Luddly Neddite
Diamond Member
- Sep 14, 2011
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David Stockman: Mitt Romney and the Bain Drain - Newsweek and The Daily Beast
His experience is in raising debt and that's what he will do if he's elected.
There is simply no other way for him to spend the enormous amounts he says he wants to spend.
Except Mitt Romney was not a businessman; he was a master financial speculator who bought, sold, flipped, and stripped businesses. He did not build enterprises the old-fashioned wayout of inspiration, perspiration, and a long slog in the free market fostering a new product, service, or process of production. Instead, he spent his 15 years raising debt in prodigious amounts on Wall Street so that Bain could purchase the pots and pans and castoffs of corporate America, leverage them to the hilt, gussy them up as reborn roll-ups, and then deliver them back to Wall Street for resalethe faster the better.
His experience is in raising debt and that's what he will do if he's elected.
There is simply no other way for him to spend the enormous amounts he says he wants to spend.