David Stockman On Mitt Romney: 'He Was A Master Financial Speculator'
That Mitt Romney had a successful tenure as CEO of Bain Capital doesn’t mean he’ll be able to turn the economy around, according to an ex-Reagan budget director. Instead, he says, it’s just evidence that the financial system is rigged,
In an op-ed in The Daily Beast, David Stockman argues that the Romney campaign’s refrain is “dead wrong" -- the refrain being that the Republican candidate is prepared to help the sputtering U.S. economy because he transformed struggling companies and created jobs. Instead, Stockman says, it’s “crony capitalism” and central bank help that’s made gambling on failing companies a relatively safe bet.
“Mitt Romney was not a businessman,” he wrote. “He was a master financial speculator who bought, sold, flipped, and stripped businesses.”
Stockman goes on to write: “Bain’s billions of profits were not rewards for capitalist creation; they were mainly windfalls collected from gambling in markets that were rigged to rise.”
Beneath the Etch a Sketch: 5 Signs That Romney's Real Ideology is Crony Capitalism
If you look beyond Romney's stump remarks -- dig beneath the Etch A Sketch -- to the structure of his campaign and the details of his policy proposals, it appears that Romney's true ideology is not small-government conservatism, or social conservatism, or pragmatic centrism. Instead, it is a brazen brand of crony capitalism. On a surprisingly wide range of issues, Romney is poised to tailor policy and government spending in ways that would reward his rich friends and donors, as well as his own family, and, in some cases, cause harm to the country.
Here are five key pieces of evidence:
1. Expanding the Romney family business (expanded in article)
2. Enabling ripoff colleges (expanded in article)
3. Shielding Wall Street abuses (expanded in article)
4. Doing the coal industry's bidding (expanded in article)
5. Creating the Romney policy braintrust (expanded in article)
People in Washington who are willing and able to spend $10,000 to attend a political fundraising event tend to be lobbyists for corporations. So the Romney policy event likely consisted largely of corporate lobbyists talking to other corporate lobbyists. If these same policy advisers became policy officials in a Romney administration, they would almost certainly lean heavily in favor of the industries they would be charged with regulating.
Don't you remember when Stockman took grief really early in the Reagan administration for not toeing the line. He has been a loose cannon for decades and not a Republican.
Thomas Sowell: There are no solutions, just trade-offs.
Insert standard "RINO" / "shoot the messenger" drivel here: _______________________________________
A wise man keeps his mind open so that he may know when he is wrong.
Value your elders, They always have somthing to teach you.
The day I stop learning, Is the day I die! G.Mcf.W a man of his word.
Wonder what Stockman's take would be on Obuma - you know the guy who never had a business nor knows how to run a business.
IN NOVEMBER 2014, WE HAVE A GOLDEN OPPORTUNITY TO CLEAN OUT THE ENTIRE HOUSE AND ONE-THIRD OF THE SENATE! DONT BLOW IT!
“When white man find land, Indians running it, no taxes, no debt, plenty buffalo, plenty beaver, clean water. Women did all the work, Medicine man free. Indian man spend all day hunting and fishing; all night having sex. Only whit man dumb enough to think he could improve system like that.” Indian Chief Two Eagles
David Stockman On Mitt Romney: 'He Was A Master Financial Speculator'
Stockman goes on to write: “Bain’s billions of profits were not rewards for capitalist creation; they were mainly windfalls collected from gambling in markets that were rigged to rise.”[/size][/u][/i][/b]
Yea Rumney was pretty dumb to figure that out. No business savy whatsoever.
IN NOVEMBER 2014, WE HAVE A GOLDEN OPPORTUNITY TO CLEAN OUT THE ENTIRE HOUSE AND ONE-THIRD OF THE SENATE! DONT BLOW IT!
“When white man find land, Indians running it, no taxes, no debt, plenty buffalo, plenty beaver, clean water. Women did all the work, Medicine man free. Indian man spend all day hunting and fishing; all night having sex. Only whit man dumb enough to think he could improve system like that.” Indian Chief Two Eagles
