Rmoney referred to America as a business enterprise today.
Joe Soptic worked for a company that was taken over by Rmoney/Bain in a levered transaction. His employment was terminated, he lost healthcare insurance and his wife died 22 days after a diagnosis of cancer five years later.
If we don't watch out, we'll all be subject to much the same treatment as Joe Soptic if Romney is elected. Why?
Here's how a leveraged buyout works.
1. Take control of a business.
2. Refinance with a lot of debt.
3. Cut costs by
a. Reducing the number of employees
b. Outsourcing
c. Reducing the benefits of the employees who remain.
d. Not reinvesting in the business, its equipment and associated infrastructure
4. Pay big dividends to the new owners.
Follow me over the squiggle to apply this to America . . . . . The 'slow motion' leveraged buyout of America
How does America fit in that LBO model?
It started about 30 years ago with Reagan and union air traffic controllers, and the notion that deficits don't matter, and the appropriately named Laffer curve. (See David Stockman - The Triumph of Politics.)
The deal crept slowly forward under succeeding administrations.
The deal was closed with the election of the W Bush, the man who famously described his base as the 'haves' and 'have-mores.'
Huge 'dividend' payments went to the wealthiest in the form of the Bush tax cuts, which passed the Senate only with the tiebreaking vote of VP Cheney as the Republicans took absolute control.
This 'dividend' resulted in huge increases in the level of debt, as a result of those tax cuts and two off budget wars.
And they packed the Supreme Court with certain individuals who can only be described as court jesters.
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And now? How does this end? We look to the LBO model for guidance.
We must reduce spending.
We must reduce government headcount.
We must reduce/eliminate benefits to remaining government employees.
We must reduce/eliminate benefits like Medicaid.
We must let the infrastructure crumble.
We must reduce/eliminate Medicare and Social Security per the Ryan budget.
etc.
And we must pay the wealthy their tax cut 'dividends' . . . so that they can buy all the future elections . . . under Citizens United. Thank you court jesters.
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The election of Mitt Romney as President will totally seal the deal . . . for decades.
Tax cut 'dividends' for the wealthiest campaign contributors/investors?
Check
Pack the Supreme Court with Scalito clones?
Check
Privatize everything for the benefit of my campaign contributors/investors?
Check
Reverse Robin Hood Medicare, Social Security and everything else?
Check
Rmoney has lots of money . . .
and lots of assets . . .
with which to enjoy all the benefits of America, , , ,
which he wants for free . . .
since he'll do anything to not pay taxes.
Romney is the one that wants the 'free stuff' he alluded to at the NAACP convention.
Romney is nothing more than a freeloading 'welfare queen'. A Wall Street parasite feasting on the American economy.