Nice article that explains why ORomney's offshore bank accounts don't sit well with roughly 20% of voters.

'The Republican party is big on patriotism. The platform that Romney is running on for president is steeped in classic Americana -- mom and apple pie, the flag, guns, Christian values, and a lot of other things that evoke pride in and ask for devotion to the United States of America. But devotion to one's country also requires personal sacrifice for the larger good, and for Romney to preach the Republican gospel from the top of a mountain while privately amassing a fortune by evading taxes is deeply hypocritical.'

http://www.huffingtonpost.com/sanjay-sanghoee/romney-offshore-tax-havens_b_1664722.html?utm_hp_ref=business

I could be wrong but I'm right 99% of the time

Fix these numbers and talk to us, Lloydster.

Yawn..
Attachments:

Ask Pelosi how much of her money is invested in other countries?

Too bad for the Democrats that this is the best argument they can come up with.

Why don't you answer one on subject question.

Why do YOU think ORomney keeps his $ off shore?

I could be wrong but I'm right 99% of the time
Attachments:

A Huffpo contributor is critical of Romney?!?!!? No Way!!!

Obama said on July 3, 2008 that raising the debt was "unpatriotic." Obama has increased the debt $5 TRILION in a little over three years. Obama is clearly "unpatriotic" by his own standards.

Lloydster Wrote:
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> Why don't you answer one on subject question.
>
> Why do YOU think ORomney keeps his $ off shore?


How about he answers that when you tell us how many MA Supreme Court Justices Romney nominated. The question has been presented to you numerous times, but you have yet to answer it.

I could be wrong but I'm right 99% of the time

.
Attachments:

Obama's chief economic advisor is Geithner who oversaw the collapse of five major financial institutions in 2008.
Romney's chief economic advisor is Hubbard who wrote slanted research for Wall Street firms to promote deregulation and derivatives.

Lloydster Wrote:
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> Why don't you answer one on subject question.
>
> Why do YOU think ORomney keeps his $ off shore?


The same reason that everyone else with money does it - to minimize his tax burden. Perfectly legal, and I don't blame him one bit for doing so.

and? Wrote:
-------------------------------------------------------
> Lloydster Wrote:
> --------------------------------------------------
> -----
> > Why don't you answer one on subject question.
> >
> > Why do YOU think ORomney keeps his $ off shore?
>
>
> How about he answers that when you tell us how
> many MA Supreme Court Justices Romney nominated.
> The question has been presented to you numerous
> times, but you have yet to answer it.


+1

Why won't Lloydster answer?

Is it because he is too stupid or because he won't admit to being a liar?

GetALife Wrote:
-------------------------------------------------------
> Lloydster Wrote:
> --------------------------------------------------
> -----
> > Why don't you answer one on subject question.
> >
> > Why do YOU think ORomney keeps his $ off shore?
>
>
> The same reason that everyone else with money does
> it - to minimize his tax burden. Perfectly legal,
> and I don't blame him one bit for doing so.


Except that he doesn't really and it doesn't reduce your taxes other than not being taxed where the offshore company may be based. Still have to pay US taxes on it. But most of the idiot population is too dumb and lazy to understand that.

Lloydster Wrote:
-------------------------------------------------------
> Nice article that explains why ORomney's offshore
> bank accounts don't sit well with roughly 20% of
> voters.


Because 20 percent of voters are just as fucking stupid as you are

I have an offshore account or three.
Came back from a police action broke, broken hearted, and pissed off.
Supply and demand. The American Way
I'm so guilty. Best I donate the money to The Church of Latter Day Saints

“Either Mitt Romney through his own words and his own signature was misrepresenting his position at Bain to the SEC, which is a felony, or he was misrepresenting his position at Bain to the American people to avoid responsibility for some of the consequences of his investments,” Cutter said. “And if that’s the case, if he was lying to the American people, then that’s a real character and trust issue that the American people need to take very seriously.”

http://www.politico.com/news/stories/0712/78438.html

I could be wrong but I'm right 99% of the time
Attachments:

FactCheck to Obama Camp: Your Complaint is All Wet

Posted on July 2, 2012

The Obama campaign complains that we got a key fact wrong in our June 29 article, “Obama’s ‘Outsourcer’ Overreach.” We strongly disagree. We find the Obama campaign’s evidence to be weak or non-existent, and contrary to statements Romney has made on official disclosure forms under pain of federal prosecution.

The Obama complaint claims we erred in saying Mitt Romney gave up active management of Bain Capital in early 1999 to run the 2002 Winter Olympics, insisting we were then wrong in saying Romney was not responsible for shipping U.S. jobs overseas.

In fact, if the Obama campaign were correct, Romney would be guilty of a federal felony by certifying on federal financial disclosure forms that he left active management of Bain Capital in February 1999.

And after reviewing evidence cited by the Obama campaign, we reaffirm our conclusion that Romney left the helm of Bain Capital when he took a leave of absence in 1999 to run the Salt Lake City Organizing Committee for the 2002 Winter Olympics – as he has said repeatedly — and never returned to active management. The Obama campaign’s recent ads thus mislead when they point to investments made by Bain, as well as management decisions made by companies in which Bain invested, after that time.

The Obama campaign’s objections are contained in a six-page letter sent to us (and — without notice to us — to other news organizations as well). It cobbles together selective news snippets and irrelevant securities documents in an attempt to show that Romney was still running Bain Capital on a part-time basis while he was also running the Olympics committee.

In a nutshell, the Obama campaign is all wet on this point.

Romney Committing Felonies?

If the Obama campaign is correct, then Romney is guilty of lying on official federal disclosure forms, committing a felony. But we don’t see evidence of that.

Here’s what Romney has said:

Mitt Romney Public Financial Disclosure Report, Aug. 11, 2011: Mr. Romney retired from Bain Capital on February 11, 1999 to head the Salt Lake Organizing Committee. Since February 11, 1999, Mr. Romney has not had any active role with any Bain Capital entity and has not been involved in the operations of any Bain Capital entity in any way.

Romney’s signature appears on the line that states: “I certify that statements I have made on this form and all attached schedules are true, complete and correct to the best of my knowledge.”

Making false statements to the federal government is a serious crime (under 18 USC 1001) carrying possible fines and up to five years in federal prison. But we don’t see that the Obama campaign has come close to showing that Romney has committed any such crime.

Romney is supported by the current management of Bain. We re-checked with Bain spokesman Alex Stanton, who released a statement about Romney’s departure date:

Bain Capital, July 2: Mitt Romney retired from Bain Capital in February 1999. He has had no involvement in the management or investment activities of Bain Capital, or with any of its portfolio companies since that time.

Where’s the Evidence?

So what does the Obama campaign have in rebuttal? Very little, and none of it convincing in our judgment.

Much of the Obama campaign’s letter is devoted to quoting portions of documents filed with the Securities and Exchange Commission. In summary, the letter states there are “at least 63 filings with that agency after March 1, 1999 that list various Bain entities and describe them as ‘wholly owned by W. Mitt Romney.’” That’s true, but not relevant.

We have never disputed that Romney remained the owner of Bain while he was running the Olympics committee. The issue always has been, who was running Bain? Nothing in the SEC documents contradicts what Romney has certified as true.

On that point, the Obama campaign cites snippets of a few news clippings to make a case that Romney was still a part-time manager of Bain after he left to run the Olympics. But a close reading shows these news accounts don’t contradict Romney either.

For example, the Obama letter quotes from a Boston Herald story (“Romney looks to restore Olympic Pride”) that cites a partial quote from Romney saying that he intended to stay on at Bain as a part-timer. Here’s the quote in a fuller context.

Boston Herald, Feb. 12, 1999: Romney said he will stay on as a part-timer with Bain, providing input on investment and key personnel decisions. But he will leave running day-to-day operations to Bain’s executive committee.

First, the Obama campaign simply ignores Romney’s stated intent to “leave running day-to-day operations” to others. And in any case, Romney’s statement that he would remain a “part-timer” is merely a statement of intent, issued just as he was leaving for the Olympics job and before he knew how much time it would consume. It is not evidence of what actually happened.

And as to what happened later, the evidence is clear. According to an Associated Press story that ran just two months later, Romney quickly discovered that he was working 16-hour days on the Olympics, leaving no time for Bain (or even his own wedding anniversary).

The AP story (which we retrieved from the Nexis database) began this way:

The Associated Press, April 4, 1999: Sixty days ago, Mitt Romney was preparing to take time off work — one week a month — so he could travel with his wife while her health would still allow it. Now, he can’t even get free for their 30th anniversary celebration, and the trip to Hawaii for her 50th birthday has been canceled.

“I have a lot to learn, and a lot to catch up on. So I am going full-bore,” says Romney, who has been working 16-hour days, seven days a week. “It is a more intense experience than I had anticipated.”

His wife, Ann, is more blunt: “It’s like he walked into an empty elevator shaft.”

The AP story goes on to say that Romney “immersed himself in books on sports management” and “has answered about two dozen e-mails and letters a day, spent a quarter of his time dealing with the media, and juggled meeting requests from city officials, board members and business owners.”

It also quotes an accountant friend who was assisting Romney, Bob White, as saying “Right now he’s doing two, maybe three full-time jobs” running the Olympics. Romney’s wife, Ann, is quoted as saying that her husband had been working 112 hours a week at first, causing her to move to Salt Lake City to be with him. Since her arrival, she said, he had cut his Olympics work to 84 hours a week.

The Obama campaign’s letter says a reporter learned in a 2000 interview with Ann Romney that her husband was “dividing his time between running Bain and running the Olympics,” but in fact those words don’t appear in the news clip it cites.

The Nov. 11, 2000 Boston Globe story (which we read in full via Nexis) paraphrases Ann Romney this way: “The [Olympics] project is running smoothly now, though still requiring so much of Mitt Romney’s time that he has had to lessen his involvement with Bain Capital, his investment firm.” And he did indeed “lessen” his involvement, giving up all management control according to what he has certified repeatedly. The Globe story goes on to quote Ann Romney as saying the couple is still living in Salt Lake City and that “[w]e’re still coming home [to Boston] for Thanksgiving.” Nowhere is she quoted as saying he has spent any time managing Bain.

Similarly, the Obama campaign cites a Washington Post story from 2007 that quotes a Romney lawyer, R. Bradford Malt, as saying that he “finally resigned and reduced his role at the company to that of a passive investor in 2001.” That’s true, but we read that to mean only that Romney went from being an absentee owner to being a passive investor. Nowhere was Malt quoted as saying Romney took any active role in managing Bain after leaving to run the Olympics.

And just to be sure, we checked with Malt. He said:

R. Bradford Malt, July 2: After leaving Bain Capital in February 1999, Mitt Romney devoted 100% of his time and energy to the overwhelming task of rescuing the Winter Olympics, which were in a state of disarray when he took the job. Because of the demands of this job, Mr. Romney was not involved in the management or activities of Bain Capital or any of its portfolio companies in any way.

When it became clear that he would not be returning to Bain Capital, Mr. Romney entered into a retirement agreement formalizing transfer of control based on his February 1999 separation date from Bain Capital.

Another example of the weak evidence cited by the Obama campaign is a Salt Lake Tribune story from the time Romney left the Olympics to run for governor of Massachusetts. The campaign quotes Romney as saying he was then giving up control of all Bain’s voting stock, and paraphrases Romney as saying that the divestiture affected “only the management and control of the company.”

That’s true, but it’s not evidence that Romney had been running the company, even on a part-time basis. A full reading of the article makes clear that Romney said he did not intend to “resume” his managment duties, and wanted to let his partners know that they would not have to “move over one office” to make room for him.

Salt Lake Tribune, Aug. 21, 2001: The transition was ensured when Romney informed the 26 managing directors of Bain Capital recently that he was “going limited.” That meant he no longer intended to resume his duties as managing partner and chief executive of the company, which started or took part in 140 corporate acquisitions since 1984 and has more than $ 12 billion in assets.

In doing so, he gave up control over all of Bain Capital’s voting stock, dividing the shares between the two dozen directors. The divestiture had no financial ramifications, Romney said, affecting only the management and control of the company.

The split was finalized now, Romney said, so that Bain Capital’s directors would not have to wonder whether they would hear “We’re back . . . everyone move over one office” after the 2002 Olympics and Paralympics are over.

For all these reasons, we respectfully reject the Obama campaign’s request that we amend our original story.

We re-state our conclusion that “some of the claims in the [recent Obama] ads are untrue, and others are thinly supported.” And we suggest that should Obama campaign officials discover any actual evidence that Romney personally participated in any management decisions at Bain after February of 1999, they should produce it to a federal prosecutor.

– Brooks Jackson and Robert Farley, with Eugene Kiely

Re: Is ORomney a tax evader or just a hypocrite?
Posted by: Coming clean ()
Date: July 12, 2012 12:45PM

I have an offshore account or three.
Came back from a police action broke, broken hearted, and pissed off.
Supply and demand. The American Way
I'm so guilty. Best I donate the money to The Church of Latter Day Saints

Read between the lines. Funny! To bad now its the mexican way.
Isn't Mitt a half breed?

Is Romney a tax evader or just a hypocrite?
Neither. He's just someone who tries to maximize his after tax returns.

Fix these numbers and talk to us, Lloydster.
The problem with your numbers WingNut is that unemployment when George W Bush left office in January of 2009 was around 7.5%. The rate when Clinton left office in 2001 was around 4.3%. The rate when George HW Bush left office in 1993 was over 7% which was up almost 2% from when he took over from Reagan. Also in January of 2009 the Food Stamp levels were at 32M. It had risen by around 4M over the last twelve months of the Bush presidency.

Ask Pelosi how much of her money is invested in other countries?
Last I checked Pelosi was running in San Francisco and Boehner was running in Ohio.

Obama said on July 3, 2008 that raising the debt was "unpatriotic."
Not one of his finer moments.

How about he answers that when you tell us how many MA Supreme Court Justices Romney nominated. Romney nominated something like 36 judges to Mass Courts but as far as I know none to the Mass Supreme Court. Now fun fact, courtesy of Mr. Santorum, was that only 13 of those 36 were Republicans.

Bill.N. Wrote:
-------------------------------------------------------
>
> Ask Pelosi how much of her money is invested in
> other countries?
> Last I checked Pelosi was running in San Francisco
> and Boehner was running in Ohio.
>

WTF is your point?

it's just a way of preoccupying both sides like Clinton's black baby, Obama's SSN, Romney's Bain, and so on. frankly, if people keep voting the same party election after election, that's not really informed democracy. it's time to eliminate party affiliation from voting ballots and force people to think. no more free advertising for the two corrupt machines. maybe, it's time to let other people vote and make the difference. people who voted dems and pubs straight for the last two elections need not vote.

preoccupy yourself Wrote:
-------------------------------------------------------
> frankly, if people keep voting the
> same party election after election, that's not
> really informed democracy. it's time to eliminate
> party affiliation from voting ballots and force
> people to think. no more free advertising for the
> two corrupt machines.

+1

He's neither.......Eric Holder would have prosecuted him by now.

http://www.time.com/time/business/article/0,8599,1917648,00.html

I wonder if HuffPo knows you've stolen their "National Enquirer" style of lying through headlines?

GetALife Wrote:
-------------------------------------------------------
> Bill.N. Wrote:
> --------------------------------------------------
> -----
> >
> > Ask Pelosi how much of her money is invested in
> > other countries?
> > Last I checked Pelosi was running in San
> Francisco
> > and Boehner was running in Ohio.
> >
>
> WTF is your point?

Point is I can't vote for or against either of these so why is it my concern.

Bill.N. Wrote:
-------------------------------------------------------
> GetALife Wrote:
> --------------------------------------------------
> -----
> > Bill.N. Wrote:
> >
> --------------------------------------------------
>
> > -----
> > >
> > > Ask Pelosi how much of her money is invested
> in
> > > other countries?
> > > Last I checked Pelosi was running in San
> > Francisco
> > > and Boehner was running in Ohio.
> > >
> >
> > WTF is your point?
>
> Point is I can't vote for or against either of
> these so why is it my concern.

Ideally, it isn't your concern, but the location of Romney's money shouldn't be your concern, either. Dems simply have nothing better to talk about.

Bill.N. Wrote:
-------------------------------------------------------
> GetALife Wrote:
> --------------------------------------------------
> -----
> > Bill.N. Wrote:
> >
> --------------------------------------------------
>
> > -----
> > >
> > > Ask Pelosi how much of her money is invested
> in
> > > other countries?
> > > Last I checked Pelosi was running in San
> > Francisco
> > > and Boehner was running in Ohio.
> > >
> >
> > WTF is your point?
>
> Point is I can't vote for or against either of
> these so why is it my concern.


Because they are the leaders of their respective parties. Whoever you vote for in the upcoming House elections will then vote for his party's leader. Whoever you put there will decide with his first vote who the Speaker of the House is going to be - Pelosi or Boehner.

"Is ORomney a tax evader or just a hypocrite?"

Neither, but you are a faggot.

Is ORomney a tax evader or just a hypocrite?
Posted by: Lloydster

Coming from a guy who doesnt even hold a job.............

Lloydster Wrote:
-------------------------------------------------------
> Nice article that explains why ORomney's offshore
> bank accounts don't sit well with roughly 20% of
> voters.
>
> 'The Republican party is big on patriotism. The
> platform that Romney is running on for president
> is steeped in classic Americana -- mom and apple
> pie, the flag, guns, Christian values, and a lot
> of other things that evoke pride in and ask for
> devotion to the United States of America. But
> devotion to one's country also requires personal
> sacrifice for the larger good, and for Romney to
> preach the Republican gospel from the top of a
> mountain while privately amassing a fortune by
> evading taxes is deeply hypocritical.'

back in 08 McCain reviewed 20 years worth of Romney's tax returns, and decided that Sarah Palin was a better pick for VP. Makes ya wonder what's in there.

crook Wrote:
-------------------------------------------------------

>
> back in 08 McCain reviewed 20 years worth of
> Romney's tax returns, and decided that Sarah Palin
> was a better pick for VP. Makes ya wonder what's
> in there.


Yeah, cause that was the deciding factor. lol

Wanker

Most offshore accounts are set up to shelter revenues generated overseas. I doubt it is anything nefarious, but most Republican voters are too stupid to worry about facts (birth certificates, socialism, etc)

The bigger concern for Romney should be the Bain SEC filings. It would be one thing if he were listed as Chairman in 2002, but he was listed as CEO. If he wasn't involved in the day-to-day operations of Bain at that time, as he claims, he submitted a signed legal document to the government that was patently false. Not a good thing.

---------------------------------------------------------------------------------
http://bible.cc/1_corinthians/13-11.htm



Edited 1 time(s). Last edit at 07/14/2012 11:21AM by WashingTone-Locian.