Guess whose planet you are living on.
... and that'd be a planet purchased with GOVERNMENT SUBSIDIES:
Investors in Tagg Romney's firm, Solamere Capital, could hit the jackpot if his father wins.
http://www.thenation.com/article/170470/tagg-team-romney-family-recipe-crony-capitalism
Unlike most private equity firms dedicated to analyzing and buying companies, Solamere specializes in something else: billing itself as a fund of funds with unparalleled networks, it provides investors with unique access to an elite set of other private equity firms and hedge funds. Sun Capital Partners, the fund founded by Leder, is one of at least thirteen Romney-linked firms in Solameres network, according to a prospectus circulated among potential investors and uncovered by The Boston Globe last year. Solamere also has an investment relationship with Bain Capital, the pioneering fund founded by Mitt Romney.
Have you ever thought there seems to be an awful lot of people who need motorized wheelchairs at MEDICARE's expense???
Take Leder, Romneys Boca Raton host, whose Sun Capital firm bought a stake in the Scooter Store last year. The company, known for its ubiquitous television ads promising seemingly free motorized wheelchairs for Medicare beneficiaries, has struggled as the Centers for Medicare and Medicaid Services, the federal agency that governs the programs, implements rules to curb rampant billing fraud. As a CMS report noted last year, 80 percent of the claims for scooters and power wheelchairs did not meet Medicare requirements, meaning that $492 million a year is being improperly spent.
In 2007, the Scooter Store gave up $13 million in Medicare payments and paid $4 million to settle with the Justice Department over allegations that it had overbilled for its electric wheelchairs. The company, which has been bleeding money over the years as regulators moved to curb waste, still faces challenges that could make or break its business modelchallenges that could be mitigated by pressure from the executive branch.