It seems Bill O'Reilly is terribly upset that that damned communist Mother Jones went and did something horrible, like letting us here Romney's own words from his time at Bain Capital, and so naturally he does his best to try to deflect from the situation by attacking the messenger.
I hate to break it to Bill-O, but if he thinks the average voter out there who hasn't been propagandized by Fox and right wing hate talk is going to hear the word "harvest" and not think of a vulture capitalist that just wants to extract the wealth from a company and raid pensions and salaries, I think he's sadly mistaken.
And you've just got to love the irony of O'Reilly in one breath defending the type of business Mitt Romney ran, and then in the next bemoaning median income going down. Par for the course for a network that keeps telling its viewers that everything that's wrong with the world started the day America elected Barack Obama.
Talking Points Memo & Top Story
The far-left magazine Mother Jones (possibly one of Fidel Castro's favorite publications) has put out another old video of Mitt Romney, in which he says Bain Capital 'was formed to invest in start-up companies and ongoing companies ... then harvest them at a significant profit.' Even though Mother Jones is appalled, that's what capitalism is! You grow companies, you make them more profitable, then if you're lucky you sell them for lots of money. Sometimes the free market is brutal, but it does provide vast opportunity for those willing to work hard and take chances.
Capitalism has made the USA the most powerful nation on Earth; it's the primary reason people all over the world are desperate to come here. But apparently some who support President Obama don't much like capitalism. Former Labor Secretary Robert Reich, who criticized Romney's comments, doesn't like the fact that some American companies maximize profits by limiting compensation to workers and controlling their hiring. Reich wants guaranteed wages, salaries, and tenure, all the things that happen in socialistic countries. The question is, does President Obama believe the same things that Dr. Reich and Mother Jones magazine believe? The answer to that question is ... maybe.
The President certainly wants to control economic outcomes, but so far he has not seized assets. President Obama wants to run the entire US economy from Washington, which has gotten him into big economic trouble. Here are the facts: Median income for American households is down by about $5,000 in five years; health insurance premiums are up 18% in the past three years and going higher under Obamacare; gas prices are up 106% since Mr. Obama took office; and the national debt is up by $5.4 trillion under the President. It used to be that economic stats like those would doom an incumbent, but that's not happening this year. President Obama is not even conceding that his policies haven't worked; he's essentially saying they will work if you give him four more years.
Millions of Americans seem to be on board with that. Governor Romney has the economic stats on his side, but it's clear that he and Paul Ryan have not convinced the casual voter that they can improve the economy. Mr. Romney's moment will come Wednesday in the first debate; he must win or he will not recover. He has to show that he cares about the folks and that his expertise can return the nation to prosperity while more of Barack Obama would be a disaster.
It's quite a challenge for Governor Romney and the media is heavily rooting for his opponent, but the folks are generally fair, they will be watching, and they will make up their own minds. So the Governor does have a chance as the drama builds."
