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

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

    Matt Taibbi at his best!

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

    How the GOP presidential candidate and his private equity firm staged
    an epic wealth grab, destroyed jobs – and stuck others with the bill


    By MATT TAIBBI
    August 29, 2012 7:00 AM ET


    Illustration by Robert Grossman

    The great criticism of Mitt Romney, from both sides of the aisle, has always been that he doesn't stand for anything. He's a flip-flopper, they say, a lightweight, a cardboard opportunist who'll say anything to get elected.

    The critics couldn't be more wrong. Mitt Romney is no tissue-paper man. He's closer to being a revolutionary, a backward-world version of Che or Trotsky, with tweezed nostrils instead of a beard, a half-Windsor instead of a leather jerkin. His legendary flip-flops aren't the lies of a bumbling opportunist – they're the confident prevarications of a man untroubled by misleading the nonbeliever in pursuit of a single, all-consuming goal. Romney has a vision, and he's trying for something big: We've just been too slow to sort out what it is, just as we've been slow to grasp the roots of the radical economic changes that have swept the country in the last generation.

    The incredible untold story of the 2012 election so far is that Romney's run has been a shimmering pearl of perfect political hypocrisy, which he's somehow managed to keep hidden, even with thousands of cameras following his every move. And the drama of this rhetorical high-wire act was ratcheted up even further when Romney chose his running mate, Rep. Paul Ryan of Wisconsin – like himself, a self-righteously anal, thin-lipped, Whitest Kids U Know penny pincher who'd be honored to tell Oliver Twist there's no more soup left. By selecting Ryan, Romney, the hard-charging, chameleonic champion of a disgraced-yet-defiant Wall Street, officially succeeded in moving the battle lines in the 2012 presidential race.

    Like John McCain four years before, Romney desperately needed a vice-presidential pick that would change the game. But where McCain bet on a combustive mix of clueless novelty and suburban sexual tension named Sarah Palin, Romney bet on an idea. He said as much when he unveiled his choice of Ryan, the author of a hair-raising budget-cutting plan best known for its willingness to slash the sacred cows of Medicare and Medicaid. "Paul Ryan has become an intellectual leader of the Republican Party," Romney told frenzied Republican supporters in Norfolk, Virginia, standing before the reliably jingoistic backdrop of a floating warship. "He understands the fiscal challenges facing America: our exploding deficits and crushing debt."

    Debt, debt, debt. If the Republican Party had a James Carville, this is what he would have said to win Mitt over, in whatever late-night war room session led to the Ryan pick: "It's the debt, stupid." This is the way to defeat Barack Obama: to recast the race as a jeremiad against debt, something just about everybody who's ever gotten a bill in the mail hates on a primal level.

    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.

    Read MUCH more: http://www.rollingstone.com/politics...#ixzz25HNAkWXg
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    If a communist, that studied in Russia and worked for one of their propaganda machines after that, attacks Romney that is more reason to vote for him. He says he worked there to get around the American Libel Laws. In other words he wanted to be able to print lies. Not exactly a good source unless used as a reverse barometer.

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    This pretty damn amazing 2-hour movie raises awareness of the whole NWO conspiracy, puts it all in perspective, identifies the bad guys, and provides a solution.

    http://www.thrivemovement.com/the_movie
    Dogma schmogma

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    Quote Originally Posted by shred View Post
    If a communist, that studied in Russia and worked for one of their propaganda machines after that, attacks Romney that is more reason to vote for him. He says he worked there to get around the American Libel Laws. In other words he wanted to be able to print lies. Not exactly a good source unless used as a reverse barometer.
    You mean Matt Taibbi?

    Taibbi is the best damn political-economics muckraker in the media today.
    He goes after Obama with equal veracity as relates to Wall Street >>
    Last edited by DDutton; September 2nd, 2012 at 01:09 PM.

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    I just read his Bio and he said he chose to work in Russia to get around American Libel laws. The translation of that is he wanted to be able to print lies about people without being able to be held financially responsible. I don't think anybody needed to be informed Obama is a puppet of Wall Street and BP for that matter. His actions have screamed that to everyone. Of course there are always hypocrites on both sides willing to ignore transgressions by their guy no matter how heinous. They will still give their guy a pass no matter how much evidence is given to them.

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