But understand that their priority is to maxmize profits. And that’s not always going to be good for communities or businesses or workers…And when you’re president, as opposed to the head of a private equity firm, then your job is not simply to maximize profits. Your job is to figure out how everyone in the country has a fair shot. Your job is to think about those workers who get laid off and how are we paying for their retraining? Your job is to think about how those communities can start creating new clusters so they can attract new businesses. Your job as president is to think about how do we set up an equitable tax system so that everybody is paying their fair share that allows us then to invest in science and technology and infrastructure, all of which will help us grow. And so, if your main argument for how to grow the economy is, ‘I knew how to make a lot of money for investors, then you’re missing what this job is about.’
Obama On Romney’s Bain Experience: The President’s Job ‘Is Not Simply To Maximize Profits’ | ThinkProgress
Source: thinkprogress.org
Romney suffers from the same problem afflicting the likes of Lloyd Blankfein and Jamie Dimon: He’s been living for so long with the delusion that the way he makes his money is fair and honest, he’s started to believe not only that he deserves his wealth, but the converse – that the poor deserve to be poor. He’s incapable of sympathizing with people who can’t pay their bills, because their condition is tied too closely in his mind with the question of how he made his enormous fortune: If you ask Romney to imagine what life is like for someone who’s broke, what he hears is you accusing him of making that happen. (In Romneyspeak, you’ve “attacked capitalism.”) In short, he’s a narcissist. They’re all narcissists, these colossal Wall Street types – they have to be, because the way they make their money makes moral sense only if you’re viewing things from the top of the heap. Asking them to step outside that comfort zone, into the world where the rest of us live, is an unthinkable outrage.
–Matt Taibbi, a national fucking treasure, in Rolling Stone
The Odd Couple: Romney Vs. Gingrich | Politics News | Rolling Stone
Source: Rolling Stone
So really, the guy who made a fortune by buying companies, laying off workers and then reselling them without adding any value at all to our nation’s economy, is calling somebody else a ‘crony capitalist’? The same guy who wants to repeal financial regulations on Wall Street? Who wants to cut capital gains taxes that almost solely affect the wealthiest in the country? And all because Obama is finally calling Congressional Republicans on their crap and filling positions that have been empty for months? IS IT NOVEMBER YET?
And now it begins. My prediction, for those who want it: now that Perry is in, Palin will jump in too, because she knows that Perry and Bachmann have enough crazy between them to keep the media attention away from her throughout the primary season and God knows Palin can’t stand for that. So with a four-person race, Romney wins New Hampshire, Bachmann wins Iowa, Palin wins South Carolina, and Perry wins Nevada, and none of them win a majority of delegates from the primaries, leading to a brokered convention and no nominee until late August.
