A Case Against Romney (but not for Obama)

Musburger

500+ Posts
Before I go into my post, I'll go ahead and smack down Obama, lest someone think he should be kept in office.
1) The Justice Department is totally corrupt. The coverup with respect to the 'fast and furious' debacle is one concern. The failure to investigate and prosecute Wall Street related felonies is another. The fact that Jon Corzine is a free man is outrageous.

2) The BP disaster. Obama's response took weeks and the stonewalling and propaganda from both BP and the government during that period was not unlike what one would have expected out of the old Soviet Union.

3) Foreign policy. Our intervention throughout Northern Africa, the Middle East, and Southeastern Asia is turning the region into a mini-caliphate.

4) The economy. It's running on fumes and most of the fuel that keeps it going at this point is a combination of government deficit spending and fraud.

5) Erosion of the Constitution. While this seems to be a fully bi-partisan effort, Obama has increased executive power every step of the way.

Now. Let's move on to the other choice.

There are some good arguments for why Romney could make a good chief executive. Three come to mind.

1) Hes smart.

2) He has experience as an executive in the business world and as a governor.

3) Obama has been a disaster.

The negative?

1) Can't trust the MF'er.

By now, those of you that chose to read the Rolling Stones article on Bain have done so. It was an informative article by Matt Taibbi and provided a basic outline of what a leveraged buyout consists of, and what the main financial advantages are from this practice.

Here's the original article if you need a refresher.

I had thought Taibbi did a good job in his research, but this morning I stumbled onto another article that explores deeper into Bain's practices, particularly Bain's ventures into the medical treatment industries. Most of the activity apparently occurred after 1999 when Romney no longer actively ran Bain, however he remained heavily invested and profited immensely from Bain's LBO's. And as a shrewd business man, Romney certainly knew what was going on.

After reading this article (unless you believe the writer is slandering Bain) ask yourself just how much the economy was helped. Maybe your medical bills and insurance premiums reflect Bain's profiteering. The story will be pasted below.


In reply to:


 
I didn't take the time to read all of that but it looks like it probably is good information. Here's my thought. I think Romney is a very good business man and very smart at that. I feel if he does something that isn't working that he's smart enough to know to go a different direction. It's like a football game. If somethings not right you make adjustments. What we've seen from Obama is that he's not smart enough to go a different direction. It's not working and he just doubles down. Not sure who said it but they said something like this "Insanity is doing the same thing over and over and expecting a different outcome." Might have been some wise Horn fan talking about Greg Davis' offense.
 
Mus
can you explain the case against Romney?
I read most of the article
vut I am not sure how this means Romeny would not be a decent POTUS

Even from the article it looks like he knows how to adjust decisions
and I am betting he would NEVER miss an intelligence briefing to do campaign

TIA
 
My take on the article is that Bain's profits, at least with respect to LBO's in health care, hurt the economy rather than benefited it.

Bain created debt which became the responsibility of the entity it purchases. As a health care company, in order to payoff the debt, the company passed on costs (inflated costs) which are borne by patients, and the pubic in general via higher insurance premiums. In essence, Bain extracted wealth from the company, and in order to survive, the company passed the costs on to the public.

While this shows that Bain/Romney were shrewd and served the best interests of Bain and its share holders, these aren't practices that will ingratiate anyone to them.

Romney has shown he knows how to profit from the existing system. That may not necessarily translate into whether he knows how to improve/repair the current system. And there is always the fear that his cronies will try to influence him to make policy favorable to them. And he understands how that works. Hopefully he would say no deal and deconstruct the very loopholes that he took advantage of. I certainly think that to be an unlikely possibility.
 
Thank you Mus
I see the point you want to make
and I know you are far savvier than I am in those areas
but it looks to me like Romney operated within the laws and regs in place at the time
.
I dont' see a venture capiitalist job AT THAT time as singing Kum Bay AH. I see what he did is exactly what other similar companies did .
No one has ever done a graph on the end result good versus loss Bain had surinf his years versus comparison to other like companies at same time

His decision making ability overall on so many levels out weighs any so called negatives
MOST especially compared to the stupid buffoon make us a mockery world wide
 
That is Capitalism, if you don't like it, sorry you are more than welcome to move somewhere else.

So he is a shrewd businessman, I have no issues. He won someone else lost. Anybody could have gone to any other provider there was and gotten cheaper care, what prevented them from doing that?

Why is it bad to make a profit in this world.

This is one of the few parts of Romney that I really like.
 
I'm not a big Romney fan and had Texas been given a chance to vote in the primaries when they mattered he would not have received my vote. However, Obama has been such a complete failure as a president I would literally vote for a seeing eye dog if that dog would promise not to spend a trillion dollars more than he brings in every damn year.

So as it turns out Romney receives my vote by default and Gary Johnson can light up a fat one and ***** about why I'm ignoring him.
 
I worked for Dade, before Siemens bought us. I hated we had to go through the bankruptcy, but while Dade was rockin i made more money than ever in my life. Siemens, well that is a different story - hate it. I can say having gone the full circle - Dupont - Dade - Dade Behring, and now Siemens that no one cares less about employees than Siemens.
Don't like what happened to Dade but I would NEVER, NEVER vote for B Hussein Obama, never. He has been a dismal failure, IMHO.
Hookem
 

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