Thursday, May 24, 2012

Romney, "80% of Bain investments made revenue."

No one doubts that, but, private sector equity revenue is very different than revenue achieved in government.


May 22, 2012, 03:05AM ET
By STEVE PEOPLES

The core (click here) of his presidential candidacy under attack, Mitt Romney has yet to shape a playbook to defend a quarter-century in the business world that created great riches for himself and great hardship, at times, for some American workers.
Romney and his aides have struggled to respond consistently to intensifying criticism about his tenure at Bain Capital and how it would be reflected in his presidency. The lack of a cohesive message stems, in part, from Romney's fundamental belief that any debate that puts the economy front and center is a win for Republicans. Public polling shows most Americans are not satisfied with the pace of the recovery under Obama's watch....


Let's see, government has income tax, sales tax, property tax, leases of public land, but, is not a profit driven machine that destroys jobs and reaps profits. If anything government at any level is the complete polar opposite.


Raising taxes is NOT like raising prices on a product, everyone will pay it or pay the price of not paying. Either way, the only real way government raises REVENUES is to create more taxes or lease property. There are import taxes that take the burden off the citizen and place it on companies which also protects American made goods. But, basically taxes is the largest revenue source for government. So. unless Romney opens concessions in the White House Oval Office, I don't know what he is going to do differently, because, he won't raise taxes, if anything he'll cut them on the wealthy. 


For Romney to tout he was a successful CEO of what is basically a salvage operation of corporate America doesn't qualify him for President of the USA, if anything it disqualifies him and why this country fell into the pitfalls of bailing out banks that were TOO BIG TO FAIL.