Obama and Romney Outline Their Policies for Tech Startups

[blazorthon]

[citation][nom]pocketdrummer[/nom]Or you can stop giving massive tax breaks to companies that make money hand over fist regardless of the state of the economy (big oil). Same goes for the top 1% of wealthy Americans. They would not hire more people if they received more tax breaks. They would simply rake in more money and spend it on themselves.[/citation]

That's not really true, at least not for nearly all companies. A lot of companies would in fact use those smaller taxes to expand in order to make greater long-term profits instead of greater short-term profits because in the end, that's more money.

 

[pocketdrummer]

[citation][nom]blazorthon[/nom]Respect is irrelevant in this. Romney's investments worked and Obama's didn't. We don't need a president who can't even do his job.[/citation]

Romney's investments will not solve the energy crisis.

"Scientific estimates differ but the world’s temperature looks set to rise by six degrees Celsius by 2100 if greenhouse gas emissions are allowed to rise uncontrollably" - Will Steffen, executive director of the Australian National University’s climate change institute.

You can ignore scientific evidence while you play with cheap toys made in China, or you can choose to do something to prevent a catastrophic global event.

 

[pocketdrummer]

[citation][nom]blazorthon[/nom]That's not really true, at least not for nearly all companies. [/citation]

Show me evidence that the trickle down concept works. You mentioned the government bailouts in a previous post. That's free money given to businesses by the government. Those companies were tanking, but the top executives still gave themselves massive bonuses. You cannot rely on the good will of greedy men.

 

[blazorthon]

[citation][nom]pocketdrummer[/nom]Romney's investments will not solve the energy crisis."Scientific estimates differ but the world’s temperature looks set to rise by six degrees Celsius by 2100 if greenhouse gas emissions are allowed to rise uncontrollably" - Will Steffen, executive director of the Australian National University’s climate change institute.You can ignore scientific evidence while you play with cheap toys made in China, or you can choose to do something to prevent a catastrophic global event.[/citation]

Don't make me laugh. Humans have a small impact on global warming. Just a single small volcano has a greater impact in a single eruption than all of humanity's past has ever had even up to now. Global warming is just part of a cycle. This planet goes through them all the time. We're entering a warmer cycle ad it will end in an ice age just like all of the others did and the cycle will repeat.

furthermore, Obama's investments didn't solve anything. they tanked. Romney proved that he has what it takes to fix economies and that's what we need.

[citation][nom]pocketdrummer[/nom]Show me evidence that the trickle down concept works. You mentioned the government bailouts in a previous post. That's free money given to businesses by the government. Those companies were tanking, but the top executives still gave themselves massive bonuses. You cannot rely on the good will of greedy men.[/citation]

That's an entirely different story. Those companies didn't just keep that money, they were already failing and that money was just delaying the inevitable. Tax breaks wouldn't have done any better because those companies had already doomed themselves. We have smarter companies such as such of the tech industry that could put such tax breaks to good use in expanding. Greed isn't a problem for it because companies, being greedy, would love making more money and expansion is how that's done.

 

[blazorthon]

EDIT: I'd like to point out that humans can cause acid rain and the poisoning and destruction of the environment. However, global warming is nto our fault.

 

[Jackalope73]

Global warming is a marketing tool and buzzword. Climate change is real, but has little to do with humanity. The wobble that changes earth's axis orientation to the sun that takes place every 25,800 years is happening now . "The amount of solar energy reaching the surface of the planet is so vast that in one year it is about twice as much as will ever be obtained from all of the Earth's non-renewable resources of coal, oil, natural gas, and mined uranium combined" and I believe there is also much to be said for geological process as well. Mount Saint Helens alone lowered temps. So imagine the monsters of antiquity. Unfortunately people get tunnel vision and politicians Like Al Gore who has become incredibly wealthy, exploiting that narrow easy fix logic. Soon you have everyone wanting to be a part of global warming buzz. Just like needing to have the latest Apple product you have to be on board to be an excepted pseudo intellectual. Soon government gets involved. Well meaning or not, policy is influenced by way of NSF and research finance. No grants for anything other than Global Warming. Michael Crichton wrote a novel called State of Fear that tries to illustrate through science fiction a social commentary to that effect. The book ultimately ended his friendship with Al Gore. Certainly we can have an impact on our environment through irresponsible behavior. But true objectivity has been lost. It has almost become a religion and when you become a member of a cult of personality, before you know it, you drank the cool aide and put on your white robe and sneakers. Even NASA has been effected to a degree. On one web site they show supporting data to climate change, no surprise as it is changing as is our place, so to speak, in the universe or at least the solar system. That hits national news. On another we hear about a scandal an incredible blunder. The systems that hold all climate data were never Y2K updated. Woopsie! When the systems had been upgrade the Dust Bowl era is still the hottest recorded. To this day people still quote the old incorrect data. And what about the news? No major news coverage whatsoever about how years later Y2K loosed its wrath upon us. Why, you say? An agenda, cover up or sheer embarrassment is responsible. Nope just a matter of ratings. News also lost its objectivity and is no longer news but entertainment. So, are you entertained? There are so many technologies available from private industry for clear solar panels to replace glass that are real and ready. To research going unfunded for meta material and Nano tech that could increase solar efficiency massively, meanwhile Green Companies take huge subsidies, give themselves all a bonus and then file bankruptcy protection. All without doing a damn thing other than shaking down a bunch of well meaning but tragicly pseudo intellectual wanabe technocrats for a billion bucks.Robert Bussard, the guy who invented the Bussard collector. Trek fans know what I am talking about and they are real. Was close before his death to creating a functional practical fusion power generator. His only federal funding, the US Navy for Fissile reactor replacement. He only received a couple of million dollars over the years and produced functional prototypes.This guy was the Assistant Director of the Atomic Energy Commission controlled Thermonuclear Reaction Division and no one really listened to him when he gave a viable funding timeline for the end of fossil fuels at a fraction of Solyndra's grant.

It's all Bull, you get the most bang for your buck with a Hydrogen Bomb.

 

[ven1ger]

[citation][nom]Catswold[/nom]Romney's Bain Capital invested PRIVATE MONEY in.[/citation]

1985-1999 (CEO and principal owner til 2003)

1991 – Mothercare, Bain offloaded in 1993, bankrupt soon thereafter, Bain reaped $1.5 million in fees.
1992 – American Pad & Paper bankrupt in 2000, Bain reaped $107 million
1994 – Dade International bankrupt in 2002, debt of 1.5 billion, Bain reaped $216 million, 1700 people lost jobs
1993 – GS Industries bankrupt in 2001, debt of $554 million, Bain reaped over $65 million, 750 jobs lost
1988 – Stage Stores bankrupt with $600 million debt.
1996 – Ddi Corporation, Bain reaped over $100 million, 275 jobs lost
2000 – KB Toys – Bain reaped $83 million, 3500 jobs lost
2000 – Cambridge Industries bankrupt, debt of $300 million, Bain reaped over $16 million.

Outside of Mitt’s tenure of Bain
2004 – Anthony Crane bankrupt, Bain reaped over $12 million.
2012 - Sensata Technologies – Owned by Bain – Outsourcing 170 jobs to China.

There were more information, but after an hour of looking up this info, you can look up the rest yourselves.

These are some of the losses that are directly attributable to Bain and Romney. Not to mention the fact that with the leveraged buyouts that Romney and Bain used to leverage the debt of these companies, creditors were left with the debt riddled companies that eventually went bankrupt. The money that Bain borrowed against their leverage debt was insured by taxpayers, so claiming this was all private money is a fallacy.

All of the industries listed for and against Bain and Romney are existing business, please state what jobs were officially created as most of those business listed had existing employees, Bain tends to downsize many companies or ship jobs overseas to insure that they get their fees paid to the detriment of the workers. The so-called number of jobs created by Romney isn't so clear once you subtract all those jobs lost and the existing jobs at the time, unless you are foolhardy to claim all those jobs were created by Bain that existed under those companies, which is probably where they originally got their 100,000 job number...

Obama has created over 5.2 million private sector jobs within the last 3.x years. There's a good chance that Romney will just leverage the US economy so that he makes out like a bandit, if prior behavior is anything to go by.

 

[the_brute]

[citation][nom]buzzrattie[/nom]here is how Romney's plan comes into effect, cut taxes on business then businesses hire more people more people paying taxes, more money for government and people simple[/citation]
AHH YOU GET IT! I love talking to people who think taxing companies more will be better. One of the largest retail stores in North America has proposed a plan to move HQ to Canada to avoid taxes.

 

[the_brute]

[citation][nom]pocketdrummer[/nom]Romney's investments will not solve the energy crisis."Scientific estimates differ but the world’s temperature looks set to rise by six degrees Celsius by 2100 if greenhouse gas emissions are allowed to rise uncontrollably" - Will Steffen, executive director of the Australian National University’s climate change institute. You can ignore scientific evidence while you play with cheap toys made in China, or you can choose to do something to prevent a catastrophic global event.[/citation]
Obamas will not either. they are here already made technologies that are already struggling to stay afloat. Solar towers that will NEVER turn a profit, many never finished or shut down within 2 years. Windmills that will never turn a profit. One new windmill farm has 6 2 Megawatt diesel generators that run 24/7 on a farm that can only turn 3 megawatts from wind. Target wind speed is only met ~30% of the time. Also just so you know the generators were from an Asian company made in Asia. Because the generators are deemed "emergency power" they are not regulated by the majority of the clean air acts. (yes this was one of the "Iowa" projects he was talking about. No Iowan product was put in this farm; all construction was from a German construction company from mostly German products for the towers).
Or (MSN money headline) battery company that has turned belly up AGAIN.

 

[tburns1]

As I understand it, the biggest impact to global warming are rice patties and cow $hit. No lie.

 

[blazorthon]

[citation][nom]tburns1[/nom]As I understand it, the biggest impact to global warming are rice patties and cow $hit. No lie.[/citation]

They might be the biggest impact that's caused by life, but they're just backseat drivers as far as we're concerned when they're compared to the sun, axis shift, volcanic activity, and maybe a few others that I'm missing such as other global natural disasters.

 

[ven1ger]

[citation][nom]blazorthon[/nom]Respect is irrelevant in this. Romney's investments worked and Obama's didn't. We don't need a president who can't even do his job.[/citation]

To say that Romney's investments worked is dependent upon which side of the coin that you're in. If you're an investor of Bain, yes, his investments worked, but for the vast majority and the public at large they didn't work. The banks and creditors were left with bankrupt companies that Bain and company leveraged to obtain all they could from the assets of these companies. Even many of their current investments, jobs have been shipped overseas while Bain makes a hefty profit from its investments off the backs of the workers, pensions were stripped, jobs lost. Better look at the human cost from companies like Bain before espousing how great Mitt and company are.

The number of investors are in their hundreds so, yes they gained financially, but look at the thousands of families that were affected by these vulture capitalists and explain how these families are faring any better now? The needs of the few outweigh the needs of the many...I guess that should be Mitt's motto.