hour, right, is that the most i think the most sophisticated version of the tea party argument an argument about crony capitalism and an argument in which the way the access between washington and wall street. there s one thing one last point that i wanted to about the book that i want to bring up which is the complete failure of the democrats to even show up on the battlefield of these ideas. you know, you look at the obama administration. it s reverence for experts and expertise. franklin roosevelt didn t have his massive deficit spending program or social insurance programs or any of that stuff because by saying all you know, the experts say this is a good idea. we ve all read i have all these wonderful economists in my cabinet they re going although, he did. well, up, he had some, but they were extremely heteroorthodoxy. what he was doing was democrats are part of the winners. the democrats are what? part of the winners. democrats draw their political
but the fact that romney s running for president has elevated this. he s using his job creation record. i think this time around instead of different in 2008 is we didn t have contested primaries on both sides, so now it s become a hot topic. randy, tell me what happened when bain capital came into own the company that you were working for. what were the changes you saw step by step? right. to be clear, bain capital purchased ampad and ampad was distressed in 1992. my plant was purchased in 1994 from smith corona, the typewriter company. we are the only thing left making money at smith corona because typewriter business was going down. understandably. they took advantage of the law by going in an asset sale and buying the assets. employees didn t come with it. union contract didn t come with it. salary and hourly were kicked to the street. they brought in security guards. they walked us out of the building and said, if you want
judicial body that oversees the enforcement and education of labor law disputes for private sector employees in this country. the nlrb has essentially was not functional for the first 14 months of the obama administration. it could not have a quorum. it had five people. it only had two. finally, they got it to three and when those appointments expired, it was back down to not being functional. the reason these three appointments happened was because the nlrb was not functioning. it would be as if the supreme court didn t have enough to rule on any cases. that was the case for 14 minutes. no one really knew about it and no one much cared except for the chamber of commerce, which was happy to see the nlrb not operational and enforcing labor law. the approximate cause of the way it has become political is the case that the nlrb brought a case against boeing when boeing
i think the most sophisticated version of the tea party argument an argument about crony capitalism and an argument in which the way the access between washington and wall street. there s one thing one last point that i wanted to about the book that i want to bring up which is the complete failure of the democrats to even show up on the battlefield of these ideas. you know, you look at the obama administration. it s reverence for experts and expertise. franklin roosevelt didn t have his massive deficit spending program or social insurance programs or any of that stuff because by saying all you know, the experts say this is a good idea. we ve all read i have all these wonderful economists in my cabinet they re going although, he did. well, up, he had some, but they were extremely heteroorthodoxy. what he was doing was democrats are part of the winners. the democrats are what? part of the winners. democrats draw their political elite from the plutocrat class.
articulated alternative? it does not. you know who does? you know who does? it s really hard. you know who does? who has the alternative? it s like the you know, the hard, hard, hard right ron paul. right. you know, so it didn t work the first time. you know why? because you still had little bits of government intervention here and there that were tainting the experiment. have you to get rid of those, make it pure. by the way, we laugh at this sort of thing. you know, we highly educated libs laugh at this sort of thing but it is appealing. it s appealing in a lot of the same ways the soviet union was in the 1930s. compared to the hand-wringing of the left because the left hasn t come up with pay way of saying, yes, with he can have growth, the economy, without all this bad stuff. but this is i m going to okay. shameless pitch here. there s a whole chapter of the book comparing the appeal of this utopiaen capitalist idea to