On the campaign trail, Mitt Romney points to his private sector experience as his chief qualification to be president.What other companies loaded up on debt and then went bankrupt, leaving workers without jobs, but enriching well-connected investors? Solyndra comes to mind.
So we took a look at that experience, and put together a new site, RomneyEconomics.com, on it. Take a look for yourself here.
Let me sum up how Romney economics works:
Romney and his partners bought companies across the United States, often loading them up with debt in the process.
Too often, they slashed pensions, benefits, and jobs, while paying themselves and their shareholders straight from the debt they'd accumulated.
Because of that debt, several of these businesses went bankrupt, leaving workers without jobs, without pensions, and without health care -- all while Romney and his partners walked away with millions.
What else has piled on the debt while shedding jobs? The US under Obama.
Like so many Democrat criticisms of Republicans, this one seems driven by psychological projection.
PREVIOUSLY on the subject of psychological projection:
•Liberals and their vivid imagination
•Homophobia and liberals
•More psychological projection: Democrats says those racists call them names
•The masters of astroturf claim that tea parties are astroturf
•Air America projects hate
•Air America fantasizes a right-wing hate machine
•Syria imagines that Israel does not want peace
•The New Republic says lying is 2nd nature to Republicans
•Rahm Emanuel caught projecting his strategy onto Republicans
•Alec Baldwin projects his hate onto Republicans
•Progessives and prejudice and hate
•HuffPost blogger projects enviro-hypocrisy
•Dems accuse other Dems of acting like Republicans