Saturday, July 14, 2012

Free stuff.

Taibbi points out quite rightly that Willard doesn't object to "free stuff" when it's for rich assholes.

As far as free lunches go, we of course just witnessed the biggest government handout in history, one that Romney himself endorsed. Four and a half trillion dollars in bailout money already disbursed, trillions more still at risk in guarantees and loans, sixteen trillion dollars in emergency lending from the Federal Reserve, two trillion in quantitative easing, etc. etc. All of this money went to Romney’s pals in the Wall Street banks that for years helped Romney take over companies with mountains of borrowed cash. Now, after these banks crashed, executives at those same firms used those public funds to pay themselves massive salaries, which is exactly the opposite of “helping those who need help,” if you’re keeping score.   
That set of facts alone made the “free stuff” speech shockingly offensive. But the problem isn’t just that Romney’s wrong, and a hypocrite, and cynically furthering dangerous and irresponsible stereotypes in order to advance some harebrained electoral ploy involving white conservative voters. What makes it gross is the way he did it.

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