Romney's Bain Capital Clear Channel Network-owners of WSPD

Romney's propaganda network?

Wayne Barrett, investigative reporter for Newsweek magazine and The Daily Beast, discusses Mitt Romney’s link to Rush Limbaugh through Bain Capital’s acquisition of Clear Channel Communications (MORE)
http://current.com/shows/countdown/videos/wayne-barrett-on-the-clear-cha...

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GM Ventures and MSNBC is their propaganda network.

Which one is bigger? MSNBC or WSPD?

MikeyA

This is a very funny video. Quite often on here WSPD has been accused of supporting Ron Paul, now we find out the Bain, which owns CC, wants us to carry water for Romney. I wish to hell they would make up their minds LOL.

Any statement I make is the opinion of me exercising my first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and is generally permitted.

Water Boy Fred promotes vulture capitalist Mitt Romney with flawed logic. The Mittster practiced a form of capitalism that has run the nation into a black hole of unsustainability. When the financial industry became larger than our industrial industry we were headed for bankruptcy. With the help of Bain Capital we were able to outsource America for the benefit of the few while Middle class America was relegated to the poverty of a low paid service economy.

So WSPD hides behind it so-called fund raising for charities while promoting poverty in a winner-take-all corporate capitalist system that benefits the few....the owners of Clear Channel.

Statements made are the opinion of the writer who is exercising his first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and are generally permitted.

Today we are taking a break from our usual hate filled right wing demagoguing to raise funds for the City Of Hope......text givehope to 27722 to make a $10 donation. Tomorrow it's back to our usual programming.

Any statement I make is the opinion of me exercising my first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and is generally permitted.

Well that didn't last long did it? Quote from a poster just a few days ago-"I agree I will no longer use the name Fred Lefebvre as common courtesy if the constant complainer will reciprocate."
I'm certainly not hiding behind fund raising as it's something I do on a regular basis as witnessed by my homepage. I'm fairly sure the people at City Of Hope won't be concerned about me being a water boy for WSPD/Bain when millions of dollars are donated today by people who are able to put aside their petty feelings for a greater good.

Any statement I make is the opinion of me exercising my first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and is generally permitted.

Cut and paste extravaganza- link for the full story follows these quotes about Obama handling of GM bond holders.
"But in its aggressive dealings with U.S. automakers, most recently General Motors, the Obama administration is coming dangerously close to engaging in financial engineering that ignores basic principles of fairness and economic realities to further political goals."
"While the Obama administration has been playing hardball with bondholders, it has been more than happy to play nice with the United Auto Workers. How else to explain why a retiree health-care fund controlled by the UAW is slated to get a 39 percent equity stake in GM for its remaining $10 billion in claims while bondholders are being pressured to take a 10 percent stake for their $27 billion? "
"But it's too bad that the Obama administration has not thought more deeply about how its bullying of bondholders could convince future investors that the last thing they want to do is put money into any company that the government has -- or could -- become involved in."

http://www.washingtonpost.com/wp-dyn/content/article/2009/05/25/AR200905...

Any statement I make is the opinion of me exercising my first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and is generally permitted.

General Motors Corp. GM +0.79% told owners of 1,100 U.S. dealerships Friday that it intends to drop them from its retail network, a new indication that the auto maker appears headed for a bankruptcy filing as soon as June 1.
The 1,100 GM dealerships to be cut represent the first wave of a wider downsizing of the company's network. In total, the company plans to eliminate about 2,400 of its 5,969 stores. Among them are 470 dealerships that sell Saturns, Saabs and Hummers. GM plans to sell or shut down those brands.
The above info is from the WSJ. Assuming only one person works at each dealership, which we know isn't right, that means the Obama administration and GM put at least 2,400 people out of work. That is certainly more than the number cited in the GST Steel story.

Any statement I make is the opinion of me exercising my first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and is generally permitted.

Wall Street Journal
March 8, 2012,
Inside Ford's Fight to Avoid Disaster
By BRYCE G. HOFFMAN

http://online.wsj.com/article/SB1000142405297020478180457726941021710103...

Quote from article:

Ford and rivals Toyota and Honda jointly appealed to the U.S. Treasury, urging it take steps to prevent the U.S. auto-parts industry from collapse.
The Project Quark team met every day, often gathering before 7 a.m. and working late into the night. The situation was so fluid that they briefed Mr. Brown two or three times a day. They were constantly war-gaming a series of scenarios, updating them throughout the crisis as the situation evolved and new data became available. These included the collapse of Chrysler, the failure of GM, and a decision by Toyota Motor Corp. or Honda Motor Co. to close one or more of their U.S. factories.... Mr. Brown's team tried to predict how each scenario would impact each of Ford's suppliers and recommended specific actions that would be necessary to support those deemed worthy of saving.

And this:

Thanks to globalization, all of the world's auto makers had become mutually dependent on a complex web of suppliers that fed one another across oceans and national boundaries. Ford bought parts from members of Toyota's keiretsu partners, and those suppliers bought components from American parts manufacturers like Delphi Corp., which also supplied Toyota's plants in the United States. By late 2008 that web was in danger of collapsing, and everyone in the industry knew it. The fear was as palpable in Tokyo and Nagoya as it was in Dearborn and Detroit.

Also this:

Ford, Toyota, and Honda even sent a letter to the U.S. Treasury Department explaining how interconnected the automotive supply base was and urging the federal government to take concrete steps to protect it. They persuaded Nissan Motor Co. to sign it, too. A year earlier, this would have been unthinkable. These companies had been trying to kill one another for the better part of forty years. Industry veterans like [Executive Chairman] Bill Ford had a hard time stomaching it, but Mr. Mulally was thrilled: It was his working together philosophy taken to its logical extreme.

Full Article: http://online.wsj.com/article/SB1000142405297020478180457726941021710103...

Other sources:
Book: Ford secretly partnered with Toyota, Honda during economic crisis
http://www.autoblog.com/2012/03/02/book-ford-secretly-partnered-with-toy...

Buy the book: American Icon: Alan Mulally and the Fight to Save Ford Motor Company
http://www.amazon.com/American-Icon-Mulally-Fight-Company/dp/0307886050/...

Statements made are the opinion of the writer who is exercising his first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and are generally permitted.

It took me awhile to read through all this but it was worth it to be able to say that I saw nothing about WSPD or Clear Channel being owned by Bain in any of the articles. At first I thought it was just me but I checked the topic of the post and indeed it was "Romney's Bain Capital Clear Channel Network-owners of WSPD. I guess the poster didn't realize that none of the above information had any relevance to the topic.

Any statement I make is the opinion of me exercising my first amendment right to freedom of speech. Freedom of speech in the United States is protected by the First Amendment to the United States Constitution and is generally permitted.

You are ignoring historical perspective as well as modern economic globalization. We allowed the private sector to run in an uncontrolled fashion before in this country. The Federal government let thousands of businesses, many of them huge corporations, go bankrupt. The President continued to state that this was all part of a normal business cycle, and everything would work out just fine. We call this time The Great Depression.

Starting with Ronald Reagan, and continuing with both Republican and Democratic Administrations through Bush #43, we deregulated the private sector. The results? The Great Recession. Never challenge worse. If it hadn't been for government intervention, including governmental stimuli, we would have come closer to the economic chaos that marked the Great Depression.

You conservatives can live in Egypt all you want (Land of De-Nile), but the economy has bottomed out in this country, and the surpluses in the budgets of our state and our city have much more to do with a very slow recovery than with who is in charge of those governments. Without the bold, courageous leadership of President Obama, things would have been much worse. Never challenge worse. If Mitt gets elected, and conservatives win control of both Houses of Congress, either they will have to change their stated goals for what the Federal Government will do, or things will get worse!

Because of globalization, if there would be a total economic collapse in Europe, that would send us again into economic decline, no matter who is in charge of our government.

The government interfered so hugely in the GM faux bankruptcy that it was literally criminal. Sadly, that same government is tasked by default to punish such criminal behavior. So nothing was done. And nothing will be done.

GM was allowed to sling liabilities into "Motors Liquidation Corp", keeping assets for itself, while consigning the then-current common shareholders into holding the essentially worthless MLC stock. Meanwhile, it also mistreated the bondholders, who by law should have been first in line in the bankruptcy. Another poster has outlined some of that, above.

All that is blatantly criminal activity. But even in resorting to the World Court for this, nothing can be done. The Congress sat around while it was done. The Congress, Presidency and courts won't do anything about it. We can't seek justice for it.

The prevailing party candidates won't do anything about it, so it won't change in the future, either. And the government and UAW (spit) now hold so much GM common stock that any attempt to sell a significant part of that, would cause the price to collapse even more (noting well that it's 33% down from the "IPO" price of $33 as it is).

Even worse -- yes, it gets worse -- people still showed up in droves to buy the new common stock of GM. We are getting what we deserve; the previous shareholders were basically robbed, and yet people still wanted to buy back into the same sort of scam (i.e. GM stock). Why are people such morons? Have we totally lost our minds with greed?

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