by | October 15, 2012 · 5:21 pm

The latest whackadoodle anti-Romney meme

On the Dumb-O-Meter, this one is right up there with “I can see Russia from my house!” Even the New York Times says it’s not true.

Bain owns a majority share of Sensata stock.

But Mitt and Ann Romney have NO information about or impact on Bain’s decisions.

Moreover, many of the key people running Bain Capital Investors at this time are Democrats who support Obama.

There is also no “tax break” for outsourcing jobs to China.

There is a tax deduction allowed on moving costs, but those apply no matter where a company moves.

They could move next door, across town, to a new state. They’d still get to deduct the cost of the move.

Sources:

http://www.examiner.com/article/liberal-lies-and-hysteria-try-to-tie-mitt-romney-to-sensata-closure

http://www.nytimes.com/2012/10/10/us/politics/as-romney-repeats-trade-message-bain-maintains-china-ties.html

6 Comments

Filed under Bain Capital, Barack Obama, Mitt Romney

6 responses to “The latest whackadoodle anti-Romney meme”

  1. chrissythehyphenated's avatar chrissythehyphenated
    October 15, 2012 at 5:35 pm

    October 15, 2012 RASMUSSEN

    Romney 49% vs Obama 48% vs Other 2% vs Undecided 2%

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  3. itooktheredpill's avatar itooktheredpill
    October 15, 2012 at 11:33 pm

    True or False:
    The FY 2007 budget (passed by a Republican Congress and George W. Bush) produced a smaller deficit than the FY 1994 budget (passed by a Democrat Congress and Bill Clinton).

    For the answer, see: http://www.whitehouse.gov/sites/default/files/omb/budget/fy2013/assets/hist01z1.xls

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    • chrissythehyphenated's avatar chrissythehyphenated
      October 16, 2012 at 2:02 pm

      Red, do you understand the Off Budget columns and why that was started in 1937?

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      • itooktheredpill's avatar itooktheredpill
        October 16, 2012 at 2:56 pm

        I’m not an expert on that, but I had a hunch that it would be releated to Social Security revenues and expenses being “off-budget”, and here’s what I found when I went searching for an answer ot that question:

        On-budget totals reflect the transactions of all Federal Government entities, except those excluded from the budget totals by law. Off-budget totals reflect the transactions of Government entities that laws exclude from the on-budget totals (those of the Social Security trust funds and the Postal Service). The budget presents combined on- and off-budget totals to derive totals for Federal activity, sometimes called the unified budget totals.

        Source: http://www.whitehouse.gov/sites/default/files/omb/assets/a11_current_year/s20.pdf

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