Did taxpayers finance Romney’s wealth?


Mitt Romney’s fortune comes mostly from his work at Bain Capital Management.

Capital management?  What is capital management, exactly, you ask?

Prof. Robert Reich explained how private equity firms like Bain make their money, and fortunately MoveOn.org had a camera running when he did, “How exactly did Mitt Romney Get So Obscenely Rich? Robert Reich explains The Magic of Private Equity in 8 Easy Steps”:

Any questions?

Oh, I have one:  Prof. Reich, can you explain how Warren Buffett got so obscenely rich, and tell us the differences in the methods Buffett used, from those Romney used?

I have another question, too, but I’m not sure where to direct it:  Romney says he wants to “help out” the U.S. with his budgeting expertise; to whom does he expect to sell the U.S. government once he’s wrung out all the savings?

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One Response to Did taxpayers finance Romney’s wealth?

  1. [...] Did taxpayers finance Romney’s wealth? (timpanogos.wordpress.com) [...]

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