Friday, August 31, 2012

Quote of the Day (Matt Taibbi on Mitt Romney, ‘Apostle’ of Greed and Debt)

“Romney is the frontman and apostle of an economic revolution, in which transactions are manufactured instead of products, wealth is generated without accompanying prosperity, and Cayman Islands partnerships are lovingly erected and nurtured while American communities fall apart. The entire purpose of the business model that Romney helped pioneer is to move money into the archipelago from the places outside it, using massive amounts of taxpayer-subsidized debt to enrich a handful of billionaires. It's a vision of society that's crazy, vicious and almost unbelievably selfish, yet it's running for president, and it has a chance of winning. Perhaps that change is coming whether we like it or not. Perhaps Mitt Romney is the best man to manage the transition. But it seems a little early to vote for that kind of wholesale surrender.”-- Matt Taibbi, “Greed and Debt: How Mitt Romney and Bain Capital Staged an Epic Wealth Grab, Destroyed Jobs – and Stuck Others With the Bill,Rolling Stone, September 13, 2012

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