oh snap.... Obama campaign goes after Romney's Bain Capital years hard
http://www.youtube.com/watch?v=sWiSFwZJXwE
Good stuff. Resonates with how Romney's strategies are terrible for 95% of the population but great for himself.
oh snap.... Obama campaign goes after Romney's Bain Capital years hard
http://www.youtube.com/watch?v=sWiSFwZJXwE
oh snap.... Obama campaign goes after Romney's Bain Capital years hard
http://www.youtube.com/watch?v=sWiSFwZJXwE
Daaamn, love how they're constantly on the offensive. Very impressive.
And with that mountain of ammo against Rombot, they can afford to keep up this pressure for quite a while.
The Republicans going after the guys in the ad individually (which will happen) probably won't be very smart either.
Burning a house down is easy. It takes one arsonist. Preserving the house - someone's home - is hard. It takes an army of firemen.
That would be the absolute worst thing they could do, Obama's campaign could turn them into this year's "Joe the Plumber"s
I'll be a little nicer:
US oil production is basically at its historical end.
I didn't realize that either Texas or Alaska were nearing anywhere close to "dry", do you have any articles about this? I was under the impression that there were still billions and billions of proven barrels in both areas still.
The easiest way for Romney to go would require some sincerity on his part. Spin it as having to make the hard decisions for the good of the future.
It'd be tough for him, I'm thinking, if only because I don't think Bain was ever in it for the companies involved just to raise the value enough to make a good profit before offloading.
Romney on Steel Mill : I don't recall that particular steel mill, there have been many, but if I upset, hurt of offended any of the workers I apologize.
"I never thought of what I do for a living as job creation. The primary goal of private equity is to create wealth for your investors."
Marc B. Walpow, former managing partner at Bain Capital, the firm where Mitt Romney was CEO, who worked closely with Romney for nine years
Los Angeles Times, 12/3/11
For nearly 20 years, Mitt Romney specialized in corporate buyouts.
Its an experience he cites as a key credential for running for president. And while its true that Romneys business philosophy often led to profit for him and his partners, far too often it came at great cost to American workers and their communities.
At first, Romney focused primarily on venture-capital deals, investing in start-ups or companies that were looking to expand. But by the early 90s, Romney and his partners began looking for bigger payouts with less risk, believing there was more money to be made buying and selling existing businesses than growing new ones.
Using whats called a leveraged buyout, Romney and his investors would take control of a successful business, paying only a fraction of the total price. The rest would be paid for by loading the company up with debt, using the firm they were buying as collateralso ultimately the company, not Romney, would be responsible for paying back the debt.
That left Romney and his partners free to extract as much profit from the companies as possible.
In the face of mounting debt, the company would then be forced to cut costsoften by reducing wages and benefits, closing factories and stores, and laying off workers. Sometimes, this debt was enough to drive the company into bankruptcy.
Mitt Romney wasnt trying to build companies for the long term. His plan was to maximize short-term profits, and then resell all or part of the business before the debts came due.
The goal was never to create jobsthe goal was to create wealth for investors, as even his former partner admitted.
All investments involve risk, but under Mitt Romneys leadership he and his partners carefully structured deals so that even when the companies in question went bankrupt, Romney and his investors maximized their potential gain. Using this model, they made millions, even while driving some businesses into bankruptcy and leaving workers without jobs, health care, and pensions.
Mitt Romney and his partners played by their own set of rules, and practiced a model that was profitable for a handful of corporate investors, but sometimes devastating for local communities.
This is the experience that Mitt Romney now cites as his qualification to be president, and the economic philosophy he would bring to the entire country.
But the real strength of our economy is a growing, thriving middle class, where everyone plays by the same rules and everyone gets a fair shot.
"These guys have figured out a way to make money even if the company loses money. Its heads we win, tails we win."
MIT Sloan School of Management Senior Lecturer Howard Anderson on Romney and his tactics
Boston Globe, 1/14/12
In response to the Bain attack, the Romney campaign said Monday it welcomed the Obama campaigns attempt to pivot back to jobs and a discussion of their failed record. In a statement, Romney spokesperson Andrea Saul said the former Massachusetts governor had helped create more jobs while at Bain and during his one term as governor than President Obama has for the entire nation.
This is roughly... "I created more jobs in 17 years at a private company and as the governor of a liberal state than you did in 4?"Romney campaign response
http://blogs.wsj.com/washwire/2012/...e-on-romneys-bain-years/?mod=google_news_blog
Romney campaign response
http://blogs.wsj.com/washwire/2012/...e-on-romneys-bain-years/?mod=google_news_blog
Well when you put it like that...He claims that he created around 100,000 jobs at Bain, right? There were only about 49,000 jobs added while he was governor, as well. How is 149,000 more than the 4.2 million private sector jobs added under Obama's term?
He claims that he created around 100,000 jobs at Bain, right? There were only about 49,000 jobs added while he was governor, as well. How is 149,000 more than the 4.2 million private sector jobs added under Obama's term?
I see Obama as a nearly break even President in terms of job growth. Are you not including his first few months in office?
I see Obama as a nearly break even President in terms of job growth. Are you not including his first few months in office?
I see Obama as a nearly break even President in terms of job growth. Are you not including his first few months in office?
I don't expect GST Steel to be the last story Obama campaign uses either.
The 6 minute video is worth the watch.
Also, Politico story today says Romney's ideal VP candidate is an incredibly boring white guy
So, Portman or Pawlenty?
I understand where you're coming from, but look at this:
January 2009 741,000 jobs lost
February 2009 681,000 jobs lost
March 2009 652,000 jobs lost
April 2009 519,000 jobs lost
May 2009 303,000 jobs lost
June 2009 463,000 jobs lost
July 2009 276,000 jobs lost
The VAST majority of jobs lost under this administration were January through April. Obama didn't even get inaugurated until January was half over. There isn't a realistic argument that one could make that those early losses were due in any part to what the administration was doing.
Well, even if you do just take the net jobs created in the strict time frame Obama has held office, we're in the range of 202,900 jobs added, which still beats 149,000, right? But I'd imagine a case could be made for excluding the first few months, because we're talking about economic growth as a result of his economic policy; not just the net job growth that occurred during the months he occupied the office... The first few months, while they show huge job losses also show a struggling, massive reversal of course from the preceding months:I see Obama as a nearly break even President in terms of job growth. Are you not including his first few months in office?
It's net positive even with January, I just did the math to the hundreds column. Opiate's claim of "nearly break even" on a national scale isn't wrong though, when we're talking 4+ million lost and recovered.I am pretty sure if you only just remove the January numbers, Obama is in a net positive and over the 149000 jobs Romney created.
I am pretty sure if you only just remove the January numbers, Obama is in a net positive and over the 149000 jobs Romney created.
The real scoop is this:
Does the Romney campaign deliberately misstate facts and positions because:
A) They know that nobody in conservative media will call them out on it.
B) They know that the "liberal" media comprised almost entirely of liberal blogs, MSNBC, and, apparently Real Time with Bill Maher have a limited audience.
C) The inbetween and so-called unbiased media report on such a wide-scale of issues that taking a presidential candidate to task for the lies of its campaign can only receive a small part of the overall reporting.
D) The main voting bloc of the country, those 45 and older comprise over half of all votes cast. Those in this older bracket are also largely white, who have favored republicans in every presidential election for the last 35+ years. They are largely fed by a steady diet of half-truths by the same sources as mentioned in A) and also deliberately avoid sources as mentioned in B) and C)
Anything else anyone wants to add?
Any medicare experts willing to help out my waifu? She has to write about the loopholes in medicare that for-profit health facilities take advantage of. I have no idea where to start.
Very, very true. Over 1.2 million government jobs were lost under Obama's term.Not yet.
Those jobs are private sector, not net. Obama's record is still -579,000 jobs in total job creation (counting from February 2009 on). Though I expect Obama's overall record will turn positive before the election.
You've pretty much nailed it. I think the debates are going to be a key moment for Romney, because he won't be able to run away from his lies and from looking at how fast the Obama campaign has been to call Romney out on pretty much everything, I don't think he's going to get away with it in the debates.
Very, very true. Over 1.2 million government jobs were lost under Obama's term.
Anyone?
Anyone?
Debates tend to be more about playing to the audience than strictly facts and substance though. Palin was said to do "well" in her VP debate just on the merit of forming coherent sentences.
Unfortunately for Romney he's pretty bad at that, too- there have been some notable moments where he's gotten flustered and upset on the podium, and a couple of bizarre moments where ad-libbing a rebuttal ($10,000 bet) backfired on him.
Debates tend to be more about playing to the audience than strictly facts and substance though. Palin was said to do "well" in her VP debate just on the merit of forming coherent sentences.
Unfortunately for Romney he's pretty bad at that, too- there have been some notable moments where he's gotten flustered and upset on the podium, and a couple of bizarre moments where ad-libbing a rebuttal ($10,000 bet) backfired on him.
One of the most profound acts of restraint I've seen in recent human history. Once she started winking at the camera I know I would have gone for the jugular.Also with the 08 VP debate, Biden was fighting with kid gloves on. He could have destroyed Palin, but he knew that he would come off as a "bully" if he did, so he just let her get her points out and get on with it.
Might want to inform the rest of the US, as it has been on a pretty significant upswing over the past 8 years.
The U.S is also the third biggest producer of oil in the world, accounting for 9 percent of the total production.
Texas still has 4.5-5 billion barrels of proven oil. Which would put it ahead of Egypt and slighly behind the entire EU.
One of the most profound acts of restraint I've seen in recent human history. Once she started winking at the camera I know I would have gone for the jugular.
Where I work some of our clients (who use both Medicare and Medicaid) are forced to see doctors every quarter for issues they have no serious problems with because the doctor gets paid every visit. Generally it's for things they don't need to see doctors for more than once a year for, but in order to prevent the doctor from dropping them, we have to stick to their quarterly visits. There are so few doctors in this area that we have no choice but to stick to their schedule. Anecdotal, but it may help.
They closed a number of them recently. The particular one I recall my mom talking about was her company can't double bill medicare for her time anymore.
Basically, you'd have a physical therapist doing a group therapy session for an hour. 60 minutes of billable time, right? Well, not until recently, no. If your session had 2 people in it, you were billing Medicare 60 minutes for each patient, so 120 minutes. 3 people, 180 minutes. Not that there was ever a single minute above 60 actually being expended by the physical therapist in question, but because the company could bill for 60 minutes per person, they did.
That's really the only major one my mom ever mentioned.
Thanks guys. Yeah my wife is a budding Occupational Therapist and her experience working at a for-profit outpatient healthcare facility is downright disheartening. Her major complaint is that people in that facility are more concerned with squeezing money out of insurance/medicare rather than taking good patient care. She also worked in a University setting at UIC, and she used to love going there. Here, not so much. But it's a rotation, which will end soon.
Yeah, I really hope Obama plays hardball in debates. Its going to be glorious.
I'm not so sure. Romney is very good at being coached to throw out counter talking points lightning fast. He's going to have some zinger or comeback for every claim Obama makes. I bet you that whenever he's not at events or sleeping, he's practicing debating. And he actually seems to debate better under pressure. Every time in the primary where the narrative was that Mitt had to have a good showing, or else, he did with flying colors. When it mattered, he slapped around Gingrich like he was nothing.
I'm not so sure. Romney is very good at being coached to throw out counter talking points lightning fast. He's going to have some zinger or comeback for every claim Obama makes. I bet you that whenever he's not at events or sleeping, he's practicing debating. And he actually seems to debate better under pressure. Every time in the primary where the narrative was that Mitt had to have a good showing, or else, he did with flying colors. When it mattered, he slapped around Gingrich like he was nothing.
His opponents were generally on the same page as him in the republican debates, though. They were mostly just arguing semantics over who was the most conservative. He hasn't had to debate against points from someone who isn't a republican since his run for governor, likely.
Gingrich is also a pretty easy target.