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spin

(17,493 posts)
43. Seriously I suspect that even if innocent of any wrong doing ...
Sat Jul 14, 2012, 04:12 AM
Jul 2012

Romney's tax returns would provide more information to support more allegations from the Obama camp.

Romney hopes to run his campaign on the state of the economy and if he gets his way he could win the election.

Obama faces an uphill battle if the election is only about the economy as it's hard to argue that he can fix it if he only has four more years. While it is probably true that the economy will improve in four years despite who is elected, it would be difficult to pull such an argument off even with all the oratory skills that Obama has. Obama admitted this early in his administration.



It was fortunate that the Republicans ran such a weak field of candidates in their primary and that so many were trying to garner support from the ultraconservative Tea Party. In reality, Romney was their best choice and had he faced some real competition he would not the the Republican candidate for President today.

Romney has considerable drawbacks. First he is RICH beyond the imagination of most average Americans. At one time being a member of the 1% might not have been all that important when running for the office of President and might have been viewed as positive. Today many voters feel that the rich are greedy and have little concern in the problems that the middle class and the poor face on a daily basis. Romney is not only rich but he is also out of touch. When you can afford a $55,000 car elevator for your home, it's hard to understand the plight of the average family in America who lives paycheck to paycheck. (Ref: http://www.politico.com/blogs/burns-haberman/2012/05/romneys-car-elevator-cost-124588.html)

Romney also lacks charisma. He tries hard but fails as it is obvious that he has never personally known many average Americans and has little interest in inviting any to his mansions.

Romney however a very successful businessman and knows how to invest and make money. He can argue that this knowledge might make him a far better President in our current environment than Obama whose administration invested a large amount of money in green energy firms that were far from ready to complete in a difficult world market and failed dramatically. While it is true that many of Bain Capitol investments failed, many were successful.
Some you win and some you lose. In business a few good decisions can offset many foolish ones.

Bain Capital

Bain Capital is a Boston-headquartered alternative asset management and financial services company that specializes in private equity, venture capital, credit and public market investments. Bain invests across a broad range of industry sectors and geographic regions. As of the beginning of 2012, the firm managed approximately $66 billion of investor capital across its various investment platforms.

The firm was founded in 1984 by partners from the consulting firm Bain & Company. Since inception it has invested in or acquired hundreds of companies including AMC Entertainment, Aspen Education Group, Brookstone, Burger King, Burlington Coat Factory, Clear Channel Communications, Domino's Pizza, DoubleClick, Dunkin' Donuts, D&M Holdings, Guitar Center, Hospital Corporation of America (HCA), Sealy, The Sports Authority, Staples, Toys "R" Us, Warner Music Group and The Weather Channel.

***snip***
Much of the firm's profits was earned from a relatively small number of deals, with Bain Capital's overall success and failure rate being about even. One study of 68 deals that Bain Capital made up through the 1990s found that the firm lost money or broke even on 33 of them.[35] Another study that looked at the eight-year period following 77 deals during the same time found that in 17 cases the company went bankrupt or out of business, and in 6 cases Bain Capital lost all its investment. But 10 deals were very successful and represented 70 percent of the total profits.[36]
http://en.wikipedia.org/wiki/Bain_Capital


Obama promised change we could believe in.

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Obama was undoubtedly the most inspiring individual who has ever run for the office of the President in my lifetime. I believed that he also would be the greatest President in that period and that history would view him much as it views Lincoln, FDR or JFK. Unfortunately I have to admit that I am somewhat disappointed in his first term in office.

Once in office Obama amazingly failed to use his oratory skills effectively and consequently failed to use the power of his bully pulpit to garner support from the American public to force both Republicans and Democrats to work together actually force the change he promised.

His outstanding achievement currently known as "Obama Care" was a compromise that currently appears to preserve the for profit healthcare system in our nation rather than to be a truly world class healthcare system. We currently have the most expensive healthcare system but far from the best and many experts feel that the proposed system might be even more expensive for the average American and no better. Hopefully these experts are wrong but "Obama Care" is unpopular with many voters and also business owners who fear that their costs under the new system will effectively hurt their profits and consequently are hesitant to hire new employees. This fact has hurt our recovery.

I hate to say this but once in office Obama lost his Mojo. He is a great campaigner but needs to develop leadership skills. I realize that getting your vision passed as a President while having to deal with the reality that many members of Congress are bought and owned by the big corporations is like herding cats. Still I had hope that Obama could accomplish the impossible. Perhaps if given a second term he can. To accomplish this he not only has to be the best orator that I have ever seen but also the best leader as President. "Yes we can" can become reality if he steps up to the plate as he has the charisma and the popularity to accomplish his goals.

Americans expect results. We are an impatient group of people and feel that four years is a long time. I often feel that the Republicans set up Obama to fail as they realized that electing another Republican President after Bush the Younger was impossible. The Republicans have no desire to help him in any way to achieve his goals. It is truly unfortunate that in our nation today both parties fight like children in an unsupervised playground and compromise is viewed as failure. Our nation suffers as a result.

It is also sad that Obama has to run a negative campaign against Romney in order to win reelection, however it is a political fact. The state of the economy is always the most important factor in any Presidential election. Sadly our economy is facing tough times and significant improvement before election day appears unlikely. The whole world is facing rough times which will hurt our recovery.

The OP asked for an honest opinion on why Romney won't release more of his tax returns? I have tried to explain that Romney feels that doing so would offer an opportunity for Obama's team to attack his wealth which is his weakest point. While everything that Romney earned might be legal, the ethics and details of how he accomplished it can be challenged.

Obama will face a difficult battle if he only runs on the issues. The economy is showing only slight signs of improvement and Obama's healthcare system is currently not all that popular. To win Obama needs to attack Romney and show that he would represent the views of the 1% far more than the 99%.

Politics is a dirty game and I feel this campaign has the potential of turning into one of the dirtiest campaigns in my lifetime. Romney played hardball in the Republican primary and Obama is a Chicago politician who is no pushover.

We are just at the beginning of the campaign. I predict that it will turn into a historic mud fight before it ends.




















Recommendations

0 members have recommended this reply (displayed in chronological order):

He'd rather lose the election by lying than by telling the truth lunatica Jul 2012 #1
Because the information in them is more damaging than anyone can imagine. Ruby the Liberal Jul 2012 #2
It's public knowledge that he took writeoff on fancy horses, must be lots of "creative" stuff like Liberal_in_LA Jul 2012 #7
Obama is a smart lawyer. madaboutharry Jul 2012 #8
Jeb and Bush Senior called on Bush earlier this year. JDPriestly Jul 2012 #40
I also think that he's smart enough to know XemaSab Jul 2012 #23
it has to be more than that KurtNYC Jul 2012 #48
There's more to it than just that. Quantess Jul 2012 #74
They would reveal the years he hardly paid taxes Nancy Waterman Jul 2012 #38
The issue is hurting him. So there must be something damaging in them. randome Jul 2012 #3
There must be something damaging there liberal N proud Jul 2012 #4
I don't know sandyshoes17 Jul 2012 #5
Vetted? Ruby the Liberal Jul 2012 #15
I agree sandyshoes17 Jul 2012 #20
Grampy's thundering silence speaks volumes. hifiguy Jul 2012 #21
The entire Republican Party is staying silent and letting coalition_unwilling Jul 2012 #61
When you decide to run, you self-vet at first SoCalDem Jul 2012 #29
Lemon. Wet. Good. senseandsensibility Jul 2012 #59
So when he does and nothing is there it will be a 'win' for him. Zax2me Jul 2012 #6
I admit that I've thought of that, too. senseandsensibility Jul 2012 #10
And if that was the plan, he has waited too long to succeed. morningfog Jul 2012 #55
He's hiding something monumental. n/t pnwmom Jul 2012 #9
The tax returns tell the whole $$ story and Romney said tonight he will NOT release any new returns. swayne Jul 2012 #11
I think it's something that would cause 5-10 percent of the population to change... BlueJazz Jul 2012 #12
But I think he's losing more than a point or two. senseandsensibility Jul 2012 #18
What you say is true. Perhaps they thought the Democrats would wimp-out on this issue. BlueJazz Jul 2012 #24
That's some cold mental calculus but I agree that's probably the coalition_unwilling Jul 2012 #63
I thought that the die-hard Republicans would simply blow off the criticism and attribute the.. BlueJazz Jul 2012 #67
like his party likes to say, if you've done nothing wrong you have nothing to hide spanone Jul 2012 #13
My guess is that the records will show that hifiguy Jul 2012 #14
I see no reason for him not to release several years of tax returns..... soccer1 Jul 2012 #16
arrogance- that and entitlement. Bluerthanblue Jul 2012 #17
Based upon Reid's statement yesterday rufus dog Jul 2012 #19
Harry Reid is nothing if not cautious. hifiguy Jul 2012 #22
Exactly rufus dog Jul 2012 #26
Another vote here for no federal taxes paid. pa28 Jul 2012 #56
Yeah, it'll show he paid close to zero taxes for several years... backscatter712 Jul 2012 #25
Because it will show he didn't actually pay taxes. MrSlayer Jul 2012 #27
It will show that he made millions from Bain AFTER 1999... ecstatic Jul 2012 #28
He is hiding a lot Rosa Luxemburg Jul 2012 #30
I think there is extremely damaging info in them, along the lines kestrel91316 Jul 2012 #31
I'm thinking his tax returns would prove he was involved with Bain well past 1999. Marr Jul 2012 #32
I think it's mostly because he thinks that he can get away with it... Kalidurga Jul 2012 #33
When he talks he lies. Best for him to not talk. billyjax Jul 2012 #34
let him keep taking and he will hang himself. welcome to du. eom ellenfl Jul 2012 #52
He's just lowering the bar Politicalboi Jul 2012 #35
Massive tax evasion Canuckistanian Jul 2012 #36
Because he is cheating his church and the IRS. Historic NY Jul 2012 #37
It might be worse than most speculation ThoughtCriminal Jul 2012 #39
Would you if you were him? demosincebirth Jul 2012 #41
Could be something simple, like an address. HooptieWagon Jul 2012 #42
Seriously I suspect that even if innocent of any wrong doing ... spin Jul 2012 #43
You made many well thought out, good points. senseandsensibility Jul 2012 #65
If there is nothing seriously wrong hiding In Romney’s tax returns I feel he should release them … spin Jul 2012 #70
More of the "both sides are doing it" nonsense lolly Jul 2012 #71
So, it's Obama's fault that the Republicans blocked everything? lolly Jul 2012 #72
My point is ... spin Jul 2012 #75
Because he thinks he's better than anyone else proud2BlibKansan Jul 2012 #44
Most people in power don't think B Calm Jul 2012 #45
But most (no, all) recent presidential candidates release several years of tax returns. senseandsensibility Jul 2012 #46
I'm talking about corporate people B Calm Jul 2012 #58
He took the amnesty TheTruthSquad Jul 2012 #47
That sounds like the most likely answer lolly Jul 2012 #73
My simple question Zyzafyx Jul 2012 #49
lol senseandsensibility Jul 2012 #50
Simple and oh, so appropriate! randome Jul 2012 #54
Who is making deposits in those FOREIGN accounts? Connections to LIBOR???? patrice Jul 2012 #51
Funny thing is he gave them to McCain 23yrs worth... Historic NY Jul 2012 #53
All of the above and possibly more, I reckon. TheKentuckian Jul 2012 #57
Rope GeorgeGist Jul 2012 #60
Damaging Motown_Johnny Jul 2012 #62
He has to be hiding something severely illegal meow2u3 Jul 2012 #64
Palling around with terrorists !!! RagAss Jul 2012 #66
That's true. flamingdem Jul 2012 #69
I think Obama knows what's inside his tax returns Major Nikon Jul 2012 #68
simple answer barbtries Jul 2012 #76
because it will show the 99% exactly how the 1% operate Skittles Jul 2012 #77
His Bain salary between 1999 and 2002. Jim__ Jul 2012 #78
We are supposed to suspend our disbelief. Quantess Jul 2012 #79
This was all over the Sunday talk shows customerserviceguy Jul 2012 #80
Maybe he thought he was unemployed and thought he did not need to file? RC Jul 2012 #81
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