"Republican rivals now allege ruthless job cutting by Bain Capital, the
highly successful investment firm Romney led before entering politics."Hmm, sounds pretty much like the type of issue that Occupy Wall Street
was rallying against.
Very insightful! The issue with capitalism is that there are "victors and
victims" -- that is, businesses are constantly competing with one another
so that one comes up, usually at the expense of another (think how Apple took
Sony's music and electronics business in the 2000s with the iPod and iTune
replacing CDs and stereos). What Republicans appear to not realize
is that with such a capitalistic society, you need to provide people with
"economic security." That is, the government must provide a security
net to help those "victims" in capitalism -- e.g., workers Bain layed
off when re-structuring outmoded companies.That safety net needs to
include unemployment, re-education, counceling, etc. If Republicans can
reassure Americans that capitalism won't make the middle-class worker
"victims" of capitalism, they can get the middle-class vote. If not,
most workers who have experienced being a victim of capitalism (think,
unemployed) will vote Democratic.
Conservatives understand that when the government robs Peter to pay Paul, Peter
is happy but over time, the number of Pauls far exceed the number of Peters and
the results are inevitably societies like Greece, Portugal, Spain, Italy, France
and England! Liberals never understand economic realities and only blame the
Peters for being greedy, selfish and uncompassionate and that the Pauls are
"victims" of capitalism! Margaret Thatcher said it best; " The
problem with socialism is that eventually they run out of other people's money
to spend". In November, Americans will decide if we will continue to become
another Greece or will we return to the values that made America the greatest,
most prosperous and most generous society the world has ever seen? Sadly all the
Pauls in America will vote for liberals so they can keep their entitlements that
they did not earn do not deserve and that are clearly unsustainable!
The top earners in this country continue to complain about "redistribution
of wealth"I find it ironic that the only group that is
increasing their share of the wealth is the top.Yes, the top earners
pay most of the taxes, cause they earn most of the money.There has
been a substantial "redistribution of wealth". And it has been going
to the top.Funny that when that happens, no one defines it as
redistribution.Why is that?
In a Washington Post article, "When Romney Ran Bain Capital-his word was
not his bond," the writer reports how Bain would bid for companies to buy
and, when, they were the last bidder left (because they outbid everyone else),
and the company books were opened, along with visits to the company site, Bain
would then make a low ball offer. At that point, the owner would be stuck with
a low ball offer or a devalued company if he rejected Bain's offer and started
the bidding anew. The brokerage the writer worked for eventually learned to
steer clear of Bain.In the debate last night there was a discussion
of Ampad, a Bain acquisition, and job loss. During Romney's tenure, Ampad went
public, made several acquisitions in a short period of time and then was
delisted from the Stock exchange. Within 2-3 yrs after Romney left, Ampad
folded. Vulture capitalist? Sometimes that label was appropriate.
@Joeblow. Let me attempt to answer your question. We have not had true
capitalism in America for a very long time, we have had socialism forced upon us
by the federal government and we can't pay for all the entitements any more! We
are $15 trillion in debt trying to expand the "safety net" to catch
all the people who refuse to be self reliant. Meanwhile, anyone who is
successful who hires people,who invests, who pays the vast majority of taxes
(nearly 50% of Americans pay no federal income taxes)who actually PRODUCE
anything are punished. Instead of worrying about how you can get your hands on
the money of the so called 1%, why not worry about creating some wealth of your
own! America used to be a country of freedom where ANYONE could succeed, become
prosperous, but now those people are demonized as being greedy.
Mitt's greatest challenge is trying to figure out which way the political winds
are blowing at the moment and which tack he will steer today.
I think that the social net for those who are out of work is help to get an
education. Can the government support them somehow to go to college? Like a
Perpetual Education Fund?The solution would not be to go and get
back more of the jobs that have been lost, but to educate people to be prepared
for new jobs. It isn't a quick fix, but it is something that would work
in the long-term.
Consumer confidence is up. The stock market is going through the roof, and job
statistics are (slowly) improving. Why would anybody want to elect an unknown
(flip-flopping) commodity who only cares about profits (and not jobs) at this
Mitt's greatest challenge is....MITT.The Democrats won't have to
rebutt anything, They'll skin him alive using his own words, policies, and
actions.The constant viewing and reminding of his Flip-Flopping will
leave enough doubt and mistrust about the man and his Integrity and
Trustworthiness.Typical for a Republican running for office.Sad for a Mormon.Remember - Mitt has 25% of Republican support, of
the 27% of America who are Republican.
"The constant viewing and reminding of his Flip-Flopping..."I hear the constant chant of "flip-flopper" but never see the
evidence. Flip-flopping means to change one's views or actions back and forth.
Romney made a few changes years ago, which he has explained well. There is no
evidence of any change back to views of the past. Even if you don't
believe Romney has sincerely changed his view on abortion, the main issue people
refer to as a flip-flop, that is your opinion, but it is not evidence that he
has flip-flopped.Those who continually apply the flip-flopper label
to Romney while ignoring changes that other candidates have made in their views,
have shown themselves to be either ignorant or downright dishonest.
The problem is that there is suspicion that the business tactics used by Bain to
secure and maximize inordinate profits might well have more than just healthy
greed. Sure Democrats will seek to shine a light on Bain Capital, just as
Romney's rival Republicans have. But it will not be an attack on capitalism per
se, it will be an attack on a modern Robber Barron worthy of Teddy Roosevelt.
Romney's greatest challenge is "TRUTHS". Please Romney, release your
income tax returns. Bain Capital Owns Clear Channel (Romney Supported by Talk
Show) along with Rush Limbaugh, Sean Hannity, Glenn Beck, Michael Savage, etc.
under umbrella company that candidate Mitt Romney headed. With 238 million
monthly listeners in the U.S., Clear Channel Media and Entertainment has the
largest reach of any radio or television outlet in America. Clear Channel Media
and Entertainment serves 150 cities through 850 owned radio stations. The
company's radio stations and content can be heard on AM/FM stations, HD digital
radio channels, Sirius/XM satellite, on the Internet at iHeartRadio and on the
company's radio station websites, on the iHeartRadio mobile application on iPads
and smartphones. The company's operations include radio broadcasting. Clear
Channel Media and Entertainment is a division of CC Media Holdings, Inc. Romney
and his wife had a net worth of between $190 and $250 million, most of it held
in blind trusts. Where's YOUR job-creation record at your former private
equity firm Bain Capital?. Why would "Supper PACs" want Mitt Romney
elected?. OH I FORGOT, never bite the hand that feeds you in off shore tax safe
mountainman said: We are $15 trillion in debt trying to expand the "safety
net" to catch all the people who refuse to be self reliant. Like those dang people in Iraq and Afghanistan who for ten years have been so
needy, and the banks that we bailed out and the republicans who robbed peter to
pay haliburtin keeping it off the books.Turn off your radio and
think about what your repeating because it's easy to see that 15 trillion never
went exclusively to welfare and foodstamps or there would be no poor in America.
Government has such a huge sense of entitlement! They think we should keep
them all in luxury while they do nothing about the economy. They rob the aged
while they feather their nests; they take away the rights of the poor of the
people. The spoil of the poor is in their houses.Mitt, though, is
not gaining financially by his presidential bid. He's "independently"
wealthy and would be even if, like Paul, he would commit to rejecting his
presidential salary. I feel Mitt is sincere in his desire for a
"middle class tax break" and has expressed some concern for the
retired who have been both robbed and de-funded of late. I like Mitt better
than Santorum who berates the unemployed who should get a job, he says,
forgetting that there aren't enough jobs for even half of them, and Gingrich who
is a millionaire lobbyist who has flip flopped as much as Romney but, in Newt's
case, apparently just to enrich himself.I think there is some truth
to the article though. Mitt is compassinate but I think he yet falls a little
short of fully understanding the lot of the common man.
Romney now has a new greatest challenge.It is justifying to the
public why he pays about 15% income tax and they pay more.This will
not be pretty. Nor will it sit well with anyone but the far right.
15% ?15% ?!!This is NOT going to go over well.I
pay close to 27%andI still have house payments.and I have 4
kids - 2 still at home, and 2 in college.One of the 1% out-of-touch
Mc said, "Romney made a few changes years ago, which he has explained
well."Hopefully Mc was kidding. Just Sunday morning, Mitt (and
his campaign) flip-flopped on whether had seen anti-Newt Gingrich super PAC ads
aired on his behalf. "With regards to their ads, I haven't seen them,"
Romney said. Then seconds later he tripped himself up in his lie when he said
"The ad I saw said that you'd been forced out of the speakership. That was
correct." After the debate, his spokesman tried to flop back by
saying he hasnt seen ALL of the ads.Just last month, Romney
"made a change" on whether the decision to go into Iraq was correct.
The guy makes so many changes (past and present) that it is
impossible to consider him as a steady or honest candidate.
"I don't make "very much" money on speaking engagements, only
$300,000 in 2011".paraphrased Mitt RomneyHow out of
touch can you be to tell the regular guy that $300,000 isn't "very
much" when it's roughly 7-8 times the median household income in this
country?Romney doesn't resonate with me.
Mountanman says:"...who actually PRODUCE anything are
punished."---What you don't realize is that those
who PRODUCE are the worker bees, not the queen. Why shouldn't the WORKER who
actually MAKES the product get part of the reward?Why should all the
reward go to the top execs?
@ RanchHand. I beg to differ. Its the person who signs their paychecks and gave
them the job in the first place are the producers! If you don't believe it, try
"Labor is prior to, and independent of, capital. Capital is only the fruit
of labor, and could never have existed if labor had not first existed. Labor is
the superior of capital, and deserves much the higher consideration."Abraham Lincoln
Romney's greatest challenge so far?Check out "Yahoo" and other
news sources today.Oh, oh!
'I hear the constant chant of "flip-flopper" but never see the
evidence.' - Mc | 10:32 a.m. Jan. 17, 2012 Allow me:
**'Mitt Romney pledges opposition to gay marriage' - CBS News - 08/04/11 Then: 'It's also notable because Romney was not always such a
strong opponent of gay rights. In 1994, he sent a letter to a gay Republican
group saying he would be a stronger advocate for gay rights...' - Same
Article So, 1994 to 2011 he change his mind. 17 years. Fine. then: **AP NewsBreak: Romney rejects gay marriage pledge
by Thomas Beaumont AP Published by DSnews 07/12/11 Then: *Romney pledges against gay marriage By Jamshid Ghazi Askar Published by
DSNews - 08/06/11 (Signs pledge) 1 month. Then: **'Mitt Romney steers clear of Ohio health, union issues' - By Dan Sewell -
AP - Published by DSNews - 10/25/11 **'Mitt Romney reverses himself,
supports anti-union law' - By Philip Elliott - AP - Published by DSNews -
10/26/11 One day. 24 hours. You cannot say
Mitt Romney is consistant on issues. As such, I fail to see how
anyone can support Mitt Romney on issues... as his stance has
changed...in x24 hours.
And the Cayman island scam.