When the Angel Investor turns into the Devil Pilferer
Any company in distress needs an Angel investor to infuse cash flow. There are ways to 'turn around' failing companies. They can merge with stronger ones in their fields of production, they can engage in capital improvements to upgrade machinery or processes, they can buy patents to make more things and a host of other things that can improve corporate standing and performance. Any outside investor or Angel who wanted to help could consider any or all of those.
When you look at the companies that Mitt said had to fail you realize that these companies did not have to fail and fold, they are in industry sectors that are alive and kicking, he just
manoevered and engineered them into the ground after driving hard bargains that gave him controlling interest. Take Kay Bee Toys for example. Did he suggest a merger with Matel that could have saved jobs? Did he suggest that they consolidate stores or did he suggest that they improve efficiencies by capital improvements? The Toy Industry is alive and kicking and it is a multibillion dollar industry. Why did Kay Bee toys have to fail? If you do this with any of the many companies he said "had to fail" you realize that they did not- he could have reconfigured them successfully, but chose instead to pilfer them, rape and pillage them. This is an Executive's worse nightmare.
He did it also in a way that decimated entire communities for miles and miles in towns that had but one major plant that he shut down. He did this in a way that robbed people who worked their whole lives in some cases in a place of their pension or hit the government with the Pension Guarantee Trust liability while he profited off the sale of the assets they did have.
This is when an Angel investor turns into a Devil Pilferer Raping and Pillaging for his own profit.
That is not someone who is going to save the country. That is someone who is going to save
companies that have a Mormon Board and ship the assets to Mormon banking enterprises.
People are crazy to vote for him.
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