Old 09-04-2012, 06:07 AM
  #6  
roadkill2
Senior Member
RACING JUNKIE
 
Join Date: Jan 2012
Posts: 628
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I'm gonna stick my nose in here and correct a mistaken notion, probably gained by watching one two many of Obama's/Axelrod's 30 second sound bites . . .

While Romney has about as much charisma as a library full of statistics, he didn't make money by "Closing and Bankrupting" businesses. Bain Capital was a "Venture Investment Company" who went in and invested in businesses and gave them the capital needed to grow into successful corporations. Most of the businesses that Bain assisted are still functioning and successful, Staples and Sports Authority being just two of many. (although in this economic climate, how much longer might be debatable)

Those that failed, generally failed after being stood up financially, sold to other investment companies and then mismanaged into bankruptcy. And, Bain did have their number of failures also. Not all of those companies they invested in were good ideas or financially viable . .

Before jumping off into the bog of rumor and negative campaigning, go to "Bain Capital, the history of" and get the facts . .

On the "Rich get Richer" . . Hell yes they do, why else would they invest in businesses and companies that put people to work? The Liberals tell you that Romney paid only 14% on his income last year, but that 14% came to a bottom line that was more than the total incomes of all who have posted here (Unless one of you is a Multimillionare). And we won't talk about the taxes the Corporations he gets his income from pays . . Nor the jobs created by those businesses.

If you take 100% of the money the top 1% make in income, you won't get enough revenue to pay for the operation of the Federal Government for five days . . . So that piece of class warfare is pure bullshit.

Federal revenue comes from a working (and spending) middle class, but you can only tax them so much. We cannot afford to give all of those who choose not to work (or can't) a "Middle Class Standard of Living", and we cannot afford to give 30 million more people in this country free medical care at the expense of those who paid for it and will receive less . .

And that's just a start on the things this country cannot afford. We cannot continue to borrow money from China, but worse (and more) we cannot continue to borrow money from our great grandchildren. In the last two years, the Obama Administration and Ben Bernanke have borrowed six times as much money from the treasury department than they have from China (By continuing to print dollars) which your kids, grand kids and their kids will have to pay back . . This is the nightmare your current administration and Congress is creating for the country . . .

So while Mitt Romney and Paul Ryan aren't the most charismatic people in the world, they can add and subtract, something neither Obama or the current Congress seem to be able to do . . .
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