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.
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.