Who do you support for Governor in Pe...
Mutt vs Mitt

West Mifflin, PA

#34492 Sep 3, 2012
"Romney is an American Success Story"
Just the facts:

LOL! Four years ago, the Mitt Romneys of the world nearly destroyed the global economy with their greed, shortsightedness and - most notably - wildly irresponsible use of debt in pursuit of personal profit. The sight was so disgusting that people everywhere were ready to drop an H-bomb on Lower Manhattan and bayonet the survivors. But today that same insane greed ethos, that same belief in the lunatic pursuit of instant borrowed millions - it's dusted itself off, it's had a shave and a shoeshine, and it's back out there running for president.

Mitt Romney decries the national debt, but his career was made by running up debt on companies on their last lifeline.

"The result has been a brilliant comedy: A man makes a $250 million fortune loading up companies with debt and then extracting million-dollar fees from those same companies, in exchange for the generous service of telling them who needs to be fired in order to finance the debt payments he saddled them with in the first place."

Mitt Romney's fortune was gained by gaming the government.

"Which brings us to another aspect of Romney's business career that has largely been hidden from voters: His personal fortune would not have been possible without the direct assistance of the U.S. government. The taxpayer-funded subsidies that Romney has received go well beyond the humdrum, backdoor, welfare-sucking that all supposedly self-made free marketeers inevitably indulge in."
Mutt vs Mitt

West Mifflin, PA

#34494 Sep 3, 2012
Matt Taibbi Reveals How Romney Made His Fortune -- It Ain't Pretty, and He Shouldn't Be Proud of It

Matt Taibbi writes, quote, "what most voters don’t know is the way Mitt Romney actually made his fortune: by borrowing vast sums of money that other people were forced to pay back. This is the plain, stark reality that has somehow eluded America’s top political journalists for two consecutive presidential campaigns: Mitt Romney is one of the greatest and most irresponsible debt creators of all time," Taibbi writes. He goes on to say, "In the past few decades, in fact, Romney has piled more debt onto more unsuspecting companies, written more gigantic checks that other people have to cover, than perhaps all but a handful of people on [planet] Earth."

AMY GOODMAN: Lay it out for us. Excellent piece, investigative piece, on Mitt Romney’s wealth. Where did it start?

MATT TAIBBI: Well, you know, for me, it started when I had to cover this campaign earlier this year, and I was listening to Romney’s stump speech about debt. You know, he came up with this whole image of a prairie fire of debt raging across America that was literally going to burn children alive in the future. And I kept thinking to myself, does nobody know what this guy did for a living and how he made his money? You know, Mitt Romney is unabashedly a leverage buyout artist. And a leverage buyout artist is a guy who borrows lots of money that other companies have to pay back. And that’s the simple formula.

He started out—his most famous deals, of course, are essentially venture capital deals like the Staples situation, where he built a company from the ground up. But after Staples, he switched to a different model, that he preferred for the rest of his professional career, in which he took over existing companies by putting down small amounts of his own cash, borrowing the rest from—typically from a giant investment bank, taking over controlling stakes in companies, and then forcing those companies to pay him either through management fees or through dividends. And that’s his business formula.
Mutt vs Mitt

West Mifflin, PA

#34495 Sep 3, 2012
AMY GOODMAN: Explain what private equity is.

MATT TAIBBI: Well, that is what a private equity fund does. They’re essentially—it’s a synonym for what in the '80s we called the leverage buyout business. It's a small group that raises capital and then goes and leverages takeovers of companies using borrowed money. In the '80s, these—this sort of business was glamorized through a couple of things, in particular, in pop culture. One was the movie Wall Street , where Gordon Gekko, the famous Michael Douglas character from the Oliver Stone movie, was essentially a private equity guy. He was a leverage buyout takeover artist. And the other one was a book called Barbarians at the Gate , which was a true story of the takeover of RJR Nabisco by a company called KKR, which was another Bain Capital-like takeover company. And that's what they are. They’re essentially guys who
Mutt vs Mitt

West Mifflin, PA

#34496 Sep 3, 2012
borrow money to take over companies and extract wealth from those companies to pay off their investors.

AMY GOODMAN: Matt, you say that Mitt Romney is not the flip-flopper that critics say he is.

MATT TAIBBI: Yeah. I mean, this is a sort of a subtle point about Mitt Romney. It’s funny. I don’t want to stretch this comparison too much, but, you know, there’s—it’s almost like he has a kind of a religious conviction about being able to lie to people outside of the tent, so to speak. You know, there’s that tenet of some forms of extreme Muslim religions where it’s OK to lie to the infidel. And I think Mitt Romney has a little bit of that. He seems to believe that it’s OK, that there’s nothing particularly wrong with changing one’s mind about things, and he does it repeatedly in a way that I think is different from other politicians. For him, it’s just changing a business strategy, and he doesn’t see why everybody should get so upset about it

Read More Here:

http://www.alternet.org/election-2012/matt-ta...
Ted

Johnstown, PA

#34497 Sep 3, 2012
Dan the Man wrote:
Key portion for the wingnuts who can't comprehend multiple paragraphs...
Suppose your house is on fire and the firefighters race to the scene. They set up their hoses and start spraying water on the blaze as quickly as possible.
After the fire is put out, the courageous news reporter on the scene asks the chief firefighter, "is the house in better shape than when you got here?"
----------
Under the particular set of circumstances we're in today, asking if you're better off today than you were four years ago is simply stupid.
Or blindly partisan.
Or both.
danny BOY, your psychotic ramblngs have been missed!

"Are Americans Better Off Today Than They Were Four Years Ago?"

Yours, Axelrod's and Plouffe's refusal to directly answer the question is all the response that's needed.

We ALL know the answer to that one, BOY, but your creatively dishonest excuses are always fun to read.

No, we Americans are NOT better off today than we were four years ago.

There's no need to make up stories about fires and elevate Obama's ineffective 'leadership' to that of fire chief. Obama's response to the nation's difficulties has been to watch that house burn, torch the neighbor's house while blaming Bush for starting it.

danny BOY: pathological liar.
Mutt vs Mitt

West Mifflin, PA

#34498 Sep 3, 2012
MATT TAIBBI: Yeah, no, it’s absolutely typical of a private equity transaction. I think one of the glaring misconceptions about this kind of business that’s persisted throughout Mitt Romney’s campaign for the presidency is that what these companies do is turn around and fix companies, that they’re in the business of helping these companies. Romney constantly uses this term, that he—that, you know, "help." "I’m either helping this firm, or I’m helping it turn around." He wrote a book called Turnaround. But they are not in the business of turning companies around and creating jobs. That is a complete mischaracterization. What they’re in the business of doing is repaying the investors who lent them the money to take over those companies. The workers are completely irrelevant in this scheme.

Romney is—you know, the old-school industrialists, like Mitt Romney’s father, they were men and women who built communities. They had factory towns. They were very anxious to leave, you know, hard legacies that people could see: hospitals, churches, schools—you know, the Hersheys of the world, the Kelloggs. But these new owners have absolutely no allegiance to American workers, American places, American communities. Their only allegiance is to the investors and to themselves. And so, it’s not at all uncharacteristic to have these situations where people are pleading for their jobs or they’re saying, you know, "We’ll tighten our belts, if you just make this concession and keep us." That’s irrelevant to the Mitt Romney-slash-Bain Capital-slash-Carlyle Groups of the world. They’re entirely about making profits. And if that means shipping jobs to China or eliminating jobs, that’s what they’re going to do. And that’s the new generation of corporate owners in this country
Mutt vs Mitt

West Mifflin, PA

#34499 Sep 3, 2012
The Secret to Mitt Romney’s Fortune, Greed, Debt and Forcing Others to Foot the Bill:

Well, look, again, this is what—how companies like Bain made their money. And a great example was a company that I went and visited—well, the place where it used to exist—KB Toys, which used to be headquartered out in Pittsfield, Massachusetts. They took over the company with like $18 million down. They financed the other $302 million. So that’s borrowed money that subsequently became the debt of KB Toys. This is an important distinction for people to understand. When they borrowed that money to take over that company, they didn’t have to pay it back, KB had to pay it back. Once they took over the company, they induced it to do a $120 million, quote-unquote, "dividend recapitalization," which essentially means that the company had to cash in a bunch of shares and pay Bain and its investors a huge sum of money. And in order to finance that, they had to take out over $60 million in bank loans. So, essentially, you take over the company, you force them to make enormous withdrawals against their credit card, essentially, and pay the new owners of the company. And that’s essentially what they did. They took over a floundering company that was sort of in between and faced with threatening changes in the industry, and they forced them to cash out entirely and pay all their money to the new owners.
Mutt vs Mitt

West Mifflin, PA

#34500 Sep 3, 2012
A great example is Dunkin’ Donuts, whose parent company was taken over a couple years ago by a combination of Bain Capital and the Carlyle Group. Dunkin’ was induced to do one of those dividend recapitalizations. They had to pay half-a-billion dollars to their new masters. And just to pay the debt service on the loan they took out to make that payment to Bain and Carlyle, they’re going to have to sell like two-and-a-half million cups of coffee every month just to pay the debt service. So, that’s extraordinary. They are—they’re essentially vultures who hang out waiting for companies to get sick, then they forcibly take them over, and they extract fees, commissions and dividends, by force, essentially.
Marisa

Carlisle, PA

#34501 Sep 3, 2012
Was listening to NPR and the man being interveiwed (his name is Andy Cohen or Cahill, sorry I couldn't quite make it out) was saying that in 2008, 90% of the youth were for Obama. He said it is now down to 40%.

He also said that the democrats are somewhat out of sorts where as the GOP seems to be on top this time around. In 2008, the democrats were the top dog. Now the GOP is and actually has been, starting in the mid terms. He said the GOP has been in control since the mid terms and it appears they still are.

He also said that a lot of democrats have lost faith in Obama because he is not what he said he was, a lot of those democrats are voting for Romney.

Okay that said...I have this to say.
The DNC Convention is tomorrow and it's going to be a lot of people speaking that this country is fed up with..Harry Reid, Nancy Pelosi,Jimmy Carter(that ought to be good, another failure as president),Rahm Emanuel, Sandra Fluke(the worlds oldest student),Elizabeth Warren( she's the one that thinks she's part American Indian), and Pro Abortion speakers( I bet they'll bring comfort to this failing economy),Debbie Wasserman Schultz(I hope she washes her hair for her big night),and last but not least will be the union thugs.

Sometime during the convention the debt will hit 16 trillion, not a good thing.

The day after the convention the jobs numbers will come out and there is talk that it's not good either.

So it looks like it's going to rain on their parade.

Am I going to watch it? HECK NO!
Mutt vs Mitt

West Mifflin, PA

#34502 Sep 3, 2012
Read more here on Romneys 'shell game'..
LQQK HERE:

http://www.democracynow.org/2012/8/30/matt_ta...
Marisa

Carlisle, PA

#34503 Sep 3, 2012
I forgot to mention the big speaker at the convention.

Bill Clinton, you know him. He's the guy that molests women and cheats on his wife, and lies under oath. And they think he's going to save them....that's hilarious!!
Ted

Johnstown, PA

#34504 Sep 3, 2012
Dan the Man wrote:
"Are Americans Better Off Today Than They Were Four Years Ago?" The Question That Exposes Incompetent Reporters
.
While the source is not clear, someone developed a simple way to identify incompetent news reporters. If you hear a reporter ask people in President Obama's administration, ideally in a belligerent tone, "are the American people better off than they were four years ago?,"the reporter is trying to tell you that they are not qualified to do their job.
The reason we know that the questioners are incompetent reporters is that this is a pointless question. Suppose your house is on fire and the firefighters race to the scene. They set up their hoses and start spraying water on the blaze as quickly as possible. After the fire is put out, the courageous news reporter on the scene asks the chief firefighter, "is the house in better shape than when you got here?"
Yes, that would be a really ridiculous question.
Hence George Stephanopoulos was being absurd when he posed this question to David Plouffe, a top political adviser to President Obama on ABC's This Week. Bob Schieffer was being equally silly when he asked Martin O’Malley, the Chairman of the Democratic Governors Association, the same question on CBS's Face the Nation.
A serious reporter asks the fire chief if he had brought a large enough crew, if they enough hoses, if the water pressure was sufficient. That might require some minimal knowledge of how to put out fires.
Similarly, serious reporters would ask whether the stimulus was large enough, was it well-designed, and were there other measures that could have been taken like promoting shorter workweeks, as Germany has done. That would of course require some knowledge of economics, but it sure makes more sense than asking if a house is better off after it was nearly burnt to the ground.
----------
Incompetent reporters and unthinking wingnut drones.
Beautiful, danny BOY!

OF COURSE!

Blame the reporter and the question!

!LOL!

The 8.5% of Americans who are out of work under Obama's presidency, the 23 million Americans who are unemployed or under employed now under Obama's leadership, the Americans who have lost 39% of our net worth under Obama's 'leadership' and those Americans whose mortgages are under water facing foreclosure, danny BOY, may think it a valid question to ask "Am I better off today than I was four years ago?"

That leads to asking "Why would the next four years under Obama be any different than the last four years?"

danny BOY: pathological liar.
xfactor

Mckeesport, PA

#34505 Sep 3, 2012
the whole country, except the corporate cronies, or recipient class benefiting from Obama handouts feel disenfranchised from the whole system.

The two party farce is coming to an end, we will go one of two ways in the next 8-12 years

total nanny/police state - and the federal reserve at the helm

freedom and liberty, sound money, no more foreign bank controlling our currency and dictating policy via the two headed GOP/DEM monster.

the American people are waking up, they are hitting the working class pocket book way too hard, education cost are out of control, and health care is going the way of the USSR.

few people can relate to these two candidates, and the 'hope and change' bamboozle has run its course.

Romney wins, and things get worse - maybe more people wake up out of their stupor.
Mutt vs Mitt

West Mifflin, PA

#34506 Sep 3, 2012
2. Laws and Deregulations

The Mitt Romney's of the world are the main beneficiaries of tax laws, property rights, zoning rules, patent and copyright provisions, trade pacts, antitrust legislation, and contract regulations. Tax loopholes allow them to store over $1 trillion in assets overseas.

Their companies benefit, despite any publicly voiced objections to regulatory agencies, from SBA and SEC guidelines that generally favor business, and from FDA and USDA quality control measures that minimize consumer complaints and product recalls.

The growing numbers of financial industry executives have profited from 30 years of deregulation, most notably the repeal of the Glass-Steagall Act. Lobbying by the financial industry has prolonged the absurdity of a zero sales tax on financial transactions.

Big advantages accrue for multinational corporations from trade agreements like NAFTA, with international disputes resolved by the business-friendly World Bank, International Monetary Fund, and World Trade Organization. Federal judicial law protects our biggest companies from foreign infringement. The proposed Trans-Pacific Partnership would put governments around the world at the mercy of corporate decision-makers.

The euphemistically named JOBS Act further empowers business, exempting startups from regulatory accounting requirements.

There are even anti-antitrust measures, such as the licensing rules that allow the American Medical Association to restrict the number of doctors in the U.S., thereby keeping doctor salaries artificially high. Can't have a free market if it hurts business
Ted

Johnstown, PA

#34508 Sep 3, 2012
Dan the Man wrote:
<quoted text>
No response to how free, voting Americans who are active in the Democratic process can become slaves?
Avoiding the question?
LOL! Big surprise.
danny BOY, you have a resource within your own party!

Pose your question "how free, voting Americans who are active in the Democratic process can become slaves" to vice president Joe Biden, BOY!

Remember, it was the Delawarean BIDEN, in a cringe-inducing unpracticed southern drawl, preaching to a largely black audience in sw Virginia, that Romney's policies would put “y'all back in chains” as he tried to churn associations with chain gangs and slavery.

!LOL
Mutt vs Mitt

West Mifflin, PA

#34509 Sep 3, 2012
How many times was the debt ceiling raised while George W. Bush occupied the White House?

To start, it's important to realize that both Republican and Democratic presidents have signed off on raising the nation's debt limit. Congress has enacted "74 separate measures that have altered the limit on federal debt" since March of 1962.

As the nation's debt load has surged from $1 trillion to $10 trillion to its current level of $15.3 trillion, the debt ceiling limit has also been raised accordingly.

In terms of George W. Bush, the nation's debt limit was raised 7 times during his time in office (Bush was President from January 20th, 2001 to January 20th, 2009).

Here are the increases that were signed into law during his time as President of the United States:

P.L. 107-199
June 28th, 2002
New Limit:$6.4 trillion
Increase in Limit:$450 billion

P.L. 108-24
May 27th, 2003
New Limit:$7.384 trillion
Increase in Limit:$984 billion

P.L. 108-415
November 19th, 2004
New Limit:$8.184 trillion
Increase in Limit:$800 billion

P.L. 109-182
March 20th, 2006
New Limit:$8.965 trillion
Increase in Limit:$781 billion

P.L. 110-91
September 29th, 2007
New Limit:$9.815 trillion
Increase in Limit:$850 billion

P.L. 110-289
July 30th, 2008
New Limit:$10.615 trillion
Increase in Limit:$800 billion

P.L. 110-343
October 3rd, 2008
New Limit:$11.315 trillion
Increase in Limit:$700 billion

--

In case you were wondering, the nation's debt ceiling has been raised three times (with a fourth coming soon) under President Obama. Im sure the GOP teabaggers will say. "Look ! There he goes again!! Raising the debt again"!! LOL!

Source: FAS.org - The Debt Limit: History and Recent Increases ( pdf )
Jose Menendez

Newark, NJ

#34510 Sep 3, 2012
Mutt vs Mitt wrote:
How many times was the debt ceiling raised while George W. Bush occupied the White House?
To start, it's important to realize that both Republican and Democratic presidents have signed off on raising the nation's debt limit. Congress has enacted "74 separate measures that have altered the limit on federal debt" since March of 1962.
As the nation's debt load has surged from $1 trillion to $10 trillion to its current level of $15.3 trillion, the debt ceiling limit has also been raised accordingly.
In terms of George W. Bush, the nation's debt limit was raised 7 times during his time in office (Bush was President from January 20th, 2001 to January 20th, 2009).
Here are the increases that were signed into law during his time as President of the United States:
P.L. 107-199
June 28th, 2002
New Limit:$6.4 trillion
Increase in Limit:$450 billion
P.L. 108-24
May 27th, 2003
New Limit:$7.384 trillion
Increase in Limit:$984 billion
P.L. 108-415
November 19th, 2004
New Limit:$8.184 trillion
Increase in Limit:$800 billion
P.L. 109-182
March 20th, 2006
New Limit:$8.965 trillion
Increase in Limit:$781 billion
P.L. 110-91
September 29th, 2007
New Limit:$9.815 trillion
Increase in Limit:$850 billion
P.L. 110-289
July 30th, 2008
New Limit:$10.615 trillion
Increase in Limit:$800 billion
P.L. 110-343
October 3rd, 2008
New Limit:$11.315 trillion
Increase in Limit:$700 billion
--
In case you were wondering, the nation's debt ceiling has been raised three times (with a fourth coming soon) under President Obama. Im sure the GOP teabaggers will say. "Look ! There he goes again!! Raising the debt again"!! LOL!
Source: FAS.org - The Debt Limit: History and Recent Increases ( pdf )
Mutt vs Mitt

Remember who you're dealing with here, a few people whose neurons, synapses, dendrites, etc are mis-firing all over the place. Its the Fox News, Rush Limbaugh, faux logic...syndrome.
Employing the Garbage in - garbage out method of spreading their extreme ideology...
These statistics mean nothing to them unless they can distort them in some fasion to suit their owns needs.
Dave Rogers

Clearfield, PA

#34511 Sep 3, 2012
Jose Menendez wrote:
<quoted text>OOOOOOOOOOOOOOHHHHH BABY!
New Elon poll shows Romney, McCrory leading in presidential, gubernatorial races

ELON, NC (WECT)– A poll released Monday morning by Elon University shows Mitt Romney has a slight edge over President Obama in the Tar Heel state.

Pollsters called more than 1,200 random registered voters to ask them several questions, including who they would vote for president and who they would choose as governor.

47 percent said they would vote for Mitt Romney if the election were held tomorrow. That compares to 43 percent who said they would vote for Barack Obama. The poll has a 3 percent margin of error.

40 percent of people who identify themselves as independents said they would vote for Romney compared to 34 percent who would vote for Obama.

Republicans also had an edge in the survey when it comes to choice of governor. 52 percent said if the election were held today, they would vote for Pat McCrory and 37 percent said they would vote for Walter Dalton.
TaxNoMore

Los Angeles, CA

#34512 Sep 3, 2012
Dan the Man
Arendtsville, PA

sez

Key portion for the wingnuts who can't comprehend multiple paragraphs...

Suppose your house is on fire and the firefighters race to the scene. They set up their hoses and start spraying water on the blaze as quickly as possible.

After the fire is put out, the courageous news reporter on the scene asks the chief firefighter, "is the house in better shape than when you got here?"

..........

uuuuuummmmmmmmmmmmmmmmmmmmmmmm mm

did firefighters spray the water on the pha-king house for four years?

help me , help me ,understand

Dan the Man
TaxNoMore

Los Angeles, CA

#34513 Sep 3, 2012
Dan the Man
Arendtsville, PA

sez

Key portion for the wingnuts who can't comprehend multiple paragraphs...

Suppose your house is on fire and the firefighters race to the scene. They set up their hoses and start spraying water on the blaze as quickly as possible.

After the fire is put out, the courageous news reporter on the scene asks the chief firefighter, "is the house in better shape than when you got here?"

..........

two of the four years a supermajority

the firefighters had a supermajority

the chief firefighter......failed

blame bush!!!!!!!!!!

two of the four years a supermajority

When facts are shown that cannot be disputed you do not reply, disappear, switch topics or you resort to name-calling.

Dan the Man Carlisle, PA, you are a cowardly piece of COMMUNIST shit!

Just like your COMMUNIST black messiah!

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