Wednesday, July 18, 2012

I know what I said...

I know I said I wasn't going to write anymore about politics, but the nincompoopery is as high as an elephant's eye - and so I must retroactively un-state that.
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FYI - If you are not in the states - and haven't been part of this train wreck, permit me to explain.
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The Quote
Mitt Romney has claimed, as his chief qualification to be President, that he has the business experience to lead the country out of the depression.  You see, Mittens can't talk about being Gov. of Massachusetts because he chief accomplishment was to pass Health Care that is template for "ObamaCare".  And Mittens was pro-gay rights and pro-choice.  None of that flies in today's Republican party - so (process of elimination) "great business man" it is.
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But during his years at Bain Capital, the company excelled at turn-around, often by outsourced a lot of jobs off shore (ie to India or China).  Which isn't really a big deal in the company-turning-around business.  I mean his job at Bain was to make money - but that is very different than being President.
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Mittens' response to issues like this - he answers that he left Bain in 1999. So he wants credit for the good stuff, but none of the bad.  Honestly, that was always going to be a tough fight.  But it got a hell of a lot tougher once the United States Official Securities and Exchange Commission fillings came out in which Willard Mittens Romney signed as Bain's President, CEO and Sole Stockholder.  And they bare his legal signature over 6 times from 1999 to 2002.
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He also said - when running for Governor of Mass., that he was intimately involved in the business decisions of Bain.  To squirm (one might say "lie") his way out of this, his adviser went on National TV and explained it this way... "He was in charge in 2000 - 2002, but in 2002 he retroactively retired back to 1999.
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Seriously!
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 This, by the by, is another reason he won't release his tax returns because it shows CEO income during the years he has no retroactively retired.  And, as part of that retirement, Bain deposited over $1Milliion ($1,000,000.00) into an IRA which the little people are only allowed to contribute $2,000 a year.  Apparently he was worth 500 years of an average person.

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