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- The specifics are hidden in the past and are not realistically sought from future promises. Specifics of note:
The credo of a politician:
Step 1: gain control.
Step 2: identify the existing value within the system.
Step 3: transfer the value to cronies and supporters at no cost to them.
Step 4: reward cronies and supporters to reduce the value of remaining assets.
Step 5: blame workers and citizen participants for destroying value with claims of socialism and having exorbitant demands like viable earnings, vacation time, family time, health insurance, retirement provisions and the like.
Step 6: pocket easy gains.
Step7: place the system into bankruptcy proceedings.
Step 8: leave workers and citizens holding an empty bag by moving opportunity, money/assets and production abroad.
Step 9: walk away with truck loads of wealth.
Step10: declare unprecedented success.
If the republican campaign methods promote name calling and branding Americans seeking meaningful and greater than subsistence employment as communists or socialists then I predict republican defeat. - Reply to this comment
- Point not mentioned (maybe I didn't read enough...) is the profits made by overseas operations are not coming back to the US because of the high corporate tax rate - something like $1T !!. Bush gave a tax holiday, and Obama considered it, but didn't want to do it unless the corporations would guarantee the money would be used to create jobs. It's complicated, but Romney just wants to cut the tax without using any lever to create jobs. As said many times, Romney has profit making experience, which counters job creation on US soil. What's worse is companies like Caterpillar are maintaining profit by firing higher paid people and getting new hires for $11/hour - all to maintain profit for shareholders, but unless money circulates in the economy (i.e. outside of Wall Street) the US economy won't grow. Money goes up from a working middle class - it doesn't "trickle down" from the top 1-2% or corporations (until it's profitable to hire people - which won't happen until demand increases, which won't happen until people have more money to spend on non-necessities)..
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- WOW Obama-Biden confuse jobs created to support exports overseas with outsourcing. No wonder they are in such denial.
This is a bad topic for Obama-Biden given how they have chased jobs out of the US and put the country in dept with stimulus to buy newer cars that mostly benefited toyota.....and they call Romney an outsourcer? - Reply to this comment
- I understand this is the new Romney Campaign theme song.
Money, get away
Get a good job with more pay
And your O.K.
Money, it's a gas
Grab that cash with both hands
And make a stash
New car, caviar, four star daydream
Think I'll buy me a football team
Money get back
I'm all right Jack
Keep your hands off my stack
Money, it's a hit
Don't give me that
Do goody good bullchit
I'm in the hi-fidelity
First class traveling set
And I think I need a Lear jet
Money, it's a crime
Share it fairly
But don't take a slice of my pie
Money, so they say
Is the root of all evil
Today
But if you ask for a rise
It's no surprise that they're
Giving none away
Away
Away
Away
Away... - Reply to this comment
- @hillz ... When my job was eliminated the company I worked for had one office in China, it now has three. While I was working we were instructed to send a defined percentage of our work to the "China" office. As an engineering service company, this was work scheduled for construction on American soil.
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- Investing abroad to enter a foreign market is one thing, manufacturing abroad and importing back to America for sale on American soil is "the" dubious economic ingredient.
Republicans claim to understand economics but can't seem to grasp this simple concept. To understand this is to realize that screwing middle America doesn't fit their profit motives. - Reply to this comment
- Outsourcing not Off-shoring? Bull Chit. Romney's brain and spokesman makes a distinction without a difference. If he makes his company more profitable by giving work to Indian or Chinese people that could be done by American residents he hurts our workforce and impedes our consumer economy. The great "Job Creator" for asia, the trickle-down of wealth--to India or China! See it, People!
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- "And are you really saying that in none of the dozens of Bain deals that Mitt Romney was involved in, not one American job got sent overseas?"
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This is just a stupid question. We live in a global economy. A corporation can out-source a job, save some money and use that money to expand or become stronger. Companies that expand or become stronger hire more people. Out-sourcing or off-shoring is not the inherently evil practice the left makes it out to be. - Reply to this comment
- "Romney's adviser also said the United States should be "encouraging" off-shoring."
Romney built his fortune by raping the middle class. He has no scruples. Made his millions off the backs of working families. He does not and will not care about you. I am amazed that he is a candidate for President. For the people? Mind blowing...
How could anyone vote for this vulture? - Reply to this comment
- It's disingenuous for Mr Fehrnstrom to say that there has been no movement in the economy in 3.5 years.When the president took office, it was on a downward spiral.The growth has been slow,but look at where we were.It's unrealistic for anybody to think that we would quickly bounce back from job losses south of 750,000 in a month's time.As Bill Clinton has said,recovery from recessions take a number of years, and that's definitely the case here, when this was the worst economic time, second only to the Great Depression. Much of what we are experiencing now comes from a global economic slow - down, which no president, including Romney,can control.Since the president took office, we have been on a positive trajectory in jobs growth -for over 2 years.It would be better if we had a Congress that helped the president, instead of one that has consistently opposed him.
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