Re: American Presidential Candidates
I am not begrudging Bain Capital making money through risk taking. I dont have the smarts to do that. However, in my opinion, there is no risk taking involved in this particular endeavor.
Just read in todays WSJ, Caterpillar has closed a plant in London Ontario (paying union workers 35$/hr) to move it to Indiana (15-18$/hr). Indiana is mostly non-union.
I agree with one of your posts where you had talked abt pension benefits ballooning out of control. The right wing attacks Unions at every chance. Every single measure we now take for granted has been thanks to liberals/progressives - better working conditions, clean air, clean water, equal rights for women/minorities, etc.
Apple making it s IPODS, IPADS, Iphones (or whatever gadget) in China where a worker died after 34 hours of continuous shift - deplorable. They have $100B in their war chest - at whose expense? the working stiff.
So yes, I do pay attention when someone tries to stiff a hard working person.
I am not supporting exploitation of workers. I am a worker too!
I am simply objecting to criticizing Romney for succeeding in his business. If you are not begrudging Bain Capital then I am lost as to why you would begrudge Romney since he and a handfull of others make up Bain Capital?