08-21-2012, 10:04 PM | #166 |
Franklin Pierce
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Dammit. I was going to post.
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08-21-2012, 10:16 PM | #167 |
Doctor Wtf
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Brilliant.
Yet very depressing.
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Shut up and hug. MoreThanPretty, Nov 5, 2008. Just because I'm nominally polite, does not make me a pussy. Sundae Girl. |
08-22-2012, 07:35 AM | #168 |
Person who doesn't update the user title
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Meh. Conserves SAY that the 'other side' is doing exactly what they're doing but I don't quite see it.
Asking for tax returns to be released is certainly more understandable than saying a birth certificate is faked. Pubs have the corner on evil. |
08-22-2012, 07:48 AM | #169 | |
Franklin Pierce
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This is the main reason why I will vote for Obama this year. I've heard all the bullshit how the "upper class creates jobs" even though, as pointed out on this site, it is actually largely from the demand created by the middle class. Then, Romney and Paul want to cut taxes for the rich (you know....because Regan said so) and the middle-class (you know....the people that are struggling) have to to pay the bill.
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Here is the link to the actual report: http://www.taxpolicycenter.org/Uploa...Tax-Reform.pdf
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08-22-2012, 07:55 AM | #170 | |
We have to go back, Kate!
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Funny how he has discovered the importance of creating jobs in America since he started running for President. Maybe If he and his ilk had taken that stance earlier instead of outsourcing as much as they could to low wage earners in developing economies, their country wouldn't be suffering the way that it is.
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08-22-2012, 08:27 AM | #171 | |
Franklin Pierce
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Quote:
Right now we are living an increasing competitive globalized world and many of the jobs that were available 20 years ago are disappearing because of the competitiveness. To put it in wording that favors Bain, Bain capital took failing companies, reworked them, and (sometimes) made them successful again. When they "reworked them", they usually cut higher paying jobs and replaced them with minimum wage jobs or outsourcing. While it is obviously bad for the middle class, I see that "reworking" as more reactionary to the current global economic climate then anything else. If this reworking didn't happen, there is a good chance the companies would fail and the jobs would have been lost anyways. However, I don't see any of this as reasons why Romney should be president.
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08-22-2012, 09:15 AM | #172 | |
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Remember when "values" were the issue of the Republican Party.
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08-22-2012, 09:31 AM | #173 | |
Goon Squad Leader
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I saw your caveat "language favorable to Bain". But. I don't believe it's realistic to hang the heavy label "failing" on the companies that Bain worked over/with. I would say "vulnerable to takeover and possible dismantling" or "more valuable as parts than as a whole". I know this negates your opening caveat, but I feel it is fairer. Bain was never in the business of "saving" (to counterbalance your tag of "failing") any business. They were in the business of making money. Buy low, sell high, sweat equity into a fixer upper, flip this house/company--that was their game. Not rescuing failing companies.
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08-22-2012, 10:08 AM | #174 |
Franklin Pierce
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I agree with you. I do not think companies like Bain Capital should be revered, but I believe there is a market for Bain largely because of the effects of globalization. I doubt anyone can generalize the reasons why other companies went to Bain to help, however, outsourcing and "rearranging" was probably going to happen no matter what in many of those companies. Bain can be looked at, in certain situations, as making that transition easier for those companies at a profit. On the other hand, Bain can be looked at as pushing outsourcing and minimum wage jobs further than they needed. That is more of a capitalism argument though.
I don't like Bain and what they do but I think that other perspective is important as well. It needs to be recognized that Bain is largely reactionary.
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08-22-2012, 10:18 AM | #175 |
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Knock knock.
Who's there? Bain. Bain who? Bain the bathtub, I'm browning. |
08-22-2012, 10:20 AM | #176 |
Goon Squad Leader
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What do you think it is a reaction to?
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08-22-2012, 10:32 AM | #177 |
maskless: yesterday, today, tomorrow
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"Bain is largely reactionary"
I disagree. Bain (and, vehicles like Bain) is (are) the economic version(s) of a maggot colony, eating away at roadkill. Less the 'reaction' and more a (natural) 'response'.
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08-22-2012, 11:34 AM | #178 |
I think this line's mostly filler.
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One of the problems with a vicious cycle is that all of the segments can claim that they're just reacting to the others.
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08-22-2012, 12:01 PM | #179 |
Wearing her bitch boots
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So...the Republican National Convention will be here, where I live, this year. In a few days, actually.
Coincidentally, there is a tropical storm headed right for us. Isaac We haven't had a "big" one for a very long time and are overdue. Mayor says he will absolutely evacuate, if needed. Should make for a very interesting week!!
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08-22-2012, 12:21 PM | #180 |
still says videotape
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I'd say that is essentially true. The Dems shouldn't allow Bain to be passed off as a venture capital company though. They need a less loaded term for vulture like maybe maggot. A venture capital company risks money supporting new start ups rather than stripping the bones of weak companies, that is, creating jobs not eliminating them.
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adak is teh whack |
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