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Jul 12, 2012


The more everyone finds out about Mitt Romney's finances, the more questions they have. Perhaps that's why he's hiding as much as he thinks he can get away with.

Today, The Boston Globe reported that Romney was still running Bain Capital two years after he claims he left the firm, directly contradicting his campaign's denial that he was involved in deals that led to layoffs, bankruptcies, and American jobs getting shipped overseas.

It's a pattern of secrecy, and this is just the latest example of him trying to hide the truth from voters. There are a number of issues in play right now -- questions to which voters deserve answers:

1) Why won't Romney come clean about his taxes? He seems intent on being the first presidential nominee in over 30 years to keep his financial records hidden from the American people. Earlier this year, Governor Romney hedged when asked if he'd follow the precedent set by his own father, George Romney, and release multiple years of tax returns. After pressure from fellow Republicans, Romney released one year -- 2010 -- which raised many more questions that full disclosure would answer. Here's why that matters: Presidents make important decisions for this country, and Americans ought to know the motivations behind those decisions.

2) Who are the secret supporters raising millions for his campaign? I'm not talking about the shadowy outside groups -- I'm talking about the people in charge of raising money for Romney's campaign and the Republican Party. Romney refuses to reveal his fundraising "bundlers," something even George W. Bush did when he ran for president. Why is that important? Because we'd never know whether these "bundlers" were getting special consideration in decisions made in a Romney White House.

3) What's up with this corporation in Bermuda? One of the Romneys' assets revealed in his 2010 tax returns is a corporation that had previously been transferred to a blind trust the day before he took office as governor. The single year of taxes he's released shows that at some point it was moved back into Romney's sole ownership. What's going on? And, crucially, what's the purpose of having a corporation in a known tax haven like Bermuda in the first place?

4) Why did he have a Swiss bank account? Even his closest allies, like Republican House Speaker John Boehner, can't explain why any American running for president would have ever kept his money in a secretive Swiss bank account.

5) When exactly did he stop running Bain? Today's Globe story sheds light on the two years he now claims he wasn't running the firm. According to legal documents Mitt Romney signed and filed with the Securities and Exchange Commission, he was the sole owner, chairman of the board, CEO, and president of Bain Capital, drawing a salary as an executive until late 2001, and legally responsible for decisions the company made until that time. The Romney campaign denies this report is true, but the SEC documents with Gov. Romney's signature are hard to refute. If he was in charge, it means his role in deals that led to layoffs, bankruptcies, and outsourcing is much deeper than he has admitted to date.

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Posted: Jul 12, 2012 6:20pm
Jul 11, 2012

Romney's latest campain photos

 
Album: Romney


by 259 new, 6819 total342 totalTerry King (108)
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Posted: Jul 11, 2012 9:06pm
Jun 16, 2012

As my 65th birthday is the eighth of August, I have scheduled my retirement date for September first.  I have been paying into the Social security system since 1964 and along with two Union pensions and many years of saving and wise investments, I will have a comfortable retirement.  That being said, I am outraged to learn that although my retirement date will be September first and I will no longer be allowed to work or collect unemployment compensation, I will not receive a payment until October tenth at best.  This won't adversely  effect me in any meaningful way but it started me thinking:  What if I were just barely hanging on to my home or apartment,  what if I needed to pay for any one of a myriad of unavoidable expenses and had no other source of income or rescources?  How the Hell do they expect me to survive with zero cash flow for six weeks?  In my humble opinion... Payments should begin on the first day of retirement not six to eight weeks later...
Thoughts? 

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Posted: Jun 16, 2012 6:02pm
Sep 23, 2010

If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.Henry David Thoreau

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Posted: Sep 23, 2010 8:27pm
Aug 29, 2010

Try growing as much of your own food as possible and, for your own sake, learn to cook!

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Posted: Aug 29, 2010 12:44pm
Mar 23, 2008
I'm new to this site so I'm not sure if this is the correct forum for this but I'm sure that if it isn't someone will let me know.  I found this site some time ago and have enjoyed it.
http://www.freerice.com/  I think they do good work and it doesn't hurt to brush up on our vocabulary.
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Posted: Mar 23, 2008 12:53pm

 

 
 
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Terry King
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