Mitt Romney is going to eat $45 million in loans he made to his presidential campaign rather than ask for donations to pay them off. But remember, his big claim to the presidency was that he was an experienced businessman. Guess he didn't recognize what a bad investment his candidacy was. I'm still laughing at the Letterman line for why he wasn't elected - he thought there were far more Osmonds than there really are.
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Ed Brayton is a freelance writer and speaker. He is the co-founder and president of Michigan Citizens for Science and co-founder of The Panda's Thumb. He has written for such publications as The Bard, Skeptic and Reports of the National Center for Science Education, spoken in front of many organizations and conferences, and appeared on nationally syndicated radio shows and on C-SPAN. Ed is also a Fellow with the Center for Independent Media.(static)
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« Why Pan-Religious Cooperation Could be Bad | Main | Jesse Helms: Cross Dresser? »
Romney Writes Off $45 Million in Loans
Category: Politics
Posted on: July 18, 2008 9:16 AM, by Ed Brayton
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Politics
Comments
I am surprised to read this comment from you. His "investment", as you put it, will most likely pay dividends for years and years.
Posted by: yoshi | July 18, 2008 10:20 AM
Hell, Romney could still be President by next February (VP choice, McCain pulls of the upset and pulls a Harrison/Garfield). I think a fair number of businessmen would cheerfully sink $45 million in a decent, if high-risk, investment in a shot at the presidency.
Posted by: chancelikely | July 18, 2008 11:16 AM
I actually find this commendable. If only Hillary had the same amount of integrity.
Posted by: Julian | July 18, 2008 1:25 PM
Posted by: Martin Grant | July 18, 2008 2:09 PM
Aside from the comment about risking $45million being worth it for the chance (which I agree with), there's also a good chance that, um, 'friends' associated with the GOP are helping him out.
Posted by: Barry | July 18, 2008 3:11 PM