Former Labor secretary Robert Reich explains why the “magic” of private equity is really a magic trick and one that’s being played on you and me.

The top YouTube comment, from “tapolna,” sums it up quite nicely:

The irony of all this is that Romney made his millions exploiting a system that fired workers, and reduced benefits for the remaining workers, all at the expense of taxpayers, us!

Then he wants us to vote for him!

But the tragedy is that some us will ACTUALLY VOTE FOR HIM.