During the first debate in Denver, Mitt Romney became very offended when the president suggested that—get this!—Mitt Romney might have missed out on a tax deduction he could have taken.
“…you said you get a deduction for taking a plant overseas. Look, I’ve been in business for 25 years,” the GOP nominee for president and longtime CEO of Bain Capital said. “I have no idea what you’re talking about. I maybe need to get a new accountant.”
Unless the plural of accountant is “accountant,” everything about this answer is BS.
Both his and Bain’s armies of accountants certainly know that American businesses are allowed to write off the expenses of moving overseas. As an investor in companies that were “pioneers in the practice of shipping work from the United States to overseas call centers and factories,” Romney had to know this.
“There is certainly a tax break for U.S. companies that move operations or people abroad,” said Gary McGill, director of the Fisher School of Accounting at the University of Florida.
But Mitt found a way to use his business experience against the president by accusing the president of not telling the truth. This is a perfect example of how he “won” the debate.
Romney used deception to excuse his life’s work of cheapening the value of American labor and avoiding taxes while casting the president as ignorant about business. In a visual medium where appearance is everything, Romney galloped half-truths and blatant falsehoods like this over and over in a confident yet cool manner. And though the media knew that he disregarded the facts, they said he’d won. And the polls agreed.
Now Romney must feel as if he can get away with anything. “I’ve got these fools thinking I don’t talk to my ‘accountant,'” he must be saying to himself. “What can’t I say?” Nothing, apparently.
This week, Mitt Romney said something that was absolutely amazing in its cruelty. When asked about what will happen to the up to 50 million Americans who will lose health insurance if he repeals Obamacare and cuts Medicaid as he said he would, Romney repeated something he said on 60 Minutes just a few weeks before:
“We don’t have a setting across this country where if you don’t have insurance, we just say to you, ‘Tough luck, you’re going to die when you have your heart attack. No, you go to the hospital, you get treated, you get care, and it’s paid for, either by charity, the government or by the hospital. We don’t have people that become ill, who die in their apartment because they don’t have insurance.”
Americans don’t die because they do not have health insurance?
LOL. A dark, painful LOL. As Paul Krugman would say, ”A sick joke.”Click here for reuse options!
Copyright 2012 The National Memo