Mitt

Posted: February 5, 2012 in Current Events, Politics
Tags: , ,

Not only do we eat money, we also crap it and wipe up afterwards with it.

It looks increasingly likely that Mitt Romney will win the Republican nomination for President.  He’s the best of the bunch, but that’s not really saying much.  Thoughts:

  • He actually uttered the words “I’m not very concerned about the very poor” on national television.   Unbelievable.  Even the CNN reporter was all like ‘um, we must be having audio problems, because it sure sounded like you just said you don’t care about poor people, but that can’t be right, can it?’.  Sure, the context of the quote makes the statement a little better but just.  You would think that a person who has been running for political office for as long as Mitt Romney has would know to never string those very words together, ever, no matter what.
  • $58,500 a day?  That is what Mitt makes?  That means that by the end of the day, he is already in the top 25% of income earners over the age of 25.  By the end of the week, he’s in the top 1%.  There’s the rich.  There’s the super rich.  And then there’s Mitt Romney.
  • I think part of Mitt’s perception issue is not so much that he is rich, but the question of what did Mitt produce for society that is so deserving of such rewards.  We can see the contributions from people like Bill Gates and Steve Jobs.  But what has Mitt Romney produced?  Most of Mitt’s riches came from his time as co-founder of Bain Capital.  Sometimes they make money by buying a troubled company, turning it around, and selling it later at a profit.  That’s good.  But sometimes they make money by buying a troubled company, having that company borrow heavily to turn around and pay them fees and dividends.  Then the troubled company now saddled with more debt than it can handle goes under.  That’s not so good.     (Here, Jon Stewart explains this better than I can.)

the-daily-show-with-jon-stewart-indecision-2012-bain-man

Though he appears to be out of touch, Romney can definitely win.  I don’t think he is going to inspire many people to vote FOR him.  But if the economy tanks by election time (I fear we are heading for war with Iran, that could definitely do it), then people may well vote to fire Obama.

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