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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Bread Upon The Water who wrote (179049)	1/11/2012 12:40:04 PM
From: Win Smith	Read Replies (1) \| Respond to of 541853

The WSJ is about as "fairandbalanced" as that other Murdoch media property that wears that slogan on its sleeve, with no apparent sense of irony. As for Romney and Bain, my understanding is that Bain Capital was not close to the worst of the private equity operations - Romney came from management consulting roots and probably wasn't near as piratical as the worse practitioners. But Romney's bragging about job creation, and there's no indication whatsoever that any private equity types ever cared the least little bit about job creation, and far more often went for downsizing, outsourcing, and shipping jobs overseas. Then there's the issue of "capitalism", which apparently key Republican phraseologist Frank Luntz has a problem with. 1. Don't say 'capitalism.' "I'm trying to get that word removed and we're replacing it with either 'economic freedom' or 'free market,' " Luntz said. "The public . . . still prefers capitalism to socialism, but they think capitalism is immoral. And if we're seen as defenders of quote, Wall Street, end quote, we've got a problem." news.yahoo.com Ahem. There's a little too much to untangle there. Personally, I don't think capitalism per se is a problem, and I'd call it more amoral than immoral, but capitalism as currently operated by Wall St. is, um, pretty problematic. And it'll be really rich if Romney tries to disassociate himself from Wall St. Same thing for the Republican party as a whole. Which talks us back to the pro forma sessions and what the Rs are actually fighting against here- some minimal oversight and regulation of the masters of the universe run wild. I think it's pretty clear which side they're on in that battle, and if Frank Luntz can come up with a pithy phrase to rhetorically break those ties that bind, I will be mighty darned impressed.