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Monthly Archives: July 2012

Bain Capital

Why are the Bain attacks fair game? This is the question that many Republicans are asking themselves right now. That Obama needs to stop many cry, as they demand that the President’s comments have been degrading the his office, and that an apology must be issued to the Romney campaign.

These ads from the Obama Camp. are completely fair game, and let me tell you why. Romney constantly claims that he is qualified to be president because of his work at Bain. This claim has led to scrutiny from the left. Obama claims to be running to further his own agenda, because he feels his experience as an incumbent, and his work with community organizing strengthens his positions and credentials as president.

Both Obama’s record and Romney’s work at Bain should be anaylzed and examined. Both have had faults, and successes. Since Romney claims his owrk at Bain allows him the insight to how the economy works, his record there should be scutinized to see if he did in fact created jobs, which in some cases that did occur. But the larger point here is the point that Bain was not started to create jobs, but to keep businesses afloat; whether that added workers, cut jobs, cut workers pay, healthcare, and pension, or had no affect on the worker. Romney was not CEO of this private equality firm to create jobs, but to increase profits of Bain, and other companies, because at the end of the day whether firms Bain acquired lost jobs or added jobs Mitt Romney always profited.

http://www.taxhistory.org/www/website.nsf/Web/PresidentialTaxReturns/

^ The history of Presidential tax returns; take a look if you have a chance.

 
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Posted by on July 14, 2012 in Uncategorized

 

Gov’t insurance may actually be..better?

And you thought all talk of a public option health insurance plan was dead. But no, Rep. Pete Stark (D-Calif.) asked the Congressional Budget Office to crunch the numbers on a public plan, funded by premiums, not taxes, and they found the following:

“The Congressional Budget Office (CBO) estimates that the public plan’s premiums would be 5 percent to 7 percent lower, on average.”

Also:

“CBO and the staff of the Joint Committee on Taxation (JCT) estimate that the proposal would reduce federal budget deficits through 2019 by about $53 billion.”

The next year would probably save another $15 billion, for a total of $68 billion shaved off the deficit by 2020.

So maybe talk of a public option should be revived. At least, if you’re a deficit hawk.

 
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Posted by on July 14, 2012 in Uncategorized