Is Romney a “Predatory Corporate Raid...

Is Romney a “Predatory Corporate Raider”?

There are 232 comments on the online.wsj.com story from Jan 10, 2012, titled Is Romney a “Predatory Corporate Raider”?. In it, online.wsj.com reports that:

Politics Staff Story

Romney has staked his campaign on his business experience and job creation record as CEO of Bain Capital. But a new campaign ad for Newt Gingrich lays into Romney as a

“Wall Street corporate raider” who “got rich at the expense of American Workers.”

The ad features Americans who lost their homes after being laid off by Bain under Romney's leadership.

The Wall Street Journal reports that there’s substance to the accusations. With Romney at the helm, over one fifth of companies Bain invested in went bankrupt or closed down within eight years of the company's involvement.

But conservative pundit Michelle Malkin points out that Newt’s attacks on Romney are also attacks on capitalist enterprise. She writes that

“incompetent non-Romneys have morphed into Michael Moore propagandists — throwing not just Bain Capital under the bus, but wealth creators of all kinds who take risks in the private marketplace.”

Weigh in: is Romney a “predatory corporate raider” or a legitimate wealth creator?

Join the discussion below, or Read more at online.wsj.com.

Since: Dec 07

Murchison, TX

#21 Jan 10, 2012
Earth Child 1 wrote:
<quoted text>Typical response from a brainwashed Repub. You have one oil billionaire earning $200M a year for every 20,000 minimum-wage earners, but to you that's OK because the "average" is $15 an hour. Lets see, a state with a bunch of big mouth christians and all your prayers got you were droughts, fires , the Bush Whacked family, Ron Paul and Rick Perry. Yeah, you've got nothin'.
Droughts and fires happen all over the world you ignorant fleabagger. Cost of living is lower than your useless state, which is probably kookoofornia. Earth Child?? What the hell is your kids name, Moonbeam? LMAO

During the massive California fires a few years back, Texas sent over 300 firefighters to help. Didn't see many firefighters from other states here this past summer. But we handled it. A few tankers, but nobama grounded most of them as he didn't win the state in 2008. Google that, clown.

Don't forget, we also had Chester Nimitz, Sam Rayburn and many other great leaders. Your really over your head in bullshit boy. Climb a ladder and take a breath, then a shower. You stink.
Awake and Aware

Saint Louis, MO

#22 Jan 10, 2012
Mitt Romney: I dont know what the Constitution says! Ask Ron Paul



New Hampshire GOP primary debate (Transcript)
ROMNEY: George, this is an unusual topic that you're raising. States have a right to ban contraception? I can't imagine a state banning contraception. I can't imagine the circumstances where a state would want to do so, and if I were a governor of a state or...
STEPHANOPOULOS: Well, the Supreme Court has ruled --
(CROSSTALK)
ROMNEY:... or a -- or a legislature of a state -- I would totally and completely oppose any effort to ban contraception. So you're asking -- given the fact that there's no state that wants to do so, and I don't know of any candidate that wants to do so, you're asking could it constitutionally be done? We can ask our constitutionalist here.

Since: Dec 07

Murchison, TX

#23 Jan 10, 2012
Awake and Aware wrote:
Mitt Romney: I dont know what the Constitution says! Ask Ron Paul
http://www.youtube.com/watch?v =gOq3O8g1xw4XX
New Hampshire GOP primary debate (Transcript)
ROMNEY: George, this is an unusual topic that you're raising. States have a right to ban contraception? I can't imagine a state banning contraception. I can't imagine the circumstances where a state would want to do so, and if I were a governor of a state or...
STEPHANOPOULOS: Well, the Supreme Court has ruled --
(CROSSTALK)
ROMNEY:... or a -- or a legislature of a state -- I would totally and completely oppose any effort to ban contraception. So you're asking -- given the fact that there's no state that wants to do so, and I don't know of any candidate that wants to do so, you're asking could it constitutionally be done? We can ask our constitutionalist here.
Ron Paul was stumped also. Don't one side it.
scout

Castro Valley, CA

#24 Jan 10, 2012
Mitt is ONE thing: neo-Marxist.

If you want more of the SAME, vote for anyone EXCEPT Ron Paul.

Ron Paul is knowledgeable, intelligent, American, compassionate, and true.

Ron, we NEED YOU!!!!!!!!
scout

Castro Valley, CA

#25 Jan 10, 2012
Bluebonnets-Thistle wrote:
<quoted text>
Ron Paul was stumped also. Don't one side it.
Nope. Ron is American and knows the Constitution.

“Stop the Brain Rot”

Since: Jan 12

Take a Looonng Vacation

#26 Jan 10, 2012
Bluebonnets-Thistle wrote:
<quoted text>
No, just a thorn in the left socialist lies. Check the web site I posted, Rachel.
My, quite an angry little boy, aren't you?

The poster mentioned minimum wage jobs in Texas, not what the mean or median hourly wage was. In fact, Texas DOES have more minimum wage employees than most states:

http://news.yahoo.com/fact-checker-rick-perry...

"Overall, 9.5 percent of Texans make minimum wage or below, versus six percent nationwide, according to the BLS. The state isn’t faring so well in that regard.

It’s worth noting that the number of Texans making at or below the federal minimum wage has skyrocketed since 2008, climbing from a little less than 5 percent that year to 9.5 percent in 2010.

The number fell for at least four years under George W. Bush, but it leveled off about one year after Perry, previously the lieutenant governor, took over for the newly elected 43rd president."

Perry inflated jobs gains and ignored the unemployment rate and the number of minimum-wage jobs in his state. Read it and weep.
Idontlikecongres s

Sugar Land, TX

#27 Jan 10, 2012
Earth Child 1 wrote:
<quoted text>Typical response from a brainwashed Repub. You have one oil billionaire earning $200M a year for every 20,000 minimum-wage earners, but to you that's OK because the "average" is $15 an hour. Lets see, a state with a bunch of big mouth christians and all your prayers got you were droughts, fires , the Bush Whacked family, Ron Paul and Rick Perry. Yeah, you've got nothin'.
I am from Texas, have lived here all my life. Believe me....the "average" is NOT $15.00 per hour.......it is really about $8-10 per hour....even with many years experience or college degree. This guy is SPINNING all that Rick Perry nonsense.....Rick Perry DESTROYED more jobs than he ever "created". All the so-called "jobs" are McDonalds, Wendys and part-time, contract, INTERN jobs.

Rick Perry DESTROYED the Education system in Texas, which is already nearly at the bottom of all the states....now it is even lower. Rick Perry is the scourge of the devil himself and the rest of the repubs are right behind him.
Gary

Bellingham, WA

#28 Jan 10, 2012
Hell yes! Romney is a vulture capitalist. He's destroyed more jobs that he's ever created. His specialty is sniffing out sick companies, helping them to die sooner and then feasting of the remains.
Awake and Aware

Saint Louis, MO

#29 Jan 10, 2012
Bluebonnets-Thistle wrote:
<quoted text>
Ron Paul was stumped also. Don't one side it.
Ron Paul did answer the question according to the Constitution begining at the 7:32 mark.

Historian

Folsom, CA

#30 Jan 10, 2012
Bluebonnets-Thistle wrote:
<quoted text>
Average wage in Texas is over $15 an hour you lying far left moron. Why don't you idiots check things out before shooting your big mouth off. Texas leads the nation in job creation, green energy production, and many other catagories thanks to Bush and Perry and republican leadership. Your propaganda is based on non researched meth highs.
http://www.bls.gov/oes/current/oes_tx.htm
The person told the truth;

www.statesman.com/opinion/insight/texas-low-w... ...

If there’s anything faintly resembling good news in a just-released report from the U.S. Bureau of Labor Statistics, it’s that Texas’ share of hourly workers at or below minimum wage among U.S. states fell from 14.3 percent in 2009 to 9.5 percent in 2010.

This just barely qualifies as a positive, however, since the number of Texas hourly workers at or below the prevailing federal minimum wage still increased by 76,000 over 2009. At 9.5 percent, Texas ties with Mississippi in terms of U.S. states with the highest proportion of hourly-paid workers earning at or below federal minimum wage, which is $7.25 an hour.

Texas and Mississippi take top honors, therefore, in terms of having the lowest paid workers among all 50 states and the District of Columbia.
Stan

Cottbus, Germany

#31 Jan 10, 2012
Gravediggers wrote:
Romney has charisma! And experience!
If Republicans don't watch out, they will be the ones to lose the presidential race with all their attacks on Romney. Ofcourse the attacks 'prepare' Romney and 'air out' what tactics Obama may try to employ.
NObama in 2012! Reclaim the Senate and that's just to rebalance our government.
Democrat Senator Harry Reid has been Senate Majority leader since 2007....going on for 5 years now! He's a culprit in the damage done to our country.
We've ousted Pelosi who was Speaker onto Reid.
he has experience in voting for abortion laws and nothing more. It is such moron as bush was and bush has ruined own country and global community. Politics of wars and politics of ruining of own country. And it is time to vote for the best republican and the best republican is Ron Paul. He is the best republican. He has supported rejected majority of bad acts like nafta, cefta, free trade with asnother countries, he rejected wars and majority of war-bills. Just these acts are the reason of your big debts and crisis. And it is time to vote for this good politician like Ron Paul is.
This Romney is just guy like Bush and nothing more and it cannot be expected more, it can only deteriorate situation in USA and globally.

“Shoot for the stars”

Since: Dec 10

Planet Earth

#32 Jan 10, 2012
HTS wrote:
<quoted text> I can see from your pathetic ignorant rhetoric that you're nothing less than a Marxist liberal and therefore devoid of ANY MORAL COMPASS. You are also a hateful religious bigot who knows NOTHINH of what you're talking about. Romney will fumigate the putrid stench that has been festering in the White House for the past three years and restore dignity and freedom to this country. Obama's supreme goal has been to create a nanny state of ignorant, lazy citizenry,.
Moral compass? Look at you bible thumping freaks who lost touch with reality due to fairy tales. Where ever religion has ruled throughout history, there has been nothing but war and bloodshed. All the different sects of Christianity and none of you can get along. There's freedom of religion and freedom from religious freaks who'll start a war in a heartbeat.
Stan

Cottbus, Germany

#33 Jan 10, 2012
Idontlikecongress wrote:
<quoted text>
I am from Texas, have lived here all my life. Believe me....the "average" is NOT $15.00 per hour.......it is really about $8-10 per hour....even with many years experience or college degree. This guy is SPINNING all that Rick Perry nonsense.....Rick Perry DESTROYED more jobs than he ever "created". All the so-called "jobs" are McDonalds, Wendys and part-time, contract, INTERN jobs.
Rick Perry DESTROYED the Education system in Texas, which is already nearly at the bottom of all the states....now it is even lower. Rick Perry is the scourge of the devil himself and the rest of the repubs are right behind him.
Vote for Ron Paul. he is the best and the smartets among all these republicans and he can work for good of his country and his nation.
Idontlikecongres s

Sugar Land, TX

#34 Jan 10, 2012
Stan wrote:
<quoted text>
Vote for Ron Paul. he is the best and the smartets among all these republicans and he can work for good of his country and his nation.
\

I would "vote" for Ron Paul. But....if you actually KNEW that the votes in Texas DO NOT COUNT when picking the candidate. The only ones that really count are the five Iowa, New Hampshire, Florida and a couple of others. Texas votes are null and void. The candidate will already be "chosen" by the people at "Dixville Notch" or some such FREEKAZOID place on the map. THEY and THEIR OPINIONS are the only ones that matter in the world......do you not realize this? We in Texas will never get the chance to vote for Ron Paul. That is a FACT. Any more suggestions?

Since: Dec 07

Murchison, TX

#35 Jan 10, 2012
tha Professor wrote:
<quoted text>
My, quite an angry little boy, aren't you?
The poster mentioned minimum wage jobs in Texas, not what the mean or median hourly wage was. In fact, Texas DOES have more minimum wage employees than most states:
http://news.yahoo.com/fact-checker-rick-perry...
"Overall, 9.5 percent of Texans make minimum wage or below, versus six percent nationwide, according to the BLS. The state isn’t faring so well in that regard.
It’s worth noting that the number of Texans making at or below the federal minimum wage has skyrocketed since 2008, climbing from a little less than 5 percent that year to 9.5 percent in 2010.
The number fell for at least four years under George W. Bush, but it leveled off about one year after Perry, previously the lieutenant governor, took over for the newly elected 43rd president."
Perry inflated jobs gains and ignored the unemployment rate and the number of minimum-wage jobs in his state. Read it and weep.
LMAO, anyone can post on yahoo! No one makes below minimum wage in Texas, bozo. It's against the law.

http://www.bizjournals.com/houston/news/2011/...

http://americansforprosperity.org/070110-texa...

http://www.columbian.com/news/2011/jun/07/tex... (Washington Newspaper)

You lefties can spin anything. Bush stole the election, caused Katrina, sprayed us with chemtrails, had a 90,000 acre ranch in Paraguay (that was a good one), McCain started the Forrestal Fire, Palin this, Romeny...., Santorum....

Talk about job creation by nobama! Shovel ready...nothing. Cash for clunkers...nada. Nobamacare already causing doctors to leave the profession, med students changing majors. Duh, duh, duh.

Keep your smooth talking, do nothing clown and take him back to Chicago.. or hawaii or whereever he's from. He's going to be fired. Get used to it.
Pamela

Citrus Heights, CA

#36 Jan 10, 2012
Idontlikecongress wrote:
<quoted text>
I am from Texas, have lived here all my life. Believe me....the "average" is NOT $15.00 per hour.......it is really about $8-10 per hour....even with many years experience or college degree. This guy is SPINNING all that Rick Perry nonsense.....Rick Perry DESTROYED more jobs than he ever "created". All the so-called "jobs" are McDonalds, Wendys and part-time, contract, INTERN jobs.
Rick Perry DESTROYED the Education system in Texas, which is already nearly at the bottom of all the states....now it is even lower. Rick Perry is the scourge of the devil himself and the rest of the repubs are right behind him.
Perry is just like Bush in that all they care about is big oil. Perry said the other night that he would put troops back into Iraq now. He is all for the big oil companies and for the war corporations, same game Bush was playing. He feeds the rich, the corporations at the expense of the working class. It's a good thing people are so sick of Bush that they don't want Perry. Notice how none of the Republican candidates EVER mention Bush. they don't want to be tied in any way to Bush destroying the country. Ron Paul 2012. He's the only honest one.

Since: Dec 07

Murchison, TX

#37 Jan 10, 2012
Earth Child 1 wrote:
<quoted text>Moral compass? Look at you bible thumping freaks who lost touch with reality due to fairy tales. Where ever religion has ruled throughout history, there has been nothing but war and bloodshed. All the different sects of Christianity and none of you can get along. There's freedom of religion and freedom from religious freaks who'll start a war in a heartbeat.
Most deaths in the world are by athiest communists, Stalin, Mao, Pol Pot and others. You athiest freaks will kill anyone to force your sick thinking.

“Old 16th Graveyard hole”

Since: Nov 11

Philadelphia, PA

#38 Jan 10, 2012
No, he is not a corporate raider, his company bought up failing companies and tried to make them profitable. Sometimes it worked and sometimes it didn't, but Bain took the risk and rather than look at the few companies they could not help or who went bankrupt after leaving Bain, you should look at the many companies and JOBS Bain Capital SAVED. Without them all those companies may have had to go out of business. This is just another smoke screen thrown out by the dems. to distract from the dismal record of the sitting president. How many companies did this administration give tons of money (our money or borrowed money) only to see them go out of business? Another green energy business that had been loaned millions went belly up a few weeks ago. This administration needs to get out of the ventur capitalism busiess (better known as pay back the big bundlers and cronys) and let real capitalism take place.
Say the Truth

Lansdale, PA

#39 Jan 10, 2012
Earth Child 1 wrote:
<quoted text>President Obama doesn't have to worry about losing to any of the GOP idiots running. They are all pathetic losers with shady backgrounds and using christianity to hide behind. Newt, for exaple, cheated on all three wives and played the christian whining game for forgiveness each time and that proves he'll cheat on business partners and the country. little Ricky Santorum is a boot licker for his nazi pope who wants Catholic theocracy in the US, which will cause civil war and the RCC has a history of starting wars. Romney is good at cutting jobs to save and make money for his Mormon cohorts to keep them and himself wealthy and could give two $&%#¥ about the rest of the country as long as Mormonism can also have a strong foothold in politics too and that also includes Huntsman. Ron Paul is senile and flip flops for votes. Perry is also a liar when it comes to his self praise for job creation in Texas, which is the minimum wage state if you're not in oil or cattle. The Bushes, Paul and Perry are all from Texas and so far they've been all crooks.
And you're a kook!

Funny how neither Hillary nor Barry had to go through the gauntlet like the Republicans are.
Say the Truth

Lansdale, PA

#40 Jan 10, 2012
Is "Politics Staff Ed" a leftist partisan stooge?

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