Category Archives: Romney

Romney’s International Policy Experience.

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For months, Democrats have touted the foreign policy expertise of President Obama.  Sure, he ended the war in Iraq and ordered the capture or killing of Osama bin Laden.  But that pales compared to Mitt Romney’s international experience.

True, Mitt hasn’t dealt with any foreign leaders, but he “saved” the Salt Lake City Winter Olympics and he has years of experience dealing with foreign banks.  He not only had a Swiss bank account.  He owned several shell corporations in the Bahamas, bank accounts in Luxembourg and more bank accounts in Grand Cayman.

Of course, as a multi-millionaire, Romney is a highly-experienced international traveler.  There’s hardly a resort in the world that he hasn’t visited.  Moreover, while heading Bain Capital, Romney outsourced American jobs to China.

We’ve also learned that Mitt founded Bain Capital with funds from powerful families in Central America; the same families who controlled death squads in El Salvador and Nicaragua.

So take that, Democrats.  When it comes to experience with foreign currency, Romney is practically another Henry Kissinger.

Nausea And Palin Are Synonymous.

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Snarky Sarah doesn’t like President Obama’s speeches.  She calls them nauseating, probably because he’s using big words she doesn’t understand – like ethics and civility.

In the past four years nobody has epitomized snarky attacks more than Palin.  From the time she burst onto the national political scene at the 2008 Republican National Convention, she has shown a mastery of disgusting and cheap attacks that few possess.

Of course, anytime anyone struck back, she cried foul.

Now she’s outraged that the pro-Obama super PAC, Priorities USA, has attacked Romney’s role in Bain Capital.  She has accused the PAC of coordinating its efforts with the Obama campaign and she demands an investigation.  She has even accused the mainstream media of “prostituting themselves for a job, for interviews, for access to the Obama administration…”

Hmmm…you sure you want to go there, Sarah?

Instead of finding issues with the Obama campaign, the investigation just might reveal the extent of the coordination between GOP super PACs, Fox News Channel, the Romney campaign and you.

When Did It Become Patriotic To Avoid Paying Income Taxes?

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Mitt Romney has been smart and very lucky.  The son of a famous father, he has used his privileged childhood and education to make millions – often by bankrupting companies and offshoring American jobs.  To make himself even wealthier, he also offshored his money in Switzerland, Bermuda, the Cayman Islands and Luxembourg.

That allowed Romney to pay income taxes at a rate of less than 15 percent in 2010. Now insiders from Bain Capital claim that Romney didn’t pay any income taxes at all for at least 10 years before that!

No wonder he doesn’t want to release those tax forms.

But Teapublicans don’t see anything wrong with such behavior.  Many even claim that it’s patriotic to avoid paying taxes.  Seriously?  That’s your definition of patriotism?

You can ignore the sacrifice of soldiers who have served 5, 6 or more tours of duty in a war zone?  You can ignore those who take less than they deserve to serve soldiers in Veteran’s hospitals?  You can diminish those who work long hours for little money to teach children?  You can ignore those who risk their lives to save others as first responders?

None of that is patriotic according to Romney’s supporters.

According to them, true patriotism is squeezing every possible dime from your tax form.  It’s cutting food stamps for the poor.  It’s turning your back on homeless veterans and homeless children.  It’s allowing thousands to die each year for lack of access to healthcare so you can buy another vacation home or a bigger yacht.

If this is the Republican definition of American patriotism, it’s time for the party to crawl into the deepest recesses of history.

Israel Adds Another Clown.

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This week, a group of medical clowns gathered in Haifa, Israel.  They were there to discuss techniques that may help children relax during medical procedures and keep up their spirits in order to improve outcomes.

But they weren’t the only clowns in Israel this week.

As they were practicing balloon animals, Mitt Romney was clowning around in Jerusalem.  Only there was nothing funny about Romney’s performance.

After insulting the British with his comments about the lack of preparation for the London Olympics, he was labeled “The American Borat” by a German publication.  Then, during his trip to Israel, he insulted Palestinians by calling Jerusalem the Israeli capitol.  As if that weren’t bad enough, he further insulted the Palestinians by stating the difference between the Israeli economy and the Palestinian economy was that Israel has a superior culture.

Saeb Erekat, a senior aide responded by saying, “It is a racist statement and this man doesn’t realize that the Palestinian economy cannot reach its potential because there is an Israeli occupation.”

Mitt, please come home soon!  The US is trying to broker peace between Israel and Palestine.  Not create another war.

“The American Borat.”

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Last week, Mitt Romney created a stir by stating that there were “disconcerting” signs that the British were not fully prepared for the London Olympics.  His comments led one British publication to call him “Mitt the Twit.” In addition,  a German publication labeled Romney “The American Borat,” and wondered what Romney would do for an encore during the remainder of his trip to Israel and Poland.

Prime Minister David Cameron responded to the comments stating, “It’s more difficult to organize the Olympics in one of the busiest, most active cities in the world than if you held the Olympic Games in the middle of nowhere.”

This, of course, was an obvious slam at Romney’s crowning achievement of “rescuing” the Winter Olympic Games in Salt Lake City.

Good thing Mitt is visiting some of our staunchest allies rather than nations where diplomacy and sensitivity are truly needed.

What Mitt Believes In.

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It’s ironic that Mitt Romney’s campaign slogan is “Believe in America,” because he obviously doesn’t.

What does he believe in?

In a word, money.  His money.  It doesn’t matter if it’s in dollars, francs, pounds, euros, rmb…whatever.  Mitt believes in possessing it.  Lots of it.  And he doesn’t like giving any of it away for taxes.  That’s why he’s used an assortment of tax havens and accounting tricks to keep his tax rate below that of most working people.

Of course, Mitt doesn’t mind that others have to make up for the taxes he dodges.  Based on his tenure with Bain Capital, he doesn’t mind that their jobs are shipped overseas, either.  Or that their companies are dissolved leaving them without jobs, benefits or pensions.

In fact, he’s already said that he’ll cut other jobs if elected president.  He wants to eliminate or combine numerous federal agencies, including the Department of Education and the Department of Housing and Urban Development.  He also wants to give his wealthy cronies a big tax cut; nevermind that the money to pay for it will come out of the pockets of the poor and middle class.

According to a new Joint Economic Committee study, the Romney-Ryan Budget Plan will increase taxes on those making $50,000-$100,000 by $1,300 per year.  It will cost those making $100,000-$200,000 $2,600 per year.  On the other hand, if you make $500,000-$1 million, you will get a check for $35,000.  And if you make more than $1 million, you’ll get a check for $285,000!

Moreover, it has been estimated that Romney’s proposed policies would create 800,000 jobs…overseas.  His tax cuts for corporations would reduce corporate tax revenue by more than $1 trillion over the next decade.  And, of course, he plans to repeal “Romneycare…er…Obamacare” increasing profits for insurance companies and big PhRMA.

Is it any wonder that Forbes magazine calls the Romney-Ryan Budget “A mistake of historic proportions?”

Mitt Also Outsourced The Olympics.

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Last week, Congress was in an uproar upon finding out that the uniforms for the US Olympic team were made in China.  As it turns out, this is not the first time.

Mitt Romney, who counts his experience as “savior” of the 2002 Winter Olympics among his qualifications to become president, outsourced the uniforms for the US Olympic team to Burma (AKA Mynamar).

But that should come as no surprise to anyone.  After all, Mitt outsourced jobs from numerous companies to other countries, just as he outsourced his money to Bermuda, the Cayman Islands, Luxembourg and Switzerland in order to avoid paying US taxes.

“Believe In America.”

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That’s the slogan for Governor Mitt Romney’s presidential campaign.

Believe in America?  Really, Mitt?

Is that why you bought US companies and outsourced their jobs to China, Mitt?  Is that why you stashed most of your money in Switzerland, Luxembourg, Bermuda and the Cayman Islands?  Did you invest in those tax havens instead of the US because you believe in America?

What of your secretive Sankaty High Yield Asset Investors, Ltd in Bermuda?  Did you create that offshore tax shelter because you believe in America?

What of your feeder tax havens in which you funnel money into the US so that you can skip the usual tax, disclosure and regulatory requirements you’d face if you invested directly in the US?  What of your investments in blocker corporations in the Cayman Islands and elsewhere allowing you to escape the Unrelated Business Income Tax?

Is that what people who believe in America do?

If you believe in America, Mitt, why are you taking campaign contributions from places like London and Macao?

I believe in America, Mitt.  But after looking at your business career and listening to your ever-changing opinions and excuses, I don’t believe in you.

The Felon-In-Chief?

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For some time, I have referred to Mitt Romney as the Panderer-In-Chief based on the corny speeches he has given on the campaign trail – “The trees just seem the right height here.”  Now I realize that his tendency to lie and pander to any audience is the least of his obvious faults.

Recent investigations into his 2010 tax return and Bain Capital have yielded an array of offshore accounts and questionable investments, such as an I.R.A. account of $102 million, even though Romney could only legally put $2,000 a year into the account for 15 years and, depending on the type of plan he used, another $30,000 per year.

That’s some rate of return!

There’s also the matter of his accounts in tax havens such as Bermuda, the Cayman Islands, Luxembourg and Switzerland. In talking with bankers and economists, I’ve confirmed that there are only two reasons to open accounts in those places: Secrecy and Tax Evasion.

It’s clear that Romney is one of many who are responsible for an estimated $100 billion in lost annual tax revenue by sending their money offshore, costing ordinary taxpayers an average of $484 a year.  In other words, you have to pay more taxes to make up for tax deadbeats like Romney.

Of course, as CEO and sole owner of Bain Capital, Romney practiced what his Republican rivals termed “Vulture Capitalism.”  He bought up cash rich companies, took the cash, and charged the companies large sums for “management consulting.”  Then when the cash ran out, he either fired the staff and outsourced the jobs overseas or dismantled what was left at salvage rates.

But that’s not the worst of it – at least for Romney.

The Boston Globe found that contrary to Romney’s statements, he was still involved in his company several years after he said he had resigned.  That doesn’t sound like a big deal, except that it means Romney likely committed one or more felonies.  You see, he filed a federal disclosure stating that he left Bain in 1999.  Yet the company’s SEC filing in 2002 listed Romney as “sole stockholder, chairman of the board, chief executive officer and president.”  This would make Mitt guilty of a federal felony for certifying on federal disclosure forms that he left active management of Bain Capital in February of 1999.

Oops!

If elected, Mitt could be our nation’s first presidential felon.  Moreover, if he lied on disclosure forms, he may have lied on his federal tax returns.  There are many other questions about Romney.  But his business dealings and finances are shrouded in secrecy.  Indeed, The Washington Post summarized the opinions of experts across the political spectrum by saying Romney’s disclosures were “the most opaque they have encountered.”

Now imagine the uproar if Teapublicans found that President Obama had offshore tax havens and shipped American jobs overseas.  The torch and pitchfork crowd would’ve already surrounded the White House.