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I took it upon myself to view to the full interviews that Mitt Romney gave last Friday to discuss his noninvolvement with Bain Capital, and it raised a significant concern for me about the core values that make our nation great.

Romney smiled as he graciously explained that there is a difference between being "a shareholder - an owner, if you will" and being involved in the day-to-day management of an organization.

This is certainly true.  But what we have is Romney claiming that he was not involved "in any way" with Bain, and yet he was still holding the titles of CEO, President, etc.

This raises some significant questions about the leadership style that Romney would bring to the White House, as well as his views on the economy and the value of work.

By no means am I saying that Mitt Romney committed a felony, although that accusation was apparently enough to ruffle Romney's feathers and get the attention of the media.  I don't think anyone in the Obama campaign was accusing Romney of a felony, except to say that his signed, sworn statements aren't just some kind of off-hand remark.  He made them under penalty of perjury, so they are official legal documents.  What the Obama campaign was saying, clearly and concisely, is that Romney can't say one thing to one group (I wasn't involved "in any way") and then say another thing to another group (signing statements claiming his status as the CEO, President, etc., of Bain Capital).

Romney is clearly stating that being CEO doesn't mean any sort of actual responsibilities.  (Remember what Sarah Palin said about the difference between being a mayor and being a community organizer?)  He was a shareholder - an owner, if you will.

Whether he retroactively retired or took a leave of absence or packed his bags and said goodbye or... well, whatever he did, he didn't have any responsibilities.

And yet he was taking a six-figure salary plus the dividends and other compensation.

(We don't know how much he was actually getting paid because he won't release his tax returns, but that's another story.)

Romney is speaking the language of the ownership class.  He's the son of a governor, a child of privilege who graduated debt-free.  That's all good and well, but he doesn't have much experience with paying off loans.  (I'd say our President needs to know how to do that, wouldn't you?)  His way of thinking reflects an elitist mindset.  Other people will manage his affairs and do his work but he will own the company and pocket the profits.

In my humble opinion, the Obama campaign is right.  Romney isn't the solution.  He's the problem.

As a former Republican who now lives in the southern part of the United States, I've been raised to believe that wealth without work is a pathway to poverty.  I am troubled by the willingness of the ownership class to force others to pay their bills, clean up their messes, fight their wars, and make them look good.  I don't think that's what our Founding Fathers had in mind.  I think this country was founded by men and women who were sick and tired of being treated like second-class human beings by entitled lords and monarchs with outsized egos and no work ethic.

Rewarding those who shirk responsibility is not going to make the 21st century a great American century.

Originally posted to Benintn on Sun Jul 15, 2012 at 04:11 PM PDT.

Also republished by The Bain Files.

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Comment Preferences

  •  Tip Jar (20+ / 0-)

    Stop clapping. Stop screaming. Open your mind. Listen. (Oh, and I support President Obama in 2012.)

    by Benintn on Sun Jul 15, 2012 at 04:11:32 PM PDT

  •  Mitt admitted, when questioned in MA prior to his (10+ / 0-)

    election as Gov., that he returned from UT (olympics) to attend meetings, etc. His words, not mine.

    Then he turns around and said he didn't.

    Well, he either did or didn't. Can't be both.

    So, somewhere along the way, he got caught doing a no-no, lied and that lie is now back to haunt him.

    202-224-3121 to Congress in D.C. USE it! You can tell how big a person is by what it takes to discourage them. "We're not perfect, but they're nuts."--Barney Frank 01/02/2012

    by cany on Sun Jul 15, 2012 at 04:16:48 PM PDT

  •  I create nothing. I own. -- Gordon Gekko (6+ / 0-)

    The richest one percent of this country owns half our country's wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation. It's bullshit. You got ninety percent of the American public out there with little or no net worth. I create nothing. I own. We make the rules, pal. The news, war, peace, famine, upheaval, the price per paper clip. We pick that rabbit out of the hat while everybody sits out there wondering how the hell we did it. Now you're not naive enough to think we're living in a democracy, are you buddy? It's the free market.

  •  There is something to be said about his (3+ / 0-)
    Recommended by:
    yawnimawke, luckylizard, Buckeye54

    work ethic. I thought someone here posted a few days ago that in Mitt's final year as governor of MA, he was out of the state something like over 200 + days.

    This weekend he's back in NH hanging out on the lake. He was there all last week. I realize it's the summer, but his campaign appearances have been few and far between since the primaries ended.

    He had that so-called bus tour last month, but since then, he has really been missing in action on the campaign trail.

    The leisure life has taken hold right smack dab in the middle of the summer campaign season.


    •  he may look young but he is 65. So all that (2+ / 0-)
      Recommended by:
      New Dawning, luckylizard

      running around probably tires him out. We can't expect him to keep up with the President (who's merely 50). Come on now...

      I jest. But really Mitt's face does not match his body language and i think he is far older than he is and AND he looks. His body moves like a man much older than 65.

      Earth: Mostly harmless ~ The Hitchhiker's Guide to the Galaxy (revised entry)

      by yawnimawke on Sun Jul 15, 2012 at 05:22:17 PM PDT

      [ Parent ]

    •  GovMitt was absent from MA a lot the last 2 years (2+ / 0-)
      Recommended by:
      New Dawning, Buckeye54

      He was busy running around the country bad-mouthing Massachusetts while he was Governor of Massachusetts.  How is that for being a real class act?

      Typical Mitt.  For it before he was against it.

      As a Massachusetts resident, I can tell you a lot of people were not amused.

      Mitt had a very low approval at the end of his one term, and would have lost had he run for Governor again.

      "The battle, sir, is not to the strong alone; it is to the vigilant, the active, the brave." -- Patrick Henry

      by BornDuringWWII on Mon Jul 16, 2012 at 02:43:15 AM PDT

      [ Parent ]

  •  Ownership without obligation. That's the (3+ / 0-)
    Recommended by:
    DRo, flatford39, eXtina

    conservative ideal.  In part, that's because these people do not recognize their obligations and do not know how to give or repay what they've been given.

    It's my belief that social organization is a matter of give and take, reciprocal action.  However, some humans seem bereft of the capacity to remember what they've been given and have no sense of the need to give anything back.  They're predators, at base, and that may well be the default for people whose memory functions are inadequate.
    What causes it, I don't know.  I do know that very slight lesions on the frontal lobes can affect the brain's processing of short term memory, so that a young person can experience what we recognize as a not uncommon loss in the elderly affected by dementia. On the other hand, what we notice in the elderly, particularly what is known as confabulation, may just be an elaboration of behaviors that went unnoticed when they were in their prime.

    Then too, ownership has long served as a sop to compensate people for the fact that their human rights were severely curtailed, if not entirely ignored. Esau "sold" his birthright for a bowl of porridge, but I don't think his brother was faulted for not sharing his meal automatically. That the necessities of life have to be earned is not universally perceived as in conflict with the right to life.

    Willard's forte = "catch 'n' cage"

    People to Wall Street, "let our money go."

    by hannah on Sun Jul 15, 2012 at 04:47:10 PM PDT

  •  A clever friend of mine… (1+ / 0-)
    Recommended by:

    …instead of calling an acquaintance a "liar", once intoned that "their statements were not in concert with the facts." Romney's are definitely at wide variance with them. I'll leave it to him to conclude what I mean by that. Shouldn't be difficult for an uppity, Harvard lawyer elite.

  •  Ownership class disgusts the weekend FT (4+ / 0-)

    hidden in the house and garden section is an article about Lucrezia Reichland, the former director general of research at the European Central Bank.  She says straight up regarding the banking mess of 2008: "We missed it.  I take responsibility...In retrospect, the banks should have been better regulated; this is a story in which everybody is guilty."  

    And what has since happened to our repentant banker?  She's now chair of the London School of Business's economics department.  The FT's article was more about her newly-renovated house in Kentish Town in NW London...

    Buck up--Never say die. We'll get along! Charlie Chaplin, Modern Times (1936).

    by dizzydean on Sun Jul 15, 2012 at 05:16:58 PM PDT

  •  "I'll be president...CEO of the country... (0+ / 0-)

    but I won't be involved in the day to day operations of the country."

    He's looking more and more like Reagan all the time.

    Should make the base very happy.

    You know- small government and all.

    Growing old is inevitable...Growing up is purely optional

    by grannycarol on Sun Jul 15, 2012 at 06:20:10 PM PDT

    •  R-MONEY Fits Grover Norquist's prescription to a T (0+ / 0-)

      Grover wants a President who is only able to handle a pen to sign whatever the Repubs (presumably ALL Norquist acolytes) put in front of him.  Thinking is NOT part of that President's duties.  And deciding is strictly verboten.

      Sieg Heil, Norquist.

      "The battle, sir, is not to the strong alone; it is to the vigilant, the active, the brave." -- Patrick Henry

      by BornDuringWWII on Mon Jul 16, 2012 at 02:47:34 AM PDT

      [ Parent ]

  •  You can always tell when Rmoney is lying when (0+ / 0-)

    He starts to use too may gratuitous words and phrases, "Such as, like, the Iran... entities, or varmits, if you will."  He uses waaay to many unecessary words and sounds like Sarah Palin.

    That, and when his mouth is moving.

  •  By the way, Benintn, (0+ / 0-)

    You described yourself as a former Republican. May I ask since when you converted to the "former" part?

    •  Around 2004, the Abu Ghraib issue (0+ / 0-)

      was a real turning point for me.  I remain deeply concerned about the ethics of drone attacks, etc., but realize that Republicans in Congress blocked Obama from doing what he would like to do.  We need much, much better representation in Congress and I hope 2012 and 2014 can help us get better.

      Stop clapping. Stop screaming. Open your mind. Listen. (Oh, and I support President Obama in 2012.)

      by Benintn on Mon Jul 16, 2012 at 06:24:45 AM PDT

      [ Parent ]

  •  So many questions, so little time nt (0+ / 0-)

    "I'm sculpting now. Landscapes mostly." ~ Yogi Bear

    by eXtina on Mon Jul 16, 2012 at 09:39:11 AM PDT

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