The Republican Nomination For President: The Race For The Race For The White House

Hearing Andrea Mitchell opine about Romney's Venture Capitalism problem -- or "Vulture Capitalism" -- in quotes as she puts it, is a cringe-worthy apologetic if I ever heard one.

Andrea calls the Vulture charges against him, "false" -- but immediately adds until Mitt can explain the "free market economics" he was involved in, he's still got a problem. Besides she continues, "Bain Capital was not about creating jobs" -- it was about "increasing profits for its investors" ...

Exactly exclaims her guest, when Mitt Romney was at Bain Capital, he was not a Job Creator -- "he was a Wealth Creator" ...

I couldn't have said it better myself. Behold, Willard the audacious "creator" of Wealth -- because there's gold in those employee Pension funds ... just have to fire a few thousand prospective pensioners first. No wonder, Willard "likes firing people" ...

ndrea Mitchell ponders Mitt's "big mistake" -- that perhaps he never should have boasted about "creating jobs" -- that leaves him open to the charges he's now facing. He needs to figure out a way to explain what he was doing in a favorable free market light, she suggests.

The authoritative-sounding guest agrees:

Private Equity corporations are NOT about creating jobs -- they're about creating Wealth instead.

Once, I got over my shock amazement at these stark admissions, I started this post.

Perhaps Mitt, Mitchell, and all the others defenders of the 1% Wealth Creation Hoarding Class, need to study a little history. Because without us lowly workers, getting the job done, their Wealth evaporates into a cloud of dust ...


Abraham Lincoln

[A message to the U.S. Congress, 3 December 1861. Reprinted from Land and Freedom, September-0ctober 1937]

"Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration. Capital has its rights, which are as worthy of protection as any other rights."

Venture Capitalists, by design, Exploit Labor -- they DO NOT create Labor.

Venture Capitalists see Labor as "a business cost" to be "turned into Gold" ...

Lincoln: "Labor Is the Superior of Capital"

If Romney knows "business better," he sure doesn't understand truth and ethics.

That's where you are wrong; there are many good business folks who really care for their workers and their welfare. I have worked with some, and have read many stories about good CEO's and Presidents of companies.

Wages in America:
The Rich Get Richer and the Rest Get Less
by JACK RASMUS (Copyright 2004)

Do you feel like you're working harder, longer hours, and still can't keep up with rising taxes, gasoline prices, utility bills, ballooning medical expenses, or the accelerating cost of paying for your kids' education?

Well, you're not alone! You're in good company. The company of tens of millions of American workers today on the same economic treadmill, having to walk faster and faster just to stay in the same place, or, unable even to keep up with the pace due to unemployment, loss of benefits, or wage cuts by their employers.

How would you like to be making $200,000 a year today after 25 years on the job? Well, if you started with the pay of an average worker 25 years ago that's what you'd be making today---if you got the same kind of raises that CEOs of American companies got for the past 25 years! The average compensation of a CEO in 1980 was about 40 times that of the average worker in his company. Today it is more than 500 times! If your pay had kept up with his, you would be making more than $200,000 this year. Of course, that didn't happen, did it? So let's see what actually did happen to the average American worker's pay over the past 25 years of the Reagan-Bush economic regime..

Stagnating Workers' Wages
In 1979 the American worker's average hourly wage was equal to $15.91 (adjusted for inflation in 2001 dollars). By 1989 it had reached only $16.63/hour. That's a gain of only 7 cents a year for the entire Reagan decade.

But wait. Things get worse! By 1995 it had risen to only $16.71, or virtually no gain whatsoever over the 6 years between 1989 and 1995. During the great 'boom years' between 1995 and 2000 it rose briefly to $18.33 per hour. In other words, from 1979 to 2000, even before the most recent Bush recession, after more than two decades the American worker's average wages increased on average only 11.5 cents per hour per year! With nearly all of that coming in the five so-called 'boom' years of 1995-2000, and most of that lost once again in the last three years. And that includes for all workers, even those with college degrees.

...

http://www.kyklosproductions.com/articles/wages.html

You are negative in every aspect of life; you must be a very sad person. Your negatives are depressing~!

I happen to be mostly on the left wing of the Democratic party, ...

but the left wing of the Dem party (ultra left) has nothing good to say about NFL.

You are negative in every aspect of life;

What ethics could there possibly be in a economic system that puts profits at the top of the list?