All Things Mitt

[dime21]

Originally Posted by MadeTheSwitch

Actually, even some of the Republicans want to see Romney's tax returns. I laugh every time Romney says the public is not interested in them. In his dreams. He WISHES that people were not interested in what he is hiding, but just as with any other job interview, the interviewer(s) do in fact care about what the applicant may be hiding.

Why is this even an issue? Apparently you're more upset about what Romney is doing with his money, than what Obama is doing with yours and mine.

[.Andy]

Originally Posted by dime21

Apparently you're more upset about what Romney is doing with his money, than what Obama is doing with yours and mine.

Regurgitate those quotes dime21. Don't bother thinking for yourself.

[dime21]

Originally Posted by .Andy

Regurgitate those quotes dime21. Don't bother thinking for yourself.

The quote is funny because it fits you people so perfectly, it's spot-on. Forget balancing the budget. Forget the Trillions squandered by Obama. All we need is a little Hope-n-Change, that'll fix everything, right? Lol.

The fact remains, the number one issue on people's minds this November is going to be the economy - something Obama has failed miserably at.

[MorphingDragon]

Originally Posted by dime21

Right. Forget balancing the budget. Forget the Trillions squandered by Obama. All we need is a little Hope-n-Change, that'll fix everything, right? Lol.

Forget all of that under GOP rule.

[rdowns]

Originally Posted by dime21

The quote is funny because it fits you people so perfectly, it's spot-on. Forget balancing the budget. Forget the Trillions squandered by Obama. All we need is a little Hope-n-Change, that'll fix everything, right? Lol.

Yes, trillions squandered. Warning: facts below.

[MadeTheSwitch]

Originally Posted by dime21

Why is this even an issue? Apparently you're more upset about what Romney is doing with his money, than what Obama is doing with yours and mine.

Because he has had inconsistencies in his tax records before, because even now, he has not released even one complete year, much less the required two (what's taking so long? Trying to clean up the record?), and because he has dug in his heels so much that it is clear there really is some sort of problem with them...something he does not want people to know. Something that is worse then taking heat for not releasing them.

THAT'S why.

[mcrain]

Originally Posted by MadeTheSwitch

THAT'S why.

That and he doesn't want to be seen as "that felon running for President."

[Huntn]

Originally Posted by rdowns

Yes, trillions squandered. Warning: facts below.

By all means lets blame Obama, not Bush, not the GOP and the imbedded warmongers who are now rallying that they are the solution, not at least, a major part of the problem, who since day one have been in there trying to stop Obama from accomplishing anything, until they can seize control again. How patriotic, how noble.

[vega07]

Mitt Romney Flip Flops Again on Abortion and Women's Rights.

Hilarious and frightening at the same time. Oh gosh, Mitt.

[Huntn]

Originally Posted by vega07

Mitt Romney Flip Flops Again on Abortion and Women's Rights.

Hilarious and frightening at the same time. Oh gosh, Mitt.

Conservatives cherish their right wing agenda so much, how can they trust him to do the right thing?

Why is Mitt talking down the poor while wanting to hand trillions to the 1%ers?

Huntington Post:
Mitt Romney Criticized By Franciscan Friars For Comments On The Poor

WASHINGTON-- The Franciscan Action Network (FAN), a Catholic faith-based advocacy and civic engagement organization, is strongly criticizing Mitt Romney's recent ads and rhetoric regarding welfare programs and welfare recipients, urging him to spend some time in low-income communities.

"Our Christian tradition teaches that we are to treat the poor with dignity and to prioritize the poor in our policies as a society," the organization said in a press release on Thursday. "At a time when millions are struggling financially, it is degrading to talk about the 'dependency' of people hurting in this economy, as Gov. Romney did recently."

[vega07]

Recently came upon a Vanity Fair article about Mitt's taxes.

Here's an eye-opener:

All the assets on Mitt’s financial disclosures are in blind trusts or retirement accounts held by him and Ann. Blind trusts are designed to avoid conflicts of interest for those in public office by having politicians’ assets managed by independent trustees. The Romneys’ blind trust was created when Mitt was elected governor of Massachusetts. Curiously, the Romneys appointed Bradford Malt as their trustee. It’s certainly true that under Malt the trusts don’t appear to be as blind as they might be: for instance, in 2010 the Romneys invested $10 million in the start-up of the Solamere Founders Fund, co-founded by their eldest son, Tagg, and Spencer Zwick, Romney’s onetime top campaign fund-raiser; Solamere is now in the Ann Romney blind trust. Malt has said he invested in Solamere without consulting Mitt or Ann and explained he liked Solamere because of its diversified approach and because he knew the founders and had confidence in them.

(Malt is his tax lawyer.)

Yeah....right....

In case you guys haven't read the entire article, check it out. Some really interesting points.

[tmagman]

Originally Posted by rdowns

Yes, trillions squandered. Warning: facts below.

Facts incorrect.

This graph shows that public debt to GDP isn't slated to reach 100% until after 2019. Hate to break it to them, but the public debt to GDP is already over 100% as of early this year. The number is shown to be lower (as in this article- only one of which I looked at: http://blogs.wsj.com/marketbeat/2012...big-and-cheap/) because they attempt to not count the debt owed to other parts of the government such as the SS Trust Fund and Medicare (which by definition is still 'public').

[Huntn]

Originally Posted by vega07

Recently came upon a Vanity Fair article about Mitt's taxes.

Here's an eye-opener:



(Malt is his tax lawyer.)

Yeah....right....

In case you guys haven't read the entire article, check it out. Some really interesting points.

Fascinating coincidence, lol!

[Eraserhead]

Originally Posted by tmagman

This graph shows that public debt to GDP isn't slated to reach 100% until after 2019. Hate to break it to them, but the public debt to GDP is already over 100% as of early this year.

Plenty of other people, e.g. the Economist give the 73% figure.

[Eraserhead]

From Vanity Fair

e money sucked into Tax Haven U.S.A., often via the “feeder” tax havens, is frequently tax-evading and other criminal foreign money, in the spirit of Hudson’s 1966 memo, and it is predominantly channeled not into productive investment but into real estate and financial business.

I wonder why property and the financial sector are so oversized...

[Peace]

Tax problems you say ?

http://www.huffingtonpost.com/2012/0...n_1849570.html

Bain Capital Among Private Equity Firms Probed Over Tax Strategy.

[vega07]

Originally Posted by Peace

Tax problems you say ?

http://www.huffingtonpost.com/2012/0...n_1849570.html

Bain Capital Among Private Equity Firms Probed Over Tax Strategy.

I wonder how far this will go. Surely all of this is VERY UN-PRESIDENTIAL of a presidential candidate...?

I don't know much bias there was, but that Vanity Fair article really takes Mitt being unfit for president to a whole new level.

[Sydde]

In the latest Rolling Stone cover article, Matt Taibbi reiterates that he has a hair up a dark place over Mr. Willard. It paints Bain Capital as a company that employed devious financial tricks to steal money from businesses, often destroying them and causing the communities they supported to suffer, sometimes even wither up.

It is not clear that these venture capitalists provide any sort of value or useful service to markets, when pressed they themselves have a hard time justifying what they do. My suspicion is that when the top tax rates get loosened up, this is the kind of thing that the wealthy do with more money, which, as the article suggests, results in the exact opposite of job creation.

So that is really the kind of thing Mitt has to offer us. His concept of business management involves LBOs that impose the buyer's debt upon the company that was taken over, to the sole benefit of the buyer (and calls into question dime21's characterization of "his money", as it is more like loot and plunder). How that kind of chicanery would translate to effective management of a nation totally escapes me.

[Huntn]

Originally Posted by Sydde

In the latest Rolling Stone cover article, Matt Taibbi reiterates that he has a hair up a dark place over Mr. Willard. It paints Bain Capital as a company that employed devious financial tricks to steal money from businesses, often destroying them and causing the communities they supported to suffer, sometimes even wither up.

It is not clear that these venture capitalists provide any sort of value or useful service to markets, when pressed they themselves have a hard time justifying what they do. My suspicion is that when the top tax rates get loosened up, this is the kind of thing that the wealthy do with more money, which, as the article suggests, results in the exact opposite of job creation.

So that is really the kind of thing Mitt has to offer us. His concept of business management involves LBOs that impose the buyer's debt upon the company that was taken over, to the sole benefit of the buyer (and calls into question dime21's characterization of "his money", as it is more like loot and plunder). How that kind of chicanery would translate to effective management of a nation totally escapes me.

So apparently he was smart enough to make money by leveraging up companies and then extracting profits. The legitimate question does this qualify him as a "job creator" (I'd say no). And is he smart enough to solve a much different problem, the countries debt?

From the link:

But what most voters don't know is the way Mitt Romney actually made his fortune: by borrowing vast sums of money that other people were forced to pay back. This is the plain, stark reality that has somehow eluded America's top political journalists for two consecutive presidential campaigns: Mitt Romney is one of the greatest and most irresponsible debt creators of all time. In the past few decades, in fact, Romney has piled more debt onto more unsuspecting companies, written more gigantic checks that other people have to cover, than perhaps all but a handful of people on planet Earth.

By making debt the centerpiece of his campaign, Romney was making a calculated bluff of historic dimensions – placing a massive all-in bet on the rank incompetence of the American press corps. The result has been a brilliant comedy: A man makes a $250 million fortune loading up companies with debt and then extracting million-dollar fees from those same companies, in exchange for the generous service of telling them who needs to be fired in order to finance the debt payments he saddled them with in the first place. That same man then runs for president riding an image of children roasting on flames of debt, choosing as his running mate perhaps the only politician in America more pompous and self-righteous on the subject of the evils of borrowed money than the candidate himself. If Romney pulls off this whopper, you'll have to tip your hat to him: No one in history has ever successfully run for president riding this big of a lie. It's almost enough to make you think he really is qualified for the White House.

In a typical private-equity fragging, Bain put up a mere $18 million to acquire KB Toys and got big banks to finance the remaining $302 million it needed. Less than a year and a half after the purchase, Bain decided to give itself a gift known as a "dividend recapitalization." The firm induced KB Toys to redeem $121 million in stock and take out more than $66 million in bank loans – $83 million of which went directly into the pockets of Bain's owners and investors, including Romney. "The dividend recap is like borrowing someone else's credit card to take out a cash advance, and then leaving them to pay it off," says Heather Slavkin Corzo, who monitors private equity takeovers as the senior legal policy adviser for the AFL-CIO.

Bain ended up earning a return of at least 370 percent on the deal, while KB Toys fell into bankruptcy, saddled with millions in debt.

[vega07]

Hacker Group Claims to Have Romney’s Tax Returns

Who believes this?

The Secret Service is investigating.

[LIVEFRMNYC]

How many Mitts does it take to screw in a light bulb?

We'll never know cause Mitt refuses to release any info.

[Peace]

Originally Posted by vega07

Hacker Group Claims to Have Romney’s Tax Returns

Who believes this?

The Secret Service is investigating.

I don't believe that. They wouldn't be asking for a ransom if they really had them.

[mrkramer]

Originally Posted by vega07

Hacker Group Claims to Have Romney’s Tax Returns

Who believes this?

The Secret Service is investigating.

I think it would be interesting if it's true and they actually release them, as there is obviously something in there that his campaign thinks would hurt him more if it became public than him not releasing them hurts him. But I'm hesitant to actually think that they got them.

[niuniu]

Originally Posted by Peace

I don't believe that. They wouldn't be asking for a ransom if they really had them.

Totally, it's more like an effort to keep the tax returns in the media and public consciousness.

[mudslag]

Originally Posted by Peace

I don't believe that. They wouldn't be asking for a ransom if they really had them.

http://nashvillecitypaper.com/conten...on-political-g

Both the Democratic and Republican party offices in Williamson County received a letter and a flash drive last week allegedly containing the stolen tax records of GOP presidential candidate Mitt Romney. Secret Service agents confiscated the drives on Wednesday morning.