Sign In | Create an Account | Welcome, . My Account | Logout | Subscribe | Submit News | Trail Report | Today in Print | Frontpage | Services | Home RSS
 
 
 

Poster boy for Wall Street

November 3, 2012
The Daily Mining Gazette

To the editor:

Willard Milton Romney, born into the wealthy upper-class and with an impressive formal education, feels he is qualified to be president. Although his opinions on numerous issues are continually changing, he remains constant in touting himself as a successful businessman.

Romney made a huge fortune as CEO of Bain Capital, a private equity firm. Private equity companies are in the business of extracting money for their investors and not to create jobs. Gov. Perry (Texas) described it this way, "They're vultures that's sitting out there on a tree limb waiting for the company to get sick and then they swoop in, they eat the carcass, they leave with that, and then they leave the skeleton." Romney profiles himself as a budget slasher/enemy of debt; yet he has become a very wealthy man by creating huge amount of debt - for others.

Mormon Scripture preaches the evils of cigarettes and the U.S. government linked cigarettes to cancer. But that didn't stop Romney and Bain from making millions as a consulting firm to Phillip Morris.

Tax records show Romney's money is taxed at a lesser amount. What? His many overseas bank accounts and investments, which include numerous Chinese companies are less than transparent. Romney, whose blind trust is managed by his personal friend/lawyer, Bradford Malt, says." The blind trust is an age-old ruse." They say it is all legal. Legal. It makes a mockery of the word and of our democracy. Willard Milton Romney is the poster boy for Wall Street and will continue to protect the 1 percent at the expense of the 99 percent.

Patsy May

Fact Box

The Daily Mining Gazette welcomes letters to the editor from readers.

Letters should be signed and include name, address and telephone number. Names will not be withheld and letters should be no longer than 400 words. No personal attacks. Writers are limited to one letter per month. The Gazette reserves the right to edit letters for length, as well as for spelling and punctuation.

Mail letters to: Letters to the Editor, The Daily Mining Gazette, P.O. Box 368, Houghton, MI 49931. Letters may also be e-mailed to jnordberg@mininggazette.com or submitted on the Gazette's Web site, mininggazette.com, by clicking on "Submit News."

Trout Creek

 
 

 

I am looking for:
in:
News, Blogs & Events Web