MY TURN - Wall Street: Unregulated. Main Street: Isolated. American Jobs: Relocated.

If the Top 25 Hedge Fund Managers Paid Taxes Like You and Me - We'd Cut 44 Billion of the National Deficit -Link

Mitt Romney Says: The 99% Envy Wall Street - Video Link

Video Link - King of Bain, The Suffering Began When Mitt Romney Came to Town

Mitt Romney: Man of the Corporations

Watch what happens when you don’t let Mitt have his turn - LINK

From Wall Street to Washington, we have too many five-watt bulbs sitting in 100-watt sockets pushing us toward a forbidding Kochian jungle in which there is no "we"---money rules, everyone's on their own, and such matters as justice, general welfare, tranquility, and posterity are none of society's damned business. …
We must turn their failure into our inspiration for more agitation. After all, they're the ones who're wrong---wrong about the can-do power of the people they pretend to lead, wrong about the depth of this nation's historic commitment to egalitarianism and the common good, wrong about what they think they can get away with.

Confront them in the coming election--demand from every candidate for every office why their idea of what Americans can do is so small. Confront them in the workplace, the media, the pocketbook, the schools, the shareholder meetings, the public forums, the streets... everywhere. ~ Jim Hightower

Video Link

Essay By JED LEWISON

Willard Romney says $362,000 is 'not very much' money' and

Mitt Romney explains why he pays just 15 percent in taxes:

“It’s probably closer to the 15 percent rate than anything,” Mr. Romney said. “Because my last 10 years, I’ve — my income comes overwhelmingly from some investments made in the past, whether ordinary income or earned annually. I got a little bit of income from my book, but I gave that all away. And then I get speaker’s fees from time to time, but not very much.”

So how much in speaker's fees does Mitt Romney consider to be not very much? To most people it would be a lot: $362,000 (h/t: Sam Stein).

While Romney may think $362,000 is "not very much" money we know now how out-of-touch he is - quite a lot.

http://www.truth-out.org/...

"Pity the Billionaire By THOMAS FRANK
Class conflict in America has always been sharper and more violent than in Europe. Think about the history of the American labor movement. It was much more violent here than in Europe. The employer class in American never wanted to give an inch. You think of someone like Ayn Rand. She would basically be impossible in Europe. She could have written her books there - she was, in fact, a European - but she wouldn't have become this enormous celebrity, this guru of the right, in the way she has in America. Why? Business has always been much more powerful in this country than it has in other places. Maybe that is one of the things that makes us different from other industrialized countries

Aaron Leonard: The theme of your new book is that the current economic crisis has been paradoxically met with pleas for sympathy for the wealthy and the political activation of a social base of middle-class people who have taken up their call. Could you talk about how that phenomenon came about?

Thomas Frank: What has happened is very strange: that we would react to a financial crisis that was brought on by easily definable problems and react to it in exactly the wrong way, by making those problems worse, demanding more deregulation, that sort of thing. Various Republican candidates for president call for this every single day. It is flying precisely in the face of reality - the reality that we all agree on. The way they deal with that is by retreating into an alternate reality of their own. In some ways, "Pity the Billionaire" is about - though I did not have time to go far enough down that road - the social construction of reality. We are living in a time where we can no longer say, "Oh, we have this two-party system, and these people have one set of views, and these people have another." It's something way beyond that now; one group has really seceded from a sense of reality.

Mitt Romney praised Paul Ryan's proposed federal budget

Mitt Romney was a corporate buyout specialist for Bain Capital. He dismantled companies. He cut jobs. He forced companies into bankruptcy and he outsourced jobs and sent jobs overseas.

Bain’s modus operandi was to invest in companies, leverage them up with debt, and then sell them off for scrap, allowing Bain’s investors to walk away with huge profits while the companies in which Bain invested wound up in bankruptcy, laying off workers and reneging on benefits.

When Mitt Came To Town

Bain's slash and burn business model Link - pdf

Bain in 1988 put $5 million down to buy Stage Stores, and in the mid-'90s took it public, collecting $100 million from stock offerings. Stage filed for bankruptcy in 2000.

Bain in 1992 bought American Pad & Paper (AMPAD), investing $5 million, and collected $100 million from dividends. The business filed for bankruptcy in 2000.

Bain in 1993 invested $60 million when buying GS Industries, and received $65 million from dividends. GS filed for bankruptcy in 2001.

Bain in 1997 invested $46 million when buying Details, and made $93 million from stock offerings. The company filed for bankruptcy in 2003.

$12 Million Mystery Man
Republican strategist Carl Forti

http://tinyurl.com/7ag75bc
http://tinyurl.com/89w2d8s
http://tinyurl.com/7a9jaol

There was a decisive winner in the Iowa caucuses and it was neither Rick Santorum nor Mitt Romney. The "winner" was the so-called "Super" PACs (political action committees), the mutant front groups for political candidates that were "created" in the aftermath of the U.S. Supreme Court's 5-4 decision that unleashed corporations and billionaires to spend unlimited money influencing elections. The losers were the American people and the integrity of the democratic process.

http://www.namesofthedead.com/

On December 5, Santorum was talking to a group of about 100 students at Dordt College, a small Christian college in Iowa. A student referred to a 2009 Harvard study showing that 44,000 Americans die each year because they don’t have health coverage. The student then asked Santorum what that meant for the Christian responsibility of caring for the poor. Specifically, the student questioned whether “God appreciates the fact” that all those Americans die each year for lack of healthcare.

Santorum’s response? Rick Santorum “rejects” the idea “that people die in America because of lack of health insurance.”

MY TURN - Wall Street: Unregulated. Main Street: Isolated. American Jobs: Relocated.

Monday, January 2, 2012

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