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Politics: Greed and Debt: The True Story of Mitt Romney and Bain Capital
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Politics: Greed and Debt: The True Story of Mitt Romney and Bain Capital
By Matt Taibbi
August 29, 2012

The great criticism of Mitt Romney, from both sides of the aisle, has always been that he doesn't stand for anything. He's a flip-flopper, they say, a lightweight, a cardboard opportunist who'll say anything to get elected.

The critics couldn't be more wrong. Mitt Romney is no tissue-paper man. He's closer to being a revolutionary, a backward-world version of Che or Trotsky, with tweezed nostrils instead of a beard, a half-Windsor instead of a leather jerkin. His legendary flip-flops aren't the lies of a bumbling opportunist – they're the confident prevarications of a man untroubled by misleading the nonbeliever in pursuit of a single, all-consuming goal. Romney has a vision, and he's trying for something big: We've just been too slow to sort out what it is, just as we've been slow to grasp the roots of the radical economic changes that have swept the country in the last generation.

The incredible untold story of the 2012 election so far is that Romney's run has been a shimmering pearl of perfect political hypocrisy, which he's somehow managed to keep hidden, even with thousands of cameras following his every move. And the drama of this rhetorical high-wire act was ratcheted up even further when Romney chose his running mate, Rep. Paul Ryan of Wisconsin – like himself, a self-righteously anal, thin-lipped, Whitest Kids U Know penny pincher who'd be honored to tell Oliver Twist there's no more soup left. By selecting Ryan, Romney, the hard-charging, chameleonic champion of a disgraced-yet-defiant Wall Street, officially succeeded in moving the battle lines in the 2012 presidential race.

Like John McCain four years before, Romney desperately needed a vice-presidential pick that would change the game. But where McCain bet on a combustive mix of clueless novelty and suburban sexual tension named Sarah Palin, Romney bet on an idea.

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I am absolutely horrified to learn of these practices. We as Americans need to do something about where these people are taking this country. There are more regular folks than people with big money so why isn't change being made? Frankly it's scary.
Posted by Jenna November 4, 2012, 5:28 pm
I found this article about mitt Romney offensive. It is not accurate
Posted by GrammiSami October 21, 2012, 4:53 pm
Great article! Hope some of these facts make it into Tuesday's debate.
Posted by shashannon7 October 20, 2012, 11:05 am
Nothing like vilifying something you clearly know very little about: Private equity raiders like Bain almost always get their cash out before a target goes belly up - absolutely false. The thing about it is, nobody gets hurt, says Patnode. Except the people who worked here. - What about the lenders that made the buyout possible? I agree that the tax code is broken (who doesnt?), but the fact that you contribute Romneys success to the government for operating within the rules it set (interest as a tax deduction) is absolutely ridiculous. You sound like a sore loser. We all knew of the media bias, but there is no place for such flawed journalism in RS.
Posted by Chicago515 September 19, 2012, 3:30 pm
I see this rag started blowing obummer too. Get real if at all possible. You'd be better off out of business. I mean we would be better off with out this RAG
Posted by ecky September 17, 2012, 7:51 pm
Guy hates private schools. Hack job.
Posted by Frank September 14, 2012, 10:52 am
I am totally amazed at the charge of hack job etc. Shooting the messenger!! He did an incredible job of research and bringing to lite the dirty secrets of this new culture of greed. And to claim that the govt tax and regs will cause investment to go elsewhere?? They did not read the article (nor pay attention during the past 30 years). THIS is not investment it is the business plan of the Mob (organized crime) That anyone could justify or defend paying anyone $millions when a company is going bankrupt are themselves bankrupt of any values. Any CEO or group of execs whose management results in their company going bankrupt should lose thei jobs WITHOUT millions in bonuses nor severence. Something else. Many of these bankruptcies resulted in pension plans that required bailout by taxpayers. Just one more way that Mitt and his Ilk socialized risk while privitizing profit. Since y'all hate socialism why is there no hue and cry re this Corporate Socialism??
Posted by RussB September 13, 2012, 3:30 pm
Hack job. Calling this journalism is like calling a gecko Godzilla.
Posted by Concerned American September 8, 2012, 10:39 pm
Pretty over the top here. Why is it that all we can do in this country is turn a blind eye to the limitations of our candidates and bash the others? Until someone can unite us and we all get off of our self-serving, self-righteous, entitled soap boxes we'll be stuck with two lousy options with extremest leanings. I'm sick of it.
Posted by Capitalist September 6, 2012, 10:25 am
In other word: Handsome, rich, white, self-serving money managers does NOT equal Presidential leadership. Clinton, despite his obvious fault, was an excellent President. The country was in good shape when he left office. Then came the recession, the financial meltdown, the housing bubble bursting, useless wars, and a rich, white, well-connected President with no regrets? No mistakes? You gotta be kidding. That's why Obama won...arrogance on the part of Bush, and those just like him... People who fit a profile because they were BORN LUCKY
Posted by goldenanalog September 3, 2012, 7:32 pm

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