Private Equity Firms Explained! Sort of!


WC has attempted earlier to explain how The Mitt’s private equity company, Bain Capital, worked. And how The Mitt got filthy rich. Former Secretary of Labor Robert Reich has a different take, with illustrations: . [A tip of the hat to MoveOn.org, who sponsored this video.] Note: Don’t try this at home, boys and girls.

Mitt’s Muffs: Twofer Tuesdays


Apparent Republican presidential nominee The Mitt is demonstrating a gift for getting it wrong. So, today only, we offer a two-for-one post. 1. Claims of Government Growth Here’s a chart from Michael Linden guaranteed to make a neocon’s throat clog with bile: Federal spending, federal revenue (taxes) and the annual budget deficit are all lower…