Joni Hilton explains why Romney should get the job...

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_Drifting
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Joni Hilton explains why Romney should get the job...

Post by _Drifting »

When I lived in Los Angeles, occasionally I’d go to concerts at the Hollywood Bowl. One time I went with some girlfriends, and after one particular performance one of them said, “I always like to read the paper the next day, to see what the critics say and see if I was right.” I told her I also liked to read what the critics say, but it was to see if the critics were right.

That may sound overly confident, but my ticket is paying for the musicians to perform, and it’s my own standards I care most about. So it is with politics; I never lose sight of the fact that I am, and you are, their boss.

So let’s look at the country like it’s a company. Your company. You’ve hired a guy to head it up, and instead of keeping the promises he made during the interview, he has run it into the ground. He has wildly overspent the budget you gave him, destroyed your credit, ignored your mission statement, blamed his failures on previous employees, and has even run around and apologized for your company to other companies. On the plus side, he’s done nothing whatsoever to balance out the disastrous stuff. Would you keep him or fire him? I mean, he has a nice severance package, so at least there’s that. (And he keeps making you think of that phrase, “We think the fox is clever until we remember the stupidity of chickens.”) But I would absolutely fire him. Let him get a job with the companies he felt deserved an apology.

Now, amazingly, you have a new applicant who actually has some experience running a company like yours. In fact, he’s an economic genius. You look over his resume and are astounded at his experience in saving organizations and turning them around. This is what you’ve always dreamed of, but thought could never happen. After all, such guys rarely consent to work for low-paying companies like yours. We all complain that the really top performers are never interested in jobs like this—they’re so successful they don’t need the aggravation. Your heart is pounding and you think to yourself, “Sign him up before he changes his mind!”

But then some of the other workers say he’s not gregarious enough, not a natural showman. And now you think of yourself having a terrible accident, bleeding out, and calling for the paramedics. But when they arrive, you say, “Whoa, whoa, hold it—before you put me on that gurney, do you have any experience as a comedian? Because otherwise, I’m not sure you’re the right guy to help me here.” Crazy, right? Any thinking person would just want to stop the hemorrhaging. Being hilarious is hardly a requirement when there’s an emergency.

So you go back to the basics and you think, “What does this company need right now?” And it’s a desperate need, not just a comfy “boy, this would be nice” wish list. Otherwise your company is going to go the way of Greece. You need someone who knows how to rescue, how to take action, how to solve financial problems swiftly and surely. Someone who knows how to surround himself with other brainy, experienced leaders who can get you rolling again. Someone who actually loves and believes in your company as much as you do.

That’s why Mitt Romney has my vote. Not because he’s LDS. Not because he’s handsome or well-spoken or has a cute wife and a bevy of wholesome sons. It’s because he’s the best danged employee you could ever hope or pray to find. We need an economic rescue and we need it this November.


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_MeDotOrg
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Re: Joni Hilton explains why Romney should get the job...

Post by _MeDotOrg »

Joni Hilton wrote:So let’s look at the country like it’s a company. Your company. You’ve hired a guy to head it up, and instead of keeping the promises he made during the interview, he has run it into the ground. He has wildly overspent the budget you gave him, destroyed your credit, ignored your mission statement, blamed his failures on previous employees, and has even run around and apologized for your company to other companies. On the plus side, he’s done nothing whatsoever to balance out the disastrous stuff. Would you keep him or fire him? I mean, he has a nice severance package, so at least there’s that. (And he keeps making you think of that phrase, “We think the fox is clever until we remember the stupidity of chickens.”) But I would absolutely fire him. Let him get a job with the companies he felt deserved an apology.

Are all of our problems reducible to simple analogies? Is government like a company? Are we hiring a new CEO every 4 years? What makes a great President? How many great Presidents were great businessmen? Lincoln? Teddy or Franklin Roosevelt? Reagan? George W. Bush was a successful businessman. Does being a successful businessman automatically translate into being a skilled politician, or a good President?

A Government is not like a corporation. Corporations are Plutocracies, our government is a Democracy. The President cannot fire Congressmen who actively oppose and fight the President's agenda. In business they would be gone. This is a democracy, we have to learn to work together. The skill set needed to run a country does not necessarily translate from business. Ross Perot was a very successful businessman, but he was dogmatic and autocratic. He would have made a terrible President.

Romney's '47%' statement reveals the pitfalls of thinking business is like government. He says he won't get, and doesn't need, those people to win. He approaches an election like a proxy fight with a recalcitrant board of directors.

That's even before I get to the erroneous analogies. "He has wildly overspent the budget you gave him." Budgets are passed by Congress. The Tea Party obstructionists who caused our credit rating to be downgraded were refusing to fund a budget that Congress already passed. 'Apoligizing to other companies?' Which countries? When? Specifically, name one horrible thing that he said.

At the risk of being obvious, one reason we're experiencing the slowest recovery since the Great Depression is that we're in the greatest financial downturn since the Great Depression. It was a bubble caused in no small part by a lack of regulation and oversight, and Mitt Romney wants to dismantle the rather anemic Dodd-Frank bill so that we have virtually no oversight. If you look at the history of booms and busts in capitalism, the one constant is that human nature does not change. Every 30 or 40 years, in a fit of hubris, we tell ourselves we really don't need regulations because we're smarter now and have learned our lessons. Then we have a great boom and bust. And some people are actually astounded when bipolar capitalism starts acting bipolar when we stop regulating it.

We don't need simple analogies right now. The situation is bit more complex than that.
"The great problem of any civilization is how to rejuvenate itself without rebarbarization."
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"We've kept more promises than we've even made"
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_LittleNipper
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Re: Joni Hilton explains why Romney should get the job...

Post by _LittleNipper »

MeDotOrg wrote:
Joni Hilton wrote:So let’s look at the country like it’s a company. Your company. You’ve hired a guy to head it up, and instead of keeping the promises he made during the interview, he has run it into the ground. He has wildly overspent the budget you gave him, destroyed your credit, ignored your mission statement, blamed his failures on previous employees, and has even run around and apologized for your company to other companies. On the plus side, he’s done nothing whatsoever to balance out the disastrous stuff. Would you keep him or fire him? I mean, he has a nice severance package, so at least there’s that. (And he keeps making you think of that phrase, “We think the fox is clever until we remember the stupidity of chickens.”) But I would absolutely fire him. Let him get a job with the companies he felt deserved an apology.

Are all of our problems reducible to simple analogies? Is government like a company? Are we hiring a new CEO every 4 years? What makes a great President? How many great Presidents were great businessmen? Lincoln? Teddy or Franklin Roosevelt? Reagan? George W. Bush was a successful businessman. Does being a successful businessman automatically translate into being a skilled politician, or a good President?

A Government is not like a corporation. Corporations are Plutocracies, our government is a Democracy. The President cannot fire Congressmen who actively oppose and fight the President's agenda. In business they would be gone. This is a democracy, we have to learn to work together. The skill set needed to run a country does not necessarily translate from business. Ross Perot was a very successful businessman, but he was dogmatic and autocratic. He would have made a terrible President.

Romney's '47%' statement reveals the pitfalls of thinking business is like government. He says he won't get, and doesn't need, those people to win. He approaches an election like a proxy fight with a recalcitrant board of directors.

That's even before I get to the erroneous analogies. "He has wildly overspent the budget you gave him." Budgets are passed by Congress. The Tea Party obstructionists who caused our credit rating to be downgraded were refusing to fund a budget that Congress already passed. 'Apoligizing to other companies?' Which countries? When? Specifically, name one horrible thing that he said.

At the risk of being obvious, one reason we're experiencing the slowest recovery since the Great Depression is that we're in the greatest financial downturn since the Great Depression. It was a bubble caused in no small part by a lack of regulation and oversight, and Mitt Romney wants to dismantle the rather anemic Dodd-Frank bill so that we have virtually no oversight. If you look at the history of booms and busts in capitalism, the one constant is that human nature does not change. Every 30 or 40 years, in a fit of hubris, we tell ourselves we really don't need regulations because we're smarter now and have learned our lessons. Then we have a great boom and bust. And some people are actually astounded when bipolar capitalism starts acting bipolar when we stop regulating it.

We don't need simple analogies right now. The situation is bit more complex than that.

We have lots of regulation for business, the Democrats simply all but ended the regulations surrounding financing home mortgages and that bubble busted when people couldn't pay the interest rates as fuels prices began to skyrocket. The problem is that what is needed is community regulation and not FEDERAL regulations. The Federal government doesn't know what a "Riverside, New Jersey" needs to grow and prosper. The Federal government only understands blanket regulations for everybody everywhere. The Federal Government hires lots of people that it pays lots of our tax money to see that Business A runs exactly as the book says. In the meantime, jobs are lost as business moves to places where regulations are unheard of... The Federal government and the State do not know how to run a business and they have proven this time and time again. With them it is all about CONTROL and manipulation of funds. They do not know people and they do not understand specific area problems.
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Re: Joni Hilton explains why Romney should get the job...

Post by _moksha »

Drifting wrote: You need someone who knows how to rescue, how to take action, how to solve financial problems swiftly and surely.


Damn straight! Strip the assets, sell what's left and then shut down the rotting hulk of the factory. It has worked before and it will continue to work in this dispensation.

Good thing Romney's business experience is not in a company that makes and sells products, otherwise he would be at a loss when he found out that America does not actually make or sell products. However, he could show those IRS people a thing or two about how to raid all the assets.
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Re: Joni Hilton explains why Romney should get the job...

Post by _MeDotOrg »

LittleNipper wrote:We have lots of regulation for business, the Democrats simply all but ended the regulations surrounding financing home mortgages and that bubble busted when people couldn't pay the interest rates as fuels prices began to skyrocket. The problem is that what is needed is community regulation and not FEDERAL regulations. The Federal government doesn't know what a "Riverside, New Jersey" needs to grow and prosper. The Federal government only understands blanket regulations for everybody everywhere. The Federal Government hires lots of people that it pays lots of our tax money to see that Business A runs exactly as the book says. In the meantime, jobs are lost as business moves to places where regulations are unheard of... The Federal government and the State do not know how to run a business and they have proven this time and time again. With them it is all about CONTROL and manipulation of funds. They do not know people and they do not understand specific area problems.

The simplest way to explain the mortgage bubble is that is was caused by a decoupling of risk and reward. In the bad old days, mortgages were given by Savings & Loans that did due diligence on the buyer, because if the buyer didn't pay off the mortgage, the S & L lost. With the deregulation of Banks and S & Ls, mortgages became a commodity to be bought and sold, (the infamous 'Collateralized Debt Obligations' or CDOs) risk and reward were decoupled and the market lost 'moral discipline'. Why? Because the home loan brokers didn't care if the person could afford the home or not. They were making money on the commission and turning around and selling the mortgages to investment banks and commercial banks, who packaged all kinds of debt together as CDOs, which in turn were sold to investors. Mortgage brokers preferred selling sub-prime mortgages, because they made higher commissions. The market tanked, not from higher gasoline prices, but when the sub-prime borrowers began defaulting on their balloon payments, payments the mortgage brokers knew full well they would never be able to make.

By the way, both Democrats and Republicans had their hands in this. Clinton signed the repeal of Glass-Steagall, but a higher percentage of Republicans supported the bill than Democrats. Phil Graham, one of the Republican sponsors of the bill and the self-proclaimed 'Godfather of deregulation' was John McCain's finance adviser, until he referred to Americans as 'a nation of crybabies' during the financial free-fall of 2008.

The mortgage market started to go south in 2006 and 2007 when gas prices were relatively low. The bankruptcy of Lehman Brothers and the subsequent bailout of AIG (due to unregulated Credit Default Swaps) were a result of actions started long before gas prices spiked in the fall of 2008.

As far as " business moving to places where regulations are unheard of", is your point that we should dismantle all regulations? Do workers in the United States have to compete with the lowest common denominator of workers in other countries? Should we all put in our applications to Foxconn?
"The great problem of any civilization is how to rejuvenate itself without rebarbarization."
- Will Durant
"We've kept more promises than we've even made"
- Donald Trump
"Of what meaning is the world without mind? The question cannot exist."
- Edwin Land
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Re: Joni Hilton explains why Romney should get the job...

Post by _beastie »


Now, amazingly, you have a new applicant who actually has some experience running a company like yours.


The closest experience he has to running a company "like ours" is as governor of Mass. His resume is not so shiny in that regard.


But then some of the other workers say he’s not gregarious enough, not a natural showman. And now you think of yourself having a terrible accident, bleeding out, and calling for the paramedics. But when they arrive, you say, “Whoa, whoa, hold it—before you put me on that gurney, do you have any experience as a comedian? Because otherwise, I’m not sure you’re the right guy to help me here.” Crazy, right? Any thinking person would just want to stop the hemorrhaging. Being hilarious is hardly a requirement when there’s an emergency.



No one expects a comedian for a president. But we do expect someone who can use the bully pulpit to inspire, to unite the country in a common goal. Mitt Romney once recognized the truth in what he now criticizes Obama for saying: that you can't change Washington from the inside. It has to come from outside - from us. And we have to be inspired to be able to envision and demand that change.

Whether or not Obama has done a good job in that regard is debatable. But it is not debatable that the ability to inspire is part of the job.
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Re: Joni Hilton explains why Romney should get the job...

Post by _beastie »

If Mitt were to run the US like Bain, he'd take over the US and incur a lot of debt for the US in the process. The hope is that borrowed money will end up making the company more productive, but the risk is that it won't and the company will go bankrupt partly due to that incurred debt.

Funny, it sounds like a stimulus package to me.
We hate to seem like we don’t trust every nut with a story, but there’s evidence we can point to, and dance while shouting taunting phrases.

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