Romney/Ryan Lose 2012 Election Thread

[GibbsFactor]

That may be, but unfortunately, he has this platform underneath him, and I find a lot of it not just disagreeable, but downright objectionable and offensive.

~Bang

When was the last time a platform was executed?

[Stadium-Armory]

Look up his career. it will take 20 minutes. It will be good for you.

I'm well aware of his career history and little of it leads me to believe that it translates to leading the macro economy back to sustained growth. Which actions or highlights of his career do you think directly translate to what he can do as the chief executive to improve the economy? Specifics please.

[GibbsFactor]

If Mitts business career is any indication, he will drive up the deficit and extract money from lower/middle class people to benefit the wealthy. That's basically exactly what he's done for the past 30 years.

No it isn't. He was a venture capitalist.

[Stadium-Armory]

If Mitts business career is any indication, he will drive up the deficit and extract money from lower/middle class people to benefit the wealthy. That's basically exactly what he's done for the past 30 years.

Bingo. Thank you.

[AJ*]

From Mitt's website:


I agree 100% with that and am very tired of hot fixes designed to move one problem to a new problem to be dealt with down the road.

His businesses have always been profitable and I'm willing to take his track record over Obama's. He's got a much better track record.

Obama failed in leading and got bullied by a depleted and weak GOP.

Mitt wants to lower the rates on all Americans and eliminate capital gains taxes on those of us making less than 200K. That will drastically help the middle class.

Taxes are at an all-time low now which is why there's a revenue shortage. Who have tax cuts helped the most in the last 20-30 years? It certainly hasn't been the middle class. Most of that money has continued to go to the top while middle class wages have basically flat-lined. How is a capital gains tax cut going to benefit anyone in the middle class? Tax cuts haven't and won't stop jobs from going overseas. You can give all the tax cuts in the world but the American worker can't compete with Chinese slave labor working 12 hour days and making less than a dollar an hour with no benefits. It's also not going to bring jobs back in the public sector which Republicans have targeted for decimation.

And Mitt Romney doesn't have a history of job creation. He has a history of making money for investors. There's a difference. Just because a guy made a lot of money on wall street doesn't mean he's fit to be president. Even Reagan's budget director in his own words states this and lays out what Romney was all about. It was never about job creation. That's for damn sure.

http://www.thedailybeast.com/newswee...ain-drain.html

"Mitt Romney was not a businessman; he was a master financial speculator who bought, sold, flipped, and stripped businesses. He did not build enterprises the old-fashioned way—out of inspiration, perspiration, and a long slog in the free market fostering a new product, service, or process of production. Instead, he spent his 15 years raising debt in prodigious amounts on Wall Street so that Bain could purchase the pots and pans and castoffs of corporate America, leverage them to the hilt, gussy them up as reborn “roll-ups,” and then deliver them back to Wall Street for resale—the faster the better.

That is the modus operandi of the leveraged-buyout business, and in an honest free-market economy, there wouldn’t be much scope for it because it creates little of economic value. But we have a rigged system—a regime of crony capitalism—where the tax code heavily favors debt and capital gains, and the central bank purposefully enables rampant speculation by propping up the price of financial assets and battering down the cost of leveraged finance.

So the vast outpouring of LBOs in recent decades has been the consequence of bad policy, not the product of capitalist enterprise. I know this from 17 years of experience doing leveraged buyouts at one of the pioneering private-equity houses, Blackstone, and then my own firm. I know the pitfalls of private equity. The whole business was about maximizing debt, extracting cash, cutting head counts, skimping on capital spending, outsourcing production, and dressing up the deal for the earliest, highest-profit exit possible. Occasionally, we did invest in genuine growth companies, but without cheap debt and deep tax subsidies, most deals would not make economic sense."

- David Stockman

Really? He's a sack of ****? He's only the most qualified candidate since George Bush Sr.

Qualified? How do you measure qualification for anything?!? George W. Bush was a successful governor (even moreso than Romney) and he made lousy decision after lousy decision as President. I see nothing in Mitt Romney's resume (or temperament) that makes me think he would make a great president.

[chipwhich]

Taxes are at an all-time low now which is why there's a revenue shortage.

No there is a revenue shortage because the economy sucks.

Taxes don't drive revenue, the economy drives revenue.

[skinsfan_1215]

No it isn't. He was a venture capitalist.

Venture capital firms are typically entrepreneurial in nature. That was not what Bain was/is.

[GibbsFactor]

I'm well aware of his career history and little of it leads me to believe that it translates to leading the macro economy back to sustained growth. Which actions or highlights of his career do you think directly translate to what he can do as the chief executive to improve the economy? Specifics please.

Romney's made his worth by being an uber manager. He has always been considered an exceptional leader that has saved multiple ventures including Bain and Company and the Olympics. He left Bain and Company to run Bain Capital and when Bain and Company was failing, he came back and resurrected the company in 2 short years.

---------- Post added November-4th-2012 at 11:10 AM ----------

Thanks for proving my point.

How about being so moderate that as a GOP governor he signed RomneyCare into law. How is that not displaying a knock to handle Congress?

The alternative had control of the leg and exec branches and accomplished what?

---------- Post added November-4th-2012 at 11:09 AM ----------

Venture capital firms are typically entrepreneurial in nature. That was not what Bain was/is.

Are you kidding now? lol

[Stadium-Armory]

Romney's made his worth by being an uber manager. He has always been considered an exceptional leader that has saved multiple ventures including Bain and Company and the Olympics. He left Bain and Company to run Bain Capital and when Bain and Company was failing, he came back and resurrected the company in 2 short years.[COLOR="Gold"]

Some guy off shored some jobs and saved a fledgleing venture capital firm and you weigh that experience as more valuable than the current executive who, by all measures has lead the ENTIRE US ECONOMY from the depths of a possible depression to early signs of sustained growth. I suggest to you that you're not being honest with your self.

[GibbsFactor]

Taxes are at an all-time low now which is why there's a revenue shortage. Who have tax cuts helped the most in the last 20-30 years? It certainly hasn't been the middle class. Most of that money has continued to go to the top while middle class wages have basically flat-lined. How is a capital gains tax cut going to benefit anyone in the middle class? Tax cuts haven't and won't stop jobs from going overseas. You can give all the tax cuts in the world but the American worker can't compete with Chinese slave labor working 12 hour days and making less than a dollar an hour with no benefits. It's also not going to bring jobs back in the public sector which Republicans have targeted for decimation.

And Mitt Romney doesn't have a history of job creation. He has a history of making money for investors. There's a difference. Just because a guy made a lot of money on wall street doesn't mean he's fit to be president. Even Reagan's budget director in his own words states this and lays out what Romney was all about. It was never about job creation. That's for damn sure.

http://www.thedailybeast.com/newswee...ain-drain.html







Qualified? How do you measure qualification for anything?!? George W. Bush was a successful governor (even moreso than Romney) and he made lousy decision after lousy decision as President. I see nothing in Mitt Romney's resume (or temperament) that makes me think he would make a great president.

Obama wants to raise taxes on the rich which is nice and gives everyone someone to hate. The successful people. However, what Obama fails to execute is an actual reduction on spending.

We can tax the rich 90% but without reducing spending it won't matter. Besides, the rich will all move to a better tax shelter.

And as far as being qualified, he's the best executive to run in years. Bush was a failed businessman and didn't do much in Texas.

---------- Post added November-4th-2012 at 11:17 AM ----------

Some guy off shored some jobs and saved a fledgleing venture capital firm and you weigh that experience as more valuable than the current executive who, by all measures has lead the ENTIRE US ECONOMY from the depths of a possible depression to early signs of sustained growth. I suggest to you that you're not being honest with your self.

Who's been lying to you? He didn't offshore any jobs. He restructured compensation and saved the 1000 workers at the company and even got past investors to return. And be specific about how Obama has leade the ENTIRE US ECONOMY from the depths of a possible depression to early signs of sustained growth. What signs of "sustained" growth are there?

[Stadium-Armory]

Larry just quoted them a few pages back. Here's what Mitt REALLY did at Bain:

http://www.thedailybeast.com/newswee...ain-drain.html

Mitt Romney claims that his essential qualification to be president is grounded in his 15 years as head of Bain Capital, from 1984 through early 1999. According to the campaign’s narrative, it was then that he became immersed in the toils of business enterprise, learning along the way the true secrets of how to grow the economy and create jobs. The fact that Bain’s returns reputedly averaged more than 50 percent annually during this period is purportedly proof of the case—real-world validation that Romney not only was a striking business success but also has been uniquely trained and seasoned for the task of restarting the nation’s sputtering engines of capitalism.

Except Mitt Romney was not a businessman; he was a master financial speculator who bought, sold, flipped, and stripped businesses. He did not build enterprises the old-fashioned way—out of inspiration, perspiration, and a long slog in the free market fostering a new product, service, or process of production. Instead, he spent his 15 years raising debt in prodigious amounts on Wall Street so that Bain could purchase the pots and pans and castoffs of corporate America, leverage them to the hilt, gussy them up as reborn “roll-ups,” and then deliver them back to Wall Street for resale—the faster the better.

That is the modus operandi of the leveraged-buyout business, and in an honest free-market economy, there wouldn’t be much scope for it because it creates little of economic value. But we have a rigged system—a regime of crony capitalism—where the tax code heavily favors debt and capital gains, and the central bank purposefully enables rampant speculation by propping up the price of financial assets and battering down the cost of leveraged finance.

He is far less qualified than O on the economy and it isn't even close to anyone who cares to look.

[alexey]

Nobody is presenting "tax rich more" as the solution to our problems.

Somebody is presenting, however, "tax rich less" as the solution.

[Redskins Diehard]

Alert! Alert! All hands on deck....get the Daily Beast article into the Romney-Ryan thread ASAP!!!!

[Stadium-Armory]

Nice substantive come-back.

[GibbsFactor]

Nobody is presenting "tax rich more" as the solution to our problems.

Somebody is presenting, however, "tax rich less" as the solution.

Who?