By Tommy Christopher (Mediaite) For all of his bitching about President Obama and support for Mitt Romney, Schnatter’s stock price was at $51.90 per share on Election Day, more than triple the $16.58 it closed with when President Obama was inaugurated. On the other hand, during the eight years of the Bush administration, Papa John’s stock price leapt from $11.97 per share to $16.58, an improvement of $4.68.
By Adam Hartung (Forbes) The common viewpoint is that Republicans are good for business, which is good for the economy. Republican policies — and the more Adam Smith, invisible hand, limited regulation, lassaiz faire the better— are expected to create a robust, healthy, growing economy. Meanwhile, the common view of Democrat policies is that they too heavily favor regulation and higher taxes which are economy killers.
Well, for those who feel this way it may be time to review the last 80 years of economic history, Bob Deitrick and Lew Godlfarb have done it in a great, easy to read book; “Bulls, Bears and the Ballot Box” (available at Amazon.com) Their heavily researched, and footnoted, text brings forth some serious inconsistency between the common viewpoint of America’s dominant parties, and the reality of how America has performed since the start of the Great Depression.
The authors looked at a range of economic metrics including inflation, unemployment, corporate profit growth, stock market performance, household income growth, economy (GDP) growth, months in recession and others. To their surprise (I had the opportunity to interview Mr. Goldfarb) they discovered that laissez faire policies had far less benefits than expected, and in fact produced almost universal negative economic outcomes for the nation!
- Gross Domestic Product (GDP) has grown 7 times more under Democratic presidents
- Corporate profits have grown over 16% more per year under Democratic presidents (they actually declined under Republicans by an average of 4.53%/year)
- Average annual compound return on the stock market has been 18 times greater under Democratic presidents (If you invested $100k for 40 years of Republican administrations you had $126k at the end, if you invested $100k for 40 years of Democrat administrations you had $3.9M at the end)
- Republican presidents added 2.5 times more to the national debt than Democratic presidents
- The two times the economy steered into the ditch (Great Depression and Great Recession) were during Republican, laissez faire administrations
(NY Times) My wife is having an affair with a government executive. His role is to manage a project whose progress is seen worldwide as a demonstration of American leadership. (This might seem hyperbolic, but it is not an exaggeration.) I have met with him on several occasions, and he has been gracious. (I doubt if he is aware of my knowledge.) I have watched the affair intensify over the last year, and I have also benefited from his generosity. He is engaged in work that I am passionate about and is absolutely the right person for the job. I strongly feel that exposing the affair will create a major distraction that would adversely impact the success of an important effort. My issue: Should I acknowledge this affair and finally force closure? Should I suffer in silence for the next year or two for a project I feel must succeed? Should I be “true to my heart” and walk away from the entire miserable situation and put the episode behind me? NAME WITHHELD
Read A Message From Beyond – NYTimes.com for their answer.
By Garrett Haake (NBC) From the moment Mitt Romney stepped off stage Tuesday night, having just delivered a brief concession speech he wrote only that evening, the massive infrastructure surrounding his campaign quickly began to disassemble itself.
Aides taking cabs home late that night got rude awakenings when they found the credit cards linked to the campaign no longer worked.
rokkitgurl 23 points 4 hours ago*
No, they were told their expenses would be covered, regardless of the outcome that night. The Romney campaign went back on its word. Plain and simple.
One of my friends worked for the campaign. Her credit card was turned off well before midnight. In fact, it was deactivated after Pennsylvania was called, well before the end of the election night. She ended up leaving early and flew back to Minnesota that evening, on her own personal credit card. She also noted that most staffers were unable to book flights back to their home states on the cards, despite being told only hours earlier that the campaign would pay for it.
This was her 3rd presidential campaign job and says she’s never been more disgusted by Romney’s treatment of his staff in the final hours. She also said the McCain campaign not only paid for her flights home in ’08, but she was offered a job in McCain’s congressional office after the election. Most of Romney’s staffers will likely be unemployed until Inauguration Day.
EDIT: She’s just told me that the hotel rooms were NOT prepaid and many of the younger intern staffers, some that were paid minimum wage, were frantically calling their parents from Boston, post election morning, asking them to pay for the rooms!
EDIT 2: Just to clarify for those who messaged me… Yes, she basically was given her pink slip halfway through election night. When her card was deactivated, she knew she was unemployed at that point. It’s why she flew home so soon. She was at the airport waiting to catch a redeye when Romney gave his concession speech.
By Jed Lewison (DailyKos) I knew that despite actively supporting the Vietnam War, Mitt Romney had taken several deferments to avoid serving in it—including spending time in France as a missionary—but until watching the above video, I’d never seen this quote:
Mr. Romney, though, said that he sometimes had wished he were in Vietnam instead of France. “There were surely times on my mission when I was having a particularly difficult time accomplishing very little when I would have longed for the chance to be serving in the military,” he said in an interview, “but that was not to be.”
What an amazing quote. I mean, he had ample opportunity to serve if he wanted to. He took four deferments—that’s four chances that he passed up—yet he said with a straight face that he “would have longed for the chance to be serving in the military.” That’s just pathological B.S. right there. What a fraud.
Note: The video has a typo in it, saying that Romney offered the quote in November 2012. It was actually November 2007.