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Forum Post: Gingrich and Perry told the truth about Romney

Posted 12 years ago on June 15, 2012, 11:45 p.m. EST by myows (133)
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GOP Presidential hopefuls Rick Perry and Newt Gingrich were 100% correct when they called Mitt Romney a "vulture capitalist" and an "exploiter" of the system. Please go to youtube and search for the video "When Mitt came to town full complete version". Also go to google and put in "Bain Romney money photo" and take a good look at that photo. This video and the photo shows us that it is ALL about the money for Romney and NOTHING about creating jobs. There are alot of people that try to defend Romney by saying that Bain invested in businesses and sometimes the business thrived and other times the business died and that's just capitalism. The problem with this defense is that regardless of whether the business thrived or died under Bain, Bain ALWAYS came out of these deals ahead many, many millions of dollars. If Bain came in legitimately trying to save/improve a business and then the business failed, you would think that Bain would lose money on that deal. That does not seem to be the case. Bain always comes out collecting millions regardless of what happens to the business. In some cases people's pension funds were raided and then the taxpayer had to make good on them! So now when you see the"Bain money photo" showing the Bain guys with the money between their teeth, well as far as I'm concerned that's people's pension money that Bain stole from them!

The pension theft issue is personal to me right now because I'm a union employee of Verizon and they are currently trying to get their mitts (no pun intended) on the union workers pension money. The corporation is healthy and the top 5 executives have made 358 MILLION dollars in the last 5 years! Yet they want to take away workers pensions, reduce healthcare coverage and send American jobs to India and the Philippines. As they try to squeeze every last drop of blood from a stone the customer service is getting so bad that the NY State Attorney General is currently going after them for not meeting service standards. Are these people really the "job creators"? They seem more like middle class destroyers to me.

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[-] 1 points by nomdeguerre (1775) from Brooklyn, NY 12 years ago

Vulture funds aren't capitalistic, they're cannibalistic. They add nothing to the larger economy, just drain economic resources built up by real world businesses.

In a healthy capitalistic economy Bain would be outlawed.