Debate #1

[spence]

Originally Posted by Saltheart

The most striking thing was how Romney's responses with specifics were so accurate that Obama couldn't even respond at all , he was stupified.

I think he was stunned by the level of BS Romney was spewing forth.

I loved the part where Romney started teaching Obama that most small business owners get taxed as individuals at individual rates , not at corporate rates. That is 100% true. As a small business owner that was how I paid taxes for 13 years.

What it showed was that Romney doesn't have a basic understanding of marginal tax rates. We all understand that many small business owners are taxed as individuals...but how many are paying themselves over $250k without filing as an LLC or pass through?

If you're in that 3% and Obama's plan is going to kill your business I'd really suggest you seek a qualified accountant!

Spence , your guy looked bad. He looked like a bag of wind with nothing but rhetoric in the face of withering facts from Romney It wasn't a bad debate , it was a great debate but totally lopsided. Obama should be ashamed of himself.

I agree Obama didn't have a good showing, but Romney wasn't offering many facts.

Obama doubled the deficit = false
Obama stole 750B from Medicare = false
Romney's health care plan covers pre-existing conditions = false
1/2 of green stimulus companies have gone under = false

and on and on...

Left wingers thing the government should take 5 trillion and then squander 2 and give back 3 in the form of stimulus money. Romney wants to leave the 5 trillion in the hands of the people , not let the government take there wasteful cut out of it. Don't believe a word about the "the math doesn't add up". Romney is a business man whose carreer was about how things do add up and I'm totally confident that his plan for tax cuts offset by closing of loopholes and increased revenues do to economic growth stimulated by those tax cuts is far more realistic than the "I have a dream" rhetoric Obama is trying to sell.

I've yet to read ANYTHING that suggests Romney really has a plan.

His tax promises are mathematically impossible.

If he was as good of a business person as you suggest he'd be offering a solution to navigate the business, not selling a pipe dream. Romney's career was made by parting companies out for a profit, not structuring them for sustained growth...and there's a BIG difference.

-spence

[Piscator]

Originally Posted by spence

Romney's career was made by parting companies out for a profit, not structuring them for sustained growth...and there's a BIG difference.
-spence

Check out a company called Staples........

Not mention being a Governor
Posted from my iPhone/Mobile device

[spence]

Originally Posted by Piscator

Check out a company called Staples........

Staples was one of Bain's earliest and biggest success stories.

But the point is still sound, the objective of private equity is rarely to take long-term risk, it's to structure a short-term deal that they can derive profit from.

Romney has executive experience certainly, but to say his business background somehow gives him grand insight into what the US needs to be successful is a bit of a stretch.

-spence

[Jim in CT]

Originally Posted by spence

Staples was one of Bain's earliest and biggest success stories. But the point is still sound, the objective of private equity is rarely to take long-term risk, it's to structure a short-term deal that they can derive profit from. Romney has executive experience certainly, but to say his business background somehow gives him grand insight into what the US needs to be successful is a bit of a stretch. -spence

"Romney has executive experience certainly, but to say his business background somehow gives him grand insight into what the US needs to be successful is a bit of a stretch"

WOW. OK, Spence. So in 2008, what was on Obama's resume that convinced you he had the grand insight into what the US needs? What had Obama done before 2008, that was more relevent to being POTUS than Romney's executive experience?

Spence, when you post here, you would do well to remember that we aren't all thoughtless lemmings.

P.S. If you don't htiunk that executive experience in the business world makes him qualified, how about his executive experience in the political world? The man was governor of Massachusetts.