KRUGMAN zaps Norquist, Cory Booker and the Heartland Institute

[cui bono]

26. Not the same thing at all.

Bain was doing that is being criticized is leveraged buy outs, which the right wing has renamed as private equity. They were buying companies, stripping them of their assets and putting that in their pockets, running up debt on them then going bankrupt, leaving the people who worked there with little or no pensions for all their hard work. Pensions that were there when the company was bought.

So you might want to look into what you think is so similar about those companies when compared to Bain, you might be surprised. Yes, Bain did do some of that, but they did a lot of evil, greedy buy outs which is how they made so much money. And the govt. had to pick up the tab for a lot of what had to be paid out to workers and such, so they fleeced us all in the process. Corporate socialism is just fine by all those ranting about socialism.