Why Romney is embarrassed by Bain

Discussion in 'Politics' started by rightwinger, Jul 18, 2012.

  1. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Romney and Bain Capital: Why he’s so afraid of talking about what he did at Bain. - Slate Magazine

    Romney’s Bain career is a story about rising inequality. It’s telling that George Romney, Mitt’s father, made around $200,000 through most of the years he ran American Motors Corporation. Doing work that clearly created jobs, the elder Romney paid an effective tax rate that averaged 37 percent. His son made vastly more running a corporate chop shop in an industry that does not appear to create jobs overall. In 2010, Mitt Romney paid an effective tax rate of 13.9 percent on $21.7 million in investment income—around 14 times as much as his father in inflation-adjusted terms. This difference encapsulates the change from corporate titans who lived in the same world as the people who worked for them, in an America with real social mobility, to a financial overclass that makes its own separate rules and has choked off social mobility. The elder Romney wasn’t embarrassed to explain what he’d done as a businessman or to release his tax returns.
     
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  2. Warrior102
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    Warrior102 Gold Member

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    Dear God - ANOTHER Bain thread?

    Is this all you assholes have? Seriously?

    Laughable...
     
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  3. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Bainthers.

    LOL
     
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  4. Sinjorri
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    Sinjorri Senior Member

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    why obama should be embarrased about fast and furious SOMEONE DIED!!!!!!!!!
     
  5. Dr.House
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    Dr.House Lives on in syndication!

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    They are teh funneh....:lol:
     
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  6. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Bain reminds everybody how rich Romney is, how different that makes him from ordinary people, and how this kind of advantage perpetuates itself. Five years ago, according to disclosure statements, he was already worth between $190 and $250 million, not counting another $70-100 million in trusts for his children and grandchildren, and not counting real estate worth tens of millions more. It’s not clear how he turned a maximum contribution of $450,000 over 15 years at Bain into an IRA worth between $21 and $102 million (where it grows tax free).
     
  7. Buford
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    Buford BANNED

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    You're lying and you know you're lying. You know as well as everyone else that all you want to do is put his tax returns under the microscope and talk about nothing else for the next 3 months. Romney would be a bigger fool than Obama is to do that.
     
  8. Warrior102
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    Warrior102 Gold Member

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    This thread needs this...

    [ame=http://www.youtube.com/watch?v=czrj4yJm6z0]The Galloping Gourmet - Beer and Rump Pot Roast - YouTube[/ame]
     
  9. Buford
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    Buford BANNED

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    What laws has Romney broken?
     
  10. Warrior102
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    Warrior102 Gold Member

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    Liberals - being successful is now a crime against humanity.

    Shove a food stamp in your mouth and STFU
     
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