Romney Point News Today

>> 20 minutes in, carl smith has the dog on the roof. >> this is going to move no one i know who is not a complete geek. but they put a dog on top of the car. thats going to move people. how could you do that? >> the deep philosophical, ideological and political point here is not only the sense he doesnt have empathy. its the fact that empathy would have been an impediment to him doing his job at bain capital, right? the point is to be ruthless, to be an amoral robot and pursue profits. its just...

Mitt romney gave a speech about the debt and deficit. hes unveiled a debt clock, like the one midtown a few blocks from here. which is essentially meaningless, it gives a nominal value of the debt, not in relationship to gdp. john boehner also at the fiscal summit threatened another debt ceiling showndown. on the romney point, one of the things were discussing, were trying to understand whether republicans are making these debt and deficit arguments in good faith. and the reason theres reason to...

Somewhere else 679 as long as theyre trapped in that company, as long as you have bad corporate oversite and bad corporate governance, youll have these resources that are inefficiently trapped. and someone can come in and solve that problem and free them up and that allows the entire economy to grow. >> that has nothing to do with private equity. >> but why -- >> why not? i mean youre complaining that these shut-down factories and fired people. but shutting down factories and firing people is ho...

Into the next japan. >> explain what that means. >> so we are nothing like greece. greece doesnt have a sovereign currency, we do. but were acting as if you know, hyperinflation or something thats just around the corner. therefore we have to have austerity ourselves, that puts us into a long-term muddling along, weak recovery/recession bounce in bounce out. >> famously, many years of zero growth. >> you dont think thats true? >> no. >> japan is a monetary failure. >> go i want to emphasize. >> w...

Karl youre making a point about -- >> youre like i dont know if i want to say it on tv. that you know, this is not genuinely democratic. that this, i said its not an empire. >> so its as practically speaking its a german empire. germany is the largest economy, theyre driving the eurozone. and right now its falling apart because theyre not acting like the hegemond of europe. acting like this is our responsibility. we have to take care of our project. we have to pay whats necessary to keep our emp...

Stop borrowing unfathomable amounts of money that we cant even imagine. if youre borrowing from kirk stan, youre in trouble. if youre borrowing from canada or france, youre fine. heres an idea that joe s wiesenthal said we have a jobs deficit, were mired in sluggish growth. the fed isnt providing what they should be providing. karl youve written eloquently on that point. if you believe an expansionary policy, if you think thats the way out of the mess, if thats what youre voting on, you have a b...

This is not a place that had expert decent in managing. >> there are things that should go away. so palm is hanging on here, producing things, producing things, wasting u.s. resources when they just need to go away and that happens in the world and because -- >> karl smith, to the employees of palm, youre fired. so the management of the company, right, almost never has an incentive to shut the company down. >> there are people who get paid to do the hard work of shutting down businesses that nee...

Democracy. >> well, this point about the death of democracy is an important one. even though i said the eu is a democratic project. it doesnt feel like democracy to greece, greece is at the whimsy of its creditors and they, whats happening is you are seeing a democratic, a democratic rebellion. which if you say to people were going to impose horrible misery on you, would you like that? people go to the polls and say, we do not like that, no thank you, we will vote for whoever says we dont like t...

Project of transnational governance in the history of human kind on the planet that is not an empire, that democratic and we are watching the possible unraveling of it. the currency union and the political union are distinct things. but i think the stakes need to be planted in the ground for americans about why this matters. because i really think it does. >> i agree did matters enormously. when ways in germany i went there to report on this a couple of months back, the other thing i came away i...

This. tom, its unlike any day i know of in republican party politics or democratic party politics where a party got together and said, theres someone we have to stop in this race, and the attacks came on newt gingrich like weve never seen. bob dole, which is not surprising, a romney endorser putting out a letter saying newt was a lot of trouble to deal with in congressional leadership. a shocking piece by elliott abrams goes back to the point where newt gingrich had real differences with ronald ...