Mitt Romney’s Scourge of Private Equity Vampirism

We like people who contribute to our society, people who build, who create goods and services, who create jobs. We have a word for people who suck the life’s blood out of others: vampires. Vampires are parasites. Vampires do not sparkle. We don’t like vampires. We want to protect ourselves from them.

If private equity’s icon, Mitt Romney, wants to know why he is liked far less than Barack Obama, he has only to look in the mirror. He is not a likeable person. If he wants to know how much less liked he is: In a new USA Today-Gallup, the Washington Post reported Sunday, “President Obama crushed Romney — 60 percent to 30 percent — on the question of which of the two was more likable.” The Post goes on to say that,

Things were no better in April, a Washington Post-ABC News poll found an even larger gap, with 64 percent of those surveyed describing Obama as the friendlier, more likable candidate, and only 26 percent saying that about Romney.

Why don’t people like Mitt Romney? Because like a vampire, Mitt Romney uses people. He sucks them dry, making what was theirs his, and tosses their husks aside and moves on to another.

In his career at Bain Capital, Romney did not create jobs. He didn’t found any companies that would hire people and drive the economy. He fired people. He likes to fire people. He likes to outsource jobs. Romney did not and does not create any goods or services. He creates wealth – for himself.

Romney has not positively benefitted society. Not in any discernible way, shape, or form. Romney has benefitted himself at the expense of others.

What is there to like? Mitt Romney is a wrecking ball. He wrecks businesses, he wrecks lives. People don’t like people who destroy rather than create. Throughout history, people who destroy rather than create are villains. Romney is a villain. We want Thor to win, not Loki.

The Romney campaign can come back with excuses like this:

“We’re not going to win a personality contest. It’s not an election for class president. It’s who can best solve the problems of the country,” said Romney’s pollster, Neil Newhouse. “Likability isn’t fixing the economy or helping the middle class make ends meet.”

But…

As the Post titles their article, this is Mitt’s problem. He only pretends it isn’t because he knows there is nothing he can do about it.

Nor has this unlikable, walking gaffe machine done anything to convince people he can solve the problems of this country, unless he means to do it like he ran Bain, by firing people, outsourcing jobs, and destroying lives.

I don’t think that’s what most of us want in a president. John MacIntosh “a partner at Warburg Pincus, a leading global private equity firm, where he worked from 1994 to 2006 in New York, Tokyo and London” wrote a piece Saturday for CNN’s Election Center. Being a guy who once did what Romney did, MacIntosh says to Romney: “Mitt, tell the full story of your business career.”

Romney won’t, and the reason is obvious if you read MacIntosh’s piece. Romney the private equity capitalist isn’t a producer of jobs, a potential savior of the American economy; he is a destroyer of worlds.

This is what MacIntosh would have Romney admit to:

I made most of my money from buying and selling a dozen or so companies with other people’s money; mostly uninteresting mid-sized companies that nobody particularly wanted; and I got to keep 20% of the difference between the purchase and sale price plus any cash I could take out while I owned them.

Romney says his experience at Bain qualifies him to be president, But MacIntosh explains exactly how Romney ran Bain. Pray he does not run our country like this because to a man like Romney, we are just a means to a Mitt-friendly end:

Unfortunately everything worth doing can be overdone and sometimes I went from taking risks that were already there to making risks that weren’t. Why? Because the company I wanted to buy was too boring, too well run, or too expensive to give me a decent chance of making real money unless I increased the level of risk. And this risk, usually excessive borrowing that I forced the company to take on (usually so that I could buy it) was borne by the company and its employees, customers and vendors with occasionally dire consequences.

There is nothing pretty or wholesome about what Romney did at Bain; did to people; how he destroyed businesses, jobs, and lives, in order to have cash to stuff into his pockets or to make $10,000 bets or to squirrel away overseas where it could be hidden from the IRS. Vampires act this way: not American presidents.

We want Abraham Lincoln the Vampire Hunter. We don’t want the vampires. Lincoln was value-added, whether he killed vampires or not. Vampires are parasites, feeing off humanity. That is exactly what Romney did at Bain. He fed off people. Used them. Sucked them dry. Discarded them when they were was nothing left to benefit Mitt Romney.

And he didn’t add the money he made back into our economy. He didn’t create jobs with it. What people saw trickling down was Mitt pissing on them from his foreign-funded, tax-sheltered, government-subsidized throne.

When MacIntosh writes for Mitt, “ I wasn’t very nice. I always acted in my own economic interest, I quantified everything, I thought creatively about what could be done (not what should), I treated people as means not ends, and I regularly did to others what I would never want done to myself, my friends or my family” Americans should take heed. This is not a man we want running our country. The United States government is not the position for a CEO; it is not there to enrich the man who runs it.

The employees of a company exist to serve the interests of those who run the company: people like Mitt Romney. But the president of the United States exists to serve the people in whom political power rests – the People. Not his bank accounts, not his portfolio, not his foreign tax havens or his vacation homes, and not his ambition.

Let Romney buy some other country and bleed it dry. Ours country is not for the likes of economic parasites like Mitt Romney. We don’t need Romney; we don’t want Romney. Vampires aren’t welcome in these parts.

Now, if anyone has any holy water, throw it now, before it’s too late.

Image: Boston Globe

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22 Replies to “Mitt Romney’s Scourge of Private Equity Vampirism”

  1. It isn’t entirerly accurate to say that Willard actually enjoys firing people, really, or enjoys sending jobs overseas. He DOES enjoy lowering costs, increasing revenue and making the stockholders happy. Good for Bain? Yss. Good for the country? Absolutely not.

  2. The quote about firing was “I like being able to fire people who provide services to me. You know, if someone doesn’t give me the good service I need, I want to say, ‘You know, I’m going to get someone else to provide this service to me.’”

    This was supposedly an affirmation of the ability to choose a service, not a personal preference that firing people’s fun.

    I don’t like Romney, he’s a tool, but let’s get the fact straight. Don’t turn into Faux News, liberals are better than that…

  3. Ah,Harf, you might want to re-word this sentence:

    “…Mitt Romney, wants to know why he is liked far less than Barack Obama, he has only to look in the mirror…”

    As I recall, there’s this thing vampires have with mirrors…has anyone check him as he passes one? I don’t think he dresses himself (Mr Mom Jeans) and his hair never moves…

    I leave you to draw your own conclusion…

  4. ..and manufacture pitch forks, torches, steel-turtle neck shirts…no, fancy neck guards (S,M,L,XL) to wear under dress shirts or causal wear, or, over mom jeans just in case your rump side gets exposed in a hostile take over…no wait, magic under wear!

  5. Gee – how bad could it be?
    Let’s not forget that for eight years we had a former CEO & Board Chair, it was Dick Cheney/ Halliburton. He ran America, using Bush as his puppet. And now he is back and all the Bushies, minus the puppet. How could we possibly consider putting this insane band of robbers back in charge of our Country???

  6. Mr. Romney wants the power his money can often purchase. Selfish motives beget selfish results. The proof is right before us.

  7. The article makes an inference that since Wrongney is an intelligent man, and knows what effects his vulture capitalism will have on families it does not seem that he minds too much making money off of business dealings that fire people, and put their lives and the lives of their children in jeopardy. I don’t think he giggles at the thought of destroying people’s lives, but his ability to take this consequence into account shows just what a money driven, heartless bastard he really is. There is much to say for his highly privileged life so far disconnected from the majority of Americans, so buffered from real life by his money. It shows how money can bring out the worst in people, but for a man seeking the presidency it is no excuse for all of the selfish decisions he has made that led him to who he is today.

  8. You cannot bifurcate Willard’s happiness at firing people, or destroying jobs, from his glee at earning millions in the process. He could still make money without outsourcing, closing companies etc, but it wouldn’t be mega-millions. Couple that with his “thoughtful prayer” in deciding to lay waste to Americans’ jobs, and it informs his commitment to happiness…his and his wealthy investor friends.

  9. “We like people who contribute to our society, people who build, who create goods and services, who create jobs. We have a word for people who suck the life’s blood out of others: vampires. Vampires are parasites. Vampires do not sparkle. We don’t like vampires. We want to protect ourselves from them.”

    Is the writer talking about Public Sector employees? They produce nothing and just suck a living off of productive taxpayers like cancred bloated leeches.

  10. At the level that Romney exists, power and money are intertwined.

    More power = more money.
    More money = more power. (An increase in one leads to an increase in the other, and then back to the first.)

    They forget that power corrupts, and absolute power corrupts absolutely.

    (The vaccine for corruption is a big dose of humility, which our President has shown in great measure.)

    I’d agree that he’s after power, but I never forget his religious beliefs and aspirations. Those explain a lot… you can readily find an explanation for nearly everything he says and does if you look at it through the lens of his religion. It may be quite stupid or insulting to people outside of his worldview, but makes perfect sense to those within.

    I’d also argue that a characteristic of fundamentalism is a strict hierarchal structure and exploitation (and harm) of the weak and powerless… exactly what he’s done.

  11. I would be greatly surprised if Romney DIDN’T like and get a rush out of firing people. That is one expression of power, and people like him are addicted to showing off their power.

    Having and demonstrating power is supposed to have quite a rush associated with it.

  12. If you are the product of public education, Atlas, then you may have a just complaint against your teachers. On the other hand, they may have one against you.

  13. Seriously, Raynardine. What, exactly, do public sector employees produce?

    Answer: nothing of value to either the economy or their fellow citizens.

    Nor do do public school teachers do a particularly noteworthy job seeing as how we have the stupidest students on the planet and they have the test score to prove it.

  14. Ever gone to a faucet for a glass of safe drinking water, Atlas?

    Driven over a bridge?

    Fired up your computer using electricity?

  15. Well, for one thing, when you compare privatized services against those provided directly by government employees, the government employees are far more efficient, less apt to “make mistakes” (denying qualified people aid, for instance), and have less turnover. Private companies are far less likely to hire minorities, and usually pay far less and don’t provide benefits (and any form of job security). Much of the money they get goes into profits… which end up in the pockets of the rich – which is a big negative.

    You can add that to all of the things mentioned by 1voice1vote.

  16. Now Mitt Romney says he is going to spend the next 60 days introducing himself to the American people -hav’nt we suffered enough?
    Funny comments I read this am ‘why does he walk like that?’ He minces! Perhaps he is constipated!

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