At last, Dennis Kucinich has decided to “retire” at the end of this session. Yes, he was defeated in his primary by another Democrat, but he was also considering a run in Washington state. While there were some activists who were “pleading with him” to run there, as it turned out that the majority of voters, and local party officials were … lukewarm … to the idea. While this is disappointing to the purity brigade, it’s something they brought on themselves. Kucinich isn’t the only example, and what has been interesting is how many of the “progressive heroes” have gone down to defeat in primaries against another Democrat – and in particular, another incumbent. This, if anything, is a demonstration of how far the purists need to go to get anywhere near the clout they claimed they have.
Using what’s called a “leveraged buyout,” Romney and his investors would take control of a successful business, paying only a fraction of the total price. The rest would be paid for by loading the company up with debt, using the firm they were buying as collateral—so ultimately the company, not Romney, would be responsible for paying back the debt.
“They said, ‘Oh gosh, Gov. Romney at Bain Capital closed down a steel factory,’” Romney told Morrissey. “Their problem, of course, is that the steel factory closed down two years after I left Bain Capital. I was no longer there, so that’s hardly something that should be on my watch.”
Just ignore that he was in charge when all those things that led to the bankruptcy and closing happened! But he left before the results of his actions became clear, so he’s not to blame! Yes, way to deflect there, Mitt. What’s amusing about this is that Mitt had been using his “experiences” there to portray himself as a “job creator” and how he could use that experience as President. Then again, he’s not real big on letting people know his “plans” for the country, either. Because most of them turn out to be pretty much the way he ran Bain: Lots of debt rung up, but good for he and his friends.