Capitalism versus socialism; Romney versus Obama
Talking Points 9/28
- Duration 6:48
- Date Sep 28, 2012
Talking Points 9/28
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-- Bill O'Reilly thanks for watching us and -- capitalism vs socialism Romney vs Obama that is a subject.
Of this evening's talking points now.
Earlier this week the far left magazine -- -- -- Jones.
Possibly one of Fidel Castro's favorite publications.
Put out another old video -- Mitt Romney.
Bain Capital is an investment partnership.
Which was formed to invest in startup company is an ongoing companies then to take an active hand in managing them.
And hopefully five to eight years later to harvest them at a significant profit we had the consulting resources.
And management skills and management resources.
To become actively involved in the companies we invest it in to help them realize their potential value.
Now even though mother Jones is appalled.
That's what capitalism.
Is -- -- companies should make it more profitable.
Than if you're lucky you sell them for lots of money.
That's the free marketplace that's capital is.
-- sometimes a free market systems brutal.
But it does provide vast opportunity for those willing to work hard take chances.
Capitalism is made the USA the most powerful nation on earth so primary reason of millions of people all over the world are desperate -- -- year.
But apparently some who support President Obama.
Don't much like capitalism.
When Mitt Romney was talking about -- -- and maximizing profits.
How when he was really talking about is -- technique of squeezing payrolls in payrolls.
-- are about 70% of the cost structure of most companies.
And the easiest way of harvesting.
Products that is profits how with a relatively short term is to squeeze payrolls to get rid of people -- cut cut cut benefits to even cut wages.
That -- doctor Robert Wright socialist.
Always has been I've known for years.
He doesn't like the fact that some American companies maximize profits by limiting compensation workers.
And controlling their heart and which you don't have to work for them.
-- wants guaranteed wages salaries ten year all -- things have happened in socialistic countries.
Question is -- President Obama embrace that point of view does he believe the same things that doctor Reich and Mother Jones Magazine believe.
The answer to that question it is may be possibly.
But -- President Obama is far too Smart to define himself as a socialist sympathizer.
We have no hard data on which to base a definitive.
The president certainly wants to control economic outcomes that's what.
Income redistribution it is and that's a solid socialists had.
But so far mr.
Obama has not seized.
He has however taken over the medical care industry but congress gave him the authority to do that.
He didn't do it by executive he.
Now I know many you gonna write to me school Ream me screaming.
In for -- that Barack Obama is a raving socialist.
You might be right.
But shall never approve it.
The president does want to regulate corporate activity to some extent.
But after the mortgage investment -- that led to the terrible recession.
We need some federal oversight on financial gangsters.
The huge mistake mr.
Obama's making is that he wants to run the entire US economy from Washington.
That has gotten into -- economic trouble.
Blaming the continuing economic mess on President Bush is hollow and cynical it is the president's.
That are driving economic results.
45 months is more than enough time to reignite the powerful American economic engine more than enough time.
You can't solve all the problems in that time but you can certainly gained some economic momentum.
That has not happened.
Median -- for American households down about 5000 bucks in five years very -- Health insurance premiums up 18%.
In three years and going higher under Obama care.
Gas prices up 106%.
Obama took office a complete disaster.
National debt up five point four trillion dollars under the president going hire a catastrophe.
And while -- -- workers are flat or down corporate profits are up signaling more economic balance in America.
I used to be that economic stats like those would do -- and incumbent president that's happening this year.
Barack Obama is not even conceding.
That his policies haven't work he's essentially saying they will work if you give me four more years and millions of Americans seem to be on board with that.
As a president's poll numbers are higher than most expect.
The Rasmussen daily tracking poll today has mr.
Obama up by 1% 4746.
In the eleven swing states that will decide the election.
Rasmussen has a race tied 46463%.
Remain undecided in the swing states that.
That's much closer than most of the other polling which talking points exposed earlier this week.
As being heavily weighted to the democratic -- We hear are putting our trust in Rasmussen this year because that outfit was the most accurate polling center in 2008.
America's society is changing rapidly with social media now dominating the lives of many citizens and bid is.
Bitter partisanship on both sides backed by billions of dollars.
Just today we learned that our pal George Soros is pony up close -- two million dollars to help the president.
Back out of money talks and what it says will not be complementary to Mitt Romney.
The governor has the economic stats on his side but it's clear that he and Paul -- steel.
Not convinced the casual voter that they can improve the economy.
The -- moment will come next Wednesday in Denver when he confronts mr.
Obama and the first debate for the governor it is really the only today.
He must -- or he will not recover.
He has to show that he cares about the folks and that his expertise.
Can return the nation of prosperity while more of Barack Obama.
Would be a disaster.
Quite a challenge run and the media is heavily rooting for his opponent but the folks are generally fair and they will be watching.
Whether it's live time or after the fact on the net and the folks will make up their own minds.
So the governor does have a chance.
As a drama bills.
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