Browsing the blog archivesfor the day Tuesday, October 9th, 2012.


Jack Welch: Not So Tough

Wingnuts Being Wingnuts

Legendary Hero-CEO of GE and Colossus of Capitalism Jack Welch was ridiculed pretty soundly for his jobs report tweeting. Stunned and bewildered, he has gone home to sulk and spend quality time with his pet blanket. I hope he doesn’t run out of smelling salts.

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Mitt’s China Syndrome

Mittens

This just up at Mother Jones —

… according to Romney’s recent tax returns, between 2008-2011 Romney invested more than a half million dollars in the stocks of 10 Chinese companies—including firms that embezzled, partnered with Iran, and stole US intellectual property.

Coming to an Obama campaign video near you.

Romney has long invested in China, putting millions into Chinese firms back when he ran Bain Capital, as MoJo’s DC bureau chief David Corn first exposed in several reports this summer.

Romney has said that he has no role in managing his personal investments; one of his aides told the Financial Times recently that Malt works “to make the investments in the blind trust conform to Governor Romney’s positions, and whenever it comes to his attention that there is something inconsistent, he ends the investment.” But back in 1994 Romney himself said that blind trusts don’t absolve an investor of responsibility: “The blind trust is an age old ruse, if you will, which is to say, you can always tell the blind trust what it can and cannot do. You give a blind trust rules.”

Lots of interesting details here. For example, while Mitt has been railing against Chinese companies stealing U.S. patents, one of the companies he invested in is a convicted patent-stealer.

Update: See also “Bain Tobacco” —

Ghosh’s work for cigarette companies was chaotic, unbridled and, ultimately, deadly. To Mitt Romney and his colleagues at Bain & Co., it was a chance to rake in money. Ghosh said he reported directly to Romney, who was excited about the Russian market. “He was my boss,” Ghosh said.

At the time, Romney was CEO of Bain & Co., the Boston-based consulting firm that launched his white-collar career and led him into the high-stakes world of corporate buyouts. Although Romney’s activities helming the private equity giant Bain Capital have drawn significant attention, his role at Bain & Co. has received almost no public scrutiny. A Huffington Post investigation into Bain’s tobacco work found that the consulting firm helped Philip Morris increase its revenues in the U.S., and aided two other tobacco titans as they vied to move forcefully into the Russian market.

Yes, Mittens was pushing American cigarettes in Russia. But, really, this was about patriotism. Since Russia is America’s “number one geopolitical foe,” Mittens was doing his bit by giving the Russians lung cancer.

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Indoctrinating Our Children!

entertainment and popular culture
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When Talking Points Collide

Mittens

Watch Paul Ryan fail to get his story straight —

Ryan is not just stupid, but stupid with resolve. No wonder the righties admire him.

See also Michael Tomasky.

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