Who Hijacked Our Country

Friday, January 13, 2012

Romney’s Vulture Capitalism Being Dragged Into the Spotlight

Ever turn on a kitchen light and see cockroaches scurrying frantically back into the walls?  Right now Mitt Romney and his fellow vulture capitalists are trying desperately to scurry back into the shadows.  They prefer to do their “work” away from the public eye.

They can run but they can’t hide.  Gingrich’s and Perry’s attacks on Romney’s career as a corporate raider — and other rightwingers’ attacks on Perry and Gingrich for “attacking capitalism” — have brought this entire sordid subject into the limelight.  They’ve changed the conversation.

Corporate raiders, private equity firms — and whether these companies help the economy or only enrich a few at the expense of the many — this subject is being debated and argued furiously throughout the country.  Several months ago you could have put an entire room to sleep if you said “Bain Capital” or “private equity firm.”

This new public scrutiny is the last thing Wall Street wants.  They liked it better when the entire subject was too complicated for the public to understand, and too boring for anyone to even care if they understood it or not.  Those days are over.  The rock has been lifted and the public is getting a close look at those squiggly creepy-crawly creatures squirming in the sunlight.

Newt Gingrich referred to the documentary which exposed Mitt Romney’s “job” record:

“Now, this rattled a number of so-called conservatives, who say that to challenge where the money went and to challenge what deals were cut is to be anti-free enterprise.  I'm not going to back down or be afraid to say we, the American people, have the right to know, and any candidate for president has an obligation to tell us, and I think that these extraordinarily wealthy institutions are going to somehow bring enough pressure to bear to say, 'You better shut up,' tells you just how bad-off the system has gotten.”

Whatever anyone thinks of Gingrich, and whatever his true motives are, that statement was spot on.

While Gingrich and Perry are pretending to be populists so they can derail Romney’s campaign, Romney is being defended by a Who’s Who of the Far Right:  Rush Limbaugh, Sean Hannity, Laura Ingraham, Karl Rove, Jim DeMint, and Rudy Giuliani.  Guiliani in particular has made some huge investments in vulture capital firms.

These ongoing arguments and mutual attacks can only be a good thing.  The louder the arguments get, the more front-and-center this whole issue will become and the better informed the voters will be.

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Blogger Randal Graves said...

Vulture 2012.

January 14, 2012 at 7:39 AM  
Anonymous Jolly Roger said...

It is a pleasure to watch Newt and Guv Goodhair turn into Cesar Chavez and Che Guevara.

January 14, 2012 at 8:09 PM  
Blogger Jack Jodell said...

I echo Jolly Roger's hilarious ytuism - LOL!

January 15, 2012 at 6:23 AM  
Anonymous Screamin' Mimi said...

Absolutely the best part is watching old Newt capitalize on this -- he made bazillions as a "consultant" for Freddie Mac/Fannie Mae and other "nanny state" entities he now despises. What fun. If I wasn't seeing this with my own eyes, I wouldn't believe it -- this seems too low even for the Republicans!

I'm proud to be a Democrat.

January 15, 2012 at 12:30 PM  
Blogger Tom Harper said...

Randal: I like that vulture better.

JR: Yup, it's very amusing. Those 2 assholes will never be able to walk back their phony "man of the people" rhetoric.

Jack: My sentiments exactly.

SM: Newter must think his followers are dumber than dirt. The scary part is, he's probably right.

January 15, 2012 at 1:57 PM  
Anonymous Anonymous said...

I agree it was during the 80's under Newt's watch that corporate raiding was at it's peak. The only difference was the economy was better and those displaced eventually found other jobs


January 15, 2012 at 3:46 PM  
Anonymous S.W. Anderson said...

I like the cockroaches analogy. But never has there been such well-fed cockroaches.

Erik, FWIW, Gingrich was a back bencher for most of the 1980's. He rose to power in the House in the late 1980's, first becoming minority whip in 1989. He rose quickly and was speaker for most of the 1990's.

January 15, 2012 at 5:26 PM  
Anonymous Anonymous said...


I stand Corrected, seems you know need a program to keep in track of your Vultures


January 15, 2012 at 5:54 PM  
Blogger Tom Harper said...

Erik: That's true, the economy could better handle the corporate raiding and job elimination during the '80s than today.

SW: LOL, those are some well-fed and trustfunded cockroaches.

January 15, 2012 at 6:15 PM  
Blogger Snave said...

I like anything being in the news when it creates more confusion for GOP voters. Now that Huntsman is out, they have nobody with any principles left to vote for. And only one with any real intelligence (Romney) who they say they despise. The rest are unelectable.

At J. Marquis' blog "Major Conflict", it was said that Romney was going to be for the GOP what Kerry was for the Dems in 04. Commenter Dave Splash said the following (and I could not have said it better):

"The Kerry analogy is correct. In '04, Dems just wanted to beat Bush. That was it. So, we went with the "most electable" model, Kerry. It almost worked, but the problem was that no one was really "for Kerry" they were just against Bush. Being anti-something rarely gets more votes than being pro-something.

"I see the same model in 2012 with the Republicans. Every single potential nominee is flawed almost to the point of being unelectable. So, the GOP is calculating who to support based on the perception of electability. The right is anti-Obama, but not pro-anyone. And they won't end up pro-Romney, either.

"The results should be the same as in '04. A narrow victory for the incumbent. Works for me."

January 15, 2012 at 8:29 PM  
Blogger Tom Harper said...

Snave: I remember that comment at Major Conflict. I hope the theory is correct. I don't dare get complacent, but I just can't imagine Romney getting elected.

January 16, 2012 at 1:17 PM  

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