Obama Campaign: Romney Is A 'Corporate Raider'

[MarkCharles]

01-13-2012 10:43 AM ∞ t witter
Obama Campaign: Romney Is A 'Corporate Raider'
The Obama campaign viciously attacked Mitt Romney in an email to supporters today. Calling the former Governor a “corporate raider,” Obama campaign manager Stephanie Cutter had harsh words about Romney’s time at Bain Capital.

Cutter’s memo channels parties ranging from former Bain Capital colleagues to business juggernaut Warren Buffet in framing Romney’s time at the private-equity firm.

Between now and November the American people will decide whether to respond to this crisis by electing a corporate raider who profited from – and promises to restore – the conditions that caused it, or re-electing a President fighting to level the playing field for American businesses, restore fairness for consumers and help the middle class reclaim a sense of economic security that will benefit the entire economy. That’s what’s on trial, not “free enterprise.”

[MjolnirTime]

1. You're damn right, he is!

Mitt likes to say only 20% of the companies Bain invested in went bankrupt.

That doesn't mean he still wasn't cutting jobs at all those places that didn't go belly-up.
In fact, it almost assures that he was.

Bain made money by making businesses more "efficient" i.e. cutting the labor force.

[SlimJimmy]

4. We have to be careful here. If President Obama's plan that he outlined today is accepted,

over 2000 jobs in the government sector will be lost. That's 2000 families added to the unemployment lines. Downsizing and efficiency can cut both ways. Don't think for a second that the GOP won't use that against him in the general election. I also believe that Solyndra will be used as an example of the administration's *crony capitalism* at work, where over 1100 jobs were lost.

Now, don't kill me as the messenger here. I'm just pointing out what will happen in the next ten months. And don't think for a second that some of it won't stick. The voting public is not nearly as astute as we would like to give them credit for being.

[NutmegYankee]

5. I don't think that everyone here would cry over lost government sector jobs.

Hundreds of thousands of people are employed by the DOD, including a decent chunk of scientists and engineers. Quite a few folks here would love nothing more than to see them unemployed.

[SlimJimmy]

6. I guess that's where you and I differ. I don't believe now is the time to be shedding *any* jobs

in this economy.

Let me add that these are Department of Commerce Jobs, not DoD.

[NutmegYankee]

8. I don't think we differ.

I oppose shedding jobs from any dept. But i'm amazed how many here would love nothing more than to gut certain depts.

[SlimJimmy]

9. Okay, thanks for the clarification.

[The Wielding Truth]

10. Are you on DU? Efficiency is our goal. I have never seen sugestions of gutting any dept.

[NutmegYankee]

15. Yes, it was on DU

These individuals may not have thought out the consequences of their view, but cutting the DOD budget in half would result in massive layoffs (RIFs) of many employees, often well paid professionals like contracting officers, engineers, and scientists. I have seen posts in support of cuts like that or even deeper. Sure, the DOD is bloated and we spend far more than the next 10 nations combined, but slashing the workforce would make the situation far worse.

[lunatica]

24. Unfortunately keeping the status quo in the DOD is just as bad

It's called a dilemma. Either outcome is difficult. But there is a way of choosing the 'best possible' outcome. That entails taking serious steps towards a future that addresses the problems that got us here in the first place along with an idea of what direction to pursue. Something like addressing destabilizing climate change.

[baldguy]

2. He's an economic royalist.

These economic royalists complain that we seek to overthrow the institutions of America. What they really complain of is that we seek to take away their power. Our allegiance to American institutions requires the overthrow of this kind of power. In vain they seek to hide behind the flag and the Constitution. In their blindness they forget what the flag and the Constitution stand for. Now, as always, they stand for democracy, not tyranny; for freedom, not subjection; and against a dictatorship by mob rule and the over-privileged alike.

http://en.wikiquote.org/wiki/Franklin_D._Roosevelt#Speech_to_the_Democratic_National_Convention_.281936.29

[HopeHoops]

3. Oh bullshit. He's not smart enough for that. He's just a hairpiece in the company.

[Bruce Wayne]

12. Meh. I'm not sure any other corporate raiders were any smarter

[HopeHoops]

23. Okay, you have a very good point there.

[SoapBox]

7. Whatever it takes to keep a GOPBagger out of the White House.

Mittens is a dirt bag...like the rest of the scum from the GOPBagger Clown Car...that is the bottom line.

I'll take my chances with President Obama.

[Bruce Wayne]

11. Since Newt & Perry said it first, Obama can now say it safely.

Way to follow, big guy!

[wiggs]

13. Yes. He's an economic royalist and, like Meg Whitman and Carly

Fiorina, he's the last thing we need for the country. Meg and Carly weren't corporate raiders but they were high-wire players...the ones making 400 times the average worker...the ones getting golden parachutes...the ones shipping jobs overseas...the ones getting shoes shined while waiting to board the private jet.

The case against people like Romney shouldn't be limited just to how and when he benefitted from destroying jobs or companies and whether or not he did that more than helping companies grow. The case is bigger than that and has to do with priorities, the 99%, life experience, who he represents.

[Yo_Mama_Been_Loggin]

20. Fiorini's not a corporate raider

But she sure ran one of the most employee friendly companies Hewlitt Packard into the ground. Her tenure at AT&T wasn't much better.

But as you say she got a massive golden parachute in spite of her screw ups.

[Kalidurga]

14. I am glad Obama is taking on the job cremator.

But, then most of the 1% like nothing more than to cremate jobs all the while taking our tax dollars for their security in other countries that they have outsourced to-to avoid paying decent wages just so they can make a few million more dollars.

[Kingofalldems]

16. Newty, can we use your Romney video this Fall?

[MarkCharles]

17. As Republican Andrew Sullivan is quoted as saying today:...

"The question Romney has to answer is: how is it "capitalism" to make so much money from companies that went bankrupt?"

[Quantess]

18. Definitely worth repeating!

[Yo_Mama_Been_Loggin]

19. Aw that's just envy.

You peons should bend over and take it like good peasants.

[DinahMoeHum]

21. Romney: A Corporate Raider, Not A Job Creator

should be a great soundbite.

[Hestia]

22. Remember the "Crimson Permanent Assurance"?

First thing I thought of when I heard corporate raider or pirate. Monty Python definitely has relevance, now more than ever

For those of you who haven't seen The Meaning of Life, this is the opening of the movie in two parts. Definitely a must see

Part 1

Part 2