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That's what the current president is doing, isn't it? Following the same flawed demand side economics that led us into the forest of debt to begin with? Not only following it, he's actually running through the forest with nary a look at the compass to tell him where he's at.Raees wrote: I see. So you'd want to follow the one who led you in there and got you lost in the forest in the first place. That's using your noggin'.
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Democracy4Sale wrote: You mean the RMoney that took Massachusetts from 36th to 47th in job creation? And who added $500 million in new taxes (by calling it "fees"?) And left the state with $1 billion in NEW DEBT? And didn't run for a second term because his approval ratings were so low he knew he couldn't be reelected?...You meant THAT RMoney?
Yeah, sounds like he knows how to deal with "hard problems"... Just suck up the money, and leave it for someone else to cleanup.
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http://www.buzzfeed.com/andrewkaczynski ... ssachusett24 Fees Mitt Romney Tried To Raise In Massachusetts
1. A Fee on the Blind
2. A Fee for the Mentally Handicapped
3. A Fee for Having Tuberculosis
4. A Fee on Volunteer Firefighters and EMTs
5. A Fee for Golfing
6. A Fee for Cremating the Dead
7. A Fee for Prison Phone Calls
8. A Fee for Driving Permits
9. Romney Quadrupled Gun Fees
10. A Fee on Cottages
11. A Fee on Ice Skaters
12. A Fee for Barbers
13. A Fee on Hairdressers
14. A Fee on Nurses
15. A Fee on Pharmacists
16. A Fee on Plumbers.
17. A Fee on Psychologists
18. A Fee on Realtors
19. A Fee on Home Inspectors
20. A Fee on Auto Repair Shops
21. A Fee for Divorce
22. A Fee for Changing Your Name
23. A Fee on Milk
24. A Fee on Funeral Directors
http://www.businessweek.com/ap/2012-07- ... n-mass-dotRuling threatens Romney's 'no tax' record in Mass.
BOSTON (AP) — As governor, Mitt Romney raised hundreds of millions of dollars in new and higher fees to help Massachusetts close a looming budget gap — all the while seeking to preserve a no-new-tax record as he eyed a run for president.
Now, the Supreme Court decision that upheld President Barack Obama's 2010 health care law is threatening to unravel Romney's no-tax claim, even as it hands the GOP a rallying cry in the presidential contest.
At issue is whether the so-called "individual mandate" at the core of both the federal law signed by Obama and the 2006 state law signed by Romney is a penalty or a tax. The mandate requires everyone who can afford insurance to have it or face what Massachusetts officials have called a penalty.
In the 5-4 decision, Chief Justice John Roberts said the mandate could be considered a tax and was therefore constitutional.
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Democracy4Sale wrote: So, we can continue to trade Googled potshots at each other...
1) Do you really think you are going to change anybody's mind about who to vote for?
2) You still don't have anything other than "He's the 'Not-Obama'..."
Thanks for playing...
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Democracy4Sale wrote: Romney has experience with loading up failing business with debt (that others are responsible for), sucking out the money, making money for his buddies, breaking contracts, and shoving the employees out the door, and saddling the U.S. Government (read: taxpayers) with the money required to cover the Pensions he raided, (under the Federal Pension Protection Act)...
Give me a break...
I think I'll wear my button tomorrow that says "Ask me how many homes I own?"
"In Romney's world, the cars get the elevator, the workers get the shaft." -- Jennifer Granholm
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RenegadeCJ wrote: How did he raid pensions? Isn't that illegal? Or do you mean the pensions disappeared for the defunct businesses?
Bain froze the workers’ pension benefits and converted them from a defined benefit plan, in which employees were entitled to 75% of the average of their last three years’ salaries, to a cash-balance plan in which they would get a lump sum equal to what they were owed in 1999. Workers were furious. They threatened to sue, but never went through with the lawsuit because they were fearful of losing their jobs. Dade saved $10 to $40 million with this stratagem. The very month Dade did the conversion, it used the projected savings as the basis to borrow $421 million placing Dade in even more debt.
The result was that Dade paid Bain and its partner, Goldman Sachs, the entire amount as a dividend. Bain and Goldman had only put down $81 million to buy the company in the first place. Yet, in June 1999 they received $365 million from the dividend—a gain of 4.3 times their initial investment. Consequently, Dade’s debt more then doubled to $871 million in order to make this huge payment to Bain and Goldman.
Romney had left operational management of Bain that year, though his disclosures show that he owned 16.5 percent of the Bain partnership responsible for the Dade investment until at least 2001. In order to make their loan payments, Dade had to cut not only R&D but also the core of the company. It sold off assets and fired workers. Nevertheless, the whole thing came crashing down in 2002 when Dade filed for bankruptcy protection. It was the end of Bain’s and Goldman’s involvement with Dade. They had looted the entire company, raided the pension fund, albeit indirectly, and caused mega job losses. They had ruined a previously successful company.
Nevertheless, Romney could turn around calmly, face the cameras and proclaim himself a “successful businessman” for having made hundreds of millions of dollars for himself and his investors. Bain and Goldman had made a $280 million profit on an investment of only $85 million. Is this what America is all about? Is this what freedom consists of? Romney seems to think so.
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