Showing posts with label out sourcing jobs overseas. Show all posts
Showing posts with label out sourcing jobs overseas. Show all posts

Saturday, July 16, 2016

The Trump and Pence Shit Show


Having staked his campaign on rally angry whites who are terrified of losing their white privilege and/or the ability to inflict their right wing religious beliefs on all Americans, Donald Trump has cynically picked Indiana governor Mike Pence as his running mate.  Other than experience in Congress where he voted for some things Trump claims to oppose, the only real value Pence brings is the fact that he is a white Christofascist's dream candidate given his stand on abortion which he would outlaw in all cases and his animus towards the LGBT community.   The New York Times looks at Pence's selection in a main editorial.  Here are excerpts:
The suspicions that Mr. Trump stirs among evangelicals made Mr. Pence, who was one of the most socially conservative members of the House in his six terms there, the most strategic pick among the uninspiring politicians on Mr. Trump’s shortlist. He is a better bet than the thrice-married, ethically compromised Newt Gingrich, or the unpopular, politically damaged Chris Christie. Unassuming and affable — until his Twitter account exploded with Hillary Clinton attacks this week — Mr. Pence knows how Washington works. And unlike the talkative and bewildering Sarah Palin, who never made it to the shortlist or to the convention speaker lineup, he won’t hog the spotlight or embarrass the boss.
Above all, Mr. Trump’s choice of Mr. Pence is a gesture to Republicans whose money he needs to win, and a move to pacify any conservatives who were scheming to derail his nomination at the convention until they were thwarted by party officials this week. But having the Indiana governor on the ticket does little to convince a struggling middle class that Mr. Trump aims to force the party into its corner.
Mr. Trump does not offer any real policies for creating jobs, and he has been faulted for his treatment of his own employees, but he does at least talk about the pain people are feeling. That’s more than can be said for Mr. Pence. Take the Carrier heating equipment factory in Mr. Pence’s own state. When it announced this year that it would move to Mexico and cut 1,400 Indiana jobs, Mr. Trump predicted that if he were president, Carrier would call “within 24 hours,” to say, “‘Sir, we’ve decided to stay in the United States.’”
What was Mr. Pence doing while workers in his state were worrying about their futures? He and the State Legislature were busy waging battle against same-sex marriage and passing the Religious Freedom Restoration Act, seen as a means for businesses to deny services to same-sex couples. The law was amended within days, after a national uproar and a corporate boycott that tourism officials estimated cost Indiana’s economy at least $60 million in lost convention business.
While in Congress, Mr. Pence endorsed the Trans-Pacific Partnership and other trade pacts that Mr. Trump rails about. He voted for the Iraq war, which Mr. Trump says he opposed. A staunch anti-abortion conservative, in 2011 Mr. Pence led House Republicans’ efforts to defund Planned Parenthood, which helped convince many Americans that Congress would rather engage in partisan brinkmanship than work on solving the country’s problems.
A poll last week found that only 12 percent of voters said Mr. Pence’s name on the ticket would make them more likely to cast a ballot for Mr. Trump. Among Republican voters 22 percent said it would.
For Mr. Pence’s audition in Indianapolis this week, he made a speech introducing Mr. Trump as a man who has “never forgotten or forsaken the people who work with their hands.” That’s surprising, since Mr. Trump’s record of forsaking working people is rather long. With Mr. Pence on the ticket, it gets only longer.

As for the Trump/Pence logo, some are having a field day about it standing for toilet paper and insinuated other hysterical things about the insertion of the "T" into the "P."  

Saturday, September 29, 2012

NEW ROMNEY VIDEO: Bain's "Harvesting" of Companies for Profits

While Mitt Romney claims on the campaign trail that he would create new jobs for American workers, while at Bain Capital he did largely the opposite as he and his fellow vulture capitalists swooped down on companies, bought them, loaded them with debt, and then dismembered them for a profit.  Sometimes for huge profit.  And what of the employees of these companies?  They were all too often left jobless, with no health insurance and pensions that evaporated.  In the mind of Romney and his compatriots, this behavior comprised "harvesting" companies.  Harvesting riches for themselves and leaving little or nothing for everyone else, especially the former employees.  Yes, Bain had a few successes where companies survived Bain - Romney points to Staples - but many more did not.  And then, of course there was the exporting of jobs by Bain and its affiliates to China and elsewhere.  Currently, Romney hopes that Americans will somehow forget how he got so wealthy and the rapaciousness with which he left many, many Americans unemployed.   But there was a time when Romney boasted about what he and Bain planned to do.  Mother Jones has unearthed a video where Romney explained his plan to "harvest companies. Here are excerpts from Mother Jones' piece on this video:

Campaigning for the presidency, Mitt Romney has pointed to his stint as the founder and manager of Bain Capital, a private equity firm, as proof he can rev up the US economy and create jobs at a faster clip than President Barack Obama. Last year, while stumping in Florida, Romney declared, "You'd have a president who has spent his life in business—small business, big business—and who knows something about how jobs are created and how we compete around the world."

But at Bain, Romney's top priority wasn't to boost employment. As the Wall Street Journal recently noted, creating jobs "wasn't the aim of Bain or other private-equity firms, which measure success by returns produced for investors."

Mother Jones has obtained a video from 1985 in which Romney, describing Bain's formation, showed how he viewed the firm's mission. He explained that its goal was to identify potential and hidden value in companies, buy significant stakes in these businesses, and then "harvest them at a significant profit" within five to eight years.

The video was included in a CD-ROM created in 1998 to mark the 25th anniversary of Bain & Company, the consulting firm that gave birth to Bain Capital. Here is the full clip, as it appeared on that CD-ROM (the editing occurred within the original):
  [T]his short clip offers a glimpse of Romney when he was at the start of his private equity career and saw businesses as targets of opportunity that could be harvested for the benefit of his investors, not as long-term job creators or participants in a larger community. His remarks were hardly surprising, but they did encapsulate the mindset of get-in/get-out private equity deal makers.

In this clip, Romney mentioned that it would routinely take up to eight years to turn around a firm—though he now slams the president for failing to revive the entire US economy in half that time.
Was there any thought or concern for those who lost their livelihoods and/or retirement funds?  Of course not.  It was all about enriching Romney and his investors.  The man is despicable and as far as one can get from the Gospel message of caring for one's neighbor.  Romney rode to riches over the shatter lives on many, many Americans.