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Member since: Fri Sep 17, 2004, 03:59 PM
Number of posts: 67,813

Journal Archives

Mitt: Corporations are People - Teachers, Not So Much

A tale of two campaigns



Wall Street braces for an Obama win

Source: Politico

Wall Street braces for an Obama win

NEW YORK — Mitt Romney was Wall Street’s dream candidate, a former private equity executive committed to lower taxes and less regulation who would never rip bankers as “fat cats” as President Barack Obama famously did.

But now many masters of the universe concede they may not get their man.

Across Wall Street and the broader landscape of corporate America, even strong supporters of Romney acknowledge that swing state polling numbers and the direction of economic data and markets suggest it’s time to brace for a second Obama term.

“It looks right now like it’s probably going to be Obama, so you have to start planning for that, even if it’s not what you would prefer,” said the chief executive of one of the largest companies in the United States who has criticized the president and spoke on the condition of anonymity in order to give a frank assessment of the state of the race. The executive added that plans were under way to work with a second Obama administration on selling a plan to avoid the fiscal cliff with major tax and entitlement reform that includes some new revenues.

Read more: http://www.politico.com/news/stories/0912/81738.html#ixzz27gGurrSU

Horsey Nails GOP: Republicans have a medieval mindset about climate change

So, The Romney Campaign Is Just Performance Art?

A totally implausible satire, featuring Lucky Ducky

Obama Is Going To Win!


NEW ROMNEY VIDEO: In 1985, He Said Bain Would "Harvest" Companies for Profits

Source: Mother Jones

NEW ROMNEY VIDEO: In 1985, He Said Bain Would "Harvest" Companies for Profits

This clip shows the young CEO focusing on businesses as targets for his investors, not as job creators or community stakeholders.

—By David Corn | Thu Sep. 27, 2012 3:00 AM PDT


But at Bain, Romney's top priority wasn't to boost employment. As the Wall Street Journal recently noted, creating jobs "wasn't the aim of Bain or other private-equity firms, which measure success by returns produced for investors." And, the newspaper reported, Romney's 100,000-jobs claim is tough to evaluate.

Mother Jones has obtained a video from 1985 in which Romney, describing Bain's formation, showed how he viewed the firm's mission. He explained that its goal was to identify potential and hidden value in companies, buy significant stakes in these businesses, and then "harvest them at a significant profit" within five to eight years.

The video was included in a CD-ROM created in 1998 to mark the 25th anniversary of Bain & Company, the consulting firm that gave birth to Bain Capital. Here is the full clip, as it appeared on that CD-ROM (the editing occurred within the original):

Read more: http://www.motherjones.com/politics/2012/09/1985-romney-bain-harvest-firms-profits-video


This Should Finish Mitt Off: Mother Jones: Romney on Bain's plan to "BUY & HARVEST" companies

There's been a new video released on Mother Jones which shows Mitt Romney talking about Bain's aims, ie, to harvest companies.


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