Reich Tweets

ineqRobert Reich, former Secretary of Labor under Bill Clinton, still has a lot of friends in Washington on both sides of the aisle. He recently took a trip back to the capitol city and tweeted his spot-on accurate assessment of the nation and the administration.

1. Washington is more divided, angry, bewildered, and fearful — than I’ve ever seen it.

2. The angry divisions aren’t just Democrats versus Republicans. Rancor is also exploding inside the Republican Party.

3. Republicans (and their patrons in big business) no longer believe Trump will give them cover to do what they want to do. They’re becoming afraid Trump is genuinely nuts, and he’ll pull the party down with him.

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Private Equity

I found this explanation of the process of private equity companies like Bain Capital quite informative. I do realize that there are some businesses that go through the process and come out stronger in the end but the bottom line seems to be that the private equity company makes huge profits at the expense of the taxpayers whether the takeover is successful or not. In some instances I understand that being unsuccessful is even far more profitable. And let’s not even consider that much of the wealth gained is swiftly moved offshore to avoid even more taxes.

Watch Robert Reich explain:

Romney’s Lying Machine

Robert Reich in his BLOG discusses the overt and oft repeated lies coming from Mitt Romney or his supporters. Reich contends that with all the money the Romney campaign and other dark money organizations are putting behind political ads in the battleground states, the obvious lies are gradually gaining some ground:  people think they’re true no matter how many other outlets demonstrate that they are lies.

This, of course, is the Goebbels contribution to political campaigning:

“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”

Reich ends his post by summarizing the question of what kind of man Romney actually is:

So Romney’s lying machine is working.

But what does all this tell us about the man who is running this lying machine? (Or if Romney’s not running it, what does it tell us about a man who would select the people who are?)

We knew he was a cypher — that he’ll say and do whatever is expedient, change positions like a chameleon, eschew any core principles.

Yet resorting to outright lies — and organizing a presidential campaign around a series of lies — reveals a whole new level of cynicism, a profound disdain for what remains of civility in public life, and a disrespect of the democratic process.

The question is whether someone who is willing to resort to such calculated lies, and build a campaign machine around them, can be worthy of the public’s trust with the most powerful office in the world.

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