It's not about his money

Don't fall for the sideshow about Romney's financial dealings

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When Bill Clinton was having illicit sex with an intern in the White House, Democrats told us it was none of our business, that his private life was separate from his public office.

Now, however, they want to make the current election all about what Mitt Romney owns and what he does with it.

Do you see a little disconnect?

Democrats have succeeded in getting the intelligentsia, anyway, to prattle on and on about Romney’s wealth and where he’s supposedly stashed it. And, foolishly, Mr. Romney has allowed them to put him on the defensive.

It’s a diversion and a deception – and a corrosive notion that because someone else has done well, he or she has somehow diminished your own fortunes.

That’s about as wrong and un-American as you can get.

But, since Barack Obama is a willing spectator in this nutty sideshow, only one person can put a stop to the lunacy: Mitt Romney.

It’s time Mitt Romney said it loud and clear for all to hear: This election is not, and will not be made to be, about his money. It’s about ours!

How has any president’s personal portfolio affected you and your family? Has it put bread on your table or taken it off?

Jimmy Carter went to great lengths to project modesty and frugality – yet, until now, Americans suffered more under Carter than at anytime since the Great Depression, with the vise of “stagflation” – high inflation and unemployment and low growth. Carter admitted there was a “malaise” about the land.

Carter’s bank account didn’t cause that and couldn’t prevent it; his inept and counterproductive big-government policies did.

So let’s take a look not at what Messrs. Romney and Obama do with their own wealth, but what the current president has done with yours:

1) a massive $800-billion stimulus – which was such a failure that even Obama joked that “shovel-ready was not as shovel-ready as we expected.”

Not funny, Mr. President. It failed to keep unemployment under 8 percent as promised, and simply saddled us with more debt.

2) hundreds of millions of our dollars given out to Obama cronies at solar-panel firm Solyndra and other failed “green” energy disasters.

3) increased federal employment and overhead; while private sector jobs decreased 6.6 percent, federal employment soared 11.7 percent.

4) historic debt and deficit spending that is unprecedented in human history; Obama has added over $5 trillion in debt in less than four years – more than the eight years of George W. Bush combined.

5) Obamacare – which is now admittedly the largest impending tax increase in American history.

What we haven’t gotten for all that cash is a secure border, a balanced budget (or even reduced deficits), and jobs.

No wonder Mr. Obama and his supporters would have your eyes averted to Mr. Romney’s bank account. It takes your mind off yours for a while.

Now let’s compare Mr. Obama’s record with his promises, as recounted by Peter Wehner of The Weekly Standard:

1) He promised to create 5 million new jobs in the energy sector alone; we’ve actually lost that many jobs overall.

2) He said a typical family’s health-care premiums would decrease $2,500 by the end of his first term; they’ve gone up 9 percent.

3) He said his financial moves would stop foreclosures; they’ve been the worst in our history.

4) He promised to cut the deficit in half by the end of his first term; they’re still over $1 trillion a year.

5) He said he would “lift 2 million Americans from poverty” and “jolt our economy back to life.” How? And when?

So we ask you: What’s the issue in this election? Mitt Romney’s money? Or yours?

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ultrarnr
903
Points
ultrarnr 07/13/12 - 11:22 pm
9
7
It is definitely about his money
Unpublished

romney has released one full year's tax return and part of another. What they show is a concerted effort to park most of his wealth in overseas tax shelters. Swiss bank accounts, Bermuda accounts and others designed to shield your money from the taxing agency of the country you want to lead does not sound right. WHAT IS ROMNEY HIDING? I want to know what kind of person is trying to lead my country. Deceit and refusal to disclose information does not sit well with me. I pay my fair share of taxes and make no attempt to engage in questionable financial schemes. I EXPECT THE SAME FROM A PRESIDENTIAL CANDIDATE.

fedex227
11179
Points
fedex227 07/13/12 - 11:29 pm
9
9
This is not a legitimate question?
Unpublished

The Augusta Chronicle suggests that all this money hiding was not about dodging taxes. That we should just ignore this issue because- I don't know, something about Bill Clinton having sex and Jimmy Carter doing something (jeez, are you guys really bashing Jimmy Carter?) . Why not just release the tax returns and be done with it? There has to be something very damning in those returns for Romney to so fervently conceal them. Especially in light of the fact that we already know about the other offshore accounts. Maybe its just as simple as the Swiss bank was still offering free toasters to new account holders? If so, just say so.

skeptic griggsy
39
Points
skeptic griggsy 07/18/12 - 08:30 am
1
0
Truth - why not the truth?
Unpublished

Willard declaims that he has good economic sense due to his business background, so that he himself unwittingly affirms that why, yes, we need to know about his Bain activity. His actions led to companies having even more debt that made for bankruptcy, which might have come anyway,but still deepened so that people lost their their hard-worked for pensions that Bain did not and would never recompense. Ah that need to increase stakeholders' wealth!
Willard's off-shore accounts raise the question of how legal they are and why doesn't he invest instead in America? Then, as a free trader, I allow that is an exhortation.
Willard's propensity to be like Goldwater in his inconsistencies and- reactionary, economic woo, doom him!
Why, Willard should follow this advice: know yourself!
This liberal man thinks that reactionaries need to refine their moral sense so as to see the egregious consequencies that their woo attitudes would do to not only the poor but also to the middle-class!

myfather15
54764
Points
myfather15 07/14/12 - 03:51 am
9
3
Ultranr and fedex

I understand the questioning of someone who doesn't seem to want to release financial statements and I don't have a problem with that. I personally believe (just my opinion) he just doesn't think it wise to show massive wealth off to people who can't relate to that. Yet, I would ask you to answer me this; If its not ok to place your American made dollars into a swiss bank account, is it ok to INVEST your American made dollars into those same swiss banks and make hundreds of thousands of tax free money off of that?

So, If I place a bunch of money into a swiss account, I'm a criminal but if someone invests a bunch of money in that bank and makes money on the fact that people are putting their money in those banks, thats fine? And they don't have to pay a single dime of American taxes on the money they make off those investments, using American money to make those investments? So Debbie Wasserman Shultz and Nancy Pelosi have financially gained from people placing their money into Swiss banks. They don't pay taxes on that financial gain. But they get a pass and Romney, who is only ALLEGED to have done this, without proof, gets called a criminal?

I am a conservative indenpendent. I call myself an idenpendent because I don't like any politician, PERIOD. I believe they are all liars and say whatever it takes to get elected. I'm a conservative only because I believe they stand on better moral principals. What I can't stand though is this double standard from the left. They give their people a pass on their misdeeds while bashing the right for anything they do. Stop making accusations you have no proof on.

If the American people believe Romney is hiding something by not releasing the full records, we need to show it in our votes. But this is a free Country and he doesn't have to show them. He shouldn't be accused of criminal activity by anyone without proof, that is SLANDER!!!

ultrarnr
903
Points
ultrarnr 07/14/12 - 04:32 am
7
8
Simple Solution
Unpublished

Romney could come clean and release several years worth of tax returns. If he has nothing to hide what is the problem?

draksig
167
Points
draksig 07/14/12 - 06:39 am
14
6
Romney should offer a deal.

Romney should offer a deal. He will release 10 years of tax records if Obama will release his school records and his genuine birth certificate.

southernguy08
499
Points
southernguy08 07/14/12 - 07:11 am
0
1
LIBERAL DEMOCRAT HYPOCRITES
Unpublished

If the presidential candidate is a liberal Democrat, his/her money is NEVER an issue. JFK, Nancy Pelosi, and Jay Rockefeller are fine examples. As for hiding secrets, notice the Obama robots carefully avoid the facts that their guy has just invoked "executive privilege" to keep from handing over documents about Operation Fast and Furious, and that Eric Holder refuses to appoint a special independent counsel for the case. And of course, the liberal media and the Hollywood pukes give them a pass on this. The voters WON'T in November!

dichotomy
32121
Points
dichotomy 07/14/12 - 08:03 am
10
4
Obama and the Democrats want

Obama and the Democrats want you to be more concerned about what Romney does with his money than what Obama is doing with YOUR money.

If I had a lot of money I would be trying to use every avenue available to make the least amount possible available to the tax leeches too. And don't lie about it, you would too. And if we continue to follow the policies of Obama and the Democrats we will drive even more money offshore along with more of our jobs.

I don't understand the mentality of the policy makers in this country and the people who elect them. We continue to want to raise taxes on the people who create the jobs and we coninue to let our non-elected bureaucrats implement regulations that make it harder and more expensive to manufacture and yet we complain when people move money and jobs to other countries. Duh!!!!! And, oh by the way, many of the Democrat mouthpieces out there trying to beat up on Romney have offshore accounts and foreign investments too.

I don't care about Romney's accounts and where they are. I refuse to hold it against a man because he is smart enough to try to hang on to what he has.

Willow Bailey
20580
Points
Willow Bailey 07/14/12 - 08:05 am
10
4
Great editorial. Let's swap

Great editorial. Let's swap them the records though, for Obama's.school documents.

InChristLove
22468
Points
InChristLove 07/14/12 - 08:07 am
8
4
"If he has nothing to hide

"If he has nothing to hide what is the problem?"

The problem is, he has complied legally with what is required by law regarding his tax return and just because Obama is worried Romney "might just win" this election, he is drumming up anything and everything to discredit his rival, to make him look like he can not relate to the American people. It's called politics.

ultramr, it's got nothing to do with whether he has anything to hide, it's got everything to do with a man who is wealthy (because he has been wise to invest and save) running for President of the United States in a time when the economy is horrible and unemployment is high and the current President see's an opportunity to use good for evil.

Use the very thing that is an issue currently with the American people (money/income) and use it to take the focus off Obamacare, jobs, and the economy.

carcraft
25248
Points
carcraft 07/14/12 - 08:09 am
9
4
Romney's Swiss bank account

Romney's Swiss bank account was closed two years ago! Now Obama doesn't want to release the records on fast and furious. What's more important, someone's financial records or the records of a program that resulted in hundreds dead?

carcraft
25248
Points
carcraft 07/14/12 - 08:12 am
7
3
Ultranr- Probably the same

Ultranr- Probably the same reason Obama won't release his college records?

carcraft
25248
Points
carcraft 07/14/12 - 08:30 am
6
3
Speaking of being open and

Speaking of being open and honest did you know the Obama admin has refused more freedom of information requests than even Bush?

allhans
23546
Points
allhans 07/14/12 - 09:44 am
6
3
Obama and his czars are doing

Obama and his czars are doing what they believe to be a way to retain their power. But will it work. They have all kinds of tricks up their sleeves and they keep recycling them over and over.
Their intent is to keep Romney on defense but it might come back to bite them. More and more liberal organizations are getting fed up with the Obama crowd.
The guy Jack Cafferty on Wolf Blitzer/CNN listed some of Obamas shortcomings and said it might just be too late already to turn things around. Even Democrats don't like what is happening.

Conservative Man
5447
Points
Conservative Man 07/14/12 - 10:20 am
4
4
Democrats are shaking in their boots!!

I'm sure the White House has internal polling that shows "Our Dear Ruler" is doing horribly with most demographics of likely voters. That, combined with basically zero improvement on the economic front dictates that they MUST go negative and attack M.Romney. They can't tout THEIR accomplishments so they HAVE to tear down the other guy....But lets be real here.....this is no great stretch. It's been a part of the political process in this country for over 200 years...
Bottom line, Mitt may not save the country, but Obama WILL destroy it. And I think most voters know this.What scares the White House is that they know more and more Democrats are defecting.....I predict a landslide.....

JRC2024
8529
Points
JRC2024 07/14/12 - 10:22 am
6
2
If you continue to believe

If you continue to believe and vote Chicago politics it is not too smart for you to do so. My wealth or lack of wealth is no bodies business but mine or mybankers if I ever tried to borrow money.

JRC2024
8529
Points
JRC2024 07/14/12 - 10:29 am
6
3
I hope you are right

I hope you are right Consertative man. My mother is law has voted democratic all her life because that is what was done where she lives. She switched for the last cycle and so did her husband. The rest of the family falls on the republican side. They moved away from the small town and saw what the present day democrats were doing.

Rhetor
1003
Points
Rhetor 07/14/12 - 10:33 am
4
5
Amazing, isn't it? Romney

Amazing, isn't it? Romney made his financial wizardry a selling point in his campaign--and yet, it turns out, much of his financial wizardry may be open to, at least, serious question. It was Romney himself, not the liberal intelligentsia of the right-wing's fears, that made this an issue. He said that his skill in running a business made him a qualified candidate. Much to his surprise, however, it turns out that there are people who want him to document his claims. Instead of dealing with the issue forthrightly, the ACES predictably turns the tables to launch a disorganized series of attacks against Obama, some of which are legitimate, and others that have long since been discredited, but all of which are beside the point. Romney himself opened this box, and the voters may well decide to look inside it.

allhans
23546
Points
allhans 07/14/12 - 10:46 am
3
2
Clinton welfare reform gutted..

Obama Guts Bill Clinton’s Signature Welfare Reform...
No longer will a person be required to look for work...

fedex227
11179
Points
fedex227 07/14/12 - 11:36 am
5
3
It's probably all perfectly legit
Unpublished

After all, two years ago when I found out that federal authorities were cutting a deal with Swiss banks to allow them access to accounts they believed were opened to shield money from the IRS, I closed my Swiss bank account and moved it over to my Cayman account as well- didn't you?

Jon Lester
2285
Points
Jon Lester 07/14/12 - 11:39 am
4
4
Either you know you're lying, or you're admitting gullibility

if you're seriously saying that "Obamacare" is such a huge impending tax increase. That's total crap, and if you don't know better, then you need to get out of journalism.

http://www.thenation.com/blog/168689/biggest-tax-increase-world-isnt

carcraft
25248
Points
carcraft 07/14/12 - 12:00 pm
3
3
Fedex Why aren't you as

Fedex Why aren't you as concerned about fadt

carcraft
25248
Points
carcraft 07/14/12 - 12:02 pm
4
4
Fedex Why aren't you as

Fedex Why aren't you as concerned about fast and furious, after all how many people have Romney's bank account killed?

carcraft
25248
Points
carcraft 07/14/12 - 12:07 pm
4
4
Fedex I have over seas in

Fedex I have over seas in vestments. It is wise to diversify! What's the big deal other than Obama lying again AND casting aspersions?

fedex227
11179
Points
fedex227 07/14/12 - 12:25 pm
3
4
"Fedex Why aren't you as concerned
Unpublished

about fast and furious"

Am I allowed to be concerned about both? Or do I have to pick one. Besides, I thought the editorial was commenting on Romney's finances but maybe that was a typo.

carcraft
25248
Points
carcraft 07/14/12 - 12:41 pm
5
3
Fedex The thing about Obama's

Fedex The thing about Obama's lies is that they are smearing a good man. Romney served as Gov and didn't take a salary, Romney served as head of the Utah Olympics without salary. Romney gave his inheritance from his father to BYU. Now explain to me why hr would try to cheat on taxes over several thousand dollers when he declines or gives away more than that?

carcraft
25248
Points
carcraft 07/14/12 - 12:41 pm
5
2
Fedex The thing about Obama's

Fedex The thing about Obama's lies is that they are smearing a good man. Romney served as Gov and didn't take a salary, Romney served as head of the Utah Olympics without salary. Romney gave his inheritance from his father to BYU. Now explain to me why hr would try to cheat on taxes over several thousand dollers when he declines or gives away more than that?

allhans
23546
Points
allhans 07/14/12 - 12:50 pm
4
3
The accusations made in

The accusations made in connection to Romney's Bain involvement has been going on for nearly 8 years now, time to put up or shut up.

Romney is on TV this morning telling the Dems that they are LIARS. He is not biting his tongue. Folks should be more careful. As Charles Krauthammer said, "There are no skeletons in Mitt Romney's closet, as a matter of fact, there is NO closet".

Smart man, Charles K.

Conservative Man
5447
Points
Conservative Man 07/14/12 - 01:07 pm
6
4
Greed vs. entitlement mentality.

Isn't it funny. That to risk your own money to try to better your financial position along with trying to shield some of it from the Imperial Federal Government's confiscatory tax rates , paints you as being "greedy". But demanding that others pay your rent, buy your food and give you money to do nothing on top of that, isn't....interesting.....

TParty
6003
Points
TParty 07/14/12 - 01:36 pm
4
2
I don't know what Clinton's

I don't know what Clinton's transgressions with interns has to do with Romney's financial and business records. Clinton did not run on his ability to pick up chicks- where as Romney is running on his business record, with his knowledge how to make money.

Romney IS claiming that his business success at Bain is what makes him the man to lead us out of this bad economy. That kind of makes his business success and how he achieved it more than a little bit relevant to his campaign.

And if I was the editorial, I would change out two of the points about Obama, and sub them in with something else.

Point 3 is false, so I would change that to Obama's lack of transparency, even though he ran on it. Fast and Furious being a clear example of silencing knowledge of what our government is doing.

Point 5 is also false, so I would change that to not knowing about Obama's higher education. He has always stated education is important (Which is correct) and that his education got him to where he is today. So open up those records, and let people look at them as an example of what it takes.

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