GOP'ish candidates

ila · #1 01-05-2012

Quote:

Originally Posted by smc

I am no defender of Obama, as I have made clear in post after post. But this notion that Obama is personally and directly responsible for the loss of jobs is ridiculous and hardly even merits serious discussion...

Then do you also agree that it's also ridiculous to blame George W. Bush for job losses that occured during his terms?

smc · #2 01-05-2012

Quote:

Originally Posted by ila

Then do you also agree that it's also ridiculous to blame George W. Bush for job losses that occured during his terms?

Job losses can be attributed in part to the policies of presidents. Presidents of both parties have enabled the offshoring of jobs. Clinton presided over NAFTA, a huge job-killer in the United States. Bush's policies (easing or ignoring regulation of the financial markets, allowing for the casino environment from which the world has suffered) that helped lead to the financial system collapse in September 2008 contributed to job losses, to be sure. Obama's failure to pass a stimulus plan with a real job-creation component and that was much, much larger than what he did get also contributed. But in no case are the associated job losses the direct blame of any president. They are the result of a system propped up through collusion by both major parties, a system that puts profits before people, and rewards profit making even when it comes at the direct expense of people.

ila · #3 01-05-2012

Quote:

Originally Posted by smc

Job losses can be attributed in part to the policies of presidents. Presidents of both parties have enabled the offshoring of jobs. Clinton presided over NAFTA, a huge job-killer in the United States. Bush's policies (easing or ignoring regulation of the financial markets, allowing for the casino environment from which the world has suffered) that helped lead to the financial system collapse in September 2008 contributed to job losses, to be sure. Obama's failure to pass a stimulus plan with a real job-creation component and that was much, much larger than what he did get also contributed. But in no case are the associated job losses the direct blame of any president. They are the result of a system propped up through collusion by both major parties, a system that puts profits before people, and rewards profit making even when it comes at the direct expense of people.

That's the answer that I was looking for. I would think, though, that the financial collapse was the result of policies put into effect long before either Bush Jr took office. I would also suggest that no administration did anything to correct those policies.

smc · #4 01-05-2012

Quote:

Originally Posted by ila

That's the answer that I was looking for. I would think, though, that the financial collapse was the result of policies put into effect long before either Bush Jr took office. I would also suggest that no administration did anything to correct those policies.

The deregulation of the financial markets began, in earnest, with the repeal of provisions of the Glass?Steagall Act via the Gramm?Leach?Bliley Act in 1999. Clinton was president. Bush Jr. accelerated the process. This is why I continue to make the point that both major parties -- which serve the interests of the monied class -- are the political architects of the current situation. Obama brought into his administration the very people who started all this crap under Clinton, including Lawrence Summers.

paladin68 · #5 01-11-2012

Quote:

Originally Posted by ila

Then do you also agree that it's also ridiculous to blame George W. Bush for job losses that occured during his terms?

Only if they are rational, my friend.

smc · #6 01-12-2012

There's a great Letter to the Editor in today's issue of The Boston Globe:

I have seen Mitt Romney?s former company, Bain Capital, referred to as "vulture capitalists.?" I don?t think that?s accurate.

Vultures, at least, wait until something is dead before profiting from it by killing, eviscertaing, and consuming it. This comparison is unfair to vultures.

Hey, Jen, I thought you might get a particular kick out of it!

transjen · #7 01-15-2012

Quote:

Originally Posted by smc

There's a great Letter to the Editor in today's issue of The Boston Globe:

I have seen Mitt Romney’s former company, Bain Capital, referred to as "vulture capitalists.’" I don’t think that’s accurate.

Vultures, at least, wait until something is dead before profiting from it by killing, eviscertaing, and consuming it. This comparison is unfair to vultures.

Hey, Jen, I thought you might get a particular kick out of it!

While i'm not surpised to hear that Mitt profitted from doing away with jobs what i do find surpising is to hear these charges from his own party

After all this is what the GOP fight and stand for the rich getting richer and the midclass becoming the new poor
Mitt is so full of it when he claims Bain was in business to make jobs
WHAT A LOAD OF CRAP Bain was in busness for Mitt and his partners to make money by gutting companies and taking the profits and run
and now the GOP is blasting Newt and Perry for attacking Mitt on his suscess
Mitt's and the rest of the GOP agenda is for a race to the bottom
low pay jobs no workers rights no rules turn the clock back to the days of the robber barons

Jerseygirl Jen