Tag Archives: Newt Gingrich

Romney’s Bain

I am an uncompromising history fanatic and some call me an expert, but I prefer to say I am one who seeks the truth. While we live in an era when so much history is being made we should be excited for the time in which we live. Last week, for example, we witnessed the Supreme Court’s affirmation of the president’s signature legislation the health-care law the Good Ol’ Boys call Obamacare. This was the most profound piece of legislation since the “New Deal”.

So let’s talk about Romney and his past. He started and built the venture capital and asset-management firm which was nothing more than a money-making machine. So what’s wrong with that? Well Bain Capital is a company that doesn’t and has never made anything; it invests. It spots trends, looks at promising companies tapping into those trends and then stakes its capital on improving a company, using Bain’s sector and financial experts to, as they say, help company’s get over a capital shortage or help it expand.

The companies that Bain identified and invested in, and not in a small way, while Romney was at the helm, were Microsoft, Stream Global Services, ModusLink, and StatsChipPac. These companies are now among the biggest outsourcing companies in the world, with call centers, factories and facilities, mostly in Asia, but also across the globe, that support U.S. high-tech companies. The mission of these companies was to help big U.S. companies outsource and offshore. And let me add that this strategy was and is designed to support a low wage business model.

Even his own Republican cohorts like Newt Gingrich said: “The Bain model is to go in at a very low price, borrow an immense amount of money, pay Bain an immense amount of money and leave. I’ll let you decide if that’s really good capitalism. I think that’s exploitation.” Then slick Rick of Texas said: “There is something inherently wrong when getting rich off failure and sticking it to someone else is how you do your business. I happen to think that that is indefensible.”

So if he can be eaten by his own, who by the way does not appear to think much of his thinking, raise the issue – then why can’t President Obama raise the issue? Frankly, the president should have done so during the debate on financial regulatory reform. I should say there’s nothing inherently wrong with private equity, which plays an important role in the economy. Let me add that there’s nothing wrong with wealth and those who risk their capital in private-equity ventures should be rewarded when those deals pay off.

Romney himself acknowledges that the free markets need rules and regulations in order to function and we know certain dealings are prohibited and should be criminal like insider trading. So it is reasonable to ask whether some highly leveraged buyout deals, of the kind that Bain and other private-equity firms often conduct, should fall into the same thumb-on-the-scale category as insider trading.

Suppose a company is failing and appears beyond rescue. Suppose a private-equity firm buys the company with borrowed money, burdens it with more debt, and then spends the next few years firing workers, selling assets, eliminating pension plans — all while collecting handsome “management fees.” If you can recall losses at the nation’s largest and supposedly best-run bank, JPMorgan Chase — at least $2 billion and perhaps much more.

This is what Rick Santorum said in March: “I heard Governor Romney here called me an economic lightweight because I wasn’t a Wall Street financier like he was. Do you really believe this country wants to elect a Wall Street financier as the president of the United States? Do you think that’s the kind of experience we need? Someone who’s going to take and look after, as he did, his friends on Wall Street and bail them out at the expense of Main Street America?”

If you read my thoughts and words you know I don’t think much of the GOP or their henchmen but I agree with Santorum in this instance where I have to ask the question is this the guy we want to be president. I will go further and say Romney’s personality traits remind me of the “Robber Barons” of old. I would suggest that this so-called “Job Creator” needs to go offshore where he and his buddy’s send jobs.

Would he do this to the American Treasury and the American people if he were to become president? I say, yes! And that’s my Thought Provoking Perspective…

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THE CHAMPION OF IGNORANCE

In addition to Rick Santorum’s enthusiastic attack on women’s rights and individual liberties, he has recently been quoted referring to President Obama as a snob for wanting all Americans to be educated beyond the high school level. Mr. Santorum describes colleges as “indoctrination mills” citing a questionable study which suggests that a college education diminishes religious conviction.

Never mind that Mr. Santorum himself holds 3 university degrees yet, his religious convictions seem to be in tact. And, just ignore the fact that he intends to send his children to college. Could it be that only the Santorums and those like them have the fortitude to withstand the evils of secular indoctrination? Or, could it be something else?
Why would a candidate vying for the highest office in the land be such a vocal champion of ignorance?

From the time of Thomas Jefferson to this very day, suspicion and ridicule have been directed towards intellectualism in politics. Anti-intellectual sentiment is nothing new nor does it mean the absence of intellect. Richard Hofstadter wrote in his Pulitzer-prize winning book, Anti-Intellectualism in American Life, that anti-intellectuals are neither uneducated or unintelligent rather, they comprise the ranks of the “half-educated” who are “…often obsessively engaged with this or that outworn or rejected idea.”

This observation could account for Mr. Santorum’s astonishing comments about post-secondary education. It could also account for his willingness to re-litigate the issues of contraception, abortion and the separation of church and state, instead of providing voters with his grand vision to lead the country into a better future.

We must never forget that the most important ingredient for a democracy to work is an informed, active and enlightened electorate. Because, in the words of Thomas Jefferson; “If a nation expects to be ignorant and free, in a state of civilization, it expects what never was and never will be.”

By Jackie Lambert

LTAI Word of the Week – Indoctrinate

To imbue with a usually partisan or sectarian opinion, point of view, or principle.

Links for additional reading:

http://www.truth-out.org/between-race-and-reason-anti-intellectualism-american-life/1314634662

http://www.earlyamerica.com/review/winter96/jefferson.html

“Just a Season”
Visit: http://johntwills.com/
Legacy – A New Season is Coming!
Listen to the author’s interview!

What’s So Super About Tuesday


For starters, it is a Tuesday and this Tuesday is one with the biggest payout of the Republican presidential primaries or for one of the contenders. This time Super Tuesday had been slimmed down to half its 2008 size but still doling out one-third of the delegates needed to win and frankly at the end of the day; it probably won’t settle much.

It might nudge the two long shots – Newt Gingrich out of the race or Ron Paul into a position of more credibility. Nor, in my opinion, will it give either Romney or Santorum a decisive advantage, because delegates are handed out by share. A close second in a state can pay off almost as well as first place. Romney might cement the front-runner status that keeps slipping through his fingers. Santorum could prove he’s the real thing. To which I doubt either will be the case.
___

Delegates for grabs Tuesday: 419.
Delegates already won: 353; Romney, 203; Santorum, 92; Gingrich, 33; Paul, 25.
Delegates needed for the nomination: 1,144.
___

Let’s consider the expense involved. The heavy advertising in all 10 states would cost a candidate about $5 million. That’s a lot even for Romney’s well-financed campaign, prompting him to make a plea for donations amid his Michigan victory speech. Gingrich is getting another multimillion-dollar boost from Las Vegas billionaire Sheldon Adelson, who donated the money to a special type of political action committee, known as a super PAC that will run advertising in key states.

But my friends Ohio is the race to watch. Why I don’t know – maybe it’s like the Mississippi of the north. Nonetheless political junkies get all misty-eyed over this Rust Belt swing state, and not just because of the 63 delegates. No Republican nominee has ever become president without winning the state. That makes it a powerful proving ground for the men trying to show they can take on President Barack Obama.

It could well be Newt’s last stand or Gingrich rises again. Either way – what a frightening thought! But for sure you can call the Sand Man with his hook Newt loses in Georgia, the state he represented in the U.S. House for two decades. Lest not forget, his is not on the ballad in Virginia! Newt hopes to win decisively here and pick up enough other delegates to relaunch his up-and-down campaign, which has been mostly down-and-out. There is a bright side or dark cloud – Herman Cain, a fellow Georgian, endorsed him. Oh, and he’s got a new pitch, claiming he can bring the cost of gas down to $2.50 per gallon.

Then there’s grandpa, Ron Paul, the anti-war, libertarian-leaning, unorthodox Republican who hasn’t won a single state. Super Tuesday could change that meaning he might win ONE! Let’s say – Alaska! Even if he doesn’t score a win, he’s likely to pick up delegates to help power him into this summer’s Republican convention with enough clout to promote his ideas.

There’s little drama in the Northeastern races. Romney’s virtually unopposed in his power base of Massachusetts, where he was governor just over five years ago. Delegates: 38. He’s expected to win neighboring Vermont handily, too, although Santorum seeks to peel away some of its 17 delegates.

Next up:

Caucuses and primaries in Kansas, Wyoming, Alabama, Hawaii, Mississippi, Missouri, Illinois and Louisiana fill out the busiest month of the nomination season. Three territories; American Samoa, the Virgin Islands and Puerto Rico also get their say in March.

Well folks, as exciting as that may sound it seem to me I’d rather be clipping my toenails or picking nose hairs because that will be much more fun. We’ve all been taught to say, God Bless America; with this cast of characters I think that’s an understatement and we should say God Help Us.

And that’s my Thought Provoking Perspective…

“Just a Season”
Visit: http://johntwills.com/
Legacy – A New Season is Coming!
Listen to the author’s interview!

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Mitt the Myth Maker

After winning the New Hampshire primary, Mitt Romney gave us the “Myth of Meritocracy”. This week, Mr. Mitt has given us a new myth – President Obama is a failure. What does he site as evidence for this startling piece of news? The President’s rescue of the American auto industry. Mr. Romney stated emphatically that this decision by President Obama was ill-conceived and serves as a prime example of Barack Obama’s epic fail.

According to Mitt, every American should know that the government loan that helped to keep American car companies afloat will never be paid back. What a waste of money! This indictment would be pretty severe if it had any basis in fact. Of course we know that Mr. Mitt will never allow facts to get in the way of a good story.

The facts are these, Chrysler has already repaid their loan and General Motors (once again the number 1 car company in the world by the way) is paying back their loan on schedule.

So why would Mr. Mitt tell a falsehood in public – a falsehood that can be very easily disproved? He’s just myth making.

LTI Word of the Week – Myth

A person or thing having only an imaginary or unverifiable existence; an unfounded or false notion.

By Jackie Lambert

Legacy – A New Season the sequel is coming!

Form But, No Substance

As the Republican presidential primary drones on, it is worth noting that what we have seen so far is nothing more than a bloody intramural fight. While I would like to think that this process may have a little something to do with public policy, what has come out of these contests has nothing to do with us. Consider what we have learned so far from the Republican candidates: Ron Paul was born 150 years too late; Rick Santorum is a nut who believes birth control is a sin and that the government should be firmly installed in bedrooms all across the country; Mitt Romney doesn’t believe anything he says and Newt Gingrich is a maniacal narcissist who only believes what he says when he says it.

As our nation faces some of the greatest challenges in our history, these candidates offer no solutions to meet those challenges. Instead, they spend their time and other people’s money tearing one another to pieces. And, while this spectacle is, at times, fun to watch; it isn’t that funny when you remember that these folks are vying for the highest office in the land. Can you really see any of these candidates as your president?

I always thought that elections served as a proving ground for ideas. That through a process of vigorous debate, the best ideas and boldest solutions to the nation’s challenges are born. Instead, what we have gotten from the Republican primary is vitriol and viciousness. The candidates, through their posing and posturing, offer only caricatures of what they think Republican primary voters want to see. There is absolutely no substance in their rhetoric and no compelling reason to elect any one of them to any public office, much less the presidency of the United States.

By Jackie Lambert

Purchase “Just a Season” today because Legacy – A New Season the sequel is coming!!!
http://johntwills.com

AMAZON

Word of the week:

Mercurial – characterized by rapid and unpredictable changeableness of mood (a mercurial temper)


Drum Beats of Yesterday

The drum beat of the Republican Party’s dogma looms large in this political season as the GOP desperately try to find someone to unseat President Barack Obama. We have witnessed endless debates with the kind of political rhetoric unlike any that I’ve ever seen. Wait a minute; let me qualify that by saying not since the last Presidential election. At which time America, because of the republicans, was facing financial Armageddon and now in 2012 we are about to really see Armageddon; if one of these right wing-nuts were to become president.

I read an article recently written by the author Dr. Anthony Asadullah Samad where he said:

“Four years ago, they were predicting terrorist attacks in the first month of his administration if Obama was elected. Of course, it didn’t happen—but the rhetoric sounds good. The Republican’s “Big Three,” which many call the last three, Mitt Romney, Newt Gingrich and Ron Paul sound like the Supremes singing “Baby Love” asking the American People, “where did our love go” for President Obama. Stands to reason it went the same place our love for every incumbent President facing re-election went…in the gutter. Mud-throwing is a professional sport in politics. No matter what the incumbent does, it will never be good enough for the party out of power. Same goes here.

The real question is how far are the Republicans willing to go to get Obama? Will they say anything to get Obama? Will they be, God-forbid, unpatriotic in their attacks of the nation’s Commander-in-Chief, that ended the war they started, soft-landed an economy that was falling fastest than a safe pushed off a roof, and had to fight for every single concession—even perfunctory tasks like debt-ceiling raises and payroll tax extensions. The rhetoric of refusing to compliment Obama, on anything, is not healthy for the national morale. Stands to chance that none of them would have done any better they been in the President’s shoes and the rhetoric toward healing our wounded spirits would be much different.

Under Nixon, Reagan and Bush II, the nation did what it was asked to do for the national good during recovering economies and re-election bids. The opposite party was asked to tone down the rhetoric for the good of the nation’s morale. There has been no such call from the Democrats for this President. In fact, some Democrats have added to the rhetoric. While the President has no party opposition (at this time), some in his party have kind of been getting their “digs in” on the slide… And then there’s the Tea Party rhetoric, an obstructionism that makes no sense.”

I could not have said it better. However, the difference in this election season is that the last crop of pretenders projected their bigotry vaguely in subliminal coded language. This “pool of fools” has no shame in their game. The race card is being displayed so transparently that Ray Charles can see it. One of these pretenders owned a lodge named “N-Word Head” and another had a news letter that espoused racial hatred so vial that one would think he was the Grand Wizard of the Imperial Knights. Another Republican candidate has said that “black children where better off during slavery” than today.

Wait there’s more! One of them has publically talked about succession. Another said, get off welfare and get a check. It was this guy who went on to say if you’re twelve years old you should be cleaning schools. This is not the same candidate who said if you’re black and twelve or thirteen this “buck” should be treated as an adult if he were to be punished in the criminal justice system.

Who are they talking too or speaking for? I seriously doubt these people would say that about an enemy captured in a time of war. Oh sorry, when they were in power they did and brought them to a place Called Gitmo.

This language takes me back to a time I thought had long past. This kind of thinking conjures up images of Bull Connor and Strom Thurmond. Let’s face it because the man duly election to be the Commander in Chief is a man of color. It appears to me from the rhetoric that is being hurled with such distinction that these folks have come from under the hood and taken off the sheets.

Whichever candidate might emerge as the GOP contender to which each of them has used the coded language like “take back our country”. They WILL DO damage under a cloak of cover and not worry about the law coming for them because they will be the law.

So, we are back to the question: How far are the Republicans willing to go to get Obama? Moreover, what will they do to us, if elected! And that’s my THOUGHT PROVOKING PERSPECTIVE…

Legacy – A New Season the sequel to “Just a Season” is soon to be released.

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Pool of Fools

 We all know that the “Pool of Fools” who call themselves the Republican candidates vying to replace President Obama are distasteful, insulting, pitiful, and a sad commentary to what I know as human. You know who they are – the Klan that wants to make Obama a one term president and take back their country!

If not, here’s a quick recap: Stone cold Rick Samtorum with his view of the “Real America”; Flipper Mitt Romney who they call “Him” who just received weak endorsement from John McCain; Newt Gingrich who wants blacks to get off welfare and get a real check; Rick Perry who is sorta, kinda still in the race – hmmm; Ron Paul who is still standing despite his senseless let the people of the same hue do what they want; and there is John Huntsman who they hardly mention. I can’t leave out the latest departure, Michele Bauchmann, who could not win the Iowa town she claims to be from and I will just mention that poor excuse Herman Cain because he insulted everyone who looks like him.

Not only are these wingnuts, oh sorry, these republican candidates, a sad commentary but so is Reince Preibus, RNC Chair and many of the other Republicans in the party, who I will call un-American to include the lately silent teabagging faction. They have taken disgrace to a whole new level. For example, Kansas House Speaker Mike O’Neal today relented and apologized for an e-mail he forwarded to fellow Republican lawmakers calling first lady Michelle Obama “Mrs. YoMama.” Patriotic right!

Then there was Marilyn Davenport, an elected member of the Orange County, Calif., Republican Central Committee, who forwarded an email picturing President Barack Obama’s face on the body of a baby chimpanzee in April. She was censured by the committee and apologized, but refused to resign for it…”

The latest insults is the outrageously racist depiction of Michelle on the right-wing website Gateway Pundit as a grotesquely muscular armed Marie Antoinette. The racist caricature was based on a 1775 portrait by 18th Century French painter Jean-Baptiste André Gautier-Dagoty. The painting hangs in the Palace of Versailles outside Paris and this depiction is surely disrespectful and tasteless.

The racist comparison of Michelle to Antoinette is another in the endless knocks that Michelle lives an imperious and luxury lifestyle all supposedly at taxpayer expense. This is code language for an African-American that’s “uppity.” I might add that the First Lady happens to be, ah black. So the fury level soars and the slanders against her fly even hotter and heavier.

It is clear that there are two relentless constants in the manic drive by GOP ultra conservatives, tea party leaders and followers, and unreconstructed bigots to, at all cost, make President Obama a one term president with not just a singular drumbeat, non-stop barrage of racist depictions, slurs, digs and vilification of Obama. The other is their drumbeat, non-stop barrage of racist depictions, slurs, digs, and vilification of First Lady Michelle Obama. Shameful!!!

The GOP will use its endless back door channel surrogates of bloggers, right wing talk show gabbers, and tea party operatives to slur and slander Michelle to sow even more doubt and discord about President Obama’s policies and, by extension, him.

In the past the rules of political engagement have been clear. Presidents were fair game for any and every type of fair or gutter attack. Their wives and families, though, were off limits. But as the wife of the most politically assailed president in modern times by racial bigots, the rules of the political game have been smashed. Michelle will continue to be an inviting target of racial slander simply because she is who she is a fine and model First Lady, who is certainly no Marie Antoinette.

And the call themselves AMERICANS – what a transparent attempt to disguise or revive the memories of what I remember as the “Citizens Counsel” of a day I had hope was long past. And that’s my THOUGHT PROVOKING PERSPECTIVE!!!

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