Bain Capital shipping more jobs overseas

[DAN_BRONCO_FAN]

Originally Posted by Blart

Workers in SEZ's make 10 cents an hour.

Please tell me the tax rate that will allow factories to be more profitable here. Give me a real, hard number, rounded to the nearest integer. Thanks.

why dont they give them a incentive to stay in the USA maybe a tax break per how many employees they hire or something 4 bucks a hour be ok

[lonestar]

Originally Posted by Jetmeck

yOUR ARE AN IGNORANT WOMAN.

In what reality do you live in that shipping jobs overseas iS a good idea ?

Don't deflect to Clinton WHO IS NOT RUNNING FOR PRESIDENT.

And you are that dumbjackass that is the symbol of your beloved party.

An angry ass that could not be civil to anyone that does not worship your party leader.

Sad.

[nyuk nyuk]

Originally Posted by lonestar

And you are that dumbjackass that is the symbol of your beloved party.

An angry ass that could not be civil to anyone that does not worship your party leader.

Sad.

These are the same clowns that like to tar their opponents as hate-driven and hysterical. The level of self-delusion is amazing. He isn't the only one doing it here, either, and I've yet to see one of our liberal posters tell these nutters to can it.

[DAN_BRONCO_FAN]

ok ill simplify this
obama been president for 4 years jobs going over seas multiple scandals and ya only harp on mit not working with this bane crap company and if you dont like jobs going over seas out of the usa why aint you b****in to hollywood

[DAN_BRONCO_FAN]

people died from his screw up in Libya and his lil screw up fast and furious and yalls turn a blind eye to that wtf

[nyuk nyuk]

Originally Posted by DAN_BRONCO_FAN

why dont they give them a incentive to stay in the USA maybe a tax break per how many employees they hire or something 4 bucks a hour be ok

That brings up another problem.

Many companies and even industries (meatpacking and construction) have decided to cast their lot with illegal labor so they bounce out Americans and at their job sites you only find illegal aliens.

Of course the Democrats cry RACIST when it comes to enforcing immigration law, and while these 12,000,000 illegal aliens take those jobs that these 12,000,000 unemployed Americans need, the Democratic party has the audacity to claim they are "pro-worker."

It was CONSERVATIVE REPUBLICANS in 2007 that led opposition to stop the Bush clown circus from forcing amnesty down our throats. The Dems were in bed with him the whole time, crying it DIDN'T LET ENOUGH PEOPLE IN.

[DAN_BRONCO_FAN]

and forcing companies to stay in the usa is very American leaving too is but yalls buy stuff made elsewhere so companies will continue

[Blart]

Originally Posted by DAN_BRONCO_FAN

why dont they give them a incentive to stay in the USA maybe a tax break per how many employees they hire or something 4 bucks a hour be ok

Here's the problem:

For every product produced in a SEZ, there is an American company getting a tax deduction.

US companies are so good at deducting taxes, in fact, that over 2/3rds of Corporations pay 0% income tax. ZERO. You can't go lower than that.


If you don't think it's fair that corporations get tax breaks for moving jobs overseas - please tell your own party. They're blocking any attempt to change the rules.



The logical conclusion of global trade is this: The jobs go to the lowest bidder. Period.

If you want American jobs, you either regulate global trade, or you reduce us to the lowest bidder.

[DAN_BRONCO_FAN]

Originally Posted by Blart

Here's the problem:

For every product produced in a SEZ, there is an American company getting a tax deduction.

US companies are so good at deducting taxes, in fact, that over 2/3rds of Corporations pay 0% income tax. ZERO. You can't go lower than that.


If you don't think it's fair that corporations get tax breaks for moving jobs overseas - please tell your own party. They're blocking any attempt to change the rules.



The logical conclusion of global trade is this: The jobs go to the lowest bidder. Period.

If you want American jobs, you either regulate global trade, or you reduce us to the lowest bidder.

so who was in the white house for 4 years it wasn't Romney and also he had democrats in congress and again people buy the lowers price merchandise will u make that illegal

[Blart]

Originally Posted by DAN_BRONCO_FAN

so who was in the white house for 4 years it wasn't Romney and also he had democrats in congress and again people buy the lowers price merchandise will u make that illegal

Obama wants to remove tax deductions when companies move jobs overseas.

Romney has not proposed a solution.

What solution do you propose?

Personally I'd look at successful countries with low unemployment, high wages, and good industry, and copy what they do.

[DAN_BRONCO_FAN]

Originally Posted by Blart

Obama wants to remove tax deductions when companies move jobs overseas.

Romney has not proposed a solution.

What solution do you propose?

Personally I'd look at successful countries with low unemployment, high wages, and good industry, and copy what they do.

so who was the president these past 4 years what about fast and the furious what about the Libya debacle . i dont care i want obama out of the white house no more scandal after scandal no more blaming bush over and over . i want my own hope and change
i know romney isnt perfect but he is a hell alot better than obama how is making what 50k a year that much rich and what about these high gas prices what about him trying to ruin the coal mining industry

[Blart]

You don't have a solution for the jobs moving overseas? I was hoping to hear one.

Originally Posted by DAN_BRONCO_FAN

so who was the president these past 4 years what about fast and the furious what about the Libya debacle . i dont care i want obama out of the white house no more scandal after scandal no more blaming bush over and over . i want my own hope and change
i know romney isnt perfect but he is a hell alot better than obama how is making what 50k a year that much rich and what about these high gas prices what about him trying to ruin the coal mining industry

He's done some good things. Obamacare isn't perfect, but it reduces the deficit and it's better than what we have. The stimulus was a moderate success, the auto industry was saved, and he started two fewer wars than Bush.

Can you please explain what you mean when you say, "he is a hell alot better than obama how is making what 50k a year that much rich" - I don't understand.

[Dexter]

Originally Posted by Blart

You don't have a solution for the jobs moving overseas? I was hoping to hear one.



He's done some good things. Obamacare isn't perfect, but it reduces the deficit and it's better than what we have. The stimulus was a huge success, the auto industry was saved, and he started two fewer wars than Bush.

Can you please explain what you mean when you say, "he is a hell alot better than obama how is making what 50k a year that much rich" - I don't understand.

Don't bother. If a guy can't write one coherent sentence of his own, chances are he's not going to be able to read and respond to several made by someone else.

Not to mention, its hard to argue with a hypocrite. He isn't afraid to blame one president for the Libya "debacle" but doesn't want the Bush administration to be blamed for any of the mistakes they made.

Remember who was in office during one of the most devastating and tragic attacks on American soil? Remember who was in office when two wars were started and thousands of Americans soldiers were wounded or lost their lives? Let's not put any responsibility on the Bush administration or any of the Republicans right?! But as soon as something bad happens under the Obama administration lets blame him for being so inept! Clearly the reason behind the conflict is as simple as Obama being president right?

Nothing that happens should be all on one president. That includes 2 wars and 9/11 under Bush. As well as this Libya thing with Obama. Nor should Obama get all the credit for killing Bin Laden. **** just isn't that simple. No matter how much people want it to be.

[barryr]

For liberals, saving the auto business means the government in control of it. Yeah, they will be much better in wasteful spending just like the banks owned by the government. Bottom line is Obama wants to make America weaker so they are no longer a super power, which means all of out standard of living going down, yes, even yours liberals.

[Blart]

Originally Posted by barryr

For liberals, saving the auto business means the government in control of it. Yeah, they will be much better in wasteful spending just like the banks owned by the government. Bottom line is Obama wants to make America weaker so they are no longer a super power, which means all of out standard of living going down, yes, even yours liberals.

The only state-owned bank in the USA is doing very well, actually. It was posting record profits and giving loans to small business during the recession:

http://www.motherjones.com/mojo/2009...vy-wall-street

The state does not own any auto manufacturers, to my knowledge.

[TonyR]

David Stockman on Romney and Bain:

Mitt Romney was not a businessman; he was a master financial speculator who bought, sold, flipped, and stripped businesses. He did not build enterprises the old-fashioned way—out of inspiration, perspiration, and a long slog in the free market fostering a new product, service, or process of production. Instead, he spent his 15 years raising debt in prodigious amounts on Wall Street so that Bain could purchase the pots and pans and castoffs of corporate America, leverage them to the hilt, gussy them up as reborn “roll-ups,” and then deliver them back to Wall Street for resale—the faster the better.

That is the modus operandi of the leveraged-buyout business, and in an honest free-market economy, there wouldn’t be much scope for it because it creates little of economic value. But we have a rigged system—a regime of crony capitalism—where the tax code heavily favors debt and capital gains, and the central bank purposefully enables rampant speculation by propping up the price of financial assets and battering down the cost of leveraged finance.

So the vast outpouring of LBOs in recent decades has been the consequence of bad policy, not the product of capitalist enterprise. I know this from 17 years of experience doing leveraged buyouts at one of the pioneering private-equity houses, Blackstone, and then my own firm. I know the pitfalls of private equity. The whole business was about maximizing debt, extracting cash, cutting head counts, skimping on capital spending, outsourcing production, and dressing up the deal for the earliest, highest-profit exit possible. Occasionally, we did invest in genuine growth companies, but without cheap debt and deep tax subsidies, most deals would not make economic sense.

In truth, LBOs are capitalism’s natural undertakers—vulture investors who feed on failing businesses. Due to bad policy, however, they have now become monsters of the financial midway that strip-mine cash from healthy businesses and recycle it mostly to the top 1 percent.

http://www.thedailybeast.com/newswee...ain-drain.html

Hat tip to: http://andrewsullivan.thedailybeast....peculator.html

[Arkie]

Originally Posted by Jetmeck

tAX RATES WOULD GO BACK TO WHAT THEY WERE TEN YEARS WHEN THE ECONOMY WAS BOOMING. jUST SHUT UP

The biggest economic boom happened after the civil war, 1865-1900. The longest continuous boom was from 1991-2001. The most recent example was from 11/2001 to 12/2007. Home ownership reached it's peak in 2006.

[Rohirrim]

Originally Posted by TonyR

David Stockman on Romney and Bain:

http://www.thedailybeast.com/newswee...ain-drain.html

Hat tip to: http://andrewsullivan.thedailybeast....peculator.html

Too bad the main stream media isn't informing people of this despicable garbage that is bringing down our country. Where are all the free marketeers now?

[Rohirrim]

Originally Posted by Arkie

The biggest economic boom happened after the civil war, 1865-1900. The longest continuous boom was from 1991-2001. The most recent example was from 11/2001 to 12/2007. Home ownership reached it's peak in 2006.

There is such a thing as a bubble, based on market shenanigans and illegitimate business practices, and then there is sustainable growth, based on strong fundamentals and prudent business. The growth after WWII was the latter. The housing market was the former.

[Play2win]

Originally Posted by DAN_BRONCO_FAN

ok ill simplify this
obama been president for 4 years jobs going over seas multiple scandals and ya only harp on mit not working with this bane crap company and if you dont like jobs going over seas out of the usa why aint you b****in to hollywood

George W Bush.

[DAN_BRONCO_FAN]

Originally Posted by Blart

Obama wants to remove tax deductions when companies move jobs overseas.

Romney has not proposed a solution.

What solution do you propose?

Personally I'd look at successful countries with low unemployment, high wages, and good industry, and copy what they do.

but who been the president for 4 years already why hasnt he done anything why should we keep him for 4 more

[barryr]

Originally Posted by DAN_BRONCO_FAN

but who been the president for 4 years already why hasnt he done anything why should we keep him for 4 more

Obama had 4 years to get a budget and had 2 of them with a democrats controlling both Houses and did diddly. Instead, he spent the time getting a healthcare bill shoved down everyone's throats with no attempt to get republicans on board, made sweetheart deals for some democrats who balked at first, and didn't show the public what was being passed despite promising when he ran that all bills would be shown to the public before passage or veto. Heck, even geniuses like Pelosi had to "vote to see what was in it" so even members in Congress, all democrats, were voting for something they didn't even know what all was in the bill. Great stuff happening in DC. That's some "change."

[L.A. BRONCOS FAN]

It's becoming more clear why barryr and other right-wing sociopaths defend Bain...

Profits off Cancer Victims
Romney and Bain found a way




Link

In early 2012, reports circulated detailing some of the profit-centered entitlement raids that occurred at Bain Capital under Romney. The Mesothelioma Cancer Alliance became intrigued when asbestos industry defendants appeared on a list of these types of corporate liquidations and commissioned a three-month investigation of the company’s handling of GS Industries through journalist, Gary Cohn. What we uncovered is the true human tragedy of collateral damage stemming from this profit model. We found a community affected by decades of toxic exposure, gasping for breath while picking up the pieces among an uncertain future.