Friday September 7, 2012

I don’t know why it took so long but Matt Taibbi can take credit for having the courage to write an article in the Sept. 13 issue Rolling Stone Magazine titled " Greed & Debt -- The True Story of Mitt Romney & Bain Capital" that blows the lid off of Mitt Romney’s cover. He can no longer claim to be the guy who will "create millions of jobs."

In this disturbing and detailed account of Romney’s business dealings, you will have all of the information that you’ll need to make the only qualified choice for president. If you can read this article and not feel anything but disgust and loathing, than I’m guessing you must belong to that smug 1 percent of voters with no conscience and money enough not to give a damn!

Taibbi describes what really happened with the demise of our very own KB Toys here in Pittsfield. Things started to unravel quickly at KB Toys while Romney was still part owner of Bain Capital. I quote from Taibbi’s article: "The debacle that followed serves as a prime example of the conflict between the old model of American Business, built from the ground up with the sweat and industry know-how and the new globalist model, the Romney model which uses leverage as a weapon of high speed conquest."

Romney and his Bain buddies invested $18 million to acquire KB Toys and got big banks to finance the remaining $302 million. Taibbi explains that Bain "induced KB to take out $66 million in bank loans" and in a complex series of dealings, KB was forced into bankruptcy.


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Romney and his Bain partners walked away with a cool $83 million and the employees of KB lost their livelihoods and never received even a single day’s severance! Great work if you can get it -- putting the working class out on the street while collecting more money than we’ll ever see in 100 lifetimes. This piece should be mandatory reading for all voters.

Keep in mind as Nov. 6 approaches that this is a defining moment in all of our lives. Barack Obama deserves the chance to complete his mission, and perhaps if granted a second term, he will not face obstructionists at every turn. If we are lucky enough to have Obama in the White House until 2016, perhaps the Republicans will stand aside and allow him to do the job that we hired him to do and that is to work for all Americans to ensure a better quality of life for everyone. Keep in mind that it was the Republicans that were willing to let our economy totally collapse rather than allow Obama to raise the debt ceiling, something that is common practice and one that Bush did over a dozen times!

The choice is a simple one -- move way back, or move forward with confidence that the voice of the common man will be heard and progress will be made.

DEBRA JOHNSON

Pittsfield