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some funnies
- Thread starter hedgehog
- Start date
person who worked for Mitt Romney at the consulting firm Bain and Co. in 1977 remembers him with mixed feelings. ?Mitt was ? a really wonderful boss,? the former employee says. ?He was nice, he was fair, he was logical, he said what he wanted ? he was really encouraging.? But Bain and Co., the person recalls, pushed employees to find out secret revenue and sales data on its clients? competitors. Romney, the person says, suggested ?falsifying? who they were to get such information, by pretending to be a graduate student working on a proj*ect at Harvard. (The person, in fact, was a Harvard student, at Bain for the summer, but not working on any such proj*ects.) ?Mitt said to me something like ?We won?t ask you to lie. I am not going to tell you to do this, but [it is] a really good way to get the information.? ? I would not have had anything in my analysis if I had not pretended.
?It was a strange atmosphere. It did leave a bad taste in your mouth,? the former employee recalls.
This unsettling account suggests the young Romney?at that point only two years out of Harvard Business School?was willing to push into gray areas when it came to business. More than three dec*ades later, as he tried to nail down the Republican nomination for president of the United States, Romney?s gray areas were again an issue when he repeatedly resisted calls to release more details of his net worth, his tax returns, and the large investments and assets held by him and his wife, Ann. Finally the other Republican candidates forced him to do so, but only highly selective disclosures were forthcoming.
Even so, these provided a lavish smorgasbord for Romney?s critics. Particularly jarring were the Romneys? many offshore accounts. As Newt Gingrich put it during the primary season, ?I don?t know of any American president who has had a Swiss bank account.? But Romney has, as well as other interests in such tax havens as Bermuda and the Cayman Islands.
To give but one example, there is a Bermuda-based entity called Sankaty High Yield Asset Investors Ltd., which has been described in securities filings as ?a Bermuda corporation wholly owned by W. Mitt Romney.? It could be that Sankaty is an old vehicle with little importance, but Romney appears to have treated it rather carefully. He set it up in 1997, then transferred it to his wife?s newly created blind trust on January 1, 2003, the day before he was inaugurated as Massachusetts?s governor. The director and president of this entity is R. Bradford Malt, the trustee of the blind trust and Romney?s personal lawyer. Romney failed to list this entity on several financial disclosures, even though such a closely held entity would not qualify as an ?excepted investment fund? that would not need to be on his disclosure forms. He finally included it on his 2010 tax return. Even after examining that return, we have no idea what is in this company, but it could be valuable, meaning that it is possible Romney?s wealth is even greater than previous estimates. While the Romneys? spokespeople insist that the couple has paid all the taxes required by law, investments in tax havens such as Bermuda raise many questions, because they are in ?jurisdictions where there is virtually no tax and virtually no compliance,? as one Miami-based offshore lawyer put it.
That?s not the only money Romney has in tax havens. Because of his retirement deal with Bain Capital, his finances are still deeply entangled with the private-equity firm that he founded and spun off from Bain and Co. in 1984. Though he left the firm in 1999, Romney has continued to receive large payments from it?in early June he revealed more than $2 million in new Bain income. The firm today has at least 138 funds organized in the Cayman Islands, and Romney himself has personal interests in at least 12, worth as much as $30 million, hidden behind controversial confidentiality disclaimers. Again, the Romney campaign insists he saves no tax by using them, but there is no way to check this.
Bain Capital is the heart of Romney?s fortune: it was the financial engine that created it. The mantra of his campaign is that he was a businessman who created tens of thousands of jobs, and Bain certainly did bring useful operational skills to many companies it bought. But his critics point to several cases where Bain bought companies, loaded them with debt, and paid itself extravagant fees, thereby bankrupting the companies and destroying tens of thousands of jobs.
Come August, Romney, with an estimated net worth as high as $250 million (he won?t reveal the exact amount), will be one of the richest people ever to be nominated for president. Given his reticence to discuss his wealth, it?s only natural to wonder how he got it, how he invests it, and if he pays all his taxes on it.
Ironically, it was Mitt?s father, George Romney, who released 12 years of tax returns, in November 1967, just ahead of his presidential campaign, thereby setting a precedent that nearly every presidential candidate since has either willingly or unwillingly been subject to. George, then the governor of Michigan, explained why he was releasing so many years? worth, saying, ?One year could be a fluke, perhaps done for show.?
But his son declined to release any returns through one unsuccessful race for the U.S. Senate, in 1994, one successful run for Massachusetts governor, in 2002, and an aborted bid for the Republican Party presidential nomination, in 2008. Just before the Iowa caucus last December, Mitt told MSNBC, ?I don?t intend to release the tax returns. I don?t,? but finally, on January 24, 2012?after intense goading by fellow Republican candidates Newt Gingrich and Rick Perry?he released his 2010 tax return and an estimate for 2011
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I am amazed that Ronnie is not all over this hiding of information like stink on a shit bun.
Release the records Willard !
Holy chit.
And if he picks Rubio as VP we are going to have serious birth cert issues again.
come on Ronnie, what is good for the goose is good for the gander.
At least make a effort to point out Willard is hiding his wealth and how he got it , big time.
:facepalm:
?It was a strange atmosphere. It did leave a bad taste in your mouth,? the former employee recalls.
This unsettling account suggests the young Romney?at that point only two years out of Harvard Business School?was willing to push into gray areas when it came to business. More than three dec*ades later, as he tried to nail down the Republican nomination for president of the United States, Romney?s gray areas were again an issue when he repeatedly resisted calls to release more details of his net worth, his tax returns, and the large investments and assets held by him and his wife, Ann. Finally the other Republican candidates forced him to do so, but only highly selective disclosures were forthcoming.
Even so, these provided a lavish smorgasbord for Romney?s critics. Particularly jarring were the Romneys? many offshore accounts. As Newt Gingrich put it during the primary season, ?I don?t know of any American president who has had a Swiss bank account.? But Romney has, as well as other interests in such tax havens as Bermuda and the Cayman Islands.
To give but one example, there is a Bermuda-based entity called Sankaty High Yield Asset Investors Ltd., which has been described in securities filings as ?a Bermuda corporation wholly owned by W. Mitt Romney.? It could be that Sankaty is an old vehicle with little importance, but Romney appears to have treated it rather carefully. He set it up in 1997, then transferred it to his wife?s newly created blind trust on January 1, 2003, the day before he was inaugurated as Massachusetts?s governor. The director and president of this entity is R. Bradford Malt, the trustee of the blind trust and Romney?s personal lawyer. Romney failed to list this entity on several financial disclosures, even though such a closely held entity would not qualify as an ?excepted investment fund? that would not need to be on his disclosure forms. He finally included it on his 2010 tax return. Even after examining that return, we have no idea what is in this company, but it could be valuable, meaning that it is possible Romney?s wealth is even greater than previous estimates. While the Romneys? spokespeople insist that the couple has paid all the taxes required by law, investments in tax havens such as Bermuda raise many questions, because they are in ?jurisdictions where there is virtually no tax and virtually no compliance,? as one Miami-based offshore lawyer put it.
That?s not the only money Romney has in tax havens. Because of his retirement deal with Bain Capital, his finances are still deeply entangled with the private-equity firm that he founded and spun off from Bain and Co. in 1984. Though he left the firm in 1999, Romney has continued to receive large payments from it?in early June he revealed more than $2 million in new Bain income. The firm today has at least 138 funds organized in the Cayman Islands, and Romney himself has personal interests in at least 12, worth as much as $30 million, hidden behind controversial confidentiality disclaimers. Again, the Romney campaign insists he saves no tax by using them, but there is no way to check this.
Bain Capital is the heart of Romney?s fortune: it was the financial engine that created it. The mantra of his campaign is that he was a businessman who created tens of thousands of jobs, and Bain certainly did bring useful operational skills to many companies it bought. But his critics point to several cases where Bain bought companies, loaded them with debt, and paid itself extravagant fees, thereby bankrupting the companies and destroying tens of thousands of jobs.
Come August, Romney, with an estimated net worth as high as $250 million (he won?t reveal the exact amount), will be one of the richest people ever to be nominated for president. Given his reticence to discuss his wealth, it?s only natural to wonder how he got it, how he invests it, and if he pays all his taxes on it.
Ironically, it was Mitt?s father, George Romney, who released 12 years of tax returns, in November 1967, just ahead of his presidential campaign, thereby setting a precedent that nearly every presidential candidate since has either willingly or unwillingly been subject to. George, then the governor of Michigan, explained why he was releasing so many years? worth, saying, ?One year could be a fluke, perhaps done for show.?
But his son declined to release any returns through one unsuccessful race for the U.S. Senate, in 1994, one successful run for Massachusetts governor, in 2002, and an aborted bid for the Republican Party presidential nomination, in 2008. Just before the Iowa caucus last December, Mitt told MSNBC, ?I don?t intend to release the tax returns. I don?t,? but finally, on January 24, 2012?after intense goading by fellow Republican candidates Newt Gingrich and Rick Perry?he released his 2010 tax return and an estimate for 2011
...............................................................
I am amazed that Ronnie is not all over this hiding of information like stink on a shit bun.
Release the records Willard !
Holy chit.
And if he picks Rubio as VP we are going to have serious birth cert issues again.
come on Ronnie, what is good for the goose is good for the gander.
At least make a effort to point out Willard is hiding his wealth and how he got it , big time.
:facepalm:
If Republicans really wanted to replace Obamacare with some more ?market-friendly? alternative, then there?s a simple way they could go about it. They could promise to repeal the law only if they packaged the repeal with a replacement that did not increase the number of uninsured. But they?ll never do that, because the magic, cheaper free-market alternative does not exist, and the GOP has no interest in diverting resources to cover the poor and sick.
Hennessey, who lays out the most specific vision for repealing Obamacare, asserts, ?Repeal and replacement should be separate legislative efforts.? This means, of course, that the actual plan is first to get rid of Obamacare, then pretend to work on a replacement before eventually discovering that it?s expensive and unpopular. Oh well. The only interesting question here on any level is why so many conservatives feel bound to pretend that the Republicans really are going to formulate some other plan to care for the poor and sick.
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now aint that just the truth.
Hennessey, who lays out the most specific vision for repealing Obamacare, asserts, ?Repeal and replacement should be separate legislative efforts.? This means, of course, that the actual plan is first to get rid of Obamacare, then pretend to work on a replacement before eventually discovering that it?s expensive and unpopular. Oh well. The only interesting question here on any level is why so many conservatives feel bound to pretend that the Republicans really are going to formulate some other plan to care for the poor and sick.
.............................................................
now aint that just the truth.
Really Scott? Obama has all of these Pussy Liberal Reporters covering for his ILLEGAL ASS, where is the next PUSSYCHOP Bernstein and Woodward?
Answer.... Sucking Obama's PENIS.
Nuff Said
Answer.... Sucking Obama's PENIS.
Nuff Said
Ronnie
Let me understand this
one of the reasons you dont like Obama or hate him , whatever is that he is hiding past records.
Given that , how could you not come out and at least acknowledge the fact that Willard does not and will not provide his tax records other than 2010 .
What is he hiding. ?
Why would you not have a opinion on him not disclosing this information ?
What kind of a double standard do you have.
It sounds like a huge hypocritical thought precess.
opcorn2
Let me understand this
one of the reasons you dont like Obama or hate him , whatever is that he is hiding past records.
Given that , how could you not come out and at least acknowledge the fact that Willard does not and will not provide his tax records other than 2010 .
What is he hiding. ?
Why would you not have a opinion on him not disclosing this information ?
What kind of a double standard do you have.
It sounds like a huge hypocritical thought precess.
opcorn2
Ronnie
Let me understand this
one of the reasons you dont like Obama or hate him , whatever is that he is hiding past records.
Given that , how could you not come out and at least acknowledge the fact that Willard does not and will not provide his tax records other than 2010 .
What is he hiding. ?
Why would you not have a opinion on him not disclosing this information ?
What kind of a double standard do you have.
It sounds like a huge hypocritical thought precess.
He's hiding EVERYTHING, he has the Liberal Media at his back.
- Feb 26, 2001
- 13,593
- 164
- 63
so you care considerably that one President hides information justified or not.
but you would be willing to vote in another President that right from the start says fawk you I aint showing my tax records ?
well
:shrug:
- Feb 26, 2001
- 13,593
- 164
- 63
- Feb 26, 2001
- 13,593
- 164
- 63
The media is owned by corporations. They choose what you get for news. Wake up. Jesus. Some of you guys are such tools.
