Friday, January 13, 2012

Romney's Bain Helped Obama With Auto Bailout... UPDATE: Story Retracted

Revealed: Bain & Company advised Obama on auto bailout, recommended cutting dealerships...

Does it matter that Romney hasn’t worked for Bain & Company in nearly 20 years or are the optics of this one bad enough to make it newsworthy regardless?

...The NYT reported recently that to this day, as part of the deal he negotiated when he left, Romney still gets a share of Bain Capital’s profits.
Uhm, let's see... Romney's cronies at Bain (a company Romney co-founded) worked with Obama on Obama's fiat-market, counter-capitalist, union-appeasing, jobs-killing auto bailout. Does that look bad? Why yes, yes it surely does.

Call it the Obamney Bailout.


...this is what really ticks me off. We're told what a great capitalist Romney is and if we attack him, we're attacking capitalism. So, then why did his firm engage in so much socialism and still manage to screw up businesses, after pocketing tons of cash for themselves? This doesn't sound like the kind of capitalism I believe in. The taxpayers often took part of Romney's risk, or bailed out his mistakes, as with a pension fund, but he always managed to feather his own nest pretty damned well. This is what's wrong with America, not what's worth defending...
Stay tuned...


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