Tag Archives: romney

Business/Economics, International, U.S.

No True Economic Recovery: Renowned Economist says this is totally the Banks’ fault, nothing can be done by governments, working class been paying for it, it’s called Deleveraging and it’s a sign we’re in a “Terminal Downturn”!

Steve Keen is Professor of Economics & Finance at the University of Western Sydney, Australia.  He was named by Forbes as the most accurate economic forecaster in this economic disaster.  He received the Revere Award from the Real World Economics Review, also for his accurate predictions. He wrote the book Debunking Economics.

Now in a recent interview with former Wall Street broker, Timothy Maxwell “Max” Keiser, Keen says there is nothing governments can do to save the economy, because it is actually an inherent part of the banking system’s sinister operations!

No amount of tax increases, or government spending cuts (austerity), or government spending increases (Keynesian spending), or even corporate bailouts will help save the economy.  It’s called deleveraging: “The reason it hasn’t worked….this is massive deleveraging. The private sector has borrowed its way into enormous levels of debt over about 40, 50 year period….from owing about half a year’s GDP as the debt level in the 1950s to [owing] three years GDP now!”

I’ve already written about the IMF’s order to continue deleveraging of households (that’s you and me), Keen is saying this is part and parcel of the too big to fail banks policies.

Deleveraging (retracting credit) means the banks try to get rid of their debts.  Those debts include the mortgages and credit cards they’ve issued to the general public.

They deleverage households by calling in your chips, saying pay up now.  It doesn’t matter if you’re credit rating is good or not.  Many of the foreclosures involved people who had never missed payments, even people who had paid off their homes!  And deleveraging attacks corporations as well.

A recent case of deleveraging, involving a major corporation, was the shut down of Air Australia. The airline was shut down when it’s creditors (too big to fail banks) refused to leverage (issue credit) for Air Australia’s fuel purchases.

Steve Keen says the too big to fail banks are now deleveraging everyone because the too big to fail banks became addicted to debt themselves!  This goes back to the 1980s, and includes personalities like Alan Greenspan and Mitt Romney.

Keen says it’s the vulture capitalist mentality that is destroying the country: “…capitalists in euphoric states, and certainly finance capitalists…they borrow money, they gamble on asset prices, they’ll cause a bubble…of course the borrowing is badly thought out, projects don’t work, they’re ponzi schemes in many ways to begin with…you go through periods of ratcheting up levels of debt, until you get to the point that there’s so much debt the system simply can’t cope with it and you go into a terminal downturn, and that’s where we are right now.”

The 1980s saw the beginning of the trend of vulture capitalists, like Mitt Romney, using leverage (loans) to take over companies, carve them up and sell them off.  Not only did it make big money for people like Mitt Romney (while causing millions of U.S. workers to lose their jobs between the 1980s and now) it made big money for the too big to fail banks.

In steps Alan Greenspan.  The Federal Reserve is the central bank of the U.S.  It actually makes money off issuing loans to the too big to fail banks.  So, it is in the interest of the Federal Reserve to keep this game going.  It’s not about jobs at all, it’s about making money purely through loans.

Presidential candidate Ron Paul is correct about the Federal Reserve being part of the problem, because Keen says Greenspan is responsible for what is about to become the biggest depression ever: “…Alan Greenspan turned what would have been a garden variety small depression, back in 1987, into the biggest depression in human history by rescuing the financial industry from each of its mistakes.  Which simply meant that it [finance industry] would go looking for another social class to lend money to, expanding the level of debt…If the central banks hadn’t been trying to rescue us from each of the individual financial crisis we would’ve had a minor depression…we’re now in for the biggest of all time…now we’re dealing with the biggest financial crisis ever, and we can certainly blame the central banks for the scale of it.”

Keen also discovered, while working through his mathematical models, that when the shit hits the fan it’s not the banks and vulture capitalists who pay for the debt they themselves created, it’s the working class: “…So, as the level of debt rose, it wasn’t the capitalists who paid for it, even though they were the ones doing the borrowing, it was the workers in terms of their income share…the ones who are now paying for it through austerity actually are the ones who’ve been paying for it through a lower share of income, not the capitalists….” 

Here’s what Keen had to say about the too big to fail banks: “Having a large financial sector is a sign of a sick economy.”  Because banks represent finance capital and “…finance capital doesn’t make money!”  Keen explained that banks are there to help true industries operate, and make money the old fashioned way, by earning it through providing products or services.  In other words you should not have too big to fail banks making up the majority of your country’s GDP, which is in fact what’s happening in the U.S.

Towards the end of Keen’s interview with Max Keiser, he predicted that Australia’s economy will begin to crash within six to 12 months, and he thinks the Australian government will attempt the same pro-bank, anti-worker, rescue policies as that of the United States.  Keen calls the U.S. policy “…rescuing the parasite [banks, Romney style capitalists, etc] rather than rescuing the host [true industries, working class].”

In the early 1990s Keen came up with an economic model that takes into account vulture capitalist debt financing.  He used mathematical chaos theory to prove what film maker Oliver Stone tried to warn about in his movie Wall Street: Mitt Romney style capitalism doesn’t work, and doesn’t create more jobs in the long run.  Back in 1993 Keen warned that any apparent tranquility caused by the out of control crony capitalist debt financing was actually “…the lull before the storm.” 

Check out debtdeflation.com

 

 

 

 

Business/Economics, International, U.S.

Who’s the official “Best Friend of the American Worker”? China. Mitt Romney has short memory, makes hypocrite of himself.

Former Massachusetts governor, Mitt Romney, has blasted China’s trade policies with the U.S., but China has just won a Massachusetts award for being the Best Friend of the American Worker!

On March 2, 2012, Chinese Premier, Wen Jiabao, was given the award in Boston by the International Longshoreman’s Association.  For what? For appreciation of China’s strong support of job growth for U.S. workers!

Here’s the thing, while Mitt Romney was governor of Massachusetts he actually wooed the Chinese to invest in that state.  In fact, at the end of 2003 Romney gave Wen a tour of Boston!

Another thing. Romney has also made a fool of himself.  He has repeatedly stated that China is costing the U.S. millions of jobs every year.  But here’s a sobering fact: U.S. exports to China increase year after year.  That means more jobs created in the U.S. to meet those export demands from China.

How much have exports to China grown?  According to the U.S.-China Business Council, U.S. exports to China skyrocketed 468% between 2000 and 2010!!!   Now you know why China is officially “Best Friend of the American Worker”.

 

International, U.S.

Lessons for the Occupy Movement from the Egyptian January 2011 Revolution: #1; Peaceful Protest does not Work!!!

“We will not be silenced! Whether you’re a Christian, Muslim or Atheist you will get back your goddamn rights!  We will have our rights, one way or another! We will never be silent!”-Egyptian revolutionary

Peaceful protest does not work.  If you take certain U.S. university Political Science courses on revolutionary countries, or history of terrorism courses, you’ll learn of studies that show that peaceful protests always fail.  Most of these U.S. university courses are aimed at students who want to be public administrators, or law enforcers.  Why?  Because the courses teach them how to keep “the people” down!

“I am six months pregnant! I’m ready to die with my child so Egypt would live!”-Egyptian Revolutionary

Was the Egyptian January 2011 Revolution peaceful?  Hell no!  Not only were the police, and pro-Mubarak thugs, violent, but protestors finally fought back. Egyptian protestors used rocks, sticks, trash can lids and even their own bodies, to fight against guns and bombs.

If you want proof just watch videos of the Battle for Qasr al-Nil Bridge, in which police hit protestors with rubber bullets, tear gas and water cannons, even when they were praying, and then repeatedly rammed their armored vans into the crowds.  Watch the violent reaction of the protestors, attacking the armored vans with their bare hands, lifeless bodies being carried away, finally taking the Bridge!

If that’s not enough, watch the many videos from Tahrir Square, in which protestors and police (backed up by pro-Mubarak thugs), spent days in a back and forth of violence!

I watched the January Revolution from day one, many days not getting any sleep because I did not want to miss anything (and I was in communication with some revolutionaries via the internet).  Despite the myth that it was peaceful, it was not.  The protestors definitely started out peaceful, and that’s just what those in power want.

Studies have shown that those in power will violently suppress even the most peaceful protests, because it works!  If they get resistance, they will increase the violence they use on the protestors.  However, the same studies show that the power elite have a short window of time to successfully put down a revolution.  If protestors can withstand the violent crackdown, and even fight back, it will weaken the power elite.  The longer the people can resist attempts by elites to put them down, the weaker the elites get!

As the elites grow weak that is not the time to back off and make concessions. Again, that’s what the elites want. The Egyptians pushed and pushed, and the elites (well, Mubarak anyway) finally fell.

The peaceful U.S. Civil Rights protests of the early 1960s is not what got the Civil Rights laws passed.  It was the violent revolutions of black Americans before and after Martin Luther King Jr was assassinated, that forced the white Americans to give in!

Research the insurgencies (race riots) in Watts 1965, Jersey City 1964, Elizabeth 1964, New York/Harlem/Rochester 1964, Dixmoor/Chicago 1964, Philadelphia 1964, Cleveland 1966, Benton Harbor 1966 (put down by Mitt Romney’s father George Romney), Tampa 1967, Buffalo 1967, Newark 1967, Detroit 1967, Plainfield 1967, Cairo 1967, Washington DC 1968, Baltimore 1968 (caused by King Jr’s assassination), Chicago 1968 (caused by King Jr’s assassination), Kansas City 1968 (caused by King Jr’s assassination), Louisville 1968 (caused by King Jr’s assassination).  It was those violent uprisings, and others into the early 1970s, which scared the crap out of the white power elite, and they caved and passed Civil Rights laws.  Also, research the creation of the Black Panthers and MOVE.

And don’t get me started on Mohandas Karamchand Gandhi, he was no peace lover!  He just knew how to manipulate.  The Hindus presented themselves to the British as obedient sheep, to the point of doing nothing while the Red Coats beat, shot and stabbed them.  Yet the Hindus were attacking Muslims, provoking Muslims to fight, and then the Hindus would tell the British ‘you see you can’t trust those violent Muslims, give us control of India’.

By the way look what happened to Gandhi’s peace loving wife; assassinated by her own body guards after she ordered the killing of Muslims and the destruction of a Sikh temple!

When I was taking video/film production classes at Allan Hancock College, in Santa Maria, California (back in the early 1990s), I attended a journalism seminar.  At the seminar I listened to a lecture by a retired lobbyist.  The guy spent a couple of decades lobbying elected officials at the state capitol in Sacramento.  He said: “The only way you get action out of elected officials is with money or violence.”

He went on to explain that in his years at the state capitol the only time the politicians truly listened to “the people” was when they had money to offer, or were rioting in the street!  He stressed that those people who peacefully demonstrated were essentially blown off by the elected officials.

Most elitist politicians rationalize that if an issue isn’t bad enough to get people causing violence in the street, then it must not be an issue at all!

“I would rather die with pride than live without it!”-slogan used by Egyptian Revolutionaries

The point is, peaceful protest is a myth created by the power elite to fool the masses.  The only time real change is ever made in societies is through violence.  By the way, that’s how the United States of America came into being!

More to follow…..

Business/Economics, Idaho, U.S.

Hey Mitt Romney, where are those safety nets? U.S. Child Citizens refused food because their parents are not U.S. citizens!

The Southern Poverty Law Center says children, who are U.S. citizens, are being refused food because their low income parents are not U.S. citizens.  Some parents are U.S. citizens, but are being told to “Go back to Mexico” because of their Latino origins.

The SPLC says this is taking place in the state of Alabama.  Alabama, like Idaho, changed the rules for being approved for food stamps; they only count the children in the family, not the healthy (able to work) adults.

However, the SPLC says they know of at least five cases where children, who are U.S. citizens, were denied food stamps because the parents, who are not supposed to be counted under the new rules, are not U.S. citizens.

The SPLC has already filed two lawsuits against Alabama, over its immigration laws, and will likely file a third lawsuit based on the latest revelations of U.S. child citizens being denied food.

…there before me was a black horse! Its rider was holding a pair of scales in his hand. Then I heard what sounded like a voice among the four living creatures, saying, “A quart of wheat for a day’s wages, and three quarts of barley for a day’s wages, and do not damage the oil and the wine!”

 

Business/Economics, Idaho, U.S.

Black Horse & Poverty: 2 million people homeless in the United States! Homeless children increasing fast. HR 1734 & Private property developers part of the problem. Hey Mitt Romney, where are those safety nets?

“Many of the families with children are now homeless, having to live out of cars and things like that. We believe today that 40% of the homeless, in Washington [DC] are women with children, or families with children!”-David Treadwell, Central Union Mission

The National Law Center of Homelessness and Poverty (NLCHP) says that more than two million U.S. citizens are now homeless!!!

Most federal and state (in those states that have their own social programs separate from federal) government social programs have been gutted (mainly by those compassionate Republicans, like in Idaho), and privately run charities say they are getting swamped by more and more people needing help every year: “…it’s a big problem, and it’s a bigger problem in 2012 than it was in 2008! It is not going away…”-David Treadwell, Central Union Mission

To make matters worse, the U.S. Congress is considering a bill that would actually create more homeless people.  The bill, called HR 1734 in the House, would give power to private property developers to take over public land, and buildings, now used for low income and homeless people!

The federal government is so desperate for cash that they want to sell off federal property, including that used to help poor people, in order to raise the cash to pay the government’s debts.  The irony of HR 1734 is that it will actually cost the federal government an estimated $82 million to implement!  Sounds like more Mitt Romney style capitalism to me.

…there before me was a black horse! Its rider was holding a pair of scales in his hand. Then I heard what sounded like a voice among the four living creatures, saying, “A quart of wheat for a day’s wages, and three quarts of barley for a day’s wages, and do not damage the oil and the wine!”

 

Business/Economics, International, U.S.

What Economic Recovery? IMF says no such thing for the United States! Blame your Elite leaders! De-leveraging will continue until the economy improves, and that means you!

And he causesth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: and that no man might buy or sell…

When an individual is deleveraged, it means they can no longer buy or sell using credit/debit cards, or even checks, as their accounts have been frozen.

January 24, 2012, the International Monetary Fund released some reports concerning economic recovery.  It’s not good, in fact for the average person it ain’t gonna happen.

“The global recovery is threatened by intensifying strains in the euro area and fragilities elsewhere. Financial conditions have deteriorated, growth prospects have dimmed, and downside risks have escalated.”

They not only blame it on the economic/financial disaster slowly unfolding in Europe, but the IMF blames U.S. business and government leaders as well.

“…risk arises from insufficient progress in developing medium-term fiscal consolidation [this is another way of saying ‘downsizing’ spending, or, more business closings and layoffs are needed, ie Mitt Romney style of capitalism] plans in the United States…”

“…as long as public debt levels are projected to rise over the medium term, and in the absence of well-defined and credible fiscal consolidation strategies, there is the possibility of turmoil in global bond and currency markets. A more immediate risk is that an accident-prone [a nice way to say our leaders are incompetent] political economy will lead to excessive fiscal tightening in the near term in the United States.”

If U.S. warmongering over Iran actually stops the oil flow then it’s guaranteed things will get worse: “The oil market impact of intensified concerns about an Iran-related oil supply shock (or an actual disruption) would be large…”

The IMF is pushing “deleveraging”, or the reduction of debt, held by governments, companies, banks and “households”, as a major part of stabilizing the world economy.

Deleveraging has already hit U.S. households in the form of the mortgage fiasco, as well as credit card companies (too big to fail banks) arbitrarily canceling credit for individuals and small businesses.

Remember, those too big to fail banks got bailed out when they were faced with “deleveraging”, but do we get bailed out when they forcefully deleverage us?  Hell no!

The IMF says deleveraging of households (meaning most of you. I’ve already been arbitrarily deleveraged having never missed a payment, never been late with a payment, and actually paid more than the minimum due. That is until I was deleveraged) will continue until the economy improves.

“In many advanced [includes United States] economies, notably those with external deficits, the deleveraging of households is set to continue for some time.“

U.S.

Media Favoritism & Incompetence: CNN caught doctoring their interview with Ron Paul. Intentionally brow beat him, regardless of his answers, inorder to discredit him

“I understand. It’s how the system works.”-Ron Paul, as he walks off interview, letting CNN’s Gloria Borger know that he’s figured out CNN’s anti-Ron Paul agenda

CNN recently aired an interview with Ron Paul, in which they claim he stormed off after getting upset about their questions.  However, the unedited interview made it on the internet and shows that CNN was deliberately trying to upset him.

Wolf Blitzer sets up the manipulated interview by confirming with CNN’s chief political analyst, Gloria Borger, that Ron Paul has been contentious towards their questions.

But even in the edited interview you can hear Ron Paul trying to make the point that’s he’s answered the very same CNN questions before, in fact for years they’ve asked him the same questions.  See it here.

Blitzer and Borger then continue their banter by accusing Paul of running “negative” ads, never mind that Mitt Romney has run the most negative ads so far.

They go back to the interview, where Paul explains that he’s simply showing the track record of Newt Gingrich, and doesn’t consider that negative.  Paul actually criticizes CNN because the media should have been revealing to the public the behavior of politicians!

The unedited interview shows that Paul did his best to answer their questions. It’s clear that the interviewer, Borger, has a personal agenda, and Ron Paul finally figures it out and cuts the interview short, storming off.  See it, and the whole eight and a half minute interview, here.

The look on Borger’s face is interesting, as Ron Paul leaves.  Almost like someone who’s successfully accomplished a covert mission.

Business/Economics, U.S.

Corporate Deception: Mitt Romney’s Bain Capital gives campaign money to Romney and Barack Obama

You’d expect the company that Mitt Romney co-founded to fund his presidential campaign, but not to fund President Obama’s re-election bid, but that’s what is happening.

It’s been revealed that between January and September 2011, employees of Bain Capital officially gave Mitt Romney $84,500, and, they gave Barack Obama $27,500!

Not only that but so far this year, Bain Capital employees donated $123,200 to the Democratic National Committee.  Interestingly they’ve not donated any money to the Republican National Committee.  However, they did donate to a pro-Romney super PAC; $1.25 million!

To be sure, employees of Bain Capital, and other affiliated companies, have sent 75% of this years election campaign donations to the Republicans.  But, in the 2008 campaigns two thirds of their money went to Democrats!  Mmmm.

They say follow the money to get your answers, so if it matters who and where a presidential candidate gets their money from then it looks like Mitt Romney will be President.   After all, Bain Capital & Co supported Obama and the Democrats more than Romney in 2008, now it’s the other way ’round.

This is just more evidence that ‘our’ leaders are just two sides of the same coin.

Donation amounts compiled by the Center for Responsive Politics.

Corporate Evil: SEARS & KMART CONNECTED TO ROMNEY’S BAIN CAPITAL! BAIN CAPITAL WORKING WITH CARLYLE GROUP!

 

Business/Economics, Idaho, U.S.

Corporate Evil: Sears & Kmart connected to Romney’s Bain Capital! Bain Capital working with Carlyle Group!

News reports have been revealing that the Mitt Romney co-founded Bain Capital (and its affiliates) are behind many of the huge job layoffs in the United States, since the late 1980s.

Turns out that Bain Capital could be involved with the problems at Sears and Kmart!!!

In 2005, Vornado Realty Trust bought 7.5 million shares of Sears Canada. Vornado was also involved with Bain Capital in taking over Toys “R” Us, which  took over KB Toys resulting in 3,400 jobs lost.

Vornado also backed the take over of Sears by Kmart in 2005, leading to the creation of Sears Holdings Corporation.

Part of the recent list of Sears/Kmart store closings showed that several Sears stores were being converted into Kmart stores.  Is this just a Bain Capital inspired conspiracy to shut down Sears?

In another posting I showed how the demise of KB Toys, and the take over of Toys “R” Us, were part of the Mitt Romney style of ‘investing’ which results in net job losses.

In the early 1990s, Bain Capital, along with a company called Acadia Partners, bought the Coldwell Banker subsidiary from Sears.

Here’s the scary thing. In the short time I researched Romney’s creation, Bain Capital, it became clear that the so called investment company is involved in almost every corporation in the United States!

Bain Capital, along with dozens of other so called investment companies (including the infamous Carlyle Group) are systematically taking over and shutting down businesses in the United States.  Those shut downs are not based on the true performance of those companies, but on the personal desires of those involved in the so called investment companies (as I tried to explain in a previous posting). And it’s all about the money.

Of interest is the fact that Bain Capital’s 13F-HR filing, for June 2011, shows that it owns stocks in only five companies!  Their 13F-HR statement says those five companies make up 100% of their stock holdings. Pretty pathetic for such a prolific investment company!

Political Incompetence & Corporate Evil: CHRISTIAN/MORMON MITT ROMNEY CO-FOUNDED BAIN CAPITAL, WHICH HAS BEEN DESTROYING JOBS SINCE 1984! DESTROYED JOBS IN CHUBBUCK, IDAHO. DEMISE OF KB TOYS CONNECTED TO TOYS “R” US

Business/Economics, Idaho, International, U.S.

Political Incompetence & Corporate Evil: Christian/Mormon Mitt Romney co-founded Bain Capital, which has been destroying jobs since 1984! Destroyed jobs in Chubbuck, Idaho. Demise of KB Toys connected to Toys “R” Us

“Mitt Romney’s history at Bain Capital is not going to help his image as a job creator.  Now, we want to disclose that NBC Universal and Bain Capital are each a part owner of the Weather Channel.  Bain Capital’s main business model is buying companies like American Pad and Paper and restructuring [industry code for ‘slash and burn’] them.  In many instances, Bain turned a profit by strip mining these companies.  American,  AMPAD is what it’s known, the stock was driven down [on purpose by Romney, I explain a little further in the article] and the company went bankrupt.  They fired hundreds of workers along the way.”-Ed Shultz, MSNBC

MSNBC is admitting that a company affiliated with NBC, Bain Capital  co-founded by Mitt Romney, has been destroying jobs, not creating jobs as Romney claims.

In 1984 Romney co-founded Bain Capital, which grew out of Bain & Company.  The soul purpose of the company is to buy out other companies, then gut them and sell them off piece by piece. Of course this means jobs are destroyed.

Interestingly, back in October, MSNBC’s Ed Shultz actually downplayed Romney’s connection to Bain Capital.  He and some of his guests, stated that a photo published in the Boston Globe was fake: “…it’s probablly a joke photo.”

Now Ed Shultz is backpedaling.  He, along with other MSNBC anchors and reporters, are revealing that Bain Capital has been behind many of the job loses in this country since the late 1980s!

The New York Times reported that Romney left Bain Capital in 1999, but, as part of his ‘retirement package’ is making money off their continued slashing and burning of U.S. jobs.  According to the article, Romney, 13 years after leaving Bain Capital, is still making millions of dollars off his retirement package!

old kb toys pine ridge mall

Former location of KB Toys, Pine Ridge Mall, Chubbuck, Idaho

Anybody remember KB Toys? I do. I was an employee of the Chubbuck, Idaho, Pine Ridge Mall at the time they closed down the KB Toys store in that mall. By 2004 KB Toys went bankrupt and 3,400 people lost their jobs! Guess what, one of Bain Capital’s affiliated companies was behind that!!!

pine ridge mall

Fading Pine Ridge Mall, Chubbuck, Idaho

Oh, and what about Romney’s connection to Massachusetts? Romney ‘retired’ from Bain Capital in 1999.  The Bain Capital partnership took over KB Toys in 2000.  KB Toys is headquartered in Pittsfield, Massachusetts. Romney became governor of Massachusetts in 2002.  In 2003 the Bain Capital partnership started shutting down KB Toys stores. Mmmm, connection?

Here are some more examples of deals that resulted in job losses at the hands of Romney’s Bain Capital (and affiliated companies like Holson Burnes Group): Clear Channel Communications, 2,500 job cuts.

Photo album factory in South Carolina, 150 jobs lost.

Sensata Technologies, a European company with U.S. operations, several hundred U.S. employees lost their jobs.

American Pad & Paper, or AMPAD, lost 185 jobs.

The case of AMPAD reveals how Romney’s Bain Capital works.  They buy up companies in the same market, then they whittle them down until there is only one or two in the market, who then become big money makers by default.  AMPAD’s competitor was Staples. Romney touts Staples as a good example of his management skills, but what the Boston Globe found out (and reported in a 2007 article) is that Romney simply bought out competitors and shut them down until Staples was just about the only game left in town.

Now how about the KB Toys deal? KB Toys and Toys “R” Us were the top toy stores in the United States.  A company connected to Bain Capital buys out KB Toys and shuts them down.  What about Toys “R” Us? Yes there’s a Bain Capital connection.  In 2005, one year after the KB Toys bankruptcy, Toys “R” Us was taken over by KKR Group, Vornado Realty Trust and Bain Capital for $6.6 billion!  In 2009 Toys “R” Us takes over what is left of KB Toys; website, trademarks, and intellectual property rights.  Mmmm, you seeing the pattern?

This goes against the principle of the free hand of capitalist competition.  The jobs lost because companies went out of business were not actually due to any ‘poor’ performance of the employees, or lack of sales, but because the ‘investors’ Romney & Co wanted it that way!

Also, Bain Capital works the same way the rest of Corporate America does, they don’t use their own money to take over companies, they take out huge loans from the too big to fail banks that got taxpayer bailouts!

One report said Romney’s “investments” have resulted in at least 12,000 U.S. jobs lost!  It’s probably more than that, the way Bain Capital and affiliated companies shut down businesses does not result in net jobs gained, but net jobs lost!  Anybody remember Oliver Stone’s 1987 movie Wall Street?

Opinion: MITT ROMNEY CONSTITUTIONALLY INCOMPETENT. RELIGION BASED MARRIAGE LAW WILL VIOLATE CONSTITUTION.

Washington DC BS: MITT’S MYSTERY MONEY NOT EXPLAINED BY LATEST ADMISSIONS