it right.

But there is a widespread, foolish notion on our side that the essence of American exceptionalism is free enterprise, or to use the marxist term now so popular, ‘capitalism’. This is bull. The essence of American exceptionalism is the notion that our rights come from our Creator. The same Creator who tells us to ‘love our neighbor’ and to ‘feed our enemy’, ‘Is it not to share your food with the hungry and to provide the poor wanderer with shelter–when you see the naked, to clothe him, and not to turn away from your own flesh and blood?’, etc.

Once in this country, businessmen imposed on themselves the notion that they should build their community. Did they have to? Nah. Should government force them to? Certainly not. But a free society requires self-governance. And like it or not, if you maximize your profit at the expense of others,legally or not, class warfare WILL happen and WILL win. History bears this out.

Capitalism with no Judaeo-Christian values will fail, just as communism, fascism and every other Godless system of governance. By it, there is no mechanism to protect against human vice and corruption.

avgjo on January 10, 2012 at 8:23 PM

michelle malkin is the very definition of shrill,

chasdal on January 10, 2012 at 4:29 PM

….said the dumb derelictc dishrag douche-bag .

KOOLAID2 on January 10, 2012 at 8:36 PM

Hey, all those loving the attacks on Bain, Ron Paul just called you ignorant.
http://abcnews.go.com/blogs/politics/2012/01/abc-exclusive-ron-paul-defends-romney-lashes-out-at-his-critics/

ray on January 10, 2012 at 8:46 PM

ray @ 8:46

So what? Paul’s an idiot and a nutjob.

avgjo on January 10, 2012 at 8:49 PM

Bain can lay off 100,000 if 100,001+ would have lost that job otherwise. Companies exist to make money. Not to provide daycare to adults.

MechanicalBill on January 10, 2012 at 6:26 PM

I like capitalism too.

But, that attitude will kill you in a general election for the presidency.

Very stupid.

KirknBurker on January 10, 2012 at 8:52 PM

avgjo on January 10, 2012 at 8:23 PM

So what would you propose we do? Deny Romney the nomination? Who do you think would do better and why? And does it bother you in the least that Newt and Perry sound like OWSers?

gryphon202 on January 10, 2012 at 8:58 PM

I think Santorum can appeal to poor-middle class white socially conservative Democrats more than Romney can.

Dr. Tesla on January 10, 2012 at 9:08 PM

ray on January 10, 2012 at 8:46 PM

Um, am I supposed to care? ‘Cause I don’t.

Aslans Girl on January 10, 2012 at 9:09 PM

The reality is, your average voter isn’t going to understand exactly what Bain Capital did and does.

It will be made to seem shady by Obama.

I think he wants to run against a rich guy who makes 10,000 bets in debates.

Dr. Tesla on January 10, 2012 at 9:09 PM

I think it’s over for Perry, he’s only polling at 6% in SC.

Dr. Tesla on January 10, 2012 at 9:10 PM

Dr. Tesla on January 10, 2012 at 9:10 PM

A LOT can happen in 12 days in politics. 12 days is a lifetime in politics; esp. this cycle. Just ask Santorum who went from 2% to 24% in the polls in IA in a matter of two days.

ANYTHING is possible this time around. Go Perry!

Aslans Girl on January 10, 2012 at 9:15 PM

@gryphon

Romney’s not the issue to me. I think he’s a decent guy and he’d make a better pres than Obama. I don’t think he can win, because the base will stay home, the independents will become important and the Bain mess, coupled with ignorance, will give Obama the victory.

As far as Newt and Perry sounding like OWSers…

I think OWSers would think my dad, who is old fashioned, and still believes that part of his responsibility as a businessman is to try to provide jobs to people, and who is as conservative as they get, is a capitalist pig. They hate business, period, because they’re communists. They’re non-persons as far as I’m concerned.

I’ll cast my vote in the primary. I doubt it’ll make much difference. If/when Romney gets the nomination, I’ll donate to him and give him money, and if time permits, work in his campaign. I just believe until Americans remember what made this country great, we’ll continue to slide into oblivion. No-holds-barred capitalism didn’t make America great. Individuals helping individuals by their own free will in accordance with God’s law (the best they could) made this country great. That’s increasingly gone. And we’re suffering for it.

avgjo on January 10, 2012 at 9:21 PM

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