Mitt Romney: A story of greed and corruption and wrongdoing

Mitt Romney: A story of greed and corruption and wrongdoing

Columbia : SC : USA | Jan 13, 2012 at 8:14 PM PST
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Mitt Romney:

Why has America lost so many manufacturing jobs overseas, look no further than Mitt Romney; the King of Bain. During his tenure at Bain Mitt Romney was not a capitalist. He was a predatory corporate raider that didn't seek to create value “or jobs.” Instead, Romney looked for businesses he could pick apart. He represented the worst possible kind of predator, operating within the law yet well outside the bounds of what most real capitalists consider ethical.

Romney's ‘creative destruction’ model made him wealthy at the expense of thousands of American jobs. At Bain Romney pioneered ‘deindustrialization,’ a process by which they searched out vulnerable companies, took them over, loaded them with debt, and collected obscene fees for doing so. He sent jobs overseas or killed them altogether, and then picked apart the remains - including pension funds - before the companies went bankrupt. Some might call that the free market. Most of us think its just plain wrong.

Romney, a multimillionaire who is by far the wealthiest of the Republican presidential candidates, said he has no plans to release his income tax returns if he wins his party’s nomination, setting himself apart from past nominees in both parties who have routinely done so. Mr. Romney, whose most recent disclosure in August estimated his personal wealth at as much as $250 million, said Dec. 22 he had already released extensive financial information and had no “current plans” to make his tax returns public. Also Romney's tax break plan is for millionaires.

If the former Massachusetts governor wins the nomination and sticks to his current plan, he would be one of the only presidential nominees in the last thirty years to withhold his income tax return. While income tax information is private and there is no legal obligation to disclose it, presidents and nominees for the office have regularly done so since the 1970s.

Only one candidate is bucking the system

Writing in the British Guardian, anti-tax activist Grover Norquist said “Republicans will have no choice but to let Rep. Ron Paul speak at the GOP convention. Paul's positions - especially his views on foreign policy and America's "empire" abroad - have alienated many in the GOP establishment.”

That’s another tale.

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Former Massachusetts governor Mitt Romney
Former Massachusetts governor Mitt Romney
Dartaz is based in Phoenix, Arizona, United States of America, and is an Anchor on Allvoices.
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