American Parasite

Mitt Romney's years at Bain represent everything you hate about capitalism.

Even a company Romney cites as one of his greatest achievements — Steel Dynamics, where he was a minority investor — was practically launched by corporate welfare. Indiana taxpayers gave the firm $77 million to open a plant. Residents of DeKalb County actually had their income taxes raised solely to help Romney and his friends.

Tad DeHaven calls it "theft and redistribution."

He's no yammering Trotskyite; DeHaven is a former budget advisor to Republican U.S. senators Jeff Sessions of Alabama and Tom Coburn of Oklahoma. Yet he notes that firms like Bain often get governments to subsidize their raiding parties.

Dan Andreasen
Union official David Foster claims that Bain Capital placed its own interests above those of a steel company's customers and its long-term stability.
Jayme Halbritter
Union official David Foster claims that Bain Capital placed its own interests above those of a steel company's customers and its long-term stability.

The feds take $100 billion a year from everyday taxpayers and send it straight to companies like Romney's, says DeHaven, who now works for the Cato Institute, a conservative think tank.

But like most good Republicans, he's reticent to single out the candidate for criticism. "It depends on what he knew and Bain's involvement in obtaining subsidies," DeHaven says. "I don't know if it makes him a hypocrite or not, but he should answer questions about it."

The President of Russia

Those answers won't be forthcoming. Romney refuses to discuss most of the companies he purchased at Bain, nor will he release his tax records from those years. As a result, voters are left to make their own call on his catalogue of creative destruction — and what he might be like as president.

Romney has professed his admiration for Ronald Reagan. But judging by his business history, the president he most resembles is Vladimir Putin. Romney has devoted his life to ensuring that every last penny rises to a few hands at the top. And like Putin, he's never shown much concern for the countrymen he tramples along the way.

"The word 'oligarchy' comes to mind," says Michael Keating, when asked to envision a Romney presidency.

Keating is a former business consultant and executive at Bertelsmann, a multi-national investment firm that operates in 63 countries. He asserts that men like Romney "hide their antisocial actions behind a rhetoric of free-market capitalist platitudes. But in the end, it's all about the bottom line — and only their own bottom line..."

"I don't think Romney is so much dangerous as he is unimaginative," Keating adds. "And in the world we live in, that amounts to the same thing."

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Lol, what a fantasy this is. First off, steel was lost in the 80's, Secondly, it was due to high labor prices. lastly, if they were fired, what was the point in going on strike? The fact is, smart capitalism made us the strongest nation in the world. Because everyone wants some sort of entitlement now, unions being the worse, we're no longer competitive. Don't complain about jobs going elsewhere, unless you're willing to do something about it. Going on strike isnt it, you're reinforcing the idea to send them elsewhere!


Funny how our economy was at its best when unions were at 35% of the workforce, as opposed to the 8% it is today, and the top tax rate was 90%.


What's funny about it? We had all new markets open up across eastern Europe, we were entering the digital age, and they couldn't get enough of our products. Beside, you must've forgetten we lost steel production in the 80s due to the unions, even though we made the best in the worl. No-one could afford it. Now not even our own government, which was the last American steel customer, doesn't buy it. There's nothing funny about this, it's just sad people won't own up.

Subject: [vvm-hou] Re: American Parasite


You lost me when you went back to the fifties. That's totally irrelevant. That made the rest of your effort moot.


So when unions were at 35% of the workforce in the 50's, nobody could afford our steel then? Or was it that globalization in the 80's made it possible to move production to 3rd world countries with no minimum wage, no worker or environmental protections, where people will fight over a job working 12-20 hours a day with no safety or health protections, for pennies an hour, because nobody has any income? Where the companies can dump toxic waste with impunity. Where they can employ young children who should be in school when their families can't make ends meet on the parents' income. And when a worker becomes sick or hurt on the job, gets pregnant, or complains, they're easily fired and replaced.

Yeah, yeah, blame it all on the unions. After all, how dare they expect a decent, livable wage, so they they don't have to struggle from paycheck to paycheck. And they really have some nerve expecting health coverage, so that their stomachs don't turn at the thought of having to see a doctor. And they really have some gall expecting a safe workplace, weekends and holidays off, retiement benefits, Workmens' Compensation when they're injured, etc. Yeah, it's all the unions' fault. Never mind the fact that CEO pay has gone up from 30 times their workers' pay in 1980 to 300-500+ times today, and that many make more in one month, no matter how incompetent they may be, than most of us will earn in a lifetime. And never mind the fact that when a CEO crashes a company, they still get "golden parachute" packages worth millions, while their workers and shareholders lose everything.

Yeah, I guess workers should be happy to have any job, no matter low paying it is, or how badly mistreated or abused they are. Right?

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