Vulture Capitalism described by Capitalists

Think Progress put this out a couple of days ago. I agree that the election should be about what companies like Bain Capital and CEOs like Romney are doing to the American Dream. It is not pretty.

Here are the top 10 comments about Bain from Romney’s Republican rivals:

1. “The idea that you’ve got private equity companies that come in and take companies apart so they can make profits and have people lose their jobs, that’s not what the Republican Party’s about.” — Rick Perry [New York Times, 1/12/12]

2. “The Bain model is to go in at a very low price, borrow an immense amount of money, pay Bain an immense amount of money and leave. I’ll let you decide if that’s really good capitalism. I think that’s exploitation.” — Newt Gingrich [New York Times, 1/17/12]

3. “Instead of trying to work with them to try to find a way to keep the jobs and to get them back on their feet, it’s all about how much money can we make, how quick can we make it, and then get out of town and find the next carcass to feed upon” — Rick Perry [National Journal, 1/10/12]

4. “We find it pretty hard to justify rich people figuring out clever legal ways to loot a company, leaving behind 1,700 families without a job.” — Newt Gingrich [Globe and Mail, 1/9/12]

5. “Now, I have no doubt Mitt Romney was worried about pink slips — whether he was going to have enough of them to hand out because his company, Bain Capital, of all the jobs that they killed” — Rick Perry [New York Times, 1/9/12]

6) “He claims he created 100,000 jobs. The Washington Post, two days ago, reported in their fact check column that he gets three Pinocchios. Now, a Pinocchio is what you get from The Post if you’re not telling the truth.” — Newt Gingrich [1/13/12, NBC News]

7. “There is something inherently wrong when getting rich off failure and sticking it to someone else is how you do your business, and I happen to think that’s indefensible” — Rick Perry [National Journal, 1/10/12]

8. “If Governor Romney would like to give back all the money he’s earned from bankrupting companies and laying off employees over his years, then I would be glad to then listen to him” — Newt Gingrich [Mediaite, 12/14/11]

9. “If you’re a victim of Bain Capital’s downsizing, it’s the ultimate insult for Mitt Romney to come to South Carolina and tell you he feels your pain, because he caused it.” — Rick Perry [New York Times, 1/8/12]

10. “They’re vultures that sitting out there on the tree limb waiting for the company to get sick and then they swoop in, they eat the carcass. They leave with that and they leave the skeleton” — Rick Perry [National Journal, 1/10/12]

Thanks for doing the research Think Progress.

 

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4 thoughts on “Vulture Capitalism described by Capitalists

  1. Rob says:

    Is this really a fair representation of what “Capitalists” think of Bain Capital and Mitt Romney?

    One might argue that the above ten comments are merely the opinions of two individuals and not “Capitalists” as a whole. One of them, Rick Perry, made all of these comments in the two weeks leading up to his dropping out of the presidential race. The other, Gingrich, made all of these comments while also actively campaigning against Romney. These are the remarks and opinions of two men falling behind in a popular election and trying desperately, although failing, to regain ground. As such, we must consider the context as much as if not more than the comments themselves.

    These ten statements do an excellent job of reflecting the lengths most politicians, (D or R) will go to in an attempt to grab the privileges of public office.

    • Amy Meier says:

      These are two capitalists that were trying to convince all of us that they should be the leader of our country. And yes, they would have governed using the principles of capitalism to have us all “pull ourselves up by our bootstraps”. Even they can see how profit motives and governing people are contra-indicative at some point (and that is the point).

      • Rob says:

        This is a great blog by the way. It’s certainly a lot more interesting than the yelling and talking points that get passed off as political an econimic news on Fox, CNN, MSNBC, and other news networks where serious discussions never really occur. While we do not agree politically we can at least keep a “civil tongue.” Keep it up!

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