1. Mediaite
  2. Gossip Cop
  3. Geekosystem
  4. Styleite
  5. SportsGrid
  6. The Mary Sue
  7. The Jane Dough
  8. The Braiser

Politics

Why the Outrage over Romney’s “Corporations are People” is Totally Misplaced


As you’ve probably heard by now, Mitt Romney recently said “corporations are people, my friend” to a crowd of Iowans during a speech. In a video posted by the Huffington Post, the visibly riled up crowd gets even more rowdy when he makes this remark. Corporations, people!? People don’t like corporations, maybe? Or they don’t like it when they’re equated with them? Or they don’t like half-baked metaphors?

Condescending use of “my friend” aside, does Mitt Romney actually think of corporations in this warm and fuzzy kind of way? Uhh, well, if his past tax record is to be believed we’re going to go with… maybe not.

In a 2007 article from The Hill, Alexander Bolton points out that when he was governor, Romney proposed corporate tax increases that totaled $400 million.

And in a recent The Daily Beast, Jill Lawrence says analysts in Massachusetts said Romney was ”a chief executive who raised corporate taxes three years in a row and did little to stop his state’s manufacturing slide beyond continuing existing worker-training programs.”

Ouch. Sure he’s known to some as the quintessential businessman candidate — but he doesn’t seem to big on corporate tax breaks.

So why is he casting himself in such a pro-corporation light? Why would someone who’s repeatedly sealed off corporate tax loopholes suddenly start defending them? It’s a perplexing question, especially when one considers just how much his assertion ticked people off. What’s even stranger is that some of Romney’s high-profile GOP comrades (is “comrade” a bad word to use when referring to the right-wing?) have promoted similar corporate tax strategies.

Mike Huckabee’s policies resulted in a 3-percent tax bump for corporations during his tenure in Arkansas. And former Minnesota Governor Tim Pawlenty boosted taxes on corporations by $109 million — in a single year. Come on, Roms — it’s a Tea Partier’s world; it’s okay to screw with moguls!

Maybe this is an effort to cast himself in a Reaganomic light, lest the anti-populist masses work themselves into too frothy a lather over Romneycare.

Regardless, it sounds like some of the folks on our Power Grid would be less than pleased with Romney’s corporate tax records, despite his soundbite that they’re “people.”

And while folks seem mighty ticked that Romney is maybe-besties with corporate fat cats, the fact remains that he just isn’t.

TAGS: | |

  • Anonymous

    Romney knows far more about corporations and corporate law than the author of this article.  He learned about corporations when getting a degree at Harvard Law School.  He learned about corporations when getting a MBA at Harvard Business School.  And he worked closely with numerous corporations while at Bain Capial.  Perhaps the author of this article can put up her background with corporations so we can judge the respective qualifications.

  • Michelle

    The only people that were riled up by his comment were the paid, liberal plants.  Nice try though!

  • Anonymous

    If corporations aren’t people, then what are they? Are unions people? Are governments people? Of course they are.

  • Anonymous

    exactly.  thanks Pablo. The SCOTUS agrees… see Citizens United.

  • Anonymous

    When at Bain Capital, he bought companies for pennies on the dollar, with leveraged money.
    He fired all the employees hiring back the young and healthy at reduced wages and benefits.
    He then, sold off everything companies had owned, and transferred jobs overseas.
    He would then sell off or bankrupt those companies, all the while, along the entire process, pocketing the money.

    He took thriving to borderline companies, that supported their help, in good times and in bad, and chose to suck them dry using any and all loopholes, then toss them on the trash heap.

    Corporations are people??? Romney is a shark!!!

  • Anonymous

    He didn’t do any of these things.  Bain Capital was an investment group, not a management group.  Learn to distinguish between the two.

  • Anonymous

    A corporation is a combination of the employees, the shareholders, and the management.  that is exactly what a corporation is.  It is understandably confusing given that the leftists have tried everything in their power to demonize corporations as little groups of evil people, but that is simply a lie.

  • Anonymous

    If those companies were worth pennies, maybe someone there needed to be fired.

  • Anonymous
  • Anonymous

    What Fairways doesn’t tell you is that businesses prospered after getting investment funds from Bain Capital, which eventually led to hiring, expansion, capital investment, etc.  

  • Arkansas Steve

    I think you seriously overstate your case.  But even if you’re right, wouldn’t you rather have a “shark” working for “your” company (USA) than a spineless political hack like our current President.

  • Anonymous

    The Supreme Court has ruled on this issue, and agrees with Romney

    http://en.wikipedia.org/wiki/Corporate_personhood

  • Anonymous

    I repeat, Bain Capital is an investment company, not a management company.   You might as well hold the Governor of NY responsible for every corporate action made by all the companies whose stock is held by the state pension fund. 

    But over and beyond that, Bain was very successful in its investments, and the companies to which it provided capital, when viewed in the long run, added jobs and expanded.   Go find out the employee counts of those companies before Bain made investment, and compare them with employee counts today. 

    The bottom line is that Romney created more jobs in the private sector than Obama has done running the whole federal government.

    You really need to do a better job in your disinformation campaign.

  • http://pulse.yahoo.com/_FSPIVAFYI672OH5NOKVRTEZA4U MadCharles

    He forgot to say or the msm edited out  the words “filled with” .

  • Anonymous

    This is the guy that walked away from a second four year term, as governor, in Massachusetts, with two years to go! You want to talk about spine? He has none! When the going gets tough, Mitt sneaks out of town. In his second term, he built a new home in New Hampshire. He registered to vote in Massachusetts, in his kid’s cellar! Only Whitey Bulger, did a better job of sneaking out of town!

  • Anonymous

    Even Mitt no longer spews those employment figures in reference to his days at Bain Capital. He was skewered with the facts!

    Your first paragraph destroys the logic of the third.

    It’s obvious you chose not to read any of the links, I posted.

    It’s the same as holding your ears, and repeating to yourself “Na Na Na Na Na!” until everyone leaves the room. 

  • Anonymous

    You know nothing about this.  Bain Capital has a very clear track record of investing in companies that prosper and grow.  If they actually destroyed the companies they invested in, they couldn’t have achieved the remarkable investment returns that they racked up.

    If you understand anything about leveraged buyouts — which apparently you don’t — you would understand that Bain Capital only made money by relisting a successful, growing company on the stock market.   This is the way the game is played.  This is how the money is made.  If Bain actually did what you said, Romney wouldn’t be the wealthy man he is today.

    Read up on LBOs.  You are out of your league commenting on this things with your contradictory spin.  

  • Anonymous

    Thanks for fixing the headline and the text of this article!

  • Anonymous

    You seem unable to comment on any of the links I posted
    Your comments are pretty weak, under their reportings.

    Of course all those different sources are conspirators, simply out to disparage your theories. The fact that some of the postings are from past years, only prove to you, they have laying wait, all this time to dilute your sacrimonious intent,   NOT!  

  • Anonymous

    You seem incapable of comprehending the basics of investment management companies.  Unlike the government, they need to put the company on a prosperous, growth track to realize investment returns.  Your “explanation” of Bain Capital is not only wrong, but incoherent. 

  • Anonymous

    Here’s a concrete example for you.  .One of Bain Capita’s first start-up investments was in Staples.  Bain’s investment helped Staples to expand from one store in 1986 to nearly 1,700 in 2006.  Point out to me how this investment led to a loss of jobs?  

    Come on, give me an explanation….This ought to be entertaining. 

    I could give you countless similar examples.

  • Anonymous

    How about the five companies, Mitt drove into bankruptcy and destroyed, while at Bain Capital. He became wealthy in those deals!  

    Mitt sat on the board of directors, at Staples, while one, (a vendor to Staples) was forced into bankruptcy

    One was charged a ten million dollar management fee, while mitt and Bain Capital drained them dry, and played with their stock.

    All the while Mitt and Bain Capital made tens of millions of dollars, while the companies, their employees, and their vendors lost EVERYTHING!

  • Anonymous

    ‘True’…so true…..Gangs-Verb: (of a number of people)who Form a group. ie Corporation, Unions or Governments….are people and SCOTUS agreed!  The problem with that system is that the few, within the many, control too much power….decreasing the non-power of the individual!!

  • Anonymous

    This Romney guy is seriously weird.  Does he even know real people?

  • Anonymous

    Corps aren’t people, corps use people to make money. The corporation is the machine and the people are the tools.

    How naive are you?

  • Ganymede

    Anyone who can say with a straight face that a corporation is a person is not playing with a full deck. Regardless of what the Scalia/Thomas Supreme Court says, a corporation is not an individual; and is not entitled to human rights. A corporation is protected by the Constitution but is not endowed with supranational rights. Someday soon we’re going to look back at the turn of this century and wonder how the people at that time got things so wrong that they would let powerful financial organizations and modern day robber barons take over our lives and have it sanctioned by a less than Supreme Court. People without memories and knowledge of history should understand that fascism happened when times were bad and corporations went out of control. 

  • Anonymous

    If corporations are people can I marry one?

  • Anonymous

    My dear friend. Last I’ve heard we do not live in an oligarchy.  I believe it is a democracy.
    Big difference. And if corporations are people. why can’t I marry one….case closed and court adjoured.

  • expatpatriot

    Just when you think that Romney is the one Republican contender who’s not certifiably insane, he says something like this.

    P.S.: to Sylvie: As you no doubt know, corporate personhood is completely unrelated to the issue of whether you tax corporations or not. Pretending that the two are identical just makes you look foolish. Or perhaps cynical beyond previous bounds.

  • Dan

    This is stupid. The comment was a response to the kid saying that money goes to corporations and not people. Romney responded by saying corporations are people because people end up with that money. This was not a discussion about the citizens united case. Everybody, grow up.

  • Anonymous

    You certainly can…just find the right woman who is an officer of a corporation, or a recipient of the stock dividends, or the owner of a 401(k) plan.  ALL women are people!

  • Anonymous

    Anyone who thought this was a good “gotcha” on Romney has to be a first class idiot…or rather they think that anyone who thinks corporations are anything BUT people are just as stupid as they are. If you can come up with a better explanation, let us know.  Is it a bird? is it a plane?  is it a Martian? or is it Superman?

    Of course corporations are people.

  • Rusino

    The whole LEFT,PROGRESSIVE,DEMS, are hysterical! …….don’t mean they are FUNNY.

  • Anonymous

    lol. that’s funny. I hope I would get the same tax break as a corporation does too. after all if they are people they should pay taxes like people. right?

Abrams Media Network click here for advertising opportunities

© 2013 The Jane Dough | About Us | Advertise | Newsletter | Privacy | User Agreement | Disclaimer | Contact | Archives | Send a Tip | RSS RSS
Dan Abrams, Founder | Hosting by Datagram

X