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Internal memo shows Romney wants to run US like Bain Capital
5/25/2012 3:32 PM Matt Rock
Presumptive GOP nominee Mitt Romney apparently has an economic plan for America that he isn't advertising on his campaign's website. An internal campaign memo, seen previously only by senior-level staffers that are expected to follow Romney into the West Wing should he defeat President Obama in November, explains a plan that Romney hopes to implement on day one, running the United States in a fashion very similar to how he ran Bain Capital... using vulture capitalism.
According to Romney's alleged plan, he'd begin by getting China and other nations to offer massive loans to the United States, which he'd assign to a special, newly-created department of the US Treasury. Next, he'd cut costs by firing 2.4 million of the 2.65 million Federal workers nationwide, selling Federal assets at bargain-bin prices since he wouldn't need their buildings, computers, etc.
With that out of the way, Romney's next step would be to offer the United States itself as collateral and take out massive bank loans from many of the world's most powerful financial institutions, bringing in hundreds of billions, if not trillions, of dollars, while jacking up tax rates to pay the interest payments on those new debts. Romney will use these loans to pay back the nations that invested in the first place, and to pay down 85% to 100% of the national debt, securing him a second term while not explaining to the American people that they have even more debt than they started out with.
The next step, however, is the most shocking yet: he'll sell the United States entirely, allowing global corporations and other nations to place bids on all of the fifty States. Suddenly, Kansas might be owned by McDonald's. Microsoft might purchase Washington State. The whole country would be auctioned off, from annexed islands like Guam to the biggest states of Texas and Alaska.
Romney's administration, keeping Washington DC for themselves, would keep up to 20% of the profits from these sales for themselves; a little treat for a job well done. And “the best part is,” according to Romney, “we wouldn't have to pay so much as a nickel in taxes, capital gains or otherwise, because America would be owned primarily by corporations, who wouldn't tax us... a reward for a job well done!” - Return to Previous Page
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