2012 US Election -- Round 2

Post by **kiki5711** » Sat Sep 22, 2012 12:09 am

August 31, 2012 |

Matt Taibbi Reveals How Romney Made His Fortune -- It Ain't Pretty, and He Shouldn't Be Proud of It
"Earned" is a very generous way to put it.

Editor's note: The following is a transcript of a Democracy Now! interview with Rolling Stone contributing editor Matt Taibbi, whose recent article in the magazine gets to the bottom of Mitt Romney's enormous wealth.

A new article by reporter Matt Taibbi in Rolling Stone sheds light on the origin of his fortune, revealing how Romney’s former firm, Bain Capital, used private equity to raise money to conduct corporate raids. Matt Taibbi writes, quote, "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," Taibbi writes. He goes on to say, "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."

Well, Matt Taibbi joins us now, contributing editor for Rolling Stone magazine. His most recent in-depth piece called "Greed and Debt: The True Story of Mitt Romney and Bain Capital," author of the book also, Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History .

http://www.alternet.org/election-2012/m ... houldnt-be

Post by **kiki5711** » Sat Sep 22, 2012 12:16 am

Ian wrote:This is just too bizarre for me not to share with Ratz...

http://www.upworthy.com/seriously-did-m ... ters?c=cp2
http://thenewcivilrightsmovement.com/1- ... 9/20/49346

If this is true, let me just say...

Post by **kiki5711** » Sat Sep 22, 2012 2:31 am

Post by **kiki5711** » Sat Sep 22, 2012 2:33 am

Post by **kiki5711** » Sat Sep 22, 2012 2:37 am

Post by **kiki5711** » Sat Sep 22, 2012 2:44 am

Coito: You're missing the context. He was referring to the very poor, who already have government assistance.

The ones you're talking about DO NOT AMOUNT TO 47%. And even if it did amount to 47%, isn't there something wrong with that picture? 47% of American's too poor to feed and shelter their families, so they depend on government assistance? It's the sound of a "third world country".

Post by **kiki5711** » Sat Sep 22, 2012 2:59 am

Detroit, Michigan -----ghost town.

The Packard Plant

Book-Cadillac Hotel became the largest abandoned building downtown

When Detroit’s awe-inspiring Michigan Central Station was built in 1913, it was the tallest railway station in the world

Enduring image of forgotten Detroit – and the Rust Belt in general – is the abandoned steel mill, that omnipresent vestige of dereliction that symbolises a lost industry.

Post by **Tero** » Sat Sep 22, 2012 3:08 am

I think I get it. All we need is to get Romney elected. His rich buddies lend him 100 trillion, he buys China. Then he gets China to pay oir debt to China. We're clear!

Post by **Kristie** » Sat Sep 22, 2012 3:22 am

Tero wrote:I think I get it. All we need is to get Romney elected. His rich buddies lend him 100 trillion, he buys China. Then he gets China to pay oir debt to China. We're clear!

Post by **laklak** » Sat Sep 22, 2012 3:33 am

Makes as much sense as printing 40,000,000,000 a month to pay them.

EDIT - missed out three zeros there.

Post by **kiki5711** » Sat Sep 22, 2012 4:09 am

Enough lip service. The GOP/TP say they are working to create jobs but actions speak louder than words. They have presented ZERO job bills and have BLOCKED Obama's job bill and TEN other Democrat Job bills including the one to STOP OUTSOURCING OUR JOBS! politicalticker.b...

Post by **Coito ergo sum** » Mon Sep 24, 2012 4:55 pm

kiki5711 wrote:
Coito: You're missing the context. He was referring to the very poor, who already have government assistance.
The ones you're talking about DO NOT AMOUNT TO 47%. And even if it did amount to 47%, isn't there something wrong with that picture? 47% of American's too poor to feed and shelter their families, so they depend on government assistance? It's the sound of a "third world country".

47% are those that don't pay federal income taxes. They aren't too poor to feed and shelter their families.

Post by **Coito ergo sum** » Mon Sep 24, 2012 4:57 pm

kiki5711 wrote:Detroit, Michigan -----ghost town.

Very true. Detroit is a pit, thanks to nearly 50 years of mismanagement, graft, corruption and primarily the Coleman A. Young administration. It's a crying shame, but Detroit is a shithole, through and through.

Post by **Coito ergo sum** » Mon Sep 24, 2012 5:00 pm

kiki5711 wrote:

Enough lip service. The GOP/TP say they are working to create jobs but actions speak louder than words. They have presented ZERO job bills and have BLOCKED Obama's job bill and TEN other Democrat Job bills including the one to STOP OUTSOURCING OUR JOBS! politicalticker.b...

Democrats blocking Republican jobs bills: http://wrapyourheadaround.com/2011/11/0 ... obs-bills/

Post by **Warren Dew** » Tue Sep 25, 2012 1:44 am

kiki5711 wrote:Detroit, Michigan -----ghost town.

Thanks to decades of Democrat mayors, yes.

rationalia.com

2012 US Election -- Round 2

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