posted October 20, 2012 05:11 PM            

Interesting that the book comes out in Oct?

Or predictable that the O's waited- held it, like a forehand winner @ wimbledon?

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posted October 21, 2012 10:23 AM            

Get your red hot bullshiiit on sale now at Nation Magazine..or is it "The Sewer Magazine"? The latter comes closer to the truth.

So what's the truth about Romney's so called investment windfall from the auto bailouts?

Well, it sure isn't close to the way "The Sewer" tells the story.

These leftist raqs only get away with making outrageous accusations because of the ignorance of their readers who know so little about most things they will believe anything. And, they're predisposed to believe anything negative about Romney because Romney is wiping up the floor with their little Marxist Messiah, O'Bomber.

Now, here's the truth. Mitt Romney didn't invest a penny in Delphi. All of Romney's and his wife's investments are managed by a Blind Trust and have been since before Romney ran for president in 2008.

Of course, you have to actually know something to know what a "Blind Trust" is and is not.

Get back to me when you find out what a "Blind Trust" is and you understand why neither Romney or his wife made any investment decisions about investing in Delphi.

Oh, and here's another hot flash for the usual suspects.

Romney opposed the auto bailouts and said..let them go through an organized bankruptcy..just like other troubled corporations do...to save them.

Romney was RIGHT and guess what? GM and Chrysler did go through organized bankruptcy proceedings.

Got that usual suspects? Both GM and Chrysler filed for and underwent organized bankruptcies. But not before having tens of billions of taxpayer money thrown at them which will never be fully recovered. In GMs case, those bailouts exceed $30 Billion...and they still had to file for bankruptcy.

So, Romney was right and your little Marxist Messiah O'Bomber was wrong and continues to lie about what the real issue was in Romney's opposition. It was the bailouts...which utterly failed to stabilize General Motors and Chrysler. The proof that the bailouts failed is found in the fact GM and Chrysler had to file for bankruptcy.

posted October 21, 2012 10:31 AM            

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Passion, Lust, Desire. Check out my journal

posted October 21, 2012 06:16 PM            

to me that is a ridiculous invention. what good is money if it is not used to invest in things you believe in? would you continue with a blind trust that invested in the USSR? how about if it invested in the sale of dead foeti from late abortions?

posted October 21, 2012 09:33 PM            

So katatonic, you're now off the nonsense that Romney and/or his wife made direct investments in Delphi...which they didn't...and your fall back position is that even though they didn't, the blind trust manager of Romney investments did but Romney is somehow still at fault..blah, blah, blah, because Romney knew what his blind trust manager was investing their money in! One of those investments the blind trust manager bought for the Romney's was Delphi which got a $3 Billion bailout from the government.

You show an incredible lack of knowledge katatonic.

First about "blind trusts". These trusts are typically set up for politicians to prevent even the hint of conflict of interest or influence on the part of politicians and therefore, the holders of blind trusts don't tell their blind trust managers to purchase or not purchase a damned thing.

Second katatonic, if Romney knew their money was invested in Delphi...as you claim...and still opposed the bailouts, then Romney was arguing directly against his own best financial interests by opposing the bailouts. Get it katatonic?

That makes Mitt Romney exactly the kind of rich dude you're always talking about wanting. Someone who doesn't put his own financial interests over the interests of the people.

And katatonic, Romney most certainly did oppose the auto bailouts and did so vigorously. And katatonic, as it turned out, Romney was RIGHT. The auto companies should not have been bailed out with taxpayer money because their problems weren't lack of operating capital. Their problems were structural. They later filed bankruptcy anyway because the bailouts didn't work to stabilize their companies. In the meantime, taxpayers pumped more than $30 billion into GM alone.

So you have Romney arguing against the bailouts and in direct opposition to his own financial interests since his blind trust manager had Romney money invested in Delphi which got $3 billing in bailout money..which Romney opposed.

Oh, but guess who else profited from the bailouts of the auto companies! And unlike Mitt Romney who argued against the bailouts, this person argued for the bailouts and profited personally from the government's actions.

In case you want to know who did that katatonic; his name is Barack Hussein O'Bomber!

Obama Benefited Financially from the Auto Bailout
Oct 19, 2012
DANIEL HALPER

Earlier today, the Obama campaign pushed around a story that they claimed proved Mitt Romney "was against the auto bailout...but personally [benefited] from it."

"Today, [deputy campaign manger Stephanie] Cutter and the Obama campaign were pushing an article in The Nation saying that Romney -who opposed bailing out the auto industry as carried out by Obama - actually made $15.3 million from the bailout through a $1 million investment with a hedge fund firm that put cash into GM supplier Delphi," the Columbus Dispatch reports. "'He was against the auto bailout...but personally [benefited] from it,' Cutter said, calling that 'hypocrisy.' 'It’s just an example of what’s good for good for Mitt Romney might not be good for everybody else. He plays by a different set of rules.'"

But Cutter did not mention how Obama himself financially benefited from the federally financed auto bailout he supported.

Obama, from his time as an Illinois state senator, is invested in the Illinois pension fund. Obama has between $50,000-$100,000 invested in the Illinois General Assembly Defined Pension Benefit Plan, according to financial disclosure forms.

And that pension fund is invested in the Delphi Corporation:

Delphi, a company that Obama's own financial investments support, received money federal money from the auto bailout--about $3 billion.

As the Detroit News reported, "Some retirees will lose up to 65 percent of benefits. Salaried retirees are expected to lose an estimated $400 million, PBGC has said. The federal government allowed GM to use nearly $3 billion of taxpayer funds to help Delphi exit from bankruptcy and let GM reacquire part of its former parts unit, which it has since resold."

So while Romney seems to have benefited by investments made by the controller of his blind trust (Romney does not control his investments) from a policy he opposed, President Obama pretty clearly financially benefited from policies that he supported.
http://www.weeklystandard.com/blogs/obama-benefited-financially-auto-bailout_655001.ht ml

posted October 22, 2012 08:23 AM            

Even Jimmy Carter, the worst president in history, loved this country unlike the Traitor in Chief we have now.

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Passion, Lust, Desire. Check out my journal

posted October 22, 2012 12:16 PM            

quote:

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If Romney were elected president, the campaign has already conceded that he would need to have a stricter blind trust with an outside firm running the money, instead of a close adviser. http://www.npr.org/blogs/money/2012/07/20/157119003/just-how-blind-are-blind-trusts-anyway

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From: http://www.linda-goodman.com/ubb/Forum26/HTML/001442-5.html

posted October 22, 2012 02:36 PM            

Usual suspects...still trying to make absurd arguments which belie facts and this in an attempt to tar Romney who is mopping up the floor with their little Marxist Messiah, O'Bomber.

And, it didn't escape my attention that none of the usual suspects had anything to say about O'Bomber benefiting from the auto bailouts....while, unlike Romney, O'Bomber was all for it..and benefited financially from the bailouts.

posted October 23, 2012 09:42 AM            

Since he isn't doing that, it simply doesn't matter a tinker's damn WHO is making investment decisions about Romney's investments.

You acoustic..and other usual suspects would benefit from a tutorial on "Blind Trusts".

posted October 23, 2012 04:38 PM            

quote:

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You acoustic..and other usual suspects would benefit from a tutorial on "Blind Trusts".

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Said the man misrepresenting blind trusts...

quote:

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Hahaha, and I noticed you studiously avoided the subject of O'Bomber being FOR the auto bailouts AND BENEFITING financially from those bailouts.

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posted October 24, 2012 11:34 AM            

I'm afraid a tutorial on "Blind Trusts" would do you little good acoustic. You would first have to be able to read with comprehension and that would require you to have a sufficient vocabulary to permit you to understand what you're reading.

You lack both so continue in your little leftist cocoon of ignorance.

posted October 24, 2012 01:09 PM            

Do you want to take a poll on how many people have seen it reported that Mitt Romney's campaign has admitted that it will have to significantly change it's blind trust if he wins the Presidency?

posted November 01, 2012 02:10 PM            

oh, those workers who lost their jobs? not the bailouts doing at all it seems...

nor is romney's (or ann's) blind trust very blind.

posted November 01, 2012 05:05 PM            

The UAW..the organization who benefited by O'Bomber's illegal meddling into the judicial proceedings...bankruptcy of GM by giving the UAW more than 30% of General Motors without a legal leg to stand on...is making a totally unfounded allegation against O'Bomber's opponent.

Wow, now that's news. It has the further benefit of carrying all the weight of a gnat too.

We're all very impressed.

Maybe after O'Bomber is thrown out of the White House on his butt on January 20th, 2013, he...along with his union buds and attorneys who did the meddling which stripped 20,000 Delphi retirees of their pensions will be hauled before a federal grand jury to explain why stealing those pension funds to fund the UAW's piece of GM wasn't outright theft.

posted November 02, 2012 03:31 PM            

quote:

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Singer, whom Fortune magazine calls a “passionate defender of the 1%,” has carved out a specialty investing in distressed firms and distressed nations, which he does by buying up their debt for pennies on the dollar and then demanding payment in full. This so-called “vulture investor” received $58 million on Peruvian debt that he snapped up for $11.4 million, and $90 million on Congolese debt that he bought for a mere $20 million. In the process, he’s built one of the largest private equity firms in the nation, and over decades he’s racked up an unusually high average return on investments of 14 percent.

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THIS is america????

posted November 02, 2012 09:25 PM            

- Why does any president get to selectively divert funds away from schools, research, infrastructure to whimsical businesses that didnt even run a single day prior to the investment?

Now the was a a not so BLIND but stupid move on Obama.

How did he know the success graph and potential of that company? If he didnt know then how did he take all that taxpayer money, especially in a situation where the economy is in shambles and the country as well as numerous citizens are in debt, and decide to invest it into a no name company?

It was because the people that donated to his election in 2008 were the same people that were associated with solyndra.... Obamas advisors were associated with solyndra.

So basically, the democrats thought that it was logical in this dire situation to toss what money we barely have on hand aimlessly, without foresight.

posted November 02, 2012 10:22 PM            

quote:

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Originally posted by katatonic:
you're so right, dreaming, our taxpayer money should only be given to those companies that are making record profits, you know, safe bets like GE, monsanto, big oil...?

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Lord are you trying to be sarcastic and uninformed at the same time?

GE was a company that Obama supported. You have got to be kidding...

The government needs to invest FAIRLY in the research and development NOT on the businesses themselves. So lets not put words in my mouth. I never said that Obama should have invested in ANY company. Stop assuming I am for big oil companies; I am not. I guess it is easier to jump to conclusions and defend a failing stance than to sit down and reflect for one moment the chance that you could be absolutely and ridiculously incorrect.

If the government took the money and first invested in infrastructure then in education then in innovation we would have no room to invest in a single business. We could just invest in the R&D aspect of certain tech. We dont need to invest in the company.

Let me make it simple for you.
If I wanted this country to be in the cutting edge of cupcake tech....as president I would ask that we develop funds after I paid for the infrastructure, education for this sort of tech.

I would not however jump the gun and pay for Michelle;s Cupcake Heaven shop and say that I did the right thing. What about Bob;s Cupcake shop? Or Jill;s cupcake shop? Is this fair for me to just randomly pick one over another.

What if I knew Michelle? Would it be ok for me to pick her over the others? What if Michelle didnt even have a shop before I spoke to her? Would it be ok to spend money on her assuming that she would be successful?

Right that is what Obama did with Solyndra and his other flop investments. Rather than invest in the innovation, R&D. He signed a check over to a no name because he knew Obama. The company went bankrupt. You dont think that the money in the process exchanged hands under the table before hte bankruptcy??