Lost in this election is one very simple reason why Mitt Romney would not be a good president: he made most of his money off of driving companies into debt.
But what most voters don't know is the way Mitt Romney actually made his fortune: by borrowing vast sums of money that other people were forced to pay back. This is the plain, stark reality that has somehow eluded America's top political journalists for two consecutive presidential campaigns: Mitt Romney is one of the greatest and most irresponsible debt creators of all time. In the past few decades, in fact, Romney has piled more debt onto more unsuspecting companies, written more gigantic checks that other people have to cover, than perhaps all but a handful of people on planet Earth.
By making debt the centerpiece of his campaign, Romney was making a calculated bluff of historic dimensions - placing a massive all-in bet on the rank incompetence of the American press corps. The result has been a brilliant comedy: A man makes a $250 million fortune loading up companies with debt and then extracting million-dollar fees from those same companies, in exchange for the generous service of telling them who needs to be fired in order to finance the debt payments he saddled them with in the first place..
If Romney pulls off this whopper, you'll have to tip your hat to him: No one in history has ever successfully run for president riding this big of a lie. It's almost enough to make you think he really is qualified for the White House.
Indeed.
The video below surfaced recently from Mitt's days at Bain which confirms this.
Harvest them at a significant profit...wow.
2 comments:
Pull the plank out of your own eye first, moron.
Someday, if you work really hard, you could write a liberal blog paragraph equal to this. Maybe.
"The religious nuts and Dixieland ignoranti will demand the expulsion of all non-extremists and Karl Rove will be left at the Nascar track with Honey Boo Boo on his lap and a dwindling "base" of shrieking microcephalics awaiting the second coming of Adolf Hitler in a green satin Mountain Dew race-day jumpsuit."
http://kunstler.com/blog/2012/09/in-full-flight.html
But instead, you cut and paste a link to a snippet with a link to the original. Do you get a royalty on click-throughs or are you just that lazy?
Try thinking of something original. Then when you emerge from that self-induced psychogenic shock trauma, write it down.
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