Thanks Willard, you've done enough already

Sez yer Gleaner in CityLife:

Bain called itself a "venture capital" firm. But the sort of capitalism it was practicing had nothing to do with attracting capital to increase America's industrial capacity, finance emerging technologies, develop innovative new products or otherwise create jobs and economic growth and add value to society and improve the quality of life for the nation and its citizenry.

The only thing remotely innovative about Bain was that it reflected a then fast-growing leveraged-buyout trend. And the type of capitalism, if it can even be called that, practiced by Romney didn't add wealth to the economy but rather skimmed wealth from it.

...

Eroding wages, dwindling or nonexistent benefits and an overall decline in job quality have bedeviled American workers for decades. That is not the fault of one person. But Mitt Romney arguably bears as much responsibility for the collapse of the middle class as any individual American.

Oh, and yes, the Bain documentary is indeed must-see TV. Two thumbs way up.

In other news about insufferable Republicans and their unbreakable identity with the 1 percent, ICYMI, here's Romney apologist John Sununu suggesting Las Vegas's very own bitchy little area megalomaniac, Sheldon Adelson, is "not so bright."

 

Eh, Sununu's the one who's not so bright. The elite investment community takes one and only one factor under consideration when measuring an investment decision: How much money can they steal from everybody else?

You'd think if anybody would appreciate that, it would be a Willard mouthpiece. Jeesh.

Comments

[RussBBinVegas@aol.com]

Yet again, you have to wonder how any actual working American can vote Republican, when it's just so bald what these guys want: stiff us all with minimum wage and no benefits while they skate home with the hundreds of millions. My favorite was the part where Willard speaks surrender-monkey French. Not sure how helpful that's gonna be when he's directing the La Jolla tear-down. Is it just me or is there something vaguely unsettling about all those handsome Romney sons. Showing off perfect dental work on cue for the cameras at the wonderful Iowa 8-vote victory party then the same thing identically & creepily all over again in New Hampshire. Methinks them Romney juniors sure do love them their trust funds Dad set up and it obviously "wasn't convenient" for any of 'em to perform military service. Yeah they're easier to look at after fatso Newt, but at what price.

[Observer]

This is the worst Presidential field of candidates ever, according to Republican strategists. See the pungent remarks on

Capitol Hll Blue

[Goldy]

I have long stated here that I would like to have to pay $1 million in taxes. The thinking being that if I paid $1 million in taxes, I made at least $3 million in income! Now I REALLY want to pay $1 million in taxes because if I am as fortunate at Mitt Romney, I will have made $6.6 million! (according to Mitt, his effective tax rate is 15%.) http://online.wsj.com/article/SB10001424052970203735304577167282950708736.html?mod=WSJ_hp_MIDDLENexttoWhatsNewsTop Sure, it may not be direct income, but a rose by any other name--carried interest, capital gains--doth smell as I could borrow against it and/or have the same buying power.

Buffett expressed the flaw in the progressive income tax system: the middle class pays something, the rich pay a little more, and the really, really rich pay less.

And with the estate or "death tax" at such a low rate, you can inherit a bunch of money, and if you derive the buying power from something other than direct income, you pay a rate less than a middle class family.

What rich people don't seem to know is they are getting a phallic infusion from the really rich. Ergo, it's not the 1% that is the issue, it's the .3%!

So join with me, other .7%! WE ARE THE 99.7% ERS!! Let's Occupy Our Country Club! The really rich people don't even go to private clubs; they own their own!

Anyhow, I don't dislike Mitt Romney because he's Mormon or because he was at Bain Capital. It's because he was born into wealth, became wealthier because he could afford to take risks the rest of us couldn't, and then when he's in a position to help, he pulls up the ladder behind him. Anyone paying more that a 15% effective tax rate should be offended that anyone would fight to protect this system.

So those of you making $1 million to $50 million annually, welcome to the 99.7%!