Thanks for admitting you too would like to be a capitalist pig.

From humble beginnings, I (and spouse/partner) have reached a place where I have about 1.5 mil in hard assets (real estate, farm land, precious metals); and another 2.5 mil in paper (bonds, currency futures, equities). We are small time players in the grand scheme yet we are debt free. I have no problem with the vultures who pick the bones of failed companies and produce a leaner, profitable enterprise. Can you provide evidence that Bain/Romney have committed a crime?

attack on bain is just soviet/nazi class warfare of the Marxists. don’t even bother trying to label them exactly, realize that the action is not excused by the justification (especially premeditated).

they borrow a bit here, a bit there, take the best of both… amplify what works.. use what didn’t work as a weapon rather than an attempt to a better outcome.

i would take some time and see how many laws and items from that period have been created and implemented to the SAME END by a different road (so people wont recognize the way to the slaughter house).

years ago i pointed this stuff out, and while i could not detail methods that would come, i did detail that since its parallel in many ways (filtered by what is possible without reprisal and negation of the whole), everything that could be done WAS being done.

Examining leaves, we could not identify the pattern of trees in the forest…

we have a redistribution law of the sea going in… dumbing down in school to redistribute wealth to competing countries whose political systems do not allow full competition. nationalization by other names, licensing as control with permits too.

but more telling is to understand the laws that are now taking shape are copies of laws that took shape when the SAME CONDITIONS were created (whether accidentally or not is of no consequence. Sir Alexander Fleming first dish was an accident, Eli Lilli penicillin is not. does it matter?)

prior to these events, you can look back on neos blog and see people arguing that they would not happen, then when they did, they ignored it, and argued distractions. (something that a reader of CS Lewis would understand its subtlety)

i pointed out that the way it started was not the way it ended, and the icons that people identify with it all, are what came LATER, not what came first. that the murder of Jews came LATER, but the genocide started earlier in the same kinds of policies we have here (Lemkin the inventor points it out clearly that redistributing wealth, abortion, unequal access to school, unequal access to capital, school loans, and more… are all TOGETHER a form of genocide if a selected scapegoat group is not permitted access. ergo 283 million people had fewer children than 83-100 million. makes sense of you realize this inequity of access results in that one group denuding itself of a future)

Affirmative action was what Volk got and Jews and others disaffected didn’t. Disparate impact gave the state access to the businesses of Jews and others, and so could tell them how to do business and who could. the SBA gives so many perks from taxes everyone pays, that one group who is not allowed to get it back, cant start businesses or compete (And so banks ignore them).

well… now lets go after those who “get it” when others wont.. like in Germany they are leaving… from college students attempting to go to China, Hong Kong, Singapore, Taiwan rather than stay here… the best are leaving – a BRAIN DRAIN…. whats taking their place are illegal aliens and those who cant read but get enough social services to have 15 kids.
[edited for length by n-n]

TARP, of course, was less than capitalism, but then, we all accept basic regulation which prevents monopoly. So, government involvement is not ruled out as a rule.

TARP was the only bipartisan event of the 2007 “recession” and the only fairly successful one. Of course, I don’t agree with “too big to fail” or bailing out failure and think the whole thing was wrong. But the top managers, including Romney, need our involvement because they cannot withstand the urgency of the situation. It is inconceivable to them that the financial markets should fail. I don’t think so. Let them fail. There will be an available alternative. That they cannot envision such is due to their close involvement.

And we are still receiving the effect of their decision. If the consequences had been allowed to rip through the market, lessons would have been learned and corrections made. Instead, we have what we have: Ongoing battle that prevents correction and continued recession.

I blame Romney for this, but less than most, and he will be faced with fixing inflation, easy money, unemployment, and foreign markets. That should be enough to ensure his education because the continuing economic malaise is ensured and will, eventually, if he is elected, be his to explain. His is no position to be envied. If he is elected President, his next term is not assured.

I do apologize for calling you weird. However, it was meant as a compliment. We need weird.

I have a Gadsden Flag and Palin’s Facebook feed. I missed the most recent TEA Party meeting because I was doing something for my local GOP.

Now that I’ve out-credentialed you, please explain how TARP was the pure form of capitalism. Tell us all how Bain’s capturing of loan guarantees and local subsidies was anything other than crony capitalism? Tell me how we can give Mitt capitalist props for an Olympics that has its own section of protections in the United States Code.

This is the guy you want to “hire” as POTUS? Why not dig up Albert Speer and get somebody who has experience running an entire national economy.

I wish I had the connections and the drive to be on the Bain team. I would love to be rich like that. And I would have no personal moral or ethical problem looking at a cash flow statement and deciding some assets must be liquidated. Nor would I have a problem seeking funding for complementary acquisitions.

I might have some hesitation over loading a company with debt so my firm could get paid, but we’ll take that on a case-by-case basis.

All of these operations are within the law. One of the problems is that the law is written to benefit certain classes and interests. That’s the crony problem that Mitt doesn’t seem to recognize, or has justified over the course of his career.

The other problem is that those who use leverage think they’re creating wealth, but they’re just capturing the new debt-money issued by the FedRes through its agents. Mitt’s tenure at BainCap coincided with a monetary inflation of debt-money through equity markets. Today’s version of Rmoney would be writing college loans, collecting the underwriting fees, and thinking he was a business genius.

Mitt can’t see the problem I am pointing to, probably because he’s a business consultant and a finance guy. He’s not an economist. I find his claims of knowing how to create jobs just as ludicrous as Obama claiming the oceans would fall.

Swapping a charismatic Keynesian for a technocratic Keynesian is a fool’s trade.

Hear, HEAR! Preach it, Brother Curtis! 🙂

I read/hear what you are saying/typing but think you are missing the point. (However, I could be completely wrong. Its happened a few times.) Yes, Romney is a flawed human being. A part of the club that encompasses the real 99%. That said, I find nothing to chastise about the dealings of Bain. Dog eat dog and may the smartest dog prevail.

How ugly, how egregiouis, how overwhelmingly wrong is GE’s and all the rest who have sold America “down the river” into slavery and socialism for not money, but power and security. Captialism demands risk and the bastards who crony, like the Mafia thugs who rule Russia, seek to establish a rigged game which removes risk, therefore, merit, therefore, hardwork, therefore, talent, therefore, intelligence, therefore, all that really goes into creating wealth. Our affirmative action President knows well crony capitalism.