Tuesday, May 29, 2012

The Invisible Sledgehammer In The Invisible Hand Of The Market

Johnny Volcano tell the truth again:

In defending Mitt Romney’s private sector experience Sunday, top surrogate Sen. John McCain (R-AZ) explained that capitalism can be “cruel.”

“This is the free enterprise system. The only place in the world that I can recall where companies never failed was the old Soviet Union,” McCain said on “Fox News Sunday.” “And yes, the free enterprise system can be cruel.”

It exists to cull the weak and endorse the rich, who invest and decide who wins and who loses.  And Mitt Romney wants to do that to all of America.

The Obama campaign has run attack ads highlighting jobs lost at companies owned by Bain Capital, which Romney led. Host Wallace dug up quotes from McCain’s GOP primary campaign against Romney four years ago in which he criticized his Bain Capital record as well.

He managed companies, and he bought and he sold, and sometimes people lost their jobs,” McCain said at the time.

McCain stood by that comment Sunday, arguing that that’s how capitalism works. McCain cited the example of Bain Capital investing in Staples, a successful Bain investment, before turning to attack President Obama. It’s a lack of investment in small businesses that is stifling job growth today, McCain contended.

Sure.  And Mitt Romney wants to run America's government like a for-profit enterprise.  The sick, the poor, the elderly, well, they're a net drain on profits.

We'll have to downsize them under a Romney government, of course.

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