Where is the US economy headed?

Surely the $5.8 billion has not ceased to exist?

What cause do you ascribe, hawk, to the "idiocy of the bank"?

Surely the $5.8 billion has not ceased to exist? Or if it has it might never have existed in the first place.

Greed combined with the failure to properly judge risk......same as the rest of the major economic problems we are currently dealing with.

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Greed combined with the failure to properly judge risk......same as the rest of the major economic problems we are currently dealing with.

Both of those causes beg the question hawk. I was cueing you for a nice rant about education.

I would be encouraging the idiots to ignore the so called education system....the one which keeps them stupid and docile, IE ripe for plunder.

Oh, and Reasoning Logic, keep the videos coming. ;-)

Big surprise! Bankers have been screwing the common man since Jesus kicked them out of the temple.

Whatever is said about bankers we still have a great deal to thank them for. And for the Christian mathematics that created them. Out of nowhere.

Oh, and there is more. Much, much more. Mr. Glenn Kessler should have to retract his judgment, though I'm certain he will follow in Politifact's footsteps and find a way to dig in harder. He will do this despite hard, factual evidence that Bain Capital not only invested in companies specializing in outsourcing services, but also invested in companies that moved operations overseas, just like the OFA ad claims.

In addition to taking an interest in companies that specialized in outsourcing services, Bain also invested in firms that moved or expanded their own operations outside of the United States.

One of those was a California bicycle manufacturer called GT Bicycle Inc. that Bain bought in 1993. The growing company relied on Asian labor, according to SEC filings. Two years later, with the company continuing to expand, Bain helped take it public. In 1998, when Bain owned 22 percent of GT’s stock and had three members on the board, the bicycle maker was sold to Schwinn, which had also moved much of its manufacturing offshore as part of a wider trend in the bicycle industry of turning to Chinese labor.

Another Bain investment was electronics manufacturer SMTC Corp. In June 1998, during Romney’s last year at Bain, his private equity firm acquired a Colorado manufacturer that specialized in the assembly of printed circuit boards. That was one of several preliminary steps in 1998 that would culminate in a corporate merger a year later, five months after Romney left Bain. In July 1999, the Colorado firm acquired SMTC Corp., SEC filings show. Bain became the largest shareholder of SMTC and held three seats on its corporate board. Within a year of Bain taking over, SMTC told the SEC it was expanding production in Ireland and Mexico.

The dates aren't an accident. These companies were on track to close and move operations overseas along with the jobs long before Romney left Bain. Long before.

The Obama campaign responded to the article with the following statement:

“Tonight's story in the Washington Post exposed Mitt Romney's breathtaking hypocrisy. He has campaigned all over this country, vowing that he would be an advocate for American jobs. But tonight we learned that he made a fortune advising companies on how to outsource jobs to China and India. Maybe that explains why, despite his campaign rhetoric, Romney continues to support tax policies that would reward companies who send American jobs overseas."

It really is devastating to Romney, after all. The whole premise of his candidacy rests on his so-called better ability to create jobs. Yet here he is, working hard to destroy them.

The next time you hear Mitt Romney claim that he's all about jobs, just remember how many he sent overseas. Oh, and fire the fact-checkers.

Are you certain that you want to give Christianity credit for this system that is failing?

But without the error our ladies would still be doing the washing on the river banks.