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The ‘Bain’ of Capitalism becomes the ‘Swiftboating’ of the Right?


Via Bagel Insurrection: Swimming with Bain

When even Rush Limbaugh buys into the “criticising Bain is criticizing capitalism” meme, we have lost as a party. There is a huge difference between using government powers to impose value judgments (a la Obama) and making value judments in evaluating a candidate’s background.

It’s over.

Not so fast, Professor Jacobson…

Obama’s “Winning The Future” (WTF!) campaign had been aimed at demonizing “greedy capitalists” and economic liberty from the get-go. Even without Romney and Bain, liberty and free markets were going to have their heads on the chopping block.

So no, it cuts both ways. Bain Capital as a model works. Only failing companies were purchased – some were too sick to recover, others have since thrived. Never once purchased a healthy, growing company and plundered it. Romney can position any number of Bain successes against Solyndra and the Volt – and show how one model uses private capital to grow the economy and the other public money to tank it.

Yeah, so let’s go swimming, professor.

2 Comments leave one →
  1. 2012/01/10 23:10

    Jacobsen has reduced himself to being a groupie. It’s a sad thing to witness.

  2. 2012/01/13 00:45

    Well said Ran. Most have since thrived, actually. If not for his business acumen, Romney has no qualifications, other than as a moderate-liberal governor of an uber-Liberal state. Bain is the wrong battle, and Newt has bought it.

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