EVANSTON, IL - AUGUST 21: Protesters outside the offices of Bain Capital demonstrate against the company on August 21, 2012 in Evanston, Illinois. (Image credit: Getty Images via @daylife)
Back in the old days when you were on the job and the company was going through a rough patch they called in an efficiency expert to see what they could do to improve the bottom line.
Today it's more about making investors a return on their money than saving the troubled company and its workers. Weren't we always taught to be careful about what you invest in? Investing was supposed to be risky business. Yet today it seems Wall Street and corporations are more worried about investors than the hard working employee at any USA company.
I believe the shift to huge CEO salaries and concern about investors' wealth came around the time that President Reagan fired the union air traffic controllers. From that point on it seems the Republicans started their effort to blame unions for most of America's woes. They started going after unions, such as those for teachers, fire, police, state and city public employees.
Republicans think private business is all that matters and government just gets in the way. Yet they don't seem to mind government help when disaster strikes. Just this week Republican Governor Bobby Jindal of Louisiana asked for federal help after Hurricane Isaac.
Republicans need to realize no country in the world runs without government. Even the most primitive tribes have some form of government.
Private businesses like Bain are not bad for America and neither is the Federal government. They can and should help each other. The trouble with a company like Bain is greed. Investors should not get paid if a plant closes and people are put out of work. Investors should get paid if what they invested in has a turnaround and makes money. Investing is a gamble; if you think a company can be fixed, invest in it. If you think a company can't be fixed, then don't invest.
Nowadays it seems the rich investors want their money no matter what! Look at the bailout for the banks which had to happen because we let the big banks get too big. We need to see Chase, Bank of America and others split into smaller banks ASAP or we may be bailing them out again some day.
Something Mitt Romney doesn’t talk about is the federal bailout of Bain Capital. We're told that Mitt Romney is a great businessman and yet if it wasn't for the government helping hand he might not be as rich as he is today. He should be thanking the poor working American taxpayer.
President Obama understands the needs of the middle class. We need to re-elect him to finish the job he started in 2008.
Read about Mitt Romney and the Bain bailout here.http://www.rollingstone.com/politics/news/the-federal-bailout-that-saved-mitt-romney-20120829