Romney: "Corporations Are People."

[Obama 2012 1,714]

The 'hate' and ignorance by the DNC (Densely Neurologically Challenged) here is amusing.

They'll cry about corporations, but then forget that most small businesses are corporations themselves.

Romney is right, just as 'unions are people too' as well. A group of people will a common interest is still made up of individual people. Many seem to forget that.

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http://www.latimes.com/news/politics/la-pn-romney-state-fair-20110811,0,1863810.story

Reporting from Des Moines, Iowa—

Campaigning in Iowa Thursday, Mitt Romney told a heckler, “Corporations are people, my friend”—words immediately seized upon by Democrats in what they termed as a possible defining statement by the presidential candidate.

Romney, speaking to a crowd of hundreds at the Iowa State Fair, was being pressed about raising taxes to help cover entitlement spending. When one mentioned raising corporate tax rates, Romney responded by saying corporations were no different than people. The line earned him a sustained round of applause from the crowd.

But the Democratic National Committee fired off blast emails almost immediately after the remarks, as part of a continuing effort to frame the GOP frontrunner as an out-of-touch elitist.

“This is what Mitt Romney is going to run on?” wrote DNC spokesman Brad Woodhouse.

Romney is in Iowa as part of a low key effort to garner support in advance of the Ames Straw Poll Saturday. The former Massachusetts governor is on the ballot, but won’t be participating in the event and isn’t expected to be among the top finishers. Still, his campaign is hoping that he’ll beat expectations.

He was warmly, if not ardently, received by the state fair crowd, baking under the hot August cloudless sky. And he continued to hammer President Obama on the economy, never once mentioning his fellow rivals for the Republican nomination.

“We’re being led by a fine fella, but he’s out of his depth,” Romney said. “He just doesn’t understand how the economy works.”

He had nothing to say about the debt ceiling fight, the upcoming deficit negotiations on Capitol Hill, or the downgrade of the United States’ credit rating by Standard and Poor’s.

And interestingly, while other GOP competitors such as Tim Pawlenty are here highlighting their executive experience, Romney played down his four years in office in Massachusetts, instead pointing to his work as venture capitalist in the private sector. “Let’s send some citizens to Washington,” he said.

A small band of hecklers, positioned near the stage, continually pressed Romney on how he would protect Social Security, Medicare, and Medicaid—and quarreled with him about whether wealthy Americans should pay higher taxes.

“There was a time in this country when we didn’t attack people based on their success,” Romney said.

The exchange seemed to animate the candidate, pushing him to sharpen his rhetoric. “Barack Obama is killing this economy!” he growled.

After his brief remarks, Romney toured the fairgrounds, where just about every form of foodstuffs can be found either fried, or on a stick, or both. He stopped at an old-time portrait studio and a Chinese noodle stand, telling people again and again, “I’m Mitt Romney, and I’m running for president.”

He met up with Iowa Sen. Chuck Grassley and the two of them proceeded to the pork tent, where they grilled sausages together. Later Thursday, Romney will participate in a debate in Ames sponsored byFox News Channel.

His campaign is bracing for entry of Rick Perry into the race. Polls suggest Perry has the potential to endanger Romney's front-runner status. Perry woin't be debating Thursday, but former Utah Gov. Jon Huntsman, a consistent antagonist on the campaign trail, will be present and is expected to target Romney in his remarks.

[^_^ 5,021]

There is a very anti-corporatist mood out there and it cuts across party lines. "Corporations are people too" may be legally true, but it can still be a damaging soundbite.

[mawilson 2,133]

They'll cry about corporations, but then forget that most small businesses are corporations themselves.

They are? I thought most of them were LLCs - pass-through tax entities.

[IR5FORMUMSIE 850]

They are? I thought most of them were LLCs - pass-through tax entities.

That was my understanding of it.

[mawilson 2,133]

That was my understanding of it.

LLCs are not corps.

[elmcitymaven 9,712]

on the LLCs. Even being an S-corp is a hell of a lot more work than setting up as an LLC.

[Bad_Daddy 2,209]

Romney is a snake.

[IR5FORMUMSIE 850]

LLCs are not corps.

Unless I missed something. LLCs are not required to do much, S-corps require a BOD and all that other nonsense. C-corps are even more onerous in terms of filings but I lost track of what the OP means or how LLCs fulfill his idea of a corporation. LLC are not corporations or has something changed that I should know about?

Romney is a snake.

What kind of snake, a bull (#######) snake? :rofl:

[Obama 2012 1,714]

They are? I thought most of them were LLCs - pass-through tax entities.

depends on how old the business is.

Most of your small businesses that have been around pre-LLC craze(more than 15-20 years old), are actual corporations.

Your newer busineses typically will start out as LLCs however.

[I AM NOT THAT GUY 5,715]

depends on how old the business is.

Most of your small businesses that have been around pre-LLC craze(more than 15-20 years old), are actual corporations.

Your newer busineses typically will start out as LLCs however.

It really doesn't matter for the sake of this discussion. Tell the Libs that the same First Amendment guarantees apply to unions and political organizations, and they bite their tongues. It's like magic.