Sunday, February 3, 2013

FLASH: Romney camp solves the problem of entitlements (re-post)

[Don't bother to read this; it is being re-posted purely to defeat the Web-bots that have been spamming the original URL, which is now being deleted.
Actually, why not turn this thing (by now decidedly OBE) into an anthology of ads ...]

[Originally posted during the Presidential campaign, but now moot, as The Mittford  disperses into the winds, like a stale fart ...]


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Amid the predictable liberal snarking and sniveling against candidate Mitt “Willard ‘Millard’” Romney’s eloquent (if perhaps not elegant) remarks  trashing the lowlifes who live high on the hog on Social Security or private pensions without paying Federal income tax, one central fact was lost:  the financier and buccanneer who hosted His Mittship at that Boca Raton (literally “Rat’s-Mouth”) mansion for that somewhat ill-starred event, Mr. Marc J. Leder, has personally come up with a surprisingly elegant solution to all those pesky grabby gramps & grannies who want to live large on the pensions they unaccountably feel Entitled to.  Let the New York Times tell it:


The Post’s tycoon, and the party’s host, was a financier named Marc J. Leder, and those weekend revels last July had the East End of Long Island buzzing. Like many deal makers, though, Mr. Leder, 50, is virtually unknown outside financial circles. But from his headquarters in Boca Raton, Fla., he presides over a multibillion-dollar private empire. He is a practitioner of a Wall Street art that helped define an age of hyperwealth, and which has now been dragged into the white-hot spotlight of presidential politics: private equity.

It was through private equity that one Republican candidate, Mitt Romney, amassed his wealth — and, it turns out, it was through private equity that Mr. Romney first met Mr. Leder. A couple of months after the blowout in Bridgehampton, Mr. Leder was host for a fund-raiser at his Boca Raton home for Mr. Romney’s campaign. But the connection goes back even further. Years ago, a visit to Mr. Romney’s investment firm inspired Mr. Leder to get into private equity in the first place. Mr. Romney was an early investor in some of the deals done by Mr. Leder’s investment company, Sun Capital, which today oversees about $8 billion in equity.


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To his critics, he represents everything that’s wrong with this setup. In recent years, a large number of the companies that Sun Capital has acquired have run into serious trouble, eliminated jobs or both. Since 2008, some 25 of its companies — roughly one of every five it owns — have filed for bankruptcy.

Among the losers was Friendly’s, the restaurant chain known for its Jim Dandy sundaes and Fribble shakes. (Sun Capital was accused by a federal agency of pushing Friendly’s into bankruptcy last year to avoid paying pensions to the chain’s employees; Sun disputes that contention.) Another company that sank into bankruptcy was Real Mex, owner of the Chevy’s restaurant chain. In that case, Mr. Leder lost money for his investors not once, but twice. 

http://www.nytimes.com/2012/01/22/business/in-a-romney-believer-private-equitys-risks-and-rewards.html?_r=0&pagewanted=print
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For the private sector -- problem solved!  Simply declare bankruptcy, and tell the working-stiffs to go take a long walk off a short pier.(Step 1.)
But what about those greedy retirees who, in addition to their personal pension (if any), think they have some kind of entitled “right” to fill their money-bins with dollars gushing from Social Security?  This brings us to Step 2, an old Republican favorite:

~ Privatize Social Security ~
And then?  See Step 1.


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Si cela vous parle,
savourez la série noire
en argot authentique d’Amérique :

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Meanwhile, the candidate himself  shows us how it's done.   He has accepted office as Prime Minister of free and independent people's popular Azawad -- where there are no taxes, and no entitlements.
http://worldofdrjustice.blogspot.com/2012/04/romney-retraction.html


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Für psychologisch tiefgreifende Krimis,
in pikanter amerikanischer Mundart,
und christlich gesinnt,
klicken Sie bitte hier:

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Travaillant au noir,
le détective  se trouve aux prises
avec le Saint-Esprit
C’est quoi, le péché irrémissible ???

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 For further wisdom from the good Doctor, click here:

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