I thought I read a post concerning the auto bailout. As you recall Obama not only bailed them out he ignored bondholders rights of claim and turned them over to the unions. Popular yes. Legal very questionable. Anti-capitalist most definitely. Private Equity firms are entitled to residuals and fall in line of payment after supplier, creditors, lenders, Treasury and employees are paid.
The attacks on Romney concerning Bain Capital are very misleading and clearly in the genre of far left. Capitalism lays the foundation for our liberty, and our economic freedoms and without it we will drift into a socialistic state. Be wary of those who make claim that capitalism is immoral look careful to whom they are and why they are making those claims. and then ask yourself what are these critics suggesting in its place?
Also mention was the Consumer Financial Fraud Act again while populist propaganda this very complex act will do more harm to our economic way of life creating in the same manner as ObamaCare the ability of government to control our private lives. Clearly the intent of this Act is to protect consumers but its demands create multiple agencies and red tape that will figurately stangle corporations and send them broke. The Sarbines Oxley Act was an over reaction to Enron, etc. Numerous businesses went bankrput and or move their companies overseas to avoid this costly regulation. Consumer financial Fraud Act is Sarbanes Oxley on steroids.
I am not suggesting that we should demand the abolishment of this Act but clearly it needs revisions because economic growth simply cannot flourish under its demands
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