General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsA new one praising Mitt on Facebook.
Snopes says it is mostly true.
Undecided about countering.
spanone
(135,857 posts)bwahahahahahahaaa
mnhtnbb
(31,399 posts)Never wondered whether to pay for groceries or rent. Never
had to pay off student loans and couldn't find a job. Never
lost his home because he was laid off, couldn't find a job
and couldn't make the mortgage payments. Never wondered
if he could afford the doctor bill when one of his kids got sick
and he didn't have health insurance....and on and on and on.
He is clueless.
Tennessee Gal
(6,160 posts)May I use some of it?
mnhtnbb
(31,399 posts)warrior1
(12,325 posts)1. As head of the investment company Bain Capital, Mitt Romney laid off thousands of workers.
[CBS News, 01/28/2008]
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2. Mitt Romney's advice on the foreclosure crisis: "Don't try and stop the foreclosure process."
[Mother Jones, 10/18/2011]
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3. The former Bain Capital managing director said of Mitt Romney's tenure: "We had a scheme where the rich got richer."
[Los Angeles Times, 12/16/2007]
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4. Mitt Romney set up shell companies in the Cayman Islands and Bermuda to avoid U.S. taxes.
[Los Angeles Times, 12/19/2007]
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snip
sufrommich
(22,871 posts)Overseas
(12,121 posts)They would just document how much he has given to his Mormon church, our country, and his family.
EC
(12,287 posts)capital gains. You can bet he wrote off every single $ on his taxes as charity or business expense too. So at least his tax avoidance helped some, but that's all the credit I'd give him.
If they want to go that route I'm sure Obama has just as stirring a tale to tell that the quote "That's the kind of man Obama is." could be used. (In fact from what I can see Obama's story would be more easy to relate to, to the public) This is saying that Obama must not be this kind of man since they are saying only Rmoney is in that quotation.
ProSense
(116,464 posts)the first claim, and the rest is just fluffy bullshit (some from Fehrnstrom with nothing to back up these claims) to try to show Mitt served his country.
Unpaid intern for his father?
http://www.snopes.com/politics/romney/realmitt.asp
LeftinOH
(5,357 posts)wealthy when he led the SLC Olympics.
His two years in France (trying to convince the locals to cease drinking wine, tea, and Coca-Cola...among other things) were made possible via draft deferments.
"Vounteered" for his dad's gubernatorial campaign? Really? Like it's some amazing sacrifice to to unpaid work on one's father's political campaign.
And frankly. whatever work he did for the Mormon church (with or without pay) means jack shit to me.
annabanana
(52,791 posts)without these pittances. No wonder he can make $10,000 bets on a whim. No wonder his $375,000 a year in speaking fees aren't worth mentioning...
Hamlette
(15,412 posts)Politifact is pretty interesting about the inheritance. The "charity" was an endowment at BYU for a chair his father established. Plus, his dad died in 1995 and when asked why he gave the money away, which wasn't that much he says:
"I figured we had enough of our own," he said.
He probably did. By 1995, Romney had already led Bain Capital for more than a decade, where shrewd investments made him millions. He stepped down in 1999.
http://www.politifact.com/truth-o-meter/statements/2012/jan/20/mitt-romney/mitt-romney-says-he-didnt-inherit-money-his-parent/
There were four Romney kids, his dad actually paid taxes so there might not have been that much, say $1 million per kid, and since Mitt is worth $250 million why not be magnanimous in your dad's name and help fund his memorial to the church?
Remember too that he had stock worth, in today's dollars $400,000 when he was in college so where did he get that?
And it is STAKE president, not state president and it is a volunteer position designed to be part time. All mormon bishops and stake presidents serve without pay. It's like saying I volunteered for 35 years because that's how long I've been volunteering at various charities. Sheesh. And anyway, how altruistic! In service to your church?
ProSense
(116,464 posts)sufrommich
(22,871 posts)He gave his inheritance to Brigham Young University, in 1995 when his Dad died. Romney was an extremely wealthy man by then.
"I did get a check from my dad when he passed away. I shouldn'tt say a check, but I did inherit some funds from my dad. But I turned and gave that away to charity. In this case I gave it to a school which Brigham Young University established in his honor. ... And thats where his inheritance ended up."
That's called an endowment, which many very rich people do, it's also a tax write off. Brigham Young named the school after Romney's father.
http://www.politifact.com/truth-o-meter/statements/2012/aug/27/reince-priebus/republican-national-committee-chair-reince-priebus/
Volunteered for a year for his Dad's campaign. So?
Unpaid intern for his Daddy the governor. Again,so?
Romney was making money hand over fist, as a vulture capitalist, which is why he could afford those tax write offs, er ,unpaid services.
Brickbat
(19,339 posts)Terra Alta
(5,158 posts)was the Mormon church.
The fundies can't be too thrilled about that.
sufrommich
(22,871 posts)his father and tax deductible.Two birds, one stone.
Bonhomme Richard
(9,000 posts)we were all independently wealthy.
chowder66
(9,074 posts)And Self-interest charity does not impress me.
siligut
(12,272 posts)While he took millions from people not in the church. Fuck! Don't counter this, make it huge. Mitt cares about his people, but grabbed all he could from the rest of us.
Not taking salary as Governor? I keep thinking this has something to do with the fact that he wasn't eligible for the position, somehow, not getting paid made it legal. And seriously, wouldn't it be lovely to know how much money he made due to the position, though not paid a salary, I am sure old Mitt made a bundle.
Tennessee Gal
(6,160 posts)Would appreciate your thoughts on this! Am considering sending it through private message so that it stays between the two of us.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
_____________, I saw the Facebook post you made about Romney. I respect you very much and thought there might be a few things you would like to know about what was included in the post.
Romney was 15 when he worked for his fathers campaign. Most of us would do that too if we had a father running for Governor who had also been the head of an automobile company.
Romney did not work for 8 years as an intern in the Michigan governors office since his father was only in office 6 years (1963 to 1969) and Romney was in college and a Mormon missionary during that same period of time (1965 1968). His two years in France were made possible via draft deferments during the Viet Nam war.
It is stake president in the Mormon faith, not state president. That is a volunteer position designed to be part time and they all serve without pay.
He was already extremely wealthy through his position at Bain when he served as Governor of Massachusetts and later took the Olympics job. He was paid $922,980 in salary and $476,000 in a severance package for the Olympics job, but says that it was donated to charity.
As for donating his entire inheritance to charity, it should be noted that his father passed away in 1995 and Romney had already led Bain Capital for more than a decade where shrewd investments made him a multi-millionaire. There is evidence of a family-funded endowment at BYU started in 1998 to support the George W. Romney Institute of Public Management, which would have provided a significant tax deduction to someone who was already extremely wealthy and needed that more than he needed the money.
Romneys charitable donations in 2010 amounted to 19.2% of their income. The Obamas charitable donations in 2010 were 20.4% of their income.
Romney has had quite a financially stable and successful life. He has amassed great wealth and has admitted that he has investments in a Swiss bank account and in the Cayman Islands, which is a well-known tax avoidance haven. He is refusing to release any more than two years of his tax returns even though his father released 12 years when he ran for President. Why is that? What does he not want the American people to know about?
Bottom line is this: Romney has made a great deal of money, which is the right or every American. However, it also means that Romney has never had to choose between paying for groceries and paying rent. He has never had to apply for or pay off student loans. He has never gone without a job or even had to search for a job. He has never been in danger of not being able to make his mortgage payments or of losing his home. He has never had to fear one of his children getting sick and not having health insurance or not being able to pay a doctor or hospital bill. He has never had to struggle like so many Americans have and this causes him to lack empathy for lower and middle class hardships that come along. That is why he sees no problem in promoting tax policies that will give tax cuts to the already wealthy and raise taxes on everyone else.
Tennessee Gal
(6,160 posts)So disgusting.
joeybee12
(56,177 posts)cult
sad sally
(2,627 posts)so generous for 28 years by not talking a lick of cash for this "work," where did the money come from for all the necessities of life - plus the luxuries he and his enjoyed all those years?
Manna from heaven? I doubt it.
hfojvt
(37,573 posts)I have done plenty of volunteer work myself.
But I suppose it is much easier to do that, turn down a mere $100,000 a year salary as Governor, let's say, when you a) still get a free room at the Governor's mansion as well as probably free meals and transportation, and, more importantly b) are still making multiple millions in dividends, interest and capital gains.
I mean, what a sacrifice, giving up a $100,000 salary and just living on "$3.3 million in interest, $4.9 million in dividends, and $12.6 million in capital gains "
http://www.democraticunderground.com/?com=view_post&forum=1002&pid=1167192
I'd like to sign up for 3 months of that - I'd be set for life.
Did I say 3 months?
Actually one WEEK would do it - Romney makes about $400,000 each week.
So he doesn't really need another $100,000 a year for being Governor.
JaneyVee
(19,877 posts)Vincardog
(20,234 posts)He did not meed a salary. I wish I could afford to take all that time off.