Wednesday, January 11, 2012

Romney Compares Bain Capital to Obama Takeover of GM


Shaking my head....Conservatives complain that Newt should not criticize on Romney and Bain Capital as an attack on capitalism. In fact, Romney was saying Obama's takeover on the auto industry was no different to what he did with Bain Capital. Thus, if Romney become the GOP presidential nominee, I expect GM and Bain Capital as a debatable issue. Romney need to solidify his argument that government is not in the business to make a profit. Also, Romney must convince the American people that the company is saving jobs and protecting its existence when they lay off workers.

"On the heels of his decisive victory in the New Hampshire primary, Mitt Romney took the attacks on his private sector record used by GOP rivals and turned them against President Obama. Romney's critics have accused him of destroying jobs in order to increase profits for his investment firm, Bain Capital, but speaking Wednesday on CBS, Romney said..." Are you sitting down?

Today on CBS, "Romney said that what he did [with Bain Capital] was no different..." Dadelut dadelut dadelut! from what Barack Obama did bailing out the auto industry.

The next paragraph is a quote from Romney.

"In the general election I'll be pointing out that the president took the reins at General Motors and Chrysler -- closed factories, closed dealerships, laid off thousands and thousands of workers -- he did it to try to save the business." So TheHill.com is reporting that Romney on CBS today said that what he did with Bain Capital is no different than what Obama did in taking over the auto companies. Obama had to lay people off; Obama had to streamline the place to make them profitable. So he's accepting the premise that Newt and Perry have put out there, apparently, that he has gone into these companies with a chainsaw -- and now he is using Obama and what he did at General Motors and Chrysler as: Hey, the president did it!

You just don't, if you are the leader in the race for the Republican nomination, come out and give tacit approval to the government takeover of General Motors and Chrysler and then compound that by saying: Hey, what I did is no different. I was trying to save the businesses.

RUSH: I'm still struggling with this here, folks. What Romney should have said is, "You call what I did layoffs? I was trying to save jobs! I was trying to save companies. Look at what Obama did with General Motors: Those jobs went overseas to the ChiComs. Look at how he's laying off 80,000 soldiers," and this is the point: Is Obama trying to save the Pentagon by laying off 80,000 soldiers? No, ladies and gentlemen. Quite the opposite. There's nothing -- there's not a single thing -- that is common between we as conservatives and Barack Obama.

Not a single thing. In the areas of economics and substance there's not a single thing. Now, the Democrats may talk about the fact, "Yeah, we need to streamline the Pentagon! Lean and mean. So we're gonna lay off 80,000 soldiers." That's not why they're laying off 80,000 soldiers. They are cutting that money to spend it elsewhere to buy more votes. They're doing it to cut the military down to size because they think the US military has been the focus of evil in this world. The colonialism and imperialism are rooted in the US military. And it's not just Obama; that's the Democrats from as long as I've been alive. Well, since JFK.