Hear Mitt Romney Speak Candidly

Mother Jones has obtained video leaked by an anonymous source of Mitt Romney addressing a select group of donors, a setting in which he seems far more at ease than appearing before the public.

It’s fascinating to see a presidential candidate speaking unguardedly behind the scenes. Among other remarks, Romney says that nearly half the population does not pay income tax and thus is overly entitled and dependent on the government, and his “job is not to worry about those people. I’ll never convince them they should take personal responsibility and care for their lives.” (Romney seems to be forgetting the low tax rates which he himself enjoys.) He jokes that he wishes he were Latino, which would make it much easier to become president, and brags that he has assembled a team of “Karl Rove equivalent” consultants who have influenced elections “in Armenia, in Africa, in Israel.” Below, he discusses visiting the Chinese factory of a Bain-owned company, and how it made him grateful to be American:

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  • Matt Staggs

    Finally realized who he reminds me of.

  • Liam_McGonagle

    Did so much as 1 of those stupid *ssholes notice that bank bailouts propping up their own portfolios effectively makes them all welfare queens?

    Mitt Romney, I don’t know whether I hate you more for your plastic inauthenticity or your stupid vanity.

    Please don’t refer to that f*cking pig as an “aristocrat”.  A bumbling oaf like Willard wouldn’t make a pimple on a true aristocrat’s *ss.

    • Jin The Ninja

      a proper aristo actually believes in, for better or worse, ‘nobless oblige.’ and they certainly do not become venture capitalists. tres gauche. 

  • Who dis?

    Anyone talking about Romney’s low tax rate please stfu… Capital gains are taxed at 15%. He already paid normal taxes on money he made from working, then invested that money and has to pay 15%  on the profit he makes from these investments which were used with cash he paid normal tax rates on.

    If you are smart enough to save some money and then invest it you too can get the same 15% tax rate. Are you really complaining about this 15%? That low rate should inspire you too learn about investing and to save up enough cash to do something.

    • Andrew

      Request to stfu denied.  Capital gains taxes are far too low.  Returns on investment is in my opinion the same thing as the Fed printing more money.  Income on actual work at least has something to back it up.  Income tax should be 0% and the capital gains tax should be 90%.

    • Andrew

      Request to stfu denied.  Capital gains taxes are far too low.  Returns on investment is in my opinion the same thing as the Fed printing more money.  Income on actual work at least has something to back it up.  Income tax should be 0% and the capital gains tax should be 90%.

      • Who dis?

         So you want people to have to work their asses off for as long as possible. You wouldn’t want the opportunity to invest some money at a young age and being able to retire early. Nah, these people just got lucky gambling, tax them 90% and tell them not to quit their job just yet.

        • Andrew

          > So you want people to have to work their asses off for as long as possible.

          Wrong.  0% earned income tax, $15 an hour minimum wage, one month of vacation a year…

          • Jin The Ninja

            this idea holds a lot of merit. we have 13 % gst + pst, and it is so regressive. 

          • http://www.jameslstreet.com/ MC1171611

            That’s nonsense. It has been repeatedly shown that minimum wages hurt the lowest classes the worst, since it drives up the cost for all unskilled production, inflating prices that more than compensate for the artificially-increased wages being received for work that is simply not worth that much pay.

            Government coercion is never the answer.

          • Andrew

            If minimum wages hurt the lower classes, it’s only because CEO’s and shareholders refuse to cut their profit margins.  Competition in the stock market, where a toy maker has to compete with a tire maker for maximum profitability, is the real problem.  Businesses shouldn’t go public.

            As for government coercion, do you agree that local governments shouldn’t have done anything about Occupy Wall Street protests?

          • http://www.jameslstreet.com/ MC1171611

            Other than keep people from trashing public areas and punishing crime, no. If you’re looking for a pro-police voice, you won’t find it here.

            I believe in liberty, and a militarized police state is antithetical to liberty.

          • http://www.jameslstreet.com/ MC1171611

            Other than keep people from trashing public areas and punishing crime, no. If you’re looking for a pro-police voice, you won’t find it here.

            I believe in liberty, and a militarized police state is antithetical to liberty.

        • Andrew

          Also, I hope you never whine about poor people being “lazy.”

      • Tjeffson

        your idea would shut this economy down in about 7 seconds.  “growth” would evaporate since no one would invest Capital anymore.  GDP would collapse by at least 25% maybe 50% or more.  Unemployment would be closer to 50% than 20%.   I guess 0% taxes is fine since no one would have a job. 

        Capitals gains is NOT like printing money.  That’s one of the stupidest comments I’ve ever read (and I’ve read plenty on these blogs by liberals and neocons).   To grow and expand business, you need Capital.  People will not invest their Capital if there isn’t something to be gotten from it, aka profit.   If you want to see counterfeiting, look at fractional reserve banking.  THAT is printing money.

        • Andrew

          First of all, economic growth is unnecessary except to the degree that it meets the needs of population growth.  Most of what is produced in this country in unneeded and its production just adds to the poisons in our food, air and water, so a collapse in GDP could very well be a good thing, if the necessary things were still being produced.  And if you define “unemployment” as narrowly as “being hired by a business,” then I dispute whether or not being “unemployed” is necessarily a bad thing.

          Also, money is not capital (look it up).

          • Tjeffson

            Without money, where do you get the means to update your business / equipment or to start a new business or to expand your existing business? Money is capital in terms of investing and taxes.

            Employment means you have a job, whether self employed or working for someone else. If you dispute having a job or not is a bad thing then you’re just clueless.

            As for growth, we have to grow to keep up with population growth and demand (we don’t just produce stuff for America only). Not to mention others go out of business due to various reasons including technological advances. Not to mention equipment must be replaced and/or upgraded. There are lots of reasons for needing growth. As for “unneeded” stuff, if there is demand, then that stuff is made. It’s not up to you or govt to decide what is needed or not. That’s a market decision based on demand.

          • Tjeffson

            Without money, where do you get the means to update your business / equipment or to start a new business or to expand your existing business? Money is capital in terms of investing and taxes.

            Employment means you have a job, whether self employed or working for someone else. If you dispute having a job or not is a bad thing then you’re just clueless.

            As for growth, we have to grow to keep up with population growth and demand (we don’t just produce stuff for America only). Not to mention others go out of business due to various reasons including technological advances. Not to mention equipment must be replaced and/or upgraded. There are lots of reasons for needing growth. As for “unneeded” stuff, if there is demand, then that stuff is made. It’s not up to you or govt to decide what is needed or not. That’s a market decision based on demand.

          • Liam_McGonagle

            All you have done is demonstrated your commitment to a dying economic paradigm.  Financial markets need the illusion of growth.  The production of real goods and services does not.

            Andrew is right.  You have totally confused that subset of financial capital known as money for the much wider concept of capital–which includes human labor and ingenuity as well as the physical machinery used to transform raw materials into goods and services.

            Money is, just as Andrew says, a completely contrived concept, being merely a medium of exchange, store of value and unit of account, used to facilitate the exchange of REAL capital.  Its utility is totally depedent upon the not entirely rational belief of market participants that transactions so denominated will be honored freely and in a predictable manner.

            The current model of capitalism has broken completely with the past by stupidly confusing this exchange tool with the act of production itself.  That financial markets are now fundamentally divorced from the production of actual goods and services is becoming increasingly obvious as market indices reach all time highs while median quality of life and employment reach all time lows.

            Financial markets are now essentially a pyramid scheme that requires starvation of those who produce actual goods and services to preserve the illusion that shuffling paper on Wall Street will some how magically benefits anyone other than the brokers and their richest clients.

            Slowly nations have evolved a system of shadow bailouts including low- or interest-free loans to large investment banks to disguise the fact that the instruments they have created to suck capital out of the real economy can never pay off in reality. 

            They also underwrite the debt of troubled nations to distract us from the fact that this siphoning off of wealth from circulation in the real economy can only be remedied by strong progressive tax structures attacking the accumulation of idle monetary “wealth”.
             
            This perverse state of affairs cannot be sustained indefinitely.  Financial markets in the aggregate suck $0.80 of GDP out of the economy for every $1 that they hold.  Sooner or later these parasites will destroy both the tax base that is their host and the value of the currency they depend upon.

            It is a perfect example of Evolutionary Suicide.

          • Guest

            it took you all that to try and refute that without some form of “money” you can’t start or expand a business? Do folks that want to start a business just wave a magic wand and their machinery just appears out of thin air? You must have a form of exchange , thus we have money. (We can debate what money is or isn’t later in terms of the US Dollar). As such, money is capital when talking about terms such as taxation on investment profits and when used to invest in businesses (I never said a word about financial markets). Money may not be Capital in a technical sense, but the Government thinks it is and that is why I called it so.. most people will never know otherwise (I’ve found when dealing with the general public, I have to dumb down things so that they understand it).

            Financial markets are a whole other ballgame. It’s my personal belief that most shouldn’t even exist. Commodity markets may have use so producers can find buyers for their commodities (grains, etc). But the rest are nothing more than computers trading between themselves to rob individuals blind and give the appearance of economic prosperity.

          • Guest

            it took you all that to try and refute that without some form of “money” you can’t start or expand a business? Do folks that want to start a business just wave a magic wand and their machinery just appears out of thin air? You must have a form of exchange , thus we have money. (We can debate what money is or isn’t later in terms of the US Dollar). As such, money is capital when talking about terms such as taxation on investment profits and when used to invest in businesses (I never said a word about financial markets). Money may not be Capital in a technical sense, but the Government thinks it is and that is why I called it so.. most people will never know otherwise (I’ve found when dealing with the general public, I have to dumb down things so that they understand it).

            Financial markets are a whole other ballgame. It’s my personal belief that most shouldn’t even exist. Commodity markets may have use so producers can find buyers for their commodities (grains, etc). But the rest are nothing more than computers trading between themselves to rob individuals blind and give the appearance of economic prosperity.

          • Liam_McGonagle

            That’s a reply, not an answer.

          • Andrew

             > Without money, where do you get the means to update your business /
            equipment or to start a new business or to expand your existing
            business?

            You said “without money,” not me.  Money is not capital, but money can be used to buy capital.  And it’s constructive to get that money by actually earning it, not by prostituting yourself to financiers.  Plus, if your business is providing needed goods or services for the community and a living for yourself and your employees, who says you have to update it or your equipment?

            > (we don’t just produce stuff for America only)

            Ever hear of the trade deficit?

            > As for “unneeded” stuff, if there is demand, then that stuff is made.
            It’s not up to you or govt to decide what is needed or not. That’s a
            market decision based on demand.

            I disagree.  The market as a wise decider is a myth–it’s a headless collective.

          • Andrew

             > Without money, where do you get the means to update your business /
            equipment or to start a new business or to expand your existing
            business?

            You said “without money,” not me.  Money is not capital, but money can be used to buy capital.  And it’s constructive to get that money by actually earning it, not by prostituting yourself to financiers.  Plus, if your business is providing needed goods or services for the community and a living for yourself and your employees, who says you have to update it or your equipment?

            > (we don’t just produce stuff for America only)

            Ever hear of the trade deficit?

            > As for “unneeded” stuff, if there is demand, then that stuff is made.
            It’s not up to you or govt to decide what is needed or not. That’s a
            market decision based on demand.

            I disagree.  The market as a wise decider is a myth–it’s a headless collective.

          • Ted Heistman

              I just fixed a bike here: http://www.oly-wa.us/Bikes/

            I plan to join the collective in order to learn how to fix bikes.

          • Ted Heistman

              I just fixed a bike here: http://www.oly-wa.us/Bikes/

            I plan to join the collective in order to learn how to fix bikes.

    • Pallas Athena

      . . .  you too learn about investing . . .

      [whoops!]

      But, please, go on.  I’d love to hear more about how the Dow is at all-time highs and yet somehow it’s not having the slightest downward pressure on the jobless rate.  That’s an even better trick than turning water into wine–making “productive job creators” out of verminous, parasitic scum.

    • Nunzio X

      All income should be taxed at a progressively higher rate, no matter its source.

      The highest rate should be for those “earning” the most money.

      So if Romney makes $5 million a year, he’s taxed at the highest rate no matter WHERE the income originates—salary, bonuses, capital gains, lottery winnings, or whatever the fuck.

      Why is a dollar NOT a dollar when it’s capitol gains? Fuck that shit.

      • Who dis?

         So you’re saying that if you make money at your job at get taxed, then you take that money and invest it in the stock market, and let’s say you double your money, you’d rather pay more taxes than less taxes on that money?

        • Nunzio X

          Yes, that is what I’m saying. Precisely.

          Taxes aren’t “bad.” Please disabuse yourself of that notion.

          Once more: taxes are not bad. They are the fuel a civilized nation runs on.

          • Who dis?

             There is so much government waste and you want to give them even more. If people stop investing then businesses can’t grow and then no one gets hired.

            I agree a higher rate for the more you earn, but I don’t think that should include investing in companies. At least not right now when people are struggling to find a job. You gotta make the people creating jobs feel as comfortable as possible or they’ll just sit on their wealth. If a company can’t expand without going public, do you want to burden that company with no one willing to invest? Rich people are capable of creating a lot of jobs if you let them.

            I think a higher sales tax and nothing else would solve everything.

          • Andrew

            The government is only “wasting” the tokens of exchange created by the Fed, it’s not wasting real wealth.

            Taxing earned income or sales discourages real economic activity (as opposed to juggling numbers in computers).  Businesses and investment do not create jobs, human needs and abilities do.

          • Andrew

            The government is only “wasting” the tokens of exchange created by the Fed, it’s not wasting real wealth.

            Taxing earned income or sales discourages real economic activity (as opposed to juggling numbers in computers).  Businesses and investment do not create jobs, human needs and abilities do.

          • Anarchy Pony

            So extortion is a viable business strategy? Got it. 
            Go lick some more boot you stupid troll/sockpuppet.

          • Liam_McGonagle

            When you get to the bottom line, extortion is really the ONLY business strategy.

          • http://www.jameslstreet.com/ MC1171611

            Certainly not. The market operates best through competition and consumer choice, where the producer is forced to provide better services at a lower cost in order to satisfy the demands of the consumer.

            Your comment is wrong on basically every possible level.

          • Andrew

            Plus taxes only take tokens of exchange, not real wealth.

      • http://www.jameslstreet.com/ MC1171611

        Right, because theft through coercion by a violent, monopolistic oligarchy is just the way we roll.

  • lifobryan

    ROMNEY INGREDIENTS

    One Empty Suit, stuffed with Money;

    One cup of vintage James William Bottomtooth or Thurston Howell III;

    One cup of pickled Montgomery Burns (or if you are out of Burns, Koch tastes the same);

    Essence of Nixon & Agnew, but squeeze out the charm first;

    Mix all ingredients together with a silver spoon until they congeal into a dull gray paste that leaves a slick & strangely bitter aftertaste;

    Chill until cold, and garnish with Brylcreem;

    Serve conservatively wherever unwanted.

  • http://buzzcoastin.posterous.com BuzzCoastin

    Romney is a much better stooge opponent for Obummer
    than McCain & the Bimbo ever were
    but I don’t find these remarks to be more than a simple statement of fact
    especially if you’re of the elite class

    and I fail to see how a Moron elite like Romney is worse than Obummer
    a man who has lied and compromised his way into head puppet for the elite

  • http://www.jameslstreet.com/ MC1171611

    I can’t stand Romney, but what little I’ve seen of this interview (I can’t be troubled to waste that much time on it), he’s correct, at least about the lower 47% of entitlement non-taxpayers. Those are just statistical realities.