On Tue, 8 May 2012 16:55:55 -0700 (PDT), spamtrap1888
I nicked this from Oscar on rec.boats
"Apparently, I'm supposed to be more angry about what Mitt
Romney does with his money than what Barack Obama does with
mine."
Can somebody explain to me what did Mitt produce in exchange for
the money he earned?
I understand he reorganized some weak or failing companies.
http://en.wikipedia.org/wiki/Mitt_Romney#Business_career
That all sounds pretty good to me, better than your average vulture
capitalist. He sounds like he'd make an excellent President. You
have inspired me to send him some campaign money.
But I appreciate the implicit complement offered to Obama: that he
could fix the economy in half the time it took W. to wreck it.
It takes decades, generations to build up an economy. It takes very
little time to wreck one, which is what's going on now. "Stimulus"
to encourage "demand" just makes the long-term situation worse. It
might help win elections, but the US public is fairly wise in the
long term, so it might not.
What wrecked the economy was killing the Glass-Steagall act, and
pushing fannie/freddy to make risky loans. Guess who did that? [1]
Guess who warned against it? [2]
[1] Bill Clinton, Barney Frank, and pals
[2] George W Bush