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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Joe NYC who wrote (125207)	10/26/2012 12:39:59 PM
From: Sr K	1 Recommendation Respond to of 149317

On what basis is he a turnaround specialist? LBOs are not about turnarounds. They are about leveraging assets and taking out dividends and playing a heads I win tails you lose game. It's very similar to buying stocks on margin. When it works, it works great. But when you testify that a company is overpriced or fully-priced so a friend can squeeze out an ex-wife, and months later the company is worth 200 million more, she has a good argument that she was deprived of $100 million. When you see turnaround specialist, others see scam artist.

To: Joe NYC who wrote (125207)	10/26/2012 12:47:16 PM
From: RetiredNow	Read Replies (4) \| Respond to of 149317

Joe, my father lived in a country that turned Communist. He fled that country to come live here. I was born here. I often talk to him about life in his former country as it was turning Communist and he talk a lot about all the signs and steps that were taken bit by bit, as the Communists took over. The other thing we talk a lot about is the differences between Socialism and Communism. Ideologically, they are the same. They believe in Collectivism and Statism. The only difference is that Communists of decades ago, who believed in violent removal of other political forces, have started to disappear. In their place, are the Social Democrats, who believe in the facade of voting Democracies, but want a massive government state that controls every aspect of people's lives and creates a society of averages, rather than one where the peaks and valleys are determined by individual effort. The ultimate problem with Socialism is that it fails, EVERY TIME. The programs and policies they put in place are never sustainable, mostly relying on Ponzi-like devices to fool most of the people for long enough time. Free markets and individual freedoms will always trump Collectivism and Statism every time. The world we live in today has become increasingly unstable and dangerous. The common theme you hear today is that Capitalism is to blame. But nothing could be further from the truth. The root causes are the increasing encroachment of failed Statist ideologies, coupled with weak enforcement of laws and regulations already on the books. Socialism has crept into just about every aspect of our economy. The most pernicious and least understood is the Socialism of the Fed, which acts to destroy the wealth of the majority of Americans to redistribute it to the top 1% and the politicians in power. This is Socialism in its most naked form. Did you know that Keynes was a well-known Socialist and that he was a principle designer of the IMF and World Bank charters? No wonder those institutions have such a terrible record of propping up Dictators all in the avowed claim of helping the common man in those countries. Those institutions are a giant transfer of wealth from developed nations to Dictators in developing nations. It's a joke. The triumph of Socialism is its marketing. They have successfully inculcated an entire world with the idea that Socialism will lift the masses and make rich people pay their fair share, while convincing everyone that Socialism is really nothing more than an Enlightened and Evolved form of Capitalism. At the end of the day, Socialism is theft. It rests on the simple premise that it is ok to steal from one person to give to another. It then expands on that premise to doing it on a massive scale, through government deficit spending, debasement of the currency, and laws and regulations designed to benefit the biggest of the banks and corporations, while strangling the vital access to capital among the 99% of Americans and the small businesses who's viability depend upon it. We're in a real pickle. When no one believes in Capitalism anymore, then what hope is there? I fear we're just doomed to watch helplessly from the sidelines, regardless of who's elected, as this once great country gets marginalized. Fast or slow, it all seems inevitable now. Our only hope is that a new generation is coming of age now, who believes in decentralization as the key to Freedom and Capitalism. That this new generation having been raised on the power of a decentralizing force like the Internet, viscerally understands the inherent dangers of Centralized Economic Planning, Collectivism, Statism, and Socialism. Perhaps they have it within them to turn this Titanic around, before we lose the things our Founders and the Greatest Generation fought for.

To: Joe NYC who wrote (125207)	10/26/2012 12:49:53 PM
From: ChinuSFO	2 Recommendations Respond to of 149317

The turnaround specialist Mitt Romney. The turnaround I see in Romney is his changing stands. Is that what you mean by turnaround. To me a turnaround is where you see something that is destined to fail and the turnaround saves it. If Romney is a turnaround specialist, then I don't understand how is it he failed to turnaround those that failed but made Bain money anyway. If that is what a President Romney would do is that let as many people get unemployed and close down factories and ship jobs overseas "because of profits", then sure American workers would not be able to compete with low cost labor. Is their President supposed to champion for them? GM is an example of a turnaround. Now GM is even expanding overseas. TESLA, a car redesigned to run on the energy of the future is an example of another turnaround. You cannot be a turnaround artist when you count the strength of the navy by the number of battleships and not the sophistication of the technology. This is the age of remotely guided missiles and not horses and bayonets. That is the fundamental difference between Obama and Romney. And people are beginning to see that. Or else the election would not have been this tight with unemployment so high.