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View Diary: November Surprise? UPDATED w/ UAW Press Conference video & Ed Show interview (198 comments)

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  •  I agree ... (4+ / 0-)

    Romney tries to sell himself on the basis of competence. Yet, the truly "successful" in finance make and maintain multiples of his net worth.

    It is suggested that Mitt would have made $30-50 M per deal in his time at Bain. He has a retirement (!) account worth $100 M or more.

    He's either hiding major assets, or lying his ass off, or both. There are too many people susceptible to ignorance when you start throwing around numbers with lots of zeroes.

    The arithmetic (forget higher math) doesn't add up.

    He hasn't created or built or managed anything of consequence. Bain Capital was a piracy operation.

    •  I don't think he is lying by a large factor. (3+ / 0-)
      Recommended by:
      Dhavo, elwior, tobendaro

      I mean, he'd sooner lie for credit than tell the truth for cash, as we say in East Tennessee, but why would he lie about being a billionaire? Everybody loves Warren Buffet. As the song said, "Everybody Loves a Winner." (I don't think being a billionaire is "winning," but then I'm an evangelical ascetic. ;)  )

      No, I think he is just pretty small potatoes. I mean, does he seem that competent to you? He's pretty risk averse, BTW, Mike Bain had to back-stop him like you wouldn't believe.

      My dad had dealings - or non-dealings, with Bain in re a real estate development a few years ago. My dad told the major principal in the deal to look elsewhere for financing. He said that it looked to him like Bain wanted to made impossible demands and then take the deal over for themselves.

      Dad was a pretty sharp cookie (he's pretty ill, now.) He told the owner of a piece of real estate not to "build to suit" for a big box retailer because the contract allowed them to walk away before the improvement would have been paid for. That would have been the first Wal*Mart outside of Arkansas. As I recall it would have been in southern Missouri.

      The working poor haven’t abdicated responsibility for their lives. They’re drowning in it. -Ezra Klein

      by bubbajim on Thu Nov 01, 2012 at 07:08:20 PM PDT

      [ Parent ]

      •  Thanks, bubbajim ... (1+ / 0-)
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        Sorry to hear about your dad, and glad he said no to Wal*Mart way back when. Thank him for me ...

        I like your sig, and the self-description of "evangelical ascetic." Am I dating myself to say I follow principles of voluntary simplicity?

        Everyone may love Warren Buffett, but not everyone loves Sheldon Adelson ... Foster Frieze ... the Koch brothers ... Steinbrenner ... Soros ... Bloomberg ... Ted Turner ... et al.

        I think Romney is a cheap chiseler, and I suspect he's good for more than 250 M. I suspect they settled on that figure by focus grouping it. It's enough to wow the rubes, but not so much as to put off those who don't trust the really super-rich.

        It's just one more thing you can't believe about Mitt ...

        •  you may well be right. (1+ / 0-)
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          But he sure has spent a lot of effort showboating if he wanted to avoid scaring the voters off.

          I think, like Trump, he's so insecure he can help bragging. If he's low-balling his wealth, you're right, it is because he has been advised to.

          Thank you for your sympathy.

          The working poor haven’t abdicated responsibility for their lives. They’re drowning in it. -Ezra Klein

          by bubbajim on Fri Nov 02, 2012 at 12:04:22 AM PDT

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