Mr. One Percent Romney Defends Wall Street and Insurance Company Execs From Criticism by Obama
I already posted some of Mitt Romney's interview with Charlie Rose from this Monday night on PBS. Think Progress posted this portion where it looks like Romney is determined to help the Democrats with having an easy time making some negative campaign ads against him if he does end up being the Republican presidential nominee.
Romney Defends "Wall Street" And "Insurance Company Executives" From Obama’s Criticism:
Appearing on PBS last night with Charlie Rose, GOP presidential candidate Mitt Romney suggested President Obama is risking the very prosperity of the country and the middle class when he criticizes Wall Street and insurance executives:
ROMNEY: He has been the most divisive president I’ve ever seen. He has attacked one American after another, one group after another. He creates these straw men and says that Republicans believe this terrible thing, and aren’t they awful. He went after insurance company executives, Wall Street, all these bad people he finds out there. Look, Americans are not going to be a powerful and vibrant economic engine with a powerful middle class if we attack one another.
Romney doesn’t seem to be concerned with whether there’s any merit to Obama’s criticisms or not; he objects to the mere fact that the president would criticize anyone. For instance, Romney’s defense ignores the fact that Wall Street helped cause the financial crisis and ensuring recession. Obama’s main “attack” on Wall Street was the Dodd-Frank financial reform law, which has hardly hurt the industry. [...]
The comments likely won’t help Romney beat the rap off being “Mr. 1 percent.”
As they noted, Romney also defended his time at Bain Capital later in that same interview and "said that attacking Bain for laying off thousands of workers is almost tantamount to an attack on capitalism itself." As previously posted at this site, Mitt Romney is still raking in the dough from Bain to this day.
I'm not an economist. I'm just some working stiff that has a cursory understanding of economics at best, but for someone that the media keeps touting as being the candidate that "understands the economy" and claiming that Romney's "expertise" in business is supposed to be his strong point, it seems utterly ridiculous to me for someone to claim that saying something that hurts Wall Street and other executives feelings is going to somehow destroy the middle class.
It seems to me our politicians have done a good enough job of that already with outsourcing, globalization and a race to the bottom on wages and workers' protection, refusing to protect American jobs and manufacturing, union busting which Romney is so fond of like his fellow Republicans, and with refusing to ask the upper one percent to put some money back into the commons, our education system and our infrastructure. But hey, what do I know?
"his failed regulatory regime ... " go find a golf course somewhere fucker.
I'm Boycotting NewsCorp! Heres what not to buy: http://www.cjr.org/resources/index.php?c=news...
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Corruption favors the wealthy.
Mitts look to your own inbred party for reasons of failure.
NO really, how does he either lie his teeth out or actually believe that shit? He has to be on some serious drugs. really, we should drug test him.
having worked for 20 years for 2 large insurance companies (though not in the insurance business itself, but for an ancillary division involved in the hospitality/golf business) I can personally attest to the fact that senior executives of both of these companies were not among the 'best and the brightest'.
They were, however, arrogant, greedy, manipulative, self-indulgent, jerks who regularly wasted shareholder money on projects that benefited only a few high level employees.
Property & casualty insurance companies, if run according to the laws/regulations/ do have some redeeming social value in protecting business and individuals from catastrophic loss. Health insurance companies add absolutely no value to the health care equation (as compared to Medicare for all) and generally only succeed in denying care for individuals while taking 30% off the top to enrich themselves.
"Egotism is the anesthetic that dulls the pain of Stupidity" - Frank Leahy
This is an example of a Romney distortion. I'm starting a file on his outright lies and in this week alone I've bagged two - for a religious man, that should be two too many:
1) Romney has criticized President Obama’s “apology tour” around the world when Obama said “that American had dictated to other nations.” The St. Petersburg Times Politifact website reviewed Obama’s speeches and found “not a single, full-throated apology in the bunch.”
2) To Fox's Chris Wallace he defended the invasion of Iraq by saying that Saddam was not letting the inspectors from the United Nations into the various places that they wanted to go. Another lie. Weapons inspectors and the IAEA did in fact have full access to Iraq, right up until the hurry-up invasion prevented them from revealing what the Bushies already knew, that there were no WMDs.
Romney: "He has attacked one American after another, one group after another . . . He went after insurance company executives, Wall Street, all these bad people he finds out there. Look, Americans are not going to be a powerful and vibrant economic engine with a powerful middle class if we attack one another."
So Romney's idea of the middle class is insurance company and Wall Street executives? Millionaires and billionaires?
It should come as a surprise to no one that Bain Capital was not a job creation machine, and really it exemplifies why the "job creator" meme is so false.
The objective of Bain was to make money. It was not to create jobs. Job creation is a side-effect of capitalism, not the goal, and since it is a side-effect which reduces profits, companies will try to create as few jobs as possible in the course of business. Negative job creation, like Bain's, is not an aberration, but in fact the dream of every firm.
"He has attacked one American after another, one group after another."
Is Mitt for brains looking in the republican mirror? On a daily basis, day after day, year after year the right has made it virtually a profession of frightening people of other groups or individuals. So much in fact that its about ALL they do. Any day on foxnewsdrama will make this clear to anyone willing to look. They have no ideas to benefit the country as a whole. Just attack, attack, attack.
Its kind of like their phony horror over "redistribution of wealth". Any chart anywhere will show you the dramatic skew in the distribution of wealth and it is to mitt and his buddies.
How long do they think the US public is going to buy this horse manure?
Never mind, there's no need to answer. Everyone already knows.
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