Mitt Romney displays his sense of humor at the annual Al Smith Dinner at the Waldorf Astoria Hotel. He does a great job poking fun at himself and negging Obama. I don't want to ruin the video but Romney got me laughing pretty hard especially when he mentions Obama and Sesame street.
Watch below:
Bain Capital Saved America
ReplyDeleteIn the 1980s, the resilient USA economy
saved itself from becoming Europe.
Bain was part of the rescue.
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Not only did Bain Capital save America,
Bain Capital may stand as the best of
Mr. Romney's lifetime contributions
to the nation's economic well-being.
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We are of course putting forth "Bain Capital"
as not merely the Romney private-equity house
but as the stand-in for the period of American
economic history that ran from 1980 to 1989.
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Mitt Romney parachuted into the
frontline of the Corporate America
MITT ROMNEY — TURNAROUND SPECIALIST
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Because of the modernizing change
that Bain and others like it
forced on USA corporations in the 1980s, ...
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Europe's fallen status ...
downgrades of nine European countries — a blunt
recognition of Europe's oribund "fundamentals,"
meaning their ability to produce
"strong and consistent" economic growth.
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If not for Bain Capital and the other,
bigger players who commenced a decade of
leveraged buyouts and hostile takeovers
in the 1980s, the odds are that the USA's
"fundamentals" would be similarly weak.
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Instead, the USA corporate sector
remade itself during the Bain years.
Thousands of Mitt Romneys ... ,
forced corporate America to reboot.
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This was a historic and necessary cleansing of ... the American economy. It caused
a positive revolution in USA management,
financial analysis, incentives, governance,
efficiency gains and market-based discipline.
It led directly to the 1990s boom years.
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Wall Street Journal
http://online.wsj.com/article/SB10001424052970204555904577169032997242246.html
What Caused the Financial Crisis?
ReplyDelete______________________________________
The pursuit of higher rate of
homeownership through legislation,
incentives and relaxed loan standards:
» Pushing homeownership to new
highs via government coercion.
» Relaxed loan standards — no doc / no income
» Pres. Bill Clinton and Robert Rubin —
unleashing Wall Street risk-taking.
Bill Clinton signed into law in 2000:
The Commodity Futures Modernization Act,
which exempted over-the-counter
swaps and derivatives from regulation.
The idea was to distribute risk; unfortunately,
the effect was to magnify risk.
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Banks lurched from caution to
bubble-inflating recklessness
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The True Story of the Financial Crisis
The financial crisis of 2008 was caused
by government housing policies ——
which led to the creation of 27 million
subprime and other risky loans
http://spectator.org/archives/2011/05/13/the-true-story-of-the-financia/print
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Barack Obama was a pioneering
contributor to the national
subprime real estate bubble
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With landmark lawsuit,
Barack Obama pushed banks
to give subprime loans to
Chicago’s African-Americans
http://dailycaller.com/2012/09/03/with-landmark-lawsuit-barack-obama-pushed-banks-to-give-subprime-loans-to-chicagos-african-americans/?print=1
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The Brass Standard
www.nationalreview.com/blogs/print/316725
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Obama endorsed the national subprime policy,
“subprime lending started off as a good idea:
Helping Americans buy homes
who couldn’t previously afford to.”
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About Those Policies That
Got Us Into This Mess
www.BLOOMBERG.com/news/print/2012-09-12/about-those-policies-that-got-us-into-this-mess-caroline-baum.html
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The misguided effort begun during the
Clinton administration to increase
home ownership among low wage earners
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Bubba & the Housing bubble — Bill Clinton
www.nypost.com/p/news/opinion/opedcolumnists/bubba_the_housing_bubble_8cUhYsqNdXVlWjflbbjiUO
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The End of Wall Streets Boom
Michael Lewis — profiled Steve Eisman:
http://upstart.bizjournals.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom.html?page=all
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Free fall: How government policies
brought down the housing market
www.aei.org/outlook/economics/financial-services/housing-finance/free-fall-how-government-policies-brought-down-the-housing-market
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Michael Lewis on the Hedge Fund Manager
Who Saw It Coming
www.fool.com/server/printarticle.aspx?file=/investing/general/2008/12/01/michael-lewis-on-the-hedge-fund-manager-who-saw-it.aspx
• "The Big Short"
www.fool.com/investing/general/2010/03/17/the-big-short.aspx
• Michael Lewis on the Financial Panic
www.fool.com/investing/general/2008/11/26/michael-lewis-on-the-financial-panic.aspx
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Wall Street's Delusion — 60 Minutes
www.CBSNews.com/2102-18560_162-6292458.html
Eve of Destruction
www.nytimes.com/2010/04/18/books/review/Gross-t.html?pagewanted=print
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