February 3, 2012 in Opinion, Letters

Romney walks the talk

 

Mitt Romney is criticized on two specious counts. The first is fallaciously equating an income tax rate to a capital gains tax rate. Regular monthly paychecks are a known quantity for most people. There is no risk in the amount earned. However, those who invest in capital markets assume a lot of risk. There is no guaranteed gain for any time frame. In fact, they may lose a lot of money. The reward is a lower tax rate as an incentive to invest in growing our economy. Romney has done that.

Second, Romney is criticized for “vulture capitalism” that “raided companies” while he worked for Bain Capital. Quite the contrary, Bain invested in distressed companies and startups that needed capital (some of it Romney’s own money) and management expertise to grow. Romney successfully led many of these companies through difficult turnarounds. America is in desperate need of an economic turnaround, too. Romney can do that.

On the other hand, in 1998, U.S. House Republicans revolted against Newt Gingrich’s “erratic, undisciplined leadership” and removed him as speaker after less than four years. Gingrich talks a good game. So does President Barack Obama. We need someone who can walk the talk. That’s Romney.

Bob Strong

Spokane

Recent stories in Opinion
Recent stories in Letters
Seven comments on this story so far. Add yours!

  • SMARTGUY on February 03 at 12:25 a.m.

    Mitt is the perfect choice to get us back on track. Fire everyone in the government, sell of all the assets, and just start over, in the Cayman Islands.

  • greenlibertarian on February 03 at 2:20 a.m.

    Mr. Armstrong makes a [mostly] earnest argument, tho I tend to agree with SMARTGUY [on this].

    Willard will prevail, but not in the general election.

    Check the odds in Vegas if you don’t believe me, & their track record is STRONG.

  • richardch on February 03 at 10:42 a.m.

    Obama is a dolt.

  • greenlibertarian on February 03 at 11:30 a.m.

    richardch on February 03 at 10:42 a.m.

    Obama is a dolt.

    Think that up all on your own, did ya?

    Wow, such brilliance.

    Understandable given the frustration.

  • jdspokanewa on February 03 at 4:21 p.m.

    Bob Strong, ask those non-risk taking employees of the companies Bain Capital took over if they had no risk. Bain Capital bought companies that were reasonable strong, leveraged them and hung them out to dry, all to make investors (Willard Romney) more money.

  • misjustice on February 03 at 7:35 p.m.

    I wanna see Robme’s birth certificate!
    ; )

  • kma on February 04 at 2:43 p.m.

    Me too misjustice. I want to see all of their birth certificates and all of their tax returns for at least the last 5 years, as they required of our President. Romney is already saying he needs to amend his tax return for this year……….hmmmmmmmm….has anyone seen it yet of course not. Oh, and please let me pay less than 14% tax rate on my income…now that would be nice.

    richardch on February 03 at 10:42 a.m……….can you please tell us why you said that? Please. Most like you never come back to read comments as you are just a charlatan richardch.

    Hope all the great folks in Spokane are enjoying these beautiful sunny days and to be safe.

You must be logged in to post comments.
Please create a profile or log in here.