It wasn’t just closing down US companies and sending their jobs to China. It was crony capitalism and lobbyist inspired laws that gave Bain’s gamblers a sure thing and screwed everyone else.
Read David Stockman and weep. I’m sure the Republicans will want to send Reagan’s Budget guru to the woodshed again.
Bain Capital is a product of the Great Deformation. It has garnered fabulous winnings through leveraged speculation in financial markets that have been perverted and deformed by decades of money printing and Wall Street coddling by the Fed. So Bain’s billions of profits were not rewards for capitalist creation; they were mainly windfalls collected from gambling in markets that were rigged to rise.
Remember the K Street follies? That’s what it is to be a Republican today, that and granting “personhood” to any lucky sperm that makes it to an egg.
