In honor of Romney’s docu-dump (550 pages, more than a ream of paper) of just two years’ worth of tax returns, I give you Doghouse Riley:
… There’s no sacred text of Alexander Hamilton which consecrates what was done at Bain. There’s no shrine to unfettered rapine honored in every American household. What Bain did–what Willard Mitt Romney and his two hard-scrabbled Hahvahd degrees did–was take every advantage of a gamed system, a gamed system we can call, not for want of a better term but because there is no better term, the Reagan Revolution.
Faced with a troubled, stagnant economy which was in trouble, and had stagnated, largely because its multinational colossi did not want to be bothered adapting to a changing world–one in which energy wasn’t plentiful and cheap, one in which the United States did not stand as the only global player, one in which consumers had begun to take their rightful place in the endless merry-go-round of merchantilism–in other words, the world of the 21st century, the one we’re failing to adapt to today–unless their built-in advantages were preserved. So the Reagan administration, and the Western-Southern alliance in the Congress, defanged and dismantled the legislative safeguards which had for two generations somewhat leveled the playing field, and protected the vulnerable public from the worst of Boom and Bust. Which allowed the “visionaries” and “tenacious achievers” to bleed the system, to convert assets into cash. Meanwhile destroying the assets.
Fooled plenty of people. Made Reagan look like an Economic Miracle Worker, provided you didn’t look too closely or ask why he simultaneously had the worst jobs creation record of any post-war President. Until his successor inherited the snake oil inventory.
That’s what Romney did; his tireless efforts were designed to prove that any idiot with money can make more money, provided making more money is the only thing he cares about.
Apart from the State of the Union address — or, as the Media Village courtiers are pleased to call it, “President Obama’s inaugural campaign speech of 2012” — what’s on the agenda for the evening?
Bless their dedicated souls, the Guardian is liveblogging the State of the Union!