Friday, November 2, 2012

Bust-Out!



Bust-out. Here's how it works if you're Tony Soprano.

One of your friends owns a sporting goods store. He's done well with the business but has had a lot of expenses lately-- sending kids to college, this and that. And he has a gambling problem-- a bad one. He gets in deeper and deeper and finally he comes to you for help. He needs $50,000 to pay the bookie so his legs won't get broken.

Before you hand him the money you put him on notice-- he is a friend after all-- telling him if he takes the money whatever ensues will be business. He of course takes the money.

You put Paulie in charge. Before your friend knows it Paulie is ordering expensive sporting goods you can't hope to sell-- who can get rid of so many Igloo Coolers?-- and things not even remotely related to sporting goods, like Cutty Sark.

The bills pile up and pile up-- as Tony and his pals sell off everything, including the shelves, until finally the utility companies turn off the lights and the bank seizes your building. You're left with no business and a huge debt which only you are responsible for. Meanwhile, Tony and his crew are casting about, looking for a new victim.

That's exactly what Bain Capital did-- bust-outs-- but on a much higher level and with no armed goons.

And that's why Mitt isn't a businessman-- he's an anti-businessman. He dismantled American companies, sent American jobs overseas, and left American workers without jobs, without pensions, and without hope.

Mitt should have gone to prison for that. Unfortunately, it's not illegal (merely immoral), and now he gets to run for President.

Read more here.

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