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NBC: How Much Will Romney's Business Experience 'Hurt' Him in 'Anti-Wall Street Occupy Climate'?

By Kyle Drennen | January 09, 2012 | 18:10

A  A
Kyle Drennen's picture

Talking to MSNBC host Dylan Ratigan on Monday's NBC Today, co-host Ann Curry portrayed one of Mitt Romney's strength's as a weakness: "How vulnerable do you think Mitt Romney could be in highlighting his business background, given this sort of anti-Wall Street Occupy climate we're in?"

Ratigan seized on the opportunity and ranted: "Mitt Romney's liabilities as an American businessman are among the highest of any businessman in this country.....there is a second class of business person that was invented in the past 30 years of this country who literally exploits their ability to borrow money at the risk to this nation....and then taking other people's jobs away to do so is not capitalism. It is, in effect, an exploitation."

Curry followed up: "So you're saying this could hurt Mitt Romney?" Ratigan replied: "100%."

Near the end of the segment, Curry promoted Ratigan's new book, "Greedy Bastards! How We Can Stop Corporate Communists, Banksters and Other Vampires From Sucking America Dry." She wondered: "In you're book, you're essentially calling on Americans to act. What is it that you think Americans can do to take back, as you put it, this country?"

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Ratigan responded:

We are already seeing Americans do it. And no matter what you're issue is, whether it's the environment, whether it's the prison system and the incarceration of young minorities in this country, whether it's gun rights, whether it's asthma, whether it's the food supply, whether corn in the food that's creating diabetes. Whatever it is that you want to talk about, you are being prevented from having the natural redress of this democracy and the government resolving that for you because of the dependency our politicians have on money....People think money buys making something happen. What the money is actually buying is making something not happen at a time when we need a lot to happen.

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Here is a full transcript of the January 9 segment:

7:11AM ET

ANN CURRY: For more on the presidential race, let's now turn to Dylan Ratigan, he's the host of his own show on MSNBC and he's also the author of a new book called, "Greedy Bastards! How We Can Stop Corporate Communists, Bankers and Other Vampires From Sucking America Dry." Dylan, good morning.

DYLAN RATIGAN: Good morning to you.

CURRY: You just heard Newt Gingrich speaking about Mitt Romney. How much – how vulnerable do you think Mitt Romney could be in highlighting his business background, given this sort of anti-Wall Street Occupy climate we're in, Dylan?

RATIGAN: There's – Mitt Romney's liabilities as an American businessman are among the highest of any businessman in this country. There are two types of businesses in America right now. There are businesses that are people investing and collaborating to solve America's problems. People working on energy efficiency, people working on health efficiency, working on innovation itself, on infrastructure, on problem-solving.
            
And there is a second class of business person that was invented in the past 30 years of this country who literally exploits their ability to borrow money at the risk to this nation, the very same risk we bailed out in 2008, and borrows that money to do, much as Newt Gingrich is describing, to purchase a company, liquidate the company and take the money for themselves. And that is a reasonable undertaking, maybe. But borrowing other people's money to do so and then taking other people's jobs away to do so is not capitalism. It is, in effect, an exploitation.

CURRY: So you're saying this could hurt Mitt Romney?

RATIGAN: 100%

CURRY: Is what you're saying. So that said, you know, as we've been looking at these debates, there were what, two this weekend and fifteen total, then what do you think Americans' are not hearing from the candidates that they should be hearing, despite all of these debates? Given that you're a financial journalist.

RATIGAN: We have yet to have a single presidential candidate – with the exception perhaps a little bit from Ron Paul, a little bit from Jon Huntsman, but really it's not happened – explain to the American people why it is that our banking, trade and tax code all prevent money from being invested into the innovations this country needs in energy, health, education and infrastructure. And instead, our trade, tax and bank policies, all three of those things which control the flow of money to America or from America, and those policies are basically removing that money and the jobs as a result.

CURRY: You're essentially saying the system – there are major breaks in the system.

RATIGAN: It's in reverse. Yes.

CURRY: Jon Huntsman sort of alluded to this in Sunday's debate, talking about the need for financial reform, essentially, in dealing with lobbyists and all that. But you actually basically had a huge outburst last August on MSNBC. Let's take a look.

RATIGAN: I've been coming on TV for three years doing this! And the fact of the matter is that there is a refusal on both the Democratic and the Republican side of the aisle to acknowledge the mathematical problem, which is that the United States of America is being extracted. It's being extracted through banking, it's being extracted through trade, and it's being extracted through taxation. And there's not a single politician that has stepped forward, Susan, to deal with this.

CURRY: Darn, Dylan, how do you really feel? No, but what you're-

RATIGAN: I'm not a morning person.

CURRY: I know, well that's okay, but-

RATIGAN: Although I think that was in the afternoon.

CURRY: I think it was. But in you're book, you're essentially calling on Americans to act. What is it that you think Americans can do to take back, as you put it, this country?

RATIGAN: We are already seeing Americans do it. And no matter what you're issue is, whether it's the environment, whether it's the prison system and the incarceration of young minorities in this country, whether it's gun rights, whether it's asthma, whether it's the food supply, whether corn in the food that's creating diabetes. Whatever it is that you want to talk about, you are being prevented from having the natural redress of this democracy and the government resolving that for you because of the dependency our politicians have on money.

Listen to the interview that we just, both of us listened to with Newt Gingrich and what he spoke about was all the money that was being spent. And Matt was talking to Newt about it, back and forth, one versus the other. And the fact of the matter is, as long as that money is coming in, that money comes in to prevent policy changes that could adapt us to a new world. People think money buys making something happen. What the money is actually buying is making something not happen at a time when we need a lot to happen.

CURRY: Well, you have a lot to say. Dylan Ratigan, thank you so much for saying it this morning.

RATIGAN: Thank you, Ann.

CURRY: And to read an excerpt from Dylan's book, you can head to our Today.com website. And you can also a catch The Dylan Ratigan Show weekdays at 4:00 p.m. Eastern on MSNBC.

About the Author

Kyle Drennen is a news analyst at the Media Research Center. Click here to follow Kyle Drennen on Twitter.
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Comments

You get the feeling that the media

Submitted by bkeyser on Mon, 01/09/2012 - 6:27pm.

feels they've effectively and successfully eliminated Romney's challengers from contention and can now concentrate on him? They've had a long time to work up their Attack-Romney plan and were probably itching to put it into action.

To wit: Does anyone imagine Dylan Ratigan would have answered any other way?

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Wow..illegal aliens must have

Submitted by ant on Mon, 01/09/2012 - 6:42pm.

Wow..illegal aliens must have a lot of money because the always get a willing audience of officials for their 'redress of grievances'. And they're not even entitled to that right.

Is it just me or is this a non-answer? "..explain to the American people why it is that our banking, trade, and tax code all prevent money from being invested into...energy, health, education, and infrastructure. And instead..all three of these things, which control the flow of money to America or from America, and those policies are basically removing that money and jobs as a result." What? Can someone explain that to me? Wouldn't it make sense on Ratigans part to then say WHERE that money is allegedly going instead of where he would prefer? I mean besides the fact that Obama and our corrupt government have been spending loads of money on energy (green boondoggles), health (Fed mandated Obamacare, Medicaid, etc.), education (always, and always mis-spent) and infrastructure (uh..shovel-ready stimulus jobs?).

Was Rat-ass-can ever a politician? because he would make a perfect one with nonsense answers that sound like real answers like that.

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Only Liberals employed by Big

Submitted by Van Halen on Mon, 01/09/2012 - 6:44pm.

Only Liberals employed by Big Business at NBC could dream up something so asinine as asking how Big Business could be bad for a presidential candidate.

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NBC/MSNBC needs to replace

Submitted by Soldat44 on Mon, 01/09/2012 - 6:45pm.

NBC/MSNBC needs to replace their peacock symbol with the White House one. More fitting.

'One, Holy, Catholic and Apostolic Church'
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I guess RATigan and Curry didn't get the DNC memo

Submitted by Dave. on Mon, 01/09/2012 - 6:51pm.

They aren't supposed to start pounding the cheese out of Mittens RINOmney antil after he has secured the nomination.

-Dave

Vote for the American in November

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occupying a child's escape

Submitted by MidAmerica on Mon, 01/09/2012 - 6:57pm.

  The Liberals have lost the support of the country so they have created an imaginary friend so that they don't feel so alone..

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This is such a load of crap.

Submitted by Newsbubba on Mon, 01/09/2012 - 7:17pm.

I'm no Romney fan for many reasons, but his "business experience" ain't one of them.

I was no corporate raider or a Bain Capital, but I was called in to help a company about to go under.  It was a small firm started by two young guys, and they were up to about 20 employees, and literally about to close the doors.

It only took me about two days to figure out what their problem was, and I fired over half the employees on the spot.  Sounds heartless, but it was fire their sorry asses or everyone was going to be unemployed in short order. Three years later, we were up to over 130 employees, and the company was acquired by a much larger firm.

I suspect that Romney's company did the same on a much larger scale.

What our government needs is for someone to come in and literally fire the hell out of about half the bureaucrats, get rid of the public sector unions, streamline their operations, and if you can't prove that what you do is worth saving, you are gone.

The people who are stealing the most money in this country are the 500+ elected members of congress and the administration.  They make Putin and his ex-KGB buddies look like a bunch of pikers.

Comrade Bubba
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You're describing someone who isn't running....

Submitted by stage9 on Mon, 01/09/2012 - 7:25pm.

Chris Christie.

"If God is dead, somebody is going to have to take his place. It will be megalomania or erotomania, the drive for power or the drive for pleasure, the clenched fist or the phallus, Hitler or Hugh Hefner." — Malcolm Muggeridge

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Won't happen

Submitted by Galvanic on Mon, 01/09/2012 - 8:43pm.

What our government needs is for someone to come in and literally fire the hell out of about half the bureaucrats, get rid of the public sector unions, streamline their operations, and if you can't prove that what you do is worth saving, you are gone.

There's no someone that can do that, including Romney. Shrinking a bureaucracy isn't a simple as shrinking a business.  At a minimum, the Congress has to abolish chunks of the government, and we won't see that happen until these two major parties are gone.

No bureaucrat has to justify his/her job.  Government created the job; government has to declare the job no longer needed.  Even then, the only way the government would downsize the bureaucracy is through retirements, early retirements, and cash incentives to depart the government.

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How can Romney's liberalism...

Submitted by stage9 on Mon, 01/09/2012 - 7:24pm.

hurt him with OWS? I don't follow...

"If God is dead, somebody is going to have to take his place. It will be megalomania or erotomania, the drive for power or the drive for pleasure, the clenched fist or the phallus, Hitler or Hugh Hefner." — Malcolm Muggeridge

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Here's a question you might want to ask Ms. Curry:

Submitted by bkeyser on Mon, 01/09/2012 - 8:03pm.

How much will new Chief of Staff Jack Lew's experience as the Chief Operating Officer of Citibank from 2006 to 2008 when he made millions off of mortgage defaults hurt Obama's solidarity with idiot OWS'ers and his re-election bid? How about the $950 Thousand Dollars BONUS he made in 2009 a few months after Citibank received millions of taxpayer bailout money; will that hurt Obama going forward?

Or will you not report that?

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Dead On Target, BK

Submitted by stratman on Mon, 01/09/2012 - 9:46pm.

What frackin' inverse universe does Curry, Ratigan and their cohorts devolved from to make the absurd comment that solid business experience is not useful for a president?

Of course, we are dealing with a stuck on stupid network and parent company who hired a completely inexperienced Chelsea Clinton. Maybe they should really double down on dumbassedness and hire some smelly OWL'ies to sit on the couch with Matt and Ann or co-anchor the teleprompter with Brainless Williams. Bonus points if they elect one to the board of directors at GE (Globally Egregious)

If smacking the stupid out of people worked, Curry would be near the front of the line based on need.

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Rat-again was plugging his new book....

Submitted by bigdaddy on Mon, 01/09/2012 - 9:40pm.

...color crayons sold separately....

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