{"id":132412,"date":"2012-12-04T10:00:04","date_gmt":"2012-12-04T15:00:04","guid":{"rendered":"http:\/\/www.prosebeforehos.com\/?p=132412"},"modified":"2012-12-26T16:03:15","modified_gmt":"2012-12-26T21:03:15","slug":"plutocracy-defined","status":"publish","type":"post","link":"https:\/\/www.prosebeforehos.com\/article-of-the-day\/12\/04\/plutocracy-defined\/","title":{"rendered":"Plutocracy, Defined"},"content":{"rendered":"

The Article:<\/strong> The Romney Men: 6 Filthy Rich Moguls Who Will Do Anything to Elect Mitt<\/a> by Lynn Stuart Parramore in AlterNet.<\/p>\n

The Text:<\/strong> The following 1 percent wonders are doing just fine under Obama, but since their worldview is largely restricted to an obsession with their marginal tax rate, they can\u2019t refrain from denouncing the president and thinking of new ways to thwart his re-election bid. The Romney men desperately want to see the first financier president, a man after their own cold hearts.<\/p>\n

1. David Siegel, the Bitching Billionaire<\/strong><\/p>\n

Thanks to folks over at Gawker, we\u2019ve gotten a look at the noxious activities of David Siegel, founder and CEO of national timeshare giant Westgate Resorts. Siegel is filthy rich and wants you to know it, building himself the largest (and possibly the tackiest) house in America. The documentary The Queen of Versailles follows Siegel and his wife Jackie in pursuit of obscene excess in the form of a 90,000-square-foot homage to bad taste, complete with a 20-car garage, a two-story wine cellar, and a 30-foot stained glass dome.<\/p>\n

Though he brags that his company is more profitable than ever, Siegel, an avid Republican, recently sent an email to his thousands of employees suggesting that they would lose their jobs if Barack Obama is re-elected. In addition to dispensing voting advice, Siegel wallows in 1 percent self-pity:<\/p>\n

\u201cThey want you to believe that we live in a class system where the rich get richer, the poor get poorer. They label us the \u20181%\u2019 and imply that we are somehow immune to the challenges that face our country. This could not be further from the truth. Sure, you may have heard about the big home that I’m building. I’m sure many people think that I live a privileged life.\u201d<\/p>\n

Three swimming pools? Privileged? Perish the thought.<\/p>\n

In high narcissistic style, Siegel goes on to praise himself for the \u201chard work, discipline, and sacrifice\u201d that built a company \u201cwhich by the way, would eventually employ you.\u201d He laments the sacrifices he has endured since the Recession for the good of his workers: \u201cOver the past four years I have had to stop building my dream house, cut back on all of my expenses, and take my kids out of private schools simply to keep this company strong and to keep you employed.\u201d Siegel spends most of the rest of the letter bitching that shiftless Americans expecting a \u201cbailout\u201d in the form of higher taxes on fatcats will drive him to the Caribbean, where he will ensconce himself under a palm tree and cease to worry about the little people.<\/p>\n

Edward Ericson Jr., formerly a reporter for the Orlando Weekly, has a different take on how the slimy Siegel made his money, a tale of running scams and ripping off customers.<\/p>\n

2. \u201cNeutron\u201d Jack Welch<\/strong><\/p>\n

The former head of General Electric and big-time Romney fan has been making quite a spectacle of himself since last Friday. Incensed by the favorable jobs report, he went on a conspiracy theory rampage, accusing the Obama administration of manipulating the report in order to secure the election. After receiving a barrage of criticism, he told MSNBC host Chris Matthews that he had no evidence to prove such claims. Then he went on to make them anyway. Why should a gazillionaire bother with evidence?<\/p>\n

He has since left Fortune magazine in a huff — the very publication that once named him Manager of the Century — after managing editor Andy Serwer suggested that his claims were absurd.<\/p>\n

Ironically, the man levying charges of cooking the books is the one who wrote the cookbook. Barry Ritholtz of the Big Picture reminds us that Welch had a nasty habit of manipulating GE’s earnings while he was CEO of the company. In his article \u201cYou Don\u2019t Know Jack,\u201d Jonathan R. Laing describes how Welch committed epic misdeeds at GE while enjoying such perks as an $80,000-a-month New York pad, a corporate jet, payment for country-club fees, and a host of other luxuries.<\/p>\n

A funny one to be going on about jobs, Jack Welch is a key architect of the business style focused on short-run profits, overspeculation, and obsession with stock prices, which, in addition to killing innovation and helping to blow up the world economy in 2008, has caused untold hardship for workers. Welch is a long-time champion of increasing profits by laying off employees, destroying so many jobs at GE that he earned the nickname \u201cNeutron Jack.\u201d When he wasn\u2019t thinking of new ways to deliver pink slips, he was busy denying the health threats of PCBs that GE was dumping into New York\u2019s Hudson River.<\/p>\n

\u201cYou can’t just call me old and senile,\u201d complained Welch in the wake of the jobs report flap. Okay, that would be mean. How about crooked and despicable?<\/p>\n

3. Casino King Sheldon Adelson<\/strong><\/p>\n

Sheldon Adelson likes to go big. He heads up possibly the largest gambling and casino operation on the planet. And he spends big-time bucks trying to manipulate the American political system.<\/p>\n

Adelson is unhappy with President Obama’s policies on Israel, and claims that’s why he supports Mitt Romney for president. But according to the New York Times, his company is also under investigation by the Obama Justice Department for foreign bribery and money laundering. Could the gambling honcho be hoping a Romney victory would make the pesky investigation disappear?<\/p>\n

Annoucing that beating President Obama “isn’t everything, it’s the only thing,” Adelson has unleashed $70 million trying to influence the outcome of the 2012 elections — more than any individual has spent in any U.S. election to date. He has vowed to spend up to $100 million in total by election day.<\/p>\n

Adelson also has a special knack for helping the new class of Asian elites enjoy ridiculous luxuries, such as a drink that comes with a one-carat diamond available at his nightclub in Singapore\u2019s Marina Bay Sands casino. The drink sells for $26,000.<\/p>\n

4. Donald Trump: Plutocratic Personality Disorder<\/strong><\/p>\n

When it comes to stratospheric greed and arrogance, it\u2019s hard to beat the Donald. How could a man famous for the phrase, \u201cYou\u2019re fired!\u201d not love a man who claimed to enjoy putting people out of work? Naturally Trump just can\u2019t say enough good things about Romney. And he fully has Mitt\u2019s back on those repugnant remarks made at a Florida fundraiser that characterized nearly half the country as freeloading losers. Trump announced that not only should Romney not apologize, but that \u201cwhat he said is probably what he means.\u201d Much obliged for the clarification.<\/p>\n

When Obama\u2019s name comes up, the words \u201cbirth certificate\u201d are never far from Trump’s lips. That and frequent questions about the president\u2019s academic credentials.<\/p>\n

The poster child for plutocratic personality disorder, Trump is obsessed with talking about himself, naming things after himself, and surrounding himself with pictures of \u2013 you guessed it — himself. Maybe that\u2019s to compensate for the fact that he\u2019s actually a pretty crappy businessman and perpetually in need of money. After spending time with Trump and discussing his various luxury properties, the New Yorker\u2019s Mark Singer concluded that the man \u201chad aspired to and achieved the ultimate luxury, an existence unmolested by the rumbling of a soul.\u201d<\/p>\n

5. and 6. Koch Brothers, Unlimited<\/strong><\/p>\n

No list of Romney men would be complete without the billionaire brothers who made their fortune in the oil and gas industries. Over three decades, Charles and David Koch have spent more than $100 million pushing their freaky libertarian agenda, which for years they did on the QT until the Obama presidency horrified them to such a degree that they could no longer hide in the shadows. There is no tax they don\u2019t abhor, no environmental protection they don\u2019t wish to kill, and no safety net they don\u2019t ardently desire to shred. Romney, who aims to shield the rich from paying their fair share of taxes and offers an energy plan tailored to the needs of the oil, coal and gas industries, is their man for Washington.<\/p>\n

The damage that these tycoons do to our natural world, our democracy and our sense of public trust would be difficult to overestimate. Whether they\u2019re trying to resegregate schools (they tried to do this to my very own public school district in Wake County, North Carolina), repress votes, privatize Social Security, or dump toxic waste into rivers that sicken whole communities, the Koch brothers are indefatigable in their efforts and inexhaustible in their check-writing. (Check out the documentary The Koch Brothers Exposed, featuring AlterNet\u2019s political writer Adele Stan.)<\/p>\n

As AlterNet executive editor Don Hazen has noted, Romney\u2019s running mate Paul Ryan is the Koch brothers\u2019 hand-picked darling, a perfect vehicle for their twisted, cult-of-selfishness Ayn Rand philosophy. Ryan serves his masters by repeating Koch falsehoods on Medicare, scheming to steal your retirement, denying climate change and cutting taxes on the rich and corporations.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Article: The Romney Men: 6 Filthy Rich Moguls Who Will Do Anything to Elect Mitt by Lynn Stuart Parramore in AlterNet. The Text: The following 1 percent wonders are doing just fine under Obama, but since their worldview is largely restricted to an obsession with their marginal tax rate, they can\u2019t refrain from denouncing […]<\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[259],"tags":[],"yoast_head":"\nPlutocracy, Defined<\/title>\n<meta name=\"description\" content=\"Meet the bitching billionaires and the personality disorder ridden plutocrats who sought to buy Mitt Romney the election.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.prosebeforehos.com\/article-of-the-day\/12\/04\/plutocracy-defined\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" 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