Romney and Obama are both millionares, I keep hearing dems talk about not liking Romney cause he's rich?

Question

Obama has retirement funds in the Cayman islands also, just google it, the story is 3 months old; not that anyone would know due to the Obama media not cevering it. Obamas net worth is 11 million. He made his money writing books.
 
Romney made his money improving the economy and adding jobs by saving companies like Staples and many more. Because of him, those companies were restructured and now employee thousands instead of none.
 
So when I hear people talking in hushed tones about how Romney is a millionare, I want to yell at them for being so ignorant of the true state of things.
 FOR THE LIFE OF ME, I CANNOT BELIEVE THIS IS LOOKING LIKE OBAMA WILL WIN RE-ELECTION BUT LOSE THE POPULAR VOTE. The facts are screaming in our faces that Romney is the guy with the plan. WAKE UP AMERICA!

Griggnax · Accepted Answer

Nice spin.
Obama is a member of the General Assembly Retirement System of Illinois, based on his service in the State Senate there.  The Illinois State Board of Investments invests in pension funds on behalf of its members.  One pension fund is located in the Caymans.
So yes, it's technically true that Obama has retirement funds in the Cayman Islands, because he participates in a pension, which he does not control, which invests there.

Romney has HIS OWN PERSONAL MONEY, which he DOES control, in the Caymans.

The difference is significant.

And Dems don't "hate" Romney because he's rich.  Dems don't like Romney because he favors the rich at the expense of the middle class and poor.

Anonymous · Answer

Obama's strategy is called "Populism".  Populists tend to claim that they side with "the people" against "the elites", and the political movement tends to gain ground when the economy is in bad shape or there are a lot of people out of work.

The problem with populism is that it has no basis in economic fact; there is no reality behind any of the rhetoric - it is simply that "you are hurting because of them".

Listen closely to Obama - he's quick to point out that Romney is one of "them".  He said in the debate that Romney's pension was much bigger than his own, but the opposite of that is actually true.  He blames Romney for outsourcing, but only because outsourcing has become politicized.  The reality is that this country uses outsourcing offset by insourcing - and we insource more jobs than we outsource.

You're absolutely right about Obama having money in the Cayman Islands and being one of the 1%, but we're not supposed to talk about that because he's one of "us".

He doesn't understand tax structure - but he's counting on the fact that we don't, either - and so is hammering only on the idea of "fairness", which we do understand.

He wants us to believe that if I make a million dollars, that's a million less in the economy for you to make.  He knows that's wrong, but he also knows that it will get him votes.

EDIT @Griggnax - take a look at the answer by "SSSSSSS".  There's no logic there - only a complaint that Romney is worth 200 million before taking into account his offshore investments.  I think you're wrong - I think that the Dems DO hate Romney because he's rich - and Obama is capitalizing on this hatred heavily.

macey · Answer

nicely there are diverse hypocrisies contained in the international of politics, and one among them that stands proud to me now's that you're postulating on issues that you've heard from complainers on the television yet you do no longer comprehend what they quite advise. you imagine you're wise because you watch diverse television and browse something on google and call it "information"? Do you ever end and picture for your self? by your question, you of direction do not even comprehend the origins, reward, and disadvantages of the electoral college. the nicely-known VOTE doesn't count number. The foundation of the electoral college change into rooted contained in the theory that a presidential candidate should be representative of a plurality of the 50 states, no longer basically an effortless majority in some states, which will nicely be have a bent to be very majority-orientated and subsequently tyrannical. The Electoral college protects different interests. in the different case, the final public would continually win, and dominate coverage. it really is no longer a real u . s .. See, the electoral college protects the smaller states from starting to be completely beside the point and almost unvoiced. It reweighs some man or woman votes, and also you are able to by some ability sense that votes were compromised, unfairly. yet imagine about some consequences of a prevalent vote as well. In effect, a prevalent vote should be manipulated by some large parts of inhabitants. In our modern-day gadget, the presidential candidate has to campaign to a majority-if no longer all 50- states, such as measly swing states. in the experience that they purely had to pander to particular maximum nicely-known interests on my own, their guidelines ought to all be very anti ecosystem, anti farmer, anti business employer, anti labor, or maybe with different minority the final public can squash! The eventualities human beings describe about the electoral college being unfair to them are incorrect on one count number: any state can bypass any direction. This forces the applicants to be extra in charge to extra different communities through the U. S.. in the different case, a president ought to change right into a tyrant with common inhabitants majority and no different tests and balances.

David · Answer

The liberals who control the Democrat Party are all rich. Most of them inherited their money from their parents or married it like John Kerry did.

The liberals who control the Democrat Party want power and control for themselves. The liberals who control the Democrat Party do not have the ability or the intelligence to make more money for themselves. The only thing that they can do is buy power and control for themselves with the taxpayer's money. 
  

The liberals who run the Democratic Party feel threatened by entrepreneurs who can make their own money on their own, using their own intelligence and effort.

The liberals who run the Democrat Party see entrepreneurs as a threat to the power and control to which they feel entitled. 

.
.

Anonymous · Answer

Being a millionaire in the USA is easy......if you are in the USA legally, and are 35 or older and NOT a millionaire (at least "on paper") then you screwed up somewhere along the line! NOBODY cares how much money Romney has, what thinking people care about is what percentage of it he pays in to the pool of cash we use to fund the Military, the government, and the "support system" the US Constitution obliges Americans to fund.......Mittens could earn a gazillion dollars for all I care, I'd just be happy if he paid the same effective RATE in taxes that Obama does, and I do....

And you LIE when you say Mittens gave that money to charity.....he gave it to a cult that believe in a "God" who lives on Planet Kolob......that is NOT the same as helping "people in need".....VAST numbers of the 'Mormon Faith' are DEAD PEOPLE that the LDS converted after death.....they really do not need any help, trust me!

Lincoln Was A Conservative · Answer

Obama said it all in the debate, when he accused Romney of having a bigger pension plan, as if that is a bad thing.

Democrats are all about envy and class warfare. They take their playboook directly out of Karl Marx's "Communist Manifesto."

They are just the rabble rousers who expolit poor and ignorant people to gain poltical power.

Byron · Answer

Griggnax has it right. While Romney has his own money invested the the Caymans, obama has OUR money invested in the Caymans for his retirement.

Keariyon · Answer

Obama has a better plan also Romney is cutting off government benefits such as food stamps, health care, and most of all social security and more something poor people like me depend on. Also Obama is a millionaire but he has donated thousands and millions of dollars to the poor and has helped many poor people out. Romney has donated jack. He says he Mormon and he doesn't even donate 10% of his check to the church like a real Mormon is supposed too. Romney is no good only Obama can fix this country like he has in the past 4 years.

Sssssssss · Answer

Obama's net worth is 11 million dollars. Willard Romney the thirds net worth is 200 million dollars. That is Romney's official net worth. It does not show the money he has stashed into tax free paradises like Bahamas and Cayman Island. Swiss accounts also help him. If he were to reveal all his hidden wealth it would probably be close to a billion. Yeah I know, I know. It is too hard to understand this with a pea redneck brain destroyed by moonshine and meth.

Kchess07 · Answer

Obama voters do a lot of "talk".  They need to do a little more "think".

Trending News

Romney and Obama are both millionares, I keep hearing dems talk about not liking Romney cause he's rich?

17 Answers