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Paul Ryan in Danville, Virginia late this morning:

[Mitt Romney] has proven, through starting up small businesses, through turning around struggling businesses, through creating businesses we all know—Sports Authority, Bright Horizons, Staples—this is a person who is living proof, and experience, that knows that if you have a small business, you built that small business. That's the backbone of our economy.
Okay, it was absurd enough when they were simply claiming that President Obama had told small business owners that they didn't build their businesses. But to add to that fiction the idea that Mitt Romney is a small businessman? Ha! I can think of about 250 million reasons why that's the funniest thing I've heard on the campaign trail in a long time. And yes, among those reasons are a Swiss bank account, a Bermuda shell corporation, and a tax shelter in the Cayman Islands.

Who knows, maybe Mitt really does feel like a small businessman when he's hanging out with his NFL franchise or NASCAR team owning friends. Whatever the case, I'm looking forward to seeing them continue making this claim on the campaign trail.

Originally posted to The Jed Report on Fri Aug 17, 2012 at 10:04 AM PDT.

Also republished by Daily Kos.

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Comment Preferences

  •  Small is a relative term (9+ / 0-)

    In the world of Wall Street a business with a market cap below $100 million is a "small" business. What you and I would think of as a small business is now called either a micro or even a nano business.

    Romney's religion is only an issue because he's a high priest in the Church of Mammon.

    by ontheleftcoast on Fri Aug 17, 2012 at 10:08:17 AM PDT

    •  so what do we call my neighbor's 12 seat coffee (7+ / 0-)

      shop?  seriously.

      ecstatically baffled

      by el vasco on Fri Aug 17, 2012 at 10:16:01 AM PDT

      [ Parent ]

      •  Wall Street would call that a "nanobusiness" (5+ / 0-)

        It's bizarro world, obviously. But I think it was a pretty normal progression for them. They were running out of businesses they could lure into the market so they started finding different ways to divide and categorize them. Add in the fact that the really big companies got REALLY big and they ended up with the new terms.

        I think if we want to hit Romney on this distortion we need to keep hitting on the money from drug kingpins. And didn't he get a huge pile of cash from his parents to start? Those are things 99.99999% of "small" (or micro of nano) business folks don't have.

        Romney's religion is only an issue because he's a high priest in the Church of Mammon.

        by ontheleftcoast on Fri Aug 17, 2012 at 10:20:56 AM PDT

        [ Parent ]

    •  ha! thanks (2+ / 0-)

      I was just coming to ask if anyone had that stat.  I couldn't remember the exact figure.

      People think when Pols talk about the small businessman they are talking about Mom and Pop.  They are to a small extent, but as your figure shows thats a bit disingenuous.

      Also, I can kill you with my brain.

      by Puffin on Fri Aug 17, 2012 at 10:20:55 AM PDT

      [ Parent ]

      •  Yeah, I think they're more concerned about how (1+ / 0-)
        Recommended by:
        OldDragon

        much those "small" business owners will give them in campaign contributions. ;D If you're a real "mom and pop" shop you're not going to drop $100K or more on a political campaign so you can be pretty sure Romney/Ryan and the rest of the Republican party don't give a shit about those folks.

        Romney's religion is only an issue because he's a high priest in the Church of Mammon.

        by ontheleftcoast on Fri Aug 17, 2012 at 10:24:38 AM PDT

        [ Parent ]

      •  And when they speak of "farms" (1+ / 0-)
        Recommended by:
        NoMoreLies

        We all imagine  a Woody Guthrie song about scratching out a living with Forty Acres and a Mule.

        Of course they're being disingenuous ... when they speak of "Job Creators" they're talking mostly about fast-food franchise owners - and maybe the occasional independent chain of dry cleaners.

        When they talk about a 3% increase in the differential tax rate on  incomes over $250k being a horrible "punishment of success" --  we get a clear signal what kind of "small" business they're on the side of.

    •  Aha! So the Republicon focus on "small business" (2+ / 0-)
      Recommended by:
      Dr Erich Bloodaxe RN, NoMoreLies

      is actually what most of us would consider their devotion to big business. That explains quite a lot.

    •  He's owned plenty (4+ / 0-)
      Recommended by:
      ontheleftcoast, Isara, lcbo, Egalitare

      of small businesses!

      And then put them out of small business... but that's just semantics, by golly.

      Energy, Budget Tax cuts, Lift American Spirits

      by my pet rock on Fri Aug 17, 2012 at 10:30:30 AM PDT

      [ Parent ]

    •  America speaks English, not High Finance (1+ / 0-)
      Recommended by:
      NoMoreLies

      The term "Small Business" is already grossly abused by the GOP. Let's not buttress their deceptions.

      •  Well, many people think any business with (1+ / 0-)
        Recommended by:
        Quicklund

        just a few employees is a "small business" regardless of the amount of capital involved in it. The term is vague, at best. And more to the point, the Republicans twist the meaning of it to suit them. Attack Romney not for the "small" but for the shady finances he used to start his "small" business. That's what I think we need to focus on.

        Romney's religion is only an issue because he's a high priest in the Church of Mammon.

        by ontheleftcoast on Fri Aug 17, 2012 at 10:35:52 AM PDT

        [ Parent ]

    •  One of Olbermann's more enlightening... (0+ / 0-)

      ...segments: "Small in Name Only"

      When you are right you cannot be too radical; when you are wrong, you cannot be too conservative. --Martin Luther King Jr.

      by Egalitare on Fri Aug 17, 2012 at 10:41:33 AM PDT

      [ Parent ]

    •  Republican include what the IRS calls an "S-Corp" (2+ / 0-)
      Recommended by:
      Egalitare, ontheleftcoast

      as "small business." Here's what the IRS says an S-Corp is:

      To qualify for S corporation status, the corporation must meet the following requirements:

      -Be a domestic corporation
      -Have only allowable shareholders
          including individuals, certain trust, and estates and
          may not include partnerships, corporations or non-   resident alien shareholders

      -Have no more than 100 shareholders
      -Have one class of stock
      -Not be an ineligible corporation i.e. certain financial
          institutions, insurance companies, and domestic                       international sales corporations.

      Koch industries files as an S-Corp.

      Everybody got to elevate from the norm....

      by Icicle68 on Fri Aug 17, 2012 at 10:47:05 AM PDT

      [ Parent ]

    •  Re: Small is a releative term (0+ / 0-)

      $100 million, small?
      There's a whole other America going on out there.

      My new favorite blog is hilarious on this one.

      •  See the comment right above you from (0+ / 0-)

        Icicle68. If the Koch's can file as an S-Corp then the term "small business" has been distorted to the point of being meaningless.

        Romney's religion is only an issue because he's a high priest in the Church of Mammon.

        by ontheleftcoast on Fri Aug 17, 2012 at 11:12:14 AM PDT

        [ Parent ]

    •  The US "Small Business Administration" (0+ / 0-)

      The Small Business Administration defines "small business" based on either the number of employees and/or annual receipts.  The threshold for any business depends on the particular area of commerce involved.

      All of the quotes below are from the Code of Federal Regulations where the Small Business Size Regulations (13 CFR § 121) are specified.

      SBA's size standards define whether a business entity is small and, thus, eligible for Government programs and preferences reserved for “small business” concerns. Size standards have been established for types of economic activity, or industry, generally under the North American Industry Classification System (NAICS).
      The size standards themselves are expressed either in number of employees or annual receipts in millions of dollars, unless otherwise specified. The number of employees or annual receipts indicates the maximum allowed for a concern and its affiliates to be considered small.
      A coffee shop (el vasco's question) would, I assume, be classified as "Food Services and Drinking Places" and depending on the menu would be a "small business" if its annual receipts were less than $7 million (or maybe $10 million):
      Subsector 722—Food Services and Drinking Places

      722110    Full-Service Restaurants                          $7.0   
      722211    Limited-Service Restaurants                  $10.0   
      722212    Cafeterias, Grill Buffets, and Buffets      $25.5   
      722213    Snack and Nonalcoholic Beverage Bars   $7.0   
      722310    Food Service Contractors                      $35.5   
      722320    Caterers                                                  $7.0
      722330    Mobile Food Services                               $7.0
      722410    Drinking Places (Alcoholic Beverages)     $7.0

      I'm not sure what something like Bain Capital would be classified as, but it looks like it would only be a "small business" if its annual receipts were under $7 million:

      Subsector 523—Securities, Commodity Contracts, and Other Financial Investments and Related Activities

      523110    Investment Banking and Securities Dealing    $7.0   
      523120    Securities Brokerage                                       $7.0   
      523130    Commodity Contracts Dealing                         $7.0   
      523140    Commodity Contracts Brokerage                     $7.0   
      523210    Securities and Commodity Exchanges             $7.0   
      523910    Miscellaneous Intermediation                          $7.0   
      523920    Portfolio Management                                      $7.0   
      523930    Investment Advice                                            $7.0   
      523991    Trust, Fiduciary and Custody Activities             $7.0   
      523999    Miscellaneous Financial Investment Activities   $7.0   

      We must drive the special interests out of politics.… There can be no effective control of corporations while their political activity remains. To put an end to it will neither be a short not an easy task, but it can be done. -- Teddy Roosevelt

      by NoMoJoe on Fri Aug 17, 2012 at 11:05:34 AM PDT

      [ Parent ]

    •  LOL! Nothing says "small business" (0+ / 0-)

      like the words "leveraged buyout."

      I'll note that in the mid-aughts, Bain was not so "small" that it couldn't assist Edgar Bronfman Jr. in the takeover of Warner Music Group. A nice intimate cottage industry, that. Why, it's practically an indie label!

      Nothing requires a greater effort of thought than arguments to justify the rule of non-thought. -- Milan Kundera

      by Dale on Fri Aug 17, 2012 at 11:05:52 AM PDT

      [ Parent ]

  •  Yeah, that's the ticket! And I'm Queen Latifah (8+ / 0-)

    even though I'm white, can't act and am quite a bit older.  But yeah, that's the ticket.

    Andy's two-timin' tail run off wiff mah sig line!

    by nannyboz on Fri Aug 17, 2012 at 10:10:38 AM PDT

  •  Say anything (3+ / 0-)
    Recommended by:
    nannyboz, litho, ferg

    and do anything seems to be the way to act if your a republican

    -9.75, -7.49 "He that will not reason is a bigot - He that cannot reason is a fool - He that dares not reason is a slave." Sir William Drummond 1585-1649

    by zamrzla on Fri Aug 17, 2012 at 10:11:51 AM PDT

  •  that steaming turd of a lie? you built that... (6+ / 0-)

    Colorado has a much higher GDP than Utah because it is culturally superior

    by memofromturner on Fri Aug 17, 2012 at 10:12:51 AM PDT

  •  It's their bizare metric remember who else (5+ / 0-)

    Paris Hilton,Donald Trump, Martha Stewart etc

    are Small businesses.

    The 1st Amendment gives you the right to say stupid things, the 1st Amendment doesn't guarantee a paycheck to say stupid things.

    by JML9999 on Fri Aug 17, 2012 at 10:13:17 AM PDT

  •  Mitt was in the 'haircut' business. (3+ / 0-)
    Recommended by:
    annieli, litho, ferg
  •  He's dim, Jed! /nt (0+ / 0-)
    Okay, it was absurd enough when they were simply claiming that President Obama had told small business owners that they didn't build their businesses. But to add to that fiction the idea that Mitt Romney is a small businessman? Ha! I can think of about 250 million reasons why that's the funniest thing I've heard on the campaign trail in a long time. And yes, among those reasons are a Swiss bank account, a Bermuda shell corporation, and a tax shelter in the Cayman Islands.

    Don't roof rack me bro', Now the brown's comin' down; Präsidentenelf-maßschach; "Nous sommes un groupuscule" (-9.50; -7.03) "Ensanguining the skies...Falls the remorseful day".政治委员, 政委‽ Warning - some snark above ‽

    by annieli on Fri Aug 17, 2012 at 10:14:28 AM PDT

  •  So Mr Ryan, I'm curious... (3+ / 0-)
    Recommended by:
    litho, ferg, NoMoreLies

    How big does a business have to be before you finally start calling it a "big business?"  $1 billion in assests?  $2 billion?  Does anything except McDonalds and Microsoft qualify?

    All your vote are belong to us.

    by Harkov311 on Fri Aug 17, 2012 at 10:15:55 AM PDT

  •  I wonder how many employees (2+ / 0-)
    Recommended by:
    Leap Year, NoMoreLies

    Bain has.  Is it more than 50?

    According to Wikipedia, it had over a hundred employees -- and assets of $4 billion -- at the end of the 1990s.

    Yep, just like the mom and pop grocery selling lottery tickets on the corner...

    Give me your tired, your poor, Your huddled masses yearning to breathe free
    ¡Boycott Arizona!

    by litho on Fri Aug 17, 2012 at 10:17:10 AM PDT

  •  Romney created Staples? (1+ / 0-)
    Recommended by:
    Leap Year

    News to Staples, I'm sure.

  •  If, by small, you mean not creating any jobs... (3+ / 0-)
    Recommended by:
    Leap Year, annieli, klamothe

    ....but raking in tons of cash.

    If Obama didn't get Bin Laden because he didn't pull the trigger; then Bin Laden didn't take down the World Trade Center because he didn't fly the planes.

    by Bush Bites on Fri Aug 17, 2012 at 10:19:49 AM PDT

  •  boy i'm sure (1+ / 0-)
    Recommended by:
    ferg

    glad i never threw away my waders because the bs is getting so deep i might need them after all.

  •  Is it just me, or does Paul Ryan sound just like (2+ / 0-)
    Recommended by:
    Leap Year, klamothe

    A whiney, overconfident, spoiled teenager.

    "The Internet is the Public Square of the 21st Century"- Sen. Al Franken

    by Kdoug on Fri Aug 17, 2012 at 10:20:24 AM PDT

  •  this is actually pretty smart, albeit (2+ / 0-)
    Recommended by:
    Leap Year, Quicklund

    completely disingenuous.

    To people who believe everything the Romney campaign has said so far, this makes perfect sense.

    It has the necessary ingredients:
    1.  the words small business
    2.  the names of familiar big businesses (we all know Mitt was the man who single-handedly turned Staples and Sports Authority into the industry giants they are today, right?)
    3.  Impossible-to-miss reference to the lie about Obama saying small business owners did not build their businesses.

    Pretty sure Danville is already friendly territory.
    Let's see him bring that crap up here to Arlington.

    "I think in America, the opposite of poverty is justice." Bryan Stevenson

    by gfre on Fri Aug 17, 2012 at 10:21:12 AM PDT

  •  Mittens founded Staples? (5+ / 0-)

    That line is such a load of crap it's pathetic.  Why don't we ask the actual founders of Staples,  Leo Kahn and Thomas G. Stemberg how involved Bain and Romney were?  Can the MSM for the love of all that is holy please call these asshats out for their blatant lies??

    "Life is an occassion. Rise to it." Mr. Magorium - Mr. Magorium's Wonder Emporium

    by Angry Pilgrim on Fri Aug 17, 2012 at 10:22:45 AM PDT

  •  Small business? (3+ / 0-)
    Recommended by:
    Mike Kahlow, Quicklund, shopkeeper

    I'm not much of a commenter, but couldn't let this one go.  my last job in the corporate world (I'm now a self-employed CPA working with real live small businesses) was at Bain (late 80s).  At that time, my guess is that there were 250-1000 employees.  I worked in the administrative, rather than consulting side.  

    The culture there was the anthithesis of a small business; it was very corporate, very button-down.  I never met Mitt Romney, but I can also say that the icon there was not Mitt Romney, but Bill Bain, whose name the company has.  It was his ideas, his contacts that built the business.  If it was Romney's company, why isn't the name "Romney and Company"?  Romney was a member of a committee that ran the company - a committee of 5 or 6, I believe.  In other words, he can only take so much credit for its success (all of this is public information, so I don't mind repeating it).

  •  hard-hitting FT piece on Romney/Bain union-busting (3+ / 0-)
    Recommended by:
    word is bond, NoMoreLies, sharman

    On the front page of the Financial Times today.

    http://www.democraticunderground.com/...

    Devastating quotation:

    "'The anti-union activities in this case  are not merely unfair labor practices ... but blatant, grievous, wilful, deliberate and repeated violations of the Railway Labour Act,' Roger Foley, federal udge for the District of Nevada, wrote in 1992."

    •  Full FT Investigative piece on Romney (1+ / 0-)
      Recommended by:
      sharman

      If you are able to get to it, please see  "Romney's take-off" on Page 5 of Friday, August 17, 2012 issue of Financial Times (USA). A nearby library may have a copy of the paper version.

      FT's Speed Read: "Bain partners including Mitt Romney bought Key Airlines for $5m in 1983 in a debt-financed deal. Some Key pilots tried to form a union in 1985 and a federal court ruled their management had unlawfully suppressed their efforts. Now running for the White House, Mr. Romney says that US workers have a right to join a union...."

      An entire page devoted to the shameful business practices of Romney and his associates.  They "ultra-leveraged" a pump and dump of Nevada's Key Airlines Company. The "debt-financed" deal had the airline owners borrow the $5 million purchase price, so that the airline paid for Bain to acquire it.  A name also in the Bain cabal is Meg Whitman.

  •  and let's not forget the Small business (1+ / 0-)
    Recommended by:
    word is bond

    that were decimated by Staples....Lots and lots of home town
    Office supply dealers.

  •  Small businesses are the ones that (2+ / 0-)
    Recommended by:
    this just in, NoMoreLies

    my counties economic development fund loans money to.

    The local malt shop. The local tile shop. The local baker. The auto mechanic and towing company. The local hardware store. The dance, martial arts, and wrestling schools in the upstairs rooms downtown.

    Men and women who are trying to meet a need in our local community.

    MegaBox corp (Staples etc.) are not small businesses.

  •  if he'd said Romney was (2+ / 0-)
    Recommended by:
    annieli, lcbo

    a small person, I would have agreed with him.

    Romney started a "small business' by raising tens of millions of dollars from death squads.   The lie goes so deep about what a small business is.  Less than 500 employees, less than tens of millions in revenues, etc., etc.

    Small businesses,  one guy, his wife helping out some, maybe when he's successful, three to five employees, maybe later one of the kids joins him.   The really successful ones grow to a few dozen employees, maybe fifty.   They make a good income,  serve their communities on boards, and everyone shake's their hand when they eat at a local diner.  Those are small businessmen who run small businesses in America.   Stores and factories in multiple states 500, a thousand employees, that's a big business.  Just look at IRS statistics broken down by employee numbers, etc, a tiny percentage of the whole.  The multinationals, fifty, hundred, three hundred thousand employees, the blue whales of the business world.

    And the Mitt Romney's, the money changers, launderers, concigliere's, they make money move, and multiply and circumvent the rules and create tax havens, and take a cut coming and going.   They don't run businesses at all.

  •  World Businessmen Think Obama Is Better (1+ / 0-)
    Recommended by:
    sharman

    World Businessmen Think Obama Is Better For The World Economy: Poll

    Business executives around the world say the global economy will prosper better if incumbent President Barack Obama wins the next election than if his Republican challenger Mitt Romney does, a poll showed on Friday.

    Democrat Obama was chosen by 42.7 percent in the 1,700 respondent poll, compared with 20.5 percent for Romney.

  •  Oh he is a SMALL MAN... (3+ / 0-)
    Recommended by:
    klamothe, cassandracarolina, lcbo

    Business thingy excluded.

    One of the most ridiculous lies the GOP has told since the election of our first black president....and certainly the election of our first black president has driven them to tell some ultra-ridiculous whoppers...

    .....is the lie about small businesses.

    They attempted (and of course no one in the msm called them on it) to label ALL privately-owned businesses as small businesses, with no regard for the folly of that position, and no regard for actual small businesses who actually 'built that'.

    They had the temerity, maybe a year ago, to label even the KOCH BROS energy congloms as small businesses, simply on the basis that they were privately-owned.

    Beyond pathetic.

    Aldus Shrugged : The Antidote to Ayn Rand. @floydbluealdus1

    by Floyd Blue on Fri Aug 17, 2012 at 10:26:50 AM PDT

  •  That's Nothing. (2+ / 0-)
    Recommended by:
    cassandracarolina, citizen dan

    I'm a former Miss America and an NY Times Bestselling author.  Also, I worked for several years with Mother Theresa, speak seven languages, and play the oboe.

  •  'small' is determined by (1+ / 0-)
    Recommended by:
    lcbo


    the type of business it is.  In general, a 'small' business is one that employs less than 100 people and has revenues of $1 million or less.  There are, however, some businesses that can be viewed as 'small' despite assets of $10-15 million, and those are businesses in the agricultural or heavy equipment business which handles assets which themselves cost hundreds of thousands of dollars.  However, an investment banking firm with $100 million in assets could not by any stretch of anyone's imagination (besides Ryan and Rmoney's, that is) ever be called a 'small business.'

    "Kossacks are held to a higher standard. Like Hebrew National hot dogs." - blueaardvark

    by louisev on Fri Aug 17, 2012 at 10:30:32 AM PDT

  •  They are still trying to define Bain? lol (3+ / 0-)
    Recommended by:
    this just in, shopkeeper, lcbo

    "Rick Perry talks a lot and he's not very bright. And that's a combination I like in Republicans." --- James Carville

    by LaurenMonica on Fri Aug 17, 2012 at 10:30:43 AM PDT

  •  Actually, this explains a lot (5+ / 0-)

    Mister Mittster started out as a humble woodworker in a modest shop his father's money bought for him. But he was lonely. So he carved for himself a wooden boy. one magical night the wooden boy came to life, chiseled off its own nose, killed the real Mitt Romney, stole his hairpiece and his identity, and is now campaigning for POTUS under the GOP ticket.

  •  Investors don't build businesses. They put money (3+ / 0-)
    Recommended by:
    cassandracarolina, NoMoreLies, lcbo

    in them.

    The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt. Bertrand Russell

    by accumbens on Fri Aug 17, 2012 at 10:31:56 AM PDT

  •  here is the SBA explaining better than I could (2+ / 0-)
    Recommended by:
    this just in, NoMoreLies


    http://www.sba.gov/...

    SBA defines a small business concern as one that is independently owned and operated, is organized for profit, and is not dominant in its field. Depending on the industry, size standard eligibility is based on the average number of employees for the preceding twelve months or on sales volume averaged over a three-year period. Examples of SBA general size standards include the following:
    •    Manufacturing: Maximum number of employees may range from 500 to 1500, depending on the type of product manufactured;
    •   Wholesaling: Maximum number of employees may range from 100 to 500 depending on the particular product being provided;
    •    Services: Annual receipts may not exceed $2.5 to $21.5 million, depending on the particular service being provided;
    •    Retailing: Annual receipts may not exceed $5.0 to $21.0 million, depending on the particular product being provided;
    •    General and Heavy Construction: General construction annual receipts may not exceed $13.5 to $17 million, depending on the type of construction;
    •    Special Trade Construction: Annual receipts may not exceed $7 million; and
    •    Agriculture: Annual receipts may not exceed $0.5 to $9.0 million, depending on the agricultural product.

    "Kossacks are held to a higher standard. Like Hebrew National hot dogs." - blueaardvark

    by louisev on Fri Aug 17, 2012 at 10:32:17 AM PDT

    •  These seem to be fairly loose standards (0+ / 0-)

      500-1000 employees marks it at least a medium size business. An employer of that size has the ability to make or break just about any town with a population under 20,000.

      Trickle Down Economics 101: They get the golden parachute, we get the golden shower.

      by NoMoreLies on Fri Aug 17, 2012 at 10:53:56 AM PDT

      [ Parent ]

  •  Ryan's words are a gift worth exploiting (1+ / 0-)
    Recommended by:
    this just in

    Republicons have used the "small business" talking points as far back as I can remember. Their whole economic agenda is defined in terms of what is good for "small business". I suppose they discovered this plays well with a large part of the population: people who consider themselves small businessmen (even farmers and doctors), people who hope someday to start a small business, and people who work for a small business.

    What if all these people suddenly came to find out that they are not the "small business" people the Republicons have been talking about all along.  When they discover that national chains are the "small businesses" they've been hearing about, the entire Republicon message will be undermined.

    •  On top of which (0+ / 0-)

      you never hear them supporting legislation limited to helping small business, of any definition.  You'd think, if they believed in their Job Creator nonsense, that it's the Masters of the Universe we should be feeding, to fix the economy, they wouldn't keep hiding behind the Small Business lie.

  •  AT LEAST $250 million...probably closer to $800 m. (0+ / 0-)

    Remember, the disclosures only say "above $250 million", such as they area. I've heard from some quarters the actual number for Romney's fortune is around $800 m, plus or minus a secret bank account or two or three hundred.

    Some people are intolerant, and I CAN'T STAND people like that. -- Tom Lehrer

    by TheCrank on Fri Aug 17, 2012 at 10:35:43 AM PDT

  •  No Mitt you are NOT a businessman (4+ / 0-)

    You are an INVESTOR.

     Just look at your tax return for 2011.

     Business owners like me WORK in our businesses.  That means we take home a salary.  

    You took home capital gain, that means you are an investor.

    Oh, that was just in 2011?  It was different in prior years?  Prove it.

    Newt Gingrich: Believes marriage is between one man and a series of ever younger women. Wife #1 born ~ 1936, divorced when in her mid-40s...Wife #2 born ~1947, divorced when in her mid-40s...Wife #3 born ~1966.

    by trillian on Fri Aug 17, 2012 at 10:36:07 AM PDT

  •  If I am reading this correctly (4+ / 0-)

    It seems to me that the Romney campaign is saying to the real entrepreneurs that started Staples, Sports Authority, etc. that "THEY DIDN"T BUILD IT" but rather that Romney somehow did.

    I wonder how they feel about this?   This is way worse than  even the out-of-context sound-byte they have of President Obama.   They are actually claiming that Mitt is responsible for starting these companies and not the real men and woman who, you know, actually started them.

  •  Mitt Romney (1+ / 0-)
    Recommended by:
    cassandracarolina

    eats small businessmen. With fava beans.

  •  And Paul Ryan is someone who knows quite a bit (0+ / 0-)

    about what running a small business is all about!

    "Well, yeah, the Constitution is worth it if you succeed." - Nancy Pelosi // Question: "succeed" at what?

    by nailbender on Fri Aug 17, 2012 at 10:42:55 AM PDT

  •  Small = the number of employees at Bain (0+ / 0-)

    There's lots of ways to spin "small." I'd say: Bain wasn't a big corporate entity, meaning it didn't have a bazillion employees - just about 400 people.

    They can run lean because they don't directly run operations, customer service, manufacturing, etc. They just run the running, unless they're just running it into the ground.

    General comment: More INFOGRAPHICS please!

    "We need, in every community, a group of angelic troublemakers..." -- Bayard Rustin

    by BK here on Fri Aug 17, 2012 at 10:46:35 AM PDT

  •  Ryan: Mr. Bain is a "small" businessman... (0+ / 0-)

    Please, do we really need to bring his "shortcomings" into this discussion?  ;)

    "The right to be heard does not automatically include the right to be taken seriously." -- Hubert H. Humphrey

    by Candide08 on Fri Aug 17, 2012 at 10:46:36 AM PDT

  •  If Bain is a small business (1+ / 0-)
    Recommended by:
    NoMoreLies

    my new little business couldn't be found without the aid of a scanning electron microscope

    Some drink deeply from the river of knowledge. Others only gargle. -- Woody Allen

    by cassandracarolina on Fri Aug 17, 2012 at 10:47:23 AM PDT

  •  He's back in VA? (1+ / 0-)
    Recommended by:
    sharman

    They made the VP announcement in Virginia, and Ryan's back in Virginia already?  Their internal numbers for the state must be pretty dire.  Danville is a deep deep crimson area of the state, from what I recall.  Fairly close to the NC border.  If they need to drum up the numbers there they're in deep trouble.

    This may be an attempt to stem bleeding from the right, since the Constitution Party is running Virginian Virgil Goode.

    In any case, it's a clear sign that they are not winning.

  •  Does Ryan read (0+ / 0-)

    Small Businessman Magazine?

  •  Mostly, it's a taxation category, as was (1+ / 0-)
    Recommended by:
    NoMoreLies

    Mrs. Romney's reference to giving 10% to "charity."  A lot of these people live and die by the tax code.  It contains all the social obligations they seek to avoid.

    It should be noted that giving gifts to people by canceling the debts they owe to your employer is at least 2000 years old.  
    The Parable of the Unjust Steward tells us all about him
    Luke 16: 1-13

    Willard's forte = "catch 'n' cage". He's not into "catch and release."

    by hannah on Fri Aug 17, 2012 at 10:50:40 AM PDT

  •  Paul Ryan, Bain Capital isn't a small business! (0+ / 0-)

    There's a certain woman in Fort Atkinson, Wisconsin, which is only several miles outside of your district, who owns an actual small business. Her name is Lori Compas, and she's endorsed the guy that's running against you for Congress, Rob Zerban!

    Paul Ryan, Mitt Romney is no Lori Compas.

    Joe Lieberman, Mike Madigan, Andrew Cuomo, and Tim Cullen...why are they Democrats?

    by DownstateDemocrat on Fri Aug 17, 2012 at 10:56:28 AM PDT

  •  What'e even funnier is doing it in Danville (1+ / 0-)
    Recommended by:
    sharman

    Danville Virginia and Virginia Beach Virginia (about 70%  plus millitary residents) were the places that Oliver North won in his 1988 Senate race.

    Danville is a big small town....ultra-conservative.  The question why campaign where no one lives and those that do are voting for you anyway....unless you need to sell "enthusiastic crowds welcomed the presumptive GOP VP nominee".  He was at his Alma Mater the other day.....uh what is Romney afraid of?  Perhaps its preconvention backlash from "independent" and "undecided" voters to make the Ryan pick fall apart.

    If Ryan is going to play the "BASE" player then Romney will have to take the lead going to unfriendly locations.... getting heckled, changing bus routes and stops, etc.

  •  Businesses getting infusions from Bain (0+ / 0-)

    are exactly like patients in major hospitals not only getting infusions, but also hooked up to other telemetry devices monitored by trained staff, while they're also monitored directly by doctors. What is "small" about any part of such a setup?

    These stinking Republicans know full well how deeply networks of capital, bureaucracy and power run and how they are integral to business development, growth, etc. They are propagandists for nothing more than that same business growth and capital flow--and yet they insist on portraying to the press and to the ignorant broke-ass goobers of their electorate (never to the educated country-club set, which knows better) that every successful business comes into the world fully formed and with minimal dependence, like Athena from the head of Zeus.

    What cynical, ugly horseshit...

  •  Kind of like when they say "small indie film" (0+ / 0-)

    ...when it has big Hollywood stars and a multi-million dollar budget.

  •  Ryan is dumb, ignorant about the (0+ / 0-)

    "you built it yourself" bullshit.  Not even Jesus built the Christian church all by himself.   There were the twelve boys and then 70 more without whom there could have been no start up church.  But Ryan thinks bishop Romney can do better than Jesus.  No one does anything entirely on his own, except self manipulation.

    •  and don't forget the women (0+ / 0-)

      Jesus and the whole movement thing wouldn't have gone anywhere without Mary Magdalene, Mary and Martha, the Samaritan woman at the well, and of course the first Mary his mother.

      I don't know if the Mormons read those sections. The Catholics are pretty keen on the Mary piece but not so much on the others.

  •  Why They Chose Ryan (0+ / 0-)

    while it is still too early to say anything definitive about the choice, you can't help wonder whether his advisors sat in a room and felt they had to address Romney's weakness on Medicare.  I know they are saying this was all Romney's choice.  They have to say that.  To admit he was listening to his advisors is an acknowledgement that he is a bad leader who made a bad decision as a result of being too dependent on the opinion of others.  I think the decision was made that the election is going to be decided on who has the most enthusiastic voters on their side.  They saw that for their base 'Obamacare' is their most important issue - more than the deficit.  

    Maybe his inner circle have decided that there really is no undecided vote up for grabs or at least that it is more important to get the base pumped up.  I really suspect that.  I think the Ryan choice is simply an admission that the extra money advantage the Republicans have is going to keep the vote close.  Then the decision to pick Ryan is about keeping the base enthused enough to go out and vote in November.  The assumption supposes I think that their only advantage is voter enthusiasm.  

  •  Now we know what they mean... (0+ / 0-)

    when they tell us they are looking out for "small businesses." Everything makes perfect sense now.

  •  Interesting to note (1+ / 0-)
    Recommended by:
    sharman

    The turnarounds at Staples and Sports Authority occurred after Gov Romney retroactively retired from Bain.

  •  Staples is a small business? (0+ / 0-)

    Huh. Last time I checked they were classified as a big box store that has hundreds of locations. Some small business...

  •  Mitt a small businessman? (0+ / 0-)

    He's a small, mean man, sure, but it's businessman that I take issue with.

    16, Progressive, Indian-American, Phillies Phan. Obama/Om/Chase Utley

    by vidanto on Fri Aug 17, 2012 at 07:05:51 PM PDT

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