Pic Of The Moment: More Terrible Economic News (For Republicans)

[pbrower2a]

12. President Obama was going to adopt the old conservative virtues...

before the Republicans had a chance to do so!

Yes, the old conservative virtues. Thrift, enterprise, patience, fair play in the workforce (well, the Right resists that). Under Dubya the Right linked itself to low pay, despotic management, fear, and reckless speculation. Bad as low pay, despotic management, and fear, bad as they were, together did less harm than the reckless speculation.

If you think Dubya was bad, wait until you look at the model of Bain Capital -- grab assets and leave a shell. All too often his vulture capitalism left a wreck because it grabbed assets necessary for the survival of the company.

In view of what the Republican-dominated State legislature is doing in Michigan (trying to make the state a land of sweatshops in which management is brutal and pay is a farce), just think of what America would be like after four years of Romney even without a return to the Depression trajectory that America was on between late 2007 and early 2009. As economic inequality in America begins to resemble that of Apartheid-era South Africa, the economy would surely collapse due to the ruin of the middle class.

Oh, well, we are spared that. My investments are doing well again.