“The American people will never knowingly adopt Socialism. But under the name of ‘liberalism’ they will adopt every fragment of the Socialist program, until one day America will be a Socialist nation, without knowing how it happened.”

Socialist Party presidential candidate Norman Thomas

Monday, January 09, 2012

Debbie Wasserman-Shultz couldn't think her way off a stuck escalator

Here's loathsome dingbat, DNC Chair Debbie Wasserman-Shultz trying to convince Chris Wallace that Mitt Romney is responsible for Bain Capital holdings layoffs, but President Obama isn't responsible for jobs lost by Solyndra....

I would argue that Romney is far less responsible than Obama for the respective job losses. Romney's company Bain Capital purposefully took over failing companies and created usable capital for other ventures. Those jobs were lost already.

With Solyndra, Obama infused half a billion taxpayer dollars into a company he should have known was going bankrupt soon, but fleeced the American people into believing those "green" jobs were worth the investment.

Romney's company is part of the capitalist system of "creative destruction" that is necessary for any economy to thrive. Bad capital must be gotten rid of so those resources may be allocated more efficiently elsewhere. Yes, jobs were lost, but not by Romney. Those companies were already going under. When that capital gets used somewhere else, jobs will be created. With Solyndra, jobs were lost, not one was created....plus a half billion taxpayer dollars were stolen by somebody.

Wasserman-Shultz knows better, or maybe she doesn't, but she can't figure out how to spin it to Chris so it's believable. She just comes off looking like the moron she is.

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