Did taxpayers finance Romney’s wealth?

April 14, 2012

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?

More, and Related articles:


Hard truths about the U.S. economy

June 15, 2011

Robert Reich tells the truth.  Can you be bothered to listen?

Tip of the old scrub brush to MoveOn.org.  Is there any wonder why the would-be oligarchs work so hard to discredit MoveOn.org?


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