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Author: arrete Big funky green star, 20000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 726023  
Subject: x-post from CF Date: 10/6/2012 1:36 PM
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Sigh. I did it again. Posted on the wrong board, though I imagine they'll "enjoy" the article, too.
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Good GardenBunny! Mitt is either too rich or not rich enough.

>> But exactly how wealthy is Romney? The figure that gets tossed around is $250 million in net worth — meaning the total value of his assets, financial and others, minus any debts.

It’s a big number, but frankly, it seems low. Given the industry in which he made his fortune (private equity), the era when he made it (the 1980s and 1990s) and the wealth of his peers in that business (mostly billionaires), Romney should be worth a good bit more than that.

Why isn’t he?
.....

Politically, the alternatives are not great. If he were perceived as the first real billionaire to run for president, it would only exacerbate popular doubts about how someone living so removed from the concerns of average Americans — or even just 47 percent of them — could effectively represent them.

And if he is not a billionaire, doesn’t it suggest that he was not a great private-equity investor after all, thus torpedoing his claim to understand how to create jobs and get the economy back on track? <<
http://www.washingtonpost.com/opinions/mitt-romney-is-worth-......

D@mned if he is or isn't.

arrete - next I expect a story on how evil Mitt is because he has Cheerios for breakfast, but if he had eggs instead, he'd still be evil because he wasn't having Cheerios.
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