Posted on 01/22/2008 7:36:38 AM PST by Callahan
Tax avoidance is respectable. Tax evasion is a crime.
Because Romney’s company helps “eligible” investors to “avoid” U.S. income tax, it’s a hit piece? Sounds to me like he has good tax planners.
At least he is consistent.
In this case Rush and Anne are wrong. Romney is a loser as are most of the others. Romney will not be able to get enough support from any segment of the Republican party (except for those of his own faith). The same is true of Huck.
Personally I haven’t heard any attacks against Romney from the left. They know he’s weak. (After all he’s only Christie Todd Whitman in pants.)
Rush favors Romney only because he thinks he is the best to win. He doesn’t understand why Romney is disfavored by most Republicans.
There is no one in the race now who is favored by more than a third of the Republican voters. If we can’t find a Republican who can win a majority of Republican support, how do we think we can garner a majority in the electoral college?
We better be prepared for defeat next Novemeber. Conservatives have been too gullible this year, too divided to be a force, and too unwilling to unite behind a viable candidate. A liberal will be elected next November, whether or not the Democrats win.
His mother is in the freakin’ hospital suffering from pneumonia! What would YOU have him do - send a card and some flowers?
Sheesh...
Great user name. The second half of it is very decriptive, too.
Been thinking about his future a lot. I realize I can fight for what is right, but the world goes crazy every once in awhile.
I have to teach him the same self reliant skills I have learned and have been part of my family for years. Seems many folks, even ones that are “Conservative” have a desire to look to the Government for help. This to shall pass, but only after their own suffering.
I look back and realize that not only did my family survive Carter, but we thrived, increasing our holdings a good bit.
If Fred is gone I see little to take joy in. I doubt Mitt will make it in the general, though I may support him in the booth if little else. The rest are the same with or without the R after their name. With the economy doing what it is doing we are on the train to “Carterville”, and I fear it will be a bullet train with some of these clowns in the WH. Well I’ll survive and then some.
One good thing that will come of it, it will snap a few heads and get people off the vanity candidates and pet issues and focused on when things first got good.
1980 and Reagan.
Then I am ready.
Haley Barbour 2012, because he has experience with disaster recovery.
100,000 jobs? Good. There was a reason those companies were failing, and it’s called deadwood. Maybe we can get him to cut two million jobs from the government when he gets in. Any bleeding heart that complains about lost jobs at failing companies is a socialist in disguise.
Golly I’ve not heard that before. lol
The lesser of remaining evils is still evil.
Romney’s a liberal in republican drag. I’d love, LOVE to be proven wrong on this.
“You think this guy is so squeeky clean? Wait until his true business record comes out in DUmmy format. [HINT] A claim of 100,000 jobs lost due to Bain’s takeovers.”
From Wikipedia, the free encyclopedia:
Bain Capital LLC is a Boston, Massachusetts-based private equity firm founded in 1984 by Mitt Romney. Romney was the Governor of Massachusetts from 2003 to 2007. In addition to Romney, the firm was also founded by two other partners from the consulting firm Bain & Company: T. Coleman Andrews III and Eric Kriss. Bain Capital was originally conceived as a combined equity start-up and leveraged buyout fund, an innovative strategy at the time.
History
The original $37 billion fund was raised entirely from private individuals in mid-1984, led by Ricardo Poma, a Salvadorean businessman. One of the fund’s first start-up investments was Staples, Inc., the $15 billion office supply retailer. The funding enabled Staples to expand from one store in 1986 to nearly 1,700 in 2006. Bain Capital founded, acquired or invested in hundreds of companies including Bright Horizons Family Solutions, Brookstone, Domino’s Pizza, Sealy, Guitar Center and The Sports Authority.
In addition to the three founding partners, the early Bain Capital team included Fraser Bullock, Robert F. White, Joshua Bekenstein, Adam Kirsch and Geoffrey S. Rehnert. Bullock joined Romney as the Chief Operating Officer for the 2002 Olympic Winter Games when Romney left Bain in 2001 to lead the Salt Lake City Winter Olympics. [1][2]
Twenty years after its inception, Bain Capital currently manages $50 billion in assets, and holds positions in major companies including Toys R Us, Burger King and Unisource.
1990s to present
Facing financial duress, former Bain & Company partner and current Republican candidate for the 2008 US presidential election, Mitt Romney was asked to rejoin the firm as interim CEO. Bringing along two lieutenants from Bain Capital, Romney began traveling to all the Bain offices to rally employees.
The Boston Globe points out that “Over several weeks, Romney managed negotiations with the banks and among the partners,” and that “The moment came when negotiations produced a package in which [Bill] Bain and the founding partners would give up control of the firm, turning back $30 million they had taken from the ESOP and $100 million in notes they held against the firm.”
Romney’s plan involved “a complicated restructuring of the firm’s stock-ownership plan, real-estate deals, bank loans, and money still owed to partners”[9]. To avoid the financial crisis that a buyout would have triggered, the group of founding partners agreed to return about $100M cash and forgive outstanding debt.[10].
Although in the role for just one year before returning to Bain Capital, Romney’s work had three profound impacts on the firm. First, ownership was officially shifted from the owners to the firm’s 70 general partners. Second, transparency in the firm’s finances increased dramatically (e.g., partners were able to know each other’s salaries[11].) And finally, Bill Bain relinquished ownership in the firm that carried his name.
Within a year, Bain bounced back to profitability without major partner defections[12], and the groundwork was laid for a period of steady growth.
Tell that to the 150 million libs in this Country.
papa,
“The Los Angeles Times recently revealed Romney utilized shell companies and two offshore tax havens in Bermuda and the Cayman Islands to help eligible investors avoid paying US taxes. The tax-friendly jurisdictions helped attract billions of investment dollars to Bain Capital.”
This would make Mitt a “Tax Traitor” in the commercials.
Truthfully, how would Mitt have any credibility when he
is circumventing the tax code and helping others do this
while he lays off 100,000 people to line his pockets???
He will be eviscerated... and that means he’ll lose big.
ampu
“We better be prepared for defeat next Novemeber.”
I love your optimism. So Reagan-like.
But it is very nice drag...
did you know that Romney vetoed the employer mandates and fees for non compliance in his healthcare plan? They were overriden by the Mass. liberal legistlature. His plan reduces costs so more people can afford healthcare but the liberals screwed with it and then Mitt gets the blame. And then judgemental conservatives like you call him a turd. You really need to look at more of the facts and calm down. Why don’t you look at fhu.com to help you to be a more rational conservative.
“100,000 jobs? Good. There was a reason those companies were failing, and it’s called deadwood. Maybe we can get him to cut two million jobs from the government when he gets in. Any bleeding heart that complains about lost jobs at failing companies is a socialist in disguise.”
Tell that to the ones who lost those jobs and votes.
Tell that to their families, who also vote.
He will project the image of the “MAN WHO LAID ME OFF”.
I’m not.
“He will be eviscerated... and that means he’ll lose big.”
Don’t you wish. If you think Romney did anything against the law in his business dealings, you are living in an alternate world. Romney isn’t a lawyer along with being a businessman for nothing. And that’s what this alleged “shell company” crap will come to, nothing. It’s the Los Angeles Times, for goodness sake. Consider the source.
Yah, good point there. But if we aren’t smart enough in this country to see that you can’t prop up failing businesses, then we are just going to fail anyway. I think Mitt can communicate that in a way that the majority of the people will understand. Failing that, he needs to inform the people that do understand what the stakes are if they fail to vote - ie, get turnout. Two chances, and he won’t miss either of them.
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