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Sat Oct 20, 2012, 12:20 PM

I understand it's a decent attack on Romney but we need to be careful


on attacking foreign assets. Last thing we'd ever want is an environment that discourages Americans from investing outside of the US or vice versa.

53 replies, 5402 views

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Reply I understand it's a decent attack on Romney but we need to be careful (Original post)
RB TexLa Oct 2012 OP
cali Oct 2012 #1
Enrique Oct 2012 #2
RB TexLa Oct 2012 #5
Enrique Oct 2012 #12
bluestate10 Oct 2012 #35
fadedrose Oct 2012 #51
Live and Learn Oct 2012 #6
ReasonableToo Oct 2012 #10
ellisonz Oct 2012 #3
bettyellen Oct 2012 #8
ellisonz Oct 2012 #13
calimary Oct 2012 #17
ellisonz Oct 2012 #19
calimary Oct 2012 #46
Kalidurga Oct 2012 #27
lunatica Oct 2012 #29
Hutzpa Oct 2012 #4
OldDem2012 Oct 2012 #7
Ikonoklast Oct 2012 #26
OldDem2012 Oct 2012 #30
justiceischeap Oct 2012 #9
bluestate10 Oct 2012 #37
Live and Learn Oct 2012 #11
tarheelsunc Oct 2012 #14
RB TexLa Oct 2012 #15
pintobean Oct 2012 #16
Angry Dragon Oct 2012 #18
CreekDog Oct 2012 #20
lunatica Oct 2012 #21
JaneyVee Oct 2012 #22
Ikonoklast Oct 2012 #23
pwb Oct 2012 #24
RB TexLa Oct 2012 #28
pwb Oct 2012 #32
kentuck Oct 2012 #25
nadinbrzezinski Oct 2012 #31
bluestate10 Oct 2012 #33
RB TexLa Oct 2012 #34
bluestate10 Oct 2012 #36
laundry_queen Oct 2012 #38
yurbud Oct 2012 #40
laundry_queen Oct 2012 #41
yurbud Oct 2012 #39
datasuspect Oct 2012 #42
yurbud Oct 2012 #43
99Forever Oct 2012 #44
RB TexLa Oct 2012 #47
99Forever Oct 2012 #49
Coyotl Oct 2012 #45
WinkyDink Oct 2012 #48
RB TexLa Oct 2012 #50
aandegoons Oct 2012 #52
RB TexLa Oct 2012 #53

Response to RB TexLa (Original post)

Sat Oct 20, 2012, 12:22 PM

1. oh please

 

attacking mitt on his shady dealings overseas is not going to create an environment that discourages investment.

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Response to RB TexLa (Original post)

Sat Oct 20, 2012, 12:23 PM

2. he isn't investing

he is stashing

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Response to Enrique (Reply #2)

Sat Oct 20, 2012, 12:24 PM

5. And integration of the world economy is something to encourage


I'm not saying it can't be used for a cheap attack but it's not something we want to stop people from doing.

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Response to RB TexLa (Reply #5)

Sat Oct 20, 2012, 12:33 PM

12. it is something we have always wanted to stop people from doing

This isn't about trade, it is not about commerce, it is not about economic activity, it is about tax evasion. I don't see any need to preserve the ability to evade taxes.

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Response to RB TexLa (Reply #5)

Sat Oct 20, 2012, 01:24 PM

35. Investing isn't working to find the cheapest labor possible.

When a company takes jobs out of this country to have the products built by people making $1 per hour but bring the fucking products back and sell them at standard prices, that is piracy.

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Response to bluestate10 (Reply #35)

Sat Oct 20, 2012, 11:18 PM

51. Those investing in these ventures should be criticized

and shouldn't get tax breaks.

It's bad for our companies who need investors and even worse where people are doing slave labor. Has to stop somewhere. If people there got paid more they might have enough money to buy the products they make which they don't now....

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Response to Enrique (Reply #2)

Sat Oct 20, 2012, 12:29 PM

6. +1 nt

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Response to Enrique (Reply #2)

Sat Oct 20, 2012, 12:33 PM

10. Yes, if estate taxes worked, it'd discourage people from hoarding cash for their heirs. n/t

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Response to RB TexLa (Original post)

Sat Oct 20, 2012, 12:23 PM

3. There's a difference between legitimate investment that isn't undermining American jobs at home...

...and what Mitt Romney has been doing.

You're welcome.

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Response to ellisonz (Reply #3)

Sat Oct 20, 2012, 12:31 PM

8. And the OP shld know better than conflate the two.

 

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Response to bettyellen (Reply #8)

Sat Oct 20, 2012, 12:34 PM

13. Seems like a case of the cold feet to me...

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Response to ellisonz (Reply #3)

Sat Oct 20, 2012, 12:45 PM

17. MAJOR difference. myth wrongney is nothing but a HOARDER.

It strikes me that anyone with his kind of money, anyone with Wall Street's kind of money, has NO BUSINESS whining about "uncertainty." When you have that kind of money in your back pocket, or stashed away somewhere that only you can reach, YOU DO NOT HAVE ANY UNCERTAINTY IN YOUR LIFE!!!!! PERIOD!!!!! NOT THE SLIGHTEST FUCKING BIT!!!!!!!

I'm sick and tired of hearing the fat cats and high rollers whining and sniveling about how they can't possibly do anything about investing in the economy or creating jobs because of "UNCERTAINTY!!!!!"

I'm even SICKER and MORE tired of hearing this new trend of fat-cat mega-rich CEOs sniveling and whining in emails to their employees that they're not sure what's gonna happen to THEIR business if YOU don't vote the way THEY want you to - or else.

Do you know what "uncertainty" is?

"Uncertainty" is when you're not sure you'll have enough money to buy food and your meds, and still have money left over to cover the house payment.

"Uncertainty" is when you're not sure if you'll be able to send your gifted child to college - when you still have to pay out of pocket to care for an elderly relative.

"Uncertainty" is when more and more people in your office are getting pink slips in your paycheck, and you're not sure if you'll be next - and no one's talking to you from upstairs, much less telling you the truth.

"Uncertainty" is when the phone keeps ringing. And you're afraid to pick it up because it's probably another bill collector for whom you have no satisfactory response. And you don't know what they're gonna do to you - or what they CAN do, or how ruthless they'll be.

"Uncertainty" is when you're not sure how long it'll be before you are realistically living in your car.

THAT is fucking damn-ass UNCERTAINTY!!!! When you have more money than God, you DO NOT have ANY "uncertainty" in your life, and there is NO trouble, NO wolf-at-the-door, NO threats, and NO dangers - from which your money can't buy you a way out.

None of them seems to remember that The Christ - that very same Savior they claim to worship - drove their kind OUT of the Temple in one of the very few times the Gospels say He actually got royally pissed off and threw a temper fit. None of them remembers how they're nothing but camels facing the Pearly Gates - that are the size of the eye of a needle. And I'm sure they think they're far more Christian than the rest of us, too.

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Response to calimary (Reply #17)

Sat Oct 20, 2012, 12:47 PM

19. I feel your rage.

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Response to ellisonz (Reply #19)

Sat Oct 20, 2012, 07:13 PM

46. I really am enraged by all this. "Uncertainty????!??!!?!??!!?!?!?!?" WTF?????

Those whining Wall Street weasels have enough money to buy their way out of ANY "uncertainty!"

Let them try living in an eight-year-old Chevy sedan for a week. THEN let's hear them talk about their fucking damn rat's-ass "UNCERTAINTY"!

You know something? Fuck it! "Uncertainty" is a way of life! We ALL live with "uncertainty" from the moment we're pulled out of our mama's nether regions! The mere act of living on Planet Earth includes built-in uncertainty day in and day out! Hell, you can't even be certain you're gonna frickin' wake up tomorrow morning! People have been known to die in their sleep with no warning, after all. You can't even be certain you're gonna be able to walk across the street during lunch hour downtown. You can't be certain some drunk driver isn't gonna suddenly come out of nowhere and hit you head-on.

"Uncertainty" is just part of day-to-day living. To them, it's a total cop-out.

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Response to calimary (Reply #17)

Sat Oct 20, 2012, 12:55 PM

27. Seems pretty evident to me you are absolutely right...

I just don't get how 35% or so of the general population in the US doesn't get this.

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Response to calimary (Reply #17)

Sat Oct 20, 2012, 12:56 PM

29. Yes. I've been through quite a bit of that in the last few years

They don't have even the faintest clue. It's uncertainty all right. But it feels a lot like terror too.

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Response to RB TexLa (Original post)

Sat Oct 20, 2012, 12:24 PM

4. Thanks for your concern.

but what are these attacks that you speak of?

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Response to RB TexLa (Original post)

Sat Oct 20, 2012, 12:30 PM

7. So, do you think it's okay to lay off American workers and close US plants....

....and send those jobs to China or some other country employing sweatshop methods?

Just curious where you stand on that issue at a time when we need to create jobs for Americans in America, and invest in US businesses doing business in the US.

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Response to OldDem2012 (Reply #7)

Sat Oct 20, 2012, 12:54 PM

26. OP despises American workers and Union Labor.




This as just more theatre from the OP.

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Response to Ikonoklast (Reply #26)

Sat Oct 20, 2012, 12:57 PM

30. I guess as long as the OP....

...is "polite" he or she can continue to post on DU?

Doesn't seem like the OP's being very supportive of the DU TOS, does it?

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Response to RB TexLa (Original post)

Sat Oct 20, 2012, 12:32 PM

9. Sorry, but I'll attack any candidate who wants to lead this country

if they made the bulk of their "assets" from shipping American jobs overseas.

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Response to justiceischeap (Reply #9)

Sat Oct 20, 2012, 01:45 PM

37. I have your back. nt

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Response to RB TexLa (Original post)

Sat Oct 20, 2012, 12:33 PM

11. Hmm, I think we just might want to do precisely that while our

economy is so precarious. Their "investments" include moving our jobs and manufacturing overseas. And as pointed out upstream, Romney is simply hiding his money overseas.

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Response to RB TexLa (Original post)

Sat Oct 20, 2012, 12:36 PM

14. Mitt DESERVES to be attacked on this.

Look at his campaign slogan. You don't "Believe in America" if most of your money is going to China, Switzerland, and the Cayman Islands. If he doesn't want to be attacked on this, he better stop using that slogan.

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Response to tarheelsunc (Reply #14)

Sat Oct 20, 2012, 12:39 PM

15. I'm fine with the attacks, I've made many hypocritical attacks before.

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Response to RB TexLa (Original post)

Sat Oct 20, 2012, 12:43 PM

16. Especially if one is on

 

paid vacation and attending a party of their spouse's co-workers.

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Response to RB TexLa (Original post)

Sat Oct 20, 2012, 12:46 PM

18. Willard has his money parked ---------

I still think he is putting drug money in these accounts

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Response to RB TexLa (Original post)

Sat Oct 20, 2012, 12:49 PM

20. You're against tax credits for children, so you don't mind discouraging children

so spare me on this.

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Response to RB TexLa (Original post)

Sat Oct 20, 2012, 12:49 PM

21. You sound like you want to coddle investing in other countries

There's nothing wrong in that, but to conflate that with people taking jobs to China as an investment? That definitely needs to be discourage.

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Response to RB TexLa (Original post)

Sat Oct 20, 2012, 12:50 PM

22. No because people used to invest in foreign companies that benefit the U.S, now they invest in

 

foreign companies that do harm to the U.S. i.e. outsourcing. Capitalism always had ethical issues, but it's been taken to the extreme by the greed is good crowd.

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Response to RB TexLa (Original post)

Sat Oct 20, 2012, 12:51 PM

23. Deliberately confusing two different things entirely.

Try again, but don't use the Faux Snooze Talking Points this time....go!

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Response to RB TexLa (Original post)

Sat Oct 20, 2012, 12:51 PM

24. The President does not make those investments personally. his thrift savings plan does.

Romney has a direct hand in where his money goes. The thrift savings plan was started by reagan and is handled by Barclay's which is british. Reagan gives a federal savings plan to the British, wasn't that great?.

Well maybe it was the way our American banksters are.

The point is the plan picks the investments not the individual.

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Response to pwb (Reply #24)

Sat Oct 20, 2012, 12:55 PM

28. What is wrong with Barclays having that account?

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Response to RB TexLa (Reply #28)

Sat Oct 20, 2012, 01:02 PM

32. Did you finish reading my post?.

The plan was started in the 80s when our banks were still kind of O K.

I did say in the post maybe we were better off now.

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Response to RB TexLa (Original post)

Sat Oct 20, 2012, 12:53 PM

25. OMG!

Somebody stick a pin in that bubble!

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Response to RB TexLa (Original post)

Sat Oct 20, 2012, 12:59 PM

31. Somebody do pass the popcorn

 



At this point any OPs by this person are popcorn worthy

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Response to RB TexLa (Original post)

Sat Oct 20, 2012, 01:10 PM

33. I say fuck those americans when they "invest" with the intent of taking away american jobs.

The drive to the bottom shit must stop. Any person that does not make a concerted effort to find and buy made in the USA products is fucking contributing to their own impoverishment.

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Response to bluestate10 (Reply #33)

Sat Oct 20, 2012, 01:17 PM

34. Right, make sure you never do anything that benefits a non-American

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Response to RB TexLa (Reply #34)

Sat Oct 20, 2012, 01:35 PM

36. I try my damnedest not to.

All my clothing is made by USA shops, most union. My investments are all in companies that are working to build up the USA economy. I never held non-USA companies in any of my investments, I know because I constantly fucking checked to make sure. I don't have anything against China, I think that country's citizens deserve good standards of living. But companies building products in China, paying chinese workers less than $2 per hour then taking and selling those products in the West for premium prices isn't a way to get better living standards for chinese workers and certainly is no way to maintain american worker living standards.

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Response to RB TexLa (Original post)

Sat Oct 20, 2012, 01:59 PM

38. LOLz

There is a huge chasm of difference between Foreign Direct Investment and looting other countries. Romney's Bain likes to take from both - buy up American companies that provide jobs and benefits, ship the jobs overseas for pennies on the dollar, avoid having to pay those benefits, pay workers shit wages, make THEIR country pay to take care of them and educate them, make shitpiles of money, hoard it and this way he impoverishes both the US AND the foreign country.

If Romney wants to be President, it would be his JOB to look out for the interests of AMERICANS. Currently, the economy is moving towards globalization, but there is a right way and a wrong way to go about this. Sending every single low-skill job overseas will instantly impoverish the country he is supposed to be the champion of. Yes, the other country will see the benefits of FDI, and the overall standards of living may rise up a bit, but it's usually at the cost of living standards back home if it's not done right. For free trade to work, it needs to be planned out and carried out more slowly. Sure, the US might need engineers, people in R&D, financial gurus etc, but when the shift in the economy happens too fast, there is not enough time for retraining, not enough time to re-tool the education system, not enough time to lower education costs and the workers are left behind. What the US is currently doing is a serious problem - since the careers that are in demand require intensive, long term training and the cost of post-secondary education is rising to unsustainable levels, it won't be long until there is a huge collapse. The US cannot sustain free trade if it is unwilling to invest in shifts to the 'new' economy. This is the problem Romney has to solve - and since he couldn't wait to ship everyone's jobs overseas, without regard to his own country, and has no education plan, it's highly unlikely he's the right person for this particular job.

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Response to laundry_queen (Reply #38)

Sat Oct 20, 2012, 02:03 PM

40. and unfortunately, our trade deals like NAFTA screw both us AND Mexico (I don't know about Canada)

We lost factory jobs to Mexico, but Mexico got flooded with our crop surpluses, driving farmers to manufacturing jobs faster than those jobs appeared, so wages not only didn't go up, people passed from farm to town and had to keep right on moving to El Norte.

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Response to yurbud (Reply #40)

Sat Oct 20, 2012, 02:11 PM

41. Exactly.

Yeah, Canada lost quite a few manufacturing jobs to Mexico also, but regained some, especially in the auto industry, when our dollar tanked. Now that our dollar is at par with yours, manufacturing jobs are disappearing again. However, this time they are going overseas - or in the machinery industry, to the southern states for non-union jobs. Nafta was just the start. Also, some of our smaller businesses died because the US competition was just too much for them. Canada has benefitted in that it is now easier for us to sell you our natural resources (oil specifically).

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Response to RB TexLa (Original post)

Sat Oct 20, 2012, 02:01 PM

39. we don't want people in the Cayman Islands or Seychelles to starve

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Response to RB TexLa (Original post)

Sat Oct 20, 2012, 02:16 PM

42. derp

 

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Response to RB TexLa (Original post)

Sat Oct 20, 2012, 03:44 PM

43. I wouldn't mind discouraging Saudi government from investing here, given their involvement in 9/11

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Response to RB TexLa (Original post)

Sat Oct 20, 2012, 03:55 PM

44. Why this Anti 99%er poster ...

... is allowed to post here, is a mystery to me. I only wish I could say exactly what I would like to him, but that would be a TOS violation.

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Response to 99Forever (Reply #44)

Sat Oct 20, 2012, 09:29 PM

47. This isn't anti anything. We should encourage the world economy to be more integrated by all.

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Response to RB TexLa (Reply #47)

Sat Oct 20, 2012, 10:05 PM

49. Says you.

The millions who have had their lives destroyed by this flawed philosophy don't agree. We are sick and tired of having our lives sold out to the lowest bidder. Take your flamebait elsewhere.

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Response to RB TexLa (Original post)

Sat Oct 20, 2012, 03:57 PM

45. DU need a policy requiring at least three sentences in an OP

 



I know, I know, there wasn't a single thread on this topic so you had to start one

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Response to RB TexLa (Original post)

Sat Oct 20, 2012, 09:49 PM

48. You thought long and hard about your precise wording, did you not? Sad that it fools no-one.

 

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Response to WinkyDink (Reply #48)

Sat Oct 20, 2012, 10:57 PM

50. No, I just typed it

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Response to RB TexLa (Reply #50)

Sun Oct 21, 2012, 07:07 AM

52. So it comes naturally?

The fascist thank you.

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Response to aandegoons (Reply #52)

Sun Oct 21, 2012, 08:46 AM

53. What do you think is fascist about international financial transactions?

Or international investing?

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