Mitt Romney subscribes to the plutocratic school of capitalism. It is gracious to call it even that. More like scorched earth capitalism. After a Romney Deal, Profits and Then Layoffs. One aspect of scorched earth capitalism that bothers me is how it lacks humanistic or traditional Judeo-Christian values. If you don’t think people’s basic life needs matter – food, shelter, clothing, a regular job as a source of pride, an education and access to health care, than there are still some values left on the buffet table, but they’re subhuman values.
At Bain Capital’s direction, Dade quadrupled the money it owed creditors and vendors. It took steps that propelled the business toward bankruptcy. And in waves of layoffs, it cut loose 1,700 workers in the United States, including Brian and Christine Shoemaker, who lost their jobs at a plant in Westwood, Mass. Staggered, Mr. Shoemaker wondered, “How can the bean counters just come in here and say, Hey, it’s over?”
For people who hate reading economics, this might be better than the Cliff Notes, Other People’s Money (1991) is a comedy, but does a decent job of explaining what Romney did for a living.
Iran’s Nukes: Old Lies in New Bottles. The narratives is eerily similar to the run-up to having to invade Iraq because it poised an imminent threat – “This is about imminent threat.” White House spokesman Scott McClellan, 2/10/03. No need to search for obscure conspiracy theories. After Operation Desert Storm the U.S. enforced a no-fly zone over Iraq for over a decade. Once in a while they would fire a shot at a U.S. There were never any hits. If you can’t hit one plane in ten years you do not have the capacity to pose an urgent threat. Arms Control Wonk is a site run by experts in nuclear proliferation and they tend to agree that Iran should be watched, but the need for military action is mostly Chicken-Little talk – At The Crossroads With Iran.
Fox again attacked Senate Majority Leader Harry Reid (D-NV) for noting that “it’s very clear that private-sector jobs have been doing just fine. It’s the public-sector jobs where we’ve lost huge numbers.” But Reid is right: Since the Recovery Act took effect, the private sector has gained more than 1.5 million jobs, while the public sector has lost more than 500,000.
Bigger graph – Public sector jobs decline.
This is predictable Fox propaganda masquerading as journalism. I’m would be curious as to why American business seemingly finds it in their best interests not to say anything about cutting off its customer base at the knees. 1.5 million employed people buy an awful lot of shoes, shampoo, socks, cars and wash machines. The fact that they’re sitting on record profits probably has something to do with it – here, here and here.
Carlos Reisch – Control Of Your Mind – Jazz-Rap/Nu-funk ( sorry about the ad)
Willie Nelson – She Is Gone