Political Irony

4 Comments

1. jonah wrote:

   This piece of news may make him the most interesting man in the world
   http://bostonglobe.com/news/politics/2012/07/11/government-documents-indicate-mitt-romney-continued-bain-after-date-when-says-left/IpfKYWjnrsel4pvCFbsUTI/story.html

   Thursday, July 12, 2012 at 10:54 am | Permalink
2. Don wrote:

   Was that Ronald Reagan making the last comment? Kind of sounds like him.

   I think the Bain Capital thingy is going to be around for a while. He’s countered calling Obama a liar, but now it appears that the Globe has turned the charge back on Mitt.

   Thursday, July 12, 2012 at 11:17 am | Permalink
3. Iron Knee wrote:

   Here’s a good followup to the Globe article — http://www.thedailybeast.com/articles/2012/07/12/the-globe-s-bain-revelation-drip-drip.html

   Thursday, July 12, 2012 at 12:25 pm | Permalink
4. jonah wrote:

   By limiting IRA contributions to a few thousand dollars a year, Congress clearly meant these vehicles merely to be tools with which Americans could save a bit each year on a tax-deferred basis–not to place high-risk/high-reward bets that could allow people to amass vast fortunes beyond the reach of IRS.
   Romney and his colleagues, obviously, never needed the tax help to save for retirement–because they quickly had more money than they would ever need to retire on. So for Romney and Bain, the IRAs were merely tools with which to allow returns to compound without paying taxes.
   Again, all of this may have been perfectly legal. But it suggests that Romney’s financial success was about a lot more than “making great investments” (although Bain clearly did that, too).
   And it also likely explains, again, why Romney is so adamant about keeping his tax returns secret. Because the “L” shares and “A” shares tax trick was likely only the beginning. And, for obvious reasons, Romney doesn’t want average Americans to discover any more details like this.

   http://www.businessinsider.com/heres-one-of-the-clever-financial-tricks-that-mitt-romney-used-to-become-dynastically-rich-2012-7

   Friday, July 13, 2012 at 11:44 am | Permalink