HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Dalai_1 » Journal
Page: « Prev 1 2 3 4 5 6 7 8 9 10 11 12 13 Next »


Profile Information

Member since: Tue Nov 6, 2007, 09:55 AM
Number of posts: 1,300

Journal Archives

Top Ten Economies that Benefit From Romney's Job's Plan

None of Them Are American

A new economic analysis of Mitt Romney’s jobs plan found that his proposal to eliminate all U.S. taxes on foreign profits made by U.S. companies could lead to the creation of 800,000 jobs—overseas. Take a look at how many jobs U.S. companies could create for foreign economies with Romney’s help, and then share the facts with your friends.

For More see Source(chart)


Why Won't Romney Release More Tax Returns (The New Yorker)

July 16, 2012
Posted by John Cassidy

“He should release the tax returns tomorrow: it’s crazy,” Kristol, the editor of the Weekly Standard, said on “Fox News Sunday.” “You gotta release six, eight, ten years of back tax returns. Take the hit for a day or two.” Speaking on ABC’s “This Week,” Will, the veteran columnist, agreed, saying, “If something going to come out, get it out in a hurry.” And Dowd, who was the chief strategist for the Bush-Cheney campaign in 2004, said Romney’s refusal to release returns for the years prior to 2010 was a sign of his “arrogance.”

With even prominent Republicans saying that his current stance is unsustainable, the obvious question to ask is: Why is the Mittster being so obstinate? He surely isn’t standing on principle, for what principle would that be? The notion that very rich men running for President shouldn’t have to disclose as much information about their personal finances as less wealthy candidates? The principal that if your father also ran for President, and released twelve years of tax returns, then you can release just two and claim the family average is a respectable seven years?
No. It’s only fair to assume that Mitt is doing what he always does: acting on the basis of a careful cost-benefit analysis. Will’s comments on this were spot on: “The cost of not releasing the returns are clear,” he said. “Therefore, [Romney] must have calculated that there are higher costs in releasing them.” But what information could the earlier tax returns contain that would be so damaging if it were brought out into the open? Obviously, we are entering the realm of speculation, but Romney has invited it. Here are four possibilities:

More from Source:


Why is Obama Winning

Michael Tomasky: Obama Is Winning Because of the Shrinking GOP
by Michael Tomasky Jul 15, 2012 4:45 AM EDT
The economy is weak and Americans are unhappy. But Obama’s ahead because the GOP is an aristocratic party that favors the super rich. And Mitt Romney is its perfect poster boy.

Mitt Romney’s present travails must surely seem shocking and offensive to Republicans, both panjandrums and rank and file alike: “His is a great American success story. How can this be bad? The controversy must be all the fault of that evil liberal media and the Democrat Party!” Well, folks, sorry, but it’s not. If you’re willing to spend two minutes scouring the landscape for explanations rather than enemies, it might strike you that outsourcing is a real issue in American life—millions of citizens have been affected by it, and by definition, none of them for the better. That the ongoing Bain saga is such a shock and outrage to conservatives shows me only that conservatives are profoundly out of touch with the moderate center of the country: It helps explain why you selected this man as your nominee, and it further helps explain why he’s losing to an incumbent who, given the current economic conditions, ought to be pretty easy to take out.

The GOP has no moderate faction anymore. It’s a rump amalgamation of plutocrats and the people who service their air conditioning.

More from Source:http://tinyurl.com/btqv9cb

Thirty Pictures of President Obama's Rain Soaked Speech in Virginia

At a stop today in Glen Allen, Virginia, Obama's campaign rally was threatened by heavy rain storms, but the President and his supporters braved the downpour — providing an awesome photo opportunity for the Obama campaign.
posted Jul 14, 2012 6:50pm EDT


George H W Bush 'Who the Hell is Grover Norquist'


George H.W. Bush doesn’t know who this Grover Norquist guy thinks he is, pushing politicians to sign an anti-tax pledge.

“The rigidity of those pledges is something I don’t like,” the former president, who broke his own campaign pledge not to raise taxes, said in an interview with Parade magazine. “The circumstances change and you can’t be wedded to some formula by Grover Norquist. It’s — who the hell is Grover Norquist, anyway?”

Referencing her famous advice to Sarah Palin (“I think she’s very happy in Alaska – and I hope she’ll stay there.”), Barbara Bush said of Norquist, “I think he ought to go back to Alaska,” then laughed and added, “Don’t quote me!”

The couple also commented on President Bush’s friendship with Bill Clinton.

“He knows a lot about everything. He’s a very knowledgeable, bright man. He sat out here one time, and we talked about every possible [subject] — one after another,” Bush said.

“I think he thinks of George as the father he never had,” the former first lady said. “Truthfully. I mean that as a compliment. He’s been very thoughtful about calling and he’s a good fellow.”


Daily Show,'Colbert Report' Cease Streaming online Due to Viacom vs Direct TV Battle

The battle between DirecTV and Viacom has just claimed a big casualty: Online streaming episodes of "The Daily Show" and "The Colbert Report."

Viacom and DirecTV have been publicly battling over DirecTV's reluctance to pay the fees Viacom demands to carry their 26 channels. On Tuesday evening, the satellite provider dropped Viacom channels, including Comedy Central, Nickelodeon and MTV, from their lineup.

DirecTV has noted to customers that although they are losing Comedy Central on DirecTV, anyone can easily watch popular shows like "The Daily Show" and "The Colbert Report" on the Internet, where videos found on official Comedy Central websites are embeddable so they can be played on other sites (such as The Huffington Post).

But Viacom continued to play hardball. As of Thursday, full episodes of the shows have been removed from the official "Daily Show" and "Colbert Report" websites, although individual clips of the episodes are still available.

The move is likely to upset viewers who do not subscribe to DirecTV, but who will still be unable to watch full episodes of their favorite shows due to the two corporations' feud. Presumably, the suspension will not be permanent, and episodes will resume streaming online when DirecTV and Viacom reach an agreement to reinstate Viacom programming.

Both "The Daily Show" and "The Colbert Report" are on hiatus this week, but their official websites are running ads encouraging fans to call DirecTV to voice support of Viacom shows.


Voter ID: The GOP's Last Gasp

From Mother Jones
By Kevin Drum| Fri Jul. 13, 2012 3:00 AM PD

Voter ID Laws Are the Last Gasp of a Fading GOP Strategy

I wrote about the long-standing hope of Democrats that demographic changes are working in their favor and will soon create a durable national Dem majority. There are several moving parts to this theory, but the two big ones are (a) young people are trending Democratic, and (b) the Dem-leaning nonwhite population is getting bigger and bigger. As far as I know, Republicans don't really deny that these things are happening. After all, the trend in the youth vote jumps out in every poll, and the growing nonwhite share of the population is regularly front-page news. George Bush and Karl Rove, who desperately wanted to pass a comprehensive immigration bill in 2006 in order to stanch the flow of Hispanic votes into the Democratic column, knew perfectly well how important this was.

So what's the Republican response to all this? They have two options:

Start to move leftward on social issues, especially gay marriage, in order to win back their share of the youth vote; tone down the anti-immigration rhetoric from the tea partiers; and stop tolerating casual racism among their core supporters.


Double down on the demographic groups who already support them. This is basically the South, angry white men, the rich, and the elderly.

Eventually, they might be forced to adopt Option 1, but for now they seem to have abandoned the idea of pushing back against their base (as Democrats eventually did in the late '80s), and instead have gone all in on Option 2. There are two elements to this. The first is to push ever harder for higher turnout among the Fox News set. That was pretty successful in 2010,when the "enthusiasm gap" powered a Republican landslide that year. But there's only so far that can go"

For All of It Go To Source:


Three Reasons why Romney's Quit Date Matters

So what? Three reasons why it matters:

Outsourcing. There are two Democratic attacks that Romney has defended himself from by citing the 1999 departure date from Bain: that he's an outsourcer and that he's a corporate raider. President Obama's ad calling Romney an "outsourcing pioneer" are based on a June 21 Washington Post story looking at how Bain, led by Romney, was an early outsourcer. FactCheck.org rates the Obama commercial false, because much of the outsourcing happened after 1999. For example, Bain didn't become a majority shareholder in Stream International, which set up call centers overseas, until later in 1999. A subsidiary created by the deal, Modus Media, closed a California plant in 2000 and opened one up in Guadalajara, Mexico. Again, FactCheck.org rated the Obama ad based on the Modus outsourcing false, because Romney said he'd left Bain in 1999. The same goes for SMTC, which closed plants in Denver and opened them up in Mexico in 2001.

Corporate raiding. As for the corporate raider charge, Obama's campaign says Bain took over companies, extracted huge fees, and then let them fail. One example is Ampad, which NPR's Planet Money has cited as an example of private equity gone wrong. Bain bought the paper company in 1992, took on a ton of debt, and the promised turnaround never happened. Instead, Planet Money explains, workers lost their jobs, stockholders were "wiped out," and lenders "got back a fraction of what they were owed." But so what? Ampad declared bankruptcy in January 2000, almost a year after Romney's official quit date. But the Globe's report makes that more complicated. Likewise, GS Industries, which Bain formed in the early 1990s by merging multiple steel plants, went bankrupt in 2001, "two years after Romney left Bain," as the Los Angeles Times reported. Or one year before he left?

Legal issues. There are legal implications no matter which date is correct. Romney's most recent federal financial disclosure form says that "Since February 11, 1999, Mr. Romney has not had any active role with any Bain Capital entity and has not been involved in the operations of any Bain Capital entity in any way." Earlier this month, in evaluating the truth of an ad by President Obama's campaign calling Romney an outsourcer, FactCheck.org said that if Romney hadn't really left Bain when he said he did, "then Romney is guilty of lying on official federal disclosure forms, committing a felony."

But the Boston Globe says that if he did leave in 1999, and kept being listed as controlling the firm, that could be problematic too. Former SEC commissioner Roberta S. Karmel told the Globe:

"If someone invested with Bain Capital because they believed Mitt Romney was a great fund manager, and it turns out he wasn’t really doing anything, that could be considered a misrepresentation to the investor... It’s a theory that could be used in a lawsuit against him."



Reid: Romney ‘Couldn’t Be Confirmed As Dog Catcher’ By The Senate

SAHIL KAPUR JULY 12, 2012, 12:52 PM 2857
Senate Majority Leader Harry Reid (D-NV) said Thursday that new revelations about Mitt Romney’s tenure at Bain Capital mean he’d have trouble gaining Senate approval for pretty much any job.

“He not only couldn’t be confirmed as a cabinet secretary, he couldn’t be confirmed as dog catcher,” Reid told reporters at a Capitol press briefing, in response to a question from TPM. “Because a dog catcher, you’re at least going to want to look at his income tax returns.”

“The long report that we have in the Boston Globe today indicates that, as one of his own employees said, it doesn’t make sense,” Reid continued. “He said he left Bain to go to the Winter Olympics in Salt Lake City and stopped any association with Bain. But his SEC filings indicated that he was Chief Executive Officer, sole stockholder, and ran the corporation for at least 3 more years. And that’s why people who say there’s been advertisements where businesses were closed, people laid off - and he says oh I wasn’t there, I left in 1999. As his own operative said, it doesn’t make sense. And it doesn’t.”

Source and More


SEC said "Romney was the Controlling Person of Bain Capital in 2001

SEC Rule 405 of definition of "Controlling"

Control. The term control (including the terms controlling, controlled by and under common control with) means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a person, whether through the ownership of voting securities, by contract, or otherwise.

Go to Page: « Prev 1 2 3 4 5 6 7 8 9 10 11 12 13 Next »