Page 929 - Pensions News Today

All the money out of them before the people got laid off, cost their health care, cost their pensions, thats legal? that doesnt even seem fair. and if you look at adam smith, the father of capitalism, i guarantee you, nothing about capitalism squares with that kind of conduct. >> i have to get this in. basically we have -- to switch gears about an endorsement of former secretary of state colin powell on the "today" show this morning. he was asked whether he was ready to throw his support behind ...

But mr. ryan, congressman ryan, excuse me, what about this argument that he -- that mr. goolsbee raises about well, some of the many employees ended up having their pensions picked up by the federal government. >> well, look, this is an industry that was going down. a business that was going down. they tried to rescue it. they didnt succeed. this was done when mitt romney was at the olympic in that time. more of the point we are trying to make the obama administration is putting themselves in th...

clashes in chicago. police in riot gear trying to push back thousands of protesters racing to stop domestic terrorists. three violent plots to use guns and explosives have been uncovered and president obama addresses nato in one hour. time for damage control. newark mayor corey booker defends bain capital and calls the negative tone of president obamas campaign nauseating. then hours later, youtube video pops up with booker explaining. he gave us the soundtrack to the 70s. ♪ >> r...

Were very successful. they traded thousands of jobs. great success stories. more to the point we dont think the government h should be in the position of picking winners and losers in the economy which is result of the presidents economy. we have stagnation. >> chris: what about that argument that it is the private sector. if companies want to take a chance they take a chance but the government shouldnt be picking winners and losers. >> well, that is two different arguments. the first one i actu...

Turn over the records and let people see what the business record was. dont just pick two or three companies that are the success stories and say, look at these, because that invites, well, look at the ones that went wrong. in this case the company did horribly but the investors did great so it is a different situation than the normal investor philosophy which if we can turn the company around in a positive way we benefit, this is a case where they canceled pensions and drover the company into t...

Great success stories and we do not think the government should be in the position of picking winners and losers the result of the presidents economics. we have stagnation. >>chris: and now, what about that argument? if companies want to take a chance they take a chance but the government should not pick winners and losers. >>guest: that is two different arguments. first, i think is a little cheeky because in several of the bankruptcy cases you saw the investors profit by dumping the pensions on...

Bain capital and what free market economies and what those kind of capital investments, the full story of what can happen when theres wins and loses and people lose their jobs and pensions, but the investors are still able it recoup all of their initial investment, thats a fair category for us to take a look at. >> bain was mainly about making money, not about making jobs, job growth may have been a by-product in certain areas of bains investments, if we talk, wesley, about what happened in mass...

Forced to cut back in paris or madrid, that might mean less business for manufactures in pittsburgh or milwaukee. and that might mean a tougher time for families and communities that depend on that business. >> as the gross domestic products of the big european nations indicate. the austerity imposed on greece as a condition for loans from its european neighbors hasnt worked. the sharp cuts have accelerated the staggering erosion of greek gdp. you can see it falling off the chart there greek une...

So a big, liberal narrative has been about this 25-1 out spending. and a lot of this focus has been on walker and who the cosponsor come frs. but i feel like this is sort of the narrative. it sort of makes it seem like walker has no legitimate basis point. its an astroturf movement. but walker clearly has a real social base. and hes tapping with real resentments against unions. so when people nonunionize workers and middle class people see union privilege, see things like health care, pensions, ...

Politico late last year when they said our strategy is going to be to destroy him. were going to undercut his credibility, make him not likable, call him weird which is code for talking about mormonism. >> who said that? >> senior obama campaign advisors, i think its credible. >> can we go back to the question, which is mitt romneys record. a record of creating great wealth but not any jobs. >> youre not supposed to talk about bain, thats character assassination. >> is that character assassinati...