Does anyone else see what Romney is planning on doing if he gets in office? Take his tax plan for instance. It’s been proven that the immediate result of it will be upwards of $4 pushing on $5 trillion dollars in additional debt. Absent of knowing how it will be deficit neutral, we can only speculate on how he intends on making up this $5 trillion dollars in lost revenue when he brings down the tax rate to 20% across the board. Even after speculation it stills leaves $1 trillion unaccounted for, but that’s not even the real issue here.
The real issue is that Romney touts his experience in the free market as why he’s more than capable of running the United States of America. Sounds good when you look at the fact that he has become tremendously rich from doing so and is still owner, if only by “trust” as he says, of Bain Capital, which is a multibillion dollar corporation.
But when you take a look at what Bain Capital and its subsidiaries did to get to the point that they are at today, then Mitt Romney’s venture to become the next POTUS is a bit disturbing to say the least.
- His company was a “pioneer in outsourcing” jobs to countries across seas
- His company is in the business of buying failing companies, laying off 1000’s of employees, and loading them up with tremendous debt to pay bonuses to investors and extract the profit that they sought before they try to turn the company around
- His company does this even if the corporation they purchased never gets back to profitability and goes bankrupt, they still make off like fat rats
This has been the Bain Capital way and it has proven highly successful for his investors and himself. So here’s what you need to understand. If Mitt Romney gets elected, he will do the US the exact same way.