I find this out of touch millionaire argument to be a ridiculous rhetorical
point that only the ignorant and stupid will buy into (which might be why it
could work). A)Everyone in the Government is incredibly wealthy in comparison to
the average person. B) I would be a little nervous is the person taking office
wasn't wealthy because a politician is an administrator and a poor administrator
is one of two things(1) not a very good administrator, (2) Some sort of saint. I
don't need to explain the first. The second is that the administrator is a
defender of the basic human rights. Such a person has to have a little fight in
Who cares?! If he has all this money; then maybe he can fix our broken economy.
I'd rather have someone who can maintain their wealth and is a proven
businessman then someone who does not.
@ Cats | 9:13 a.m. Aug. 15, 2011 It is so tough being a Venture
Capitalist? Its the 21st century equivalent of being a pirate w/o the sword,
parrot, & ship?Given MR's vocation & he is Wall Street's
preferred GOP candidate; it means he's part of the status quo that nearly
killed the economy.
responce to Truthseeker continued"yet Republicans/Romney favor tax
cuts, and taxing unearned income lower than earned income." The companies
and corporations do not pay taxes, the consumer of their product or service do
in the pricing. It is not the governments job to make jobs but only to make an
enviornment that business can thrive. Higher taxes and regulations do not make
for that condusive enviornment. Also what is unearned income if not dividends
paid on investments in business that creates jobs. With dividends means
business doing well and the investors risk paid off to invest some more.
Truthseeker | It appears you need to seek alittle harder for truth."Romney is like George Bush, the son of a prominent, well-to-do, high
profile father who doesn't really know the struggles of the common man."
If learning how to make the hard decissions is not from the common man
your right we have to do it for ourselves he did for many to save corporations,
olimpics, companies and government entities. "As for Romney being a
job creator while at Bain, the evidence shows that many people lost jobs when
Bain took over companies. Republican fixation for " shrinking govt"
and cutting govt spending at this point in time will increase, not decrease the
number of unemployed." yes some jobs are lost to make the entity
stronger to last longer for many. "Studies have shown that food
stamps and unemployment checks are more stimulative than tax cuts"food stamps and unemployment encourage the recipient not to accept a job
because they get more on assistance than working a lower paying job. It is
easier to get a higher paying job while working than not working!
Pac_Man He comes off as inauthentic, testy, and his message is a little
cloudy. What is cloudy? Anything like our current President who
would not let any information about him out or his plans other than how
transparent the government would be once he took office? The President has
become more, well no longer cloudy but out right black out (total opposite of
transparent) in his dealings and agenda. And you call Romney a little cloudy!
The fantasy is guys like "Incite Full" who think they are in the
wealthy class or soon will be. It won't happen. It's not about class envy.
Like Warren Buffet says, treat the rich at least like the middle class in the
way they are taxed, not give them preferential treatment.
Class Envy is mother's milk to Democrats. It comes from an unhealthy fixation on
the failed visions of Karl Marx.
I find it amazing that anyone would consider success to be a liability. However,
since the Democrats have little else to run on other than class envy, cradle to
grave economics and the virtues of being dependent on government, I guess being
successful is a pretty big sin.
It's not the amount of money he has, it is how he earned it. A trail of tears,
lost jobs, the big guy squeezing the little guy. And he grew up with a silver
spoon in his mouth and has no clue about middle class struggles. Watch him
closely and you'll see it.
Class warfare, pure and simple.It is the very core of the socialist
play book, and that is the only play the Democrats know.Romney
deserves every dollar he has EARNED. He is not collecting welfare, or making a
career out of government (including elected) jobs, or being a lobbyist.Anyone who criticizes Romney's wealth needs to be told- "Get a real
This American has lived the American dream. He has used his education,
discipline, and financial abilities to earn money, that is the pursuit of
happiness. The present President and Secretary of Treasury don't know how to
handle money, especially that of the Americans who are striving for the dream.
They need to learn from Mr. Romney. He has dedicated his time, energy and
talents to the state of Massachusetts as Governor. He was responsible for
making the Olympics in 2002 a success and a historic memorable feat. What a
blessing to the state of Utah and Salt Lake City and the United States. The
founders of our Country and those that are dedicated to the proposition that
freedom comes from a strong defense and having a great educational system is
important. I don't think a President that spends $200M a day for his trips in
some instances is what our citizens want. They want someone who knows how to
earn and save money. Mr. Romney may take a hit with the Massachusetts medical
system but his legislative body supported this process that was a laboratory for
finding out which is good and bad. The one Congress did is bad.
Mon 8:20 PM Dear Americans!Turn East... look to England and
Greece... Welfare corrupts and corrods our society.Socialism/Communism are the ultimate "help." People need help to
help themselves maybe but we are becoming a society of sloth and degeneracy.
The class warfare rhetoric of Obama is the language of envy, resentment and
entitlement. It destroys societies from within.We need a leader for
America and it isn't Barack Obama. Americans need someone who understands the
Economy inside and out ... in my view, Mitt Romney has what it takes to lead
America back to a healthy and prosperous country!! His solid family values speak
volumes. He will inspire us that hard work is the key to a better future just
like the early settlers, so our next generation can also look into a brighter
future!! America is worth it.Thanks for listening.
If he makes any more the republicans will cut his taxes even more.
@ truthseeker: "As for Romney being a job creator while at Bain, the
evidence shows that many people lost jobs when Bain took over
companies."I see this one very differently. Companies like Bain look
for other companies who are not performing optimally, have potential value, but
can be bought at a reasonable price because they are struggling. They buy them,
turn them around, then sell them at a profit. People are sometimes laid off as
part of the reorganization effort. The alternative would be to watch the company
continue its downward slide to failure and see all the employees lose their
jobs. So Bain/Romney actually saved many net jobs. That's how it often works.
These so-called corporate raiders do a valuable service and are paid
handsomely...and often many employees and other investors are better off.
I don't hate the rich. I have a millionaire uncle. I despise attitudes like
Does any one else find it humorously ironic that Obama's low approval rating
over government spending and Romneys personal wealth are in the paper the same
day, and we can find reasons to complain about both? Give the guy
that knows money a chance at making America profitable. If you don't know how to
make money help us elect someone who does.
Good for Mitt! I hope he goes out and makes another 500 million! It is still
good to be an American, unless your a US citizen that hates the rich and loves
Good for Mr. Romney.
So what were the elements that made the 2002 games a success?$342
million in federal money (ie earmarks) to plan and stage the Winter Games flowed
into Utah, a record outlay for the Olympics and nearly $50 million more in
constant dollars than was spent for the Atlanta Olympics, according to a report
in 2001 by the GAO.Previous Olympic Games had a set number of
sponsorship categories, for example, and when Romney and his team began work,
they were told the list was full. So they invented new categories. That is how
the Olympics got its first cake-mix sponsor (General Mills), first official
Olympic meat (certified Angus beef) and first official job-search Web site
(Monster.com). There was $500 million in sponsorship when we arrived, and by the
time we were done there was $860 million according to Utah Olympics COO, Fraser
Bullock. Romney also signed up Utah sponsors, collecting about $100 million
from local companies that had never given to the Olympics. The
International Olympic Committee had a stake in restoring its reputation after
the scandals and made concessions in sharing revenue. Thousands of volunteers
from Utah also played an important role
Oh the humanity! I think that is altogether too much money for one person to
have. I think we should redistribute it to those who are unwilling to work hard
and take risks. Why? Because they deserve it more than Romney and they will
vote for the right candidate, Obama.
kiaoraguy: Running the 2002 Winter Olympics, still regarded by the IOC as the
best managed and produced Olympics in history, was not a real job?Running, No Cleaning up after a bribery scandal doesn't count as "Running
the winter olympics"kiaoraguy: So being the Governor of a major
State (Common Wealth) with thousands and thousands of Employees and Billions in
expenses, was not a real job?Nope, It's a political position, or a
popularity contest, and not much more.kiaoraguy: still regarded by
the IOC as the best managed and produced OlympicsMostly because he
insulated them from being charged for accepting those bribes, ya think?oh,
and they still got to keep most of them.
re:ClarkKent- so forming Bain Capitol and building it up successfully was his
last real job? Running the 2002 Winter Olympics, still regarded by the IOC as
the best managed and produced Olympics in history, was not a real job? So being
the Governor of a major State (Common Wealth) with thousands and thousands of
Employees and Billions in expenses, was not a real job?
It has been one month today since I got laid off my job that I've had for the
past 4 years. I finally got my first unemployment check last week, for $138.
Should get another one tomorrow. I've been applying all over for jobs, along
with dozens of other people who are applying for the same jobs. I had an
interview scheduled last Tuesday morning. They called me Monday afternoon and
said the job had been filled (they interviewed a bunch of people on Monday,
too). An earlier poster is very correct in saying there are 50 applicants for
ever 1 job. I am 64, so my age is a problem. Shouldn't be a factor, but in
truth it is. I'd love to just retire, but it takes both incomes to make ends
meet...almost meet...and without mine we haven't been able to pay August's house
payment yet. I do not begrudge Mitt's wealth. I believe he can do a great deal
of good for the financial problems of our country.
Procuradorfiscal: Great response! Good gutbuster! Thanks!truthseeker: What exactly is your point quoting three people who know
finances? What they aren't familiar with is human nature. And still the fact
remains, people don't get serious about finding employment until the benefits
run out. Until then, the majority are content to be home and do whatever.Happy valley heretic: no offense, but small corporations such as annie's
& my wife's (three total employees including my wife and me, third employ is
not family but we attempt to treat her as such) are the life blood of America.
For the record, last year we grossed $350k. 34% went for employee payroll. The
remainder was expenses for rent, taxes, utilities, phones, equipment, and other
daily expenses. No cars, no fancy feasts, no extravagances. The
real purpose of a corporation is to protect personal assets, so that if the
business (or the real possibility of the entire economy) tanks, only the assets
of the business can be pursued by creditors.
Romney did not "amass" his wealth. He inherited his wealth from his
father, George W. Romney ( who was Mexican ). Mitt was born with a silver
spoon in his mouth.Obama earned his money and position in life on
his own merit and his own work.As a business man, Romney made money
by hostile taekovers of companies and then firing and downsizing workers. He
fired workers. Destroyed jobs to enrich himself.To Tom & B:
Romney does not meet the 'Birther's threshhold of being a "natural-born
citizen because his father was born in Mexico. Birthers insists a person's both
parents must have been born in the US for them to be a natural-born citizen
qualified to run for president.
"The last I recall we still haven't seen Obama's college
transcripts."B:Nice heads up, man!! That's right,
as long as were looking for complete disclosure why not tie up some (very) loose
Someone in texas said earlier: My husband and I have two corporations--employing
a total of 8 people. Talk about abusing a system, let me guess this
is your family and you've incorporated to keep someone from being able to tell
where the money comes from or goes to, and your "corp" owns your home
and cars ect... and you just lease them to yourself. Nevada Corp?Corporations are created to hide and obscure the truth.
85M to 265M is a very wide margin. All it tells us is that he's so rich he
doesn't even know how much money he has.Fortunately for Mitt, he
started out in this life with a silver spoon. Where would he be today if he
hadn't had that initial oomph? Would he be anywhere near as successful? Maybe,
maybe not.Anyway, all we'll ever have any more for president is an
uber-wealthy individual. Nobody else could possibly afford (without
mega-contributions from mega-corporations) to even run. I guess, we'll see
where we end up as a Corporatocracy. Which corporation is it going to be
calling the shots? My guess is Bain Capital if Romney is elected.
Oh no!!! A self-made man who has surpassed the average American dream is now
running for president!!!...Puh-lease. I wish we did have
a president who knew how the economy worked, especially with my savings in the
No one is hand cuffing Warren Buffett....he is nothing more than a blow hard!Hey Warren put your money where your mouth is... write the govt a check
for $20 Billion and shut up! Who cares what you think....?
The last I recall we still haven't seen Obama's college transcripts. Does that
matter too, when electing a president? According to Pagan, when you are running
for PUBLIC OFFICE it does...
Most Americans don't believe that corporations are people until it is the
corporation that they work for is the one on the insolvency chopping block.
@noneck62: Careful there. You don't want to be condoning communism, do you?
Excuse me, but the headline says "raises questions." I did not see any
Is Wall Street investing in Romney?. The largest corporate sources of money for
Romney are mostly finance industry leaders , including Morgan Stanley and Bank
of America. Goldman Sachs employees have given nearly a quarter of a million
dollars in contributions. Obama bailed them out. Do they now want more from
Romney to?. Romney is as crooked as witches toenails. Romney wastes his
millions refusing to acknowledge he is un-electable. At the annual Miami-Dade
Lincoln Day Dinner (for our overseas readers, that translates as "South
Florida, right-wing Republicans", he ended his speech with the stirring
phrase, "¡Patria o muerte, venceremos!" Somehow, Romney missed
out on knowing that that phrase "Fatherland or death, we shall
overcome!" has for decades been the closing line of almost every one of
Castro's speeches. It's 100% associated with the Castro regime. Romney's
audience was not impressed. The keys to his success appear to be large donors
and contributors from the New York area. Romney appears to be getting less
money from at least one source, Utah. Obama's approval rating is
higher then Romney's that just knows how to make money, not how to run America.
Obama, 4 more years.That's my views.
re:metamoracougPaul Krugman, Nobel prize winning economist:"When the economy is booming, and lack of sufficient willing workers is
limiting growth, generous unemployment benefits may keep employment lower than
it would have been otherwise. But as you may have noticed, right now the economy
isn't booming -- again, there are five unemployed workers for every job opening.
Cutting off benefits to the unemployed will make them even more desperate for
work -- but they can't take jobs that aren't there."Alan
Greenspan:"Unemployment insurance is essentially restrictive because
it's been our perception that we don't want to create incentives for people not
to take jobs. But when you're in a period of job weakness, where it is not a
choice on the part of people whether they're employed or unemployed, then
obviously you want to be temporarily generous. We ought to be temporarily
generous."MarketWatch chief economist Irwin Kellner:
"[T]here are now more than five applicants for every job. Clearly, this is
not caused by more benefit checks.In the case of the duration of
unemployment and number of benefit checks, both are really determined by the
"Warren Buffett, one of the richest men in the country, wants to pay more
taxes and thinks his super-rich friends should too." What a
contrast. Does Mitt Romney, like Rick Perry, want to repeal the 17th amendment?
For a party that loves the Constitution so much, the tea party Republicans want
to make a lot of changes.
Mitt Romneys accumulation of wealth shows him to be extremely competent and
brilliant. Donny Osmond ascribes the same attributes to Lady Gaga. My father
spent 43 years in the coal mines and became disabled at age 57. Social security
helped him to live the rest of his life with some dignity and independence.
Social security did not enslave him nor destroy his agency. It had an opposite
effect. Would there be a similar program in Mitt Romneys world? I have to wonder
if they both were rewarded in life in accordance with contributions to society.
Did Hugh Heffner or Karl Malone contribute that much more than coal miners or
school teachers? I dont want a president that just knows how to make money.
Re: "Mitt Romney's wealth raises new questions"About
what?Is there the slightest indication is is ill-gotten? By theft
or extortion? By hustling drugs?So what's the question?Mitt Romney is not my candidate, but anyone that would try and convert his
financial success into a political negative is taking a page from Marx -- either
Karl or Groucho.The only real question in this story is, what was
the writer smoking?
re:noneck62FYIMembers of Congress, candidates for
federal office, senior congressional staff, nominees for executive branch
positions, Cabinet members, the president and vice president and Supreme Court
justices are required by the Ethics in Government Act of 1978 to file annual
reports disclosing their personal finances. Compliance and enforcement of this
requirement is overseen by the congressional ethics committees, the ethics
offices of government agencies and, in the case of executive branch officials,
the U.S. Office of Government Ethics.
truthseeker: studies have also shown that foodstamps and unemployment checks
also remove any incentive to look for work and as soon as those benefits expire
. . . voila, people start looking for employment.noneck62: I
couldn't disagree with you more. The Constitutional right of freedom of the
press is unequivocally one of the reasons this country could still maintain its
leadership in the world. If free expression of ideas is ever violated or made
illegal, it will be time for a little civil disobedience or revolution.
Pagan: annie and husband do not own the business because it is a corporation.
They are employees of the company. It's a small clarification, but an important
re:anniePeople work for corporations. Corporations are legal
entities, NOT people.Do you think the Bill of Rights was written for
corporations? Or do you think the Bill of Rights was written for
individuals? Individuals have the right to vote, are corporations
registered voters? Do corporations get driver's licenses? Get
real. Romney revealed what he stands for: corporate personhood.
If this country needs anything right now, it's a leader who knows how to make a
profit... the US hasn't made one in years.
Mitt Romney's total monies or wealth is none of our business; this is a prime
example of the News Media outlets attacking someone just because of how much
money they are worth. It is time for Congress to clamp down or regulate
so-called "Freedom of the Press."
Another example of the left's idea of "Sharing the wealth" Lets let
people be creative and learn how to make their own money, but then they need to
be sure they give that back to those who sit on their butts waiting for a
'We don't get tax breaks...' - annie | 9:40 a.m. Aug. 15, 2011
*'Hatch, Republicans challenge tax cut expiration' - By Becky Bruce, Deseret
News - 12/01/10 'WASHINGTON, D.C. Republicans in the U.S. Senate are
drawing a line in the virtual sand, vowing to keep all legislation off the
Senate floor unless Congress extends the Bush-era tax cuts...' You
do if you make over $250,000/year. And since you own a business....
Well, fundraising won't be an issue for Romney as he can afford to self-fund his
own campaign.Romney is like George Bush, the son of a prominent,
well-to-do, high profile father who doesn't really know the struggles of the
common man. As for Romney being a job creator while at Bain, the evidence shows
that many people lost jobs when Bain took over companies. Republican fixation
for " shrinking govt" and cutting govt spending at this point in time
will increase, not decrease the number of unemployed. Studies have shown that
food stamps and unemployment checks are more stimulative than tax cuts yet
Republicans/Romney favor tax cuts, and taxing unearned income lower than earned
income. Furthermore, aside from govt transfer payments (Medicare, Social
Security, food stamps etc) govt spending as a percentage of GDP is lower now
than it was during the 60's. (politifact)
Corporations ARE people. My husband and I have two corporations--employing a
total of 8 people. Most corporations in America are just like us. We don't get
tax breaks and raising our taxes may put us under. Then there will be 8 people
jobless, beside us. We are ok because my husband has a marketable skill but
most of our employees would be in a bad spot. What Romney said was true, he
just didn't articulate it very. The man wasn't talking about IBM here.
'...because Libs like Obama just can't compete with a record like that...' -
TRUTH | 9:23 a.m. Aug. 15, 2011 And what record IS that 'truth?' Because if you actually LOOKED at it, it wouldn't really be that
impressive. From 2003-2007 job growth....0.9%. In rankings
with the rest of the country...MA was 47th in Job creation when Mitt Romney was
there. - Think Progress Travis Waldron 06/02/11 *'Let
Detroit Go Bankrupt' - By Mitt Romney - NY Times - 11/18/ Wow. 47th in job creation out of FIFTY states. Great 'record'
there. But, I guess it's ok because 'Romneycare' was very popular in
MA. Not enough for Mitt to run for a SECOND term, but popular none
'His opponents will latch onto anything they can.' - Cats | 9:13 a.m. Aug. 15,
2011 Not just his opponents Cats.... *'Fox News host:
Romney not Christian' - By Hal Boyd, Deseret News - 07/17/11
Wow....you mean if yoiu work for a living and are successful then you can't run
for President of the USA...because Libs like Obama just can't compete with a
record like that.......This is such a non-story!Wake me up when you
find that Tony Resco bought Mitt a house and bribed him to keep Resco out of
As far as multi-millionaires go, I think Mr. Romney is out of touch. He hasn't
had a real job in years. All he's been doing is running for political office.
His opponents will latch onto anything they can. It will be his success, his
religion, etc. Anything they can find. Former presidents and candidates have
been very wealthy men. John Kennedy had his presidency purchased for him by his
daddy. Anyone who has sense should realize that Romney's success is a plus and
not a minus. Of course, the unions will attack him. They hate anyone who has
an ounce of ingenuity and is enterprising.
'The Wall Street Journal analyzed why Romney's personal wealth which exceeds
that of Pres. Barack Obama and all other Republican presidential candidates may
morph into a campaign issue in the coming months.' - Article Why is
this an issue? *'Mitt Romney raises $18.25 million, but Republicans
worry it might not be enough' - By Jamshid Ghazi Askar - DSNews - 07/07/11 *Firm dissolves after giving pro-Romney PAC $1 million By Ken Thomas
AP Published by DSNews 08/04/11 Because it set's a bad
presidence. *Mitt Romney: Corporations and people, my friend By
Phillip Elliot AP Published by DSNews 08/11/11 As exampled by: *'Spending blitz by outside groups helped secure big GOP wins' - By
Michael Isikoff and Rich Gardella - MSNBC - 11/04/10 'Wall Street
Funds Republicans Opposing New Banking Regulations' - By Jonathan D. Salant -
04/11/10 - Buisness Week Romney has all this money.
Whereas: *'Let Detroit Go Bankrupt' - By Mitt Romney - NY Times -
11/18/08 He is against the Bush-era bailouts and 'made in America'
jobs. How's YOUR job?
It would be a terrible tragedy for a government leader such as the president to
have an intimate understanding of how a business can create wealth and provide
quality jobs to the citizens. He would know how to cut fat out of the executive
branch of the government such as Departments of Homeland Defense, Labor &
Commerce, HUD, EPA, yadda, yadda, yadda. Actually, it looks like he's developed
an impressive portfolio; one that he earned personally.
Romney's wealth is the least of his problems. He comes off as inauthentic,
testy, and his message is a little cloudy.
Why is this bad ? he is donating his presidential salary to charity, HE IS NOT
DOING THIS FOR THE MONEY! He is rich, and that is evil ???
Oh how terrible, Mr. Romney has been successful in business. Wow that would be
scary if a man who actually knows about money were put in charge of the
dwindling amount our country has.
Can someone help me understand why his wealth is an issue? The man knows how to
make money. This is an evil characteristic?