Good Morning Warren How are you this morning? I hope that all is well. Warren that is my point exactly you need both. It is the sellers that are claiming to be job creators, and simply taking a risk does not commerce make. as I have consistently stated a "business" needs customers, it is a complete equation. without the complete equation nothing is solved and no jobs are created. "ceteris paribus" all things being equal The more customers, the more successful the business, the smaller the number of customers the less successful the business.
Out side of "ceterus paribus"
(it means all thing s being equal some business only need a small number of customers to be successful that is usually high ticket luxury consumables. Now one like the previous model would not work with few customers is high ticket durable items, because of the long periods before the consumer makes another purchase. So the examples vary from industry to product mix. I must let know a secret, I took economics in college. It was an elective I took so I could learn about how the economy works.. During that time I studied the Wall Street Journal Fortune Magazine and the like. I was reading about venture capitalism, White Knights who come in and rescue business from a Corporate Raider, and Corporate Raisers who come in and try to buy companies, strong or weak, well below their value, knowing where they are undervalued, and how they can sell as is or chop them up and sell off parts, meanwhile scooping up pensions. Poison Pills where by targets against Corporate Raiders. They put together a Poison Pill(s) to make the company look like a bad bet, like taking on a huge amount of debt and killing the profit a raider might see. Leveraged buyouts where where the buyer used the value of the company they want to buy. They would look at the balance sheets and determine how best to proceed. They would borrow our money from the banks to finance the buy. Usually they convince the banks (usually bankers they have done business with in the past and is friendly to the buyer) to lend them much more than the business is actually worth. Then they payed themselves out of the loan of what is left of the loan after buying the company whether they put up any money or not out of their own pocket. So if the business did well, good, if it failed, no sweat off the raiders back, they have heir money.
it is Romney's love for this game that has me so concerned. If America would be a profitable sale for him? will he break it up and sell of the parts of our country if he finds it profitable for himself and his current investors? Will he borrow more money pocket it with a tax break and drive America into bankruptcy, just to benefit himself and his investors? Will they just want to own America for themselves? Iv'e see these guys in action, they are power hungry and hungry for dollars; they count wealth with righteousness and what they love is money. And God said, "For the LOVE of money is the root to all evil" Money is Romney's real god, he has worshiped at it's alter and he is fully persuaded by it. He will do most anything to get more.
My eyes are wide open Warren, and I always look back at past presidents and remember. The middle class has been under attack by the GOP since Nixon. with his wage freeze (www.econreview.com/events/wageprice1971b.htm
Voodoo Economics with Reagan (www.wisegeek.com/what-is-voodoo-economics.htm
Jun 11, 2012 – Voodoo economics is a derogatory term used to describe supply-side economics. The main purpose of voodoo economics is to reduce...)
And the Bush Tax Cuts which you already know. Warren I am 56 years old and I have seen a lot. And I remember it all, I've seen it before. When People like Bernie Madoff come, they are good looking guys with charm and swagger and people go to the bank or draw up a check and hand over their wealth to these guys and then they find out to late and lose the money they saved up for all their lives. If you can find American Greed On cable they tell not only about the greed of the con man, but the greed of people who fall for these guys, because they do not research these guys, just trust them with no real understanding f what they are doing. Fooling people sometimes for a decade or more before someone gets wise. And to try and trust a guy like Mr. Romney with a poor record in Massachusetts and shipping jobs offshore does not bode well for America. Warren You are free to vote for Mitt Romney. I would never ask you to change your vote. I want you to vote your heart. I just want you to understand my reasons for not voting for Mr. Romney. I like you and I respect you as a person, as a family man and as a good friend that I have come to know a bit about and I hope to learn more. Have a great weekend Warren Dew. Hope you and your family will be healthy wealthy and wise. Will you adopt me so I can have your last name? lol :)