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(Newsweek)   "Mitt Romney was not a businessman; he was a master financial speculator who bought, sold, flipped, and stripped businesses," says noted liberal pinko former budget director for Ronald Reagan   (thedailybeast.com) divider line 254
    More: Interesting, Mitt Romney, David Stockman, Ronald Reagan, economic values, annual percentage yield, Dodge City, capital structure, free market economy  
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10380 clicks; posted to Politics » on 15 Oct 2012 at 12:35 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-10-15 01:00:31 PM

keylock71: mark12A: Because a "Community Organizer" Is sooooo much better at dealing with the complex financial manuevering needed to get us out of the current mess.....

Give us some of Romney's "specifics"... Particularly, how 5 trillion in tax cuts and a doubling of the defense budgets is "revenue neutral". Also please detail all the loop holes that will be closed to pay for these cuts.

Thanks.


If you would just take the time to read the specifics on Romney's budget plans you'd see that it will work only if you forward on the plan to 10 of your friends before midnight on November 5th. Otherwise we'll have 4 years of bad luck and our crushes will think we're ugly.
 
2012-10-15 01:00:55 PM
Because when a Republican says something that can be manipulated into making another Republican look bad, it's gospel. Then the same Republican says that supply side economics is good for America, it's time to get out the wood stake and burn him as a Nazi.

You people are entertaining, like monkeys.
 
2012-10-15 01:01:20 PM
Please don't sell us out to Mittens and Butch Patrick.
kthxbye BB
 
2012-10-15 01:01:30 PM

gameshowhost: Eddie Adams from Torrance: That's a kind of businessman.

Then, I submit, so is the Mafia.


"If you bet on a horse, that's gambling. If you bet you can make three spades, that's entertainment. If you bet cotton will go up three points, that's business. See the difference?" - Blackie Sherrod
 
2012-10-15 01:03:09 PM

Bendal: Romney is on record saying he believes that his 14% tax rate is perfectly reasonable, since that low rate allows "job creators" the capital they need to invest in new businesses.

So, how many jobs have you PERSONALLY created, Mitt, with that money from your 14% tax rate? He should have just lists and lists of businesses he has personally helped finance and create, and be able to point to a large number of jobs that this low tax rate allowed him to create.

How about it, Mitt? What have you been doing with all that money saved using such a low tax rate?


He's keeping the car elevator and dancing horse business going.

/next, he will install a horse elevator in his car
 
2012-10-15 01:03:23 PM

xynix: The years of 1978-1999 have no bearing on who he is today and what he stands for today.


we are a sum of our experiences. 1978-1999 has a HUGE bearing on who he is today due to the fact that those years shaped him into the questionable person he is today.

/I don't want either option in office
 
2012-10-15 01:03:30 PM
Yes, having lawyers for president has worked out so wall for us in the past.
 
2012-10-15 01:03:41 PM
Are you telling me Wall Street has a serious problem with people who have convinced politicians that the value of the modern banking industry is so essential to proper capitalization of actual productive industry that they deserve to be treated differently by the tax code and be essentially subsidized? Then, following this rent-seeking behavior, they developed methods of maximizing the money being retained by the investment class by leeching off those businesses they said they needed government support to try to help?

This is my shocked face. Next you'll tell me that they alternate between arguing that they have such complete mastery of what assets are the best investments will make this country better that attempts to reign them in only serves to harm the economy in the boom years, and then when things go bust they put out their cap and say there is no way they could have anticipated the asset they had invested so much in only to see the value grow so they kept investing more money into it was just a bubble and the country as a whole has needs to foot the bill because it was a financial Act of God. Then, when things get better, they go back to being geniuses who don't need to be stifled by government bureaucracy.
 
2012-10-15 01:04:42 PM

tommyl66: keylock71: mark12A: Because a "Community Organizer" Is sooooo much better at dealing with the complex financial manuevering needed to get us out of the current mess.....

Give us some of Romney's "specifics"... Particularly, how 5 trillion in tax cuts and a doubling of the defense budgets is "revenue neutral". Also please detail all the loop holes that will be closed to pay for these cuts.

Thanks.

If you would just take the time to read the specifics on Romney's budget plans you'd see that it will work only if you forward on the plan to 10 of your friends before midnight on November 5th. Otherwise we'll have 4 years of bad luck and our crushes will think we're ugly.


One need only send Romney their name , address, social security number, bank account routing and account number and a money order for $1000 (to cover administrative costs) and $10,000 will be deposited into their account immediately and a voucher for a brand new six figure job with health insurance will be mailed to them...
 
2012-10-15 01:06:12 PM
Newsweek? No way!!!
 
2012-10-15 01:07:17 PM

NowhereMon: Anybody else see the Frontline that was on last week after the VEEP debate? It was basically dueling biographies of Obama and Romney.The show shared flattering and not so flattering things about both candidates, but the thing that struck me about Romney in both his business and political careers was so willing to say whatever it took to get he wanted. He literally does not have a single political principle that he has ever been willing to take a stand on.

http://www.pbs.org/wgbh/pages/frontline/choice-2012/


Good stuff and worth the time to watch it


I bring this up almost every time I talk to my mom about the election. Say what you will about the man but at least Obama kept several of his campaign promises and we can be pretty confident in where he stands on several issues but Romney? I don't even know, man.
 
GBB [TotalFark]
2012-10-15 01:07:20 PM

FlashHarry: Myth Romney

everything is lies


"Mitt"... I bet that's not even his real name!!
 
2012-10-15 01:07:23 PM

Lundah: Snow Crash


Awesome book, i recommend it.
 
2012-10-15 01:07:45 PM
RTFA.

Is the writer named Pot?
 
2012-10-15 01:08:12 PM
Well, sure. We can't all be Community Organizers.
 
GBB [TotalFark]
2012-10-15 01:08:59 PM

Eddie Adams from Torrance: That's a kind of businessman.

Frankly it doesn't really matter. The idea that we need a businessman to run government like a business is farking retarded.

Most of the people that spout this nonsense have obviously never worked for a large corporation.. here's a tip, they're not exactly paragons of efficiency and creative thinking.


...and they sure as shiat don't have your best interests in mind. Either as a customer, or employee.
 
2012-10-15 01:09:03 PM

gameshowhost: Eddie Adams from Torrance: That's a kind of businessman.

Then, I submit, so is the Mafia.


Fark you, pay elect me.
 
2012-10-15 01:09:17 PM

xynix: Yeah but he's white and a huge supporter of the military industrial complex.


So he's got that going for him. Which is nice.
 
2012-10-15 01:11:18 PM

Supahl33t: Yes, having lawyers for president has worked out so wall for us in the past.


This message brought to you by the Party of LincolnTM.
 
2012-10-15 01:13:15 PM

spelletrader: spelletrader: The article would hold more weight if her weren't he wasn't peddling a book, and for thirty bucks at that.

FTFM: I must have had a minor stroke or something.


Half a minor stroke; the pronoun was wrong, but the use of subjunctive mood was correct.
 
2012-10-15 01:13:28 PM
So, in summary. He's great at business. Cool.

/The Lama, big hitter, he gets all his advice from Mitt.
 
2012-10-15 01:14:01 PM

Lost Thought 00: Vegan Meat Popsicle: probesport: Let's give him a chance to do it for the US, nothing else has worked so far.

Well, actually, basic Keynesian principles to pull us out of republican-induced tailspins followed by more conservative deficit-reducing efforts during times of prosperity when we can afford to pay off our debt have worked fine on more than one occasion, but your bald-faced lie is probably good too.

Yes, but it didn't do as well as he imagined it should have done, so therefore it was a total failure and we should try something else


I swear I want to strangle someone every time I hear "The last four years have proven that Keynes was wrong! What we need to get us out of this recession is tax cuts to stimulate the economy!"

I've explained to them what Keynesianism is and that their policy is one of many that Keynes would recommend and if they believe that it means they are rejecting the Classical economic model. Wait a week, and again they are attacking Keynes as a big government Spendocrat/closet Marxist.
 
2012-10-15 01:15:36 PM

mark12A: "Community Organizer"


DRINK!!
 
2012-10-15 01:16:31 PM

vpb: This is true of a lot the investment and finance industry. It produces nothing but makes money by manipulating the system. It's not hard to figure out why people like Romney hate government regulation so much.


Rmoney and his kind hate more government the way a serial killer hates more cops.
 
2012-10-15 01:18:29 PM

keylock71: mark12A: Because a "Community Organizer" Is sooooo much better at dealing with the complex financial manuevering needed to get us out of the current mess.....

Give us some of Romney's "specifics"... Particularly, how 5 trillion in tax cuts and a doubling of the defense budgets is "revenue neutral". Also please detail all the loop holes that will be closed to pay for these cuts.

Thanks.


"We'll negotiate this with Congress" is apparently all the detail that's required.

You're welcome.
 
2012-10-15 01:18:40 PM
Was or was not Bain Capital better off with Romney?  If they were better off with him, he was a good businessman for Bain.  That was his job. 
 
I'd hate to elect someone who was a community organizer who was terrible at community organizing for his own community but really good for the other guys.
 
2012-10-15 01:19:04 PM

xynix: propasaurus: And even if you do accept that he was a businessman, a genius who ran a company, what's he done since he retired in 1999?

He ran the Olympics and then was a governor for 4 years. This is what Republicans look at.. Did he suck at running the Olympics? In a financial way yes but they don't see that. Did he invent Obamacare while governor of MA? Indeed he did but that doesn't matter. Did Bain Capital do all kinds of sneaky shiat? Of course they did but capitalism is capitalism and it doesn't matter because he hasn't run the company since 1999. The years of 1978-1999 have no bearing on who he is today and what he stands for today.


wut?
 
2012-10-15 01:19:53 PM
This is like saying Nancy Pelosi is a terrible Congresswoman because all she does is stuff that helps her side.
 
2012-10-15 01:20:10 PM

Supahl33t: Yes, having lawyers for president has worked out so wall for us in the past.


Yeah, because that Harvard MBA did such a stellar job.
 
2012-10-15 01:20:45 PM

Karma Curmudgeon: Supahl33t: Yes, having lawyers for president has worked out so wall for us in the past.

This message brought to you by the Party of LincolnTM.


I'll take Lincoln over Woodrow "Let the KKK in the White House" Wilson any day.
 
2012-10-15 01:21:48 PM

HairBolus: Eddie Adams from Torrance: The idea that we need a businessman to run government like a business is farking retarded.

If a business has a non-profitable division - few want to buy its product or service - then it is best for the business to get rid of it. Some businesses also get rid of divisions that do make a profit but not enough - the capital invested in the division could make more profit elsewhere.

To run the US as a business there would need to be a way to get rid of non-profitable citizens and organizations, maybe using execution or deportation to get rid of people.


Why do we need 50 corporate divisions? We can consolidate, merge some of the under-performing states.
 
2012-10-15 01:22:19 PM
He's the Not Obama, so all the white, blue collar and/or redneck types will vote against their own best interests.
 
2012-10-15 01:23:55 PM

Eddie Adams from Torrance: The idea that we need a businessman to run government like a business is farking retarded.


Depends on your point of view. Romney is running on a campaign (supposedly) of reducing the debt and getting people back to work. Well, Romney is well-versed in making money. Run the government like a business--like Bain--and we'd be rolling in the moulah.

I'm guessing that's the spin people are trying to take on it. Unfortunately, running a country has a lot more nuances than just dealing with a spreadsheet.
 
2012-10-15 01:24:36 PM

I_C_Weener: This is like saying Nancy Pelosi is a terrible Congresswoman because all she does is stuff that helps her side.


That's not a good analogy.
 
2012-10-15 01:25:43 PM

Speaker2Animals: "We'll negotiate this with Congress" is apparently all the detail that's required.


Because Congress has such a stellar reputation for negotiating and compromising.
 
2012-10-15 01:26:11 PM
i274.photobucket.com
 
2012-10-15 01:27:27 PM
According to Ayn Rand, Romney is a looter.
 
2012-10-15 01:27:37 PM

spelletrader: spelletrader: The article would hold more weight if her weren't he wasn't peddling a book, and for thirty bucks at that.

FTFM: I must have had a minor stroke or something.


t3.gstatic.com

Oh. Wait. A *stroke*. As in, the brain.

Never mind. 

/what if you had a stroke while having a stroke?
 
2012-10-15 01:27:46 PM

gameshowhost: I_C_Weener: This is like saying Nancy Pelosi is a terrible Congresswoman because all she does is stuff that helps her side.

That's not a good analogy.


yeah, but he got to work a 'Nancy Pelosi' reference in there. Next up" "SOROS!"
 
2012-10-15 01:27:51 PM

Sofa King Smart: Oh, you want an 'extreme conservative'.. I'm an extreme conservative! You want pro-life... I'm very pro-life...(except for the years that I was very pro-choice...)


While I'm not fond of Mitt Romney, this pretty much describes every politician ever.

People keep saying he "stands for nothing" as if most politicians don't determine their next move by licking their finger and raising it to the wind. A more accurate representation might be seen as a difference of degrees, maybe. I've got an issue with detractors who continuously harp on his "chameleon" approach to politics as if he's cornered the marketshare on it.
 
2012-10-15 01:28:27 PM

xanadian: He's the Not Obama, so all the white, blue collar and/or redneck types will vote against their own best interests.


Uh, hello, whitey here, I wouldn't vote for Romney to be dogcatcher.
 
BN0
2012-10-15 01:28:38 PM

xanadian: Run the government like a business--like Bain--and we'd be rolling in the moulah.


Romney got rich while working at Bain. Bain didn't do so good. They fared about as well as a company as the stock market itself did during the same time period.

Bain Capital was much better for Romney than Romney was for Bain.

Also, look at what Bain REALLY did for Dunkin Donuts: saddled it with MASSIVE debt from it's own leveraged buyout. Thanks Bain!

Also Bain did wonders for KayBee Toys.. (look it up).
 
2012-10-15 01:29:33 PM

randomjsa: 80% of the companies Bain became involved with while Romney was there were able to keep going and 20% failed. Until you can explain away the 80% your little "evil Bain destroys companies!" logic is going to fail.


Which is great if you're a business or you own one (or your job at the firm is one of the prized few that isn't shipped out).

How many jobs were lost (on aggregate, if you can even find the numbers) through Mitt's "business savvy"?

It's not simply about dollars and cents. Real people have to bear the results of Mitt's "entrepreneurship". Not that such a way of doing business is by-definition wrong (saving money is good), but he should own both halves of that business plan, not just the half that saves rich people more money.
 
2012-10-15 01:29:40 PM

SkunkWerks: Sofa King Smart: Oh, you want an 'extreme conservative'.. I'm an extreme conservative! You want pro-life... I'm very pro-life...(except for the years that I was very pro-choice...)

While I'm not fond of Mitt Romney, this pretty much describes every politician ever.

People keep saying he "stands for nothing" as if most politicians don't determine their next move by licking their finger and raising it to the wind. A more accurate representation might be seen as a difference of degrees, maybe. I've got an issue with detractors who continuously harp on his "chameleon" approach to politics as if he's cornered the marketshare on it.


So both sides are bad, you say? What a unique perspective.
 
2012-10-15 01:30:34 PM

I_C_Weener: Was or was not Bain Capital better off with Romney?  If they were better off with him, he was a good businessman for Bain.  That was his job. 
 
I'd hate to elect someone who was a community organizer who was terrible at community organizing for his own community but really good for the other guys.


I guess the question then becomes if Romney is elected he will see all Americans as the people he is responsible to or if he will see his job as making sure that those who financed his run succeed even if it requires screwing over the little guy.

If your response to stories that Romney's business experience consisted primarily of bleeding companies he had control over dry, loading them up with debt, and then skipping town with his business partners now that they had the cash is "That was his job and he did it well. Why demonize him?" ignores that you have to consider if he sees the Presidency as more his job or just another means through which he can maximize profits for his partners.

I think "Romney is an evil man with ill intent" is a silly argument to make, I think he believes his administration will be what's best for America, but he also probably thought what he did at Bain was best for America since it strengthened the financial standing of the smartest guys in the room.
 
2012-10-15 01:30:39 PM
vpb:
This is true of a lot the investment and finance industry. It produces nothing but makes money by manipulating the system. It's not hard to figure out why people like Romney hate government regulation so much.

Government is the only reason there's a "system" to manipulate at all. A true weakly- or non-governed society would not have a sophisticated financial system that would allow money to be made simply by shuffling numbers around, nor would it have a central bank to help maintain economic and currency stability in times of crisis.

Without government the "economy" would be "armed men barter physical goods with other groups of armed men, while avoiding being robbed by more powerful groups of armed men and attempting to rob weaker groups of their own goods."
 
2012-10-15 01:31:13 PM

I_C_Weener: Was or was not Bain Capital better off with Romney? If they were better off with him, he was a good businessman for Bain. That was his job.


Ding!

Still makes him a slimebag in my book, but still. He got the job done. Whether that translates to at LEAST a moderately successful presidency is yet to be seen...but I'd rather not tempt fate. :/
 
2012-10-15 01:31:45 PM
Of course Romney thinks he's a job creator. Every financier thinks he can run a business. And every CEO thinks he's an economist.

Fact is, nothing that Romney is saying in his campaign shows that he has the slightest clue about how to manage an entire economy.
 
2012-10-15 01:32:08 PM

PanicMan: Speaker2Animals: "We'll negotiate this with Congress" is apparently all the detail that's required.

Because Congress has such a stellar reputation for negotiating and compromising.


So, do you think the Republicans would be able to recognize/acknowledge obstructionists in Congress if it were *their* man in the White House?
 
2012-10-15 01:33:14 PM

propasaurus: So both sides are bad, you say?


No. I say that If you want to apply what you feel is a pointed criticism to the matter of why Romney is bad, it's probably best to choose one that isn't true of about 99.99999% of people in the same profession. Or at the very least, you might point out how his adherence to it is in some way significantly different.

It tends to get down to brass tacks a hell of a lot faster.
 
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