Friday, September 28, 2012

Harvesting the Romney effect, bumper crop of unpatriotic business practices.

Mother Jones seems to be the new Woodward and Bernstein.  Wow.  The mother came up with another doozy.
Rmoney telling potential investors how they will buy companies, manage them a while, then harvest the profits.   This means.......buy'em, borrow against their assets, pay yourself hugh fees, loot the retirement fund if they have one, cut the workforce, stop all improvement or R&D programs, send products offshore, sell assets, let what's left go bankrupt.
Whats missing?  Job creation, quality, new products, new markets, competitive drive, long term planning, concern for the community, concern for families, loyalty, concern for the nation.  This is what Obama is hitting at when he started yesterday this new theme of a patriotic economy.

To borrow an idea from from a movie (Pretty Women), these guys work like car thieves, they steal a car, sell the tires, the radio, the engine, leave the rest for some neighborhood to clean up.  They aren't making anything of value, it's theft of our futures.
When a farmer harvests corn or wheat we take the best part, but what we appear to abandon, the stalks, have a part to play,  they protect the land from erosion and they break down to feed the soil.  And not to sound religious, but our harvest is the story of death and rebirth.  We take the best, but we sew some of that seed again and it is reborn, it lives again, the assets endure so we and later others have a fair chance.  

Rmoney's use of harvest is a perversion of our use of harvest.  Harvesting only comes after a period of work, growth, and at maturity.  Mining is what Bain was doing.  You tear everything out by force and crush it and that's the end, the resource is gone.

This new video underscores the fund raising video, he is comfortable only when he talks to rich people about transactional politics.  Give me money, I will steal for you and make you rich and tax free.

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