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Campus Question – March 31, 2012

March 31, 2012

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Campus Question – March 31, 2012

Tonight’s question, greetings, and social banter here. (More)

Tonight’s Campus Question
This week the Obama campaign called on Republican presidential frontrunner Mitt Romney to release his old tax returns, noting that Bain Capital reporting practices would have let Gov. Romney manipulate the value of companies held by his IRA. In response, Romney demanded President Obama release notes and transcripts of every meeting with foreign leaders, “so the American people can be satisfied that he’s not promising to sell out the country’s interests after the election is over.” Does Romney seriously equate his taxes with diplomatic meetings?

  • NCrissieB

    Today on Campus

    Morning FeatureImagine, Part III: Creative Cultures

  • addisnana

    Tonight from 8:30 to 9:30 (your local time wherever you are) is lights out in support of earth hour. Yahoo has an explanation and some photos.

    The Associated Press reports that hundreds of landmarks around the world, including New York’s Empire State Building, Big Ben in London, the Great Wall of China and Tokyo Tower, will all go dark for an hour.

    I am in too good a mood to think about Mitt Romney. Sorry.

  • NCrissieB

    Romney demanded President Obama release the notes and transcripts of every meeting with a foreign leader for two reasons: (1) the Obama campaign already preempted the tit-for-tat by offering to release all of the president’s tax returns since 1980; and, (2) the phrasing of the demand fits the conservative narrative of He’s Not One Of Us.

    The demand explicitly implies President Obama would sell out our nation’s interests in exchange for reelection … as foreign leaders could guarantee his reelection. It’s not just “naïve” (the Obama campaign’s response). It’s another despicable dog whistle.

  • Jim W

    In one particularly successful deal, Bain increased the equity value of a company it had acquired by 36-fold in 20 months. But some Bain employees saw a 583-fold increase over the same period on IRA money they invested in the special share class of that company. Being in an IRA, the gain could then be rolled over, without initially subtracting taxes, into fresh Bain deals, for years of compounding.

  • Jim W

    Should have been one comment. This is how the 1% moves money from the 99%. If the SEC or the IRS were doing their job the private deals would be taxed as income and not investments. A corporation can’t be public and private at the same time.