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Thread: Everthing about Romney !

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    Join Date
    Jun 2010
    Greenville, SC
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    Default Everthing about Romney !

    Romney's web site:


    NYT " A quantum theory of Mitt Romney"

    It's humorous, but provides very little factual basis for it's criticism.


    New York Post article claiming that Romney's Bain captial is Parasitic Capitalism of the worst order!

    Bain reduced Dade's research and development spending to 6 to 7 percent of sales, while its peers allocated between 10 and 15 percent. Dade in June 1999 used the savings as part of the basis to borrow $421 million. Dade then turned around and used $365 million from the loan to buy shares from its owners, giving them a 4.3 times return on their investment.

    In August 2002, Dade filed for bankruptcy.

    IN Bill Black terminology, this is "control fraud".

    Romney was mentioned in Grant's recent fed speech as a beneficiary of low interest rates:

    But note, please, that the suppression of interest rates and the conjuring of liquidity set in motion waves of speculative lending and borrowing. This artificially induced activity serves to lift the prices of a favored class of asset—houses, for instance, or Mitt Romney's portfolio of leveraged companies.

    He was also mentioned recently in passing by EJ, in a rather negative passage:

    How to choose between a Speaker of the House who presided over a budget surplus financed with equity bubble capital gains taxes and a governor who made his fortune levering up corporations and selling them with debt-laden balance sheets that later caused many of the firms to fail?


    Romney's new website is quite different from the 2008 version. On that one, the first thing you saw was a world mapwith red dots where all the terrorists were. It was total paranoia!

    His rational idea was to set a $40 floor on oil prices. How quaint!
    Last edited by Polish_Silver; 05-02-12 at 07:23 AM. Reason: update
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