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Jewish World Review Jan 18, 2012/ 23 Teves, 5772 The Bain of Our Existence By Ron Hart
http://www.JewishWorldReview.com |
The Bain of Mitt Romney's existence now comes from an unlikely source: a fellow Republican. But in Monday's GOP debate, Romney defended free-market capitalism well.
Newt Gingrich, the "smartest guy in the room" (just ask him), has put forth the pandering and preposterous premise that what Mitt Romney did at venture capital firm Bain was somehow bad. His narrative, which the leftist media is all too willing to amplify, goes against the very core of what I thought was the philosophy of the Republican Party.
Newt, I like you, but you have let your thirst for power overwhelm what you know to be right. It is time to exit stage right (as an inducement, there is a buffet backstage). It's time to return to what you do best, finding younger and healthier wives and giving "advice as a historian" to Freddie Mac and Fannie Mae in exchange for millions of taxpayer dollars --- which in no way should be confused for lobbying by using one's political connections.
Newt proves that once someone is in Washington too long, capitalism becomes crony capitalism, even for Republicans. That is why, like diapers, politicians need to be changed regularly -- and for the same reason.
I did not even mind when Newt sat on the couch with Nancy Pelosi and said that both parties want to help the environment. I can understand being filmed on a couch with the odious and objectionable Pelosi; Newt was young and needed the money. This proved false the premise that conservatives do not care about conservation. We hunt, fish, camp and live in more rural areas than most liberals, so nature is more important to us. We just do not believe in throwing government money at Al Gore's harebrained theories on global warming.
CNN and Obama's other press agents were all too happy to take their cue from Newt and look into Bain Capital's less successful ventures in South Carolina. In its pursuit of "objective journalism," for which it is so well known, CNN consulted an unbiased source for an opinion on Republican Mitt Romney: the president of Local 7898 United Steel Workers Union.
For Obama or Newt to quibble over private capital, invested by Mitt Romney's Bain Capital for themselves and their willing investors, should be a losing strategy. Yet I am astonished what some people fall for when the envy card is played.
Private capital firms are only paid when they succeed, a perplexing concept for politicians. Over the years Bain created more than 100,000 jobs and saved many companies. Focusing on the few bad deals is like going back in time to harp on Joe DiMaggio's strikeouts. To me, what Newt did to capitalism by touting the shallow Obama line on Bain was a very disappointing, shameful act of desperation.
When Obama forced GM to agree to a loan repayment structure favoring the unions over secured bondholders, he contradicted more 200 years of business law. Hundreds of automobile dealerships closed; tens of thousands of workers lost their jobs; and brands like Saturn, Hummer and Pontiac were killed. However, Bill Clinton has shown keen interest in the Hummer.
Have you noticed that industries with perpetual bankruptcy problems are usually heavily unionized---steel in this case, airlines, GM/car manufacturers, etc.? Unions have now bankrupted baked goods company Hostess. Republicans can pick up the pieces; Herman Cain will handle all Ho-Hos and Newt will marry the Twinkies. Even bankrupt businesses find interested suitors eventually.
The media examines Romney's business record, which shows great returns for pension funds and willing investors ($66 billion are entrusted to Bain Capital now), and I am sure they will do the same for "community organizer" Obama. The Southside Chicago neighborhoods (Altgeld Gardens/Roseland) where he first practiced his craft are worse now than when he left them. They have gangs, unemployment at more than twice the national average, and businesses running from the area to more friendly places — in short, the Obama legacy.
Community organizing (as defined by Saul Alinsky in Rules for Radicals where he said a successful organizer should be "an abrasive agent to rub raw the resentments of the people of the community; to fan the latent hostilities of many of the people to the point of overt expressions") is Obama's past. It is also his campaign plan for the fall, so just get ready for it.
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• Confusing Obama and 'Go Bama' • E-conning the Public, Washington Spending, and Other Shell Games • Kim Jong Il: North Koreans Love You Long Time --- it's Mandatory • The GOP Primaries: The Adultery of Hope • No Thankfulness at Thanksgiving for the OWS Crowd • Cain Mutiny, or a ‘High-tech Lynching?’ • Slipping into an Envy-ocracy • An honest, if unconventional, assessment of those vying to wipe that smirk off Obama's smug mug • The Unwashed Masses Descend on New York City • Obama ‘pivots to jobs’ --- his • Washington: Blame No One. Do Something! • Our Debt Problems: Politicians Extend and Pretend • No Child Left --- To the Left • Dems' debt ceiling demagoguery • Golf Summit --- I Like Spike(s) • Nancy Pelosi Finally Demands a Weiner Probe • The porkulus political payback project • An ILL Wind for Business --- Boeing, Boeing Gone? • Osama's 72 Virgins --- and Obama's 72 Versions • Bin Laden was taken out by seals and now sleeps with the fishes • Trump: Got 99 problems, but rich ain't one • Why you should see the ‘Atlas Shrugged’ movie • Why The Donald trumps the Bamster • O-Bomb-A • Mid-East Megalomaniacal Despots on the Run • Facebook ‘Un-friends’ Our Increasingly Regulation-burdened Capital Markets • Hold 'em liable --- the colleges, that is • Follow your Hart in a look back at 2010 • WikiLeaks --- Danger or Disinfectant? • Where We Let Terrorists Really Hurt Us • Time to starve the spending beast • The TSA: We Do Chicken Right! • Capitalism in Time Saves Mine • The Broader Picture of What These Elections Mean • Dem-moralized: ‘Dead Fish’ taken to the trash cant • Obamanomics continue to add up . . . for Republicans • She had Tiger by the tail: If Elin did not get Tiger's money, Obama would have
© 2010 Ron Hart
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Arnold Ahlert | ||||||||||||||||||
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