Page 879 - Pensions News Today

Get tax breaks for it. you can invest in a company, bankrupt it, and lay off the workers, strip away their pensions, and you still make money. thats exactly the philosophy that weve seen in place for the last decade. thats whats been squeezing middle-class families. and we have fought back for four years to get out of that mess. the last thing we need to do is to go back to the same policies that got us there. >> mr. president, the next question is going to be for you here. mr. r, governor romne...

>> that is great defense. we want to get to your favorite moment before we leave. >> obamas, when he talked about romneys elusive tax plan. >> governor romney says. he doesnt have a five-point plan. he has a one point plan. that plan is -- make a lot less. you can shifted jobs overseas and get tax breaks for it. you can invest in a company, bankrupt it. lay off the workers. strip away their pensions and you still make money. that is exactly the philosophy that weve seen in place for the last d...

Bret stevens, foreign affairs columnist from "the wall street journal" as well as walter russell meade, professor of humanities of bart college and professor at large for american interest. do you have the same feelings that were not getting the big ideas, the big picture, walter that really we need to make this decision? >> well you know i think what weve got is the democrats are trying to protect a system that is sort of breaking down. it is interesting, three of the big cities in new york sta...

You can invest in a company, bankrupt it, lay off the workers, strip away pensions and you still make money. thats exactly the philosophy that weve seen in place for the last decade. thats whats been squeezing middle class families. and we have fought back for four years to get out of that mess. the last thing we need to do is to go back to the very same policies that got us there. >> you know, hes explained what happened with equity businesses. they strip a company, cut the costs, flip it. >> y...

Somebody who makes a lot less. you can ship jobs overseas and get tax breaks for it. you can invest in a company, bankrupt it, lay off the workers, strip away their pensions, and you still make money. thats exactly the philosophy that weve seen in place for the last decade. thats whats been squeezing middle class families. and we have fought back for four years to get out of that mess and the last thing we need to do is to go back to the very same policies that got us there. >> mr. president, th...

Out of the second debate. >> well, absolutely. i mean, this was an intense debate. you know, the only real brevity moment is the moment they go back and forth on the pensions and the whole room laughs a little bit to relieve the tension but so seeing the families come up and really kind of seeing that, you know, that intensity. michele obama and barack obama kind of patting each other like a reassurance and, you know, ann romney looking nervous walking up and kind of subdued and we need to ask t...

Somebody who makes a lot less. you can ship jobs overseas and get tax breaks for it. you can invest in a company, bankrupt it, lay off the workers, strip away pensions and you still make money. thats exactly the philosophy that weve seen in place for the last decade. thats whats been squeezing middle class families. and we have fought back for four years to get out of that mess. the last thing we need to do is to go back to the very same policies that got us there. >> you know, hes explained wha...

The rate of return is more like 8 percent. in reality its nothing like that. >> with this new study they have roughly $1.2 trillion in a gap between what they promised to pay future retirees and what they will have on hand to cover those benefits. that is about 300 million more than the firm itself. it shows pensions are accurate with the short fall estimate. the study also estimated median return to be 8 percent when the returns dropped to 3.2 percent over the last five years. unfunded liabilit...

Let him get away with it. he is a great salesman. id buy a car from him. >> tom, how do you see it? >> i see it as good for the country. i think these debates have reenergized the country. i think that the two candidates have to have big ideas and theyre going to have to be explained not only coherently but practically speaking. theyll have to be candid with the american public. i think well hear from president obama as we did not in that first debate a lot more about the 47% remarks, about the ...

Id buy a car from him. >> tom, how do you see it? >> i see it as good for the country. i think these debates have reenergized the country. i think that the two candidates have to have big ideas and theyre going to have to be explained not only coherently but practically speaking. theyll have to be candid with the american public. i think well hear from president obama as we did not in that first debate a lot more about the 47% remarks, about the auto bailout for general motors. i think the chall...