What’s on your tax return? For Romney, more than $1M in foreign tax credits

He "actually started a business?"
Please explain....

Regards,
BiR

 

"He was co-founder and head of the spin-off company Bain Capital, a private equity investment firm that became highly profitable and one of the largest such firms in the nation."

http://en.wikipedia.org/wiki/Mitt_Romney

 

Yep, and also from wikipedia:

"In 1984, Romney left Bain & Company to co-found the spin-off private equity investment firm, Bain Capital. In the face of skepticism from potential investors, Bain and Romney spent a year raising the $37 million in funds needed to start the new operation, which had fewer than ten employees. As general partner of the new firm, Romney spent little money on costs such as office appearance, and saw weak spots in so many potential deals that by 1986, few had been done. At first, Bain Capital focused on venture capital opportunities. Their first big success was a 1986 investment to help start Staples Inc., after founder Thomas G. Stemberg convinced Romney of the market size for office supplies and Romney convinced others; Bain Capital eventually reaped a nearly sevenfold return on its investment, and Romney sat on the Staples board of directors for over a decade."

I recall having heard Mr. Romney speak about stocking shelves in the first Staples. And look how many employees Staples has today - 2,000 stores worldwide in 26 countries.

 

Just like you did not read his record in Massachussetts in regard to the moral issues, you have no idea what you are talking about. He did not start businesses. He flipped businesses, and cost hundreds of people good paying jobs.

 

So he wasn't the co-founder of Bain Capital? Can you prove that he was not? I can surely give you plenty of proof that he was.

 

Do you ever read posts? I did not say he did not found it. Know what you are talking about.

 

Please tell us, oh all knowledgeable one, what is the difference is between founding Bain Capital and "starting" Bain Capital?

 

You can stop with the name calling right now. I got zapped for it, and you are not going to get by with it.

 

"all knowledgeable one" truly isn't name calling.

Why don't you simply give an explanation? You're the one that piped in here first telling targus that he didn't know what he was talking about, then tell me that I didn't know what I was talking about. So, you obviously know much more than either of us, so educate me please. How is starting a business and founding a business different from one another?

Just take a deep breath and attempt to reasonably answer the question. We don't need another of your apology threads tomorrow.

 

That is something you would never start that is for sure, which is your problem. When you can give a civil response, then come back. Until then, go write down some more reasons to justify your vote for a pro abortionist.

 

You are ridiculous. You can't answer the question so you just keep deflecting. Why is it so hard to explain the difference between founding a business and starting a business?

 

Why is it so hard to ask the right question and understand the issue? Why do you ask questions that have nothing to do with the issue? You can read the record as well as I can, Romney and Bain.

http://www.romneygekko.com/mitt/

Read and think for a change.

 

I understand the nature of Bain Capital's business. I understand what they did to profit. That doesn't take away from the fact the Romney started (founded) a business called Bain Capital. I understand that Bain Capital bought and sold other businesses.

So, now can you explain the difference between starting and founding a business? You've said specifically on this thread that "He did not start businesses." Romney did start a business. That business was named Bain Capital.

Try answering a straight forward question for a change.

 

That is not the problem. The problem is your lack of understanding of the issue.

 

So, now can you explain the difference between starting and founding a business? You've said specifically on this thread that "He did not start businesses." Romney did start a business. That business was named Bain Capital.

 

What he did was buy businesses that were on the road to going under and made the changes needed to keep them going... thus increasing their value... and saving jobs or creating jobs in the process.

He created far more jobs than were lost in total... and the jobs that were lost were jobs that would have been gone in a matter of time anyway if no one had stepped up and put their money at risk to attempt a turn around.

 

Lots of these issues that I have gone back and forth with on Romney for months with others comes down to a matter of how the guy comes across to the individual. On issue after issue, and this could be one, one can post links that give an exactly opposite assessment of Romney's record. For example, I believe it was Lady Eagle who posted about his pro life record, while several were posted about his pro abortion record.

If this was an isolated incident, I would not think much about the morality issue. However, this is the same pattern that comes up on issue after issue. Combine with the fact we are starting from a known non Christian, and he is a hard pill to swallow.

On this specific thread, one has to ask, what was the motive behind the buying and selling. Was it to create jobs and grow businesses, or was it to make a quick buck with sorry about the collateral damage. My judgement is the latter. I read both posts. It is the same process one must go through to figure out this guy on abortion, gay rights, etc.

Either way, it raises red flags all over the place

 

It was probably a wash depending on how you frame your statistics. The point is the motive behind the moves. It was either trying to make the company and community a better place, or greed. In this individual's case, based on other similar patterns, I think the latter is the truth.