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

Here's your free-market capitalism:

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.

x-posted

Update:

...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...

UPDATE:

STORY RETRACTED

The Solution to All of Our Problems

Our leftist friends have made a compelling case, and I am now convinced that laissez faire economics are the source of most of our financial problems.  So I have a brilliant idea. Since free-market capitalism has been unequivocally proven to be the source of our economic woes, let's introduce new government regulations. The more the merrier. And to introduce these regulations, let's not call in a bunch of economist.  Let's put a few hundred smooth-talking lawyers in charge. We will call these demagogues "congressmen" and "senators." 

We should choose individuals who inspire a great deal of confidence.  Given the importance of the American economy to everyone who lives on this planet, we will need to assemble the most ethical, competent, farsighted, smart and sensible group of people the world has ever seen.  If we are judicious, perhaps we can put together a group that will have a very high approval rating, perhaps around 9%.

These lawyers will draw from their vast business experience and will apply their profound wisdom to all of our perplexing challenges, and will give us the best economic system their legal minds can come up with.  In the process, they will concentrate power in Washington, cater to special interest groups, and pander to the lowest common denominator.  

Doesn't this sound like a recipe for success?  I knew you would agree.

More

• Honest man goes the extra mile.  Government fines man $650 for his honesty...and threatens him with criminal charges.  Let's put Government in charge of everything!

• The latest Rasmussen Reports national telephone survey of likely voters found that only nine percent (9%) give Congress good or excellent ratings.

• Chrysler wants to thank you for your involuntary contribution to the bailout.  Chrysler spent $100,000 on a full-page ad in USA Today to tell you how happy they are to have your money.  Tell them what you think on Chrysler's blog.  "Hey Chrysler:  You're not welcome!  Now is not the time for a 'thank you'.  Now is the time for a refund...and an apology."  My comment "has been saved and is pending moderation."  Think it will ever see the light of day?

• Barack Obama is considering abandoning laser-based airborne anti-missile defense.  Obama is an idiot. He is Soros' lapdog, and Soros longs for a weakened America. The 52% of voters who voted for Obama should be ashamed. I am incensed.

• Canada, are you crazy?  Canada offers $3.29 billion auto bailout.  Hey Canada, do you have anything left over to help us out with an anti-missile defense system?

Fascinating vintage cartoon...the secret of American prosperity.

Pay your income tax gladly and proudly!

Leftist Propaganda

'Tis The Season to Take Chances

As Senate negotiations on the auto industry bailout stall, at least two senators are starting to sound a little desperate.

On Thursday, Harry Reid predicted financial doom. "I dread looking at Wall Street tomorrow," Reid said. "It's not going to be a pleasant sight."  Someone tell Reid it's okay to look now.  The Dow closed at 8,629.68 (up 64.59) on Friday, and no one was jumping out of buildings.

Yesterday, a pathetic Barbara Boxer put a bizarre holiday twist on the bailout debate.  On the senate floor, clad in festive red, Boxer implored her colleagues: "This is the Christmas Season. My goodness, let's take a chance on this. Let's take a chance on this."

Honorable Senators, please try to be sober.  There's no reason to panic.  The unions know you're trying very hard, and you're going to get your foolish bailout sooner or later.  

More

Bank bomb kills Oregon police officer.

Guess which state is most corrupt.  You probably guessed wrong.

$50G Buys a 4-Day Presidential Inauguration Trip.