FAIR USE NOTICE

A BEAR MARKET ECONOMICS BLOG SITE

OCCUPY REVOLUTIONARY CHANGE

OCCUPY THE ROAD TO POTUS

FAIR USE NOTICE

This site may contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in an effort to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. we believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law.

In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml

If you wish to use copyrighted material from this site for purposes of your own that go beyond ‘fair use’, you must obtain permission from the copyright owner.

FAIR USE NOTICE FAIR USE NOTICE: This page may contain copyrighted material the use of which has not been specifically authorized by the copyright owner. This website distributes this material without profit to those who have expressed a prior interest in receiving the included information for scientific, research and educational purposes. We believe this constitutes a fair use of any such copyrighted material as provided for in 17 U.S.C § 107.

Read more at: http://www.etupdates.com/fair-use-notice/#.UpzWQRL3l5M | ET. Updates
FAIR USE NOTICE FAIR USE NOTICE: This page may contain copyrighted material the use of which has not been specifically authorized by the copyright owner. This website distributes this material without profit to those who have expressed a prior interest in receiving the included information for scientific, research and educational purposes. We believe this constitutes a fair use of any such copyrighted material as provided for in 17 U.S.C § 107.

Read more at: http://www.etupdates.com/fair-use-notice/#.UpzWQRL3l5M | ET. Updates

All Blogs licensed under Creative Commons Attribution 3.0

Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 Unported License.

Thursday, July 26, 2012

Vampire Capitalism: When Mitt Romney Came to Town

Crooks and Liars 
Go Home


July 13, 2012 08:00 AM

When Mitt Romney Came to Town

By Diane Sweet



Mitt Romney. Was he a job creator or a corporate raider?

That's the question this film answers.

And it's not pretty...

Mitt Romney was not a capitalist during his reign at Bain. He was a predatory corporate raider. His firm didn't seek to create value. Instead, like a scavenger, Romney looked for businesses he could pick apart. Indeed, he represented the worst possible kind of predator, operating within the law but well outside the bounds of what most real capitalists consider ethical.

He is exhibit number one the left wants to use in the coming election to give capitalism a bad name.

He and his friends at Bain were bad guys. Any real capitalists should disavow Romney's 'creative destruction' model that made him wealthy at the expense of thousands of American jobs.

Mitt Romney and his cronies pioneered 'deindustrialization,' a process by which they searched out vulnerable companies, took them over, loaded them with debt, and collected obscene fees while doing so. He sent jobs overseas or killed them altogether, and then picked apart the remains - including pension funds - before the companies went bankrupt.

Some might call that the free market. Most of us think its just plain wrong.
If you wonder why America has lost so many manufacturing jobs overseas, look no further than Mitt Romney -- the King of Bain.

Think you know Mitt?

Think again...

[Via]

Tags: #1%, Bain Capital, bankruptcy, corporate raider, Destruction, Election 2012, Jobs, Mitt Romney, Overseas, Predator, wealthy
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)