[jeffkrol]

Ann Romney has told us we have all we need to know. Ann Romney on tax returns: 'We've given all that people need to know' Well, with that statement, I guess we do.

I heard it was "we've given all you people need to know..........

“We’ve given all you people need to know and understand about our financial situation and how we live our life,” she added later.

Tithing, or handing over 10 percent of your income, is required by the Mormon Church. In the past two years alone, the Romneys have given $1.5 million and $2.6 million to the church, respectively, according to the tax returns they’ve already released. Overall, they gave $7 million to charity in 2010 and 2011, which is more than the $6.2 million they paid in federal taxes over the same time.
Ann Romney also echoed Mitt Romney’s response to ads from Barack Obama’s presidential campaign criticizing the company Romney founded, Bain Capital, for investing in companies that outsourced jobs.
“I’m not disappointed,” she said. “I’m not surprised. I believe it was beneath the dignity of the office of the president to do something as egregious as that.”

While the DNC felt the need to apologize for an ad using Ann’s dressage horse to illustrate her husband’s alleged “dancing” around the issue, Romney laughed it off during the interview and went on to predict victory for her husband.

Ann Romney: We've 'given all you people need' - POLITICO.com

Read more: Ann Romney: We've 'given all you people need' - POLITICO.com

I need to see that ad....

[Nesster]

You mean the dancing horse? It is pretty funny.

Last night on Comedy Central they were broadcasting the ad where Mitt sings America, and various critical headlines flash over it...

Dirty, funny, and effective.

[GeneV]

I heard it was "we've given all you people need to know..........

Ann Romney: We've 'given all you people need' - POLITICO.com

Read more: Ann Romney: We've 'given all you people need' - POLITICO.com

I need to see that ad....

That is a more accurate quote. "We people" just need to eat cake.

[Nesster]

With all due respect, I believe she meant you press by you people. Because, we people would not want or need to see any of this, it's all the political press that's doing it.

[GeneV]

With all due respect, I believe she meant you press by you people. Because, we people would not want or need to see any of this, it's all the political press that's doing it.

And they are just doing it for their own amusement, not because we would be interested.

I'll just eat my cake now and shut up. Sorry to bother you Mrs. Ann-Toinette.

[jeffkrol]

With all due respect, I believe she meant you press by you people. Because, we people would not want or need to see any of this, it's all the political press that's doing it.

No matter the reason it is always a phrase open to interpretation... and is rarely considered neutral...

[John Houle]

Well, I'm beginning to follow the logic here. Romney's company outsourced some jobs to somewhere. China? Korea? Mexico? Vietnam? Apparently he invented outsourcing. Bad. Bad for America. Bad for American workers. And we know that every other US company of any significance, and even lesser ones, outsource manufacturing and services. Apparently Mitt led American industry down that dark road. Mitt must be responsible for most of the unemployment in the United States, I figure. Even if he's not a felon, as an Obama aide suggested, he must be one nasty man.

But I'm gonna try to do my part to improve things. I've been thinking, maybe I shouldn't be buying products like Pentax cameras and lenses. I'm looking for some photo equipment made here in the USA. ..... Still looking. Damn that Romney! Most all photo stuff is made in Asia and Europe.

I hope Romney doesn't start talking to farmers! We could be outsourcing our crops next! Gee, actually that has already started. So do you think the housing industry may be next? Build them in Asia and ship em over here. It's amazing how much devastation just one guy brought down on our country.

The good news? The last I heard, no one is outsourcing community organizers. But give Mitt a little time to work on that one! : )

[jeffkrol]

Investor’s Business Daily urges Romney non-disclosure - Erik Wemple - The Washington Post

IBD..

The Erik Wemple Blog requested an interview with Investor’s Business Daily but didn’t get a call back. So we passed along these questions:

1) Many papers have editorialized in favor of more openness on this tax-return controversy, which appears to be a natural position for a newspaper. Did you folks consider the dynamic of having your paper calling for less transparency?

2) The editorial suggests that the opposition would seize on all the resulting documents. Is that a suggestion that Romney wouldn’t be able to fight back, or just that the media would hop on the story and never get off?

3) Has IBD ever before argued for the non-disclosure of information in a high-profile controversy?

Editor Wes Mann sent along this very fun note:

We don’t have the time to respond to leading questions such as these. The editorial speaks for itself. Thanks for your interest, however

.

[seacapt]

Gene - you sure seem to have alot of hate going for Romney , not your usual style.
Do you do much bankruptcy work?

[GeneV]

Gene - you sure seem to have alot of hate going for Romney , not your usual style.
Do you do much bankruptcy work?

Ken, I don't know what you are talking about.

[jeffkrol]

for some.. it's good to be unemployed......
Mitt Romney Made Over $25 Million In Foreign Income While Governing, Campaigning

The 2010 return lists foreign tax payments Romney made dating back to 2000. By Romney standards, the payments were modest through 2004, averaging $37,000 a year. In 2005, however, his foreign tax bill shot up to $333,149 and stayed high for the next three years, before dipping in 2009, as the financial crisis hit hard.

In 2010, Romney's foreign tax bill was down to $67,173 on declared foreign income of $1,525,982. That's a 4.4 percent rate. After expenses and various other deductions, Romney declared a net foreign income of $392,000, making his net tax rate 17 percent.

Because the presumptive GOP presidential nominee has so far declined to release his earlier tax returns, HuffPost made a rough calculation of his prior foreign earnings by assuming he paid similar tax rates in previous years.

Using that analysis, paying $333,000 in taxes would translate into gross foreign income of $7.5 million in 2005, or net income of $1.9 million. Even using the much-reduced net income figure, Romney would have earned $7 million in foreign income from 2005 to 2010.

Romney was elected governor of Massachusetts in 2002 and served a four-year term, during which time he took no paycheck from the state. He began running for president while still governor and continued until early 2008. On the campaign trail in 2011, he joked with a Florida voter that he was unemployed.

But unemployment for Romney looks a lot more lucrative than it does for most Americans.

"That may be one of the reasons they don't want to release the returns ... they don't want people to see that income," said Rebecca Wilkins, an attorney with Citizens for Tax Justice.

Romney and Bain Capital, the private equity firm he founded, have profited by setting up offshore investment vehicles and shipping American jobs overseas. The money from those activities has continued to flow to Romney long after he claims to have retired in 1999 from Bain, as evidenced by his tax returns.

One Bain investment that has been profitable for Romney, for example, is Sensata Technologies. The company is planning to shutter its Freeport, Ill., factory by November and move production to China. The soon-to-be-unemployed workers have pleaded with Romney to use his influence over Bain to stave off the closure. Romney has so far declined to do so.

Instead, Romney has transferred $170,000 worth of Sensata stock he owns to a charity he controls, a move that gave him a sizable tax deduction.