Why Mitt’s Money Matters

Gawker’s  Mobutu Sese Seko writes about why it is important for Americans to know about Mitt Romney’s business practices. It seems obvious that, if you want Americans to vote for you based on your successes in business, you should expect to share the how’s and why’s with the voting public. Unlike religion, politics should never be taken on faith.

Here is one part of the well-written article (emphases mine):

Asking how Romney became wealthy and how he manages wealth transgresses nothing. It is not an unreasonable intrusion or a heretical line of inquiry. There is not and will never be a minimum number of zeroes to your net worth that confers either absolution or immunity.

More to the point, Romney has, at every step of the way, induced and nurtured this line of inquiry. He has made the existence of his bank statement (or what he claims it is) and the existence of his business practices (and what he claims they are) the alpha and omega of his presidential qualifications. But even a pop-cultural understanding of an entity like Bain Capital demonstrates a set of practices that optimize the distribution of wealth upward and prioritize the profit-making of few against the whole—a fiscal strategy antithetical to the prosperity of every citizen of a nation.

What that general understanding tells us is bad enough. But looking over those 950 pages of documents, we see another profit strategy, one geared toward exempting people from transactional fees and taxes, sheltering wealth overseas and ensuring that everyday business is emphatically none of America’s business. There is no reasonable way to apply that strategy to a nation, unless you’re draining its prosperity upward. You cannot run America by avoiding American regulation. You cannot offshore “America.” You can’t set, as American policy, the guarantee that its left hand is unstintingly unaware of the behavior of its right.

Why Mitt’s Money Matters

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