Thursday, July 19, 2012

Swift Yachting

Swift-Yaching (v) - To make accusations about the way a candidate acquired vast wealth. See also Bain-boating.

David Weigal  argues that this firestorm was caused by the Romney campaign's overreaction to the out sourcing allegations.

Did the Romney Campaign Create the Swift-Yachting Story?

So was Romney in charge of Bain Capital or not between 2009 and 2012? If he wasn't running the company why did he get a salary of "at least" $100,000 a year. According to the SEC filings he was but claims he was in Utah rescuing the Olympics except when he went back to Boston so he could qualify as a resident of the Commonwealth to run for Governor. He did a good job with the Olympics by getting Congress to pony up$600 million.  Senator John McCain cited the games as “an incredible pork-barrel project for Salt Lake City and its environs”. 

 So now everyone wants to see Mitt's tax returns including many Republicans.

 15 Prominent Republicans Who Want Romney To Release More Tax Returns Right Now

 His father released 10 years of tax returns when he ran for President.  

This ad is devastating


The DNC chair was in town yesterday.

Democratic National Committee chairwoman campaigns for Obama.

 Romney was in PA  and was met by this ad


  The thing that is really curious is how Romney has an IRA worth between $22-$100 million dollars. For a long time the limit on contributions was $2000 then it got indexed and is now $5000. So if you do the math you maybe able to stash about $100,000 over 20 years in principle. How that grows into millions is secret I want to know.


NEPAexpat said...

I would guess it was a self directed IRA where the trustee would invest in the same companies that were takeover targets for Bain. As Bain became more successful, the IRA exploded in size.

...or the same place where Secretary Clinton learned cattle futures

Anonymous said...

If Romney was drawing a huge pay check from Bain, that's OK because he owns the company lcok, stock and barrel. However, why was he attending Board meetings if he had nothing to do with what was going on? This is another BS story with Romney in the lead roll of LIAR.