Tuesday, July 3, 2012

Romney Exposed by Vanity Fair

Vanity Fair: Where the Money Lives

“What Romney does not get,” says Jack Blum, a veteran Washington lawyer and offshore expert, “is that this stuff is weird.”

. . . Despite numerous entreaties from Vanity Fair to Bain Capital to address on the record points in this article with which it might disagree, the firm refused to do so and instead provided this statement: “When politics overwhelm fact, some will distort or cherry-pick our record and launch unfounded allegations and insinuations. The truth and the full record show that Bain Capital operates with high standards of integrity and excellence in compliance with all laws. Any suggestion to the contrary is baseless."


Today we’re learning more about Mitt Romney’s bets against America. Vanity Fair’s raising important questions about Romney’s offshore accounts in foreign tax havens, including his mysterious corporation in Bermuda, his funds in the Cayman Islands, and the Swiss bank account he opened. The question is, why? Was he avoiding paying his fair share of U.S. taxes? Was he hedging against the dollar? Until he releases his tax returns from that period, Americans will never know. This raises serious questions. If he has nothing to hide, why doesn’t he just release his tax returns?
~ Obama campaign spokesman Ben LaBolt via Politico

President Obama’s attacks on Mitt Romney have been proven false time and again. As job growth slows, manufacturing activity stalls, and our economy continues to sputter, President Obama knows he can’t make a legitimate argument for another term in office, so instead he is trying to tear down his opponent. This is just the latest example of President Obama and his political machine saying or doing anything to distract from his abysmal record over the last four years.
~ Mitt Romney Spokeswoman Andrea Saul via Politico

This pattern of elusiveness is hardly confined to Romney’s finances, but rather defines his public life. When he left the governor’s mansion, Romney staffers made a concerted effort to eradicate digital data by removing hard drives and deleting emails, despite the state’s public record laws. Romney is also the first major presidential candidate in almost 15 years who has refused to reveal his bundlers, the mega-donors who help fundraise for campaigns. Altogether, it’s made him one of the most secretive presidential candidates in modern history, leading Democrats to argue that he must be hiding something.
~ Alex Seitz-Wald on Salon

Mitt Romney retired from Bain Capital in February 1999. He has had no involvement in the management or investment activities of Bain Capital, or with any of its portfolio companies since that time.
~ Bain Capital spokesperson in email to Mother Jones

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