Posts Tagged ‘mitt romney’

Empathy, thy name is Mitt.

September 1, 2012

Mitt Romney, to a homeless hurricane victim:

“Go home and call 211.” (The information line for health and human services)

Maybe Mitt thinks everybody has multiple homes?


Who built that?

August 31, 2012

Mitt Romney doesn’t even acknowledge the $30 million Federal bailout that keep Bain Equity from going bankrupt, or the $10 million that taxpayers had to make up for when Bain Equity wriggled out of paying it back.

John Green gracefully acknowledges that without government roads his books would have a harder time getting to the much smaller market of literate people that would exist without public education.

I would say the main differences here are that the types of work John Green does has proven benefits, unlike that of Bain Capital, and that John Green has an awareness of the world that goes beyond base self interest. Oh, and that John Green has an admirable quality that Mitt Romney lacks: human decency.

John Green says it best in the last paragraph of his post:

Over the years, I’ve encountered a few successful people who believe they did it all themselves and achieved success because they are just better than their fellow human beings. Some were bankers; some were writers; some were lawyers. Some male, some female. Some rich, some not. Some were born into privilege, some weren’t. I guess they’re a pretty diverse crowd. They only have one thing in common, really: They’re all assholes.

Mitt Romney’s Financial Exploits

August 31, 2012

And never was there a more fitting use of the word exploit.

Mitt Romney doesn’t acknowledge the $30 million Federal bailout that kept Bain Capital from going bankrupt. Or the $10 million which never got paid back for which taxpayers had to foot the bill.

And that is only one example of Mitt Romney profiting, as Matt Taibbi puts it, “by borrowing vast sums of money that other people were forced to pay back.”

Or to put it another way:

Gawker has more information on Romney’s financial exploits.

Romney’s Ryan-Written 0.82% Effective Tax Rate.

August 11, 2012

With all the talk over Mitt Romney’s tax secrecy, Paul Ryan was probably not the best VP pick Romney could have made. After all, Ryan is an economic Randian who wrote a tax plan under which Romney would pay no taxes at all on the $20 million in capital gains and carried interest Romney makes every year.

Romney even admitted this when commenting on Gingrich’s similar plan in the primary.  The only income (that we know about) of Romney’s that Ryan’s plan would tax is the “not much” (hundreds of thousands) that he made in speaker’s fees in 2010, and the probably similar amounts he made in speakers fees in other years. When O’Brien did the math, Romney’s taxes under Ryan’s plan came out to an effective rate of 0.82% on $21,661,344.

Link found at Political Wire.

Romney doesn’t know if he’s paid lower than 13.9% effective tax rate.

August 4, 2012

Mitt Romney was asked by ABC News if there was ever any year when he paid lower than a 13.9% effective tax rate as his 2010 tax returns show.

Said Romney: “I haven’t calculated that. I’m happy to go back and look but my view is I’ve paid all the taxes required by law.”

However, when pressed if he would get back to the interviewer, Romney wouldn’t directly answer the question.

There are a few reason why this matters:
One is that Romney is trying to portray himself as an economic policy wonk: the numbers guy. If he honestly doesn’t know if he has ever paid less than what he paid on the one tax return he release, that undermines his own narrative. On the other hand, he might know that he did pay less than 13.1%- and how much less- and he is dishonestly guarding that fact, because he knows it won’t play well with people making less than one hundredth what he makes and who pay a higher tax rate than he does.

Second is that Romney- while behaving as though his taxes are nobody’s business- is arguing for a tax plan that harms 95% of Americans– but not on people at the top. No, the top few- including Romney- are the ones he wants to give tax breaks. Of course, he already gets generous tax breaks, such as a tax deduction of $129,697 because of having large amounts of money overseas.

And third is this strange idea that capital should be taxed less than labor. Shouldn’t work be encouraged? After all, capital without labor fills storage rooms, gathers dust in warehouses or rots on the vine. And yet Romney’s income from owning capital is taxed less than income that Americans get from doing work.

There is no whining in politics… but there is a lot of backtracking.

July 25, 2012

On Mitt Romney failing to disclose his tax returns:

“There is no whining in politics. Stop demanding an apology, release your tax returns.” – GOP strategist John Weaver

“If you have things to hide, then maybe you’re doing things wrong. I think you ought to be willing to release everything to the American people.” – Alabama Governor Robert Bentley (R)

Columnist George Will and strategist Matthew Dowd agree that Romney is afraid of a revelation with higher costs than the cost of secrecy.

Speaking of higher costs, is there a higher cost to discussing this? Within a day, Bentley is denying his call for the release of Romney’s tax records. Despite the extensive comments he made on the subject.

Links from Political Wire and ElectoralVote.