Kokomo Tribune; Kokomo, Indiana

Letters

September 5, 2012

Letters to the editor - Wednesday, Sept. 5, 2012

(Continued)

There is no indication of what was said in Mitt Romney’s speech, but a reference was made to what was said by one of the protesters.

One conclusion that might be drawn from this is the Tribune failed to focus on the speech and chose to only give attention to a small amount of dissenters performing in what was referred to as a “skit.” Is there a perspective I’m missing?

Russ Carlson, Kokomo

Boss is the boss – all over the U.S.

You lose your job. How will you tell your spouse and children?

Pay check, health insurance, vacation, pension and your dignity – all gone. Hired thugs escort you off the property. Guess you didn’t work hard enough.

How will you pay the bills? Will you lose your home? All this is terrible, but it’s the way capitalism functions. There are winners and losers.

The system worked as intended, as regulated, until abuses began about 30 years ago. In the ’80s a few intelligent, greedy, immoral individuals studied hard and found ways to manipulate the system to gain huge profits off the dark side of capitalism by increasing company closings.

Vulture capitalists had created a new industry: Close plants, fire workers and plunder company assets. They even found a way to transfer the costs of unfunded pensions and property cleanup to the federal government (us).

Some may not care about the 750 Kansas City steel mill employees fired by one of these vulture capitalists (Bain Capital), but how about the $44 million in unfunded pension costs that was transferred to the government? And how about the steel mill cleanup costs, shifted to one of the Superfund projects?

Bet we paid the cleanup costs, just like the steel mill cleanup costs here in Kokomo, but that’s another story.

Vulture capitalists don’t like regulations. They want to operate with impunity, making profits no matter the pain/losses it costs the rest of us. Mitt Romney has already said many times that capitalists should have free rein, playing by their own rules based in part on the failed trickle-down joke of an economic policy that has never worked.

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