President Romney will Harvest YOU
As if we needed yet another self-incriminating video from Mitt Romney. This one is from 1985, when he was explaining the M.O. of Bain Capital to a group of employees:
“Bain Capital is an investment partnership which was formed to invest in startup companies and ongoing companies, then to take an active hand in managing them and hopefully, five to eight years later, to harvest them at a significant profit.”
There you have it, straight from the horse’s ass’s mouth.
That candid speech to his employees sounds a lot more genuine than his phony blubberings about “I promise to help you and your family” and “my heart aches for struggling Americans.”
Give it a rest, Asshole. Nobody believes that bullshit.
Last July, President Obama gave a similar description of Bain-style economics:
“If you're head of a large equity firm or hedge fund, your job is to make money. It's not to create jobs. It's not even to create successful businesses. It's to make sure you're maximizing returns for your investor.”
That pretty well sums it up. Do we want Gordon Gekko in the White House?
Labels: Mitt Romney 1985 video
posted by Tom Harper @ 1:33 PM
7 Comments:
There you have it -- vulture capitalism. Harvest, kill, and eat...all at a large profit, which of course you send overseas to avoid US taxes.
This comment has been removed by the author.
Something Romney left out.
"Of course, after the harvest workers are without jobs, the community is left with an empty hulk where commerce once buzzed, and the city, county and state are left with increased safety-net expenses and reduced revenues.
"Heh, heh, heh, heh.
"Bain's policy is that if taxpayers want to mollycoddle a bunch of suddenly unproductive nobodys, let them do it. That's their business, and we've got our business to run.
"Hey, they're not making off with millions; we are. Always remember that, because that's what our business is all about. We get the profits. Taxpayers get the bills."
Harvester of sorrow, language of the mad.
If the idea was to invest in companies, get them on their feet and sell them, I would have no problem with it. It turns out to be prop them up so they look good to investors, or more likely, sell off valuable assets and throw away the rest. Beginning in the Reagan years those "assets" included the employee's retirement funds.
Yes my friends and I were raped by Reagan and this "vulture capitalism". And you didn't need to work for one of those companies to experience the effects. It brought down the wages and living standards of everybody.
Jerry: Yup, you've got it dialed.
SW: LOL. I'm sure Romney has said exactly that. The only question is whether it was captured on an unreleased video somewhere.
Randal: Hmmm, those lyrics have a familiar ring...
Mr. C: Very good summary of these past 32 years.
Demeur: Another billion dollars for Wall Street, another blighted neighborhood full of unemployed people and foreclosed houses.
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