Does wealth corrupt?

iVillage Member
Registered: 03-03-2009
Does wealth corrupt?
61
Sun, 01-29-2012 - 4:27am

Lord Acton famously said that power tends to corrupt; and absolute power corrupts absolutely.

Jabberwocka

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iVillage Member
Registered: 03-03-2009
Wed, 02-01-2012 - 10:32pm
Bain was in the business of making money for Bain investors--NOT "growing businesses or making them more profitable". Do note the period. If a company was considered viable, Bain put money into it. If it was not considered worth the effort, they broke the company down. Fired its employees and sold its assets. Period.

If Bain created more jobs than it destroyed (which apparently has not been hashed out yet), it did so for the sole purpose of making money for Bain and its investors. No altruism involved.

As a Mormon, Romney may not worship Mammon first, but there must been a shrine somewhere in his psyche, where he could kneel down at the feet of the almighty dollar. I'd say that's true for most who are wealthy, or they wouldn't be, well, wealthy!

Jabberwocka

iVillage Member
Registered: 11-10-2006
Thu, 02-02-2012 - 12:10am
First of all the links you provided neither claim nor prove that Romneys ventures have destroyed more jobs than having created them. They do however quote a figure of having lost about 10,000 jobs. And they also go on to say that he And Bain have invested in hundreds of companies that went on to be successful. The 100,000 figure itself is not debatable, it's how that number came to be. But anyone being intellectually honest will concede that if these companies had not had the help they got when Romney handled them, they would not be here today, and would thus not have 100,000 jobs to be filled. None of this includes the jobs he helped Massachusetts gain during his governorship there. And no. I did not say that. And when someone tries to put lies in my mouth... They tend to have lost all credibility.

 


 


 


iVillage Member
Registered: 11-10-2006
Thu, 02-02-2012 - 12:21am
jabberwocka wrote:
Bain was in the business of making money for Bain investors--NOT "growing businesses or making them more profitable". Do note the period. If a company was considered viable, Bain put money into it. If it was not considered worth the effort, they broke the company down. Fired its employees and sold its assets. Period.

If Bain created more jobs than it destroyed (which apparently has not been hashed out yet), it did so for the sole purpose of making money for Bain and its investors. No altruism involved.

As a Mormon, Romney may not worship Mammon first, but there must been a shrine somewhere in his psyche, where he could kneel down at the feet of the almighty dollar. I'd say that's true for most who are wealthy, or they wouldn't be, well, wealthy!
You are right. But if he were uncessesful more times than not... He wouldn't have a job or company. Putting money into a failed company is usually bad for business. Put money into a viable company and when it grows, you win. If it tanks, you lose. So the success of the companies he invested in was certainly a goal. putting money into a viable company, growing it.. And creating jobs. A good business. Yip.... I can't imagine what shrines he has in his head. The one in my head is made of chocolate these days. Maybe someday when I'm wealthy they will be chocolate dollars.

 


 


 


iVillage Member
Registered: 02-28-2008
Thu, 02-02-2012 - 1:09am

<<>>

Though they dont prove that he

iVillage Member
Registered: 02-28-2008
Thu, 02-02-2012 - 1:12am
<>
Oh good at least you concede to that.
<>>
I'm sorry the old well you know he saved companies and made so many people happy
iVillage Member
Registered: 11-10-2006
Thu, 02-02-2012 - 9:39am
Yet the links *you* provide say it... And you have no way of proving that claim false either. And... If the shoe fits. I'm here to have actual discussion about politics and not about to keep defending myself when someone keeps accusing me of saying things I haven't said. I'm hoping the people reading this (among others where the same has happened) are capable of reading for themselves.

 


 


 


iVillage Member
Registered: 03-03-2009
Thu, 02-02-2012 - 11:00am

Success for Bain didn't inevitably result in job creation at the companies it acquired.

Jabberwocka

iVillage Member
Registered: 02-28-2008
Thu, 02-02-2012 - 4:52pm

iVillage Member
Registered: 02-28-2008
Thu, 02-02-2012 - 4:54pm

Exactly romney is not a job creator he is a corporate raider,a mugger he stole jobs and the only jobs he may have created

iVillage Member
Registered: 11-10-2006
Fri, 02-03-2012 - 10:37pm
Mmmmm melty chocolate. Wait... What? Yes, I hope some more fishing around is done so they can hate or love Romney based on facts. I'm sure someone out there is obsessed enough to do a detailed analysis on exactly everything Bain has done. Graphs and all. But does Romney deserve any credit for job creation? I think so. The companies he did help get up, have grown quite large with his help. Their growth dwarfs the shrink of the others.

 


 


 


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