How Did Mitt Romney Get So Obscenely Rich? Robert Reich Explains

[Galraedia]

[tabatha]

1. This should go viral.

[freshwest]

2. +1million

[Confusious]

3. It's dishonest

It may be legal, but if you have any real sense of honesty, you know it's dishonest.

[pkdu]

7. Are you calling Reich or Romney dishonest ?

[Confusious]

10. Romney nt

[hay rick]

4. Reich, excellent as usual.

This is the kind of presentation that Obama should be making from the bully pulpit.

[pepperbear]

5. +1

[BeyondGeography]

6. In other words, Romney is a hugely expensive welfare case

Well done.

[tabatha]

9. Yes, using the taxpayers money in a way that makes food stamps look mild.

[jonthebru]

8. I hate how they...

take perfectly good companies, run them into debt simply by borrowing and taking the equity out and then say "Oops this company failed, it can't cover its debt." And god damn it it is legal for these asshats to do that.

[tclambert]

12. On the Sopranos, they called that a "bust out."

Season 2, episode 10. From Wikipedia: A "bust out" is a common tactic in the organized crime world, wherein a business' assets and lines of credit are exploited and exhausted to the point of bankruptcy.

How is the way the Sopranos squeezed Davey Scatino's sporting goods store into bankruptcy by buying a lot of expensive stuff for themselves on the store's credit, how, I ask, is this any different from the deliberate business model of Bain Capital?

[Revlon10]

11. Let's not forget, the longer hours, less job security, stress the workers are now under.

The B.S. health care, if any, now we are freelancers, and contractors. No vacations and not pensions.

[DeeDeeNY]

13. Great explanation! And simple enough for even a Fox viewer to understand.

[geckosfeet]

14. Don't count on that. FOX viewers are engaged in willful denial of the obvious.

[CrispyQ]

15. Excellent.

He had another one a while back that was also very good.

k&r

[Electric Monk]

16. k&r

[Gregorian]

17. Robert Reich is totally brilliant. I hope he is seriously involved in Obama's next term.

I'd give anything to sit in one of his lectures.