Romney Attacks Obama for Saying Businesses Need Start-Up Help

(POST PUBLISHED 7/19, REVISED 7/24/12)

Romney Attacks Obama for Saying Businesses Need Start-Up Help  - Something Romney Himself Has Been Saying 

(BTW Here is How President Obama and Mitt Romney compare on support for small businesses.)

Romney - taking an Obama sentence out of context, said the other day:

“It shows how out of touch he is with the character of America. This idea of criticizing and attacking success, of demonizing those in all walks of life who have been successful, is something that is so foreign to us that we can’t understand it.”

Here is the sentence from President Obama:

"If you’ve got a business, you didn’t build that." 

And here is the context:

"There was a great teacher somewhere in your life. Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges.

“If you’ve got a business, you didn’t build that. Somebody else made that happen.”

You be the judge: 

Did Obama say (as Romney spins it):

"It shows how out of touch he is with the character of America. . . ."

Or, was Obama talking about "a great teacher somewhere in your life . . ."

and "roads and bridges" when he said: "you didn’t build that."

Meanwhile, while criticizing Obama for praiding " . . . this unbelievable American system" that fosters business growth, Romney admits that businesses ought to benefit from society's help:

“I was on a bus trip a few weeks ago, you may have seen, across Ohio, Pennsylvania, Michigan. . . . I was in Indiana, Wisconsin, and these are the states headed by Republican governors, and you know what? They are doing the right things, and it’s making a difference.”

Nice to know that Romney wants businesses to benefit from government support - like roads and bridges. Too bad he also wants to remove the Medicare and Healthcare safety nets which keep poor, working people from dropping out of the already-shrinking American middle class. 


American working people? They are not part of Mitt's circle of  support. Romney is much more interested in supporting the super-rich Latin American right wing. (See: Romney's Bain Capital Invested for Right-wing Salvadorans Associated with Supporting Death Squads)

Source: Romney, under pressure to release tax returns, turns fire on Obama - The Washington Post

Plus this VIDEO: President Obama’s fight for small businesses

Romney's Bain Capital Invested for Right-wing Salvadorans Associated with Supporting Death Squads

In 1984, Mitt Romney tapped "an eclectic roster of investors" to jump start the investment fund Bain Capital. 

Who were these investors? 

"Previously unreported documents" reveal that one third of the original 37 million dollars raised was from "rich Latin Americans including powerful families from El Salvador living in Miami during their country's brutal civil war."

"At that time US officials were publicly alleging some exiles in Miami were funding right-wing death squads in El Salvador."

"Some family members of the first Bain Capital investors were later implicated as backing groups responsible for killings, though no evidence indicates the relatives invested in Bain or benefitted from it."

"Romney has said he checked the investors' backgrounds. His campaign and Bain Capital declined to provide specifics."

Considerable amounts of early money invested in Bain was channelled through banks in Panama "then one of the world's most secretive jurisdictions, which offered confidentiality and tax advantages."

"The use of an offshore corporation to invest in a US business shields foreign investors from estate taxes . . . ."   

Source: "Inside the Origins of Romney's Bain Capital," Baltimore Sun, July 19, 2012, p. 10.

Wall Street Journal Extremely Right - Romney Extremely Wrong

The Obama spending binge that Mitt Romney constantly complains about?

It never happened. 

Obama the Big Spender is a Romney cum Tea Party fantasy.

The Wall Street Journal - even the Wall Street Journal - knows better than to back up Romney on this one.

There simply has never been an Obama federal  “debt and spending inferno,” as Romney claims.

Here is what Rex Nutting of MarketWatch has to say:

Of all the falsehoods told about President Barack Obama, the biggest whopper is the one about his reckless spending spree.

As would-be president Mitt Romney tells it: “I will lead us out of this debt and spending inferno.”

Almost everyone believes that Obama has presided over a massive increase in federal spending, an “inferno” of spending that threatens our jobs, our businesses and our children’s future. Even Democrats seem to think it’s true.

But it didn’t happen. Although there was a big stimulus bill under Obama, federal spending is rising at the slowest pace since Dwight Eisenhower brought the Korean War to an end in the 1950s.

Etc.

SOURCE:


Obama spending binge never happened - Rex Nutting - MarketWatch