Thread Closed

Mitt Romney's candidacy

 
Share Thread Thread Tools
Jan23-12, 04:37 PM   #103
 
Recognitions:
Gold Membership Gold Member

Mitt Romney's candidacy


No, actually that's the reason I voiced it as a question. No matter how supercilious it may have sounded. That's a personal problem of mine, but I'm working on it.

All the best,
Rob
Jan23-12, 05:16 PM   #104
 
Recognitions:
Gold Membership Gold Member
I was an employee at a veneer mill when the company was taken over by a competitor in a hostile take-over. It was not pretty. The competitor stripped out all our best equipment, including advanced stuff patented by the long-time owners. That mill-town died when the mill closed. The new "owners" cited "foreign competition" as the main reason that the Bingham mill had to be closed.

Years later, I lost a job in sales and technical service in the paper-mill engineered-fabrics industry when my company was bought out by our nearest competitor in the Northeast. Again, the purchase was predatory. The new owners fired all the sales and technical-service staff, including me. Work for an older company with adequately-funded insurance and retirement funds? You are at risk for take-over from people who want to strip the value out of your company and slash jobs.

This is the type of business that "mittens" was involved in. The article that GNW linked was apparently well-researched, and probably had a lot of truth in it. As an editor for a respected news-outlet, you don't permit "factual" articles (vs opinion) to be printed about a powerful person with hundreds of millions of dollars in assets, unless you have vetted the articles. I tend to believe that article (in spirit, if not in all the details) because I have been thrown out of jobs due to a couple of hostile take-overs in the last 40 years.
Jan23-12, 05:28 PM   #105
 
Recognitions:
Gold Membership Gold Member
^ People who have been around long enough to see companies destroyed when their pension funds were supposedly "overfunded" and were taken over, and lost their jobs due to predatory tactics used by "venture" capitalists may never be persuaded to pull the lever for Mitt. He is out-of-touch with voters, IMO, and older voters especially. Too many of us have been on the receiving end of his brand of capitalism. He seems like an earnest and pleasant guy, but I think his past will haunt him. That leaves Gingrich as the "inevitable" candidate and he has even more personal (and belt-way) baggage to be seriously considered in the general election.
Jan23-12, 05:33 PM   #106
 
Recognitions:
Gold Membership Gold Member
Can Romney survive tonight's debate? I generally don't watch these, but I may tonight.
Jan23-12, 05:38 PM   #107

Math 2012
 
Recognitions:
Science Advisor Science Advisor
There's an iinteresting take on this in an op-ed piece in today's Financial Times. Why is MR being so defensive about all this. He could be plugging the message "Sure I have a track record as a company turnround specialist, and that's exactly the skill set that is needed to downsize the bloat in Washington."

Why shouldn't that play well with what the FT describes as "the world's most capitalist poltical party"?

This could turn into a war of attrition between the anybody-but-MR and anybody-but-NG campaigns, and that won't do Obama any harm at all IMO.
Jan23-12, 05:41 PM   #108
 
Recognitions:
Gold Membership Gold Member
Quote by AlephZero View Post
This could turn into a war of attrition between the anybody-but-MR and anybody-but-NG campaigns, and that won't do Obama any harm at all IMO.
Not a bad analysis. Both have so much baggage and negatives that Obama can come out of this looking pretty good.
Jan23-12, 06:34 PM   #109
 
Recognitions:
Gold Membership Gold Member
Quote by Oltz View Post

http://mittromney.com/sites/default/...rowth-Full.pdf

59 Policy Proposals That Will Get America Back To Work
1. Maintain current tax rates on personal income
2. Maintain current tax rates on interest, dividends, and capital gains
3. Eliminate taxes for taxpayers with AGI below $200,000 on interest, dividends, and capital gains
4. Eliminate the death tax
5. Pursue a conservative overhaul of the tax system over the long term that includes lower,
flatter rates on a broader base
6. Reduce corporate income tax rate to 25 percent
7. Pursue transition from “worldwide” to “territorial” system for corporate taxation
8. Repeal Obamacare
9. Repeal Dodd-Frank and replace with streamlined, modern regulatory framework
10. Amend Sarbanes-Oxley to relieve mid-size companies from onerous requirements
11. Ensure that environmental laws properly account for cost in regulatory process
12 Provide multi-year lead times before companies must come into compliance with
onerous new environmental regulations
13. Initiate review and elimination of all Obama-era regulations that unduly burden the economy
14. Impose a regulatory cap of zero dollars on all federal agencies
15. Require congressional approval of all new “major” regulations
16. Reform legal liability system to prevent spurious litigation
17. Implement agreements with Colombia, Panama, and South Korea
18. Reinstate the president’s Trade Promotion Authority
19. Complete negotiations for the Trans-Pacific Partnership
20. Pursue new trade agreements with nations committed to free enterprise and open markets
21. Create the Reagan Economic Zone
22. Increase CBP resources to prevent the illegal entry of goods into our market
23. Increase USTR resources to pursue and support litigation against unfair trade practices
24. Use unilateral and multilateral punitive measures to deter unfair Chinese practices
25. Designate China a currency manipulator and impose countervailing duties
26. Discontinue U.S. government procurement from China until China commits to GPA
27. Establish fixed timetables for all resource development approvals
28. Create one-stop shop to streamline permitting process for approval of common activities
29. Implement fast-track procedures for companies with established safety records to conduct
pre-approved activities in pre-approved areas
30. Amend Clean Air Act to exclude carbon dioxide from its purview
31. Expand NRC capabilities for approval of additional nuclear reactor designs
32. Streamline NRC processes to ensure that licensing decisions for reactors on or adjacent to
approved sites, using approved designs, are complete within two years
33. Conduct comprehensive survey of America’s energy reserves
34. Open America’s energy reserves for development
35. Expand opportunities for U.S. resource developers to forge partnerships with neighboring countries
36 Support construction of pipelines to bring Canadian oil to the United States
37. Prevent overregulation of shale gas development and extraction
38 Concentrate alternative energy funding on basic research
39. Utilize long-term, apolitical funding mechanisms like ARPA-E for basic research
40. Appoint to the NLRB experienced individuals with respect for the rule of law
41. Amend NLRA to explicitly protect the right of business owners to allocate their capital as they see fit
42. Amend NLRA to guarantee the secret ballot in every union certification election
43. Amend NLRA to guarantee that all pre-election campaigns last at least one month
44. Support states in pursuing Right-to-Work laws
45. Prohibit the use for political purposes of funds automatically deducted from worker paychecks
46. Reverse executive orders issued by President Obama that tilt the playing field toward organized labor
47. Eliminate redundancy in federal retraining programs by consolidating programs and funding streams,
centering as much activity as possible in a single agency
48. Give states authority to manage retraining programs by block granting federal funds
49. Facilitate the creation of Personal Reemployment Accounts
50. Encourage greater private sector involvement in retraining programs
51. Raise visa caps for highly skilled workers
52. Grant permanent residency to eligible graduates with advanced degrees in math, science,
and engineering
53. Immediately cut non-security discretionary spending by 5 percent
54. Reform and restructure Medicaid as block grant to states
55. Align wages and benefits of government workers with market rates
56. Reduce federal workforce by 10 percent via attrition
57. Cap federal spending at 20 percent of GDP
58. Undertake fundamental restructuring of government programs and services
59. Pursue a Balanced Budget Amendment
Nice find Oltz, a pithy summary of his positions on everything that matters to him. If I could listen to a speech from each of the candidates like this addressing each item, I might be drawn into the political process, without it I am afraid that I will be a lurker at the fringe.

Off topic, RobD, every time I see your Avatar of Feynman, it reminds me of how much I miss him and how we need more great physicists like him. Thanks for the reminder.

Rhody...
Jan23-12, 06:46 PM   #110
Evo
 
Mentor
Blog Entries: 4
Quote by rhody View Post
Nice find Oltz, a pithy summary of his positions on everything that matters to him. If I could listen to a speech from each of the candidates like this addressing each item, I might be drawn into the political process, without it I am afraid that I will be a lurker at the fringe.
I can make a list too, anyone can, how will these be done and why, what are the pros and cons, and can or should they be done and how will each one of these supposedly help the mid to lower classes? Obviously I don't see a lot of these as being good for anyone but the rich and the business owners. Repeal the death tax? Yeah, that's going to help me...NOT.
For deaths occurring in 2011, up to $5,000,000 can be passed from an individual upon his or her death without incurring federal estate tax.[2]
How many members here are planning to inherit more than $5 million?

I personally disagree with half of that list.

http://en.wikipedia.org/wiki/Estate_..._United_States
Jan23-12, 07:12 PM   #111
 
Recognitions:
Gold Membership Gold Member
Quote by Evo View Post
I can make a list too, anyone can, how will these be done and why, what are the pros and cons, and can or should they be done and how will each one of these supposedly help the mid to lower classes? Obviously I don't see a lot of these as being good for anyone but the rich and the business owners. Repeal the death tax? Yeah, that's going to help me...NOT. How many members here are planning to inherit more than $5 million?

I personally disagree with half of that list.

http://en.wikipedia.org/wiki/Estate_..._United_States
Yeah some things on his list bother me too Evo. I have been to political rallies before, and I must say, no hard questions were asked. I felt cheated and a fool for playing the game and wasting my time, you know me by now, no BS kind of guy, who do what he says he will. I would make a horrible politician, I would offend everyone in some way or other.

Inherit 5 million ? Wouldn't that be nice...

Rhody...
Jan23-12, 07:58 PM   #112
 
Recognitions:
Gold Membership Gold Member
Quote by Evo View Post
I can make a list too, anyone can, how will these be done and why, what are the pros and cons, and can or should they be done and how will each one of these supposedly help the mid to lower classes?
It's easy to make bullet-point lists with no details. It's also easy for the "faithful" to fall in behind you and read their own wishes and preconceptions into each of the points. Until perceptive people start tearing apart that list and asking for details, Romney is off-the-hook as an "idea man". I'm not surprised that his list is so long and wide-ranging. Can't really hurt him in the debates.

Also, has anybody bothered to notice that the President can't legislate? He can propose and he can twist some arms or perhaps even offer to trade key administrative appointments for favorable legislative votes, but until a law comes across his desk, he has no real authority under the Constitution. He can sign, veto, or pocket.
Jan23-12, 08:36 PM   #113

Math 2012
 
Recognitions:
Science Advisor Science Advisor
Quote by turbo View Post
Also, has anybody bothered to notice that the President can't legislate?
Nah, you're never going to get elected that way. Only democrat presidents can't legislate, if you are a Republican.
Jan23-12, 09:00 PM   #114
 
Quote by Evo View Post
... I don't see a lot of these as being good for anyone but the rich and the business owners. ...
Yeah, Romney's definitely a status quo guy. Not that that's entirely bad. But it isn't particularly inspiring, and doesn't seem to offer any real improvements that would benefit the majority of Americans.

Romney's undoubtedly smart, a good family man, emotionally/behaviorally stable, and he doesn't "wear his religion on his sleeve". I think he'll win the GOP nomination primarily because people will find less to not like about him than the other GOP candidates.

But I predict that, wrt one on one debates with Obama, Romney will tend to project that shallow "used car salesman", political opportunist, pro-corporation, anti-populist sort of image, while Obama's rhetoric will again tend to inspire (even if Obama's disappointed a lot of people wrt his first term).
Jan24-12, 05:43 AM   #115
 
Mentor
Quote by Evo View Post
Do you have anything that shows it's not true?
Which part? The "another white collar criminal" part is quite a stretch from "most legally thorny", which is all the article says. I'd say gravennewworld has come nowhere close to the burden of proof required to make such a claim.
Jan24-12, 06:44 AM   #116
 
Quote by Evo View Post
I can make a list too, anyone can, how will these be done and why, what are the pros and cons, and can or should they be done and how will each one of these supposedly help the mid to lower classes? Obviously I don't see a lot of these as being good for anyone but the rich and the business owners. Repeal the death tax? Yeah, that's going to help me...NOT. How many members here are planning to inherit more than $5 million?

I personally disagree with half of that list.

http://en.wikipedia.org/wiki/Estate_..._United_States
Evo that is the Point right now you are taxed on ALL inheritance he (and many others) want to roll that up to 5 Million so when You inherit your 100K or whatever its yours with no tax bill as who ever earned it was already taxed on those earnings.

I know a fam ily who ran a Bakery they had roughly 2 Million in equipment and property involved in the bussiness. The Father passed suddenly and they litterally had to sell off a 30% intrest in the family bussness to pay the inheritance tax on the company or fold.

I do not know what your situation is you may inherit debt but if you have any real amount of money in your future rolling the death tax up to 5 Million is for you.
Jan24-12, 08:51 AM   #117
 
Quote by Rob D View Post
Hello...Occam here...could it be because it isn't true?
When I say I never heard about it, I mean the fraud that was committed, not Romney's involvement or non-involvement in it. Then again, management kept us in the dark about most things as they ran the company into the ground.
Jan24-12, 03:14 PM   #118
 
Quote by turbo View Post
^ People who have been around long enough to see companies destroyed when their pension funds were supposedly "overfunded" and were taken over, and lost their jobs due to predatory tactics used by "venture" capitalists may never be persuaded to pull the lever for Mitt. He is out-of-touch with voters, IMO, and older voters especially. Too many of us have been on the receiving end of his brand of capitalism. He seems like an earnest and pleasant guy, but I think his past will haunt him. That leaves Gingrich as the "inevitable" candidate and he has even more personal (and belt-way) baggage to be seriously considered in the general election.
Private equity isn't all about vulture capitalism. Vulturing is one type of private equity, but there are others. What is interesting is that one would think that if Romney was of the vulture sort of capitalist, he would have been fully prepared to handle any such attack on his background in that sense.

And if he is not the vulture capitalist, one would think he would still be prepared as his opponents will try to make him out to be the vulture type. He needs to point out that in the process of turning certain companies around, you sometimes have to fire people to prevent the whole company from going under. This is exactly what President Obama did with GM and Chrysler to save them. People got laid off, dealerships were closed, but it was to save the companies (well actually the auto unions really I think) from going under.

It really is strange, the GOP were practically given this election, but I feel they are handing it over on a silver platter to the Democratic party simply on the basis of having such horrible candidates.
Jan24-12, 06:49 PM   #119
Evo
 
Mentor
Blog Entries: 4
Quote by mheslep View Post
On the tax question I think Romney should say,

"I paid $3 million in taxes in 2010."

In answer to follow up questions about percentages, he should say,

"I paid $3 million in taxes in 2010. I gave away another $3 million in charitable donations in 2010"
of which half actually went to the incredibly wealthy Mormon Church, not really a charity, IMO, but did lower his taxes.

http://nbcpolitics.msnbc.msn.com/_ne...eveal-and-omit

http://news.yahoo.com/blogs/ticket/m...135129751.html
Thread Closed
Thread Tools


Similar Threads for: Mitt Romney's candidacy
Thread Forum Replies
Ron Paul's candidacy Current Events 578