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Greed and Debt: The True Story of Mitt Romney and Bain Capital

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knothead

knothead

For those who desire and are interested in both sides of the story.

http://www.rollingstone.com/politics/news/greed-and-debt-the-true-story-of-mitt-romney-and-bain-capital-20120829

An excerpt:

Last May, in a much-touted speech in Iowa, Romney used language that was literally inflammatory to describe America's federal borrowing. "A prairie fire of debt is sweeping across Iowa and our nation," he declared. "Every day we fail to act, that fire gets closer to the homes and children we love." Our collective debt is no ordinary problem: According to Mitt, it's going to burn our children alive.

And this is where we get to the hypocrisy at the heart of Mitt Romney. Everyone knows that he is fantastically rich, having scored great success, the legend goes, as a "turnaround specialist," a shrewd financial operator who revived moribund companies as a high-priced consultant for a storied Wall Street private equity firm. 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.



othershoe1030

othershoe1030

The article describes how Romney rolls. His campaign is falling down around his manipulative little ears like a house of cards built on a pile of sand.
He can't run a campaign. He is not good with so many moving parts. He is accustomed to being advised by his tax attorneys who are accustomed to working within the laws designed to aid their clients.

He is not good in the real world outside of his special niche of vulture capitalism. His campaign is turning on itself helped along by criticism from many conservative pundits.

Guest


Guest

Class envy. Obama has both of you brainwashed.

knothead

knothead

Me brainwashed? Hell no bro, I was for Hunstman in the primary but gotta go with what's left. I was dumbfounded that Hunstman was left at the altar but serving under the Obama administration as America's Chinese ambassador was the kiss of death. I'm for America my friend . . .

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