Sunday, July 15, 2012

Romney creates jobs; in China!


Mitt Romney made his huge fortune partly by taking over companies, sending the good-paying American jobs to places like China -- or using the threat to do that to force wage and benefit cuts -- and keeping that money for himself and his business partners. A Washington Post story says that Romney's company not only took advantage of this technique, but actually helped pioneer the technique!
While Romney and those like him became enormously wealthy from this since-Reagan fire-sale of American factories, companies, industries and technologies, our economy suffered terribly. Working people's wages stagnated and people turned to credit cards and borrowing on their homes just to get by. Evenually the economy collapsed.
The Romneys and Wall Street 1%er types did very well from this destruction of our economy and our capacity to earn a living, as they have been doing since the collapse. China has also done very well by this. And they are all trying to keep things that way.