Mitt Romney's business consisted of buying out a firm, hollowing it out, loading it up with debt, cutting wages — and making millions before the firm went belly-up. This was just pillaging jobs and oppressing workers as a conscious business plan while occasionally grabbing a government bailout along the way

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Mitt Romney paid himself and his company Bain Capial big dividends and consulting fees to accelerate the ruin and bankruptcy of the businesses that they had taken over. The taxpayer ended paying the bill of Workers Pensions and Compensations.

The immoral and unethical ways of Mitt Romney :

The Week

Bain is just chapter one in the Book of Romney

Republicans are desperate to declare Obama's attacks on Mitt's business background off-limits. But in the life of Romney, vulture capitalism is an inescapable theme

May 21, 2012

By Robert Shrum

Robert Shrum and his then-partner Tad Devine conceived and produced the Ted Kennedy spots against Mitt Romney for a Senate Seat in 1994. They showed the fake and phony in Mitt Romney.

Robert Shrum was a senior adviser on Al Gore's 2000 presidential campaign and chief strategist for John Kerry's 2004 campaign. He has advised 30 winning U.S. Senate campaigns and eight winning campaigns for governor

Bain is just chapter one in the Book of Romney


Some excerpts :

Moreover, the response irresistibly invites a challenge: Romney should release the records of all Bain transactions from which he profited. He probably can't afford to because the picture could be pretty grim. Presumably, he's about as likely to risk this kind of full disclosure as he is to release tax returns for years when he may have paid little or no taxes.

There's a (literally) rich vein to mine in Romney's record at Bain. But it's just the beginning of the narrative arc because the Obama campaign will move from the vulture capitalism of his private endeavors to his failures as a public official and the unfairness of his far-right agenda.

Thus the financial manipulator who decimated jobs in the private sector was a governor whose policies left his state 47th in job creation.

The takeover artist who slashed health benefits for workers would end Medicare as we know it, subject seniors to the harsh mercies of insurance companies, and raise their costs by approximately $6,500 a year.

The mega-millionaire with his offshore bank accounts would slash taxes for the very wealthy, and everything from education to food safety for the middle class.

The rapacious Romney, who in business took a government bailout and then would have let the auto industry collapse, now rails against bailouts and calls for rolling back financial regulation for the Wall Street firms that benefited from them.

The list goes on. The narrative is compelling. We haven't heard the end of Bain — and we won't until the end of the campaign

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