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Biden has changed my vote!

  1. habee profile image96
    habeeposted 5 years ago

    Joe revealed that Romney is supporting a $500 trillion tax cut - 500 trillion bucks. No way THAT math will work! I can't vote for Romney now. Thanks for opening my eyes, Joe!

    http://www.youtube.com/watch?v=aMKuQ1NVvsg

    1. GA Anderson profile image83
      GA Andersonposted 5 years agoin reply to this

      Good ole' Joe. I think they call that a Freudian slip.

      GA

    2. AMFredenburg profile image82
      AMFredenburgposted 5 years agoin reply to this

      That's probably a mistake in terms of the figure (is there that much money in the world?), but I'm on Joe's side anyway; the fact that Romney as head and major shareholder of Bain Capital managed to put millions of dollars of people's pension funds in his own pocket and still managed to sleep at night is enough for me.

      1. Waldo Numbly profile image59
        Waldo Numblyposted 5 years agoin reply to this

        Bain was a "turn-around" company, called in when companies were failing.  That usually calls for lay-offs to save the company, for example, better to lose 200 jobs than lose 500.   I don't recall any evidence that pensions were denied the workers.  Perhaps you could enlighten me.  Thanks.

        1. Ralph Deeds profile image64
          Ralph Deedsposted 5 years agoin reply to this

          I heard a credible source today or yesterday say that 20+% of the companies under Romney's leadership were liquidated as he would have done to GM, Chrysler and possibly Ford as well.

          1. BloodRedPen profile image68
            BloodRedPenposted 5 years agoin reply to this

            Now Now !!!! Reality is - Ford never ask the government for help.

            1. Ralph Deeds profile image64
              Ralph Deedsposted 5 years agoin reply to this

              Ford could easily have gone under along with GM and Chrysler because of common, inter-related suppler relationships that would have been disrupted. Also, Ford benefited from the wage and benefit give backs from the UAW and others after they were negotiated by GM and Chrysler, thanks to the Obama bailout.

              1. Hmrjmr1 profile image83
                Hmrjmr1posted 5 years agoin reply to this

                I think you have your timing wrong there Ralph. Ford was ahead of the game The CEO had negotiated the companies Debt long term and renegotiated the UAW contracts before the recession hit. The UAW givebacks in GM and Chrysler were modeled on what Ford had already done. Romney wanted GM and Chrysler to go through the same managed process that Alan Mullaly had managed to do (without going to Bankruptcy) via the Bankruptcy courts with certain Gov guarantees (warranties etc)  which is essentially what they did after the first bailouts failed. Seems we could have skipped a Couple Billion dollar step there and done it right the first time.

                1. Ralph Deeds profile image64
                  Ralph Deedsposted 5 years agoin reply to this

                  I don't have my timing wrong.  GM settled first on September 17, 2011, Ford second on October 4 and Chrysler on October 12 .
                  http://topics.cnn.com/topics/united_auto_workers

                  You are correct that Ford had wisely obtained a large ($24 billion) credit line before the financial meltdown. However, it also requested but did not receive additional funds from the government.

                  "Ford's Bailout Proposal
                  Ford requested a $9 billion line-of-credit from the government, and a $5 billion loan from the Energy Department. Ford pledged to accelerate development of both hybrid and battery-powered vehicles, retool plants to increase production of smaller cars, close dealerships, and sell Volvo. Ford is in better shape than GM or Chrysler because it had already mortgaged its assets in 2006 to raise $24.5 billion. Although Ford didn't need, and didn't receive any funds, it also didn't want its competition to get the upper hand thanks to the government bailout."

                  http://useconomy.about.com/od/criticals … ailout.htm

                  However, as I pointed out above, Ford would have been severely damaged if GM and Chrysler went into liquidation because of common supplier relationships. 

                  Negotiations with Ford, GM and Chrysler were conducted pretty much simultaneously by the UAW. Here are reports of the settlements with each of the companies (GM settled first on September 17, 2011, Ford on October 4-2011, and Chrysler, October 12, 2011,  Ford would have been unlikely to obtain all of the concessions in the absence of the pressure on GM and Chrysler from the Obama administration.

                  http://money.cnn.com/2011/10/04/news/co … /index.htm

                  1. Hmrjmr1 profile image83
                    Hmrjmr1posted 5 years agoin reply to this

                    You keep saying liquidation but that is not what Romney recommended, there is a significant difference between a managed bankruptcy and a liquidation. I also remember clearly that Alan Mullaly in testimony before Congress said Ford did not need a bailout.

                    Hey Habee been here, there, and everywhere. The Hatch act has me cooling my heels more or less. Couldn't help pushing a Ralph Deeds button. Sometimes just gotta do it! LOL and Hey
                    Ralph great to see you're still in good form. God Bless ya.

                2. habee profile image96
                  habeeposted 5 years agoin reply to this

                  Hammer, where ya been?? Great to see you again!

        2. AMFredenburg profile image82
          AMFredenburgposted 5 years agoin reply to this

          Some quick info on Bain Capital and pension funds, which shows some pension funds covered by government insurance and others not covered and therefore lost:

          http://www.dailykos.com/story/2012/07/2 … -with-Bill

          More info about Bain's leveraged buyouts, this from Bloomberg.com, not exactly a hotbed of liberalism:

          http://www.bloomberg.com/news/2012-07-1 … osses.html

          The fact that Romney refers to "harvesting assets" shows his real thought process: not looking to save companies or jobs at all, but availing himself and his investors of assets, however that has to be done.
          BTW, pension funds represent money already earned by workers through their labor, and shouldn't rightly be considered company assets.

          1. Ralph Deeds profile image64
            Ralph Deedsposted 5 years agoin reply to this

            All very true. Romney is an absolutely ruthless character.

            1. profile image66
              logic,commonsenseposted 5 years agoin reply to this

              and obama is a vicious empty suit.

    3. tammybarnette profile image61
      tammybarnetteposted 5 years agoin reply to this

      Habee, OH no, he has Romnesia...thank God, Obama care covers that :p

    4. Chams1956 profile image60
      Chams1956posted 5 years agoin reply to this

      Habee,

      I invite you to go take a look at Joe's verbal track record and consider it carefully.
      He either talks like there is a pull string in his back or talks like he has no brain. Did you hear what he asked the father of the fallen Marine at Bengazi?

    5. Chams1956 profile image60
      Chams1956posted 5 years agoin reply to this

      Oh....never mind!  big_smile

    6. Chams1956 profile image60
      Chams1956posted 5 years agoin reply to this

      Joe Biden is the gift that keeps on giving in terms of gaffes.

  2. Rochelle Frank profile image96
    Rochelle Frankposted 5 years ago

    I think Obama helped him with his math homework.

    1. habee profile image96
      habeeposted 5 years agoin reply to this

      lol

      1. Ralph Deeds profile image64
        Ralph Deedsposted 5 years agoin reply to this

        The point Biden was making is valid even if the figure wasn't.

  3. movingout profile image61
    movingoutposted 5 years ago

    Almost right, Romney helped him with the math! lmao...Heard that number from Romney so many times apparently Biden got tripped up! The real concern are the Republicans who believe it! LMAO

    1. Rochelle Frank profile image96
      Rochelle Frankposted 5 years agoin reply to this

      Well, Obama admitted on some talk show that he had trouble with helping his daughter with math, now that she was in Jr. High school.

      1. Mighty Mom profile image85
        Mighty Momposted 5 years agoin reply to this

        I can relate to that!

        lol

        1. habee profile image96
          habeeposted 5 years agoin reply to this

          Actually, I can, too. As Barbie said, "Math is hard." lol

  4. BloodRedPen profile image68
    BloodRedPenposted 5 years ago

    Joe was in Ohio Thursday - He opened his speech with -  (We feel your pain here in Iowa) -  Smart Smart Guy smile

    1. AMFredenburg profile image82
      AMFredenburgposted 5 years agoin reply to this

      Tired, tired guy. The guy's pushing 70 and going full bore.

  5. Mighty Mom profile image85
    Mighty Momposted 5 years ago

    When I saw this thread in my email inbox I didn't know what to expect.
    Having just seen Joe's powerful eulogy of McGovern I thought maybe you meant that.

  6. Chams1956 profile image60
    Chams1956posted 5 years ago

    It strikes me that anyone can be approved as a GOP candidate as long as they have never ever ever ever made any money at all int heir lives.

    You know....like Warren Buffet.

  7. Uninvited Writer profile image82
    Uninvited Writerposted 5 years ago

    Is someone using a new account to get around a forum ban?

    1. Chams1956 profile image60
      Chams1956posted 5 years agoin reply to this

      I am not banned.

  8. brakel2 profile image83
    brakel2posted 5 years ago

    Voting is a tossup between two bad choices. Obama scares me more then Romney. The indebtedness is truly horrendous. A senator from my state was on the committee to cure it, but it did not work out. Whoever wins has a job I wouldn't want. May the best man win!!!!

    1. AMFredenburg profile image82
      AMFredenburgposted 5 years agoin reply to this

      A lot of this indebtedness doesn't represent increased spending on Obama's part, but the fact that he added all the money we owe from the wars in Iraq and Afghanistan to the list; the Bush administration didn't count that as part of the debt, but hid it. It's not an upswing in debt, but a more accurate account of what we already owed.

      The bank bailout has been paid back, with interest.

      1. Chams1956 profile image60
        Chams1956posted 5 years agoin reply to this

        Nope. Don't buy that for a second.

    2. Waldo Numbly profile image59
      Waldo Numblyposted 5 years agoin reply to this

      I just feel better with Romney at the helm.   I've watched Obama campaign for 4 years straight, he is too much into Obama.  Obama sees America as an evil place where the citizens need protection, hence big government.  Romney believes, as I do, in American Exceptionalism.

 
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