Conservatives generally hate the truth about how the economy or their crony version of capitalism works, especially when the story is told by blue collar workers who conservatives claim are their base, Steel
It is a good video both as a campaign tool, but it is moving as a tale of the toll conservative economic policies have wrecked on our economy and culture. So of course Republicans and the Romney campaign are pissed. If Romney and his surrogates want to call the guys in that video liars, good luck with that as a campaign tactic. As luck would have it one of the advisors who helped the Obama administration with the managed bankruptcy and reorganization of GM and Chrysler that we all call a bail-out, has stepped forward to say the video is not fair. The Romney campaign has seized on this as proof the video is somehow less truthful – Former Obama Adviser Criticizes Bain Attack Ad
Rattner disagreed with the ad, but he didn’t exactly back up Romney’s claim that what he did at Bain Capital was create jobs. Instead, Rattner took the position that the purpose of private equity is not to create jobs. Rattner is no stranger to finance. Before being brought on by the Obama administration to oversee the auto bailout, Rattner worked for years as an investment banker before co-founding Quadrangle Group, a media-focused private-equity firm.
“I think the ad is unfair,” Rattner said. “Look, Mitt Romney made a mistake ever talking about the fact that he created 100,000 jobs. Bain Capital responsibility was not to create 100,000 jobs or some other number. It was to create profits for its investors, most of whom were pension funds and endowments and foundations.
So Romney surrogates are thus claiming vindication for one part – that the ad is unfair, yet ignoring the part where Mr. Rattner says that Romney’s job creation claims are, have been and will always be bunk. Rattner is an insider who has been involved with leveraged buyouts ( what one of the steel workers called acting like a vampire that sucked the life out of the steel company and community) himself. So of course he is not going to say that a bunch of wealthy assclowns who buy companies, make sure the deals are structured so they make a profit regardless of what actually happens to the company, is a bad thing. That is just not human nature. The Romney campaign should also be shuddering at bringing up the subject of pensions. One of the things, a side benefit of Bain’s glorious milestones in the annals of achieving what Romney calls “success” is that Bain raped the pension fund of one company,
Reuters has a firsthand example of this. Today’s special report chronicles the story of GS Technologies in Kansas City, Missouri, a steel mill that had been in business since 1888—and for decades was a major local employer. The mill work was hard, but the wages were fair, and the mill lifted “countless families into the middle class,” allowing them to buy homes, cars, and college educations.
That is, until Bain showed up.
“Less than a decade later, the mill was padlocked and some 750 people lost their jobs. Workers were denied the severance pay and health insurance they’d been promised, and their pension benefits were cut by as much as $400 a month. What’s more, a federal government insurance agency had to pony up $44 million to bail out the company’s underfunded pension plan. Nevertheless, Bain profited on the deal, receiving $12 million on its $8 million initial investment and at least $4.5 million in consulting fees.”
That’s right. The man who denounced President Bush’s bank bailouts in 2008 and President Obama’s successful rescue of the auto industry relied on a federal bailout to profit off a bankrupt company.
How do conservatives define capitalism? Pay no attention to their moving lips, read the numbers and wonder at the deep moral corruption. They destroyed jobs, they bankrupted the pension fund, they profited from government guarantees and they made money on a deal that should have lost money if they were working by the rules of real capitalism. Romney Spokesperson Strikes Back After Bain Attack Ad Airs
Romney campaign spokesperson Andrea Saul responded indirectly to the Obama campaign’s new attacks on Bain Capital Monday with an email titled “Obama’s warped view of the free market.” In the statement, Saul doesn’t mention Bain, but attacks President Obama’s record, throwing in a mention of Solyndra and the stimulus.
We welcome the Obama campaign’s attempt to pivot back to jobs and a discussion of their failed record. President Obama has many questions to answer as to why his Administration used the stimulus to reward wealthy campaign donors with taxpayer money for bad ideas like Solyndra, but 23 million Americans are still struggling to find jobs. If the Obama Administration was less concerned with pleasing its wealthy donors and more concerned with creating jobs, America would be much better off.
In a separate response to BuzzFeed, the Romney campaign added a line defending Romney’s claim that he has created jobs during his career: ”Mitt Romney helped create more jobs in his private sector experience and more jobs as Governor of Massachusetts than President Obama has for the entire nation.”
Nothing like a lie filled with false outrage to settle the whole matter. Romney has lied about the number of jobs he created as Governor of Massachusetts and has lied about the number of jobs Obama created. Romney has never released a single bit of documentation that explains where and how he created jobs at Bain. He has tried to take credit for jobs created at companies Bain once owned after Romney left Bain. If Romney is the values candidate, they seem to be the values of a serial lying punk in a four thousand dollar suit.
Politico leans Right. Always has. They just run the occasional fact based report to give themselves plausible denibility – President Obama’s Wall Street problem
The giant $2 billion trading loss at JPMorgan Chase highlights a central problem in President Barack Obama’s case for a second term: Four years after the financial crisis nearly brought the nation to its knees, very little appears to have changed.
The election of Scott Brown (R-MS) brought us the decided vote that watered down financial reform that allowed JP to gamble with depositor funds. There is room in the financial reform we did get to make such trades tougher, but Republicans have fought implementation of rules writing and enforcement with every parliamentary tactic they can find.
There have been many legislative attempts to stall, scale back, defund or otherwise prevent the implementation of Title VII. Republicans, namely Senate Majority Leader Mitch McConnell (R-KY), have said that “anything we can do to slow down, deter, or impede” the regulators’ agenda would be “good for our country.” While Republicans will likely continue to fight most of the regulations, many in industry view the rules as inevitable and have encouraged regulators to finalize them as soon as possible to give companies sufficient time to prepare for implementation.
McConnell (R-KY) has hated the USA his entire political career. He wants disparately to end this whole democratic republic charade and make us into a Pottersville run by the financial elite. McConnell has said he does not care if conservative brinkmanship screws up the nation’s credit rating or we have another government shut down, what is important to McConnell and every other Senate Republican is to bring the country to its knees in the cause of the radical conservative agenda,
While a deal has been struck to raise the debt ceiling for now, many progressives have worried that the damaged has been already been done in that Republicans learned that “raw extortion works and carries no political cost,” as the New York Times’ Paul Krugman wrote today. “Irresponsible brinksmanship” is now “a proven effective negotiating tactic,” ThinkProgress’s Matt Yglesias noted.
This afternoon, Senate Majority Leader Mitch McConnell (R-KY) confirmed this fear when he told Fox News’ Neil Cavuto that Republicans will hold the debt ceiling hostage in the future, saying this debate “set the template for the future”
And when the corrupt and America hating McConnell runs for reelection the he will run on an the same radical platform and likely win.
When Republican presidential candidate Mitt Romney announced a $50,000 yearly fundraiser at the Star Island home of pharmaceutical kingpin Phil Frost, it didn’t take long for the liberal Think Progress website to note the glaring irony: Frost’s company makes the very type of contraception that Romney falsely bashed as an “abortive” pill.
Now, the conservative Daily Caller is reporting that abortion opponents aren’t too pleased with the fundraiser:
Penny Nance, president and CEO of Concerned Women for America, told The DC that she believe that once the campaign realizes the connection they will not go through with the fundraiser.
“I would be shocked if, after they are aware of the fact that this guy is the chairman of Teva Pharmaceuticals, that they go forward with this fundraiser,” Nance said.. Nance further said that she would strongly urge the campaign to cancel the event “because it is dirty money,” adding that she will be “sorely disappointed” and “question if Gov. Romney has a clear understanding of what it means to be pro-life” if they go through with it.
Romney’s campaign response? Silence.
The pro-government control of women’s bodies groups ( which the librul media calls right to life for some reason) have known about the connections between establishment conservatives and drug companies that make contraceptives for years. When push comes to shove the big money from pharma always wins. Big pharma is splitting its contributions between Obama and Romney with Obama leading slightly. Of the top five recipients of big drug company campaign contributions, four are conservatives. Orrin Hatch (R-UT) and Scott Brown (R-MS) are among those top five. Pfizer is the single biggest drug company contributors and they make contraceptives, leaning slightly more towards conservatives. The conservative base have gotten pretty good at rationalizing these facts over the course of the last fifty years or simply pretend they do not know that much of the big money in conservative politics is there to make sure that contraceptives remain a highly profitable business.
In the spring of 1803, Meriwether Lewis began to purchase scientific and mathematical instruments for a pending expedition into the northwestern region of North America. Among the items he purchased from Philadelphia instrument maker Thomas Whitney were three pocket compasses for $2.50 each, and this silver-plated pocket compass for $5. It has a mahogany box, a silver-plated brass rim that is graduated to degrees and numbered in quadrants from north and south, a paper dial, two small brass sight vanes, and a leather carrying case. Whether Lewis purchased the silver compass for himself or intended it as a special gesture for William Clark is not known.
For such a long and rugged journey four compasses seems like a fair precaution to take against damage or loss.