Just when I thought Romney could not sink any lower,greed and hypocrisy on steroids

[joelz]

We turn now to a major new exposé on the cover of The Nation magazine called, "Mitt Romney’s Bailout Bonanza: How He Made Millions From The Rescue of Detroit." Investigative reporter Greg Palast reveals how Republican presidential nominee Mitt Romney made some $15 million on the auto bailout and that three of Romney’s top donors made more than $4 billion for their hedge funds from the bailout. Palast’s report is part of a film-in-progress called, "Romney’s Bailout Bonanza." Palast is the author of several books, including recently released New York Times best seller, "Billionaires & Ballot Bandits: How to Steal An Election in 9 Easy Steps.

http://www.democracynow.org/2012/10/18/greg_palast_mitt_romneys_bailout_bonanza

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1. And yet he said in the debate...

"And one thing that the — the president said which I want to make sure that we understand — he — he said that I said we should take Detroit bankrupt, and — and that’s right. My plan was to have the company go through bankruptcy like 7-Eleven did and Macy’s and — and — and Continental Airlines and come out stronger. And — and I know he keeps saying, you wanted to take Detroit bankrupt. Well, the president took Detroit bankrupt. You took General Motors bankrupt. You took Chrysler bankrupt. So when you say that I wanted to take the auto industry bankrupt, you actually did. And — and I think it’s important to know that that was a process that was necessary to get those companies back on their feet, so they could start hiring more people. That was precisely what I recommend and ultimately what happened."

[AnnaLee]

2. I wonder if anyone thinks when they hear this

I recall that I once moved my money out of equities just before a major crash. I could have told my fellow workers that I planned it that way and no one would have questioned that it was unlikely that I knew more than professional investors.

The relevance is that if the American people allow candidates to develop "My plan" after the fact, then they can claim that any success the President had with his plan was due to the part that was what "my plan" would have been had I expressed it fully.

So we have - the bankruptcy part would have worked without the bailout which is what I call the path not taken which is unknowable. Somehow the ditz want to take credit for Obama's accomplishments and say Obama's a failure because I woulda given it to you as a "free lunch".

Reagan proved that the "free lunch" argument always wins and people never learn when a free lunch is involved. For example, I get the impression that tea party seniors actually believe they will be able to get all of promised Social Security for the remainder of their lives (20-30 years for some) if there are no new contributions to the fund. Wait until they discover that "for you, things will not change" means that the dollar value of SS they get this minute will never go up and not that the amount promised will be delivered. (Note the latter is my interpretation based on the fact that the words used never change and the literal interpretation is - won't change. If I'm right, it is another after the fact, got ya, thing.)

[EOTE]

4. Ahhh, a zionist Rothschild conspiracy theorist live and in the flesh.

I never thought I'd meet one of those outside of a LaRouche rally. Do you think I can pet it, ma?

[DURHAM D]

5. LOL

[CaliforniaPeggy]

6. It should be gone soon.......so if you want to pet it, do it now!

[EOTE]

10. Much thanks :) nt

[CaliforniaPeggy]

7. It's gone! Here's the profile:

http://www.democraticunderground.com/?com=profile&uid=293728

[madinmaryland]

8. That was a quick turn-around on the alert and the PPR!!

Thanks, Cal Peggy!!

[CaliforniaPeggy]

9. My pleasure, my dear madinmaryland!

I guess I must miss being on MIRT, at least a little bit, LOL!