By @LOLGOP

LOL Of The Week: Mitt Reminds Us He Would Have Bankrupted Every GM Dealer In America

August 6, 2012 1:03 am Category: Memo Pad, Politics 114 Comments A+ / A-
LOL Of The Week: Mitt Reminds Us He Would Have Bankrupted Every GM Dealer In America

Last week, we learned that nothing will ever improve President Obama’s image in the world more than Mitt Romney traveling abroad. Mitt insulted all of London, praised socialized medicine in Israel and brought along an aide who told reporters to “Kiss my ass!” at a holy site in Poland. The lesson was: When your schtick only appeals to people who hate the President of the United States, it’s hard to be diplomatic.

Mitt then returned home from that mess to face the biggest mess of his campaign: taxes.

No, not the controversy around his tax returns. Though you probably know that Harry Reid, who happens to be the highest-ranking Mormon in the U.S. government, publically accused Mitt of not paying any taxes for the last ten years. This accusation, the Senate Majority Leader claimed, was based on information from a very credible investor in Bain Capital. Now making accusations based on hearsay is a low down, dirty honey badger tactic, no doubt. (It’s a tactic so low down and dirty that it’s reminiscent of how Mitt demanded that Ted Kennedy release his tax returns in 1994 and that his opponent’s spouse release his returns in the 2002 Massachusetts gubernatorial primary — while refusing to release his own.)

Actually, Mitt’s real mess is his tax plan—which we now know would raise taxes on 95 percent of Americans. A new study by the Tax Policy Center pointed out that Mitt’s plan includes massive tax breaks for the richest Americans while leaving middle class families to pay up to $2,000 more a year.

Suddenly Mitt’s incredibly low 14 percent personal tax rate on an income of over $20 million a year became more than a talking point about fairness. It was an example of the kind of tax policy he believes in: Millionaires like him need more tax cuts and the middle class needs to pay for them.

And suddenly, Mitt needed to distract attention from his new status as a Republican nominee proposing to raise taxes on the middle class. What to do?

First, attack the group that produced the study — which is a group you once praised as “objective” and “non-partisan.” When that doesn’t work, change the subject.

What did Mitt decide to change the subject to? The auto industry. Romney released an ad Thursday that blamed the President for a GM dealership closing. What the ad didn’t mention is that if Mitt Romney had his way, there would be no GM dealerships in America any more.

LOL.

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LOL Of The Week: Mitt Reminds Us He Would Have Bankrupted Every GM Dealer In America Reviewed by on . Last week, we learned that nothing will ever improve President Obama’s image in the world more than Mitt Romney traveling abroad. Mitt insulted all of London, p Last week, we learned that nothing will ever improve President Obama’s image in the world more than Mitt Romney traveling abroad. Mitt insulted all of London, p Rating:

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  • old_blu

    I think Jenna Jameson says it best, and it should be his campaign solgan “If you’re rich you should vote Republican”.

    Off topic: Hey, did anyone else notice we found something they can all agree on? (vacation)

    • ExPAVIC

      WHAT?

      Or, if you make your fortune lying on your back (or on your knees in her case), you should vote Republican.

      Now that explains a lot, but I would still like to see Mitten’s tax returns, that is if he actually filed which could be another matter.

      Talking about screwing people, now Jenna can relate to that issue.

  • http://www.facebook.com/dominick.vila.1 Dominick Vila

    Mitt changes position on the auto bailout the way a sailboat captain would. One day he asserts we should have let GM and Chrysler file for bankruptcy, the next he suggests the bailout was actually his idea, and when he delivers a speech in the next town he is again the champion of bankruptcy. Talking about a multi-faceted guy!

    • CPANY

      Mittens’ mantra is “Tell me what you want to hear and I’ll say it.”

  • ExPAVIC

    HERE IS ANOTHER ONE

    Mittens keeps bringing up the statement how “he bailed out the 2002 Winter Olympics.” If you will recall, the Salt Lake City Olympic Committee was the same group cited for bribing the IOC to choose that city as the site of the winter games.

    Look a little more, like in the Provo, Utah, Daily Herald newspaper files and you will find a couple of stories how the Salt Lake City Mormons skimmed a little too much money out of the till which put the construction of several major games locations in doubt.

    So in effect, Mittens didn’t really “bail out the games,” he bailed out his Mormon buddies who tapped the till a bit too hard.

    • old_blu

      PAVIC, you are right, if you listen to Mitt The Twit you will wonder why he dosen’t have a big “S” on his chest, the way he saved the world many times over, and that BTW is sarcasm, if I remember right he even took credit for the bail-out when they found out it worked.

    • http://www.facebook.com/fern.woodfork Fern Woodfork

      Romney Is A Legend In His Own Mind!!!

    • karinursula

      and he also got money from the government for the olympics

    • jarheadgene

      Don’t forgeet he PROMISED complete transparency ……..then SHREDDED all the evidence that could have sent them ALL to jail. What a guy that WILLARD….. Tricky Dick erased 18 minutes of crucial tape….that is what we can expect from Romney…Trick Mitt.

    • http://www.facebook.com/louis.sandoval3 Louis Sandoval

      Would just love to hear Dee Dee Cordini’s take on how Mittens saved the Olympics, she was Mayor of Salt Lake City at the time.

      • ExPAVIC

        Somebody knows something, but they aren’t talking. There has got to be some currently hidden reason why McCain dumped Mitt for Sarah Palin, despite cries from his own party.

        Even recently, Cheney openly expressed the fact that Palin “was a mistake,” but what was the reason they picked her? It has to be a whiz banger of a reason. Is it possible that he didn’t pay taxes for a few years as Harry Reid just claimed?

        For a kick go to townhalldaily and read what they have to say. I go on to make snide remarks just to tick them off. They are a collection of whack jobs.

    • adler56

      So do the Mormons have a kind of gypsy code- don’t lie and steal from other Mormons?
      So any Mormon could have stopped the skimming- it wasn’t any special talent williard had.

      • ExPAVIC

        CLOSE KNIT GROUP

        My neighbor and former Utah resident enlightened me as to how the Mormons operate. They control everything financial in that state. If you are not one of them or friends of them (only a scant few non-Mormons fall into this bracket at their choosing) they will not do business with you. Plus if one falls into difficulty, the others quickly run in to address the issue.

        That is why when the skimming of 2002 Olympics Funds occurred, Mittens was there to help bail the out with Federal funds and prevented any legal action resulting from the skimming that took place.

        Remember that Salt Lake City got the Games as the result of under the table dealings (bribery) with the IOC that got national publicity.

        This is the gang that RoMoney plays with.

  • chisolm

    It may be a bit early for anybody to celebrate saving the auto industry. Building automobiles to standards set by government but with little if any appeal to consumers will fail in the long term. Giving billions of taxpayer money to the private sector and then celebrating the financial health of those companies makes no sense.

    • CPANY

      Some years ago, a guy wrote a book titled “The American Challenge.” it asserted that worldwide American economic dominance was due to our superior management tecniques, education, etc. As subsequent events have shown, it was baloney.

      At around the same time, a guy named Vance Packard wrote a book titled, “The Waste Makers.” In it he demonstrated that our “superior” corporate executives had devised a surefire way to increase profits: make products that will fall apart in a specified amount of time. Example: Cars will last 50,000 miles or five years before the maintenance becomes onerous, thus forcing people to buy new cars.

      To what did all this lead? The foreign manufacturers took our markets away by producing quality products. To exacerbate the problem, the “superior” American auto industry executives reacted not by increasing their products’ quality, but by shifting manufacturing overseas. By doing that, they screwed America twice: they put out junk and they deprived Americans of jobs.

      Mittens Romney is part of this “heritage.” He’s an economic traitor, a pure scumbag.

      • chisolm

        Government got involved in the auto industry years ago by mandating what type of automobiles the industry had to build, CAFE standards. Basically, the industry was forced to build cars nobody wanted to purchase. Without exception, when government regulates prices go up, and many times, prices go up to the point where the product fails. Unfortunately, foreign manufacturers have an advantage in the market place created by government intervention.

      • http://pulse.yahoo.com/_7BGZVOI5JGSG7OENNT6NIRQ3EM jimbo

        I have never had a bad Ford in my life . I have been driveing Fords ever sense I have been old enough to drive and have never gotten less than a 150,000 miles out of one . I only traded it off then because I wanted a new one . I would not drive a foreign nane plate if they gave it tgo me . I will not help any company put my American name plate out of business just because I was brain wash ed into thinking it was a better auto. Why should I when I get just as good or better as you with my American as you do with your foreign .I am 70 years old and been driveing for 55 years

        • old_blu

          jimbo, You do know that Chevy’s, Dodge, and your beloved Ford are all built in Mexico and Canada right?

        • CPANY

          Jimbo:

          You must be one of a very small minority that bought a reliable American car. You probably also bought American elerctronic products and didn’t notice that you had to call for service shortly after starting to use them. Did you do the copout by buying the insurance? That was the only way that you could be sure the repairman wouldn’t want to take the product back to the shop for repairs.

          Inferior products and repair scams from the very people that sold us the products doomed American industry. I haven’t bought an American car since owning a 1973 Chrysler Newport. It was a piece of crap.

          I’ve also not bought a television made in America for forty years. The Japanese manufacturers gave me worry-free products, but the American televisions were constantly breaking down, until I got wise to myself and paid the blackmail in the form of a service contract.

          American industry screwed the American consumer and paid the price. Unfortunately, we have dirtbags like Romney who make the problem worse by exporting jobs.

          We also have suckers like you who think that recognizing facts and refusing to buy inferior products constitutes being brainwashed.

          • wallyn67

            YOU SHOULD MOVE TO THE COUNTRY YOU THINK IS BETTER THAN AMERICA! THAT WAY YOU CAN SPEND ALL YOUR MONEY THERE! AND BUY ALL THEIR PRODUCTS1

          • CPANY

            It’s idiots like you who spout pseudo patriotic crap that encourages the makers of substandard products to continue their abuse of the American consumer.

            We live in a competitive world, jerk. The only way to get a strong economy is to produce products that are better bargains than the competition can produce.

            You sound like the displaced autoworkers who blame everything on “unpatriotic” Americans who buy foreign products, never stopping to question why the Americans are not buying the American product. I once had a neighbor who had a plate on his front bumper that read “Made in America.” Actually, his car was made in Japan and assembled in America. Ignorance is universal.

            Wake up, Wally. The world isn’t going to buy junk just because it’s made in America.

          • http://pulse.yahoo.com/_7BGZVOI5JGSG7OENNT6NIRQ3EM jimbo

            you are wrong I still buy American and still get good service out of my American made . I buy American made if I can find it and I find it as good or better than the foreign everytime . Those cheap stuffs from China are not worth a dam . I will not sell my country down the road for a dollar . You can if ypou want to I don’t care what you do that’s your business . But I am a true American and I buy American when I can find it and I have never regreted it .

          • CPANY

            Jimbo:

            You just keep on buying inferior products just because they’re made here, Jimbo. I’ll buy the products that give me value for my money.

            Just don’t complain when what you buy dies before its time.

    • http://pulse.yahoo.com/_BLQ7ZDKND2DBJWMCD4BSI4GPVM JPS

      You’re a real nay sayer. Negative about everything. There is no reason to think these car companies will fail. GM in once gain the number one car company in the world, and had a record $6.7 billion profit in 2011. Chrysler had its best profit in 13 years, net profit is up 300% in the 1st quarter of 2012.
      If Obama were to walk on water you would shout “OBAMA CAN’T SWIM!”

  • http://profile.yahoo.com/FYTONOVLMJYACGEI4UI2WD5HCY Roger

    How do you figure that? GM would have still produced autos in bankrupcy, and the dealers that weren’t shut down already would have done just the same. GM white collar workers, employees of GM vendors, and unemployed union members may not be happy that the Union, Inc. came out whole, while they took a hit along with their pension funds. There are a lot of those people in Michigan and Ohio.

    • http://pulse.yahoo.com/_7BGZVOI5JGSG7OENNT6NIRQ3EM jimbo

      You idiot did you not see what Romney wanted to happen he wanted his Bain to finance GM or break them up and sale them off into little pieces to others then you would not have Chevrolet anymore or maybe FORD would own it or toyota ,or anybody.rOMNEY INTENDED TO DO JUST THAT TOTALLY DESTROY GM AND CHRYSLER BOTH .

    • http://pulse.yahoo.com/_7BGZVOI5JGSG7OENNT6NIRQ3EM jimbo

      ROGER : WHY ARE YOU SO WORRIED ABOUT 20 BILLION WHEN WE GOT WALL STREET THAT OWES US 128 BILLION THAT WE WILL NOT GET BACK . ARE YOU MORE CONCERNED ABOUT 20 BILLION THAN 128 BILLION OR IS IT JUST BECAUSE THE 128 BILLION WAS A LOAN BY A REPUBLICAN AND THE 20 BILLION IS BY A DEMOCRAT ? WHY THE DOUBLE STANDARD ?

      • http://www.facebook.com/maggie.croft.92 Maggie Croft

        Please don’t shout. Yes, the bank bailout occured during a Republican Administration, but both Democrats and Republicans voted for it. Supposedly, it was supposed to release money to businesses so they could hire. It didn’t. The banks went right on with their shady practices.

        Most of them became speculators and speculators do not add anything positive to the economy.

    • http://pulse.yahoo.com/_BLQ7ZDKND2DBJWMCD4BSI4GPVM JPS

      Saving the GM & Chrysler brought the unemployment rate in Michigan alone down from 14.5% to 8.5%. Probably the same or similar in Ohio.
      Romney was wrong about the auto industry. It;s interesting to note that although his father was CEO of American Motors, from which Mitt enjoyed all the advantages of life, raised in Michigan, Mitt Romney abandoned the auto industry in it’s time of need. Romney said “Let Detroit Go Bankrupt. He was dead wrong! GM is now the number one car manufacturer in the world and Chrysler has record breaking profits in the third quarter of 2011. Now he wants to take credit for it.

  • totenkatz

    GM still owes the American tax payers a whole lot of money and we will never see it. It’s easy to bail out someone when it ain’t your money. At least in Bankruptcy the share holders might have recovered some of their loses, the non-union workers might have gotten a better deal, the union wouldn’t have gotten such a sweet deal and last and most important the American tax payer wouldn’t be out about 28 billion dollars. Oh and I have relatives that live and work in Michigan and though they admit the bailout was good for GM and did save the company and the union, they also admit it was bad for the American tax payer.

    • http://www.facebook.com/maggie.croft.92 Maggie Croft

      You forgot to mention GM has paid back 163 million dollars and is still paying. Now check and see what Citibank and AIG did with their government bailout.

      The 30,000 jobs adds up to 30,000 people paying taxes to pay down the National Deficit and 30,000 people who can afford to buy things.

      Jobs mean taxpayers and consumers. Consumers are what Montana Bill needs so he can get out of his gloomy. bleak life.

      • totenkatz

        Wow and if we had given each of those 30,000 two million dollars it would have cost the tax payers a lot less money and each working would have taken it without question.

  • http://profile.yahoo.com/IV5DDRU2M2BZOYCWFEONCQVN4Q Vasant Desai

    Why the Republicans put up with a guy like Romney, I fail to understand. Don’t they have any other person who can atlest show that he is like any other middle class guy paying taxes, filing tax returns in time, keeping the money, if he has saved , in the country’s banks and not overseas, respects other country’s feelings and does not spend $ 77000 on horses.

    • sigrid28

      They DID have a more suitable presidential candidate in the primaries, who dropped out, I think, mainly because he could not tolerate the vicious free-for-all that it turned into. Like Governor Romney, he is a wealthy, Mormon businessman, yet he is too decent to say things he would otherwise disavow just to get elected. In the eyes of many Republicans, he had committed the sin of serving as U.S. Ambassador to China under President Obama, yet he had also served three other presidents with distinction. The list of his accomplishments in these posts and his record as governor of Utah are enough to make you weep, now that the country is stuck with a presumptive Republican candidate running mainly because he will say and do anything to get elected in order to add the Presidency of the United States to his accumulation of goods, as if it were just another acquisition. The Republicans did have a better alternative than Romney to offer voters in November, but they drove him out of the running. His name is Governor John Huntsman, Jr..

      • jebediah123

        You are right, Sigrid28—-Although I wouldn’t dream of voting for a Republican, I was very impressed with John Huntsman. He appeared to be a very honest person who I am sure would work with the Democrats for a better America. Too bad the Tea Party is in control.

        • sigrid28

          We are on the same page: voting for Obama, yet yearning for a worthy opponent.

          • http://pulse.yahoo.com/_7BGZVOI5JGSG7OENNT6NIRQ3EM jimbo

            Thyere is nothing decent about Romney . He is doing everything he can to get out of paying his taxes and that is wrong in its self no matter what the law says . The Bible says you don’t have to obey a law that is againest God’s law . The Bible says render unto seasar the things that are Ceasar’s And unto God the things that are God’s. You don’t try to get out of paying your taxes or get out of giving to the Church or the poor anytime you try you are morally wrong .I am afraid of Romney because he is to rich and thinks we owe him something . The rich do not care about this country all they care about is their riches . We know what God said about the rich man . He said that it was easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of heaven, in other words it is impossible. The rich man will worship his money not God .

          • CPANY

            I detest Romney because he’s an elitist prick, but you cannot make a case for equating tax law and God’s law.

            By the way,what is your source for the camel parable? I don’t recall God saying anything about camels and needles’ eyes.

          • http://pulse.yahoo.com/_BLQ7ZDKND2DBJWMCD4BSI4GPVM JPS

            Matthew 19:24 King James Bible (Cambridge Ed.) or Mark 10:25 or Luke 18:25)

          • CPANY

            Who is supposed to have said it, God or Christ?

        • DurdyDawg

          Quit day dreaming you guys.. Had Huntsman actually ran and become president, the GOP would have depicted him as another Jimmy Carter.. Look what they did to Gerald Ford and he was as good a Republican as they had at that time. The GOP doesn’t acknowledge morality unless it fits into THEIR criteria.

      • majong13

        I agree, too. Huntsman seemed like a very fair and nice person. He would have been a better candidate. The Republicans have really shot themselves in the foot. Yea for Obama!

        • http://pulse.yahoo.com/_7BGZVOI5JGSG7OENNT6NIRQ3EM jimbo

          Huntsman was not qualityfied.

          • CPANY

            Why isn’t Huntsmann qualified to be president?

          • http://profile.yahoo.com/XWNK5E33OIFUMQVAGQQA7GDM2M Bigspender

            What? And Romney is?

          • http://www.facebook.com/maggie.croft.92 Maggie Croft

            Huntsman is a brilliant and civil person. Of course, there is a certain element that does not recognize that.

      • http://www.facebook.com/dominick.vila.1 Dominick Vila

        Huntsman was by far the best of all the GOP candidates running, unfortunately for him, he is too bland for Tea Party conservatives who prefer to likes of Romney, Rubio, Cruz, or the current Governor of Florida, the founder and former CEO of Columbia HCA, the outfit found guilty of fraud and awarded the highest fine in the history of the USA. Look at who the GOP donors are: the Koch brothers who admitted doing business with the Iranian Ayatollahs, a casino owner from Vegas, etc. The party of Lincoln is now the party of Palin, and the Palinistas are getting desperate. I am convinced they don’t like Romney any more than anyone else, but it is too late to change horses so they have no choice but to support him.

        • http://pulse.yahoo.com/_BLQ7ZDKND2DBJWMCD4BSI4GPVM JPS

          “All we have to do is replace Obama. … We are not auditioning for a fearless leader. We don’t need a president to tell us in what direction to go. We know what direction to go. We want the Ryan budget. … We just need a president to sign this stuff. We don’t need someone to think it up or design it. The leadership now for the modern conservative movement for the next 20 years will be coming out of the House and the Senate.” — Grover Norquist, Feb. 13, 2012

          Note, Grover knows that they do not need, nor even want, a leader in the white house, just a rubber stamp. The very weakness of Mitt, (IS) the selling point, just a W’s low IQ was the selling point back in 2000, after all, they want the real leadership to go on behind the scenes, away from any voters.

          Vote with your mind as well as your conscience.

      • http://pulse.yahoo.com/_ORMD5SX2NV7N7TXQJIOXQEU5RQ Dianrib

        John Huntsman was too smart for the bagger led GOP Not that I agreed with him much of the time but he is brilliant – well spoken – very knowledgeable on China . McCain Now Mitt
        T Bagger & Fox run GOP is completely out of touch with middle class Americans They are phony, liars, greedy and way too extreme.
        Ban birth control ? Gut SS & medicare , education , disabled so
        powerful corps can get more huge perks tax cuts loopholes and less regulation ? NO WAY

      • GrandpaTarkin

        The thing with Huntsman is that he appealed to centrist and undecided voters, but the social conservatives, the billionaires, and the teacakes wanted an aggressive and radical crusader. To them Huntsman was basically a leftist-commie-pinko-treehugger.
        Maybe next election cycle he’ll have better luck, but I doubt it – the rich funders and the superPACs will still want a crusader.

      • http://www.facebook.com/people/Philip-Damra/1601148243 Philip Damra

        Don’t forget about Gary Johnson and Buddy Roemer.

    • TheSkalawag929

      It’s his turn. That’s how republicans work.

      • adler56

        That’s the reason Dole got the nomination years ago- it was his turn- that turned out well for them didn’t it?

    • BDD1951

      Because money talks!!!

    • CPANY

      Regarding the $77,000 that the Romneys spent on dressage horses: Their lousy dancing horse lost. I’m glad.

    • sweden68

      Romney has not done anything illegal.
      BTW, check how many thousand Michelle spent on the dress, I bet it’s also taxpayers money!

    • DurdyDawg

      Wait a minute! I hope you’re not insinuating that Mittens is ” like any other middle class guy “..? This is a blatant corporate lie!! I must protest.. By the way, does anybody have some Grey Poupon??

  • http://profile.yahoo.com/IV5DDRU2M2BZOYCWFEONCQVN4Q Vasant Desai

    Michael bachmann, karl Rowe, and others – what a gloomy , bleak picture they present for the Republicans. They need to confine themselves in their constituencies for a decade or two , to rcuperate and recover . We Ammericans should make it sure that they do.

    • montanabill

      You are absolutely right, we Ammericans need to confine the Republicans so that the rest of us can continue to enjoy our gloomy, bleak today and future for at least a decade or two. Things are so good now, I can hardly stand it! Forward, fellow lemmings!

  • http://www.facebook.com/fern.woodfork Fern Woodfork

    Romney Is A LIAR!! Next He Will Be Claiming He Discoverer Water!!

  • howa4x

    Romney was the pick of the litter, so you have to look at the alternatives in the primary. compared to them he appears reasonable. Of course he wants to preserve the 1% since he is one of them and all his friends are too. He has more skeletons in his closet than suits. 1st one is: why are you running away from your own record? Talk about people who re invent themselves, it’s like he went into a phone booth a moderate and came out a severe conservsative. 2nd one is: why are you trying to re create Bush 2 when it didn’t work before? 3rd one is: why did you set up a corporation in Bermuda instead of NYC, followed by why have off shore bank accounts? There are far too many questions and I’m sure you all can think up many more.

    The only reason he is close is that the republican party has become the lap dogs of the super wealthy and the epicenter of hatred in this country and a black president roils their blood

  • Terry Warns

    Yes, Mitt is now past the point of taking credit for an auto rescue he opposed. He is now saying that he would have saved more dealerships.

    Let’s be clear, all Mitt did for the bailout of the auto industry was to write one op-ed. He was in no discussions, made no decisions, and invested in no money.

    Based on that criteria, I should be credited with sending men to the moon in 1969.

  • 12voltman1

    Thanks for nothing Mittens.

  • http://profile.yahoo.com/2ULQTJ4DCKRVCJHHR27O2TJVOY K3Citizen

    Obama looks better every time Romney opens his mouth.

    • http://www.facebook.com/maggie.croft.92 Maggie Croft

      Hey, give Mitt some credit. At least, he did not go to Poland and ask them how many poles does it take to change a light globe.

      • http://pulse.yahoo.com/_BLQ7ZDKND2DBJWMCD4BSI4GPVM JPS

        I was afraid he would go to Israel and bring a honeybaked ham as a gift.

    • darkagesbegin

      Can I use that as a bumper sticker?

  • http://profile.yahoo.com/RGOUPZ3JYNMPBVOHLZRCRVRD6Q ivory69690

    theres only one reason why the ANTI-CHRIST romney wanted them to go bankrupted . and that is he wanted to call in his bain,s buddys and let them turn the bodys into picked cleaned bones. asnd he prob. wanted a finders fee. but truefuly i belive the A-C romney still has a hand in bains today and a big hand with all the anti-christs evil devil worshipers

    • http://pulse.yahoo.com/_BLQ7ZDKND2DBJWMCD4BSI4GPVM JPS

      REVEALED: Romney’s Top Funders Made Billions on Auto Bail-Out
      Thursday, 23 February 2012
      “…the biggest rewards– a windfall of more than two billion dollars care of US taxpayers–– went to Romney’s two top contributors. John Paulson of Paulson & Co and Paul Singer of Elliott International, known on Wall Street as ‘vulture’ investors, have each written checks for one million dollars to Restore Our Future, the Super PAC supporting Romney’s candidacy.”
      “The two hedge fund operators turned a breathtaking three-thousand percent profit on a relatively negligible investment by using hardball tactics against the U.S. Treasury and their own employees”.
      “The Obama Administration and GM had arranged for a private equity investor to provide half a billion dollars in new capital for Delphi, but that would have cut the pay-out to Singer and Paulson. The speculators blocked the Obama-GM plan, taking the entire government bail-out hostage…If those plants had been closed, GM factories would have shut down cold for lack of parts…Under the control of the speculators, Delphi, which had 45 plants in the U.S. and Canada, is now reduced to just four factories with only 1,500 hourly workers, none of them UAW members, despite the union agreeing to cut contract wages by two thirds…Then there was the big one: The U.S. government agreed to take over $6.2 billion in pension benefits due Delphi workers under U.S. labor law. ”
      “Governor Romney, while opposing the bail-out of GM, accused Obama of eliminating the pensions of 21,000 non-union employees at Delphi. In fact, it was Romney’s funders who wiped out 100% of the pensions and health care accounts of Delphi salaried retirees­­”.
      This article is a NationofChange original and is available for republishing under the Creative Commons Attribution-Noncommercial 3.0 United States License.

  • http://www.facebook.com/elisabeth.gordon1 Elisabeth Gordon

    The GOP hates Obama more than they love America…..period!

  • CPANY

    Chisolm:

    I know that the government regulates emission standards. Do CAFE standards refer to emissions? How do the government mandates to which you refer relate to the poor quality of American cars?

  • http://profile.yahoo.com/D7B3UYVAFBJAADWJGY3GOEOEPI joseph

    It’s just like the republicans to flip=flop . Now romney is the savior of the auto industry because he suggested the managed bankruptcy. He’s a page out of the book of cheney. Last week cheney stated that he and the bush administration actually get the credit for taking our Bin Laden. I guess they don’t remember bush’s statement that I don’t even think about him anymore and could carre less as to where he is. Go repubs. You’ll probably take credit for getting out of Iraq too. LOL

  • http://twitter.com/K3HY K3HY

    It depends on which Mitt Romney they are talking about.

    Romney agrees with Everything and Nothing.

    ————————-

    Abortion:

    “abortion should be safe and legal”
    “I will preserve and protect a woman’s right to choose”

    FLIP-FLOP

    ”I am pro-life”

    ————————

    Health care law with personal mandates:

    “If Massachusetts succeeds in implementing it, then that will be a model for the nation. I Like mandates”

    FLIP-FLOP

    “I will repeal Obamacare.”

    ————————

    Minimum wage:

    “I think the minimum wage ought to keep pace with inflation.”

    FLIP-FLOP

    “There’s no question raising the minimum wage excessively causes a loss of jobs.”

    ————————-

    Campaign finance limits:

    “I would like to have campaign spending limits.”

    FLIP=FLOP

    “The American people should be free to advocate for their candidates and their positions without burdensome limitations.”

    ———————-

    Auto industry bailout:

    “I’m going to take burdens off the back of the auto industry.”

    FLIP-FLOP

    ”Let Detroit go bankrupt. Detroit needs a turnaround, not a check.”

    ——————-

    The bank bailout:

    “The TARP program… was nevertheless necessary to keep banks from collapsing in a cascade of failures.”

    FLIP-FLOP

    “When government is… bailing out banks… we have every good reason to be alarmed.”

    ——————

    Gingrich on Romney: Why nominate the ‘guy who lost to the guy who lost to Obama?’

    • Landsende

      Very succinctly put. Really shines a light on Mitt’s flip flopping. If you don’t like what his position is, just wait five mutes and he’ll change it! To bad the teapublicans didn’t pick John Huntsman. He really made sense in the debates and would have made a good president.

  • karinursula

    I’m not being dramatic, I never felt like this in any other election. But the idea that Romney could be President really scares me. I realize that America is not in the best place today, but Romney is not the answer. Not only because he flip-flops a lot, but also what he owes to his billionaire donors.

  • http://www.facebook.com/people/Joan-Maurer/100000910841619 Joan Maurer

    From 2008 to the present the GOP’s number one goal was to limit President Obama to one term. How they went about this is a study in decay. First the Republican controlled Congress concentrated on fillibustering appointments (including judicial appointments with bipartisan support). They passed legislation that was going nowhere (33 votes on the Affordable Care Act). They accepted their Party Of No Compromise badge with honor instead of shame. They encouraged new voter laws that would disenfranchise millions( all this to “fix” a problem they could not prove every happened – a foreign national voting in person).

    To add insult to injury- they float a primary filled with deeeply flawed candidates. Their blue ribbon pick, the culmination of 3 years of planning – Mitt Romney!

    I ask everyone to vote and help your neighbor vote too. Before you vote- do your research. Do not pay too much attention to what a candidate says – check out what they have done. Voting records are available on the internet. Bills sponsored or co-sponsored are a matter of record. Everything you want to know about a candidates priorities is available with a little bit of effort.

    • http://pulse.yahoo.com/_BLQ7ZDKND2DBJWMCD4BSI4GPVM JPS

      And what have the Republicans accomplished. This GOP-led 112th House of Representatives in Congress has already been rated as the “least productive since Herbert Hoover days”. It’s the Republican’ts who conspired to undermine the Obama presidency from it’s first day. The plot to obstruct, to filibuster, to block and oppose his actions at every turn was hatched on inauguration night Jan 20, 2009 at a private dinner organized by Frank Luntz. The Republicans basically went on strike the night Obama was inaugurated. The Republicans had agreed on a way forward: Show united and unyielding opposition to the president’s economic policies. Newt Gingrich was quoted as saying “This begins the seeds of 2012, we are going to block him… the one commitment is to stop the re-election of this president”. A year later this was confirmed by Mitch McConnell who said ‘The single most important thing we want to achieve is for President Obama to be a one-term president.”
      Since then, the obstructionist Republican’t-controlled house have filibustered everything.
      It’s The Republican’ts who invoked the 60 vote majority rule in the Senate more times during this session than any Congress in history.
      It’s the Republican’ts who have blocked more than 60 Obama appointees forcing many agencies to operate without proper leadership.
      It’s the Republican’ts who have time and time again walked out of negotiations.
      It’s the Republican’ts who have repeatedly moved the goalpost.
      It’s the Republican’ts who held the economy hostage in a manufactured debt ceiling crisis that caused the nation’s credit rating to be lowered for the first time in history. S&P clearly named the Republicans as the blame.
      It’s the Republican’ts who voted down their own deficit reduction resolution, apparently because they didn’t want the president to share credit.
      It’s the Republican’ts who all eagerly signed a lifetime pledge to one man, Grover Norquist, to never raise any taxes at any time, under any circumstances, conflicting with their oath of office to defend the Constitution.
      It’s the Republican’ts who falsely campaigned on a platform of “Jobs, Jobs, Jobs” in 2010. Once in office, all their talk about jobs evaporated. For they are only concerned with abortion issues, tax cuts for the rich, and grabbing back the whitehouse.
      It’s the Republican’ts who unaminously voted against the economic stimulus, yet they fell all over themselves to make it to ribbon cuttings, taking credit when projects funded by the stimulus start turning over dirt.
      It’s the Republican’t Governors who are firing teachers, firemen and police officers, attacking public workers thru union busting for what they claim the need to balance their budgets.
      It’s the Senate Republican’ts who blocked the “Bring Jobs Home Act”, protecting companies that outsource jobs!
      It’s the Republican’ts that blocked 3 million jobs that would have been created with the “American Jobs Act” in August, 2011 and the filibustering of the “Small Business Tax Credit” that would have created one million jobs.
      It’s the Republican’ts who secretly conspired with 300 corporations behind closed doors of American Legislative Exchange Council (A.L.E.C.) to write legislation advantageous to the corporate oligarchy at the expense of the American people.
      It was the Republican’ts that blocked the Dream Act, then complained Obama does zip for Immigration problem.
      It’s the Republican’ts who were for the individual mandate before they were against it. The individual mandate was originally a Republican’t plan. In 1993, when Hillary Clinton was proposing health care reform and a employer mandate, Republican’s advocated an alternative that included the individual mandate. Republican’ts called the individual mandate a “market-based” approach to health care reform.
      It’s the Republican’ts who conspired with the two billionare political operatives David and Charles Koch, to deny you your right to vote through voter suppression laws. The Kochs have funded efforts to thwart 21 million Americans from voting and Koch dollars helped write and propose voting suppression bills in 38 states that will put ballot boxes out of reach or millions of Americans eligible to vote, many of whom are African Americans. Hispanics, low-income poor, physically disabled, students and seniors.
      ‘Just say no’ is the Republican’t slogan. ‘No Compromise’ is the Republican’t mantra. ‘Defeat Obama’ is the Republican’t agenda.
      Republican’t John Boehner said “This is not a time for compromise, and I can tell you that we will not compromise on our principles”.
      Republican’t John Boehner “I reject the word compromise”.
      Republican’t Richard Mourdock, said: “I have a mindset that says bipartisanship ought to consist of Democrats coming to the Republican point of view.”
      Republican’t Mike Pence (R-Ind.), “There will be no compromise”.

  • http://www.facebook.com/leroy.crume.7 Leroy Crume

    I just can’t understand why these billionaires keep financing this bumbling idiot. They were smart enough to make billions, well all those that didn’t inherit it, and so dumb as to throw good money after a lost cause such as Mitt Romney, a person they tried so hard to defeat in the primarys.
    because they said he was so inept, he couldn’t even tie his own shoe laces.
    Go figure !!!

    • CPANY

      The money boys back Romney for the same reason that German industrialists backed Hitler in 1933: they think that they can control him.

      The german industrialists were wrong, but the American fat cats may be right.

      • http://pulse.yahoo.com/_BLQ7ZDKND2DBJWMCD4BSI4GPVM JPS

        “they think that they can control him.” Grover Norquist certainly seem to think so.
        “All we have to do is replace Obama. … We are not auditioning for a fearless leader. We don’t need a president to tell us in what direction to go. We know what direction to go. We want the Ryan budget. … We just need a president to sign this stuff. We don’t need someone to think it up or design it. The leadership now for the modern conservative movement for the next 20 years will be coming out of the House and the Senate.” — Grover Norquist, Feb. 13, 2012

        Note, Grover knows that they do not need, nor even want, a leader in the white house, just a rubber stamp. The very weakness of Mitt, (IS) the selling point, just a W’s low IQ was the selling point back in 2000, after all, they want the real leadership to go on behind the scenes, away from any voters.

        • CPANY

          Good comment JPS.

          If Romney had any personal pride, he would have challenged Norquist for his demeaning comment, but he didn’t. That shows what a pathetic tool he really is.

    • http://pulse.yahoo.com/_BLQ7ZDKND2DBJWMCD4BSI4GPVM JPS

      Why do these billionaires keep financing Romney’s campaign? Because Mitt Romney wants to continue the same Bush policies that got us into this mess. That’s because all in all, it’s been a great decade for his wealthy 1% friends. A CBO report found that income for the wealthiest 1% of Americans had exploded since 1979, by a whopping 275%. In the last year 93% of income went to the top 1%. The Fortune 500 — the biggest companies in America — boosted their earnings a whopping 335% in the last year. CEO pay has skyrocketed 300% since 1990. CEO pay is now 380X the average worker’s, up from 46X in 1980. pay for CEOs has reached an all-time high, just short of $10 million a year. That’s roughly $5,000 an hour. According to a report by Senator Coburn (Republican) of Oklahoma, 1,500 MILLIONAIRES paid no taxes in 2009. 30 Fortune 500 companies paid no taxes in the three years 2008-2011. This welfare for the well-off – costing billions of dollars a year – is being paid for with the taxes of the less… fortunate, many who are working two jobs just to make ends meet, and IOUs to be paid off by future generations. S&P 500 companies last year had more than $2 trillion amassed in cash. That’s enough money to create a living-wage job, for a year, for every single American who is unemployed, underemployed or has stopped looking for work.
      He wants to eliminate the capital gains tax so he never has to pay taxes again! Romney wants to get rid of the estate tax. While the middle class disappears and poverty increases the wealthiest people in our country are not only doing extremely well, they are using their wealth and political power to protect and expand their very privileged status at the expense of everyone else. And that is why billionaires keep financing Romney’s campaign!

  • widollar

    Mitt Romney is just not the right person for the oval office. Far too much baggage and his inability to stick to the same position for more than what the people at the next whistle stop want to hear.

  • http://profile.yahoo.com/C6KFEMOP2CIO3BMVIVQKXMSXEM RES

    I have seen it over and over. Men paying over $45,000.00 a year or more on an income $225,000.00. Romney paying zerro on some of his income of $20 million and 14% on the rest. Makes us understand why he doesn’t want the American people to see his Tax records.

  • eazy

    The thing is with Romney verses Obama in issues concerning business.. Romnay has actually started them and turned profits.. The only thing Obama has run is his mouth..

    • RUKIDENME

      Romney has not started any businesses. His successes has been due to vulture capitalism.

    • highpckts

      Romney doesn’t actually start businesses!! Seriously!! He makes a profit off other peoples failure!

    • http://pulse.yahoo.com/_BLQ7ZDKND2DBJWMCD4BSI4GPVM JPS

      Romney didn’t start any company, not even his own business Bain Capital. Ed Bain set him up and raised the finance capital. Romney didn’t invest one dime of his own money, he took no risks. Critics of leveraged buyouts call it the “buy, strip and flip” business model—buying mature companies with a small equity investment and leveraging up the company with debt. Also referred to as corporate raiders, they then extract value in the form of a cash dividend or restructure the company for resale. The higher debt load that results from a leveraged buyout (rebranded themselves as “private equity” firms) often places the acquired company at increased risk of bankruptcy. We already know Romney got rich bankrupting 8 companies in 9 years: Jobs lost: min 11,000. Total take for Bain : $779 million. $20,000. That’s how much money Romney is estimated to have made from each worker laid off during Bain’s many corporate takeovers. Nice work if you can get it (or take it away from someone else). Romney created nothing except money for himself and his partners.

  • http://pulse.yahoo.com/_W5CBZAUVKH5OBMPRV3S33UTOII absolute truth

    Only the mega-rich would vote for GOP. I’m a millonaire a few times over and would never vote for the fascist GOP.

  • grammyjill

    If you watch Romney when he is asked a question, especially about his taxes, he blinks ALOT.
    Thay is a tell, that the person is lying. When he was asked about his tax rate while he was screwing up in london, I swear he could almost have flown away his eyelids were going so fast.

  • eazy

    When you lend a company more then it’s actually worth you have a problem.. iberals keep asking for Romneys taxecords although he released two years which is all that is required of him..Plus he was completely vetted back during the last Presidential election concerning these issues.. The thing is was Obama? He has YET to release anything requested of him.. I say Romney should release NOTHING until Obama does..

    • highpckts

      Well how did he become President without the GOP raising a huge stink??

    • http://pulse.yahoo.com/_BLQ7ZDKND2DBJWMCD4BSI4GPVM JPS

      “Plus he was completely vetted back during the last Presidential election concerning these issues.. ”

      He was vetted for the VP role by John McCain. McCain was provided 10+ years of tax returns. And then McCain chose an unheard of nobody from Alaska with no real experience named Palin over Romney.I would ask, why was that?

  • Jilla Lamar

    Can anyone explain to me why, really why, the republicans and tea partiers literally loathe Obama… Why people like the Koch bros want to destroy him. It’s not just a mere competition here, he being a democrat etc etc… it seems to me, the hatred goes soo sooooo much deeper and is far more profound than just mere campaign competition.

    I don’t understand the extreme hatred. I don’t understand the spreading of lies and fear mongering conspiracy theories. I don’t understand why the republicans vowed to make Obama a one term president and then literally sabotaged his presidency to make that happen at the expense of the American people. I don’t understand why the republicans twist and pervert everything he says and does to make Obama appear to be failing in everything he does from his campaign promises to any success he achieves.

    I don’t remember this sort of thing happening to other presidents like it is with Obama. I’ve researched and read and read and read, but still can’t figure it out, this depth of hate.

    Can anyone explain this to me? Thank you.

    • highpckts

      He’s BLACK!!!

    • darkagesbegin

      They don’t care about Obama, they want to destroy the Democratic Party. If Obama had an (R) after his name, to these people he would be just about the best president we ever had. But since he is a (D), anything he proposes or does has to be attacked. Even if they were Republican proposals to begin with.

      The hatred boiled over when Bill Clinton had the audacity to be elected. They believed that Reagan’s election had ushered in an era of uninterrupted Republican rule for 50 years or more, then came Bill Clinton. They realized they were always going to be a minority party, so they had to resort to stealing the election from Gore and dirty tricks to keep John Kerry out of office. They never beleived that Americans would elect a black man as president, especially a Democrat–so their hatred has festered to such an extent that they are willing to destroy our democratic institutions and the country itself if it means that Republicans can hold power indefinitely.

    • ExPAVIC

      WHAT? ARE YOU SERIOUS?

      Just check his skin color. The American Taliban Republican rich old white guys hate the fact that in four years he has done more constructive things for us (the United States) than George W. Bush did in eight years.

      And, they hate the fact that rich old bigoted white guys are no longer running the country. That best explains why they are pulling out all of the stops to prevent another four years of the same, deriding his efforts and sand bagging him to prevent another four of the same.

      In their attempt, they have picked an image of themselves, even though Romney lacks the competency and mental capacities to perform the rigors of the presidency.

      That is why we should get out the vote for him even if we have to carry people to the polls on November 6th.

    • CPANY

      They don’t like Obama because he’s black.

  • jerder

    We forget that GM and Chrysler would have went completely belly up and the remaining thousands of auto workers would have lost their jobs, while we would be forced to buy foreign made autos from Mazda, Toyota, and others. Obama, by giving them bail out funds, ensured that we still have AMERICAN AUTOMOBILE MAKERS AND DEALERSHIPS. The monies allowed those companies to rid of their low selling models, focus more on designing new models that are much more energy efficient, allowed them to streamline operations, and as a result thousands of new jobs were created and dealerships nationwide could call back staff and salespersons off of unemployment. GM and Chrysler’s overhead increased to much that they paid back the bailout loan with interest. Yes, some jobs were added in China and Canada, but triple that were added here.

    • http://pulse.yahoo.com/_BLQ7ZDKND2DBJWMCD4BSI4GPVM JPS

      Obama’s loans (not bailout) saved the Automobile industry. How many jobs were saved? The potential failure of one or more automakers would have cut up to 2.5 million jobs in the first year as production ground to a halt throughout the industry, according to the Center for Automotive Research. Think not? The U.S. motor vehicle manufacturing industry employs 880,000 workers, including those who work in the large auto parts manufacturing sector, as well as those who assemble cars. Motor vehicle and parts manufacturers also have a major influence on other industries in the economy as well. Building motor vehicles requires vast quantities of materials from, and creates many jobs in industries that manufacture the steel, rubber, plastics, glass, and other basic materials. It also spurs employment for automobile dealers; automotive parts, accessories, and tire stores. automotive repair and maintenance shops; gasoline stations; and highway construction companies…not to mention the neighborhood diner. Every auto plant job generates another five jobs among suppliers and the surrounding community. Even if there is no auto plant nearby, your community may depend on auto manufacturing. The auto industry is one of the biggest purchasers of aluminum, copper, iron, lead, plastics, rubber, textiles, vinyl, steel, computer chips and more.
      People tend to forget, this is not the first time a company has been bailout by the government before. Harley-Davidson was bailout, Chrysler was bailed out, Penn Central Railroad, Lockheed, the Airline industry after 9/11…least we forget.
      Republicans Governors are firing teachers, firemen and police officers, attacking public workers thru union busting for what they claim the need to balance their budgets. Meanwhile we have had 36 straight months of Private Sector Job Growth and the best sustained growth in Manufacturing in 2 decades.

    • totenkatz

      You forget about Ford, which didn’t take a federal loan/bailout. It sounds like you don’t think Ford is a American Company. Oh and by the way Chrysler is now owned by Fiat so it’s an Italian Company.

  • http://www.facebook.com/cherie.delacruz.31 Cherie de la Cruz

    I hate to say this, but if Jesus was standing in front of us…we the people..we would have something to complain about..he’s too nice.. he wears sandals..he doesnt shave..he doesn’t have a birth certificate..he was homeless..he never went to college..he was only a carpenter… Obama/Biden……..I have faith in Barack Obama

    • http://pulse.yahoo.com/_BLQ7ZDKND2DBJWMCD4BSI4GPVM JPS

      I dearly hope you are not comparing Barack Obama to Jesus Christ? That would reopen a controversy that exploded in the media over a year and a half ago by the religious extremists that were outraged by a painting by Michael D’Antuono of Obama arms spread in the crucifixtion pose and a crown of thorns on his head. Michael received thousands of emails and was forced to apologize for his art.

  • ayayaboy

    Stupid for Romney to say “let Detroit go bankrupt.”

    • ExPAVIC

      Stupid is as stupid does, usually.

  • adler56

    There are a terribly high number of stupid Americans but even some of them must be able to see how a vote for williard is a vote against their own welfare and that of their neighbors- since they’re mostly middle class and lower income Americans

  • http://profile.yahoo.com/XWNK5E33OIFUMQVAGQQA7GDM2M Bigspender

    “I don’t remember what I said on that particular occasion. But whatever I said, I stand by it now.” — Mitt Romney.

    In truth, how can Romney be expected to remember anything he’s said in the past? As a serial liar, Romney makes up his stand on issues to suit his audience of the day. Since he holds no firm views on much of anything, he can easily shift gears as needed. Fortunately for Romney, his core constitutency is unconcerned about the truth so he’ll be just fine.

  • http://pulse.yahoo.com/_BLQ7ZDKND2DBJWMCD4BSI4GPVM JPS

    Ryan’s plan would not only represent a devastating attack on poor Americans while redistributing resources to the rich; it would actually make the worse. This is reflective of Romney’s lack of concern for those less than well off. In 2011 dollars, the minimum wage was more than $10 in 1968, when jobs and pay were peaking for America’s workers. The current minimum wage ranges between $7.25 and $8.67 per hour. Romney flopped on the issue at the start of March. Now he wants the wage to stay at $7.25, with no indexing for inflation. In other words, he wants poor people to earn less every year.
    Romney wants to put 13M people off of food stamps. He supports the Farm bill that includes cutting $1 billion from the food stamp program.
    He won’t say whether he supports the Lilly Ledbetter Fair Pay Act. Are women entitled to the same pay for the same exact work as men?
    Mitt Romney is a man who never had to struggle – EVER. He sold stock given to him by his father to survive when he was in college. Although born with a silver spoon in his mouth, and despite the “self-success story” he now tells, Romney didn’t risk one dime of his own money to start Bain Capital. But Romney advises kids to borrow from their parents to startup businesses in the midst of economic catastrophe. This is the worst of times to take business risks. Business startup failures in this country are 90%. Only someone who paid for college by selling stock given to him by his CEO father would just casually assume students could go borrow $20,000 from their parents to deal with the economic challenges they face,” said Joshua Dorner, a spokesman for the Center for American Progress Action Fund. While, I like President Obama and will easily vote for him, my vote is more AGAINST Romney than it is for Obama….Romney has taken a hard right turn on all social issues, and would also nominate far right judges to the courts to help carry out his, as well as the House Republicans 5th century social agenda.
    “All we have to do is replace Obama. … We are not auditioning for a fearless leader. We don’t need a president to tell us in what direction to go. We know what direction to go. We want the Ryan budget. … We just need a president to sign this stuff. We don’t need someone to think it up or design it. The leadership now for the modern conservative movement for the next 20 years will be coming out of the House and the Senate.” — Grover Norquist, Feb. 13, 2012
    Note, Grover knows that they do not need, nor even want, a leader in the white house, just a rubber stamp. The very weakness of Mitt, (IS) the selling point, just a W’s low IQ was the selling point back in 2000, after all, they want the real leadership to go on behind the scenes, away from any voters.
    Vote with your mind as well as your conscience.

  • http://pulse.yahoo.com/_BLQ7ZDKND2DBJWMCD4BSI4GPVM JPS

    “Greed, for lack of a better word, is good.” $20,000. That’s how much money Romney is estimated to have made from each worker laid off during Bain’s many corporate takeovers. Nice work if you can get it (or take it away from someone else).
    Romney has changed his political stances more than I change my underwear!!! But one thing is certain. Mitt Romney wants to continue the same Bush policies that got us into this mess. That’s because all in all, it’s been a great decade for his wealthy 1% friends. A CBO report found that income for the wealthiest 1% of Americans had exploded since 1979, by a whopping 275%. In the last year 93% of income went to the top 1%. The Fortune 500 — the biggest companies in America — boosted their earnings a whopping 335% in the last year. CEO pay has skyrocketed 300% since 1990. CEO pay is now 380X the average worker’s, up from 46X in 1980. pay for CEOs has reached an all-time high, just short of $10 million a year. That’s roughly $5,000 an hour. According to a report by Senator Coburn (Republican) of Oklahoma, 1,500 MILLIONAIRES paid no taxes in 2009. 30 Fortune 500 companies paid no taxes in the three years 2008-2011. This welfare for the well-off – costing billions of dollars a year – is being paid for with the taxes of the less… fortunate, many who are working two jobs just to make ends meet, and IOUs to be paid off by future generations. S&P 500 companies last year had more than $2 trillion amassed in cash. That’s enough money to create a living-wage job, for a year, for every single American who is unemployed, underemployed or has stopped looking for work. While the middle class disappears and poverty increases the wealthiest people in our country are not only doing extremely well, they are using their wealth and political power to protect and expand their very privileged status at the expense of everyone else.
    He wants to eliminate the capital gains tax so he never has to pay taxes again! Mitt Romney supports the Paul Ryan Budget voted on and passed by the Republicans in the house. Ryans plan is guaranteed to blow the debt up by several trillion dollars, not a single tax cut is paid for which is exactly what Bush did and we know how well that’s worked out now don’t we.
    Robert Greenstein, President of Center on Budget and Policy Priorties, said of the Republican Budget, [a.k.a the Ryan Plan] “Specifically, the Ryan budget would impose extraordinary cuts in programs that serve as a lifeline for our nation’s poorest and most vulnerable citizens, and over time would cause tens of millions of Americans to lose their health insurance or become underinsured…Yet alongside these extraordinary budget cuts, with their dismantling of key parts of the safety net, the budget features stunning new tax cuts for the wealthiest Americans. These tax cuts would come on top of plans to make the Bush’s tax cuts permanent.
    In fact, TPC reported that the four major new tax cuts in the Ryan plan…would cost $4.6 trillion in lost federal revenue over the next ten years…All four revenue-losing measures would disproportionately benefit wealthy Americans.
    A letter written by the priests and staff of Catholic Georgetown University in response to the PAUL RYAN BUDGET reads:”We would be remiss in our duty to you and our students if we did not challenge your continuing misuse of Catholic teaching to defend a budget plan that decimates food programs for struggling families, radically weakens protections for the elderly and sick, and gives more tax breaks to the wealthiest few,” The letter adds: “In short, your budget appears to reflect the values of your favorite philosopher, Ayn Rand, rather than the Gospel of Jesus Christ.”

  • onedonewong

    With barak’s wisdom the US bankruptcy laws were rewritten by him and Geithner so that those who were bond holders became paupers. And now thru his wisdom GM makes 7 out of every 10 cars they produce somewhere OTHER than the US and is also sending all their R&D to China.
    Now that’s real OUTSOURCING

  • sweden68

    Hello there? Look who is runing the country? The guys is an f-ing idiot, has not done a shit in his life!

  • totenkatz

    JPS is an idiot who really believes the bailout of GM was a good idea that made me, as a tax payer, money. Well it hasn’t and GM stock will never be worth enough to pay back the tax payer.

  • DesertSun59

    Have any of you heard a single GOP supporter that has criticized Willard’s 14% tax rate on his $20M?

  • http://profile.yahoo.com/A6ZXWV5YY5QXJILU5U5YGAYWXM Joel

    Romney is a draft dodger would send your kids to war, and hide behind the door with his kids. Is that how a true american would protect america by hiding from duty and keeping money in off shore accounts. And, investing in China not America. The middle class has its money right here like true americans.

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