Episode

9/5 Matt Taibbi: Mitt Romney and the Looting of America

September 5, 2012

On today’s show Matt Taibbi called in to discuss his new Rolling Stone feature story: Greed and Debt. The True Story of Mitt Romney and Bain Capital. He and Sam talked about how Bain Capital and Mitt Romney exemplified the shift from an industrial economy based on making things to a economy run on speculation, how Bain moved away from investing start up capital to simply loading existing companies with debt and stripping their assets and how the restaurant scene in Goodfellas is the best way to understand how Bain’s business model works. Sam lamented that the Democrats haven’t followed up on Newt Gingrich’s attacks on Bain he made during the primary and he and Matt agreed that the Democrats are still committed to making nice with Wall Street.

Better Half: What Sam liked and didn’t like about the DNC. The worlds richest woman had some more inspiring things to say about how people move up the economic ladder, the Ted Kennedy tribute at the DNC was great and Sam thinks Teddy would love that he is getting to destroy Mitt Romney post posthumously and Sam outlined three scenarios for what happens to Medicare and Social Security after the election.

Members make the Majority Report possible.  Please join us by becoming a MEMBER.  You can also show your support by clicking thru to the DONATE button for a one-time donation — anytime.  And don’t forget Sam is live every week day at noon. Thanks!

Past Episodes

It’s Casual Friday and Sam is still hosting solo today as Emma continues to neglect the show for her “honeymoon”. Whatever. On the program today we listen to Sen Kirsten Gilibrand (D-NY) lose her mind and spew a stream of racist sewage out of her mouth towards Zohran Mamdani. Ryan Grim ...
It’s a No Emma Emmajority Report Thursday. Matt Binder is in the host seat today as we continue basking in Zohran Mamdani’s primary afterglow. Sam interviews features writer for Slate, Alex Sammon on his new piece about the history of an ICE detention center in a small town in Louisiana. ...
Happy Wednesday from the soon to be Sharia Anarcho Communist Caliphate of New York City. ZOHRAN MAMDANI HAS WON THE NYC PRIMARY! BYE CUOMO! The show kicks off by spending some time appreciating Zohran's masterful campaign and its potential impact on the national scale. David Weigel ...