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Romney Worth $500 Million Plus, Times Says
NewsMax ^ | 3/11/07 | NewsMax

Posted on 03/11/2007 11:00:12 AM PDT by wagglebee

Former Massachusetts Gov. Mitt Romney is the richest man in the presidential race.

Presidential candidates are not required to disclose their net worth, and Romney has not. But analysts who track compensation in Romney’s business field said it was likely to exceed $500 million, according to a report in Saturday's New York Times.

Romney built his fortune with the Boston-based Bain Capital, a venture and buyout firm. In 1984, Romney began investing Bain’s $40 million venture fund that eventually grew to billions. Romney’s fund was the first investor in Staples, the office supplies store.

The Times also suggests that Romney has been using his personal wealth to woo conservative support for his presidential bid.

Examples include:



TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: doublestandard; kerry2004; mittromney2008; partisanwitchhunt; perot1992; perot1994; romney2008
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To: SteveMcKing

Are you suggesting he bought KLo?

If he did she is doing one heck of a job for him!

:)


21 posted on 03/11/2007 11:28:42 AM PDT by JRochelle
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To: WOSG
don't see anything wrong with it at all.

I'm not saying it either - I said - if this article is to be believed - it doesn't look good. Is it worse or better than what anyone else does? Who knows - merely, commented on this article.

The Times report noted that coming on the eve of his presidential campaign, Romney’s contributions might create the appearance of a conflict of interest for groups often asked to evaluate him. For example, Romney critics have already zeroed in on a $15,000 donation to Massachusetts Citizens for Life — arguing that he is trying to buy the group’s support. Additionally, Romney-watchers have pointed out that the contributions listed above are to groups to which he had never contributed befo...
22 posted on 03/11/2007 11:31:53 AM PDT by presently no screen name
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To: wagglebee
This article just supports my opinion of him.

He is a complete phony.

Notice how all these donations have taken place in the last two years? After he decided to run?

He is gonna learn the hard way that most conservatives can't be bought.

At the CPAC event a few weeks ago he said that raising money is how you prove credibilty. WTF is that?

Credibility is proven by your record!
23 posted on 03/11/2007 11:33:40 AM PDT by JRochelle
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To: WOSG
Romney is the most successful 'self-made' candidate we've had in a long time.

Of the "extremely wealthy" presidents we've had, nearly all inherited the bulk of their wealth. Of the truly wealthy, only two (Andrew Jackson and Herbert Hoover) could really be considered self-made.

24 posted on 03/11/2007 11:38:27 AM PDT by wagglebee ("We are ready for the greatest achievements in the history of freedom." -- President Bush, 1/20/05)
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To: wagglebee

Sorry, Mitty.

You can't buy conservatism after all that sh!t you pulled in Massachusetts.


25 posted on 03/11/2007 11:49:44 AM PDT by zendari
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To: wagglebee
Despite being positioned as a hit piece by the Times, this is mostly good news for the Romney campaign.

Since money is power in the presidential race, I belive the clear message from the Romney campaign is, "In additional to all the funds Romney can raise, he's willing to tap into a personal fortuine in excess of $500 million. You can't win."

26 posted on 03/11/2007 12:01:39 PM PDT by Mr J (All IMHO.)
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To: Bluestateredman
The untold story was that Romney's firm ...

To be truthful, I would say that the firm thought of their own interest to make money and 'saving' jobs was an affect of the bottom line to do so. I'd hardly call him a savior that he bought the company just to save jobs.

They ran a full court press of critical ads in Mass.,and the sheeple fell for it hook, line, and sinker.

That's the problem! We knows this happens at the 11th hour. Too many voters are media driven. What is wrong with a business man taking over a company to make money? NOTHING! He's doing what he should be doing and would be laxed when the opportunity presented itself and he didn't take it.

Consider the source - his opponent - a government worker all his life who hasn't contributed anything to his own making, IMO, took away. He has no background to prove he is capable of making an honest buck to support himself. He is, merely, riding the coattails of his family fortune and on the backs of the citizens of Mass for $upport.
27 posted on 03/11/2007 12:02:10 PM PDT by presently no screen name
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To: Mr J

*from the Romney campaign to other candidates


28 posted on 03/11/2007 12:02:40 PM PDT by Mr J (All IMHO.)
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To: JRochelle
I agree, he started pandering a few years ago with his wallet. He is a complete phony. Only people who are easily fooled would buy his "Conversion"
29 posted on 03/11/2007 12:09:32 PM PDT by Afronaut (Supporting Republican Liberals is the Undeniable End to Freedom)
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To: wagglebee

RICHE$T Speaker of the House in History!
Funny how the LameStream Media doesn't shove the inspect probe up this Democrat who hates unions working in her wine fields.

30 posted on 03/11/2007 12:16:27 PM PDT by Recovering_Democrat (I am SO glad to no longer be associated with the party of Dependence on Government!)
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To: wagglebee

This ignores the money that Romney inherited from his ridiculously wealthy Daddy. Romney's a billionaire.


31 posted on 03/11/2007 12:18:56 PM PDT by Alter Kaker (Gravitation is a theory, not a fact. It should be approached with an open mind...)
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To: Terpin
You mean he didn't inherit his wealth? Don't you just hate people who earn millions through their own hard work? Who wants someone like that in the White House?

Actually, Romney did inherit his wealth. He invested it wisely, but Romney's Daddy was the fabulously wealthy long-time CEO of a Fortune 500 company.

32 posted on 03/11/2007 12:23:11 PM PDT by Alter Kaker (Gravitation is a theory, not a fact. It should be approached with an open mind...)
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To: wagglebee

Mitt Romney is the GOP's answer to John Kerry. Liberal flip-flopping billionaires from Massachusetts both... thanks but no thanks.


33 posted on 03/11/2007 12:25:19 PM PDT by Alter Kaker (Gravitation is a theory, not a fact. It should be approached with an open mind...)
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To: presently no screen name; wagglebee
Let's not forget that sordid event before he entered politics when Romney personally contributed $1 million to the 2002 Salt Lake Winter Olympics, and donated his three years of CEO salary ($275,000 per annum) to charity while turning a $379 million deficit for the Olympic Games into a $100 million profit. The man is power mad I tell you! He'll do anything to buy influence. </sarcasm>
34 posted on 03/11/2007 12:35:26 PM PDT by Unmarked Package (<<<< Click to learn more about the conservative record of Governor Mitt Romney)
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To: Alter Kaker
Gue$$ it is even unforgiveable for a Republican to be $elf made too!
35 posted on 03/11/2007 12:42:46 PM PDT by restornu ("Try to Lead by Example, Not by Trampling on Another!")
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To: wagglebee

I welcome attacks like that by the media. better to defend good solid american values against silly charges than to defend immorality based on true charges.


36 posted on 03/11/2007 12:49:31 PM PDT by CharlesWayneCT
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To: restornu
Mitt Romney isn't a self-made man. Romney's Daddy was a self-made man. Mitt's just the son of a fabulously successful industrialist -- he picked his Daddy wisely.
37 posted on 03/11/2007 12:49:59 PM PDT by Alter Kaker (Gravitation is a theory, not a fact. It should be approached with an open mind...)
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To: Alter Kaker; restornu
"During the 14 years Romney headed Bain Capital, the firm’s average annual internal rate of return on realized investments was a staggering 113 percent. At that growth rate, a hypothetical $1,000 investment would grow to $39.6 million before fees. Few, if any, venture capital firms have ever matched Bain Capital’s performance under Mitt Romney."
(Mister PowerPoint Goes to Washington, Matthew Rees, December 01, 2006)

Oh yeah, this guy Romney is really just a slacker born into wealth.

In truth, Mitt Romney is one of the most brilliant executive managers and venture capitalists in this country in the last 50 years. Now, why would the American people want a brilliant manager in the White House who has successfully managed and optimized budgets of billions of dollars many times in the past?

38 posted on 03/11/2007 1:07:25 PM PDT by Unmarked Package (<<<< Click to learn more about the conservative record of Governor Mitt Romney)
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To: everyone

It's pretty clear that Romney is an opportunist. But no serious organization endorses a candidate just because he gave them a fairly small amount of money. This isn't bribery, just contributions as a form of recognition that conservative groups are important. I see it as pretty benign.

What bothers me is that, if the NYT story is to be believed, Romney, although very rich, never gave to conservative causes until the last couple of years. That's something I don't like at all.


39 posted on 03/11/2007 1:12:24 PM PDT by California Patriot
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To: Unmarked Package; Alter Kaker; restornu
Now, why would the American people want a brilliant manager in the White House who has successfully managed and optimized budgets of billions of dollars many times in the past?

This is the same logic put forward by Ross Perot back in 1992 and 1996 and nobody bought it then either because it's a meaningless argument.

Harry Truman was a total failure as a businessman and is regarded by both Republicans and Democrats as one of the best presidents of the 20th Century.

40 posted on 03/11/2007 1:12:56 PM PDT by wagglebee ("We are ready for the greatest achievements in the history of freedom." -- President Bush, 1/20/05)
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