A blind trust is a trust in which the fiduciaries, namely the trustees or those who have been given power of attorney, have full discretion over the assets, and the trust beneficiaries have no knowledge of the holdings of the trust and no right to intervene in their handling. Blind trusts are generally used when a settlor (sometimes called a trustor or donor) wishes to keep the beneficiary unaware of the specific assets in the trust, such as to avoid conflict of interest between the beneficiary and the investments. Politicians or others in sensitive positions often place their personal assets (including investment income) into blind trusts, to avoid public scrutiny and accusations of conflicts of interest when they direct government funds to the private sector.
Obama has investments in companies that ship jobs overseas
President Obama has accused Mitt Romney of raking in profits from investing in companies that ship American jobs overseas, but according to his most recent financial disclosure, he and First Lady Michelle Obama have hundreds of thousands of dollars in a mutual fund that has large holdings in corporations that outsource jobs.
Anyone that has any money in investments is going to be a part of this. I have a 401(k) and a Roth IRA, I really have no clue where the money is. I could be funding the next Somalian warlord for all I know.
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Half $1 million, in three years, from an investment firm. He probably trades more than that every morning before he wakes up.
The man trying t5o be the next President of the US. Investing in the people he proclaims have stolen US jobs, embezzled, partnered with Iran and stole US intellectual property, in your opinion a trifling matter?
What do you think he will do when he's President?
Last edited by Paul Markham; 10-14-2012, 09:35 AM.
Investing in the people he proclaims have stolen US jobs, embezzled, partnered with Iran and stole US intellectual property, in your opinion a trifling matter?
As I said Paul, anyone with any sort of investment whatsoever, is going to have the same dirt on their hands.
There are plenty of things to rip this guy on, may as well use something of substance. This is like ripping on Bush for saying nuclear incorrectly.
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Should he instead have invested his money in Kentucky Fried Chicken? That's about as American as you can get right? A white southern gentleman dressed in a white plantation suit selling chicken. But wait ? it's share price is rising because it opens 2-3 outlets a day in China.
Anyone with any sort of investment is standing for President. This is just another nail in his coffin.
After all the other nails that have emerged, will you vote for him?
Bain
2 $trillion more on the military.
Relaxing rules on banking.
Sensata
Mormon.
Now this one.
I'm going to vote for him now just because of this thread proving to me how many people don't understand how money works. Thank you for enlightening me.
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This is the system the world goes by. And the man knows how to make money.
Why is it that so many of you try to make that a bad thing.
Because the way he makes money is not by producing something that creates jobs, but rather by leeching off the work of others and then sending those jobs over seas.
Is it really that hard to figure out?
In November, you can vote for America's next president or its first dictator.
Because the way he makes money is not by producing something that creates jobs, but rather by leeching off the work of others and then sending those jobs over seas.
Is it really that hard to figure out?
Are you so sure about that. This is just a few of the businesses that Bain has funded.
1-800-Dentist
Appriss
Bright
Horizons
BTI
Systems
Dynamics
E5
Systems
EcoSense
EDGAR
Online
Enclarity
Enservio
Eschelon
Telecom
Experian
Corporation
eXperticity
Formation
Systems
Gartner
Group
HookLogic
INRIX
Integrated
Circuit Systems
Invoke
Solutions
iPay
Technologies
Kiva
Systems
LinkedIn
LogicSource
m-Qube
MagazineRadar
MyEdu
Nomis
Solutions
PGOA
Media
Regulatory
DataCorp
Soleil
Securities
SquareTrade
Staples
SurveyMonkey
Taleo
TellApart
The Receivables
Exchange
Total Attorneys
TRAVELCLICK
TxVia
vAuto
Wharton
Econometrics
You might not be as anonymous as you think you are.
Because the way he makes money is not by producing something that creates jobs, but rather by leeching off the work of others and then sending those jobs over seas.
Is it really that hard to figure out?
Pure Democrat Bullshit!
The companies Bain Capital funded under Romney have created tens of thousands of jobs using any measure.
I think most of the US stock market is over inflated BS and about 2/3 of my 401k is overseas growth mutual funds. Mutual funds are very diverse by their nature and the farthest thing from investing specifically in any one company.. I'm just sayin'
Brad
President at MojoHost | brad at mojohost dot com | Skype MojoHostBrad
71 industry awards for hosting and professional excellence since 1999
A blind trust is a trust in which the fiduciaries, namely the trustees or those who have been given power of attorney, have full discretion over the assets, and the trust beneficiaries have no knowledge of the holdings of the trust and no right to intervene in their handling. Blind trusts are generally used when a settlor (sometimes called a trustor or donor) wishes to keep the beneficiary unaware of the specific assets in the trust, such as to avoid conflict of interest between the beneficiary and the investments. Politicians or others in sensitive positions often place their personal assets (including investment income) into blind trusts, to avoid public scrutiny and accusations of conflicts of interest when they direct government funds to the private sector.
Absolutely. How will putting a lot of people out of work, by cutting spending, achieve that?
Paul, you have said this at least 20 times in this election cycle.
And you continue to use the word SPEND in place of the word WASTE. Until the time comes that you look at those two words, we have nothing more to discuss.
I have also said at least 20 times in this election cycle.
You can't continue to spend more than you make.
You might not be as anonymous as you think you are.
Paul, you have said this at least 20 times in this election cycle.
And you continue to use the word SPEND in place of the word WASTE. Until the time comes that you look at those two words, we have nothing more to discuss.
Illustrate how the money is wasted.
I have also said at least 20 times in this election cycle.
You can't continue to spend more than you make.
And I agree with you. Are YOU ready for the pain it will cause?
If a family is spending more than they earn. There comes a time it HAS TO STOP. Then the family has to buy less, live on less and face a far lower standard of living. With countries facing bad debt situations, that has meant everyone except the super rich earning less and paying more at the shops. Are you ready for that?
Because spending cuts will hurt you.
I think spending on arms, food, oil subsidies to private buyers should stop. The money should be put into long term projects of tomorrow so we can have the Next Apple, Microsoft, Space Shuttle and all the other great scientific, engineering and technical discoveries of tomorrow.
Romney doesn't think more teachers are good, thinks business will develop those skills and thinks he can level the playing field between the US and China.
Since 2001, the United States has lost 2.8 million manufacturing jobs to China -- that despite U.S. factory workers being far more productive.
Partly, it can be explained by China's cheaper workers: The average hourly wage for Chinese manufacturing workers is less than a tenth that of their average U.S. counterparts, according to the Bureau of Labor Statistics.
And that's just China.
Now tell us how Vietnam got to be your biggest customer. Where did the money come from?
I think most of the US stock market is over inflated BS and about 2/3 of my 401k is overseas growth mutual funds. Mutual funds are very diverse by their nature and the farthest thing from investing specifically in any one company.. I'm just sayin'
(I guess I shouldn't mention that Romney is actually correct in saying that China is manipulating their currency value artifically in a way that is bad for US manufacturing....)
.
Michael Sperber / Acella Financial LLC/ Online Payment Processing
And I agree with you. Are YOU ready for the pain it will cause?
If a family is spending more than they earn. There comes a time it HAS TO STOP. Then the family has to buy less, live on less and face a far lower standard of living. With countries facing bad debt situations, that has meant everyone except the super rich earning less and paying more at the shops. Are you ready for that?
Because spending cuts will hurt you.
I think spending on arms, food, oil subsidies to private buyers should stop. The money should be put into long term projects of tomorrow so we can have the Next Apple, Microsoft, Space Shuttle and all the other great scientific, engineering and technical discoveries of tomorrow.
Romney doesn't think more teachers are good, thinks business will develop those skills and thinks he can level the playing field between the US and China.
You asked the question if I am ready. The answer is yes. I could've retired years ago. My assets far exceed my debt. My children could live their lives and never work and if they weren't stupid about it, their children could do the same. But not working is not an option. I enjoy my job and now have one of my children here and 3 nephews. The goal is to make it interesting for them to grow. Btw. All of them to date have college degrees, before they took a job with us.
The federal government of Vietnam is not our biggest customer. They are our metals division biggest customer. Our biggest customer is our agricultural tire company which we own.
I went to school and the average class size was around 30 kids. Today, it's supposed to be many less. I think the quality of my education was on par with what is being taught today. Why do we need 50% more teachers to teach the same amount of students? And keep in mind, when I went to school computers didn't exist. There were no online classes. Teachers for the most part actually earned their salaries.
You might not be as anonymous as you think you are.
This is the situation today and the problem the West faces.
Since 2001, the United States has lost 2.8 million manufacturing jobs to China -- that despite U.S. factory workers being far more productive.
Partly, it can be explained by China's cheaper workers: The average hourly wage for Chinese manufacturing workers is less than a tenth that of their average U.S. counterparts, according to the Bureau of Labor Statistics.
And that is just China. US workers maybe more productive, not by a factor of 10. So what's the solution?
We could tax the goods coming in at the docks and this tax will pay for the loss of jobs and the investment in the future of the West. This will mean people paying a lot more for an iPad, calculator, shirt, toys, etc. In the shops.
Import restrictions. Tough one, China will not like it.
People pay more in taxes today for investment in future technologies.
Banning the import of goods that were under US/EU patent or copyright protection, isn't going to stem the flow much.
Getting China to revalue it's currency to level the field. Also is a pipe dream. You can't revalue the Chinese, Vietnamese, Philippines, Indian, etc currencies to the level required. Only a fool would offer or think it would work.
Anyone with a better solution is welcome to put them forward. cutting spending = cutting jobs. Cutting taxes 10% won't bring 2.8 million jobs back to the US or the EU. It will result in a loss of jobs or more debt.
(I guess I shouldn't mention that Romney is actually correct in saying that China is manipulating their currency value artifically in a way that is bad for US manufacturing....).
Yes he said it. As if it would level the playing field. The guy is deluded it's going to make that much difference.
Only read to that part, as |I wanted to read the article. Is this the waste you're talking about?
Federal entitlements are driving this spending growth, having increased from less than half of total federal outlays just 20 years ago to nearly 62 percent in 2012. Three major programs?Medicare, Medicaid, and Social Security?dominate in size and growth, soaking up about 44 percent of the budget. All three programs are growing faster than inflation, and?when joined with $1.7 trillion in new Obamacare spending?will drain about 18.5 percent of the nation?s total economic output by mid-century. Because that is about the historical annual average of total federal tax revenue, it means all other government programs?national defense, veterans health care, transportation, federal law enforcement, and others?would effectively have to be financed on borrowed money.
Other entitlements continue growing as well. Anti-poverty programs have surged by 49 percent in just the past decade, even after adjusting for inflation. Spending for food stamps alone has more than tripled since 2002. Health programs, including Medicaid, have increased by 38 percent, and housing assistance by 48 percent.
Although these entitlement programs have dominated the government?s spending growth, discretionary spending?spending authorized by annual appropriations bills?also has grown by 40 percent more than inflation, to $1.289 trillion. Spending on non-defense programs has grown 29 percent. These outlays peaked in 2010 due to the stimulus bill, but remain 7 percent higher than their pre-stimulus level of 2008.
Originally posted by Brad Mitchell
I think most of the US stock market is over inflated BS and about 2/3 of my 401k is overseas growth mutual funds. Mutual funds are very diverse by their nature and the farthest thing from investing specifically in any one company.. I'm just sayin'
Brad
And the West rode on the over inflation. Until the bubble burst.
Last edited by Paul Markham; 10-17-2012, 07:14 AM.
This is the situation today and the problem the West faces.
And that is just China. US workers maybe more productive, not by a factor of 10. So what's the solution?
We could tax the goods coming in at the docks and this tax will pay for the loss of jobs and the investment in the future of the West. This will mean people paying a lot more for an iPad, calculator, shirt, toys, etc. In the shops.
Import restrictions. Tough one, China will not like it.
People pay more in taxes today for investment in future technologies.
Banning the import of goods that were under US/EU patent or copyright protection, isn't going to stem the flow much.
Getting China to revalue it's currency to level the field. Also is a pipe dream. You can't revalue the Chinese, Vietnamese, Philippines, Indian, etc currencies to the level required. Only a fool would offer or think it would work.
Anyone with a better solution is welcome to put them forward. cutting spending = cutting jobs. Cutting taxes 10% won't bring 2.8 million jobs back to the US or the EU. It will result in a loss of jobs or more debt.
I have seen the commercial you just quoted about 100 times already. No need to rehash what the problems are. We have elementary school children who know that.
You asked me a lot of questions,some of them pointed. How about responding to those.
And because I am interested,.,how about just this one question.
Why do kids today need more teachers per student than they needed a generation ago?
You might not be as anonymous as you think you are.
http://www.heritage.org/research/rep...e-numbers-2012I went to school and the average class size was around 30 kids. Today, it's supposed to be many less. I think the quality of my education was on par with what is being taught today. Why do we need 50% more teachers to teach the same amount of students? And keep in mind, when I went to school computers didn't exist. There were no online classes. Teachers for the most part actually earned their salaries.
Teachers do not help very smart people or very stupid people. I had a few bad teachers along the way in my education, as I am sure you did during yours. When I had a bad teacher, I taught myself the topic and ignored class time other than for taking exams. I had access to all the information I needed, I had good parents and others I could ask if I got stumped and so on. I'll never forget once when I had a horrible biology teacher, I asked my father if I he could get me switched into another teacher's class and he told me one day when I was older I'd have a stupid employer or a stupid customer and its better I learn how to deal with that effectively at an early age than wait until it actually mattered to figure it out.
The bright kids hardly need teachers at all. The idiots won't learn more than the basics with all the teachers and tutors you can find. However, most people are neither very bright nor stupid. Most people benefit tremendously from having good teachers, low ratios, and access to tutors or mentors. Having ordinary kids in bad neighborhoods surrounded by good teachers all day is vital because many cant rely on parents if they get stumped, many have nothing constructive to do after school without quality programs staffed by quality instructors.
As a case of simple math... Teachers and music classes or sports after school cost much less than prisons and guards after kids fail.
The bright kid in the worst school or the idiot in the best school will do the same with more or less teachers. The ordinary kid, which is most people, will do much better in life with more teachers and better schools. That costs you and I less in the long run. Also, you mention computers...you do know roughly half of all homes in the US still do not have a computer or broadband Internet access and many schools have many less computers than students, right?
Your son and nephews may be hard workers, may be educated, may be bright enough and supported enough not to rely on teachers. That does not make them typical.
Because todays world requires kids with a better education. Make it harder for me please.
Or give up on debate and just resort to what sperbonzo does.
The internet was designed by people with my education level. Most of the software, all of the manufacturing technology, robotics.. It's a long list of world changing accomplishments that people who had 30+ classmates in every room made.
I have been listening to this *better education* nonsense for years. There was absolutely nothing wrong with the quality of education. Maybe the schools simply need better motivated students.
If you are going to simply rehash current television ads and parrot worn out talking points, then it is you who needs to give up on the debate. Because rarely do you offer anything significant.
You might not be as anonymous as you think you are.
Teachers do not help very smart people or very stupid people. I had a few bad teachers along the way in my education, as I am sure you did during yours. When I had a bad teacher, I taught myself the topic and ignored class time other than for taking exams. I had access to all the information I needed, I had good parents and others I could ask if I got stumped and so on. I'll never forget once when I had a horrible biology teacher, I asked my father if I he could get me switched into another teacher's class and he told me one day when I was older I'd have a stupid employer or a stupid customer and its better I learn how to deal with that effectively at an early age than wait until it actually mattered to figure it out.
The bright kids hardly need teachers at all. The idiots won't learn more than the basics with all the teachers and tutors you can find. However, most people are neither very bright nor stupid. Most people benefit tremendously from having good teachers, low ratios, and access to tutors or mentors. Having ordinary kids in bad neighborhoods surrounded by good teachers all day is vital because many cant rely on parents if they get stumped, many have nothing constructive to do after school without quality programs staffed by quality instructors.
As a case of simple math... Teachers and music classes or sports after school cost much less than prisons and guards after kids fail.
The bright kid in the worst school or the idiot in the best school will do the same with more or less teachers. The ordinary kid, which is most people, will do much better in life with more teachers and better schools. That costs you and I less in the long run. Also, you mention computers...you do know roughly half of all homes in the US still do not have a computer or broadband Internet access and many schools have many less computers than students, right?
Your son and nephews may be hard workers, may be educated, may be bright enough and supported enough not to rely on teachers. That does not make them typical.
Paul, if you read these comments from Relentless you should pay attention. No talking points or tv ads. And I agree with him. The reason we need more teachers is because it seems that the quality of students have gone downhill.
Having an entitlement society will do that.
You might not be as anonymous as you think you are.
Teachers do not help very smart people or very stupid people.
Ridiculous post.
Families start the process, they back up teachers work. To say teachers don't help is ignoring reality.
The other two posts by Minte were equally stupid. no wonder jobs are going to China.
Minte, again I will ask you. How did Vietnam raise the money for their Government to give you a contract? Foriegn aid, a US company going to Vietnam, ????
Is this the waste you talk of?
Federal entitlements are driving this spending growth, having increased from less than half of total federal outlays just 20 years ago to nearly 62 percent in 2012. Three major programs?Medicare, Medicaid, and Social Security?dominate in size and growth, soaking up about 44 percent of the budget. All three programs are growing faster than inflation, and?when joined with $1.7 trillion in new Obamacare spending?will drain about 18.5 percent of the nation?s total economic output by mid-century. Because that is about the historical annual average of total federal tax revenue, it means all other government programs?national defense, veterans health care, transportation, federal law enforcement, and others?would effectively have to be financed on borrowed money.
Other entitlements continue growing as well. Anti-poverty programs have surged by 49 percent in just the past decade, even after adjusting for inflation. Spending for food stamps alone has more than tripled since 2002. Health programs, including Medicaid, have increased by 38 percent, and housing assistance by 48 percent.
Although these entitlement programs have dominated the government?s spending growth, discretionary spending?spending authorized by annual appropriations bills?also has grown by 40 percent more than inflation, to $1.289 trillion. Spending on non-defense programs has grown 29 percent. These outlays peaked in 2010 due to the stimulus bill, but remain 7 percent higher than their pre-stimulus level of 2008.
Families start the process, they back up teachers work. To say teachers don't help is ignoring reality.
The other two posts by Minte were equally stupid. no wonder jobs are going to China.
Minte, again I will ask you. How did Vietnam raise the money for their Government to give you a contract? Foriegn aid, a US company going to Vietnam, ????
Is this the waste you talk of?
Paul, in most cases the years force a certain amount of wisdom on a person whether they want it or not. You clearly came up short or missed out on a few decades.
Believe it or not, Paul.. Vietnam is not a nation of peasants. They have spent 3 decades westernizing,building cities,airports, a complete infrustructure.
I've told you this before. We have sales reps. They are all over the world. We sell in Africa, Saudi Arabia, Australia, Europe and we even ship many containers a year TO China. What we have today is a global economy.
You might not be as anonymous as you think you are.
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