Archive for May 22nd, 2012
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.
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 as a percentage of the gross domestic product since President Obama took office. That’s especially remarkable given the decline in the Gross domestic product as we have slowly struggled out of the Bush Recession.
It will annoy neocons, suck some of the wind out of The Mitt’s claims and require inventive distortions and lies for the Neocons and Christianists to fib their way out of these facts.
It’s also a sad commentary on the inability of President Obama to force through adequate recovery measures. If WC were in charge, there would have been increased deficit spending to create the jobs to get folks back to work.
President Obama inherited a catastrophe of a federal budget. Eleven years prior, when President Bush took the oath of office, there was a $281 billion surplus. By the time Obama was sworn in, there was a $1.2 trillion deficit. Inconvenient though it may be for neocons and other conservatives (especially wannabe conservaties who are running for president), the fact is is that spending, taxes and the deficit are all lower today than when President Obama took office. And with the conclusion of the war in Iraq and the gradual winding down of the war in Afghanistan, federal spending is poised to decline still more.
When The Mitt bemoans runaway federal spending, keep this chart in mind.
2. “Dark Day for Freedom”
Dateline May 3, 2012, New York City: Mitt Romney responded on Thursday to the conflict over Chinese dissident Chen Guangcheng, saying if reports that the U.S. government pressured the man to leave an American embassy are true, “this is a dark day for freedom, and a day of shame for this administration.”
Dateline May 19, 2012, New York City: Chinese dissident Chen Guangchen arrives in New York City, with his family, in a triumph of American diplomacy, with relations with Republic of China preserved.
Not only did The Mitt violate the informal rule against presidential candidates commenting on ongoing foreign discussions. He put his foot in it. WC offers an signed copy of the bird photo of your choice to anyone who correctly predicts a retraction and apology from the Mitt.