President Obama frequently touts the taxpayer funded rescue of General Motors as one of his great success stories. He doesn’t mention how many people lost their jobs during the reorganization. (Or how much the taxpayers are still owed, or how private investors got screwed in the deal.) But he loves talking about workers who...
President Obama and the Democrats (well, some Democrats, anyway) have been on a tear lately, slamming Mitt Romney’s private equity record at Bain Capital. I heard that Bain’s success rate is somewhere around 80%. That’s pretty good considering that many of the businesses the firm rescued were headed towards bankruptcy. In Romney’s business, private...
President Obama may want to shut up about Mitt Romney’s experience running Bain Capital and his attacks on capitalism. He takes plenty of campaign cash from private equity executives. Other Democrats are running away from the meme. Now we find out that two of those “jobs destroyers,” as Obama calls them, are sitting on...
This is great. Rep. Paul Ryan (R-WI) was on Fox News Sunday this morning along with Austan Goolsbee, a former economic adviser to President Obama. Goolsbee repeated the worn out attack on Mitt Romney’s time at Bain Capital. If this was baseball it would have been a big, fat meatball for Ryan to hit...
To listen to President Obama and the Democrats, you would think that private equity investment is a bad thing. Without private equity investment, just think how many businesses would fail. I heard that Bain Capital’s investments turned into success stories almost 80% of the time, but the narrative is set on the 20% that...
Here’s the latest anti-capitalism attack ad on Mitt Romney released by Team Obama. It’s supposed to make people think Romney is an evil, rich capitalists who ruins people’s lives. Too bad for Obama it’s already been established that the ad is false and misleading, several times. Much of this line of attack has already...
Communism vs. capitalism captured in photos. Doug Ross tells Bill Ayers, Bernardine Dohrn and Van Jones to suck on these pictures depicting buildings in East Germany taken before and after the fall of the Berlin Wall. If these two photos haven’t convinced you, there are plenty more where they came from. Tweetvaso link
Here we spend money and work hard to defeat Democrats and replace them with people we hope believe in free markets, and then they go and vote to not only re-authorize the Export-Import Bank, but also to increase it’s funding. This just stinks. The bad subsidies, according to Republican teaching, are President Obama’s green energy initiatives,...
The Blaze sent a reporter out on May Day to interview some of the occupiers and ask what on earth they would replace capitalism with once it’s abolished. I think I lost a few brain cells just listening to this drivel. One guy suggested that the unions seize control of production. What could go...
Via iOwnTheWorld, here’s a little thought experiment. What would happen if we all give up money? How will this man, who has given up money, (thirty dollars, to be exact) survive if we all followed in his footsteps? If we all followed this path, wouldn’t we quickly run out of caves, road kill, and...
Via Hot Air, President Obama’s old pal Bill Ayers was at another leftist occupy gathering and talked about what motivates him to wake up every morning – destroying capitalism. “I get up every morning thinking today I’m going to make a difference. Today I’m going to end capitalism. Today I’m going to make a...
I’m a little late getting this post up, but we can still celebrate human achievement by lighting up the night. On March 31, some people will be sitting in the dark to express their “vote” for action on global climate change. Instead, you can join CEI and the thousands of people around the world...
Well, this didn’t take long, and it was so predictable. Occupy Wall Street is going broke. They’re running out of other people’s money. Wow, who knew socialism doesn’t work? The report said, “At our current rate of expenditure, we will be out of money in THREE WEEKS.” The report – posted on the group’s...
The world’s political and economic elites are meeting in Davos, Switzerland to come up with ways to scrap capitalism in its current form. As far as I can tell, there’s no call to end crony capitalism, so I’m assuming it’s the free market kind they want to do away with. Hey, what have they...
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