COMPARE AND CONTRAST

 

The pollsters tell me, as of today, the election is a dead heat, but I'm having real trouble wrapping my head around that piece of information.  The election on November 6 should be a landslide in favor of Obama...a landslide, not because Obama did everything right in the last four years, for I have issues with certain of his policies, but the president did much to better the lives of the citizens of the US. Below is a list of the top-10 accomplishments of the Obama administration from The Washington Monthly.  See details and the rest of the list here.

1. Passed Health Care Reform
 
3. Passed Wall Street Reform

4. Ended the War in Iraq

5. Began Drawdown of War in Afghanistan

6. Eliminated Osama bin laden

7. Turned Around U.S. Auto Industry

8. Recapitalized Banks

9. Repealed “Don’t Ask, Don’t Tell

10. Toppled Moammar Gaddafi

I favor certain of Obama's accomplishments over others, but I measure them against what Romney offers the electorate. What are Romney's accomplishments?

1. Signed Romneycare into law as governor of Massachusetts.

2. CEO of Bain & Company, co-founded Bain Capital 

3. CEO of the 2002 Winter Olympics.

Romney backed away from Romneycare, then reclaimed the program, then backed away again.  Perhaps there was further waffling that I missed.

Romney accumulated vast wealth during his association with Bain.

The incredible untold story of the 2012 election so far is that Romney's run has been a shimmering pearl of perfect political hypocrisy, which he's somehow managed to keep hidden, even with thousands of cameras following his every move.And the drama of this rhetorical high-wire act was ratcheted up even further when Romney chose his running mate, Rep. Paul Ryan of Wisconsin – like himself, a self-righteously anal, thin-lipped, Whitest Kids U Know penny pincher who'd be honored to tell Oliver Twist there's no more soup left. By selecting Ryan, Romney, the hard-charging, chameleonic champion of a disgraced-yet-defiant Wall Street, officially succeeded in moving the battle lines in the 2012 presidential race.

....

Last May, in a much-touted speech in Iowa, Romney used language that was literally inflammatory to describe America's federal borrowing. "A prairie fire of debt is sweeping across Iowa and our nation," he declared. "Every day we fail to act, that fire gets closer to the homes and children we love." Our collective debt is no ordinary problem: According to Mitt, it's going to burn our children alive.

And this is where we get to the hypocrisy at the heart of Mitt Romney. Everyone knows that he is fantastically rich, having scored great success, the legend goes, as a "turnaround specialist," a shrewd financial operator who revived moribund companies as a high-priced consultant for a storied Wall Street private equity firm. But what most voters don't know is the way Mitt Romney actually made his fortune: by borrowing vast sums of money that other people were forced to pay back. This is the plain, stark reality that has somehow eluded America's top political journalists for two consecutive presidential campaigns: Mitt Romney is one of the greatest and most irresponsible debt creators of all time. In the past few decades, in fact, Romney has piled more debt onto more unsuspecting companies, written more gigantic checks that other people have to cover, than perhaps all but a handful of people on planet Earth.

....

The only ones who profited in a big way from all the job-killing debt that Romney leveraged were Mitt and his buddies at Bain, along with Wall Street firms like Goldman and Citigroup. Barry Ritholtz, author of Bailout Nation, says the criticisms of Bain about layoffs and meanness miss a more important point, which is that the firm's profit-producing record is absurdly mediocre, especially when set against all the trouble and pain its business model causes. "Bain's fundamental flaw, at least according to the math," Ritholtz writes, "is that they took lots of risk, use immense leverage and charged enormous fees, for performance that was more or less the same as [stock] indexing."

So.  After all the skullduggery, destruction of businesses, and death of jobs, to the great financial benefit of CEOs and top management, Bain produced only a mediocre return for its investors.  Every voter should read the Rolling Stone piece.  It's long but very revealing of the real Mitt Romney, who would trash and pillage the country in a worse way than I ever imagined.  If you thought Gordon Gekko was bad....