Comments about ‘Mitt Romney: What I Learned at Bain Capital’

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Published: Thursday, Aug. 23 2012 12:00 a.m. MDT

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Far East USA, SC

Mr Romney,

I am quite sure that you are an astute businessman with lots of very valid experience.

However, your party does not need or value that experience.

They just need someone "with enough working digits to handle a pen" ..... and sign the legislation that is handed to you by the GOP per Grover Norquist. The thinking has been done for you.

You may be overqualified for what is expected of you.

American Fork, UT

You know, I'd like to see some of these reference articles painting the president in a positive light, too. Or are we just biased?

Salt Lake City, UT

"You didn't do that, the government did." Success unrelated to a government subsidy is the reason Obama hates Romney.

Happy Valley Heretic
Orem, UT

“You Olympians, however, know you didn’t get here solely on your own power,” said Romney, who on Friday will attend the Opening Ceremonies of this year’s Summer Olympics. “For most of you, loving parents, sisters or brothers, encouraged your hopes, coaches guided, communities built venues in order to organize competitions. All Olympians stand on the shoulders of those who lifted them. We’ve already cheered the Olympians, let’s also cheer the parents, coaches, and communities. All right! [pumps fist].”

"So a business man does it all on his own, but a 4 minute mile takes a village."

mit the hypocrite strikes again.

Apparently, mitt learned to hide his retirement offshore in 2002 but if he retired in 2002 that would mean?


"What I Learned at Bain Capital"

1. The carried interest loophole helped me amass a fortune. I can then invest that fortune in foreign countries (where Bain outsources jobs) and use the foreign taxes I pay to reduce my U.S. tax liability.

2. I can leverage up companies, charge millions in management fees pay off investors and myself even when the company folds. And, oh, the taxpayers can be stuck with the cost of the pensions.

3. I can do all this in secret--keeping voters from seeing my tax returns.


#4. I can park my money in off-shore tax havens and the Republicans will still call me a great American.

#5 I can accumulate $100 million or so in my IRA when the average American is restricted to $17,000/yr (employers can match up to $30,000). As Michael Graetz, a professor of tax law at Columbia University and a former official in the senior Bush's Treasury Department, suggested that to get such a fat IRA, “we have to presume that Mr. Romney valued the assets he put in his retirement account at far less than he would have sold them for. Graetz explained further:

"The I.R.A. also allows Mr. Romney to diversify his large holdings tax-free, avoiding the 15 percent tax on capital gains that would otherwise apply. His financial disclosure further reveals that his I.R.A. freed him from paying currently the 35 percent income tax on hundreds of thousands of dollars of interest income each year."

Layton, UT

@Hemlock - You should really read the entire speech written by President Obama, it was referring to the fact that the government built infrastructure, ie. roads, education, police, etc are necessary for any business to be created.

USS Enterprise, UT

To "mcdugall" you should read the Obama speech. In context, he was not referring to infrastructure, he was referring to the business.

To "Truthseeker" here is the rebuttal:

1. Romney followed tax code which clearly states that you can deduct foreign taxes paid. (Romney follows the law)

2. You have Obama giving tax money to large campaign donors who have companies make products that score political points for him. They then turn around and contribute back to his campaign. Some call this money laundering.

3. Unless he has done something illegal, who cares about his tax returns. Do we have all of Obama's records, including school records like we do on Mitt?

4. Again, has he done something illegal? Is it illegal to invest overseas? If it is, there are a lot of mutual funds that you probably have in your 401K that are illegal.

5. You are wrong. According to the IRS web site, a person in Mitt's income bracket is ineligible for any tax break on an IRA. Is that fair that you can add to your IRA tax free and Mitt cannot? Mitt just has more invested in the sock market than you do.

Happy Valley Heretic
Orem, UT

RedShirt said:"To "mcdugall" you should read the Obama speech. In context, he was not referring to infrastructure, he was referring to the business."

It's apparent that you have NOT listened to it, because after I heard it in it's entirety I couldn't believe that fox fooled so many with it's clever editing, since he was CLEARLY talking about infrastructure, to those with the ability to understand the english language.

What mit learned is that "Those who have the gold make the rules."

the truth
Holladay, UT

The left here clearly do not understand what it means to invest in and capitalize a business.

FAILING companies came to Bain.

When you have invested millions in a company that still fails you do NOT make money, but only hope make whatever you can by selling whatever assets it may have to pay the companies debts.

If the company does not make money, management does not make money.

Businesses fail, people lose their jobs, it is a fact of life.

Mitt would have made much more money if he could have found a way to make them succeed, like he did that much more often than not.

The left's understanding of Business, and finance and investing, seem childishly naive and and foolishly idealistic.

Businesses do NOT exist to serve the employee.

And when they fail is is not lollipops and sugar plum fairies, where everyone is holding hands ans singing love songs.

The left needs a reality check here.

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