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Excerpt: "He doesn't want to regulate where regulation is necessary - at the highest reaches of the economy, where public immorality has cost us dearly, and will cost even more unless boardroom behavior is constrained. Yet he wants to regulate where regulation is least appropriate - at the level of the individual, in bedrooms and other intimate spaces, where private morality should govern."

Portrait, Robert Reich, 08/16/09. (photo: Perian Flaherty)
Portrait, Robert Reich, 08/16/09. (photo: Perian Flaherty)

Romney Has Morality Upside Down

By Robert Reich, Robert Reich's Blog

16 May 12

itt Romney's reaction to J.P. Morgan Chase's mounting losses from reckless trades is “the market will take care of it.” His spokesman says “no taxpayer money was at risk” so we don't need more financial regulation. Romney has even promised to repeal Dodd-Frank if he's elected president.

Yet at the same time, Romney has come out strongly against same-sex marriage. He's also against abortion. He has no problem with government intruding on the most intimate of decisions a person makes.

He's got private and public morality upside down. He doesn't want to regulate where regulation is necessary - at the highest reaches of the economy, where public immorality has cost us dearly, and will cost even more unless boardroom behavior is constrained. Yet he wants to regulate where regulation is least appropriate - at the level of the individual, in bedrooms and other intimate spaces, where private morality should govern.

This is a dangerous confusion. It should be a matter of personal choice whom to marry and when to have children. But it is undoubtedly a matter of public choice whether big banks should be allowed to take the kind of risky bets that plunged the economy into the worst downturn since the Great Depression, and whether people with great wealth and should be able to buy our democracy with huge campaign contributions.

Please see the attached video and pass it on.

Robert Reich is Chancellor's Professor of Public Policy at the University of California at Berkeley. He has served in three national administrations, most recently as secretary of labor under President Bill Clinton. He has written thirteen books, including "Locked in the Cabinet," "Reason," "Supercapitalism," "Aftershock," and his latest e-book, "Beyond Outrage." His 'Marketplace' commentaries can be found on and iTunes. your social media marketing partner


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+19 # hjsteed 2012-05-16 09:11
Yes, just try to reconcile his personal & Government position with Jesus Christ's Sermon on the Mount. Start with the beatitudes...
+12 # tahoevalleylines 2012-05-16 11:48
Bishop Romney is locked into a belief system best described by Mark Twain's (Samuel Clemons) account of his visit to Brigham Young's temple in Salt Lake City, in a chapter from Twain's book "Roughing It"...

If the maze Of Mormonism (coincidentally title of another book, by Walter Martin) wasn't enough to warp young Mitt's thinking processes, using Senator Frank J. Cannon's 1912 volume for a business tutorial did the job. Senator Cannon's "Under The Prophet In Utah" is a chronicle of Mormon Church forays in corporate control, sufficient unto itself to expedite national anti-trust sentiment and subsequent legislation.

Business doings of the Mormon Church hierarchy 100 years ago were so egregious we see no stretch to say America's Progressive movement was born in Salt Lake City...

The biggest test of Willard Romney's intellectual honesty shall hinge on his ability to research the writings of Mormonism in the light of original Hebrew language scripture. New Testament documents, contemporary historians and archeology present an indisputable body of historical fact showing, in context of the Old Testament Hebrew, the fact Mormonism is a cult.

Romney sooner or later must confront the REAL Jesus Christ, and the meeting will be (ETERNAL)orders of magnitude more joyful if he arrives without the Book of Mormonism in hand.

What would happen if Mitt Romney's recantation were to take place before the election?
+10 # hjsteed 2012-05-16 17:26
Did Romney ever ask the Mormon Church to renounce their flagship Brigham Young University's award of an Honorary Doctorate Degree to Dick Cheney for "Public Service"?

Can you imagine Jesus Christ leading a nation into an immoral and illegal war that displaced, tortured and killed an untold number of innocent unarmed civilians?

Just what is Romney's relationship to mercenary armies such as Blackwater, Xe, or whatever?

I seem to recall the only violent act Jesus Christ committed was to upset the money changers' tables in their temple that probably led to his crucifixion.
+34 # 2012-05-16 09:36
Specifically, Glass-Steagall needs to be reinstated! There is a growing chorus!


John Miller
-60 # Robt Eagle 2012-05-16 10:48
Yes, reinstate Glass-Steagall, but Reich is a petty horses butt.
+26 # Bodiotoo 2012-05-16 11:17
"There you go again" have to take a shot at Reich..why? Address the issues and leave the cheap shots out of it.
-44 # Robt Eagle 2012-05-16 12:50
Reich brings up the Mormon issue which has nothing to do with the problems of this nation. We need a leader who will undo the damage of Obama and get us back on fiscal discipline. Reich is a petty horses ass!!!
+22 # Sophie 2012-05-16 15:31
Oh right, "the fiscal discipline," of nothing more than taking care of the bottom line for corporations: not paying corporate taxes, outsourcing jobs, and laying off American workers. Exactly what Romney did while "managing," his interests at Bain. The only ass is you--promoting wingnut propaganda.
-4 # John Locke 2012-05-17 17:12
Sophie: In case you didn't notice...The same thing has been going on under Obama!
+5 # Pickwicky 2012-05-17 15:45
Robt Eagle--Reich doesn't bring up the 'Mormon issue' in the above article or video--the topics of these comments.
0 # ghostperson 2012-05-18 23:41
Let's see: from peace and surplus to two wars and tottering on the edge of the Great Depression redux in 8 years of Bush/Cheney and its all Obama's fault? Especially, the lock step opponents' automatic "no" to any measure that remotely attempts to create jobs for workers or support the taxpayers who are tapped to pay corporate welfare when the unregulated wolves of Wall St. decide to compulsively gamble with others' money and take the economy down.

I think if a vote were taken of non-idealogues and non-haters regarding who the horses asses are on the national agenda, the names filled in would not be Obama or Reich.

What precisely is the Mormon issue? Romney is a Mormon. It's a fact.

While I personally view his religion as being in the mode of Scientology, I don't care what he believes so long as he is able to perform duties of office independently.

I am more concerned about his Darwinian economic positions and his insistence upon viewing those who object to them as jealous. Jealous? Hell people simply want to be standing. The only trickle down from vampire capitalism is golden rain laced with victims blood.
+20 # bluepilgrim 2012-05-16 09:52
I think saving capitalism again is a terrible idea. How many times are people supposed to go through that (while the richest people get even richer).

Nope -- let capitalism die and use resources on saving the people. As the saying goes, we can do better than capitalism.
+41 # pernsey 2012-05-16 10:07
Mitt is a person who tears down, and doesnt care about any victims he leaves in his path in why in Gods name would anyone believe hes going to do anything for the middle to lower class? Hes a corporate shill, and is more blatant about what he will do, heck he attacked a class mate he didnt like the way he wore his hair and decided to give him a bully cut. I cant even fathom what he will do to this country, but dismantle it and sell it to the highest bidder. Thats what hes good at, and thats what he does. Mitt will be a total disaster for this country. He has a rich mans sense of morals.

As I remember a rich acquaintance of mine saying, poor people are happy with the littlest you can give them, after all they dont know any better. Thats where they are trying to keep us...not knowing any better. Each generation expecting less then the prior one, and being happy with whatever crumbs the 1% throws their way. Its sickening, but if Mitt gets elected its coming.
+21 # Barbara K 2012-05-16 10:57
pernsey: You are so correct. He steals from the poor and gives to the wealthy and will do the same thing to the entire country, if given the chance. We have to stop this shameless fool. He's a bully and not presidential material. He's been in his Ivory Tower all his life and doesn't know how to relate to the rest of us. So far, no truth has escaped his mouth, about anything. He's nothing but The King of the Liars Club.
+10 # doneasley 2012-05-16 23:14
Quoting Barbara K:
So far, no truth has escaped his mouth, about anything. He's nothing but The King of the Liars Club.

I think the most significant speech at the CPAC 2012 convention was made by Grover Norquist, who says the GOP needs a president with "enough digits to hold a pen" to sign the legislation coming to him from Congress. Romney can pontificate on and on, but the bottom line, if elected, he'll be a PUPPET for his Right-Wing masters, and he'd better not get out of line. These guys will have accomplished what they've been working on since Messiah Reagan took office. Listen to the Norquist speech (4 minutes), and draw your own conclusions:
-29 # Robt Eagle 2012-05-16 12:53
pernsey, get your facts straight, while at Bain Romney saved approx 80 % of the companies they took over. Some were beyond saving and needed to be unwound. Business is just like that, not all warm and fuzzy. The name of the game is to make money and be prudent, without hurting the poor soles who have jobs. The BS out there cherry picking a few disgruntled former employees is just political rhetoric. Get the facts and stop lisening to the Dem BS.
+13 # pernsey 2012-05-16 15:17
Quoting Robt Eagle:
pernsey, get your facts straight, while at Bain Romney saved approx 80 % of the companies they took over. Some were beyond saving and needed to be unwound. Business is just like that, not all warm and fuzzy. The name of the game is to make money and be prudent, without hurting the poor soles who have jobs. The BS out there cherry picking a few disgruntled former employees is just political rhetoric. Get the facts and stop lisening to the Dem BS.

Robt, if Im looking for facts, I know reading your posts isnt going to give me any, so you can write your BS and think your right, but if you pulled your head out of Fox News and into the real world you would know nothing you say is fact based, its all propganda nonsense.
+32 # railroadmike 2012-05-16 10:35
A blast from the past by Thomas Jefferson 1816. "The end of Democracy and the defeat of the American Revolution will occur when government falls into the hands of Lending Institutions and moneyed incorporations" . 100 years later Jeffersons statement would be called Fascism.
+17 # jack406 2012-05-16 10:40
Mitt Romney is leading the Taliban party. Their goal is to take away women's rights. Think how less expensive college will be when the Republicans keep women from attending. No birth control and no abortions without trans-vaginal ultrasound.

He should just go ahead an marry another 5 or 6 wives like his great grandfather, and like the Taliban.
+4 # Cassandra2012 2012-05-17 12:15
Forcing a woman to endure a vaginal ultrasound because she chooses to have an abortion is bullying. Forcing a woman to sit through a lecture about how her choice makes the baby Jesus cry before undergoing the procedure is bullying. Attacks on Planned Parenthood that are festooned liberally (pardon the pun) with outright lies and distortions are bullying. Tea Party mouth-breathers showing up at political rallies packing heat is bullying. Cops in riot gear gut-stomping peaceful protesters for ruffling the delicate feathers of the Wall Street elite is bullying. The NDAA is bullying.
+5 # hd70642 2012-05-16 10:44
First the poor do not want mansions just to be able to hold down a simple residence a modest old house or even studio apartment with out having to rely on having on the need for mutiple incomes from either working multiple jobs or having a room mate or living with their folks. Also the rich ought to be held to the same standards as the poor
Oh Oh I guess all those MMA fighters construction workers and bikers who have their hair long better watch out for Mitt Rommey .Yeah he even mustered up the nerve to bully a half blind school teacher .I am sure that could have made Dr Smith from "lost in space" look like Sgt Rock or Sir Robin from Monthy Python's "the Holy Grail" look like Rambo in comparison .Proof positive cruelty does not equal courage
+6 # Sandy G 2012-05-16 10:48
How do you say 'Hipocrite'??
-28 # phantomww 2012-05-16 11:13
O B A M A is how you say it.
+6 # Lilredhead1954 2012-05-17 00:34
Actually you spell it phantomww....
+1 # ghostperson 2012-05-18 23:50
But you spell it "R-E-P-U-B-L-I- C-A-N.
+8 # Bodiotoo 2012-05-16 11:20
Washington vs Rohney:
Washington lived and fought and turly admired the fortitude of the young men that wanted to taste freedom. Washington grew with his interaction. Risked his own life and wealth as he became more enlightened.
Romney has no sense of the common man, never has, never will...he has blinders on to reality for the littel guy.
+7 # Fraenkel.1 2012-05-16 12:00
There's more. Romney et al don't just want to regulate the "lower orders" as they see us, they also intend to fix the regulations and laws to protect and benefit their friends and supporters. "Anything goes" applies to those in power not any parvenue with a good idea. Welcome back to the nineteenth century. Remember how we were so concerned about Nixon. Now he seems somewhat to he left of Bill Clinton.
-10 # propsguy 2012-05-16 12:12
but you're wrong Mr. Reich. if your plan is to enslave the population in poverty and just use them to produce cannon fodder for wars of aggression, than you do want to control women's child bearing. they need to keep pumping out future body bag stuffing, mine canaries and plantation workers.
we once enslaved Blacks. now we'll have equal opportunity slavery!
+11 # Philothustra 2012-05-16 12:51
Okay, so Romney is a Mor-on. That never stopped the American people from electing
a Republican before- consider the Village
But I'm just wondering what the far right
Evangelicals,to whom the Catholic Church and Episcopalianism are "cults," will do when they find out that Romney's grandpa foresook the US to go south and found a polygamy commune in Mexico, where Mitt's daddy George was born in 1907.

Hey "Birthers," why can't I hear you now?
+10 # amye 2012-05-16 13:16
I LOVE this man! He is brilliant and has so much courage rarely seen! Who really goes up against the oligarchy?? Very few great ones Like Paul Krugman, Chris Hedges, Michael Moore and Joseph Stiglitz!! Enough said!
+3 # slimslider 2012-05-16 13:26
Capitalism would work fine if it weren't for the human part of it. Unfortunately there hasn't been any way devised to get around the basic nature of humans. The most effective part of Capitalism is that it is the form of government that closest aligns itself with the strongest human emotion, greed. Therefore you have people striving to be entrepreneurs and putting out great energy to create wealth. Contrast that to the old Communist system where people just gave up trying to produce anything worthwhile. But unfortunately after a couple of hundred years the power people in our banks and the corporate leaders have bought off all the politicians and thus found out how to get around the government's checks and balances. They have enriched themselves and enslaved everyone else. And at this point there is nothing we can do about it. Changing the politicians does nothing to right the system, it just serves to take a little pressure off the outcry for a while. It was a good run as far as government's go, even if most of it was mostly smoke and mirrors.
+6 # bluepilgrim 2012-05-16 18:09
No, it wouldn't work fine if not for human nature -- no more than war would be fine if people were more peaceful. Capitalism is inherently bad, it is BASED on greed. A capitalist corporation is required by law to maximize profits and be greedy.

I don't know what old communist system you are thinking of but that isn't at all what real communism is like. Many very productive businesses are essentially communistic: worker run without owner/bosses. Many computer innovations have come from such companies.

Capitalism has no reason to innovate or produce anything worthwhile unless it is more profitable -- and at the same time it has every reason to be unproductive, even destructive, if THAT is more profitable. Profit is the only criteria, not production, use value, or what is good for people.

People can be problems for sure, but the core problem is the capitalist system itself.
+7 # futhark 2012-05-16 13:54
When do we start getting political leaders who can demonstrate some of the critical thinking skills now mandated in many collegiate undergraduate degree programs? What makes religion automatically exempt from critical analysis? Where is the archeological, ethnographic, genetic, or linguistic evidence that supports the Book of Mormon's account for the origin of Native Americans?

We need political leaders who can master a body of objective facts and draw rational conclusions, without having their mental universes limited by prejudices or superstitions.
+3 # fredboy 2012-05-16 18:04
Yes, and this will be his Achilles' heel.
+2 # Capt Couchpotato 2012-05-17 05:16
Romney doesn't have his morality upside down. It just looks that way to poor people. Romney has rich man's morality and that is something entirely different.

He, like other rich people understand the nature of power. You can't relax laws on one end of the scale unless you balance it with more laws on the other end.
+2 # Pickwicky 2012-05-17 15:56
Capt Couchpotato--it almost sounds as if you have said something profound; however, a closer look reveals you have only attached meaning and grandeur to nonsense.

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