Author Topic: Romney's EXTREMELY poor grasp of basic economics  (Read 3976 times)

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Offline Freeper

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Romney's EXTREMELY poor grasp of basic economics
« on: August 06, 2012, 02:05:51 PM »
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Ian62 (243 posts)

Romney's EXTREMELY poor grasp of basic economics


 
Hurt him badly in his own wallet.

Romney splashed out $12m on a new house in California at or near the very top of the housing market.
The house lost 38.7% of it's value in 2 years.

If someone is this stupid with their own money, just imagine how stupid he would be with yours.
If someone is this stupid about basic economics imagine how much he would hurt America.

http://www.latimes.com/news/nationworld/nation/la-na-romney-property-tax-20120806,0,4428951,full.story

http://www.democraticunderground.com/10021081934

Yeah he is a moron when it comes to economics,  that's why Bain was such a failure, and why the 2002 Olympics ended up being canceled.  :mental:

We have seen how stupid 0bama has been with our money, does Solyndra ring a bell to you DUmmies?

Quote
uponit7771 (13,823 posts)
2. I think the Obama campaign should've made this case earlier; that rMoney doesn't know what

...he's doing with the US economy.

It should've been more explicit seeing that conservatives basically act as if Clinton 8 years didn't exist

Most of the budgets from those 8 years came from the Repukes.  :-)

Quote
hughee99 (8,714 posts)
6. So people who bought houses before the market dropped are stupid?

Last edited Mon Aug 6, 2012, 12:58 PM USA/ET - Edit history (1)

Which part of "basic economics" allows you to see what they value of your house will be 2 years in the future? Do you think it's a good campaign strategy to suggest that other people that this has happened to are also stupid?

Quote
Ian62 (243 posts)
12. So you don't think Romney is interested in saving himself $4.5m?

These people are never satisfied.
They always want MORE money.
That's how they value themselves - in dollar bills.

0bama wants more and more money, he is never satisfied. The difference is, 0bama wants the IRS to just take more and more of our money. People like Romney actually provide a service or product in order to get more money.

I may not lock my doors while sitting at a red light and a black man is near, but I sure as hell grab on tight to my wallet when any democrats are close by.

Offline thundley4

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Re: Romney's EXTREMELY poor grasp of basic economics
« Reply #1 on: August 06, 2012, 02:20:02 PM »
Obama is such an idiot with his own money that he donated $5K to his own campaign. Talk about wasted money. :hammer:

Offline Kyle Ricky

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Re: Romney's EXTREMELY poor grasp of basic economics
« Reply #2 on: August 06, 2012, 02:21:26 PM »
If anyone is economy stupid, it is obama.

Offline Freeper

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Re: Romney's EXTREMELY poor grasp of basic economics
« Reply #3 on: August 06, 2012, 02:21:42 PM »
Obama is such an idiot with his own money that he donated $5K to his own campaign. Talk about wasted money. :hammer:

It's ok he got that 5k from someone else anyway.
I may not lock my doors while sitting at a red light and a black man is near, but I sure as hell grab on tight to my wallet when any democrats are close by.

Offline DefiantSix

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Re: Romney's EXTREMELY poor grasp of basic economics
« Reply #4 on: August 06, 2012, 02:24:43 PM »
Ya know, I'm kinda in agreement with the DUmbass. :puke: I mean, Romney should know better than to invest his hard-earned on property IN A KNOWN CTD SOCIALIST HELLHOLE. Did he somehow think HIS private property would be somehow exempt when the CommieFornia Assembly came looking for stuff to confiscate/sell in order to pay off some creditor keep the mindless mob appeased?
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Offline FlaGator

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Re: Romney's EXTREMELY poor grasp of basic economics
« Reply #5 on: August 06, 2012, 02:54:38 PM »
Looking at the mess of things that Obama has brought about, I would say that Obama's grip on economic is tenuous at best
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Offline Airwolf

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Re: Romney's EXTREMELY poor grasp of basic economics
« Reply #6 on: August 06, 2012, 03:11:11 PM »
This from the same people that thinks 1+1 = Potato
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Offline Karin

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Re: Romney's EXTREMELY poor grasp of basic economics
« Reply #7 on: August 06, 2012, 03:19:12 PM »
You're too kind, Gator.  He's completely economically illiterate.  People who do know economics said so from the beginning.  When he said "profit to earnings ratio" I knew all I needed to know.

Someone asked him early on, "you don't have much business background.  What are you going to do in terms of expertise?"  king zero said, "That's what I have Valerie for." 

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Re: Romney's EXTREMELY poor grasp of basic economics
« Reply #8 on: August 06, 2012, 03:26:03 PM »
Oh, comeon -- Really ?

They are going to argue that Romney is a ruthless moneymaking  1%er machine while arguing that he doesn't know the first thing about economics ?

I'm not sure where this 5th dimensional thinking is coming from, but I certainly hope it doesn't result in this primitive going on a zombie rampage in the near future.

Maybe the primitive has seen one two many episodes of Fringe, and the Romney of the nearby parallel universe suffered a tragic brain injury as a child, and is now functioning as well as Forrest Gump.

Offline Zeus

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Re: Romney's EXTREMELY poor grasp of basic economics
« Reply #9 on: August 06, 2012, 03:34:19 PM »
Romney hasn't lost anything on the purchase of that real Estate, he is not selling it.  He does stand to save a busload on real estate taxes though due to the depressed value of the property.
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Offline jukin

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Re: Romney's EXTREMELY poor grasp of basic economics
« Reply #10 on: August 06, 2012, 03:40:45 PM »
The DUches do know that the Obamas were days away from filing for bankruptcy until Bill Ayers wrote Wyle B's first book of lies. Another stereotype proved.
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Offline obumazombie

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Re: Romney's EXTREMELY poor grasp of basic economics
« Reply #11 on: August 06, 2012, 03:53:16 PM »
If anyone is economy stupid, it is obama.
One of your best, if not your best post yet.
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Offline delilahmused

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Re: Romney's EXTREMELY poor grasp of basic economics
« Reply #12 on: August 06, 2012, 04:16:12 PM »
Okay so Romney is a rich 1% who's so incompetent about money he bought a house before the market tanked. And, of course, it couldn't just be because he liked the location and/or since he knows how the economy works, he knows the house won't be underwater forever. Can't believe their convoluted logic sometimes.

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Offline Traveshamockery

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Re: Romney's EXTREMELY poor grasp of basic economics
« Reply #13 on: August 06, 2012, 04:48:41 PM »
The Obamas were living on lines of credit before he hit it big with his book deals.  It appears the Obamas had no knowledge of how to manage their own money.  This, DUmmies, is economic illiteracy. 


http://www.americanthinker.com/blog/2009/04/the_obamas_were_in_debt_and_no.html

Offline thundley4

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Re: Romney's EXTREMELY poor grasp of basic economics
« Reply #14 on: August 06, 2012, 04:50:59 PM »
The Obamas were living on lines of credit before he hit it big with his book deals.  It appears the Obamas had no knowledge of how to manage their own money.  This, DUmmies, is economic illiteracy. 


http://www.americanthinker.com/blog/2009/04/the_obamas_were_in_debt_and_no.html

I still think the book deals were a scam just to get him recognition.  He was a nobody without a particular interesting or original story, yet he had to books before he ever accomplished anything.  Sounds like a set up for a Manchurian Candidate.

Offline Randy

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Re: Romney's EXTREMELY poor grasp of basic economics
« Reply #15 on: August 06, 2012, 04:54:36 PM »
Here in a couple weeks we'll have been in this house 3 years. We paid 89k on a house valued at 116, down from 140. It's now at 64 but that's up from 62. Do I care? Nope it's on it's way back up and will regain it's value when the economy recovers. Or not. Either way it's ours and it's what we wanted and worked for and we have no plans on leaving it.

Offline DefiantSix

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Re: Romney's EXTREMELY poor grasp of basic economics
« Reply #16 on: August 06, 2012, 04:56:15 PM »
I still think the book deals were a scam just to get him recognition.  He was a nobody without a particular interesting or original story, yet he had to books before he ever accomplished anything.  Sounds like a set up for a Manchurian Candidate.

Especially when you consider that damned near everything in those books, when you start looking and comparing the details, is provable complete and utter bullshit.
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Offline LC EFA

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Re: Romney's EXTREMELY poor grasp of basic economics
« Reply #17 on: August 06, 2012, 05:01:32 PM »
Oh, comeon -- Really ?

They are going to argue that Romney is a ruthless moneymaking  1%er machine while arguing that he doesn't know the first thing about economics ?

...

Well , these are the same people who think that the Sept 11th attacks were in reality an inside job, with holographic planes and micro-nukes bringing down buildings showing a degree of planning and coordination that boggles the mind - Yet President Bush was an incompetent idiot who couldn't wipe his ass without assistance...

Offline JohnnyReb

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Re: Romney's EXTREMELY poor grasp of basic economics
« Reply #18 on: August 06, 2012, 06:20:43 PM »
My house is worth 8 times or more than it cost me to build it 43 years ago. Using that as a gauge, I'm a freaking economic genius so vote for me for president.
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Re: Romney's EXTREMELY poor grasp of basic economics
« Reply #19 on: August 06, 2012, 06:27:47 PM »
My house is worth 8 times or more than it cost me to build it 43 years ago. Using that as a gauge, I'm a freaking economic genius so vote for me for president.
JohnnyRebzombie doesn't sound as good as owebumazombie.
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Offline JohnnyReb

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Re: Romney's EXTREMELY poor grasp of basic economics
« Reply #20 on: August 06, 2012, 06:33:56 PM »
JohnnyRebzombie doesn't sound as good as owebumazombie.

You want style or substance? I got both, you know.
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Offline Ralph Wiggum

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Re: Re: Re: Romney's EXTREMELY poor grasp of basic economics
« Reply #21 on: August 06, 2012, 06:50:15 PM »
Romney hasn't lost anything on the purchase of that real Estate, he is not selling it.  He does stand to save a busload on real estate taxes though due to the depressed value of the property.

Ding ding ding, we have our winner.  Excellent points, Zeus.
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Re: Re: Re: Romney's EXTREMELY poor grasp of basic economics
« Reply #22 on: August 06, 2012, 07:09:46 PM »
Ding ding ding, we have our winner.  Excellent points, Zeus.

Also consider Barry is spending more on his campaign ads than he is taking in, even with his daily fundraisers!   :lmao:

He's a f'n economic genius!   :lmao:
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Offline Chris_

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Re: Re: Re: Romney's EXTREMELY poor grasp of basic economics
« Reply #23 on: August 06, 2012, 07:10:26 PM »
Also consider Barry is spending more on his campaign ads than he is taking in, even with his daily fundraisers!   :lmao:

He's a f'n economic genius!   :lmao:
He's running his campaign like he's been running the country for the last 3+ years.  No surprise there.
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Offline zeitgeist

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Re: Romney's EXTREMELY poor grasp of basic economics
« Reply #24 on: August 06, 2012, 07:30:54 PM »
I still think the book deals were a scam just to get him recognition.  He was a nobody without a particular interesting or original story, yet he had to books before he ever accomplished anything.  Sounds like a set up for a Manchurian Candidate.

I was over at the Thinker a few days ago reading their stuff on his 'book writing' ability.  Scam is putting things mildly.
Hat tip to Trav for that article.  I was also looking at Obie's released taxes on the web but hadn't seen that article.

Obie is a fraud through and through there is just too much proof out there to think otherwise.  If the MSM had any integrity this Bozo would have never made it to the Senate let alone the White House.

He and Michelle just aren't that bright. Affirmative action may trump equal opportunity but it you are not going to get anything more out than you put in.  A bright child denied opportunity is one thing a mediocre child is another, Obie is that mediocre child. With all the advantages he has had he should be a world beater but when you see him unplugged or read his unedited writing it is obvious. You cannot make a silk purse out of a Barry big ear.  Michelle aka Aunt Ester is an even bigger train wreck.  :panic:



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