Thus far there has been a lot of talk about "job creation" coming out of Mitt Romney's and Paul Ryan's mouth these last few days but Rolling Stone's Matt Taibbi frames it differently. Taibbi has written another wonderful piece this week in Rolling Stone Magazine, he discusses the massive "debt creation" that Romney has caused which has lead to his personal wealth.
"...And this is where we get to the hypocrisy at the heart of Mitt Romney. Everyone knows that he is fantastically rich, having scored great success, the legend goes, as a "turnaround specialist," a shrewd financial operator who revived moribund companies as a high-priced consultant for a storied Wall Street private equity firm. But 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. 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..."
1 comment:
Romney and Ryan, the castor oil duo...as slippery as snakes and about as trustworthy.
History always seems to repeat itself and Romney's history is not good for these United States.
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