Skip to comments.Look for the Romney hemmorhage starting Wednesday morning (Romney wont disclose tax records
Posted on 01/03/2012 4:41:08 PM PST by Laissez-faire capitalist
It doesn't matter if Mitt Romney wins the Iowa caucuses tonight. He is about to experience a severe political hemorrhage over his refusal to disclose his tax returns...
(Excerpt) Read more at dailycaller.com ...
Why did they accept a guy who can claim the Founders in his ancestry?
Granny knew that. I knew that. You didn't know that?
He's a special TWO FER ~ a minority Founders Legacy.
His daughters can join the DAR BTW.
I’m at a loss as to why anyone would care anyway. Everybody knows Romney is wealthy.
This is likely just more idiotic blather. Where I live Davis is always on the morning shows for some unfathomable reason. I just can’t stand the guy.
The OBAMA campaign has stated that they will go after Romney and Lanny Davis is just announcing that the attacks begin immediately.
No need to attack Lanny or the Dems. This is going to be their strategy—attack the competition on their personal flaws because they can’t defend the actions of Obama.
So if he were white would he have been accepted? Even with lackluster grades at Columbia? Did he graduate with honors from Occidental?
I was recruited when I made a perfect LSAT score AND I'm one of those legacies ~ lots of Harvard grads in the line all the way back ~ many of the same folks as Obama.
I didn't go there. BTW, I was recruited by Columbia even earlier coming out of highschool. We couldn't come to terms on how much they'd "contribute".
I never was a Romey fan, but I would cheer if he simply flipped Lanny and the media the bird and told them the records would be forthcoming just as soon as he sees some paper, any paper, on the current homesteader in chief.
Did Kerry and wife Theresa Heinz Kerry ever make their tax records public? How about John McCain and his rich wife Cindy? Politics has increasingly become a rich man’s and possibly woman’s game.
No one gets elected without big bucks. Perhaps it’s more healthy to vote for those who have inherited or earned their own megamillions than to vote for those who have not. Obama, for example, was so obviously a wholly owned subsidiary of someone. But it’s difficult to track that someone.
Part of Romney’s appeal is the fact that he’s turned around failing businesses and might be considered a financial genius. What could be better for the financially failing country? Ideology aside, of course.
Part of Romneys appeal is the fact that hes turned around failing businesses and might be considered a financial genius. What could be better for the financially failing country? Ideology aside, of course.”””
As a life-long bookkeeper, there is a difference between “turning around a failing business” & buying a business, piecemeal selling off all the assets & selling the use of the name to a competitor.
Mitt absolutely did not have a policy of ‘turning around’ a business.
Many were canibalized...especially older businesses where the book value of the machinery & other assets were very low. The value of those assets creates a profit when you sell them for ANY amount of money when the BV was ZERO or almost ZERO.
Another ploy is to take over a business that is in it’s 2nd or 3rd generation of family, where the astute business sense and the willingness to work VERY hard attributes of the founder hasn’t been genetically passed on to the heirs.
Estate taxes of family owned businesses are also a target for such companies as Mitt’s.
The estate taxes force the family to sell the business for a hurried and sharp price reduction——just to pay the IRS estate taxes. A family dairy in So Calif—Jessup Dairy—was just such a victim.
In comes a company like Mitt’s & they buy at fire sale prices, break up all the assets, lay off the employees & sell the BONES of the company at a profit.
Mitt’s bottom line looks good. But how does he get there????
Ask the Jessup family how they feel after 2 generations of building a world class dairy business.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.