Matt Taibbi Explains Why You Should Hate Mitt Romney Even More Than You May Have Hated Him Yesterday

[pacalo]

22. Matt Taibbi explained beautifully what voters need to know about that snake.

Romney has no feeling for other people; he's incredibly selfish & callous. If he can make a profit, he'll trample other people's lives in order to add to his obscene wealth.

And there's no doubt about it: Romney did not build his fortune without the government's help.

His personal fortune would not have been possible without the direct assistance of the U.S. government. The taxpayer-funded subsidies that Romney has received go well beyond the humdrum, backdoor, welfare-sucking that all supposedly self-made free marketeers inevitably indulge in.

(...)

But the way Romney most directly owes his success to the government is through the structure of the tax code. The entire business of leveraged buyouts wouldn't be possible without a provision in the federal code that allows companies like Bain to deduct the interest on the debt they use to acquire and loot their targets.

(...)

Thanks to the tax deduction, in other words, the government actually incentivizes the kind of leverage-based takeovers that Romney built his fortune on. Romney the businessman built his career on two things that Romney the candidate decries: massive debt and dumb federal giveaways.

Read more: http://www.rollingstone.com/politics/news/greed-and-debt-the-true-story-of-mitt-romney-and-bain-capital-20120829#ixzz25iq9R27j

And to think there are hateful kooks who are so angry that poor people in America are receiving welfare just to survive day to day, that they will vote for a sub-human whose own government welfare checks are being hidden in the Cayman Islands...talk about twisted values.