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Can The President, who was Educated by Avowed Marxists Understand a Free Market Economy?
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Government & Elections
Can The President, who was Educated by Avowed Marxists Understand a Free Market Economy?
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Watching the commercial about how Bain Capital has destroyed jobs, makes one wonder if Obama has any understanding of how our economy works. First off, the purpose of private equity firms is to find s
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Cat:d51398b3-89f9-463d-bf1b-4b885f02c9eeForum:af978875-5bc6-4b07-a6fb-b18062132f95Discussion:98815309-c4c8-4c5c-8203-b6bb4931802b
Forums » Politics & Society » Government & Elections » Can The President, who was Educated by Avowed Marxists Understand a Free Market Economy?
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Can The President, who was Educated by Avowed Marxists Understand a Free Market Economy?
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Can The President, who was Educated by Avowed Marxists Understand a Free Market Economy?
posted at May 23, 2012 6:17 PM EDT
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Posts: 483
First: December 21, 2011 Last: June 6, 2013 |
Watching the commercial about how Bain Capital has destroyed jobs, makes one wonder if Obama has any understanding of how our economy works. First off, the purpose of private equity firms is to find struggling businesses and turn them around. Bain had a 78% success rate. Staples, Dominoes pizza, Burger King and the Sports Authority are among their success stories.Basically, the first thing that's done is replacing top management with more effective management. Much capital is then poured in and investors are encouraged to participate. The company cited in the obasma ad was a steel company at a time when the US steel industry was in decline. Bain worked with them for 8 years. The reason the company finally failed was because its union refused to make concessions- they would rather not work than make concessions on pension and healthcare. BTW, Romney wasn't with Bain when the company failed. Considering obama's record when it comes to Solyndra and all the other "green" energy companies that we supported with billions, he has nothing to talk about. |
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Re: Can The President, who was Educated by Avowed Marxists Understand a Free Market Economy?
posted at May 23, 2012 8:02 PM EDT
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Posts: 12549
First: February 29, 2008 Last: June 16, 2013 |
David Wren, McClatchy Newspapers: "Boston-based Bain Capital LLC more than doubled its money on GS Industries Inc. - the former parent company of Georgetown Steel - under Mitt Romney's leadership in the 1990s, even as the steel manufacturer went on to cut more than 1,750 jobs, shuttered a division that had been around for 100 years and eventually sank into bankruptcy." That's a success story ? Here's another ---- Romney directed Damon Clinical Laboratories during the time when it racked up $35,000,000 in CRIMINAL FINES for MEDICARE FRAUD, plus subsequently had to make $87,000,000 in restitution for fraudulent billing. Want one more ? Massachusetts was one of just four states that by the time of the financial crisis still had not recovered all the jobs they had lost during the 2001 recession. And, as Romney’s opponents have pointed out, the state ranked 47th in job creation during his term. ( Wash Post) Marxism is not located anywhere on a spectrum and attempts to implement the use of the term has simply created an ugly and shallow imitation of conservatism at its worst. This sort of mockery of conscience has become systematic and commonplace. This Romney--talk doesn’t sound anything like the President Obama who many of us have come to know and criticize. After all, this is the guy who got at the top Wall Street bankers and told them that he was the only thing standing between them and the pitchforks. And, according to Ron Suskind, he assured them that he would hold his ground. Romney’s complaint involves President Obama’s occasional references to "fat cats," plus the core of the Romney argument is that President Obama wants to raise the tax rate on high-income taxpayers back to the level of the Clinton years. Calling this sort of tax increase a redistribution that leads to equal outcomes regardless of individual effort and success is just nonsense. |
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Re: Can The President, who was Educated by Avowed Marxists Understand a Free Market Economy?
posted at May 23, 2012 8:09 PM EDT
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Posts: 12549
First: February 29, 2008 Last: June 16, 2013 |
In Response to Can The President, who was Educated by Avowed Marxists Understand a Free Market Economy?: Watching the commercial about how Bain Capital has destroyed jobs, makes one wonder if Obama has any understanding of how our economy works. First off, the purpose of private equity firms is to find struggling businesses and turn them around. Bain had a 78% success rate. Staples, Dominoes pizza, Burger King and the Sports Authority are among their success stories.Basically, the first thing that's done is replacing top management with more effective management. Much capital is then poured in and investors are encouraged to participate. The company cited in the obasma ad was a steel company at a time when the US steel industry was in decline. Bain worked with them for 8 years. The reason the company finally failed was because its union refused to make concessions- they would rather not work than make concessions on pension and healthcare. BTW, Romney wasn't with Bain when the company failed. Considering obama's record when it comes to Solyndra and all the other "green" energy companies that we supported with billions, he has nothing to talk about. Posted by Labrat64 Solyndra is all you have--??? Because they really tried to do something about jobs.....where the republcans have said NO to everything. ....they don't even TRY. !! If Romney wasn't with BAIN he was responsible for the company's collapse. We don't need an unpatriotic dude in the White House that HIDES money in the Caymens and Swiss Banks so he doesn't have to pay taxes. Forget it !!! |
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Re: Can The President, who was Educated by Avowed Marxists Understand a Free Market Economy?
posted at May 23, 2012 8:29 PM EDT
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Posts: 11
First: May 23, 2012 Last: May 29, 2012 |
In Response to RE: Can The President, who was Educated by Avowed Markists, etc. Please tell us who these "avowed Marxists" are. I assume you have a complete history of the Presidents education and the Markists institutions he attended. Please be so kind as to share this valuable information with us. |
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Re: Can The President, who was Educated by Avowed Marxists Understand a Free Market Economy?
posted at May 23, 2012 8:38 PM EDT
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Posts: 11
First: May 23, 2012 Last: May 29, 2012 |
Really sick & tired of hearing/seeing unfounded, incorrect statements made about the President. If the previous poster believes that what Mr. Romney has supported is a "Free Market Economy " he is sadly mistaken. The economy Mr. Romney supported had only one aim....to make him wealthy. |
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Re: Can The President, who was Educated by Avowed Marxists Understand a Free Market Economy?
posted at May 24, 2012 7:53 AM EDT
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Posts: 483
First: December 21, 2011 Last: June 6, 2013 |
I repeat: Bain Capital had a 78% success rate. Obama's use of billions of our tax dollars to support "green" energy is an utter failure. Remember all those "green" jobs that were promised? How'd he do on them? The percentage of Americans that are currently employed is at the lowest level that its been in the last 30 years. But then again, why should you work when you can be on the government dole? Between the the leftist stooges appointed by obama to the EPA and NLRB businesses cannot operate or hire new personnel. Obamacare provisions has raised the level of uncertainty yet further. Companies will not hire because of its onerous provisions. Read "Dreams of my Father" if you wish to know how marxist professors influenced Obama's views. |
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Re: Can The President, who was Educated by Avowed Marxists Understand a Free Market Economy?
posted at May 24, 2012 9:39 AM EDT
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Posts: 11
First: May 23, 2012 Last: May 29, 2012 |
I have read President Obama's book. I asked for your specific information on his "Marxist education". Based on your reply I fear you are merely parroting something you heard and do not have any specific proof that his education was "Marxist". By the way,. would you mind defining your understanding of "Marxist"? That's a very vague statement and could cover a multitude of social or political ideas. As to your statement that Bain Capital had a 78% success rate,of course it did...but only for Mr. Romney and his associates. And that should be an alarming fact to you, unless you were one of his lucky investors. The rest of your response shows an alarming lack of knowledge about why people are unemployed. Not because they enjoy the "dole" but because every idea advanced to Congress has been blocked by a single plan...to make President Obama a "one term president", not to help American workers. He inherited a country sliding into depression and has so far and despite the Congress, managed to lower the unemployment rate and could do more with a little cooperation. From the terms you use, "leftist, stooge, Marxist", it sounds like you're fighting a battle that ended back in the days of the "Cold War". Try to bring your ideas into this century and see the progress our country has made. I do hate labels that are so outdated. |
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Re: Can The President, who was Educated by Avowed Marxists Understand a Free Market Economy?
posted at May 24, 2012 10:47 AM EDT
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Posts: 12549
First: February 29, 2008 Last: June 16, 2013 |
In Response to Re: Can The President, who was Educated by Avowed Marxists Understand a Free Market Economy?: Really sick & tired of hearing/seeing unfounded, incorrect statements made about the President. If the previous poster believes that what Mr. Romney has supported is a "Free Market Economy " he is sadly mistaken. The economy Mr. Romney supported had only one aim....to make him wealthy. Posted by EVEzJeep This is the most misinformed public of all times. There used to be a preventative measure against lies in the media. Fairness Doctrine was a law that said if you present a statement by one party on your radio, television or newspaper, you had to GIVE equal time to the target or competitor person to rebut. The GOP shot that one down and have been fighting the re-establishment of that law ever since. It would be the end of FOX. |
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Re: Can The President, who was Educated by Avowed Marxists Understand a Free Market Economy?
posted at May 24, 2012 12:48 PM EDT
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Posts: 11
First: May 23, 2012 Last: May 29, 2012 |
In Response to Re: Can The President, who was Educated by Avowed Marxists Understand a Free Market Economy?: In Response to Re: Can The President, who was Educated by Avowed Marxists Understand a Free Market Economy? : This is the most misinformed public of all times. There used to be a preventative measure against lies in the media. Fairness Doctrine was a law that said if you present a statement by one party on your radio, television or newspaper, you had to GIVE equal time to the target or competitor person to rebut. The GOP shot that one down and have been fighting the re-establishment of that law ever since. It would be the end of FOX. Posted by JANMB Thank you JANMB ,I agree completely! I believe a recent survey of news information providers (NPR, CNN, CBS, etc) showed that folks who only watched Fox News were the most ill informed. They are spoon fed a combination of lies and carefully crafted statements and, having nothing to compare it with, believe all they hear. How sad! It is so necessary to be well informed on subjects that will have a tremendous effect on your life. Fox News is not really news at all but merely statements of one point of view. |
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Re: Can The President, who was Educated by Avowed Marxists Understand a Free Market Economy?
posted at May 24, 2012 12:57 PM EDT
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Posts: 483
First: December 21, 2011 Last: June 6, 2013 |
IBain Capital turned around 78% of the companies. Of course they made a profit in doing so. Realize that the companies Bain dealt with were about to go belly up. Obama mentions his Marxist leanings in his book. Ever hear of Bill Ayres? An incidental fac, someone is more likely to take action when you light a fire under him .People faced with only a few weeks of remaining unemployment coverage, tend to find jobs quickly. BTW, how interested do you think the OWS crowd is in seeking employment? They would much rather have the government pay for their healthcare, housing, education and everything else. That, my friend is SOCIALISM. Response to Re: Can The President, who was Educated by Avowed Marxists Understand a Free Market Economy?: I have read President Obama's book. I asked for your specific information on his "Marxist education". Based on your reply I fear you are merely parroting something you heard and do not have any specific proof that his education was "Marxist". By the way,. would you mind defining your understanding of "Marxist"? That's a very vague statement and could cover a multitude of social or political ideas. As to your statement that Bain Capital had a 78% success rate,of course it did...but only for Mr. Romney and his associates. And that should be an alarming fact to you, unless you were one of his lucky investors. The rest of your response shows an alarming lack of knowledge about why people are unemployed. Not because they enjoy the "dole" but because every idea advanced to Congress has been blocked by a single plan...to make President Obama a "one term president", not to help American workers. He inherited a country sliding into depression and has so far and despite the Congress, managed to lower the unemployment rate and could do more with a little cooperation. From the terms you use, "leftist, stooge, Marxist", it sounds like you're fighting a battle that ended back in the days of the "Cold War". Try to bring your ideas into this century and see the progress our country has made. I do hate labels that are so outdated. Posted by EVEzJeep |
Forums » Politics & Society » Government & Elections » Can The President, who was Educated by Avowed Marxists Understand a Free Market Economy?
