Mitt Romney’s (Real) Plans for the Middle Class

With the last presidential debate behind us and the election two weeks before us, here are some stories you may find interesting:

–The Romney Economy: Too Few (American) Jobs, Too Little Pay: Elizabeth Parisian writes in The Huffington Post — Lest we forget, Bain Capital is Mitt Romney. It’s the company he founded, and it’s his many years running Bain that he cites as proof that he will be the guy to create jobs for the one in six Americans struggling with unemployment and underemployment. By now, Bain’s history of offshoring jobs is well documented — but what about the jobs it doesn’t outsource?

Turns out they’re really crummy. According to a recent report by the National Employment Law Project (NELP), many of the fifty largest minimum wage employers in the country are either currently owned or have been owned by Bain Capital in recent years, including:

#17: Dunkin’ Brands, which owns Dunkin’ Donuts and Baskin Robbins and is currently owned by Bain Capital. U.S. workforce: 132,000 employees.

#25: Bloomin’ Brands, which owns Outback Steakhouse among other causal-dining restaurant chains and is currently owned by Bain Capital. U.S. workforce: 85,200 employees. Incidentally, this is the same company that is trying to lower the minimum wage in Florida.

#45: Staples, Inc., for which Romney provided investment funds back in 1985 and served on the board for over a decade. U.S. workforce: 32,991.

#20: Domino’s Pizza, Inc., owned by Bain Capital from 1998-2010. U.S. workforce: 98,220.

#7: Burger King, acquired by Bain Capital from 2002-2010. U.S. workforce: 191,815.

These five companies alone account for about half a million workers — workers who get up every day to work for $7.25 an hour or close to it, usually with little or no benefits, in order to help these companies grow so that their profits can be funneled directly into the pockets of Bain Capital investors like Romney. (Read the rest of the blog and other columns here.)

 

–Romney Working to Eliminate the Postal Service: Mitt Romney and his economic advisors like Kevin Hassett have a clear message in how a Romney administration would address the US Postal Service. It’s fairly simple; they would eliminate it.

Kevin Hassett a key Romney economic advisor, while writing for the American Enterprise Institute,  stated first they have to rewrite the rule concerning universal service. ”It would be trivial to fully privatize postal delivery with guaranteed universal service. We need only write regulations that require firms that compete for postal business to provide universal service.”

He then addresses the obstacle to this idea both unions and Democrats. Why has the Republican party turned a non-partisan government service into a polarizing political issue? Hassett:”The Democrats will never let us do that, of course. The political might of the public employee unions is just too great. ” So clearly weakening the Postal Unions is the first step towards their elimination. Other federal unions are soon to be next in line.(The rest of this New Hampshire Labor News story can be read here.)

 

–What’s Mtt Romney’s Plan for Unions and Workers? The Transport Workers (TWU) union is reminding all working people why they should get out and vote Nov. 6. What are Mitt Romney’s plans for collective bargaining, project labor agreements and “right to work” for less laws? Watch TWU’s new video,“Mitt’s Plan for the American Worker,” to find out. (This from the AFL-CIO Blog.)

 

–Mitt Romney: Salesman and BS Artist of the Highest Order: Mitt Romney is lying to everyone and it may just win him the election, according to Matt Taibbi.

“He’s just casting off from his moorings and being what he basically is at heart, which is a salesman and bull**** artist of the highest order,” the Rolling Stone contributing editor wrote of Romney in a blog post Friday.

“He’s run all fall on completely made-up, mathematically-incoherent jobs and tax plans… and the presidency is in sight,” Taibbi continued.

Romney and his running-mate Rep. Paul Ryan (R-Wis.) have lied more often than President Barack Obama and Vice President Joe Biden during the campaign, according to a new analysis of Politifact rulings by Eclecta Blog. The blog also found that Romney has said 59 percent of all “Pants on Fire” lies made by the four candidates, according to Politifact. (Read The Huffington Post article here.)

 

–Obama on Mitt’s Debate Romnesia: ‘We Had a Severe Outbreak Last Night’: (From Jed Lewison at The Daily Kos): Romnesia came roaring back last night—and President Obama says it looks like a stage 3 outbreak:

Aside from offering different examples (the auto bailout, Medicare, and teachers) than he did last week, President Obama also made the case that all kidding aside, Romnesia is actually an important issue, because it gets to the question of trust. He said voters could trust him and what he’ll fight for—but that Romney’s record and rhetoric show that Romney just can’t be trusted.

(View the video here.)

(Romney illustration: Nation of Change)

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