Romney: Big business is 'doing fine'

[highplainsdem]

Source: AP

MINNETONKA BEACH, Minn. (AP) — Republican presidential candidate Mitt Romney says big business in the U.S. is "doing fine" in most places.

Romney's assertions resembled President Barack Obama's remarks earlier this summer that the private sector "is doing fine." Republicans pounced on Obama's comments, saying they proved he was out of touch with the nation's economy.

Speaking to donors Thursday near Minneapolis, Romney said he would focus on helping small business succeed.

Romney says large businesses succeed in part because they can better manage government regulations and because they put money in "low tax havens around the world." Romney has faced criticism from Democrats for placing some of his personal fortune in offshore accounts.

-snip-

Read more: http://www.wavy.com/dpp/elections/president/Romney-Big-business-is-doing-fine_06246006

[BeyondGeography]

1. Mitt's in it for the little guy

[lumpy]

3. Yeah sure.....The pubs are always touting their support for small businesses as if....

must be why they try to run them out of town.

[RBInMaine]

11. Mitt has NEVER given a tinker's damn for the little guy. He's nothing but a corporate toadie.

[silvershadow]

2. Gee, ya think? Mitt, this

just shows how absolutely tone deaf you are.

[wordpix]

4. "better manage government regulations" and ""low tax havens around the world"

Here we have Mittens in a candid moment with his base, admitting big biz "manages" gov regs. Translation: lobbyists take care of those damn regs and write the regs themselves or eradicate them entirely. And low tax havens? Need we say more?


Romney says large businesses succeed in part because they can better manage government regulations and because they put money in "low tax havens around the world."

[JDPriestly]

5. Large businesses succeed because they can afford a lot more advertising and

hire more innovators. In addition, large businesses can afford to position themselves in markets and pricing so as to squeeze out small businesses.

Small businesses have to work hard to develop good customer relationships, unique and more personalized services and products tailored specifically to the markets they serve. Generally, small businesses don't get the advantage of a large asset and capital base, and they can't weather risky periods as well as big companies.

What's more small businesses don't have the capacity to buy politicians and get laws and regulations written just for their needs.

Big businesses have a lot more advantages. The list is too long to write bout here, and Romney knows that. Again, Romney being coy and disingenuous if not an outright lying.

[rks306]

6. Greedy

Really, They do have alot of money put back, is it 2 trillion.

[nanabugg]

7. When Obama said this months ago, Mitt criticized him for saying it. nt

[Berlum]

9. "Allow me to Etch-a-Sketch my statements. Again." - Willard (R - 1%)

[oldsarge54]

8. Definitions are a bummer

Is the small business the same as middle class people who have the capital to loan money to their kids to go to college or start a business. I really think that Romney is suffering from Marie Antoinette syndrome. For that matter, does anybody have a good working definition of middle class and small business?

[Myrina]

10. Of course it is.

The problem is, none of the rest of us are. D'oh!

[TomCADem]

12. "Romney: Big business is fine, helped by tax havens" - You forgot Romney's Shout Out

Romney specifically gave a shout out to off shore tax havens!

http://www.seattlepi.com/news/article/Romney-Big-business-is-fine-helped-by-tax-havens-3811814.php

His comments echoed similar assertions about the state of big business by President Barack Obama which Romney has criticized. They're also a reminder that the GOP candidate has kept some of his personal fortune in low tax foreign accounts.

"Big business is doing fine in many places," Romney said during a campaign fundraiser Thursday. "They get the loans they need, they can deal with all the regulation. They know how to find ways to get through the tax code, save money by putting various things in the places where there are low tax havens around the world for their businesses."

Romney's assertions resembled Obama's declaration earlier this summer that the "private sector is doing fine." Romney and other Republicans pounced on the president's comments and cast them as an indication that he was out of touch with the nation's economic struggles.

Romney didn't mention Thursday that he has kept some of his personal money in offshore tax havens, including accounts in Switzerland and the Cayman Islands.

[highplainsdem]

13. LBN rules require using the exact headline, which I did. The headline you're quoting was used on

later stories about this and wasn't available when I posted this last night.

My excerpt from the article does quote what Romney said about tax havens.

[maddezmom]

14. love EarlG's pic of the day

[smirkymonkey]

15. God, I am so relieved to hear that. And all this time I thought us little people were keeping big

business down and suppressing the economy. It's a good thing to see our sacrifices are going to the top 1% and to big business. I finally feel like our economy is on the upswing.

[truthisfreedom]

16. If big business is doing fine, and if the government is short on money, then logically it's time for

big business to start paying their fair share.