E-mail updates
Follow on Twitter
Subscribe to RSS
LEXINGTON, SC -- Despite an onslaught of criticism from conservative commentators who have rushed to Mitt Romney's defense, Texas Gov. Rick Perry is not backing down on his attacks on Bain Capital's "get-rich-quick" schemes.
"The idea that you come in and destroy people's lives, the idea that you come in just to make a quick profit tear these companies apart," Perry told an audience of about 50 at Lizard's Thicket restaurant outside Columbia. "I understand restructuring, I understand these kind of things. But the idea that we can't criticize someone with these get-rich-quick schemes is not appropriate in my perspective."
Commentators from Rush Limbaugh to Sean Hannity have ripped into Perry and Newt Gingrich for their slams of Bain Capital's restructuring plans, calling the attacks "anti-capitalist" and comparing them to the language of Occupy Wall Street.
But Perry repeated his newly-minted phrase "vulture capitalism" three times at his first event of five campaign events today -- the day after Romney thundered to victory in the New Hampshire primary.
The Texas governor, who did not even muster 1% of the vote in last night's Granite State contest, tweaked the early nominating races in his appeal to South Carolinians.
"Who's South Carolina going to put forward? Iowa is a fine state. New Hampshire is an, uh, interesting place," he said to giggles from the crowd.
"But the fact of the matter is they winnow the field down. South Carolina is who picks presidents."
Leave a Comment:
If anybody knows something about "get rich quick schemes" it is Rick Perry who became a millionaire through a series of "buy cheap" "sell high to your friends" land deals.....At least Romney was on a private business payroll...Old Rick has had his mouth stuck to the government nozzle for his entire adult life....
Everyone needs to know about Mitt's business since he is tauting it as his qualifications to be POTUS. Now that Newt and Perry are, this is a problem? For whom? Tell the truth or go to a quiet room so says Mitt. Everyone knows that Mitt is part of the one percent born with a silver spoon in his mouth and never had to worry about problems that the average citizens because he's not an average citizen. He's been lying throughout this entire campaign, pretending at being a down-home, average Joe six-pack guy. We know he's not, the teapartiers and the established republicans congress members know it too. Look at how now Rush, Demitt, Hannity and others are trying to protect Mitt and shut up Perry talking about it. It's bs and the republican voters need to know. Keep talking Perry and bring on the movie Newt!!!
What does Ronmey want us to remember...another 8 yrs of republican blunder of the economy.....failed policies of the GOP.. NO WAY
"Scary Perry" is actually right in his attacks on "Romulian Romney." WOW! This is the first issue that old "Scary Perry" has not "Stumbled" over in total ignorance.
BaldEagle. You make a valid point regarding Propsition 13 but our taxes here in California are higher in many other areas to make up for at least some of the shortfall. We already have enough homeowners in distress....you start raising property taxes to 3-4% and we could fall off a cliff as far as foreclosures. In my area, a 2% increase in property taxes would be approximately $6,0000 per year per homeowner.
Ricky doesn't back down from his criticism of BRAINS either. It's much EASIER when one doesn't HAVE a brain to criticize OTHERS who DO have "brains". Rick the prick is FLAILING and will be the NEXT of the 7 DWARFS to fold his tent (not that the USA NEEDED another AS SHOLE TEX-ASS guv'nur pray-see-dunc-ey")
Prick Perry.... Get your stupid ass back to Texas. We are tired of paying for your dumb ass campaign. You cannot win! You should not even be governor of our state.
Mr Romney will not win the Presidency. The recent complaints that his rivals are "doing the Democrats' job" in pointing out the duplicity of his corporate 'vulturism' seem to be missing the logical and very real consequent of the proposition. Mr Romney's record of practices and decisions in the business world will be combined with his record politically to show him to be the very kind of corporate scallywag the OWS people have been railing against and for which there is much animosity in the American public in general. It's simply a question of whether his candidacy crashes now or later. Either the Republicans will disqualify him by showing his ultimate unelectability now or the Democrats do it this summer. For the greater Republican constituency, the benefit of it happening now is it gives them time to nominate someone else. After the conventions it will be too late.
Americans...Republicans first..are being asked if they want to turn the American economy back into a speculative,profitable for the few,no rules but survival casino that resulted in The Great Crash of 2007......or......have a productive economy that creates well paying American jobs and is driven by an expanding middle class that is rewarded for work,ingenuity,and fair play. That the question is being posed by Republicans like Perry and Gingrich is rather astounding,but nevertheless valid.
Romney is the poster boy for success for the few at the expense of opportunity for the many...or as Governor Perry says...."Vulture Capitalism" vs free enterprise.
May I had there is no such thing as "free enterprise" except from a purely academic perspective. Ultimately human behavior drives markets and I think astute behavioral scientist would concur that a game involving human actions and motivations will ultimate lead to anarchy. Free enterprise reflects the ID and government reflects the Superego. Both are needed to motivate humans and to keep their motivations from harming themselves and others. Been awhile since my time devoted to psychology but I think I have the almost correct.
Interesting take......So Republicans want to screw everybody and Democrats want to act morally and ethically :)
I am not a fan of Perry or Gingrich but I whole heatedly support their efforts to bring sunshine to the LBO industry and the devastation it can bring to struggling businesses. I am a corporate tax professional and have first hand knowledge of what can happen when LBO's seek to extract value from the business to create wealth for the private equity firms leaving the business highly leveraged with no real prospects of actually paying off the debt incurred by the business to execute the LBO other than than the business going to the IPO market and the public investors bailing out the business from its looming debt crisis. Private equity firms have less interest in strengthening the business's competitiveness and financial strength over the long-term as they are maximizing its investors wealth. I would like to add another analogy of the LBO firms...they are likened to automobile chop shops, they steal cars, strip away and sell the good parts and then leave what is left on the road for the public to haul away! The fix is, in principal, simple, LBO firms must incur the debt to acquire a business and not the business itself as the added incremental debt merely facilitates the LBO firm's investment strategy. Treasury should vigorously enforce the tax rule disallowing a tax deduction for acquisition indebtedness. Inaddition, and this will never happen, wealth creation by the LBO firms is its business and all gains resulting from from and LBO should be taxed as ordinary business income and not capital gains such as it is for broker dealers of securities. Keep in mind nonprofits such as pension funds don't pay taxes so my suggestion merely affects the LBO firm and its for-profit investors. Let's get equality in tax inefficiencies between labor capital and financial capital. I am one who believes people are more valuable than the almighty dollar.
Remember the Republican Party of Ronald Reagan – the party of optimist, the party of positives, the party of Morning in America. Look what it’s become – a glorified, third rate reality show. Today Republican candidates are acting like spoiled children, screaming at each other, calling each other one name after another and threatening law suits. Meanwhile – the only message they have to offer the American citizens is I hate Obama more than my opponent hates Obama.
It is really hard to give Mitt Romney and/or Bain much credit for creating jobs with their business model. When they go into a town and open a Staples store and hire 50 people (just an example) and then they gut the office supply business, their competitors slowly die off. So, it they hire 50 people and their competitors lay off 50 (+or-), who was the winner? Sure, it was Bain and their business model; the 50 new Staples employees are probably taking home less money working and the people who lost their jobs and did not get hired at Staples are getting unemployment and perhaps some retraining, if people in retail need to be trained. In all of this, the tax payers picked up the slack. But, that is sort of how the free capital markets continue to work. I don't agree or disagree with the business model. It is just the way the system works. How that much different than when Wal-Mart moves into a town and wipes out all of the small grocery and hardware retailers for 50 miles around.
Willard Perry will never understand it because he has never worked in the private sector. I'm not sure Perry even wants to be President; he just wants to keep getting the attention from the press and a few ignorant supporters. With an IQ that is somewhere south of his pulse rate, Perry is an embarrassment to the Teapubs and he just keeps making the case that the Republican brand is fractured, over exposed, at odds with itself and close to implosion. Don't slow down Willard......at this point I would not be surprised if some of his donation money is coming from Dems.
Then there is Newt. If Willard can't bring down the "R" banner in 2012, Newt will do it. And if you don't think so, I am fully prepared to sue you in any court of your choice.
Perry is too full of himself. Read this:
On 12-21-2011, I wrote:
The Coal-fired Power plants have been on notice for a long time to clean up the pollutants they spew into the air for everyone to breathe and the president has made it clear they have to comply with the EPA rules promulgated. America is in the forefront in clean air and environmental issues and should carry out and implement these regulations for all Americans. The die-hard extreme fringe will continue to scream about EPA rules and de-regulation because they are in the pockets of the super-affluent who do not care about water, ground and air quality. All they care about is pleasing the 1%-ers and their tax breaks. The EPA, the America lung Association and many scholarly bodies welcome our efforts. But the puppeteers have control of this radical element who cannot see past the monies they receive the effects of "Global Warming"! These die-hard illusionist will shut down plants rather than fix the plants to make their points. These TEA-GOP-republican members care only about keeping taxes down and lie that jobs will be lost and the increase in cost that will be passed onto the consumer. This is all the same hogwash that has been used since time infinitum.
On Jan 13, 2012, I read Patricia Kilday Hart's piece in the Houston Chronicle stating Texas leads the country in greenhouse gas emissions and we could thank or Governor Rick Perry. Perry issued an executive order fast-tracking permit requests for construction of new coal-fired power plants while Texas was awash with cheap, cleaner natural gas, an alternative for electricity production. Perry told Texas this would be an economic boon and there would be 3,770 new jobs generated. Meanwhile Perry received hundreds of thousand of dollars in campaign contributions from Wyoming Coal companies. He and his appointees to the Texas Public Utilities Commission and the Texas Environmental Commission on Environmental Quality colluded to mis-inform the public and at a speed to avoid new federal laws for carbon pollution. Texas now has thirteen coal-fired, greenhouse polluting power plants that will not and do not comply with the new federal rules for carbon pollution. ERCOT has failed to protect Texas, Texans and the people downwind from Texas from greenhouse gases. Texas is a one-party state run by unforgiving Capital chasing career politicians.
http://fuelfix.com/blog/2012/01/12/texas-leads-u-s-in-greenhouse-gas-emissions/
http://www.chron.com/default/article/Texas-leads-U-S-in-greenhouse-gas-emissions-2476015.php