In what ways is Mitt Romney worse than George W. Bush?
I'll start off the discussion with a few observations: 1. He actually profits from shipping jobs to China. 2. No one in his family ever served in the armed forces and he's doesn't even appear to care about veterans. I could go one but I don't want to take all of the good ones.
This stuff about shipping jobs to China is simply nonsense. FIrst of all private equity firms like Bain are vital to the US economy. They have saved countless companies that would otherwise have gone under. They have raised the capital to finance 1000's of start up companies. In Bain's case, Staples, Sports Authority (which I shop at all the time) are just a few of the bigger more well known names. The entities couldn't exist if not for private equity.
In terms of China, and these manufacturing jobs. Consider this, the average worker in the manufacturing industry in China makes about 5-10% of the wages of a US worker. If those jobs were here in the US, the cost of labor increase would mean the computer you're typing on that you spent about $500-$1000 on brand new would now be well more than double in price. You can translate that into nearly everything you buy. So since the cost of living would easily double interms of consumption. That is the same thing as a 50% pay cut. The math is not precise, but the principal is easy to understand. On the contrary, wages with new jobs would not begin to keep up with the increased labor cost. The increase in employment for a few people would not nearly offset the economic impact of inflation to everyone.
What most Americans need to grasp is we are a far more developed marketplace. Those jobs are not likely to come back to the US EVER. Nor should we want an economy based on these types of jobs. We need to focus more on higher skilled labor. That is not what China is taking.
The reality is that we have an enormous number of job openings in which US companies actually import foreginers to come work here in the US because US workers are unqualfiied. Companies like microsoft import software engineers every year. Additionally there are a great deal of foreign companies creating employment in the US for US Workers. Anyone seen a Japanese or Korean car on the road. They are made by US workers in US plants with often US parts all across Detroit south. Anyone in the northeast see a TD Bank branch anywhere. It's a Canadian Bank employing US workers.
We live in a global economy, and free trade of both products and resources is a good thing. We simply need to get nations like China to play by the same rules. Right now they do not in terms of patents and inellectual property. And neither Bush or Obama has attempted to address this at all. Thankfully Gov Romney has at least addressed the problem.
I don't want a president who made a fortune "harvesting" the profits out of companies and shipping the jobs to China. In Romney's own words he describes what Bain did:
Bain Capital is an investment partnership which was formed to invest in startup c
You mean the profits that fund pensions for teachers, federal workers, local municipalities. You understanding of private equity is limited. China ships jobs here as well. Who do you think we sell our crops to.
The biggest joke of all is how the government bailed out Bain Capital. These conservatives who like to go around saying half of America are takers : http://www.rollingstone.com/politics/ne … y-20120829
The author of this article knows nothing about how the capital stucture of investing works. He did exactly what he should have done. If not the FDIC would have lost even more money. Not to mention they pay for the FDIC to exist.
Sorry I can't trust the views of someone who makes a profit when his clients win or lose. I'm sure you love Romney since he is a fellow salesman.
I am not a salesman, I work in the wealth management business. And it's illegal in the investment business to only profit when clients profit. It's considering sharing in the ownership of a clients account and prohibited by the SEC.
Whatever, bottom line is profits or "wealth" the the goal despite what it means to people. Like Romney, the goal is to make money. The goal of the office of president is to look out for all American's not a select group of investors.
The goal is profit, often through creative destruction. If we applied such ideals as you speak of, the automobile was a bad idea because it cost the horse an buggy business jobs. You fail to see the net effect. Results don't happen in a vacuum
In your mind large corporations like Staples and Sports Authority who bring in cheap goods from China with their huge buying power is great - but this is what killed Mom and Pop small businesses in down towns across the country.
Staples employees over 50k full time people and paid over 475 million in US taxes to the treasury. Not to mention all the tax revenue paid by the employees. A lot more than mom and pop ever produced.
I was no fan of Bush but at least you knew where he stood on something; you might disagree with him but you knew his position. I have seen so many comments from Romney that are polar opposites of each other on issues I don't feel confident that I really know what his position is anymore.
3. Just as Bush ran on the economy and had no foreign policy experience (which lead to influence from war hawks and got us bogged down in endless wars) - Romney is basically the same - focused solely on the economy while leaving foreign policy to 17 out of the same 24 advisers Bush had.
But I don't think Bush changed his mind as often.
4. Barbara would never have referred the common people as "Those people"
5. Bush debated Kerry. Romney debates himself:
Mitt Romney, 10/3/12: I will not reduce the taxes paid by high income Americans.
Mitt Romney, 2/22/12: There were so many misrepresentations in there it's going to take me a little while. Number one, I said today that we're going to cut taxes on everyone across the country by twenty percent—including the top one percent.
Mitt Romney, 10/3/12: The key to great schools? Great teachers. So I reject the idea that I don't believe in great teachers or more teachers.
Mitt Romney, 6/8/12: He says we need more firemen, more policemen, more teachers. Did he not get the message of Wisconsin? The American people did. It's time for us to cut back on government.
Mitt Romney, 10/3/12: Actually, it's a lengthy description, but number one, pre-existing conditions are covered under my plan.
Mitt Romney, 3/27/12: If they're 45 years old and they show up and they say I want insurance because I've got heart disease, it's like: "Hey guys, we can't play the game like that." You've got to get insurance when you're well, and then if you get ill, then you're going to be covered.
Romney wants to provide to the very rich are multiples of the Bush tax cuts. The cuts in services and in programs for the poor are much more onerous than anything that Bush ever, ever contemplated - Robert Reich
There is no conflict in these statements, for ex...he supports a pre-existing condition mandate up to a certain age. At which point such a mandate can only put private insurance out of business. You're taking these comments out of context
Romney said that people can go to the emergency room if they have a medical emergency. Amazingly dumb statement as emergency rooms are the most expensive form of healthcare.
He was referring to the irroneous notion that people are denied treatment, which is illegal in the US. Not that he felt it was the first line of defense in a health care plan.
President Obama, Romney, Former President Bush are ALL OWN BY WALL STREET BANKSTER and doing what they want. Former President Clinton did the most damage by repealing The Glass Steagall Act which allow Bush and Obama along with Wall Street to keep robbing the U S people blind but shame on the people for so many educated people not to know how the repeal act is robbing them. is a major money grab and the people just can't see that.
both bush and romney are karl rove puppets, two peas in a pod. romney is more dishonest. well, he's totally dishonest. but it barely matters with cut-throat karl in charge. rove puts his opponents in prison, maybe even has them killed, and steals elections. there was proven fraud in ohio that cinched the 2004 election for bush. rove is for anything goes to get a permanent republican control of everything. always for the big money guys. screw joe average. rove only cares about abortion as a tool to scoop up votes. oh, by the way, romney profitted from his investment in a company that disposes of aborted fetuses. so he doesn't mind making money from abortions.
by Xenonlit 8 years ago
He is clearly a pathological and habitual liar. He has poor control over his explosive temper. He giggles when confronted about disturbing behavior he has done in the past. Who is stupid enough to vote for a man who has poor self control, an explosive temper, and is unable to tell the truth....
by daskittlez69 9 years ago
If George W Bush could run for office again, would you vote for him?
by Ralph Deeds 8 years ago
Robert Shrum in the Daily Beast:"The campaign has come down to a race between Mitt’s media and Mitt’s mistakes—and the mistakes are winning..."In a last-ditch attempt to crack Ohio and Michigan, Romney has now resorted to advertising an outright lie—that Chrysler’s Jeep division will soon...
by mio cid 4 years ago
The man is truly embarrassing,he is incapable of answering a single question on any topic because of the fear of the extreme right which makes him give nonsensical answers and look like a mumbling fool when asked even the simplest of questions.
by Bill Russo 9 years ago
Who is the best choice for the next U.S. President. Oprah, Trump, Mitt Romney, Hillary? Who then?This question presupposes that Barry O'bama will not be re-elected. But I believe he will be unless the opposition comes up with a blockbuster candidate like Oprah. Or maybe George...
by Ralph Deeds 8 years ago
Bain is still sending jobs to China and stuffing money in Mitt Romney's pockets. The latest victim of Bain's vampire capitalism are the workers in Sensata Technologies in Freeport, Illinois. Sensata was profitable in Freeport but not profitable enough to satisfy Bain investors. Bain rubbed salt in...
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