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Thread: The distortions about Mitt Romney and his record.

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    Oreo is offline Secretary of State
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    The distortions about Mitt Romney and his record.

    After being on political boards for quite some time--I think it's time to clear the record about Mitt Romney.

    1. Mitt Romney just inherited money from his father. Truth is yes--but he donated all of it.
    When his father died in 1995, Mitt donated his inheritance to BYU's George W. Romney Institute of Public Management and joined the board and was vice-chair of the Points of Light Foundation (which had incorporated his father's National Volunteer Center).
    Mitt Romney - Wikipedia, the free encyclopedia

    2. Mitt Romney--was just a blood sucking capitalist when he was CEO of Bain Capital.
    On the surface, Romney’s team did what other management consultants did. They’d look at a company, go through its books, find out everything they could about it and its industry. They’d even count cars in the parking lot of competitors to figure out how many people worked there. Rehnert says Romney was ruthlessly data-driven.

    “Dive into the detail,” Rehnert remembered of Romney’s capability, “to the point of building models, reading legal documents, drawing slides, taking notes, and then he could zoom right back up to 50,000 feet and look down and see the big picture.”

    And then decide what to do. What made Romney a millionaire hundreds of times over was the fact that Bain Capital owned these companies. The venture wasn’t simply a consulting firm that wrote a report with a list of recommendations, hoping the client company would follow through. Bain Capital made the company follow through.
    Romney’s Bain Years: Turnaround Specialist-In-Chief | WBUR

    3. The economic growth rate of the state of Mass. came in at a miserable 47 compared to the other 50 states--when Romney was governor.
    During Mitt Romney's term, the state unemployment rate fell from 5.6 to 4.7 percent.[35] Job growth increased at a 1.3 percent rate during Romney's term, ranking Massachusetts 47th out of 50 states[18]
    Many economists in this country consider 4.7% unemployment to be FULL employment. And as a measure as to how "fast" an economy grows from one state to another is like comparing the weight lost between someone who weights 300 lbs. and loses 20 pounds in a week to a person who is just 10 lbs. overweight and takes two years to take it off, and then referring to the 300 lb person as the winner in a total weight loss contest.
    Governorship of Mitt Romney - Wikipedia, the free encyclopedia

    Now his success's. The Utah Winter Olympic games.
    Before Romney came on, the event was running $379 million short of its revenue benchmarks.[121] Plans were being made to scale back the Games to compensate for the fiscal crisis, and there were fears the Games might be moved away entirely.[122] The Games had also been damaged by allegations of bribery involving top officials, including prior Salt Lake Olympic Committee president and CEO Frank Joklik. Joklik and committee vice president Dave Johnson were forced to resign.[123] Romney was chosen by Utah figures looking for someone with expertise in business and law and with connections to the state and the LDS Church.[124] The appointment faced some initial criticism from non-Mormons, and fears from Mormons, that it represented cronyism or gave the Games too Mormon an image.[30]
    Romney ran the planning for the Games like a business.[125] He revamped the organization's leadership and policies, reduced budgets, and boosted fundraising, alleviated the concerns of corporate sponsors and recruited many new ones.[119][124] He appealed to Utah's citizenry with a message of optimism that helped restore confidence in the effort.[119][125] He worked to ensure the safety of the Games following the September 11, 2001 terrorist attacks by coordinating a $300 million security budget.
    Mitt Romney - Wikipedia, the free encyclopedia

    Coming into Mass. with a 1.5 billion dollar deficit and leaving with a 2 billion dollar surplus in a rainy day fund.
    Governorship of Mitt Romney - Wikipedia, the free encyclopedia

    Now maybe you can understand why our community organizer President is freaking out--and desperately trying to lash out at every single opportunity because he is being matched up against a private sector genius--by his own making--that was capable of doing all of the above.

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    uncleray is offline Concerned Citizen
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    Re: The distortions about Mitt Romney and his record.

    1. Mitt Romney donated inheritance money from his father.
    A nice gesture but if someone donates ALL of their inheritance they either didn't need it, or got a nice tax write-off.
    2. Mitt Romney--was not a blood sucking capitalist when he was CEO of Bain Capital?
    Absolutely he was! That's the job of a VC. Take weak companies burdened by debt, inefficiencies, and other liabilities (people), break them up, repackage them and sell at a profit. Nothing wrong with clearing out dead wood.
    But if the Repubs can harp on Obama's stint as a "Community Organizer" then Romney's role as a VC can be questioned as well.
    3. The economic growth rate of the state of Mass....
    Overall Mr. Romney was not a great governor.
    5 Facts About The Massachusetts Economy Under Mitt Romney | ThinkProgress
    If he was so wonderful as the Governor, of a Republican state, no less! why didn't he run for re-election?
    Because he would have lost!
    Why Didn’t Mitt Romney Run for Reelection as Governor? | RedState
    Mitt is a "Camo Candidate" who will blend into whatever organization or group that is providing funding, saying whatever he thinks you want to hear.
    Still, the election will be close.

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    Re: The distortions about Mitt Romney and his record.

    massachusetts is a tough place for Republicans to run even if they are popular. Look at Scott Brown, 55-60% approval rating, still neck and neck with Warren. You have to wonder what a Republican officeholder has to do to get reelected there. Similarly, Democrats almost never get defeated even when their approval ratings hover around 30%.

    As for job growth, it was 47th over the whole of his term, but he inherited 50th and was up to 37th by the time he left office.

    Things got better under Romney. His turnaround credentials are intact.

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    Re: The distortions about Mitt Romney and his record.

    Massachusetts is a balanced budget state, every year there is a projected deficit, every year the the legislature closes the deficit with increases of fees, fines and taxes and spending cuts.
    Romney preferred raising fees and fines, leaving taxes alone and eventually working in a small tax cut(because he knew he was running for president and saying he cut taxes would be important) .
    So License renewal went from $5 to $50, so did the fees for every professional license and registration.

    He is considered anti-business by the wedding planning and catering community, since same sex marriage was declared legal when he was governor, (a man who campaigned as "The best friend gays would ever have in government"), Romney (with an eye towards the GOP presidential primary) dug up a 1913 law that banned marriages "that would not be legal in the state where the parties resided", this was a law passed to slow the flow of mixed race couples coming to Massachusetts to marry back in 1913, and Romeny used it to restrict Same Sex marriage to Massachusetts and Vermont residents, driving away an estimated 100 million dollars worth of same sex weddings.

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    Re: The distortions about Mitt Romney and his record.

    Romney is without a doubt a slimy politician that will do what is best for him. What he has going for him right now is Obama is far more dangerous to our liberty and the welfare of our country than Romney can ever be. It is time to vote for Romney and also time to vote for a conservative congress that will keep him on the correct track.
    Moderates are not republicans

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    Quote Originally Posted by uncleray View Post
    1. Mitt Romney donated inheritance money from his father.
    A nice gesture but if someone donates ALL of their inheritance they either didn't need it, or got a nice tax write-off.
    2. Mitt Romney--was not a blood sucking capitalist when he was CEO of Bain Capital?
    Absolutely he was! That's the job of a VC. ...
    This is pure opinion and does not dispute the facts responded to.

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    Goober's is opinion as well. Again lacking facts.

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    adaher is offline President
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    Re: The distortions about Mitt Romney and his record.

    Quote Originally Posted by thanatos144 View Post
    Romney is without a doubt a slimy politician that will do what is best for him. What he has going for him right now is Obama is far more dangerous to our liberty and the welfare of our country than Romney can ever be. It is time to vote for Romney and also time to vote for a conservative congress that will keep him on the correct track.
    I don't know if I'd describe him as slimy, as there is no scandal connected with him, no corruption. What I will say about him is that he's a typical politician who will say anything to get elected. But so is his opponent. And Romney never claimed to be a different kind of politician.

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    Re: The distortions about Mitt Romney and his record.

    Quote Originally Posted by adaher View Post
    I don't know if I'd describe him as slimy, as there is no scandal connected with him, no corruption. What I will say about him is that he's a typical politician who will say anything to get elected. But so is his opponent. And Romney never claimed to be a different kind of politician.
    He is a Michigander as am I so I can smell slimy . He doesn't need to be in a scandal to know he will do whats best for him which to me is slimy. Obama is a progressive true believer. That makes him far more dangerous and nothing like Romney.
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    Re: The distortions about Mitt Romney and his record.

    Quote Originally Posted by thanatos144 View Post
    Romney is without a doubt a slimy politician that will do what is best for him. What he has going for him right now is Obama is far more dangerous to our liberty and the welfare of our country than Romney can ever be. It is time to vote for Romney and also time to vote for a conservative congress that will keep him on the correct track.
    ahoy Thanatos144,

    This is pure opinion and does not dispute the facts responded to.

    - MeadHallPirate

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    Re: The distortions about Mitt Romney and his record.

    Quote Originally Posted by MeadHallPirate View Post
    ahoy Thanatos144,

    This is pure opinion and does not dispute the facts responded to.

    - MeadHallPirate
    Yes it is pure opinion about Romney. Obama? Not so much seeing the last three years prove me right.
    Moderates are not republicans

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    Re: The distortions about Mitt Romney and his record.

    Quote Originally Posted by Damn Yankee View Post
    Goober's is opinion as well. Again lacking facts.
    Having problems with understanding English, again, eh muchacho?

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    Re: The distortions about Mitt Romney and his record.

    Quote Originally Posted by Oreo View Post
    [...]

    3. The economic growth rate of the state of Mass. came in at a miserable 47 compared to the other 50 states--when Romney was governor.
    Many economists in this country consider 4.7% unemployment to be FULL employment. And as a measure as to how "fast" an economy grows from one state to another is like comparing the weight lost between someone who weights 300 lbs. and loses 20 pounds in a week to a person who is just 10 lbs. overweight and takes two years to take it off, and then referring to the 300 lb person as the winner in a total weight loss contest.
    Governorship of Mitt Romney - Wikipedia, the free encyclopedia

    [...]

    Coming into Mass. with a 1.5 billion dollar deficit and leaving with a 2 billion dollar surplus in a rainy day fund.
    Governorship of Mitt Romney - Wikipedia, the free encyclopedia

    [...]
    I will only address those two.
    About job growth, there are two numbers (the 47th and the 30th trend), both are correct and from the same source. I tend towards accepting the trend. I have been proposed that the 4.7% figure was due to people leaving the State, or more presumably to a recovery that wasn't Romney's doing. Yet people will hold the President accountable for job growth so let's apply the same standard, Romney did lower unemployment by roughly 1%. And the president by roughly 1.7% (9.9% to 8.2%). Also, Romney inherited 5.6%, just saying.
    Ah, the budget. The Budget Monitor is painful to make sense out of and the US Census uses different numbers - probably adding up local budgets - but let's try. Nobody denies the $2 bn stabilization fund - from $400 millions around 2003 - and I've read the deficit Romney inherited was $3 billions. From there, FY2003 if not mistaken, $1.1 bn in revenue growth (recovery) and $600 millions in fees, plus other kinds of revenues amounting to roughly $2 bn for around $900 millions in cuts - and he did cut that year, especially in education. Also, debt up from $16 bn to $18 bn on a regular trend that existed before him, within boundaries. I think FY2007 surplus was around $300 millions.
    I'm kind of surprised that the debt could grow when the budget showed revenues but to be fair I gave up understanding budgets...
    Quote Originally Posted by USCitizen View Post
    Vuld, I actually like your answer BECAUSE it's not Black & White.

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    Re: The distortions about Mitt Romney and his record.

    What I look at is spending growth. Revenues and the economy are harder for the government to control, but spending is something officials are 100% accountable for. And on that, Romney was second among the governors who were candidates. Only Tim Pawlenty had a better record on keeping spending growth low.

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    Quote Originally Posted by goober View Post
    Having problems with understanding English, again, eh muchacho?
    You seem perturbed.

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