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Karl at the Market Ticket pretty much hits the nail on the head in regards to Romney.
I sure would like to know when we are going to get Pro American Capitalists back in the White house instead of the continuous string of financial terrorists and scum that love China and Mexico better than they do America.
David Stockman, budget director under Ronald Reagan, has an outstanding article in Newsweek. He takes an ax to the Republican’s idea that Mitt Romney is some sort of ideal example of a capitalist. The article is well worth taking time to read in its entirety.
Ironically, right now, most ‘conservative’ media outlets won’t print anything Stockman is saying, when up until about 4 years ago, he was their darling. Stockman is someone who understands that economics is NOT politics. So, he is equal parts hated by those currently in power, and loved by those who are trying to get into power and vice-versa.
This is how those in government attempt to manipulate economics to suit their policies. This is why SO MANY people get it all wrong when it comes to understanding economics and more importantly, how they get it wrong when it comes to solutions to our economic problems.
Unfortunately, our economic problems are ENORMOUS, therefore, failing to grasp basic economic principles due to the obfuscation wrought by partisan politics is nothing short of devastating. The Republican enthusiasm about Mitt Romney is but one glaring example of politicization of economics.
A HUGE TRUTH in David Stockman’s article is this: One who takes advantage of government intervention (think of Solyndra, GM, carbon trading, i.e. government-lobbied largesse), is NOT a capitalist.
“Bain’s billions of profits were not rewards for capitalist creation; they were mainly windfalls collected from gambling in markets that were rigged to rise.”
Quote:
Besides the erroneous label of Mitt Romney as some bastion of free market Capitalism, another misconception is that ANY politicians can ‘create jobs.’ The PRIVATE SECTOR creates jobs. The only hand government has in this process is whether or not they intervene and pick and choose winners and losers. Just this week, yet another recipient of government (taxpayer) money went bankrupt.
Electric-car battery maker A123 Systems files for Chapter 11 after years of losses.
The Michigan plants, in the Detroit suburbs of Livonia and Romulus, were paid for with the help of a $249 million government grant from stimulus funds in 2009. The company also got a $6 million research grant in 2007 under the Bush administration.
We keep hearing this over and over and over again (with little to no help from the government-controlled media). Republicans blame it on Democrats and Democrats blame it on Republicans. The truth is that BOTH Parties have their preferred ‘special pet industries.’ It’s not that one Party doesn’t do it and the other does, in truth, nothing changes about government handouts except the names of the recipients. Regardless, the recipients have absolutely no incentive to use sound business practice, which would include prudent risk assessment and viable technology, because they have an embedded profit and a taxpayer safety net. The business owners get paid no matter what the outcome because YOU are forced to pay them because the government makes you. This is not job creation, it’s money wasting and catering to special groups of people for self-enrichment!
Those that would vote for Romney do not believe in Personal Responsibility, Capitalism and most importantly America.
Still, liberals might want to be wary of embracing Stockman too fully, even if he does advocate raising taxes, cutting defense spending, and attacking the Ryan plan. He also advocates jacking up interest rates and ending quantitative easing (i.e., the only form of stimulus available to the government as long as Congress is deadlocked). He has said, "I invest in anything that [Federal Reserve Chair Ben] Bernanke can't destroy, including gold, canned beans, bottled water and flashlight batteries."
so a guy that was marginalized and forced out by Reagan for being dead wrong on economic strategy, and hates the federal reserve and everything it stands for, does not think Romney is conservative enough?
That is who you are going to use to trash Romney, a guy who believes the exact opposite of Obama? If anything this should make moderates more happy, as they can see the guy is not far enough right for some.
You have to wonder why Americans interested in jobs amnd our economy would remotely like Flip since he has shipped off thousands of jobs or simply eliminated companies and therir jobs in order to profit. Greed before people is certainly his mottoo.
I was taken back when in the 2'nd debate he tried to calaim elimination of interest and dividend taxes is a benefit for the middle class.... All the middle class folks does this save you anything?
Since his $24,000,000 income comes from interest and dividends. of which he pays 13-14% taxes on, it would seem his tax rate would go to zero.... Which would be the likely means for most of the wealthy... I bet they get their companies to pay in dividends vs anything else.
Would that not eliminate 100's of billions in taxes? so the countries revenue would plummet, while expenses would soar. Sounds like deficits like never before to me.
Also sounds like the middle will get stuck with the bill when the rich make hundreds of billions.
He is quite the pied piper... playing his tune of bull$hit.
He is a vulture. He does not build anything nor produce anything. He is just a scavenger of the dead. That is why they call them vulture capitalist. This was not a term invented by marxist.
so a guy that was marginalized and forced out by Reagan for being dead wrong on economic strategy, and hates the federal reserve and everything it stands for, does not think Romney is conservative enough?
That is who you are going to use to trash Romney, a guy who believes the exact opposite of Obama? If anything this should make moderates more happy, as they can see the guy is not far enough right for some.
I am no fan of Obama nor Romney because neither of them are capitalists.
When you look at the correlation on who their donors are and how well their donors do there after,
it is no secret that these criminal enterprises like Goldman Sachs, GE, JP Morgan etc are donating money to get something in return and not doing it to be kind.
That is not capitalism and we need to be liberated from these criminal scum from infesting our government like the cockroaches they are!
Those that would vote for Obama do not believe in Personal Responsibility, Capitalism and most importantly America.
Romney and Obama represent the status quo and establishment, which is anti American and against our freedoms, and a win for either one of these maggots is a loose for the country.
Notice how none of them in their scripted debates address the loss of freedoms in this country are the aggressive offensive wars, are the constant corruption involved in crony capitalism?
Neither of these maggots have any intention of changing that.
They and the last few presidents are the enemy of the American People.
My problem with Romney is this. Cancelling every tax deduction, all of them equals 2 trillion over 10 years. Cutting taxes for everyone costs about 5 trillion over 10 years. And increasing the military spending to 4% of GDP costs about 2 trillion.
So 7+2-2= 5 trillion more added to the deficit. CBO says obamacare cuts the deficit, so repealing that increases the debt.
That's my problem with Romney, where is the extra 5 trillion coming from? Voodoo economics didn't work under Reagan, won't work now.
We need a serious president who is serious about the deficit.
I haven't seen him or her in either debate so far.
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