Mitt Romney, American Parasite

[jaxx]

Mitt Romney, American Parasite
His years at Bain represent everything you hate about capitalism
By Pete Kotz Wednesday, Apr 18 2012

<..> At the time, Mitt Romney had been running Bain Capital since 1984, minting a reputation as a prince of private investment. A future prospectus by Deutsche Bank would reveal that by the time he left in 1999, Bain had averaged a shimmering 88 percent annual return on investment. Romney would use that success to launch his political career.

His specialty was flipping companies—or what he often calls "creative destruction." It's the age-old theory that the new must constantly attack the old to bring efficiency to the economy, even if some companies are destroyed along the way. In other words, people like Romney are the wolves, culling the herd of the weak and infirm.

His formula was simple: Bain would purchase a firm with little money down, then begin extracting huge management fees and paying Romney and his investors enormous dividends.

<..> Yet Romney didn't learn his lesson. He seemed incapable of noticing that his brand of "creative destruction" left a lot of human wreckage in its wake. Or that voters might see him as more scumbag than saint.

http://www.villagevoice.com/2012-04-18/n...-parasite/

The bottom line was the goal. The people didn't matter, only the money.

[Andy823]

I think that this view of him will get more attention as the months go on. He can't seem to gain any momentum when it comes to being "likable", and always seems to say things he has to take back later because he doesn't take the time to actually find out the facts about what he is talking about.

I really think the right is manipulating his numbers to make him look better, like "all" republicans are going to rally behind him, but in reality that just isn't going to happen. A large number on the right won't vote for him simply because of his religion, stupid but true. Others are not going to vote for him because of what he said during the primaries about immigration, women, companies are people, etc. Romney is a spoiled multimillionaire who has it all, and he got what he has, as was stated in the article, at the expense of others. You can't try and paint yourself as a "caring" person who wants to help the countries middle class when your track record shows otherwise, it just isn't going to work, no matter how hard the right wing media tries to help him.

[Velleity]

That's why "conservatives" lie.

[azmouse]

All that money piled up is just the right height for Willard.
Doesn't matter who gets hurt, doesn't matter who or what gets destroyed.