Romney’s Economics

by

Looking at Romney’s history, we see that he increased his inherited wealth by “invest[ing] in a series of firms that specialized in relocating jobs done by American workers to new facilities in low-wage countries like China and India.”

The way Bain (Romney’s equity firm) did business meant that even when the United States based businesses that Bain controlled went bankrupt, Bain generally made money. “Bain structured deals so that it was difficult for the firm and its executives to ever really lose, even if practically everyone else involved with the company that Bain owned did, including its employees, creditors and even, at times, investors in Bain’s funds.”

Looking at Romney’s current political campaign, we see that wealthy companies support him, knowing on which side their bread is buttered. We also see that he is willing to ask Governors to lie about growth under Obama in order to make the case that Romney would do a better job.

What Romney stands for is economics (and government) for the rich, by the rich.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: