Palmetto State poised for pragmatic pick over preening vulture anti-capitalists
South Carolinians have seen too many shuttered textile plants never visited by Mitt Romney’s Bain Capital to fall for Newt-Perry slurs that blame the buyers of companies already failing due to the internal policies of the sellers or external policies of governments.
Vultures eat the dead. Bain, under Romney, saved jobs worth saving in the private sector (unlike the now government motors taxpayer -funded welfare “jobs” saved by President Barack Obama at a loss) by salvaging the identifiable living and the profits earned saved and created jobs, sight unseen:
The problem with the entire discussion is that jobs are being used as the only measure of the “good” done by Romney. Profits are also good as they allow companies to grow and as they return capital to investors who can then fund the creation or growth of other companies. Indeed, despite our being surrounded by Keynesian-thinking politicians who believe that nothing is as important as consumers having spending money, the indirect benefits to society of profits to investors are arguably at least as large as the indirect benefits of employment.
We have to assume that conservative movement leaders like the former Speaker of the House and a twice re-elected governor of the Lone (jobs-producing in the 21st Century so far) Star State are familiar with the the economic fundamentals that define free market capitalism and that constitutes the foundation of modern day American conservatism. Hence this2000 conservative epiphany-defined gamecock’s disdain for Newt Gingrich and Rick Perry when they launched their respective efforts in my native home state by hurling the “vulture capitalist” epithet at the successful former CEO of Bain Capital and related companies, savior of the post-911 Salt Lake City olympics, and balancer of Bay State budgets.