Trump earned his billions by his HARD WORK. whereas Willard did it by shuffling money around, much like Warren Buffet.
Even worse. Romney made his money by asset stripping. Buying companies and parting them out.
I know he did, or at least Bain Capital did.
Bears repeating. "Corporate raider." See too, AMF.
“Even worse. Romney made his money by asset stripping. Buying companies and parting them out.”
I’m not a Romney fan, but asset stripping isn’t a bad thing. Had a company similar to Romney’s company (what was that ... Bane Capital?) taken over GM, stripped its assets, and sold off various entities in a logical manner, we probably would have had a few healthy American automobile companies right now.
Instead, we maintained the status quo and simply bailed out the UAW for the most part. No problems were solved. GM continues to be a flat growth company even after the bailouts. One small deviation from the norm and they’re right back where they were.
There were better ways to handle that situation by selling key, core assets to new owners. That would bode well for all parties involved, but it wouldn’t have helped the Democrats or the union thugs.
Of course, I don’t know how Romney handled retirees that may have been impacted by his decisions. I would not want to see GM pension recipients get screwed despite my personal disdain for unions (unions screwed my father over, but he was still union through and through right up until the day he died ... I find them sickening as union leadership does nothing but use people for cash and political power anymore ... they make ridiculous demands and take on zero risk).
Still, breaking up dead weight isn’t necessarily a bad thing overall, and if you happen to have a businessman with something that resembles morals, you can both profit handsomely from such a situation and bring seemingly dead weight back to life ... that leads to job growth and a growing economy ... that’s an environment where all former and current GM employees could thrive. Instead, we get yet another Obamanation.