Bad Company

Over the years, Romney?s political opponents have exploited the public?s misgivings. They?ve argued that he didn?t really earn the money he made, that he put profits before the public interest, and that he enriched himself at the expense of ordinary people. The harshest of these critiques was a video distributed this year by a PAC supporting Newt Gingrich. It began by extolling the values of free enterprise: ?Capitalism made America great. Free markets, innovation, hard work.? But it argued that Romney had subverted these values. Instead of building enterprises and communities, he had raided and stripped family businesses, ?dumping? their stock and ?playing the system for a quick buck.? Instead of improving products, he had cheapened them. Instead of hiring people, he had fired them to squeeze out extra profits. Instead of helping his country, he had ?sent jobs overseas.? Instead of nurturing companies, he had loaded them with debt and siphoned out the money. Instead of serving small investors, he had suckered and fleeced them. Instead of sharing the pain when workers lost their jobs and investors lost their savings, he and his pals had always managed ?to turn the misfortunes of others into their own enormous financial gains.? He had betrayed every moral principle of business: loyalty, quality, service, prudence, stewardship, risk.

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