Friday, July 20, 2012

Mitt Romney finds John Galt. Sort of.

U.S. Republican presidential candidate and former Massachusetts Governor Mitt Romney gives a statement to reporters gathered at Middlesex Truck and Coach after he toured the facility during a campaign event in Roxbury, Massachusetts July 19, 2012. REUTERS/Jessica Rinaldi (UNITED STATES - Tags: POLITICS ELECTIONS) Mitt Romney shrugged (Jessica Rinaldi/Reuters) Mitt Romney, standing next to the owner of an auto repair shop in Roxbury, Massachusetts, announces to the media that he has finally found the self-made American man:
'This is not the result of government,' Romney told reporters, referring to Middlesex Truck & Coach after he toured the shop. 'This is the result of people who take risk, who have dreams, who build for themselves and for their families.'

Company owner Brian Maloney, 69, agreed with Romney's assessment. 'I take umbrage at the suggestion that people don't start and build businesses,' Maloney said.

Except there's a catch:
But in an interview with Boston-based reporter Jon Keller of WBZ-TV, Maloney acknowledged that his business received some government help. 'The only way I was able to come here, because I had no money, was with an industrial-revenue bond,' Maloney said in the interview. Industrial-revenue bonds are typically issued by local and state governments to attract new business to an area.
In Maloney's defense, there's nothing wrong with taking advantage of things like that. And Mitt Romney has gotten a heck of a lot more in subsidies and bailouts from government at all levels than Maloney could dream about.


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