Gawker.com : "Running on Wealth - Why Mitt’s Money Matters" - It matters because Romney says it does. It matters because Romney's said it's the only thing that matters : "I know what it takes to run the United States, because I ran Bain Capital,"

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And it matters because Mitt Romney and Paul Ryan want to lead America into a Brutal Racist Plutocracy !

Excerpt :

"What that general understanding tells us is bad enough. But looking over those 950 pages of documents, we see another profit strategy, one geared toward exempting people from transactional fees and taxes, sheltering wealth overseas and ensuring that everyday business is emphatically none of America's business. There is no reasonable way to apply that strategy to a nation, unless you're draining its prosperity upward. You cannot run America by avoiding American regulation. You cannot offshore "America." You can't set, as American policy, the guarantee that its left hand is unstintingly unaware of the behavior of its right."

Gawker.com
"Running on Wealth - Why Mitt’s Money Matters"
By Mobutu Sese Seko
August 24, 2010


"Running on Wealth - Why Mitt’s Money Matters"


Some excerpts of a very long article :

People get hostile when you want to ask critical questions about someone's money. If it's a profile hailing an entrepreneur as a genius, then things are okay: we're only inquiring about the accumulation of an implicit good. When talk verges on criticism, people get itchy.

Yesterday, John Cook published 950 pages of documents about Mitt Romney and Bain Capital's finances. Business insiders waved them away as an old story, an irrelevancy, while regular readers asked in the comments why we were talking about this at all. Each asked the same question from different parts of the spectrum: "Why does this matter?"

It matters because Romney says it does. It matters because Romney's said it's the only thing that matters.

Up until his selecting Paul Ryan as a running mate, Mitt Romney's entire campaign strategy was this: minimize errors and make this election a referendum on Barack Obama. The economy hits incumbents especially hard—especially in the sort of straits America finds itself in—so all Romney had to do was keep it foremost in voters' minds while offering himself as an alternative. The election would then become a clear binary choice: Obama's big government bumbling, or the cool private-sector efficiency of multimillionaire Mitt Romney and his private equity firm Bain Capital.

Here's the problem, though: either through 1980s corporate films like Wall Street or the daily paper, average Americans have a rough understanding of how a firm like Bain makes money. Their conception may not be especially nuanced, but casually reading or tuning in is enough to fuel a humble, classical ignorance: enough knowledge to know what questions to ask and enough to know what gaps exist in their experience.

Thus when Romney utters some version of, "I know what it takes to run the United States, because I ran Bain Capital," plenty of people know enough to say, wait a minute, how the fuck does that work exactly? Because the metrics of success in that one arena do not apply to the other.

For instance, here are some things neither Bain nor The Romney Experience could do if they "acquired" America:

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