Friday, August 24, 2012

Romney lambastes Obama, then states same view

It's hard to be understood when talking with a silver spoon in your mouth.

Mitt Romney told a group of donors Thursday night that big business is "doing fine," in part because of overseas tax havens -- like the ones he has used in Switzerland and the Cayman Islands to shelter his wealth. "Big business is doing fine in many places," Romney said at a fundraiser in Minnetonka, Minn. "They get the loans they need, they can deal with all the regulation. They know how to find ways to get through the tax code, save money by putting various things in the places where there are low tax havens around the world for their businesses." Romney criticized his rival, President Barack Obama, earlier this summer for saying "the private sector is doing fine" -- a statement Obama was forced to clarify, if not retract, after it was widely quoted as proof that he was out of touch with struggling Americans. Romney was trying to draw a distinction between big and small businesses, arguing that regulations on small business need to be reduced, but his remarks are likely to expose him to the same criticism Obama faced.

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