'Corporations are people'

Via Dave Weigel, here's video of Mitt Romney's tense moments at the Iowa State Fair, including a comment that he'd probably rephrase if given the chance, that, "corporations are people, my friend!" (POLITICO's Kasie Hunt also witnessed the exchange) The argument was that money gets into people's pockets through companies, but that won't be the takeaway when it's spliced into a negative ad.


Also per Weigel, Romney responded to Ben's story about Massachusetts' tax-inclusive pitch to S&P to elevate its credit rating when the current candidate was governor:

Romney deftly elided the question, explaining what tax loopholes were. "We had banks that classified themselves as real estate companies to get tax breaks," he said. He was open, he said, to closing loopholes. Just not raising taxes.