Romney promises to fire a bunch of people, loot the pension, and return massive profits to ‘job creators’, just like back in the Bain days

Romney touts fiscal plan, avoids fray on Iowa trip http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2011/11/07/national/a122004S28.DTL&type=health

During the Iowa stops, he tested an update of his standard campaign speech, incorporating the new economic policy he proposed last week. In it, Romney pledges to cut $500 billion from the federal deficit in his first four years in office.

In Davenport, he listed the National Endowment of the Arts, National Endowment for Humanities, the Corporation for Public Broadcasting and Amtrak as programs that may be cut or eliminated under a Romney administration.

“I think it’s time for programs that we like but we simply can’t afford to be stopped or to be cut back and make it on their own,” he said, prompting applause. “And I’m going to do that.”

Every one does understand that “cutting spending” translates to “firing people”, right?

Looks like 2012 is shaping up to be a contest between a venture capitalist and a community organizer.

What are you in the mood for, America?

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3 thoughts on “Romney promises to fire a bunch of people, loot the pension, and return massive profits to ‘job creators’, just like back in the Bain days

  1. do you have a link to a well sourced article substantiating the claim about pension fund looting
    as a liberal , I would like to believe this, but if you can’t provide such a link then you are worse then romney, someone who spouts off without facts

  2. “do you have a link to a well sourced article substantiating the claim about pension fund looting”

    Do you mean while Romney was at Bain?

    If so…this is your article…

    “Under Romney’s leadership at Bain, which spanned from 1984 to 1990 and from 1992 to 1999, at least five companies eventually filed for bankruptcy after being acquired by the private equity firm. In some of those cases, investors still made a profit as workers lost their jobs.

    Even more troubling to some, Bain arguably drove some companies to the ground by taking on more debt to give investors dividends earlier.”

    http://www.washingtonpost.com/business/economy/romneys-bain-capital-record-shows-mixed-record-on-bankruptcies/2011/12/13/gIQANksluO_story.html

    If you are referring to any of the other companies that Bain raided and Romney profited from…you can look those up.

    If you are referring to his, and other Republicans plans to end Social Security (our public “pension”) and Medicare, those you can google.

    “but if you can’t provide such a link then you are worse then romney, someone who spouts off without facts”

    Well, as I’ve provided some context and asked clarifying questions, maybe now you’ll realize I have the ability to be quite a bit more honest, as I’m not running for office.

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