Archive for Presidential Race
Hi, all. With early voting in high gear, it’s vital that folks get off their computers and down to their early voting sites. Our Buncombe County Democratic Party is doing a great job staffing the polls, but there are a few sites that still need some support. Email scrutiny hooligans AT yahoo . com if you can offer some noontime or afternoon hours to help do voter education!
For those of us who like getting our heart rates up. Opine, gangnam style.
You probably know just who to vote for in the Presidential race and the Congressional race. Maybe you even have your legislators and County Commissioners figured out. How many of you have the County School Board or statewide judicial races sussed? To help you sort out who’s who, the Buncombe County Democratic Party has put together a handy list of Democratic candidates. Use it if you want it, leave it if you don’t!
In a piece from Newsweek, the former Reagan budget director calls a vulture a vulture:
… Mitt Romney claims that his essential qualification to be president is grounded in his 15 years as head of Bain Capital, from 1984 through early 1999. According to the campaign’s narrative, it was then that he became immersed in the toils of business enterprise, learning along the way the true secrets of how to grow the economy and create jobs. The fact that Bain’s returns reputedly averaged more than 50 percent annually during this period is purportedly proof of the case—real-world validation that Romney not only was a striking business success but also has been uniquely trained and seasoned for the task of restarting the nation’s sputtering engines of capitalism.
Except Mitt Romney was not a businessman; he was a master financial speculator who bought, sold, flipped, and stripped businesses. He did not build enterprises the old-fashioned way—out of inspiration, perspiration, and a long slog in the free market fostering a new product, service, or process of production. Instead, he spent his 15 years raising debt in prodigious amounts on Wall Street so that Bain could purchase the pots and pans and castoffs of corporate America, leverage them to the hilt, gussy them up as reborn “roll-ups,” and then deliver them back to Wall Street for resale—the faster the better.
That is the modus operandi of the leveraged-buyout business, and in an honest free-market economy, there wouldn’t be much scope for it because it creates little of economic value. But we have a rigged system — a regime of crony capitalism — where the tax code heavily favors debt and capital gains, and the central bank purposefully enables rampant speculation by propping up the price of financial assets and battering down the cost of leveraged finance.
Let this one be all Romney. The good, the bad, the rest. Lay it plain, Hooligans. What’s your take on Mitt? Where do think he actually stands on any of the issues? Will it matter?
UPDATE: Australian Prime Minister Julia Gillard shows how it’s done:
Some For Your Information from the City of Asheville:
Traffic pattern alerts for Thursday, Oct. 11 event at the U.S. Cellular Center
ASHEVILLE – The following street closings, detours and traffic control measures have been established for Thursday, October 11 from 12:30 p.m. until 8 p.m. for an event at the U.S. Cellular Center:
Haywood Street from Walnut Street to Page Ave/Flint Street will be closed to all vehicular traffic including on-street parking.
On the eve of Governor Romney’s visit to Asheville, Jon Stewart asks the question we’ve all been wanting to ask. Gov. Romney, “Are you a wizard?”