VIDEO: King of Bain: "When Romney Came to Town" (Full Documentary Released)

[kfking]

Making this go viral would be good, but even if Romney did receive bailouts I would try to avoid mentioning Ron Paul. The media will try to spin it as Ron Paul supporters supporting Gingrich in anti-capitalism.

 

[fuzzybekool]

Awesome ! This will knock out Romney and Gingrich

 

[opinionatedfool]

Making this go viral would be good, but even if Romney did receive bailouts I would try to avoid mentioning Ron Paul. The media will try to spin it as Ron Paul supporters supporting Gingrich in anti-capitalism.

I agree. I wouldn't mention Ron Paul if promoting.

 

[ElizabethR]

Awesome ! This will knock out Romney and Gingrich

How will it knock out the Grinch too?

 

[Virtual Isolation]

I can't imagine how Romney is going to win the general with the economy getting worse and with this history. The public doesn't understand economics AT ALL so these attacks will be devastating.

Gingrich decided to channel Les Grossman and went scorched earth. There is NO CHANCE that Obama won't sieze on this later and obliterate Romney with it; he's dead in the water if he gets to the general.

Having the Paul campaign put out statement against the ad was a brilliant move.

 

[orenbus]

dayummmmm michael moore eat your heart out, they made him look like gordon gecko and the women on the verge of crying is going to hit "out of work" people like a two by four.

if any of the illegal insider trading allegations are true we should probably distance ourselves from defending this is as just capitalism.

 

[normal_rc]

How will it knock out the Grinch too?

A lot of Republicans (like Rush Limbaugh) are criticizing Newt Gingrich for attacking free market capitalism, and appearing like a leftist socialist.

 

[Shane Harris]

compare mitt in these videos to ron paul in the compassion ad, giving free care to patients who couldn't afford it and never accepting medicare or medicaid and turning down his congressional pension.

 

[nowwearefree]

for some reasons, i just can't relate myself to those people being fired in the video
i think they are rather selfish and are being used
they do not know any economics and so i don't blame them
its like people only see the workers as those who suffer, yet a lot of owners and investors also suffer if the bad company continues to run

 

[Ilhaguru]

Yes:

http://www.nationalconfidential.com/20120110/romney-got-10-million-federal-bailout-at-bain/

That's NOT a bailout! That's a debtor-creditor renegotiation in the face of bankruptcy. The article even says "other creditors accepted" the deal.

 

[Pyruuub]

That's NOT a bailout! That's a debtor-creditor renegotiation in the face of bankruptcy. The article even says "other creditors accepted" the deal.

Actually it IS a bailout if you benefit through counter-party risk. If they bailed out a Bain Capital creditor because of a loss that creditor occurred through Bain Capital then it is 100% a bailout of Bain Capital.

If you read news reports of the AIG bailout and the amount of money that went to its derivitive counter-parties then you will understand how this can be exactly considered a bailout.

IF BAIN took money through a bailout of its creditor Romney is the biggest hypocritical crook ever to show his face on a public stage. IF.

 

[Pyruuub]

Secondly your renegotiation of debt hypothesis is bullshit because the counter party is the government, via the FDIC, and the negotiation hurts the PEOPLE not a private renegotiation of debt, which hurts the creditor and forces capitalism(ie. Bankruptcy).

There's a BIG difference.

 

[rpwi]

Those 'getting back your bait' tactics are most curious...and IMO border on fraud (to the other shareholders and debtholders).

In a normal capitalist system...you get money out of company by receiving dividends. When you have control over the board of directors and can bypass this mechanism with pseudo 'management fees' (they're stealth dividends) and stock buybacks of the buying company (suprised Bain did that) you're being dishonest to other shareholders of the company you control, you're being dishonest to the debt holders (the banks probably know what's going on but dump that bad debt elsewhere ASAP) and with the stock buy back you're cheating the at-large investor who sold you the shares because you're using insider information.

Bain probably broke a bunch of law on the way...wouldn't surprise me in the least. Federal and state law protecting parterners/shareholders/debtholders is quite complex in these matters.

Part of the problem with these investment firms is actually created by the federal government. The federal government makes debt tax deductable (stupid...all types of financing should be taxed equally). They also massively create debt with the federal reserve system and the banks the fed props up...this over investment in debt worms its way into places it shouldn't including investment firms like Bain. Then the federal government protects investment firms from the debt they create through corporate laws. Using a controlling interest to put a company into massive debt then use that to finance a cash flow (like a stock back) back to your investment company can only happen because the contracts your creditors signed can't go through your shell system of companies.

 

[tsetsefly]

I am as pro free-market as you can get bu here are my 3 takeaways from this:

1. What a horrendous use of the term creative destruction by Romney, Schumpeter is rolling in his grave right now. I hope Paul corrects him on this , lol...

2. THis is what happens when every policy is aimed at inflating the stock market and financial sector. These companies where bought onlyt to raid them , artificially inflate the value of the stocks , sell them high and then watch everyone else get screwed over. Horrible and undignified.

3. If this gets out and distributed properly, it will be devastating...

 

[Feeding the Abscess]

dayummmmm michael moore eat your heart out, they made him look like gordon gecko and the women on the verge of crying is going to hit out of work people like a two by four.

if any of the illegal insider trading allegations are true we should probably distance ourselves from defending this is a just capitalism.

Haven't watched the video, but insider trading is part of a free market.

 

[1836]

Anyone seen Newt's attack documentary "When Mitt Romney Came to Town" yet?

I'm sure it is just a laughable attack on free market principles, but I'm still going to watch it. It is posted if you have not seen:

http://www.webcasts.com/kingofbain/

 

[Carole]

A lot of Republicans (like Rush Limbaugh) are criticizing Newt Gingrich for attacking free market capitalism, and appearing like a leftist socialist.

This whole scorched earth campaign has a little something for everyone. Most Americans would be shocked by this video. It is not just Bain that was doing this. Every town in American likely has people who experienced something similar by some company buying out a small business or large business.

If this makes it to network television, Romney will be dead in the water. It makes him look like a greedy monster. The people will not see this as free market capitalism as it should be. Making big money off other people's money and/or pain does not paint a pretty picture of "the candidate". Steve Jobs was a great capitalist. Romney is not.

 

[MrTudo]

gingrich the cockroach actually tries to do something productive probably without realizing it as gingrich is among the lowest forms of life on the planet. He should drop out of the race and support Dr Paul and go into his twilight years having done at least one good thing in his miserable thieving and hypocritical low-life.

 

[Carole]

for some reasons, i just can't relate myself to those people being fired in the video
i think they are rather selfish and are being used
they do not know any economics and so i don't blame them
its like people only see the workers as those who suffer, yet a lot of owners and investors also suffer if the bad company continues to run

My problem with these companies in the examples is that they did not appear to be in trouble until Bain became involved with them, running up huge debts, downgrading quality, firing folks, extracting all the money from them. They did not buy these companies to rehabilitate them, but to do planned bankruptcies. It is very easy to relate to the people in the video. This began happening in my town about three decades ago and the town never recovered.

Most people do not understand capitalism. It is personal with them. This video gives capitalism a very bad aura.

 

[Unknown.User]

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