Skip to main content

View Diary: Murdochgate: News Corp. Hemorrhaging 1,000's of Stores from its Supermarket Ad Division (33 comments)

Comment Preferences

  •  I don't comment much about actual races (0+ / 0-)

    and candidates, but more on policy issues. Public policy is the area that interests me and why I blog here.

    The whole Romney/Private Equity thing was largely a communications issue of which I did a very poor job understanding what others were writing about. I kept thinking they were writing about the Bain Capital investment partnerships and people were intending to mean Bain Capital, the management company. While they often used the wrong terms I should have clarified my comments better. While I have never worked at a PE firm, on behalf of a former employer I was a limited partner in several so I have more understanding than most here at DKOS about how PE actually works. I have also been a General Partner of investment partnerships in other areas (not PE) and how all of these investment partnerships work is very common. Nearly every diary, and many comments, about Bain Capital had factual errors and I was hoping to be a source of information, but it came across to most as advocacy. I did a poor job. I do have experience in areas that are relatively uncommon here such as serving on public company boards of directors, actually recruiting and negotiating compensation for CEOs and other senior executive, chairing public company compensation and audit committees, and being a professional investor. I have a solid background in tax, although we have a handful of people here who are expert practitioners and I am not in their league. However, with the exception of our few experts much of what is written here about tax have glaring errors of fact. This allows me to bring some real world experience, and context, to the discussion of certain issues. I am glad the election is over, and Romney lost, and many of the issues in the campaign have moved off the pages of DKOS.

    "let's talk about that"

    by VClib on Fri Jan 18, 2013 at 11:10:23 AM PST

    [ Parent ]

    •  I really do appreciate it when Kogs share their (0+ / 0-)

      expertise here.  Really.  I do.

      But I don't think this is limited to your repeated inability to discern, over dozens and dozens and DOZENS of diaries that many people were upset over how Bain Capital made money for its partners as opposed to its investors.  In order for your story to be true, you were simultaneously this big, swinging d--k (see Liar's Poker) who knew the world of PE and everyone else was an idiot who got basic facts wrong, yet you were too thick to recognize that an investment company could use The Producers as a business model.

      Here's another firm in a completely different field who found a way to do that.  

      So how can this be?  You're deeply steeped in a rarified world where few know the ins and out or the lingo, yet almost everyone at this site can understand a concept that was so completely beyond you?  Realistically, isn't it far more likely that you played the naif rather than that someone as brilliant as you really was that stupid?

      This site has a very short and easy to understand mission statement.  Ducking the question of which candidates you support on this site just makes you look like you have something really awful to hide.  

      And this is not the first time you've avoided very direct questions about your politics.  If you declined to discuss your politics on an investment board or a fishing forum that would be completely understandable, but DK is explicitly a political site.   Furthermore, you don't stay in the Pootie and Music and Books corners.  You're in all the news threads. This is the equivalent of posting on an investment board, advocating strongly and repeatedly for various monetary policies that would affect bond prices, and then flat out refusing to say whether you were long or short on them or what mix your preferred.

      And given what you've shared about your career experience, it seems you've spent a lot of time working closely with not just the 1%, but the .01%.  That could seriously skew your sense of what's right, what's fair, or what's appropriate when setting policy for an entire country.  And once more, by repeatedly sweeping your politics under the rug, your behavior suggests not merely acknowledgement that you're not among landsmen, but guilt.  After all, your politics must be so abhorrent to the typical DK reader you dare not share them.  Ever.

      These are some of the many reasons why I have my doubts as to why you're really posting here.  

      •  madhause - I have been a Democrat since (0+ / 0-)

        I was eight years old and handing our flyers for my uncle who was running for state legislature in the Democratic primary where the Dem primary winner was a lock. My Dad was a blue collar Depression era high school dropout, my Mom worked at the local Sears store in the back office. I grew up in a fourth floor walk up. My family has always been solid Democrat and so have I. I am much more of a JFK Democrat than a Teddy Kennedy Democrat, but being a Democrat here is essentially a given. I am very liberal on social issues, and more free market on economic issues. I live in a very Democratic area where essentially all the public office holders are Dems. I tend to view politics more from the perspective of a political scientist than an advocate.

        I feel badly about the Bain dialogue I could have done a much better job of helping people put information into a much more accurate context.  There was so much misinformation that I would just start writing and should have given it much more thought. But that is water under the bridge. My guess is that no major political party will run an investor, or big company CEO, for national office or even most state wide offices for the foreseeable future.

        Mostly, I do have fun here and I learn things and there is a growing group of people who seem to appreciate my contribution.

        "let's talk about that"

        by VClib on Fri Jan 18, 2013 at 09:29:34 PM PST

        [ Parent ]

        •  Yes, you've given your history before (0+ / 0-)

          And I believe you when you talked about that.  I even believe that you feel badly how the Bain stuff went, and I know what it's like when trying to correct amateur misunderstandings but fail to do so because they're in such a different place than you.

          Fact remains, you duck a lot of direct questions.  On a politics site.  About your politics.

          You didn't say who you voted for.  You said who people voted for where you lived.  More ducking.  Do you even realize how much you do this, or do you think you're being so clever trying to sneak this past me?  

          I would appreciate your contributions, given that you do have a background few people here have, if I didn't have the overwhelming sense you are hiding something and are here to subvert the discussion.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site