Friday, August 31, 2012

The Irony of Mitt

Excellent (and long) article from Rolling Stone discussing the irony that Romney, who owes his fortune to borrowing huge sums to take over companies and make money by slashing payrolls, is basing his campaign on reducing deficits and increasing employment.

3 comments:

NWest said...

Exactly what I've been saying :) Thanks for the article!

NWest said...

I found some more info on this <a href="http://globaleconomicanalysis.blogspot.com/2012/10/does-mitt-romney-know-what-it-takes-to.html>today</a>.

Private Equity makes money primarily due to government control of interest rates and the divide between the capital gains tax versus the income tax. Capital gains ought to be taxed at the same rate as income, and we need market interest rates (End the Fed).

NWest said...

Hmm. Didn't like my HTML.