Archive for the 'Mitt Romney' Category

Date: December 17th, 2007, Filed under Mitt Romney

Supposed business leader Mitt Romney may not be the money marvel and budgeting genius that his supporters make him out to me. After reading the LA Times today, it seems that he may have mastered one thing: knowing about government’s tax loopholes, and taking advantage of them. I own corporations myself, and there are many legimate ways to save on taxes. I only use the moral ones, though.

The LA Times article alleges the following:

But aides to the Republican presidential hopeful and former colleagues acknowledged that the tax-friendly jurisdictions helped attract billions of additional investment dollars to Romney’s former company, Bain Capital, and thus boosted profits for Romney and his partners.

Romney has based his White House bid, in part, on the skills he learned as co-founder and chief of Bain Capital, one of the nation’s most successful private equity groups. His campaign cites his record while governor of Massachusetts of closing state tax loopholes; his involvement with foreign tax havens had not previously come to light.

In the Cayman Islands, Romney was listed as a general partner and personally invested in BCIP Associates III Cayman, a private equity fund that is registered at a post office box on Grand Cayman Island and that indirectly buys equity in U.S. companies. The arrangement shields foreign investors from U.S. taxes they would pay for investing in U.S. companies.

So here is a man running for President, a man who campaigns on his supposed policy of closing tax loopholes, and that very man’s business profited from the very same loopholes he threatens to close for us middle class and poor business owners. Lovely. If I was to make a successful business, I wouldn’t do it by utilizing loopholes that would give me an uncompetitive government-sponsored advantage. Tax laws are supposed to be even (yeah, right), but in reality, they’re not. The powerful always have an advantage, so giving them congratulations on making a profitable business is not worthy of your time. Face it: the powerful can make money, and you and I can try, only to have it robbed through taxation and Federal Reserve inflationary policies.

Would you really vote for an individual who flip-flops not only about his moral views, years after he made policy that went against his new views, but also flip-flops on holding himself to the same standard that he will enforce for others who MUST obey the laws that he signs?

This guy has nothing going for him as President, and this issues is just the cherry on the topping of proof as to why. Glad to sling the mud at your, Mitt. We’ll include it on your resume for future offices that we’re hopeful you’ll not win.

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Date: December 14th, 2007, Filed under Mitt Romney

Mitt Romney has admitted vocally that he is a supporter of the flawed and harmful No Child Left Behind law.

In an interview, Mitt Romney said:

Sure, quite a few, actually. One is No Child Left Behind. I’ve taken a position where, once upon a time, I said I wanted to eliminate the Department of Education. That was my position when I ran for Senate in 1994. That’s very popular with the base. As I’ve been a governor and seen the impact that the federal government can have holding down the interest of the teachers’ unions and instead putting the interests of the kids and the parents and the teachers first, I see that the Department of Education can actually make a difference. So I supported No Child Left Behind. I still do. I know there are a lot in my party that don’t like it, but I like testing in our schools. I think it allows us to get better schools.

Getting the Federal government out of the bureacracy of trying to run local schools has been a key factor in the conservative movement. Federal control of local education has been a pillar of socialism, and has no room in a supposed “conservative” campaign.

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