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View Diary: The Story of Bain is hitting Home (269 comments)

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  •  "creative destruction" is an oxymoron-- (11+ / 0-)

    the parts cancel each other out.

    But, I think you're wrong about the GOP message machine being successful.  They're still in the process of developing one that works. The most recent effort seems to have given up on Willard and aims for the electorate to "Believe in America" instead. Perhaps it's supposed to be a variant on "believe in Jesus."  In which case, the people who are nattering about elevating the nation to a secular deity have got a point.

    "In the name of the nation, and of the dollar and of the rule of law, you and your children shall sacrifice for the good of all."

    People to Wall Street: "LET OUR MONEY GO"

    by hannah on Sun Jun 10, 2012 at 02:58:07 AM PDT

    [ Parent ]

    •  I think you are on to something, hannah, (5+ / 0-)

      about the secularization of the GOP messaging of "Believe in America." But, I wonder, don't the religious right equate Jesus and America, the whole exceptionalism doctrine implying that God loves America and made her great.

      "extreme concentration of income is incompatible with real democracy.... the truth is that the whole nature of our society is at stake." Paul Krugman

      by Gorette on Sun Jun 10, 2012 at 08:18:33 AM PDT

      [ Parent ]

      •  Yes, they do, but (6+ / 0-)

        that is merely their attempt to attach themselves to America, which IS great, in order to share in and take credit for, said greatness.

        Everybody got to elevate from the norm....

        by Icicle68 on Sun Jun 10, 2012 at 08:34:06 AM PDT

        [ Parent ]

        •  it's the new (3+ / 0-)
          Recommended by:
          Icicle68, laserhaas, hannah

          Kinder, gentler ...

          American Exceptionalism.

          Version 3.0

          What is necessary to change a person is to change his awareness of himself.
          -- Maslow ...... my list.

          by jamess on Sun Jun 10, 2012 at 08:43:51 AM PDT

          [ Parent ]

          •  George Washington > Gordon Gecko (3+ / 0-)
            Recommended by:
            jamess, laserhaas, Palafox

            Everybody got to elevate from the norm....

            by Icicle68 on Sun Jun 10, 2012 at 09:10:27 AM PDT

            [ Parent ]

          •  Show of Hands please... (2+ / 0-)
            Recommended by:
            laserhaas, jamess

            Out of curiosity... How many people here at D-Kos have been downsized because of a leveraged buyout?

            I have and I bet there are a lot of the D-Kos community that have been laid off after a leveraged buyout by a private equity firm that later drove the company into bankruptcy and "harvested" its divisions for sale.

            A lot of Americans have had this experience which is probably why the Obama administration's ads are having the effect that the poll indicates.

            So lets hear from ya... show of hands Please!

            •  I don;t think what Bain did to me is called an LBO (1+ / 0-)
              Recommended by:

              but, if the question is - "How many got the shaft by --"

              then my hand would have to raise...

              Mitt Romney was CEO of Bain until Aug 2001. Proof of Bain & Romney Fraud

              by laserhaas on Mon Jun 11, 2012 at 08:52:46 AM PDT

              [ Parent ]

              •  A lot of people don't understand an LBO... (0+ / 0-)

                Bain did a lot of these...

                A leveraged buyout (or LBO, or highly leveraged transaction (HLT), or "bootstrap" transaction) occurs when an investor, typically a financial sponsor, acquires a controlling interest in a company's equity and where a significant percentage of the purchase price is financed through leverage (borrowing). The assets of the acquired company are used as collateral for the borrowed capital, sometimes with assets of the acquiring company. Typically, leveraged buyout uses a combination of various debt instruments from bank and debt capital markets. The bonds or other paper issued for leveraged buyouts are commonly considered not to be investment grade because of the significant risks involved.[1] If the company subsequently defaults on its debts, the LBO transaction will frequently be challenged by creditors or a bankruptcy trustee under a theory of fraudulent transfer.[2]


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