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walrus
Wind up workin' in a gas station
Re: Elections 2012: You must choose the lesser of two weevils
Pretty tough concept, isn't it?
Re: Elections 2012: You must choose the lesser of two weevils
I wonder when we'll see The Mittster and W campaigning together. I mean, what could possibly be wrong with that?
I wonder when we'll see The Mittster and W campaigning together. I mean, what could possibly be wrong with that?
Kepler
Cornell Big Red
Re: Elections 2012: You must choose the lesser of two weevils
Can Mitt decline the penalty?
Kepler
Cornell Big Red
Re: Elections 2012: You must choose the lesser of two weevils
These guys aren't capitalists, Fresh, they're just predators. They don't make anything anybody wants. They just gamble with other people's lives. They're scum.
Yes. Yes we will.
These guys aren't capitalists, Fresh, they're just predators. They don't make anything anybody wants. They just gamble with other people's lives. They're scum.
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Re: Elections 2012: You must choose the lesser of two weevils
That endorsement will play well in the Maldives.
That endorsement will play well in the Maldives.
ScoobyDoo
NPC
Re: Elections 2012: You must choose the lesser of two weevils
As opposed to collecting unemployment benefits?
As opposed to collecting unemployment benefits?
Re: Elections 2012: You must choose the lesser of two weevils
The ladies of the chorale are in fine voice today. Who's got the pitchpipe?
The ladies of the chorale are in fine voice today. Who's got the pitchpipe?
ScoobyDoo
NPC
Re: Elections 2012: You must choose the lesser of two weevils
Just wanted to thank you for reminding me again and again how hopeless everything really is.
Just wanted to thank you for reminding me again and again how hopeless everything really is.
Re: Elections 2012: You must choose the lesser of two weevils
I get the same feeling every time you cough up a hairball.
I get the same feeling every time you cough up a hairball.
walrus
Wind up workin' in a gas station
Re: Elections 2012: You must choose the lesser of two weevils
No wonder Obama is paying attention to JP Morgan,
http://news.yahoo.com/blogs/ticket/obama-financial-forms-show-big-jp-morgan-account-213119081.html
No wonder Obama is paying attention to JP Morgan,
http://news.yahoo.com/blogs/ticket/obama-financial-forms-show-big-jp-morgan-account-213119081.html
Re: Elections 2012: You must choose the lesser of two weevils
And in the "best state in the union," the fun continues. It gets worse everyday for Fauxcahontas. Now the Boston Globe, her ardent supporter, has to admit that she's (wait for it) NOT AN INDIAN IN ANY WAY SHAPE OR FORM. And that they relied on phoney or non existant documents when they rushed into print defending her. 'Course this admission came buried on the corrections page, where none but the most sharp eyed types would notice. Oh well, maybe I can find a good recipe for corn pudding in my dog eared copy of "Pow Wow Chow."
http://freebeacon.com/warren-not-a-native-american/
And in the "best state in the union," the fun continues. It gets worse everyday for Fauxcahontas. Now the Boston Globe, her ardent supporter, has to admit that she's (wait for it) NOT AN INDIAN IN ANY WAY SHAPE OR FORM. And that they relied on phoney or non existant documents when they rushed into print defending her. 'Course this admission came buried on the corrections page, where none but the most sharp eyed types would notice. Oh well, maybe I can find a good recipe for corn pudding in my dog eared copy of "Pow Wow Chow."
http://freebeacon.com/warren-not-a-native-american/
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Kepler
Cornell Big Red
Re: Elections 2012: You must choose the lesser of two weevils
This is not the Socialist I was looking for.
Considering all his financial people are from JPM, I'm shocked.
This is not the Socialist I was looking for.
Ask the Mayans.
Re: Elections 2012: You must choose the lesser of two weevils
Funny thing to say, coming from someone who defends evolution by natural selection against creationsim elsewhere...and I thought you knew something about statistics as well!
When people support positions I support yet use dopey reasons I challenge them, because I don't want their nonsense to pollute the receptivity others might have for "my" positions if they hear the "dopey" reasons first and close their minds, so that their minds become inaccessible to better reasoning afterward.
Pretend for a minute you are running a cancer treatment center. People who already have cancer in the first place are the only ones who come to you. Some of them die. Shall we excoriate you for the heartless way you take people's money to provide treatment, yet the treatment failed? or do we look at the additional longevity you provide these people, even though they did die, do we look at the palliative care you provided, do we look at those people who did respond to treatment and now have cancer in remission? how would you evaluate a cancer treatment center anyway?
Private equity isn't much different. Private equity firms select companies that are already in trouble, and try to turn them around. If the company wasn't in trouble to begin with, they wouldn't be in play. Some of these companies fail anyway; yet many of them either remain in business longer than they otherwise would have, or they completely succeed. The ones that remain in business longer than they would have otherwise, generally provide a transition period for the employees to find work elsewhere that they would not have had otherwise.
Statistically, then, the "deck is stacked" against the private equity firm....they do not start with any old regular company, they start with troubled companies, and no one is 100% successful all the time. A steel company failed? how shocking....a textile firm failed....really? name one US-based textile firm that survived. It's easy to cherry-pick the extreme outliers and pile on. How about a balanced assessment across the entire portfolio? Sorry, it doesn't fit our political agenda, and so we'll merely take the most egregious failure and pretend that it's representative, while the other side will take the most spectacular success and pretend that it is representative, and we'll merely reinforce our existing beliefs and learn nothing useful whatsoever when it comes to policy prescriptions.
It's not only the companies that are "turned around" by private equity that save or create jobs, it also is all the additional incremental jobs in the supply chain and the shipping companies as well. Staples alone created hundreds of thousands of incremental extra jobs, yet we won't hear much about that.
So, sorry, your judgment that these people are scum carries about as much weight as it would if you were ranting about all the cancer deaths that occur at a cancer treatment center. You can be morally outraged over superficial, deliberately slanted statistics while knowing little about the overall picture.
Funny thing to say, coming from someone who defends evolution by natural selection against creationsim elsewhere...and I thought you knew something about statistics as well!
When people support positions I support yet use dopey reasons I challenge them, because I don't want their nonsense to pollute the receptivity others might have for "my" positions if they hear the "dopey" reasons first and close their minds, so that their minds become inaccessible to better reasoning afterward.
Pretend for a minute you are running a cancer treatment center. People who already have cancer in the first place are the only ones who come to you. Some of them die. Shall we excoriate you for the heartless way you take people's money to provide treatment, yet the treatment failed? or do we look at the additional longevity you provide these people, even though they did die, do we look at the palliative care you provided, do we look at those people who did respond to treatment and now have cancer in remission? how would you evaluate a cancer treatment center anyway?
Private equity isn't much different. Private equity firms select companies that are already in trouble, and try to turn them around. If the company wasn't in trouble to begin with, they wouldn't be in play. Some of these companies fail anyway; yet many of them either remain in business longer than they otherwise would have, or they completely succeed. The ones that remain in business longer than they would have otherwise, generally provide a transition period for the employees to find work elsewhere that they would not have had otherwise.
Statistically, then, the "deck is stacked" against the private equity firm....they do not start with any old regular company, they start with troubled companies, and no one is 100% successful all the time. A steel company failed? how shocking....a textile firm failed....really? name one US-based textile firm that survived. It's easy to cherry-pick the extreme outliers and pile on. How about a balanced assessment across the entire portfolio? Sorry, it doesn't fit our political agenda, and so we'll merely take the most egregious failure and pretend that it's representative, while the other side will take the most spectacular success and pretend that it is representative, and we'll merely reinforce our existing beliefs and learn nothing useful whatsoever when it comes to policy prescriptions.
It's not only the companies that are "turned around" by private equity that save or create jobs, it also is all the additional incremental jobs in the supply chain and the shipping companies as well. Staples alone created hundreds of thousands of incremental extra jobs, yet we won't hear much about that.
So, sorry, your judgment that these people are scum carries about as much weight as it would if you were ranting about all the cancer deaths that occur at a cancer treatment center. You can be morally outraged over superficial, deliberately slanted statistics while knowing little about the overall picture.
Re: Elections 2012: You must choose the lesser of two weevils
This is fine in la-la land. The problem which the Obama campaign is going to drive home often is that its not simply a choice between saving a company going under by cutting some jobs to save the rest of them. The issue is do you make 20M dollars by sending the jobs to China vs 10M by keeping the jobs in the US. Mitt Romney as head of Bain capital would choose the 20M, because that maximizes the return to his shareholders. Great, but is he going to campaign in Ohio on that? Best of luck. The bottom line is, there is no good response. The qualities that made Romney a fine CEO of a private equity company would make him a terrible President. Simply put, and this is a point far too many a conservative doesn't understand, but outsourcing US jobs to China does not benefit the US economy.
PS - As far as textiles go, Joseph Abboud makes their mens suits and pants out of a factory in New Bedford, MA. Company is doing well and the quality is top notch. Check it out and as always, buy American whenever you get the chance.
This is fine in la-la land. The problem which the Obama campaign is going to drive home often is that its not simply a choice between saving a company going under by cutting some jobs to save the rest of them. The issue is do you make 20M dollars by sending the jobs to China vs 10M by keeping the jobs in the US. Mitt Romney as head of Bain capital would choose the 20M, because that maximizes the return to his shareholders. Great, but is he going to campaign in Ohio on that? Best of luck. The bottom line is, there is no good response. The qualities that made Romney a fine CEO of a private equity company would make him a terrible President. Simply put, and this is a point far too many a conservative doesn't understand, but outsourcing US jobs to China does not benefit the US economy.
PS - As far as textiles go, Joseph Abboud makes their mens suits and pants out of a factory in New Bedford, MA. Company is doing well and the quality is top notch. Check it out and as always, buy American whenever you get the chance.
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Re: Elections 2012: You must choose the lesser of two weevils
No thanks. He sounds Muslin.
No thanks. He sounds Muslin.
Re: Elections 2012: You must choose the lesser of two weevils
I always thought that was a funny inconsistency with some folks. They swear by natural selection/evolution in one area, saying nothing else could be on the table, but in other places they rail against anything looking remotely like natural selection.
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