Political Roundtable Part XI

[dckingsfan]

There definitely is value in promotion/salesmanship. However trump tends to have a history in his business of success when reality has often been financially disastrous.

Anyone who is/has been a successful entrepreneur, and attempts to expand their portfolio realizes failures are inevitable

You test the waters of a new venture (as a new entity), set a maximum time to turn a profit. If you don't make that date? Dissolve, and reinvest new funds into another idea. You don't want to be the guy 4 years later who keeps telling themselves success is right around the corner, just to remain "positive". Positivity eventually is just another word for denial.

Repeat the process until you find success. If you're not occasionally failing outside your core business, you're stagnant or simply not being creative enough to create new revenue streams for yourself.

Also in any failure, you gain knowledge which helps refine subsequent ideas. You also get new business relationships to leverage, just expands the network.

Anyone expecting to bat anywhere near .600 on new major business ventures isn't a serial entrepreneur. Criticizing a millionaire/billionaire because some of their ideas imploded is actually a compliment. The goal is to make money, not bat 1.000%.

I agree with everything you say. Failures are an outgrowth of being aggressive.

A few words: Conservative mass hysteria over Solyndra. (Which wasn't even necessarily a "failure" in the true sense of the word. But was about the Chinese.)

So failure is okay if the President is a Republican. But a dem? No so much.

Got it.

I think I would say that the Government shouldn't be investing in private companies. If it is private investments, that is fine in my book. Maybe even local government making bets on creating local jobs - maybe. But not the fed.

Now, if it is investment in research - great.

I still see that stimulus as an epic fail.

[dckingsfan]

So Betsy DeVos is a serious Christian wingnut:

http://thehill.com/blogs/blog-briefing-room/news/308616-trumps-education-nominee-said-she-was-trying-to-advance-gods

Scary that someone like this who has no ability whatsoever to separate church and state is now responsible for our children's education.

During the interview, DeVos was asked if she wanted to “destroy our public schools.”

"No, we are for good education, and for having every child have an opportunity for good education," she responded.

“We both believe that competition and choices make everyone better and that ultimately if the system that prevails in the United States today had more competition — there were more choices for people to make freely — that all of the schools would become better as a result."

Evil

[Induveca]

There definitely is value in promotion/salesmanship. However trump tends to have a history in his business of success when reality has often been financially disastrous.

Anyone who is/has been a successful entrepreneur, and attempts to expand their portfolio realizes failures are inevitable

You test the waters of a new venture (as a new entity), set a maximum time to turn a profit. If you don't make that date? Dissolve, and reinvest new funds into another idea. You don't want to be the guy 4 years later who keeps telling themselves success is right around the corner, just to remain "positive". Positivity eventually is just another word for denial.

Repeat the process until you find success. If you're not occasionally failing outside your core business, you're stagnant or simply not being creative enough to create new revenue streams for yourself.

Also in any failure, you gain knowledge which helps refine subsequent ideas. You also get new business relationships to leverage, just expands the network.

Anyone expecting to bat anywhere near .600 on new major business ventures isn't a serial entrepreneur. Criticizing a millionaire/billionaire because some of their ideas imploded is actually a compliment. The goal is to make money, not bat 1.000%.

I agree with everything you say. Failures are an outgrowth of being aggressive.

A few words: Conservative mass hysteria over Solyndra. (Which wasn't even necessarily a "failure" in the true sense of the word. But was about the Chinese.)

So failure is okay if the President is a Republican. But a dem? No so much.

Got it.

I wasn't talking political party affiliation, just the benefit of someone with thousands of entrepreneurial activities under his belt will undoubtedly be a net positive in any trade negotiation.

So many more variables come to play when a former successful businessman turned quasi-politician is negotiating potential deals vs a pure politician.

It certainly means change, which is all I wanted via this election.

Also Solyndra was a foolish attempt as the federal government essentially acting as a Venture Capitalist, and touting the investment as a political triumph. I believe they did something similar with a Chevy electric car. You don't move markets or consumer demand by the President and VP applauding a 535 million dollar investment in a startup company.

http://m.washingtontimes.com/news/2015/aug/26/solyndra-misled-government-get-535-million-solar-p/

That 500+ million was just pure unadulterated corruption, or horrible due diligence and business ignorance....regardless of the political party.

Did Republicans bash Obama relentlessly? Sure. But NO VC would have ever backed that project at that price, their connections with Gore's network and lobbyists won them that investment.

[closg00]

Enter the new Orwellian Age of fake news and a new President who believes what he wants to believe, fact-free.

http://www.huffingtonpost.com/entry/trump-russia-hacking_us_584867cde4b0d0aa037ee370

[dckingsfan]

Enter the new Orwellian Age of fake news and a new President who believes what he wants to believe, fact-free.

http://www.huffingtonpost.com/entry/trump-russia-hacking_us_584867cde4b0d0aa037ee370

He can be such a knucklehead.

[DCZards]

So Betsy DeVos is a serious Christian wingnut:

http://thehill.com/blogs/blog-briefing-room/news/308616-trumps-education-nominee-said-she-was-trying-to-advance-gods

Scary that someone like this who has no ability whatsoever to separate church and state is now responsible for our children's education.

During the interview, DeVos was asked if she wanted to “destroy our public schools.”

"No, we are for good education, and for having every child have an opportunity for good education," she responded.

“We both believe that competition and choices make everyone better and that ultimately if the system that prevails in the United States today had more competition — there were more choices for people to make freely — that all of the schools would become better as a result."

Evil

The issue with DeVos is not that she supports competition. It's that what she's fought longest and hardest for (and invested the most money in) is giving taxpayer dollars to private and religious schools in the form of vouchers. That's a serious church and state issue/problem...and a serious drain on funding for public schools.

[pineappleheadindc]

Anyone who is/has been a successful entrepreneur, and attempts to expand their portfolio realizes failures are inevitable

You test the waters of a new venture (as a new entity), set a maximum time to turn a profit. If you don't make that date? Dissolve, and reinvest new funds into another idea. You don't want to be the guy 4 years later who keeps telling themselves success is right around the corner, just to remain "positive". Positivity eventually is just another word for denial.

Repeat the process until you find success. If you're not occasionally failing outside your core business, you're stagnant or simply not being creative enough to create new revenue streams for yourself.

Also in any failure, you gain knowledge which helps refine subsequent ideas. You also get new business relationships to leverage, just expands the network.

Anyone expecting to bat anywhere near .600 on new major business ventures isn't a serial entrepreneur. Criticizing a millionaire/billionaire because some of their ideas imploded is actually a compliment. The goal is to make money, not bat 1.000%.

I agree with everything you say. Failures are an outgrowth of being aggressive.

A few words: Conservative mass hysteria over Solyndra. (Which wasn't even necessarily a "failure" in the true sense of the word. But was about the Chinese.)

So failure is okay if the President is a Republican. But a dem? No so much.

Got it.

I think I would say that the Government shouldn't be investing in private companies. If it is private investments, that is fine in my book. Maybe even local government making bets on creating local jobs - maybe. But not the fed.

Now, if it is investment in research - great.

I still see that stimulus as an epic fail.

Please copy/paste, below, and input two numbers in Arabic figures:

a. Carrier jobs Trump claims to have "saved" to great acclaim:
b. Jobs the auto bailout saved:

[pineappleheadindc]

Anyone who is/has been a successful entrepreneur, and attempts to expand their portfolio realizes failures are inevitable

You test the waters of a new venture (as a new entity), set a maximum time to turn a profit. If you don't make that date? Dissolve, and reinvest new funds into another idea. You don't want to be the guy 4 years later who keeps telling themselves success is right around the corner, just to remain "positive". Positivity eventually is just another word for denial.

Repeat the process until you find success. If you're not occasionally failing outside your core business, you're stagnant or simply not being creative enough to create new revenue streams for yourself.

Also in any failure, you gain knowledge which helps refine subsequent ideas. You also get new business relationships to leverage, just expands the network.

Anyone expecting to bat anywhere near .600 on new major business ventures isn't a serial entrepreneur. Criticizing a millionaire/billionaire because some of their ideas imploded is actually a compliment. The goal is to make money, not bat 1.000%.

I agree with everything you say. Failures are an outgrowth of being aggressive.

A few words: Conservative mass hysteria over Solyndra. (Which wasn't even necessarily a "failure" in the true sense of the word. But was about the Chinese.)

So failure is okay if the President is a Republican. But a dem? No so much.

Got it.

I wasn't talking political party affiliation, just the benefit of someone with thousands of entrepreneurial activities under his belt will undoubtedly be a net positive in any trade negotiation.

So many more variables come to play when a former successful businessman turned quasi-politician is negotiating potential deals vs a pure politician.

It certainly means change, which is all I wanted via this election.

Also Solyndra was a foolish attempt as the federal government essentially acting as a Venture Capitalist, and touting the investment as a political triumph. I believe they did something similar with a Chevy electric car. You don't move markets or consumer demand by the President and VP applauding a 535 million dollar investment in a startup company.

http://m.washingtontimes.com/news/2015/aug/26/solyndra-misled-government-get-535-million-solar-p/

That 500+ million was just pure unadulterated corruption, or horrible due diligence and business ignorance....regardless of the political party.

Did Republicans bash Obama relentlessly? Sure. But NO VC would have ever backed that project at that price, their connections with Gore's network and lobbyists won them that investment.

This history of this thing has everything to do with Chinese intervention.

[pineappleheadindc]

Enter the new Orwellian Age of fake news and a new President who believes what he wants to believe, fact-free.

http://www.huffingtonpost.com/entry/trump-russia-hacking_us_584867cde4b0d0aa037ee370

Don't get pizza at Comet Ping Pong (for personal safety purposes).

We are in a post-fact world.

[TGW]

In today's "You Cant Make This Up!", President-Elect Biff Tannen (credit to Monte) appoints none other than Linda McMahon of the WWE to head of the SBA.

No, I'm not kidding. This lady now is the head of the Small Business Administration:







Trump voters should be so proud.

[pineappleheadindc]

I nominate Sarah Palin for Education Secretary.

Also, Alex Jones for Press Secretary.

[dckingsfan]

Please copy/paste, below, and input two numbers in Arabic figures:

a. Carrier jobs Trump claims to have "saved" to great acclaim:
b. Jobs the auto bailout saved:

Pine, I didn't vote for Trump. It doesn't mean I'm not critical of the really bad stimulus package.

[dckingsfan]

In today's "You Cant Make This Up!", President Elect Biff Tannen (credit to Monte) appoints none other than Linda McMahon of the WWE to head of the SBA.

hahaha!!!!

[TGW]

Please copy/paste, below, and input two numbers in Arabic figures:

a. Carrier jobs Trump claims to have "saved" to great acclaim:
b. Jobs the auto bailout saved:

Pine, I didn't vote for Trump. It doesn't mean I'm not critical of the really bad stimulus package.

Seems like the stimulus package worked out...big-time. Unemployment at a 10 year low, many jobs saved, and many people not only kept their homes, but many were able to buy homes.

Obama has several failures...the stimulus package wasn't one of them IMO.

[AFM]

In today's "You Cant Make This Up!", President Elect Biff Tannen (credit to Monte) appoints none other than Linda McMahon of the WWE to head of the SBA.

hahaha!!!!

LOL!!!!!
I'm at the gym right now laughing my ass off

[dckingsfan]

Please copy/paste, below, and input two numbers in Arabic figures:

a. Carrier jobs Trump claims to have "saved" to great acclaim:
b. Jobs the auto bailout saved:

Pine, I didn't vote for Trump. It doesn't mean I'm not critical of the really bad stimulus package.

Seems like the stimulus package worked out...big-time. Unemployment at a 10 year low, many jobs saved, and many people not only kept their homes, but many were able to buy homes.

Obama has several failures...the stimulus package wasn't one of them IMO.

Those two benefits had nothing to do with that stimulus package

[dckingsfan]

In today's "You Cant Make This Up!", President Elect Biff Tannen (credit to Monte) appoints none other than Linda McMahon of the WWE to head of the SBA.

hahaha!!!!

And now Scott Pruitt... wow.

[dckingsfan]

...but many were able to buy homes.

Credit Restrictions Cost Home Buyers ‘Deal of a Lifetime
http://www.wsj.com/articles/credit-restrictions-cost-home-buyers-deal-of-a-lifetime-1480874593

Sean Dobson wanted to start a mortgage bank four years ago to serve borrowers with middling credit or irregular income. He eventually decided that growing regulatory hurdles and other costs would erase his returns.

Instead, he purchased thousands of homes in states from Texas to Indiana and now rents them to people who might have been his borrowers.

U.S. consumers and businesses have enjoyed ultralow borrowing costs since the financial crisis because the Federal Reserve pinned interest rates near zero. At the same time, regulators and lenders intent on fortifying the financial system have clamped down on risk-taking, making it harder for many borrowers to get loans.

[nate33]

LOL. Washington Post admits to publishing fake news:

Editor’s Note: The Washington Post on Nov. 24 published a story on the work of four sets of researchers who have examined what they say are Russian propaganda efforts to undermine American democracy and interests. One of them was PropOrNot, a group that insists on public anonymity, which issued a report identifying more than 200 websites that, in its view, wittingly or unwittingly published or echoed Russian propaganda. A number of those sites have objected to being included on PropOrNot’s list, and some of the sites, as well as others not on the list, have publicly challenged the group’s methodology and conclusions. The Post, which did not name any of the sites, does not itself vouch for the validity of PropOrNot’s findings regarding any individual media outlet, nor did the article purport to do so. Since publication of The Post’s story, PropOrNot has removed some sites from its list.

As Adrian Chen wrote for the New Yorker, its methods were really messy, and verification of its work was nearly impossible. While “fake news” worked to Trump’s advantage, and email hacks of Clinton staffers pointed to Russian bad hombres, Chen writes, “the prospect of legitimate dissenting voices being labelled fake news or Russian propaganda by mysterious groups of ex-government employees, with the help of a national newspaper, is even scarier.”

https://www.washingtonian.com/2016/12/07/washington-post-appends-editors-note-russian-propaganda-story/

[TGW]

...but many were able to buy homes.

Credit Restrictions Cost Home Buyers ‘Deal of a Lifetime
http://www.wsj.com/articles/credit-restrictions-cost-home-buyers-deal-of-a-lifetime-1480874593

Sean Dobson wanted to start a mortgage bank four years ago to serve borrowers with middling credit or irregular income. He eventually decided that growing regulatory hurdles and other costs would erase his returns.

Instead, he purchased thousands of homes in states from Texas to Indiana and now rents them to people who might have been his borrowers.

U.S. consumers and businesses have enjoyed ultralow borrowing costs since the financial crisis because the Federal Reserve pinned interest rates near zero. At the same time, regulators and lenders intent on fortifying the financial system have clamped down on risk-taking, making it harder for many borrowers to get loans.

Well of course this would happen, DCK. You really think the feds would lend money to the banks with the same restrictions pre-bubble burst? Lending rules had to change. Risk had to be decreased significantly.

The government had to force both the mortgage industry and private borrowers to become more responsible with their money.

I suggest you watch the Big Short to see exactly what happened within the mortgage industry.