MITT THE FLIP FLOPPER WINS NH

Now It’s on to South Carolina!

By Victor M Adamus

After seven years of running for President, Mitt Romney wins a two-fer, setting himself up for running the table in the bid for the Republican Nomination.  In his acceptance speech he borrowed from Saint Ronnie “the shining city on a hill”.  That must be Wall Street he’s talking about because even in the Reagan era the only people who made it to the hill were immoral capitalists, not the middle income sector.  In fact, Reagan fired the nation’s airport traffic controllers, breaking the backs of all unions, and setting the stage for trickle down, a theory that never put a dime in my tin cup.  I’m still waiting.

Romney never mentioned in his victory speech last night his form of capitalism which is based on exploiting cash cow companies for their tax advantages.  At Bain Capital it worked so well for him he became a multi-millionaire, the only candidate running for President with deep pockets.  Bain made huge profits.  But the profits came from stealing the high value end of the company it raided and left the workers unemployed.  Quite a record for the guys on that shining hill.

Hedge Fund Operators are the blight of Wall Street.  They twist regulations or in the Bush Administration operated on de-regulation which caused the crooks to take out the stock market and housing market at the same time, making huge profits, but leaving the country’s taxpayers to bail out those too big to fail.  Imagine what this country would look like if they bailed out the taxpayers instead.

Government wasn’t too big for Romney back then but today his running pledge is to cut government spending on social programs and keep the war profiteers at any cost.  Education, Social Security, Medicare and maybe the Federal Reserve get the axe if he’s elected President.

I think the Democrats have enough to work with knowing Romney also carries luggage from the previous administration.  It’s almost a no brainer.  It will get better when on the campaign trail voters force Romney to disclose his tax filings with the IRS.  Once we learn he pays no taxes, even middle America who votes Republican will choke.

And so it’s on to South Carolina, last stop for the rest of the candidates to take out the frontrunner but there is little doubt that can happen.  Combined, they just can’t compete with Romney’s deep pockets.