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Romney
By Naureen Khan

Republican Governors to Romney: Release Tax Returns, Offer More Specifics

WILLIAMSBURG, Va.—The nation’s governors have a host of their own problems to worry about—that pesky Medicaid expansion for example—but that doesn’t mean they’re not keeping a close eye on 2012’s biggest ticket: the presidential election.

Asked on the sidelines of the National Governor’s Association annual meeting about their diagnosis of Mitt Romney’s campaign, the Republican governors had all kinds of advice for the candidate who comes from their ranks, from release-those-tax-returns-already to give-us-more-specifics.

Despite the Beltway buzz and grumbling from some conservatives that the former Massachusetts governor has not been nimble or aggressive enough in responding to the Obama team’s attacks, many of the Republican governors here said Romney had hit on an economic message that voters in their states wanted to hear, and lauded his progress.

“I believe he’s moving down the right road, going in the right direction. Is he where he needs to be? No. But can he get there? Yes,” said Utah Gov. Gary Richard Herbert, referring to Romney’s numbers in several swing states, where he is trailing President Obama. “He’s come a long way since when he first ran four years ago and right now, in a dead heat with a current incumbent president who has all the powers of incumbency.”

Herbert added, indignantly, “”I was in Utah when he was running the Olympics! He wasn't running Bain Capital.”

Despite another mediocre jobs report released this month, the political debate of the past week has been consumed with the question of how involved Romney was in the investment firm from 1999 to 2002, when Bain was investing in firms that outsourced jobs. Romney was on at least a partial leave of absence to run the Salt Lake City Olympics during that time. Filings to the Securities and Exchange Commission show that he was still the owner, chairman, CEO and president of Bain, but he says he wasn't managing the firm’s investments.

A series of media reports about Romney’s role and withering, relentless attacks by the Obama campaign prompted Romney to respond more forcefully than he has against past charges. He went on a media blitz Friday, doing a series of interviews on network television and demanding an apology from the Obama campaign for saying he had lied about his Bain involvement. Instead, the Obama campaign upped the ante Saturday with a potentially powerful new ad focused on outsourcing and the offshore tax shelters Romney listed on his 2010 tax return, the only one he has released so far.

Alabama Gov. Robert Bentley found himself in hot water for perhaps a little too much candor when he said Romney would do well to release more tax returns, as Democrats have demanded in recent weeks. “I think he ought to release everything. I believe in total transparency,” Bentley told reporters. “You know if you have things to hide, then you may be doing things wrong.”

Bentley added, however, that the Obama campaign's focus on outsourcing was a diversionary tactic that voters would see through. “I do believe the Obama campaign is trying to cloud the issue by talking about Bain Capital because they don’t want to talk about 8.4 percent unemployment and I wouldn’t either!” Bentley said (slightly inflating the June jobless rate, which was 8.2 percent). “If I were them, I’d be talking about all the other things too.”

At NGA—no surprise here--there was a blanket condemnation of the Democratic attacks from the Republican governors. “At the end of the day, people are going to reject that kind of nasty, negative campaign coming from the president of the United States,” said Iowa Gov. Terry Branstad.

The GOP governors said the sniping between the campaigns is irrelevant to people who are hurting for jobs, looking for a speedier recovery, and worried about the nation’s debt. “This fuss we see over this is just not the headline it apparently is inside the Beltway,” said Wyoming Gov. Matthew Mead. “If you ask people what they’re concerned about, they’re concerned about the future of our kids and our grandkids, they’re concerned about the national debt.”

Mead added that Romney had been quick to respond to the Bain attacks, a promising development. “Gov. Romney has made clear when he did these things and when he was in charge of Bain Capital and when he was not,” Mead said. “It’s a bit of a red herring in the sense that you’re talking about somebody that was in the private sector creating jobs and if you want to bring up that contrast, I think he compares quite well with President Obama.”

When asked about whether the Bain attacks had the potential to be damaging in his swing state, full of the white, blue-collar voters among whom they might have the most resonance, Pennsylvania Gov. Tom Corbett deflected. “I’m not doing surveys of the people of Pennsylvania,” he said. “You’re doing that. I’m much too busy to be doing those surveys.”

Some of the governors did say they would like to see more specificity from the Romney campaign as the election cycle moves toward the conventions. “It is not just enough to say repeal Obamacare, it’s repeal and replace it with what?” Herbert said. “I know governors are talking about that on the Republican side of the aisle, and we’re talking about it in Utah.”

Wisconsin Gov. Scott Walker, who last month survived a recall election provoked by his moves against public employee unions, encouraged Romney to follow in his mold and campaign as a bold, budget-balancing crusader. Voters were just beginning to receive a clearer economic message from him, Walker said. Now, they need more details on the budgetary end.

“For him to do well, the R next to his name has to stand for more than just for Republican, it has to stand for reformer,” Walker said. “We got significant swing votes, independents, even some discerning Democrats voting for me because they like someone who’s willing to take on the tough issues facing our state.”

CORRECTION: A previous version of this story omitted the Utah governor's first name. He is Gary Richard Herbert.

 

 

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Send Comments ASKFMB OPINION

Today is

What Does Romney Fear Revealing About His Huge Wealth?

 

4 Years ago, Mitt Romney provided 22 years worth of tax history to McCain, but today, he seems to fear revealing his income tax history, even with all the pressure from both sides of the political isle.

Republicans now know that Romney is becoming a huge issue, and the appearance that he is hesitant about providing at least 10 years or tax history is creating a huge thunder cloud over the immediate Presidential battle, a  battle that President Obama is winning, so long as Mitt appear to be hiding something.

What could cause Romney to Hesitate?

His True Wealth Value:  The current climate of the Rich against the Poor is a destructive tornado sweeping across the world with continued stories of the Rich getting Richer and the poor becoming more poor.

The recent instancea of huge businesses being caught stealing or the manipulations for their financial benefit are part of a daily read, with the most recent being Visa & Master Card being charged $6.7 Billion for fixing fees,
Barkleys Bank of England caught fixing interest rates paid between banks and the U.S. Justice department threatening criminal charges for U.S. banks caught doing the same,
Jamie Dimon of JP Morgan, receives his million dollars in bonuses even after the company got caught up in what was reported as a $2 billion dollar trade loss, but now is being reported as a $6 to $7 billion dollar trade loss, happening 3.5 years after Bush walked out of office with the financial industry in a complete collapse,
and I can go on.......

How about Romney's Off Shore Accounts:  The most recent surfacing story that Romney will have to answer is the fact that he has Off Shore Accounts in Switzerland and the Cayman Islands, which are generally accounts that the rich use to hide their real wealth and to hide money from taxes that we all must pay based on our bank accounts balance.
When you got $20 Million in a bank, the bank will often pay you up to 8% interest on that money annually, and that amount is $1.6 Million a year, and uncle sam calls that $1.6 Million income, which uncle sam wants 15% of, equaling $240k... that's real money that Romney may be hiding from the government.

What about possible actual amount Romney has:  We know that Romney is worth approximately $250 Million, but, what if its validated how he got the money in some details, the type of details that would cause the average citizen to consider his way of getting money as being "wrong, greedy, stealing, or fraud".

So, what could be causing Romney to appear to be hiding?

I can't even begin to guess what Romney is hiding but, one thing for sure, no elected President should ever be elected if he is unwilling to reveal "all" his tax history, because the President represents the entire nation and it's his position to represent and spend all the money that this nation generates, so collecting all the money that is owed to the U.S. is going to be personal if Romney is elected.

Hiding his taxes for any year would be hypocritical for him to ask every American to be honest about their taxes, if he gets into the oval office.

Character is the most significant trait of a President, and Romney has very poor character..., in my opinion.

 

In My Opinion

ASMFMB
7/15/2012

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