Cutting Through The Crap

Monday, November 5, 2012

Romney Knows Business



I'd heard the name Delphi floating around, but with all the other outrages, I'd not paid a lot of attention. I should have:
Mitt Romney and his partners made a killing on the GM bankruptcy by gaining control of bankrupt parts supplier Delphi, then threatening to withhold components critical to the production of GM vehicles. Romney's business partners were willing to force GM into liquidation and cause a national economic calamity unless they got more money. In the end, the Romney investor group got what it wanted and earned a profit of more than 3,000 percent on its initial investment. 
This is the real Romney, a man who objected to the rescue of the domestic auto industry, then made astronomical profits after his business partners threatened the survival of GM. A man who lies about Chrysler moving jobs to China, when his history at Bain Capital, the private equity firm he founded, shows that he has invested in Chinese factories where workers are grossly exploited. Romney won't even act to stop the Sensata factory in Illinois, in which he is an investor, from closing the doors and moving to China the day before the election. 
Mitt Romney won't come clean on Chrysler, won't come clean on his Chinese investments and threatened the restructuring of GM for his own profit. That is the picture of a me-first hedge-fund investor, not someone who has the judgment or character to be President of the United States.
"Squeaky clean," a reader calls him.

As I (and many others) have said: Mitt Romney's "business experience" has no more to do with managing the US economy than Al Capone had to do with managing the temperance movement. He's a single-minded self-promoter and profiteer with no convictions he won't change, for expediency's sake, at a moment's notice; other than the one that tells him of his entitlement. But, you know, he didn't take a salary as governor of the state he left at 48 out of 50 in job creation, so he's a good guy.

I really don't like the man, in case you can't tell. There's never been a more undeserving or dishonest major candidate for president, and if he wins we don't deserve to persist as a country. Which is lucky; because we might not.

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