The Debates
- Thread starter PearlWatson
- Start date
Awesome!
Is there a waiting period before I make a play for the main? I like to drive.
You can try a coup at any time you like. I'll just delete your ***...
SaltyDawg
Well-Known Member
I'm claiming that if someone tried to pass a law that a pension couldn't invest in otherwise legal mutual funds, it would have no chance of passing. And if it was on a national level, assuming it was presented by a senate democrat, republicans would filibuster it. And further, it could effectively end the political career of whoever supported it.
Awesome!
Is there a waiting period before I make a play for the main? I like to drive.
I'm backing your play Spazz. We are taking over this enterprise!
I'm claiming that if someone tried to pass a law that a pension couldn't invest in otherwise legal mutual funds, it would have no chance of passing. And if it was on a national level, assuming it was presented by a senate democrat, republicans would filibuster it. And further, it could effectively end the political career of whoever supported it.
Oh, so it's legal, and there's nothing wrong with investing in Chinese companies? What are we talking about then?
SaltyDawg
Well-Known Member
Oh, so it's legal, and there's nothing wrong with investing in Chinese companies? What are we talking about then?
As I said, a mutual fund that invests in Chinese companies is a non issue. The issue is Romney saying a pension doing it is somehow equivalent to him personally selecting funds (and flying to China to personally inspect companies he's investing in).
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There have been series of books written about such laws over the last 20-30 years. Pension fund boards are required to invest assets under strict guidelines already. Every mutual fund provides a lengthy prospectus describing what it can and cannot invest in. These boards are already required to exclude many "otherwise legal mutual funds" based on state regulated investment parameters.
I can't explain it to you any simpler than this.
SaltyDawg
Well-Known Member
I'm fully aware that pensions are regulated. I'm also fully aware that if someone submitted a bill that made it illegal for pensions to invest in Joe Schmoe's mutual fund, just because they didn't like Joe Schmoe's investment choices, the bill would never see the light of day. And furthermore, any supporters of the bill would be putting their political careers at risk.
No matter how much it irks you, Romney being a "pioneer of outsourcing" is just not at all comparable to Obama's pension investing in a mutual fund that invested in some Chinese companies.
Zombie
Well-Known Member
Obama wiped the floor with Romney tonight. It was really interesting watching Romney swing way to the left from where he's been in the last few years/months. Had Romney made these arguments a few months ago I am pretty sure he wouldn't have made it out of the primaries.
D
Deleted member 365
Guest
Wow.... Facebook is awfully quiet tonight... Which means that Obama must have destroyed romney.
When Obama wins, people typically whine.
When he dominates, people typically are silent.
The same thing happened 4 years ago
When Obama wins, people typically whine.
When he dominates, people typically are silent.
The same thing happened 4 years ago
Zombie and Thriller say Obama won. Shocking.