Although Romney is unlikely to admit it on the campaign trail, his much-vaunted private sector success was based in significant part on the savings of public sector workers. Romney constantly derides big government, but government is made up of individuals, whose pension funds helped make him and Bain unimaginably rich. There is no doubt that these pension funds sought the higher returns offered by private equity investing. But as the private equity business grew, the public pension funds and other capital providers have gotten the short end of the stick. They have not completely shared in the value of the franchise that is created in part by their investment in the industry. It seems odd to hear Romney criticize big government without any acknowledgment that he has made much of his fortune managing the retirement funds of many public employees.
Mitt Romney argues that his time at Bain has real significance in terms of his qualifications for the presidency… But voters need to consider whether the time he spent in single-minded pursuit of profit as a financial intermediary has prepared him to tackle the complex problems facing America, which can’t be reduced to a financial model.
If anyone actually thinks business experience makes a president a master at economics, just remember this: George W. Bush was the first president in history to have an MBA from Harvard, and both the American and the global economy are still recovering from the damage he caused.
Why is it that if you take advantage of a corporate tax break you’re a smart businessman, but if you take advantage of something so you don’t go hungry, you’re a moocher?
— Jon Stewart to Bill O’Reilly during The Rumble 2012
I love that the conservative writer of this "Mitt Romney donated 1,000 times the amount Joe Biden did to charity" very casually ignores that Joe Biden has earned about $2 million over the past decade while Mitt Romney made more than $13 million last year ALONE. →
You truly, achingly suck at spin.
Us fucking liberals.
Ann Romney is once again up on her gold-plated cross, and she’s got another message for the ingrates out there who don’t appreciate how hard it is to be her:
During an interview early this evening with Radio Iowa, Mrs. Romney directly addressed her fellow Republicans who’ve criticized her husband.
“Stop it. This is hard. You want to try it? Get in the ring,” she said. “This is hard and, you know, it’s an important thing that we’re doing right now and it’s an important election and it is time for all Americans to realize how significant this election is and how lucky we are to have someone with Mitt’s qualifications and experience and know-how to be able to have the opportunity to run this country.”
Mitt Romney and Paul Ryan.
If the reports are accurate, this is Romney going all in on the old style of Republican trickle-down economics. He wants to go with a budget person who wants to privatize Medicare and whose budget plans would raise taxes on most of us and cut them for the rich.
It’s a real serious contrast for this election. Nobody’s hiding anything here. It is the collective good of the political commonwealth against pure individualism, based out of Objectivist philosophy.
Obama supporters can’t be cocky. Ryan is slick and a D.C. darling, taken seriously despite wanting to destroy the country’s social compact. And he excites the base, when turnout rules all.
But the Obama campaign should have a high old time making attack ads with this choice.
I can’t focus on anything because his tie isn’t in place.
A protester outside David Koch’s South Hampton home where he held a fund-raiser for Mitt Romney. (photo credit: Remy McFadden)
Other noteworthy pics: