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Subject:  Re: Medicare, anyone? Date:  10/20/2012  5:49 PM
Author:  fleg9bo Number:  17991 of 19821

I think that means he will dismantle the US Postal Service and sell parts of the business for $1 to his "business associates" (I have friends who own postal services!). Ditto the Dept of Education (I have friends who own for-profit schools!). The Dept of Energy (I have friends who own energy companies!). Dept of HHW (I have friends who own tenements and for-profit hospitals, and who make the 47% sing for their supper!). The FDA (I have friends who own drug companies!). The EPA (I have friends who pollute, with my permission of course!).

Well, that's certainly the MSNBC version, swallowed by folks who know nothing about the way economies and businesses operate. Here's a more rational look:

"When large-scale hostile takeovers appeared in the 1980s," Messrs. Holmstrom [MIT economist] and Kaplan [U of Chicago economist] write, "many voiced the opinion that they were driven by investor greed; the robber barons of Wall Street had returned to raid innocent corporations. Today, it is widely accepted that the takeovers of the 1980s had a beneficial effect on the corporate sector and that efficiency gains, rather than redistributions from stakeholders to shareholders, explain why they appeared."

In the 1980s, the resilient U.S. economy saved itself from becoming Europe. Bain was part of the rescue.

Arguably, the primary force that set off the 1980s upheaval in U.S. corporate restructuring