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Saturday, September 1, 2012

Ohio teachers heavily invested in Bain

  Interesting that the Occupy crowd, the Democrats and various interest organizations routinely excoriate Bain as if the company is some kind of vulture waiting to swoop in to shut down poor defenseless unions and companies that are just struggling to make a buck to provide an honest living for workers.
  I've never understood why teachers, nurses and all unionists ridicule Wall Street as if Wall Street makes victims of them, when in reality unions and the like have their money tied up in Wall Street firms and especially Bain.
  Are they really so stupid as to not know their retirement incomes are dependent on investments? And Wall Street?
  In fact, the primary beneficiaries of Bain's private equities efforts are, you guessed it, unions.
  Deroy Murdock at the NY Post did a little digging and found that Ohio's teachers' union STRS has invested an enormous amount of cash in Bain: $767.3 million.
  While other unions do the same, of the unions listed in the Post article, Ohio's STRS is by far the most invested in Bain.
  Why participate in such hypocrisy?
Is Bain really a gang of corporate buccaneers who plunder their ill-gotten gains by outsourcing, euthanizing feeble portfolio companies and giving cancer to the spouses of those whom they fired? If so, union bosses, government retirees, liberal foundations and elite universities thrive on the wages of Bain’s economic Darwinism. 
If, however, these institutions relish the yields that Bain Capital generates by supporting start-ups and rescuing distressed companies, 80 percent of which have prospered, then this money is honest — and Team Obama isn’t.'
  So Democrats and their constituencies benefit from Bain's efforts, ridicule the company, then also take political contributions from them.
  Apparently it doesn't matter if you're money grubbing, greedy hypocrites...unless you get caught.
  of course, Obama's complaint was that making a company profitable isn't the job of the president, a fact which most of us would agree. 
  But Obama complains his job is to make everything fair for everyone.
  Which explains why he doesn't care much for our Founding documents.
  Which never mention making everything fair for everyone.
  One thing that would be fair is if Liberals would quit lying about business in America.

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