There are a lot of reasons to be grateful David Corn and Mother Jones have become a trusted company for those seeking to tell the truth about Bain and Romney's activities.
There are the videos made by former employees of companies exploited by Bain and Romney that are finally vindicated for their activism.
Does Mitt Romney Care About Jobs or Just Making Money? (click here)
I am happy for them as there is now sound proof of their observations and claims. Who are the real Americans, huh? The ones at the lathe or the ones with monies in the offshore accounts?
The structure and methodology Bain worked with was obvious, but, there was no solid proof. There were no forthcoming records to prove the companies sold off and merged were ever in financial trouble. Employees could make their claims, but, there were 'the missing books.' There was 'doubt' allowing the claims of 'job killer' to wash away as insinuations. But, this is proof.
It is easy now to look at the companies involved and find the 'break points' where it was sustained for a short time (I consider labor for five to seven years a short duration. Work longevity is security for Americans. Work longevity is a reason to make the plant hum and invest in making products the best they can be. Work longevity is the reason for the suggestion box.) and then sold off for cash flow purposes at Bain.
Private equity is not about long term investment. By the very nature of the business whereby investors are looking for high returns on their investment there is little doubt the private equity companies are harmful to any economy, not just the USA. It is astounding to me they actually developed IPOs. Money, money, money in whatever way they can get it.
It makes all too much sense now and realizing how office supply companies in business for decades from the early days of the 20th century were simply merged into the highest profitability model creating Office Depot where imports are sold in volume.
It occurred again when sports stores, once purchasing Made in the USA goods for their enterprise suddenly changed hands and merged to create Sports Authority.
USA companies that provided lives with good incomes were merged to create a store where today, the only employees making a living wage are the managers.
The timeline exactly matches the 5 to 7 year methodology of Bain Capital.
The steel plant closed within that time frame. It never mattered that Romney left Bain before the plant was closed and dismantled with parts going to the highest bidder; 'the plans were in place.' Romney maintained control to be sure he got his fair share when it occurred.
I believe he stated, "Look, you guys are going to make a lot of money."
Retro-retirement is a new rule in the world created by Romney. Retro-retirement is a 'Make Your Own Rules' paradigm no different than when Romney pays taxes to game the system for a benevolent image to the public.
It all fits. All of it.
Vindication, Mr. Corn. This is vindication for all those that came forward for so many years and time and again. They were not lying. They did not hate Mitt. They did not favor a Democratic outcome. They knew what they knew about him and it scared them to have him obtain the power of the USA Presidency.
Heroes is the word that comes to mind. You with the power of Mother Jones, the integrity you brought to others with that power and the power of the individual to be truth-tellers.
