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Howard Stern pretty much sums up
Posted: Oct 27, 2012
a little bad language, but it should make everyone think about what Mitt would mean for Romerica. http://www.youtube.com/watch?feature=player_detailpage&v=YvvKvI3nr4k
;
Good description, actually, of how Bain operated. - Better is the Matt Taibbi article he refers to. sm
[ In Reply To ..]"Greed and Debt: The True Story of Mitt Romney and Bain Capital: How the GOP presidential candidate and his private equity firm staged an epic wealth grab, destroyed jobs – and stuck others with the bill."
"But what most voters don't know is the WAY Mitt Romney actually made his fortune: by borrowing vast sums of money that OTHER people were FORCED to pay back. This is the plain, stark reality that has somehow eluded America's top political journalists for two consecutive presidential campaigns: Mitt Romney is one of the greatest and most irresponsible debt creators of all time."
Matt Taibbi, one-time winner of the very prestigious National Magazine Award, will never bring THIS style to The New Yorker, :), but he's very readable.
"Like John McCain four years before, Romney desperately needed a vice-presidential pick that would change the game. But where McCain bet on a combustive mix of clueless novelty and suburban sexual tension named Sarah Palin, Romney bet on an idea. He said as much when he unveiled his choice of Ryan, the author of a hair-raising budget-cutting plan best known for its willingness to slash the sacred cows of Medicare and Medicaid. "Paul Ryan has become an intellectual leader of the Republican Party," Romney told frenzied Republican supporters in Norfolk, Virginia, standing before the reliably jingoistic backdrop of a floating warship." :)
Love Matt and Howard... - Mitt, not so much. NM
[ In Reply To ..]xx
Bain... all you got while Obama has made every - bad situation worse... nm
[ In Reply To ..]nm
EVERY bad situation? Exactly what are you - referring to? SM
[ In Reply To ..]I hate these drive by nonsensical posts, no specifics, just generalizations. It reads as ignorant.
"ignorant" is not realizing Obama made the economy - worse, healthcare worse, Middle east.. worse!
[ In Reply To ..]oh... and then lied to coverup for his failures. Obama is not a leader. He is a coward who NEVER takes personal responsibility for anything because of his narcissism.
I do too. Makes it kinda hard to hold any discussion when that happens. - backwards typist
[ In Reply To ..]but I keep trying. :-)
It takes more fancy verbiage and extensively long paragraphs - backwards typist
[ In Reply To ..]to hide what you don't know. I don't think this guy is smart at all.
While reading his article, some thoughts came to me about Bush's presidency.
It seems like everyone is forgetting a few choice items that caused debt to accumulate under GWB. Everyone against Bush blames the two wars and drug plan.
You are perhaps forgetting about the first 9/11 and then Katrina? Seems like the cost of two of the largest disasters in history of our country are being forgotten for some reason by most Democrats.
A few other conveniently forgotten items:
1. DEMOCRATS also voted for the wars.
2. The partisan Congress for 2 years in 2006-2008.
3. Then there was DEMOCRATS BARNEY FRANK and CHRIS DODD who decided there was nothing wrong with the financial system, that everything was hunky dory with the financial system while they allowed FRANK RAINES rip off Freddie Mac and Fannie Mae for millions and gave a free pass to subprime mortgages started by Clinton's administration.
I can come up with many more if you would like me to oblige. I've been doing research on the end of Clinton's presidency (but will start with Clinton if you would like 'cause I know you don't want partisan politics) and Bush's presidency over his 8 years. It will take me a few days for Clinton, though, since I didn't concentrate on him. :-)
I'm a progressive democrat and I agree with - your post SM
[ In Reply To ..]Both parties share blame for this horrible mess we are in. The biggest problem I now have with Romney/Ryan and the far right takeover of the party has to do with social issues. As far as the economics of it all, IMO Romney will continue the tactics of the Bush administration, that ill-proven "trickle down" theory. I support Obama's ideas of growing the economy from the middle out. Unfortunately, congress refuses to cooperate and refuses to change the status quo because it benefits most of them to do so. Some talk a good game, but words mean nothing when actions show otherwise. One of the main problems with our economy IMO is offshoring of jobs. Obama obviously cannot stop that but he wants to penalize companies that do it and reward companies that don't. That in itself is a big deal to me because I see that as an effort to try to change what is happening in this country. I feel Romney is the poster boy for offshoring.
Thank you very much for posting this. - sm
[ In Reply To ..]This should open the eyes of those who are seeking the truth about what might happen to America, based on how Romney leads his life.
And lying? Lying for God is okay with Romney and his religion.
He has already hinted about how expensive a Romney presidency would be. The Department of Defense, for example, requested a certain amount to be budgeted for them, but Romney instead is going to give them 2 TRILLION dollars above and beyond that.
Concerning Wall Street, he wants to remove regulations on Wall Street so the rich can continue to rob the middle class and poor (including the 47% he pledged NOT to help).
It almost seems as if the "New World Order" idea will finally see the light of day under Romney.
Hating Obama is one thing. Hating America is quite another. A vote for Romney is nothing more than a vote AGAINST America.
Hopefully, greed and hatred won't rule the day and some people will wake up before all their rights are taken away and the only people who "matter" are the top 1%.
Speaking of records, Obama has one... a - lousy one -take my chances on Romney.nm
[ In Reply To ..]nm
Here we go again! How about a little history on KB Toys and Bain involvement? - backwards typist
[ In Reply To ..]In the early 1990s, Melville Corporation owned KB Toys along with other chain stores. KB Toys sold closeout toys, not the newest and most popular. This is what got them in trouble in the beginning. They ran into financial difficulty so sold a lot of their chain stores except for CVS. They also claimed their first KB Toys bankruptcy.
"KB was for many years in a precarious position because of where it was in the industry. It wasn't able to compete on price," said Sean McGowan a senior leisure and lifestyle analyst for Needham & Co. "... If you layer on financial strain, that could push it to the breaking point." The financial strain helped lead to the bankruptcy filing."
KB cut 3,500 jobs and close at least 375 stores after a judge approved the chain's Chapter 11 bankruptcy reorganization.
Bain Capital bought KB Toys in 2000, AFTER Romney left in 1999 (remember?). He wouldn't have been involved in financial decisions.
Toy industry analysts agreed that it was more than debt drove KB Toys into bankruptcy court. It was a troubled company before Bain bought it, and Bain wasn't able to fix it. But to blame Romney and Bain for their downfall is to ignore facts. KB Toys went through a 2nd
bankruptcy around 2004 because they still couldn't compete with Wal-Mart or Toys-R-Us.
Prentice Capital Management bought KB Toys out of bankruptcy in 2005. Then Toys-R-Us bought KB Toys in 2009, bringing the end to KB Toys.
So, again, research, research, research. It is your friend.
I sure would like to research Romney's tax records to find out - sm
[ In Reply To ..]When his biggest source of income is capital gains, and you get your capital gains from your investments, and being he has partnership distribution in Bain Capital . . . I sure would like to know more, but as it is, I must assume that he profited from KB since he refuses to disclose his tax records.
Did you ever answer my question on whether you were an accountant? - backwards typist
[ In Reply To ..]Was that you that keeps talking about Partnership Distributions?
If so, let me know 'cause I have an answer for you, but I don't think you're going to like it.
Unless you have a copy of Romney's tax returns from the years 2000-2009 - sm
[ In Reply To ..]I guess we will never know for sure. Apparently there are some people offering a huge sum of money for copies of those tax returns. If you have some inside info on them, perhaps you should go for the big payoff.
Are you ready for this? Get ready to be bored. LOL - backwards typist
[ In Reply To ..]I finally finished looking through all 379 pages of the 2011 tax return for the Romney’s between last night and this morning. I’m so glad I have patience. LOL. I'm not claiming accountant status but I do have some experience with tax returns.
In looking at the returns, ANN's BLIND TRUST shows some of it held INDIRECTLY through Bain Capital (Cucina Cayman, L.P.) and her QEF (Qualified Electing Fund) is only 163, while their 1995 FAMILY TRUST shows it's held indirectly through Bain Capital Partners IX, L.P. and it's really not a lot compared to the other holdings. The QEF is only 36.
The majority of all their investments (blind trusts) are held indirectly through Goldman Sachs. MITT’S BLIND TRUST is held through GOLDMAN SACHS. He does not any separate holdings through Bain Capital.
The Sensata holding you spoke about is probably held in one of these blind trusts. I dug my way through the rest of the return to see if it states how many shares are held in the trusts. The Tyler Foundation received 7,243 shares of it this year. It's probably set up that the Tyler Foundation gets all of it. Don’t know for sure, but Sensata is not named as a separate holding in the Family Trust, Ann’s Blind Trust or Mitt’s Blind Trust. So, I would say that since Sensata is in one of the blind trusts that Mitt nor Ann knew of the Sensata holding. It was explained by definition last month or the beginning of this month that a blind trust is controlled by the executor/trustee (the holding company), not the beneficiary (Ann and Mitt) and they have no say over how it’s handled so they avoid conflict of interest….and before you jump all over this, Obama and Michelle also have blind trusts set up and they also have foreign investments in those blind trusts.
As for the huge sum of money for copies, that's probably Gloria Airhead's offering. Too bad she did get her October surprise to counter Donald's. Evidently she's not as powerful as she thought she was. LOL I can't stand her.
This explanation will either clear up the confusion or confuse you more thanks to the IRS. LOL
oh nooooooo.,.,. - Not the returners again
[ In Reply To ..]Romney provided the tax returns required.
GET OVER IT!
Cute play on "birther" - Too bad it's so lame. nm
[ In Reply To ..]x
Romney's answer to everything is bankruptcy. - sm
[ In Reply To ..]He says he would have had the automotive industry file for bankruptcy. Instead, Obama SAVED the industry and the JOBS.
Romney owns 51% of Bain. I doubt that he "retired" in the historic meaning of the word.
Romney wants to let foreclosed homes to keep foreclosing. Obama has managed to save some of them, but Romney wants the foreclosures to continue so "investors" can purchase them and "rent" them out.
So much for the American Dream. It's down the drain if King Romney rules the future theocracy that once was America.
You're wrong. Just because a company files for bankruptcy - backwards typist
[ In Reply To ..]doesn't mean they close. Look at GM...they filed for bankruptcy once. Did they close? No.
IMHO, they should have filed for bankruptcy again instead of taking taxpayer dollars. They still closed dealerships and some plants with the bailout money, then turned around and paid their CEO's millions, while the taxpayers are holding the bag. No, they did NOT pay back all the dollars they received. We still own (and are losing money) 500,000,000 shares of stocks, now only worth $23 a share but our brilliant government bought it when it was around $53 a share. Do the math. Now, what would your druthers be this time - another bailout or bankruptcy with our deficit/debt over $16T?
Obama's home finance stimulus plan did not work either, now did it? Most people didn't qualify through the stupid way it was set up. Most of those people still had to claim bankruptcy or have their homes go through foreclosure. Another brilliant idea.
Romney DOES NOT OWN 51% OF BAIN. When are you going to give up that debunked and tired bunch of bull?
Don't forget to hit 'dislike' on my post. I'll feel really bad if you finally believe in truth.
Have a nice day.
Howard Stern - Used to be a democrat
[ In Reply To ..]Anyone who takes Howard Stern seriously and thinks he has any credibility politically has problems anyway, what a jerk. The Democrats need better role models, Obama should be ashamed.
Ugh - RC
[ In Reply To ..]You couldn't pay me to listen to Howard Stern. Or Rush Limbaugh.
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