How did we ever get into the mess we’re now in?

Democratic Presidential nominee candidates Senators Bernie Sanders (VT) and Elizabeth Warren (MA) continue to make the case that corporate America has harmed, and continues harming, the very field upon which they sow the seeds of their profit.

They further make the case that such governmentally-approved behavior is not merely injurious, but is unsustainable – if not fatal – to those same corporations, and ultimately, to the American economy upon which it feeds.

Citing examples of such greed and rapacious corporate profiteering by their über-wealthy owners and Wall Street overlords (to whom they are fiscally accountable and must share profits), and in conjunction with misguided Federal tax policy (led almost in whole part by Republicans), Senators Warren and Sanders show how overseas and foreign “outsourcing” – all in the name of increased corporate profits – have damaged average American families, including the cities, towns, and states wherein they reside, whom have all witnessed and suffered from wholesale corporate abandonment to foreign soil.

Slow learners are discovering that America’s narsicisstic wealthy “businessman” president – whom they elected, hoping he would be their knight in shining armor coming to their economic rescue – has also sold them out for his own self interests, exactly like his party’s predecessors. They were merely expendable pawns whom he deceived in his egocentric reality show/chess game. They’re merely the red-capped collateral damage in his monkey-business trade war.

Nowhere are the result of such policies more
plainly and painfully evident than in middle America,
where once-thriving factories have become hollowed-out shells
–
the veritable rotting skeletal corporate detritus which has
fostered and driven
the Opioid Epidemic in many states.

Once-renown industrial cities like Detroit, where the Big Three of the automobile industry – Ford, Chrysler, and General Motors – reigned since the early 1900’s, and supplied high-paying Labor Union wages with genuine, and significant healthcare and retirement benefits to generations of families. Children attended well-funded public schools, states and cities prospered, thrived and expanded exponentially. Teens who chose to attend college or university did so without incurring debt, and training for technically-skilled jobs and labor was supported by almost all secondary schools.

Then, as if seemingly unnoticed, small things began to change. It was if America’s hard-working men and women, and middle-class families had become the proverbial frogs in a pot of water, never noticing the water temperature was increasing, until they were boiled to death… while yet alive.

Life-saving medications like insulin for diabetics, antibiotics to treat and cure once-deadly infections, blood pressure medications which reduced strokes and many other hypertension-associated health problems, even the plastic bags which contained Normal Saline – typically given as adjunctive intravenous therapy in hospitals – began to be manufactured overseas, and along with it, came precipitous price hikes. So-called “pharma bros” took shockingly unjust and unimaginably avaricious pecuniary advantage of old-line medications – which had for years been off-patent – and jacked up their prices 5000%, or more, which placed them out of reach for many whose very lives depended upon them.

The giant, sloppy, wet kiss given to the Pharmaceutical Industry by Republicans under President George W. Bush in Medicare Part D didn’t help. Pharmaceutical companies were allowed to, and did, raise their prices, and Medicare – the single largest purchaser of medications in the world – was forbidden from negotiating for better, lower prices by that same law, which in turn, passed the price increases along to the insured, most of whom live on nominal, and fixed incomes.

Exorbitant pharmaceuticals hold patients hostage to disease,
as hapless physicians and feckless regulators are
paralyzed to become
Wall Street extortionists’ socioeconomic ransom.

The Supreme Court’s 2010 ruling in “Citizens United v. Federal Election Commission” which solidified corporate personhood, and essentially said that “money is free speech” has neither helped. For if money was free speech, then the poor man would have none (thus violating the Constitution’s Equal Protection clause of the 14th Amendment, and the First Amendment which guarantees Freedom of Speech), and our laws were, and are, written for all equally.

Neither has the subsequent 2014 Alabama case McCutcheon v. Federal Election Commission which “struck down

Mitt Romney “never wanted to be president,” says son Tagg.

The story behind Mitt Romney’s loss in the presidential campaign to President Obama

It was two weeks before Election Day when Mitt Romney’s political director signed a memo that all but ridiculed the notion that the Republican presidential nominee, with his “better ground game,” could lose the key state of Ohio or the election. The race is “unmistakably moving in Mitt Romney’s direction,” the memo said.

But the claims proved wildly off the mark, a fact embarrassingly underscored when the high-tech voter turnout system that Romney himself called “state of the art” crashed at the worst moment, on Election Day.

To this day, Romney’s aides wonder how it all went so wrong.

They console each other with claims that the election was much closer than realized, saying that Romney would be president if roughly 370,000 people in swing states had voted differently. Romney himself blamed demographic shifts and Obama’s “gifts”: federal largesse targeted to Democratic constituencies.

But a reconstruction by the Globe of how the campaign unfolded shows that Romney’s problems went deeper than is widely understood. His campaign made a series of costly financial, strategic, and political mistakes that, in retrospect, all but assured the candidate’s defeat, given the revolutionary turnout tactics and tactical smarts of President Obama’s operation.

One of the gravest errors, many say, was the Romney team’s failure, until too late in the campaign, to sell voters on the candidate’s personal qualities and leadership gifts. The effect was to open the way for Obama to define Romney through an early blitz of negative advertising. Election Day polls showed that the vast majority of voters concluded that Romney did not really care about average people.

These failures are now the subject of scrutiny by national GOP officials who say they plan to

Grover Norquist: “Romney was a ‘poopy head’.”

“…the president was committed, ah, elected on the basis that he was not Romney, and that Romney was a ‘poopy head,’ and you should vote against Romney – and he won by two points.”
–Grover Norquist

Norquist’s voice sound like he’s a pinko puss.

Not a man.

—

Grover Norquist: Obama Won Because He Called Romney A ‘Poopy Head’

The Huffington Post  |  By Luke Johnson Posted: 11/12/2012 9:12 am EST

Grover Norquist, founder and president of Americans For Tax Reform, has a new theory about why President Barack Obama won — he portrayed Mitt Romney as a “poopy head.”

“The president was committed; elected on the basis that he was not Romney and Romney was a poopy head and you should vote against Romney and he won by two points,” Norquist said on CBS’ “This Morning” Monday. “But he didn’t make the case that we should have higher taxes and higher spending, he kind of sounded like the opposite.”

Host Norah O’Donnell pushed back. “Well, I’m not sure that’s what the president called Mitt Romney, Grover,” she said. “That’s not the debate that was had … he said very clearly throughout the debate that the

The Oracle at Delphi: Mitt Romney’s direct tie to increased unemployment in North Alabama

The average reader may not be aware that there was once a huge Delphi plant in Limestone county, Alabama, which facility was located directly across from Calhoun Community College.

Mitt Romney owned a significant interest in a firm that profited by laying off workers, dumping their pensions, moving to China, and then profiting rapaciously from the TARP bailout. That large plant – one among many, with the largest one being in Alabama – was the Delphi Steering Gear facility in Tanner, near Decatur, in Limestone County.

It was one of North Alabama‘s LARGEST employers – with emphasis on “was.”

The men & women who made careers there, whose labors enabled their children to attend college, provided their families’ clothing, groceries, housing & healthcare, and provided for their own retirement, and which was a union shop, was shuttered several years ago.

Most of what news I recall about it centered around how corporate traders, not unions, were wanting even more & more profit when they were already profitable. Time and time again, the workers took cuts in benefits & pay to keep their jobs for as long as they could… all to no avail.

Like a gazelle savaged on the plains of the Kalahari Desert in Africa, that once prosperous plant has been laid to waste, and there are only industrial skeletal remains. Even the human buzzards, scavenging metal for recycling from the industrial carcass, have left. For many years now, the hollow exterior hulk, instead of employees, materials & labor, has been drawing cobwebs, dust & rust. And soon, like all things left unattended, it too will crumble.

There are no taxes paid to Limestone county, or to nearby Decatur, Athens or Huntsville, or to Alabama for roads, schools, police & fire protection. But there is an even greater issue, one which is exceedingly more weighty and sorrowful. As a result of it all, there is no hope, there are no jobs, and there is no future.

Here’s the even more disturbing part: Mitt Romney had his hand in that pie.

And yet the saddest and most perplexing part is, that most Alabamians will vote for the GOP nominee/candidate.

Following the economic investigative report are historical local news reports that show the progression about the issue (which validate the economic investigative report by Greg Palast), from the:
• Decatur Daily,
• Huntsville Times,
• Associated Press,
• Athens-Limestone News Courier,
• Saginaw News (via MLive.com), and
• Wall Street Journal,
dating 2005, 2007, 2008, 2009 & 2010.

For the benefit of the reader, Greg Palast is an economist and financial investigator turned journalist whose series on vulture funds appeared on BBC Television’s Newsnight. He is the author of The Best Democracy Money Can Buy (Penguin) and, most recently, Billionaires & Ballot Bandits: How to Steal an Election in 9 Easy Steps (Seven Stories). For additional information about him, his website is: http://www.gregpalast.com.

—

Mitt Romney’s Bailout Bonanza

Greg Palast, October 17, 2012   |    This article appeared in the November 5, 2012 edition of The Nation.

This investigation was supported by the Investigative Fund at the Nation Institute and by the Puffin Foundation. Elements of it appear in Palast’s new book, Billionaires & Ballot Bandits: How to Steal an Election in 9 Easy Steps (Seven Stories). Research assistance by Zach D. Roberts, Ari Paul, Nader Atassi and Eric Wuestewald.

2012 GOP Presidential Nominee Mitt Romney (AP Photo/Evan Vucci)

Mitt Romney’s opposition to the auto bailout has haunted him on the campaign trail, especially in Rust Belt states like Ohio. There, in September, the Obama campaign launched television ads blasting Romney’s November 2008 New York Times op-ed, “Let Detroit Go Bankrupt.” But Romney has done a good job of concealing, until now, the fact that he and his wife, Ann, personally gained at least $15.3 million from the bailout—and a few of Romney’s most important Wall Street donors made more than $4 billion. Their gains, and the Romneys’, were astronomical—more than 3,000 percent on their investment.

It all starts with Delphi Automotive, a former General Motors subsidiary whose auto parts remain essential to GM’s production lines. No bailout of GM—or Chrysler, for that matter—could have been successful without saving Delphi. So, in addition to making massive loans to automakers in 2009, the federal government sent, directly or indirectly, more than $12.9 billion to Delphi—and to the hedge funds that had gained control over it.

One of the hedge funds profiting from that bailout—
$1.28 billion so far—is Elliott Management, directed by 
Paul Singer. According to TheWall Street Journal, Singer has given more to support GOP candidates—$2.3 million—than anyone else on Wall Street this election season. His personal giving is matched by that of his colleagues at Elliott; collectively, they have donated $3.4 million to help elect Republicans this season, while giving only $1,650 to Democrats. And Singer is influential with the GOP presidential candidate; he’s not only an informal adviser but, according to theJournal, his support was critical in helping push Representative Paul Ryan onto the ticket.

Singer, whom Fortune magazine calls a “passionate defender of the 1%,” has carved out a specialty investing in distressed firms and distressed nations, which he does by buying up their debt for pennies on the dollar and then demanding payment in full. This so-called “vulture investor” received $58 million on Peruvian debt that he snapped up for $11.4 million, and $90 million on Congolese debt that he bought for a mere $20 million. In the process, he’s built one of the largest private equity firms in the nation, and over decades he’s racked up an unusually high average return on investments of 14 percent.

Other GOP presidential hopefuls chased Singer’s endorsement, but Mitt chased Singer with his own checkbook, investing at least $1 million with Elliott through Ann Romney’s blind trust (it could be far more, but the Romneys have declined to disclose exactly how much). Along the way, Singer gained a reputation, according to Fortune, “for strong-arming his way to profit.” That is certainly what happened at Delphi.

* * *

Delphi, once the Delco unit of General Motors, was spun off into a separate company in 1999.

Paul Ryan & campaign bum rush Ohio Catholic charity soup kitchen for Fake Photo Op (fauxtaux)

“Everything they do is for show. On their arms they wear extra wide prayer boxes with Scripture verses inside, and they wear robes with extra long tassels.”
–Jesus Christ, Matthew 23:5 (NLT)

—

Charity president unhappy about Paul Ryan soup kitchen ‘photo op’

By Felicia Sonmez , Updated: October 15, 2012

Paul Ryan & wife “wash” already clean dishes for a fake photo op in Youngstown, OH.

The head of a northeast Ohio charity says that the Romney campaign last week “ramrodded their way” into the group’s Youngstown soup kitchen so that GOP vice presidential candidate Paul Ryan could get his picture taken washing dishes in the dining hall.

Brian J. Antal, president of the Mahoning County St. Vincent De Paul Society, said that he was not contacted by the Romney campaign ahead of the Saturday morning visit by Ryan, who stopped by the soup kitchen after a town hall at Youngstown State University.

“We’re a faith-based organization; we are apolitical because the majority of our funding is from private donations,” Antal said in a phone interview Monday afternoon. “It’s strictly in our bylaws not to do it. They showed up there, and they did not have permission. They got one of the volunteers to open up the doors.”

He added: “The photo-op they did wasn’t even accurate. He did nothing. He just came in here to get his picture taken at the dining hall.”

Ryan had stopped by the soup kitchen for about 15 minutes on his way to

Mitt Romney won’t intervene in Bain’s export of 170 American jobs to China

The company is profitable.

Sensata Technologies, 2520 S. Walnut Road, Freeport, Illinois – which was created by Bain Capital in 2006 – develops, manufactures, and sells sensors and controls for major auto manufacturers such as Ford and General Motors.

Despite rising profits, the company plans to institute the final layoffs in November. The workers are training their Chinese replacements, who have been flown to Illinois by the company.

Republican presidential candidate Mitt Romney is a co-founder of Bain Capital, the private equity investment firm that created Sensata. According to SEC filings, Romney served as CEO of Bain Capital from its founding in 1984 until 2002. Romney, however, has repeatedly said he left the company in 1999.

The employees’ website is Bainport.com.

—

Why Romney can’t save the Sensata workers

By Dan Primack September 18, 2012: 4:43 PM ET

Sorry, but Mitt Romney won’t save the Freeport jobs

Protesters want Mitt Romney to intervene on their behalf.

FORTUNE — As Occupy Wall Street celebrated its one-year anniversary yesterday in Zuccotti Park, a much smaller group of protesters set up camp in the northwestern Illinois town of Freeport. They called it called BainVille, in sarcastic homage to the private equity firm they blame for outsourcing their jobs to China.

What the protesters want is for Mitt Romney to intervene on their behalf, leveraging both his national profile and his relationship with Bain Capital executives. And, in theory, it makes sense. After all, what presidential candidate wouldn’t want to help save 170 American manufacturing jobs? Particularly someone who talks about getting tough with China?

But it simply isn’t going to happen.

For the uninitiated, here’s a quick backgrounder: Late last year, a Bain-owned company called Sensata Technologies (ST) agreed to

Romney Speech Offers Few Differences With Obama Policies

Romney Speech Offers Few Differences With Obama Policies

Mitt Romney’s speech on foreign policy did more to highlight his similarities with President Barack Obama than to draw sharp distinctions over handling global affairs.

In an address yesterday at the Virginia Military Institute, the Republican presidential nominee accused Obama of lacking a strategy for the Middle East, saying the region faces a higher risk of conflict now than it did when the president took office.

“I know the President hopes for a safer, freer, and a more prosperous Middle East allied with the United States. I share this hope. But hope is not a strategy,” Romney told cadets and military officials in Lexington, Virginia, during his fifth visit in four weeks to the politically competitive state.

Still, Romney offered few details of his own approach, and in his attempt to appeal to a broader base of American voters, he echoed several policies already being pursued by Obama, said Charles Kupchan, a U.S. foreign policy specialist at the Council on Foreign Relations.

“The speech struck me as more moderate than previous ones, with less bluster and less neoconservative rhetoric,” Kupchan said in a phone interview, referring to a school of political thinking that emphasizes unilateral American leadership and military power. “The problem for Romney is when you take out the neocon rhetoric, he starts looking a lot like Obama.”

Presenting the 60/40 Rule: NO MORE China buying U.S. Treasury Notes

Mitt Romney, during the first Presidential Debate of 2012, said, “I’m sorry, Jim. I’m going to stop the subsidy to PBS. I’m going to stop other things. I like PBS. I love Big Bird. I actually like you too. But I’m not going to — I’m not going to keep on spending money on things to borrow money from China to pay for it. That’s number one.”

In a previous post I opined how his plan is asinine, because it represents only 0.0012% of the budget.

In a separate post in a different forum, in a thread in response to the topic of cutting PBS, someone wrote that no one (agency) wanted to take a cut, and that Mr. Romney had a valid point about borrowing from China.

That is a concern, and a valid point with which I share similar sentiment, that not only is it bad fiscal policy to borrow, but it is even more dangerous to allow a majority share of any nation’s debt to be held by foreign nations, multinational corporations and others not loyal to the United States. It is a matter of national security, with which the Joint Forces Command

Do We Now Know Enough About Mitt Romney’s Taxes?

MAKING SEN$E — September 28, 2012 at 5:04 PM EST

By: Paul Solman

US Republican presidential candidate Mitt Romney speaks at a town hall meeting at Central High School in Grand Junction, Colorado, on July 10, 2012, where he said he has ‘nothing hidden’ in his taxes. Photo by: Nicholas Kamm/AFP/Getty Images

It’s hard enough to figure out my own taxes every year without having to worry about Mitt Romney’s. But because the issue of Romney’s taxes has come to loom so large, I thought I’d better get some professional advice. So I sought out a friend, estate planning lawyer Matthew Berlin, who has modest clients like me as well as the high and well-heeled, some of them with assets abroad. I asked him if we now knew all we need to know, at least with respect to the tax returns Mitt Romney has disclosed publicly.

No, said Matthew. There are a host of questions that any inquiring tax attorney or journalist might ask. Without them, a true picture of Romney’s finances would be impossible. So I asked Matthew if he wouldn’t share the questions with us. Here they are:

Guess what? Mitt Romney STILL pays a lower tax rate than you… you 47% slob.

You sleazebag, free-loading, dirtbag, entitlement-minded, mamby-pamby, wussified, two-bit, grifter…

No, not you, dear reader.

Mitt Romney.
—

Romney paid $1.9 million in 2011 taxes

Washington Post

Published 11:13 p.m., Friday, September 21, 2012, By Philip Rucker, Jia Lynn Yang and Steven Mufson

Mitt Romney paid $1.9 million in taxes on $13.69 million in income in 2011, most of it from his investments, for an effective rate of 14.1 percent, according to hundreds of pages he released Friday in a move to quiet political controversy over his personal finances.

Wall Street Crap Shoot – h (Photo credit: SouthernBreeze)

The Republican presidential nominee could have paid less in taxes, but he engineered his 2011 returns to

Mitt Romney’s 47% gaffe makes him 100% unsuitable to be president

It is Romney’s only unerring quality that he constantly affirms his stereotype. And this could be the week that sinks his challenge

by Michael Cohen
guardian.co.uk, Tuesday 18 September 2012 12.20 EDT

If the Republican primaries and presidential campaign have taught us anything, it is that Mitt Romneyis not very good at politics. Incessant gaffes, strategic missteps, a paucity of policy prescriptions and a plethora of head-scratching tactical decisions have come to define his run for the White House. Quite simply, Mitt Romney is a bad politician.

Mitt Romney: “My job is not to worry about those people.” Photograph: Jim Young/Reuters

But on Monday night, we learned something new – and profoundly unsettling – about him: he may very well also be a bad person.

I don’t use those words lightly, but I’m not sure how else to interpret the comments he made at a closed-door fundraiser that were posted online by Mother Jones. They are devastating. They suggest a level of meanness and divisiveness in Romney’s personal character that is disturbing – even disqualifying for the nation’s highest office.

Look at how Romney classifies the 47% of Americans who don’t pay federal income taxes:

“[They] will vote for the president no matter what. All right, there are 47% who are with him, who are dependent upon government, who believe that they are victims, who believe the government has a responsibility to care for them, who believe that they are entitled to healthcare, to food, to housing, to you-name-it. That that’s an entitlement. And the government should give it to them. And they will vote for this president no matter what … These are people who pay no income tax …

“[M]y job is is not to worry about those people. I’ll never convince them they should take personal responsibility and care for their lives.”

This is a breathtaking statement: a fundamental misunderstanding of

Mitt Romney shoots off his Foot-In-Mouth Disease… again.

There are so many hilarious headlines that could be written.

What an utter idiot.

The Secret Service can protect him from others, but they can’t protect Mitt from his own political suicide.

More signs of President Obama’s re-election.

Oh… and be certain to read the comments following the story.

—

Romney’s statement perfectly undiplomatic

Mitt Romney makes remarks on the attack on the US consulate in Libya (Reuters)September 12,

2012 6:41 pm, by Edward Luce

There are moments that can indelibly brand a politician and Mitt Romney may just have met his.

U.S. Republican presidential nominee and former Massachusetts Governor Mitt Romney makes remarks on the attack on the U.S. consulate in Libya, in Jacksonville, Florida September 12, 2012. REUTERS/Jim Young (UNITED STATES – Tags: POLITICS ELECTIONS)

The alacrity – and brittle certainty – with which the Republican nominee responded to the violence against US diplomats on Tuesday night offers a snapshot of why his candidacy has failed to attract true believers. On Wednesday morning, Hillary Clinton read out a sombre statement condemning the killing of Chris Stevens, the US ambassador to Libya, and three other Americans. Forty minutes later, Barack Obama followed suit. Both focused on Mr Stevens’ tragic death.

In between Mr Romney squeezed in an openly political press conference in which he called the Obama administration’s response “disgraceful” and said it “should never apologise for America.” His condolences were brief and dutiful. The exercise was based on the strained allegation that Mr Obama had sought to mollify the protestors in Egypt (the US embassy in Cairo issued a statement that had not been approved by the White House).

In a race between two more evenly matched candidates, Tuesday night’s significance would have been to inject a foreign policy dimension into an almost wholly domestic campaign. That may be one outcome. But Mr Romney has

Wall Street Journal on @MittRomney policy plan & R’ObamaCare Mitt-Flop

Do tell.

—

WSJ chides Romney for too few policy details

By MAGGIE HABERMAN|

9/10/12 10:11 PM EDT

The WSJ editorial page weighs in on Mitt Romney‘s Obamacare response on Meet the Press, and the subsequent clean-up:

When Mitt Romney ventures into health care, political trouble usually follows. So it went this weekend, as the GOP standard-bearer made his own policy sound worse than it is.

On NBC’s “Meet the Press,” the Republican was asked what he would do about people with pre-existing medical conditions who would supposedly “no longer be guaranteed health care” if he repeals the Affordable Care Act. “I say we’re going to replace ObamaCare,” Mr. Romney replied. “And I’m replacing it with my own plan,” without defining the substance of his own agenda.

When pressed, Mr. Romney said that “I’m not getting rid of all of health-care reform. (That would be the liberal euphemism for ObamaCare.) Of course, there are a number of things that I like in health-care reform

The Biggest Economic Challenge of Obama’s Second Term

Investing in economic infrastructure is ALWAYS a sound decision because
1.) Materials and Manpower ALWAYS comes from the private sector (and always will), and;
2.) Economic capacity and economic opportunity expands.

Note also these two remarks:

“Corporations won’t hire more workers just because their tax bill is lower and they spend less on regulations. In case you hadn’t noticed, corporate profits are up. Most companies don’t even know what to do with the profits they’re already making. Not incidentally, much of those profits have come from replacing jobs with computer software or outsourcing them abroad.

“Meanwhile, the wealthy don’t create jobs, and giving them additional tax cuts won’t bring unemployment down. America’s rich are already garnering a bigger share of American income than they have in eighty years. They’re using much of it to speculate in the stock market. All this has done is drive stock prices higher.”

—

Monday, September 10, 2012

The question at the core of America’s upcoming election isn’t merely whose story most voting Americans believe to be true – Mitt Romney’s claim that the economy is in a stall and Obama’s policies haven’t worked, or Barack Obama’s that it’s slowly mending and his approach is working.

If that were all there was to it, last Friday’s report from the Bureau of Labor Statistics showing the economy added only 96,000 jobs in August – below what’s needed merely to keep up with the growth in the number of eligible workers — would seem to bolster Romney’s claim.

But, of course, congressional Republicans have never even given Obama a chance to try his approach. They’ve blocked everything he’s tried to do – including his proposed Jobs Act that would help state and local governments replace many of the teachers, police officers, social workers, and fire fighters they’ve had to let go over the last several years.

The deeper question is what should be done starting in January to boost a recovery that by anyone’s measure is still anemic. In truth, not even the Jobs Act will be enough.

At the Republican convention in Tampa, Florida, Romney produced

Mitt Romney, the “Etch-A-Sketch” Flip-Flop candidate, flips again. This time, on “ObamaCare.” Borderline Personality Disorder?

Given the number of statements which Mitt Romney has made – statements in which he contradicts his own previous statements – it’s more than disconcerting that Mitt Romney has once again switched positions. Late former president Ronald Reagan – then candidate Reagan – once famously intoned while campaigning “there go you again.”

This, however, makes Mitt Romney appear almost schizophrenic, out of touch with reality, incapable of taking a position, constantly changing positions, being a moving target, a reed blown by the wind, wishy-washy, two-faced, hypocritical, liar, indecisive, and more.

“Borderline Personality Disorder (BPD) (according to the ICD-10 World Health Organization disease classification, emotionally unstable personality disorder, borderline type) is a personality disorder marked by a prolonged disturbance of personality function, characterized by unusual variability and depth of moods.”

Those are NOT the qualities America needs in it’s Chief Executive.

—

Romney backs away from healthcare pledge

By Anna Fifield in Washington
September 9, 2012 6:18 pm

Mitt Romney has said he would keep the most popular parts of Barack Obama’s signature healthcare reforms if elected president, performing an abrupt about-turn on his earlier campaign promise to repeal the whole law.

His comments will reignite suspicions that the Republican presidential candidate is a politician of expediency and

Greed and Debt: The True Story of Mitt Romney and Bain Capital

How the GOP presidential candidate and his private equity firm staged an epic wealth grab, destroyed jobs – and stuck others with the bill

by: Matt Taibbi

Mitt Romney illustration / Illustration by Robert Grossman

The great criticism of Mitt Romney, from both sides of the aisle, has always been that he doesn’t stand for anything. He’s a flip-flopper, they say, a lightweight, a cardboard opportunist who’ll say anything to get elected.

The critics couldn’t be more wrong. Mitt Romney is no tissue-paper man. He’s closer to being a revolutionary, a backward-world version of Che or Trotsky, with tweezed nostrils instead of a beard, a half-Windsor instead of a leather jerkin. His legendary flip-flops aren’t the lies of a bumbling opportunist – they’re the confident prevarications of a man untroubled by misleading the nonbeliever in pursuit of a single, all-consuming goal. Romney has a vision, and he’s trying for something big: We’ve just been too slow to sort out what it is, just as we’ve been slow to grasp the roots of the radical economic changes that have swept the country in the last generation.

The incredible untold story of the 2012 election so far is that Romney’s run has been a shimmering pearl of perfect political hypocrisy, which he’s somehow managed to keep hidden, even with thousands of cameras following his every move. And the drama of this rhetorical high-wire act was ratcheted up even further when Romney chose his running mate, Rep. Paul Ryan of Wisconsin – like himself, a self-righteously anal, thin-lipped, Whitest Kids U Know penny pincher who’d be honored to tell Oliver Twist there’s no more soup left. By selecting Ryan, Romney, the hard-charging, chameleonic champion of a disgraced-yet-defiant Wall Street, officially succeeded in moving the battle lines in the 2012 presidential race.

Like John McCain four years before, Romney desperately needed a vice-presidential pick that would change the game. But where McCain bet on a combustive mix of clueless novelty and suburban sexual tension named Sarah Palin, Romney bet on an idea. He said as much when he unveiled his choice of Ryan, the author of a hair-raising budget-cutting plan best known for its willingness to slash the sacred cows of Medicare and Medicaid. “Paul Ryan has become an intellectual leader of the Republican Party,” Romney told frenzied Republican supporters in Norfolk, Virginia, standing before the reliably jingoistic backdrop of a floating warship. “He understands the fiscal challenges facing America: our exploding deficits and crushing debt.”

Debt, debt, debt. If the Republican Party had a James Carville, this is what he would have said to win Mitt over, in whatever late-night war room session led to the Ryan pick: “It’s the debt, stupid.” This is the way to defeat Barack Obama: to recast the race as a jeremiad against debt, something just about everybody who’s ever gotten a bill in the mail hates on a primal level.

Last May, in a much-touted speech in Iowa, Romney

Zzzz… Day 2 of the GOP Convention. Yawn.

No matter how many hackneyed, tired old phrases the speakers threw out – including Ann Romney‘s “lovey-dovey” message, and New Jersey Governor Chris Christie’s attempt to whip up the delegates – there was no getting them fired up.

None.

Poor Governor Christie even had to TELL the delegates to STAND UP.

Good grief.

—

How the Republicans Built It

August 28, 2012

It was a day late, but the Republicans’ parade of truth-twisting, distortions and plain falsehoods arrived on the podium of their national convention on Tuesday. Following in the footsteps of Mitt Romney’s campaign, rarely have so many convention speeches been based on such shaky foundations.

Gov. Chris Christie of New Jersey, in the keynote speech,

Mitt Romney picks up another porn star endorsement

Jenna Jameson Endorses Mitt Romney: ‘When You’re Rich, You Want A Republican In Office’

The Huffington Post  | By Nick Wing Posted: 08/03/2012 11:57 am Updated: 08/03/2012 5:32 pm

Retired porn star Jenna Jameson waded into the 2012 presidential race on Thursday, choosing a San Francisco strip club as the venue to announce her support for GOP presidential hopeful Mitt Romney.

CBS San Francisco has her comments:

“I’m very looking forward to a Republican being back in office,” Jameson said while sipping champagne in a VIP room at Gold Club in the city’s South of Market neighborhood. “When you’re rich, you want a Republican in office.“

With an estimated net worth of $30 million and a resume that includes 160 films, Jameson ranks as one of the porn industry’s wealthiest players.

Jameson’s endorsement may come

Mitt Romney demonstrates more hypocrisy, required Paul Ryan show several years tax returns

What’s that smell?

Oh… never mind.

It’s the hypocrisy cooking.

—

Paul Ryan gave Romney camp several years of tax returns

1:26pm EDT

Republican presidential candidate Mitt Romney (R) listens to his vice president selection, U.S. Congressman Paul Ryan (R-WI) speak at a campaign event at the NASCAR Technical Institute in Mooresville, North Carolina August 12, 2012. REUTERS/Shannon Stapleton

WASHINGTON (Reuters) – Mitt Romney released two years of his own tax returns to the public but that didn’t appear to be enough when he vetted running-mate Paul Ryan and other vice presidential candidates.

The campaign team for Romney, the Republican presidential candidate, reviewed several years of tax returns from Ryan and other, according to the head of Romney’s VP search process Beth Myers.

But Romney – a former private equity executive with an estimated net worth of up to $250 million – has refused to

Mitt Romney chooses Paul Ryan as running mate; Damage Control begins

Paul Ryan, ‘Brown Noser’? The Wikipedia Edit Wars Begin for Romney’s Running Mate

By Megan Garber

Aug 11 2012, 9:13 AM ET

Now that his candidacy is official, Paul Ryan’s Wikipedia page will become a battle ground.

Paul Ryan’s classmates vote him “Biggest ‘Brown-Noser.'” pic.twitter.com/P2DrIncJ Photo via Twitter via @ryanlizza – Washington Correspondent for The New Yorker, Contributor for CNN

In high school, Paul Ryan’s classmates voted him as his class’s “biggest ‘brown noser.'” This little tidbit is a source of delight for political opponents of the Wisconsin representative-turned-Romney-running mate; to his supporters, in general, it’s an irrelevant piece of youthful trivia.

But it’s also a tension that will play out, repeatedly, in the most comprehensive narrative we have about Paul Ryan as a person and a politician and a policy-maker: his Wikipedia page. Late last night, Politico reports — just as news of the Ryan choice leaked in the political press — the first substantial edit to that page removed an extant “brown noser” mention:

removing prom king and brown noser from article –see discussion on “talk” page

But then another user put the “brown noser” mention back in. Because: relevant!

And then another user removed it again, explaining:

Removed unnecessary statement from Early Life about … “Brown Noser.” This is not needed in article is not common in such brief survey sections.

As of this writing, “brown noser” stands. As does a maybe-mitigating piece of Ryan-as-high-schooler trivia: that he was also voted prom king. But that equilibrium could change, again, in an instant.

Now that Ryan’s confirmed,

Here’s a bank where Mitt Romney has no money. Ironically, it’s American.

Smack-dab in the heart of rural, working class, coal-mining America.

Oh… the irony!

American tax code promotes outsourcing. Mitt Romney’s jobs plan would exploit that weakness.

The Center for American Progress is a public policy think-tank which was created by John Podesta in 2003 as an alternative to right-wing extremist think tanks such as the Heritage Foundation and the American Enterprise Institute.

You can skip the article to the conclusion, but then, if you did, you’d miss out on the rationale… which is the significant point.

Yes, there are changes to American tax policy which need to be re-examined, particularly and especially those which do not offer competitive, fair or just incentives for a win-win-win for American enterprise, the American worker, and the American economy as a whole. However, the rules that have skewed the advantage to Big Business to the exclusion of the benefit of all of America and her citizens should be re-examined and modified or eliminated as necessary.

Time and time again, history has shown that when our nation has had high personal income tax rates, our nation has prospered significantly. That’s but one proof positive that should no longer be a “sacred cow” for any political party.

Further, the “starve the monster” philosophy which has, in large part, guided the modern Republican party, even spawning the modern radical TEA Party element, is a significant departure from reality. The reason why is simple: 100 years ago, we didn’t have space travel, the Internet, computers, cell phones, the Interstate highway system and so many, many, many more things that we have now. It’s ludicrous – bordering on the insane – to imagine that as these new inventions and innovations have proliferated (themselves signs of American ingenuity & enterprise), that there would be fewer rules and regulations associated with them. The concept is really quite simple. For example, when families have more children, there are more rules to govern their actions & behaviors. It’s analogous also to saying that, as an adult, one would wear smaller clothing as an adult, then as they did when in their infancy. It’s so preposterously ludicrous as to be insane – a genuine divorce from reality.

—

Romney’s New Tax Incentive for Outsourcing U.S. Jobs

How Romney’s Plan Would Reward Foreign Outsourcing

Gov. Romney presents his plan for creating jobs and improving the economy during a speech Tuesday, Sept. 6, 2011, in Las Vegas. His argument that we must exempt the overseas profits of American companies from U.S. taxes to make them more competitive in a global economy doesn’t hold up. SOURCE: AP/ Julie Jacobson

By Seth Hanlon | July 16, 2012
Download this issue brief (pdf)

The Washington Post recently reported that some of the companies Mitt Romney’s firm Bain Capital invested in were “pioneers in the practice of shipping work from the United States to overseas call centers and factories.” Even more troubling than his business record is his platform as Republican presidential candidate, which includes a policy that would encourage and further accelerate the outsourcing of American jobs to foreign countries.

The former Massachusetts governor would make U.S. corporations’ overseas profits exempt from U.S. taxes. These profits are already treated favorably under the tax code compared to corporate profits that are earned and reported domestically, creating an inefficient bias toward investment offshore. The favorable treatment of profits that are reported offshore also creates rewards for corporations that shift profits (on paper) out of the United States to foreign countries, including tax havens such as Bermuda and the Cayman Islands.

Romney’s proposed exemption for foreign profits would exacerbate the worst features of our current tax system. It would:

Mitt Romney owned a company that disposed of aborted babies.

Part of Mitt Romey’s problem is that the titles “CEO,” “President” and “Sole Shareholder” mean something.

He claims that the titles were meaningless, that though he had the titles, he had neither influence nor control over the firms.

If we were to presume that his assertions are true – that he had neither influence nor control over the firms – that would then signify that the firms purposely gave him meaningless titles which he willingly accepted. And, as we all know, a meaningless title is the moral equivalent of a d0-nothing job.

So, what we really want to know, is that really the message that Mitt Romney wants to give – that he favors “do-nothing” jobs?

Besides, if he wasn’t running the companies, who was?

Joe Burbank/Orlando Sentinel/Zuma

—

Romney Invested in Medical-Waste Firm That Disposed of Aborted Fetuses, Government Documents Show

And these documents challenge Romney’s claim that he left Bain Capital in early 1999.

—By David Corn, Washington Bureau Chief

 Mon Jul. 2, 2012 3:00 AM PDT

Earlier this year, Mitt Romney nearly landed in a politically perilous controversy when the Huffington Post reported that in 1999 the GOP presidential candidate had been part of an investment group that invested $75 million in Stericycle, a medical-waste disposal firm that has been attacked by anti-abortion groups for disposing aborted fetuses collected from family planning clinics. Coming during the heat of the GOP primaries, as Romney tried to sell South Carolina Republicans on his pro-life bona fides, the revelation had the potential to damage the candidate’s reputation among values voters already suspicious of his shifting position on abortion.

But Bain Capital, the private equity firm Romney founded, tamped down the controversy. The company said

Secret Swiss Bank accounts, Cayman Island Bank accounts, Bermuda Tax Haven Bank accounts… what does Mitt Romney have to hide?

What does Mitt Romney have to hide?

Why won’t he live up to his late father’s example, and voluntarily and openly reveal all his tax records?

—

Where the Money Lives

August 2012, 2012-08-08 T11:00:24.000-04:00

By Nicholas Shaxson

For all Mitt Romney’s touting of his business record, when it comes to his own money the Republican nominee is remarkably shy about disclosing numbers and investments. Nicholas Shaxson delves into the murky world of offshore finance, revealing loopholes that allow the very wealthy to skirt tax laws, and investigating just how much of Romney’s fortune (with $30 million in Bain Capital funds in the Cayman Islands alone?) looks pretty strange for a presidential candidate.

BURIED TREASURE Grand Cayman, where Bain Capital maintains at least 138 funds. Inset, Mitt Romney tries to spot his La Jolla home from the campaign plane. ©Ruth Tomlinson/Robert Harding World Imagery/Corbis (beach); by Justin Sullivan/Getty images (inset).

A person who worked for Mitt Romney at the consulting firm Bain and Co. in 1977 remembers him with mixed feelings. “Mitt was … a really wonderful boss,” the former employee says. “He was nice, he was fair, he was logical, he said what he wanted … he was really encouraging.” But Bain and Co., the person recalls, pushed employees to find out secret revenue and sales data on its clients’ competitors. Romney, the person says, suggested “falsifying” who they were to get such information, by pretending to be a graduate student working on a proj­ect at Harvard. (The person, in fact, was a Harvard student, at Bain for the summer, but not working on any such proj­ects.) “Mitt said to me something like ‘We won’t ask you to lie. I am not going to tell you to do this, but [it is] a really good way to get the information.’ … I would not have had anything in my analysis if I had not pretended.

“It was a strange atmosphere. It did leave a bad taste in your mouth,” the former employee recalls.

This unsettling account suggests the young Romney—at that point only two years out of Harvard Business School—was willing to push into gray areas when it came to business. More than three dec­ades later, as he tried to

Does Ann Romney have horse problems? Super Hit, her old dressage horse wonders. So do we.

Ann Romney with her horse, Super Hit, in a 2006 photo. (Terri Miller/Handout)

Super Hit.

Who or what’s that?

Oh… just another dressage horse the Romney’s once owned – and tried to sell.

Selling horses is not illegal, immoral, or unethical.

However, to attempt to sell a horse that is so doped up in an effort to masquerade, conceal or hide a defective, sick, injured or wounded condition… well, now, that’s a horse of a different color.

Ann Romney was named as a defendant in such a case.

Here’s what Dr. Stephen Soule, DVM – an expert in equine podiatry – said of the horse Mrs. Romney was trying to sell:

“In my 38 years of practice, I have never come across a drug screen such as this where the horse has been administered so many different medications at the same time.”

This was not some long-ago issue, for the complaint was filed February 10, 2010 in California Superior Court, Ventura County, is case number 56-2010-00372707-CU-FR-SIM, and was set for trial September 12, 2011.

Here’s the nut of the case:

In 2010, a San Diego woman – Catherine Norris – sued Mrs. Romney, dressage trainer Jan Ebeling and his wife Amy for fraud, claiming that the severity of a foot defect in Super Hit, a dressage horse she purchased from Mrs. Romney for $125,000, was concealed.

The expert equine veterinarian, Dr. Stephen Soule, stated in the record that, “In my professional opinion, based on 38 years of experience in equine veterinary medicine and in conducting nearly 2000 pre-purchase examinations during this time, the HA-VETALOG injections to the left front coffin joint coupled with Super Hit’s inconsistent show record, decline in test scores, consistency in the remarks of different show judges on score sheets that Super Hit was “tense,” had “tension” and “tight” and “stiff,” and the fact that he was not shown for nearly 2½ years prior to the sale in February 2008, Super Hit was more likely than not chronically lame prior to Catherine Norris’ purchase in February 2008.”

A pre-purchase drug screen/toxicology study performed February 13, 2008 by Center for Tox Services, Inc. – an Arizona lab – on 6 blood collection tubes drawn from the horse Super Hit found Butorphanol (a synthetic opioid pain killer), Detomadine (a α2-adrenergic agonist, used as a sedative in horses), romifidine (another sedative mainly used on large animals such as horses), and xylazine (a medication used in horses for sedation, anesthesia, muscle relaxation, and pain relief) in the horse’s system.

Also named in the suit was Dr. Doug Herthen, DVM, the veterinarian who treated Super Hit, and who purposely failed to disclose the nature of his relationship with Ann Romney and Super Hit to the purchaser, Mrs. Norris. In his testimony, Dr. Soule wrote that, “The professional ethics standard in veterinary medicine is to disclose any implied, apparent, or actual conflicts of interest before agreeing to conduct the pre-purchase examination. In other words, there is no such thing as dual representation without disclosure. In my professional opinion, the failure of Doug Herthel to disclose to Catherine Norris his existing and/or prior professional relationship with the defendants Amy and Jan Eberling, prior to the pre-purchase examination, was a breach of his professional duties and ethics.”

For very nearly a decade, Mrs. Romney has held a financial and ownership stake in The Acres, a horse training ranch about 45 miles northwest of Los Angeles, which is also owned by Jan & Amy Eberling. Mr. Eberling is a dressage trainer from Germany. With the Romneys, the Eberlings own Rob Rom Enterprises LLC, a foreign corporation registered in Delaware, which buys and trains dressage horses.

Lifestyles of the Rich and Famous is nothing new for the Romneys, because in a 1994 interview with the Boston Globe while Mitt was campaigning for Massachusetts governor, Ann described their years as “struggling students,” saying that “neither one of us had a job, because Mitt had enough of an investment from stock [from his father] that we could sell off a little at a time.”

Yeah. That’s gotta’ be a struggle.

Of course, it goes without saying – but here it is, anyway – that, in an interview with Neal Cavuto of Fox News in March 2012, Ann Romney said, “I don’t even consider myself wealthy, which is an interesting thing.” Many people would probably find that interesting, too – particularly given that Mitt’s estimated wealth is in excess of $250 Million. Perhaps $100,000 horses are but chump change to that crowd.

The New York Times covered the issue with the following story, which also mentions the $77,000 tax deduction the Romneys took in 2010 for Rafalca, another of the Romneys’ expensive dressage horses.

Other newspapers covering the story included the Los Angeles Times, and the Washington Post. Because of the location of the case

Stay-at-home-mom Ann Romney’s tax deductions for her dressage horse exceeded the average American Median Income

Is this not a prime example of how “We the People…” should require higher tax rates of the über wealthy?

I mean, really… they get a deduction of $77,000 for their f*ing horse?!

C’mon, people!

What’s wrong with this picture!?!

Out of touch with reality, or out of touch with reality?

Hey!

I know!

Mitt says “job one is creating jobs in America.”

Since Mitt & Ann get those rich-folk tax breaks, that makes him a “job creator.”

So maybe you can work in one of Mitt’s horse barns!

You plebian slob.

—

Romney Horse Wins Spot on Olympic Dressage Team

June 16, 2012

By TRIP GABRIEL

GLADSTONE, N.J. — Mitt Romney and his wife, Ann, who plan to attend the opening of the Olympic Games in London this summer, now have a personal rooting interest in the event.

Jan Ebeling, Mrs. Romney’s longtime riding tutor, and his horse Rafalca, co-owned by Mrs. Romney,

Tim Geithner is out as Secretary of Treasury. Who’s in?

Good bye, and good riddance.

Robert Reich would do a good job, and he’s been tested and served in other areas in the present, and previous administrations.

—

Guessing game begins over next Treasury chief

1:05am EDT

By Glenn Somerville

U.S. Treasury Secretary Timothy Geithner takes a tour of the Marlin Steel Wire Products factory in Baltimore, Maryland, May 17, 2012. REUTERS/Jonathan Ernst

WASHINGTON (Reuters) – Wanted for the Treasury Department: a new boss who can fix trillion-dollar-plus budget deficits, overhaul the tax system and spur a reluctant Europe into fixing its debt crisis.

It’s a tall order, especially when the new Treasury chief also must deal with a fractious Congress – and all for a salary lower than that paid to many junior Wall Street bankers.

Economists, investors and veterans of past administrations are appraising potential successors to Treasury Secretary Timothy Geithner, either in a new Obama administration, if President Barack Obama is re-elected, or under Mitt Romney.

Geithner has made it clear that he is leaving the post he has held since January 2009 even if Obama, a Democrat, beats Romney, the presumptive Republican presidential nominee, in the November 6 election.

Lots of names are making the rounds. Among Democrats, they include finance leaders like Larry Fink of asset management firm BlackRock and politically connected Washington insiders like fiscal expert Erskine Bowles.

If the White House goes to the Republicans,

Mitt Romney’s American Business Plan

The campaign for this year’s November general election is promising to be fairly nasty, particularly given that the United States Supreme Court has ruled that UNLIMITED MONEY can go to the candidates.

Further complicating matters is that the GOP‘s default candidate du jour – Mitt Romney – has flip-flopped so many times on so many issues that, were he to move into the White House, he’d turn it into the Waffle House.

Beware the man who can look you straight in the eye and tell you a lie, and continue telling it, and then, lie about telling a lie.

—

Mitt Romney’s business plan

by Richard Cohen, Aspen Daily News Columnist
Tuesday, April 16, 2012

Among the attributes I most envy in a public man (or woman) is the ability to lie. If that ability is coupled with no sense of humor, you have the sort of man who can be a successful football coach, a CEO or, when you come right down to it, a presidential candidate. Such a man is Mitt Romney.

Time and time again, Romney has been called a liar during this campaign. (The various fact-checking organizations have had to work overtime on him alone.) A significant moment, sure to surface in the general election campaign, came during a debate held in New Hampshire in January. David Gregory, the host of “Meet the Press,” turned to Newt Gingrich and said, “You have agreed with the characterization that Governor Romney is a liar. Look at him now. Do you stand by that claim?”

Gingrich did not flinch. “Sure, governor,” he started off, and then accused Romney of running ads that were not true and, moreover, pretending he knew nothing about them. “It is your millionaire friends giving to the PAC. And you know some of the ads aren’t true. Just say that straightforward.”

Me, I would have confessed and begged for forgiveness. Not Romney, though — and

News: Mitt Romney to attempt to buy November General Election

Among political observers of all stripe, there is broad consensus that the ruling handed down by the Supreme Court of the United States (SCOTUS) in the Citizens United v. Federal Election Commission, will continue to negatively affect the political process.

Some years ago I held that the only way to completely eliminate the corrupting influence of money in our political process was to allow donations – even in unlimited amounts as Super PACs do – and to place all funds in one pool, and divide the funds equally among all candidates. By so doing, candidates and incumbents would not have to be concerned with raising money for election campaigns. In essence, what we have now is a perpetual campaigning process in which elected officials continuously attend functions where money is raised, and in some cases transferred personally. Many of them have publicly expressed great distress at the time it takes away from their ability to govern and to perform the duties and responsibilities for which they were elected.

In essence, what we would have is a public/private partnership pool, which could have the best of both worlds.

Candidates could

Ann Romney: If you unzip him, Mitt is not stiff.

Ann, that’s just “marvelous,” and too much information.

Go back to one of your six homes and several Cadillacs.

Maybe you could stiffen him up.

—

Ann Romney Says Campaign Will ‘Unzip’ the Real Mitt

Apr 2, 2012 12:17pm

GREEN BAY, Wis. – Ann Romney defended her husband’s sense of humor today during a radio interview, explaining that if people think the candidate seems too stiff at times as the host suggested, she thinks “we better unzip him and let the real Mitt Romney out.”

Ann Romney’s remarks came during an interview with Baltimore radio station WBAL, during which the host asked her, “And one of the things, Ann Romney, that folks talk about with your husband, Mitt Romney, and I’ve seen him in casual conversation-He comes off very smooth and okay. But sometimes he comes off stiff. Do you have to fight back some criticism, like ‘My husband isn’t stiff, OK?’”

Laughing, Ann Romney responded, “Well, you know, I guess we better unzip him and let the real Mitt Romney out because he is not!”

“You know, it is so funny to me that that is the perception out there. Because he is

What does Mitt Romney have to hide?

Mitt Romney provided 23 years of tax returns to the John McCain camp when the Arizona senator was considering potential running mates for the 2008 Presidential election.

Now, he’s balking at providing those same documents to Americans whom he is asking to support him.

Why?

Mitt Romney, Mr. 1% - Cartoon (Photo credit: DonkeyHotey)

Romney using ethics exception to limit disclosure of Bain holdings

By Tom Hamburger, Thursday, April 5, 1:10 PM

Republican presidential front-runner Mitt Romney, whose wealth has become a central issue in the 2012 campaign, has taken advantage of an obscure exception in federal ethics laws to avoid disclosing the nature and extent of his holdings.

By offering a limited description of his assets, Romney has made it difficult to know precisely where his money is invested, whether it is offshore or in controversial companies, or whether those holdings could affect his policies or present any conflicts of interest.

In 48 accounts from Bain Capital, the private equity firm he founded in Boston, Romney declined on his financial disclosure forms to identify the underlying assets, including his holdings in a company that moved U.S. jobs to China and a California firm once owned by Bain that filed for bankruptcy years ago and laid off more than 1,000 workers.

Those are known only because Bain publicly disclosed them in government filings and on the Internet. But most of the underlying assets — the specific investments of Bain funds— are not known because Romney is covered by a confidentiality agreement with the company.

Several of Romney’s assets — including a large family trust valued at roughly $100 million, nine overseas holdings and 12 partnership interests— were not named initially on his disclosure forms, emerging months later when he agreed to release his tax returns.

There is no indication that Romney is violating any rules, and his advisers note that his reports have been certified by the Office of Government Ethics, which reviews the disclosures required of presidential candidates.

Romney spokeswoman Andrea Saul said

Mitt Romney: “Ann drives a couple of Cadillacs, actually.”

Great.

Mitt Romney, official portrait, Governor of Massachusetts

You’ve worked diligently to earn some of your money, while you live off the interest income, and pay a lower tax rate than most normal, regular, hard-working, struggling families.

No one begrudges your wealth.

You should pay a higher rate.

I mean, really.

How many houses do you need?

Even if you have three – while most folks have one (the Census Bureau says that private home ownership rate is 66%) – why do you need a break?

Why not give a break to the little man who’s working to make ends meet, while yours wrap around several times?

C’mon, guy.

What’s the price of a gallon of milk, or loaf of bread?

It’s just that… Mitt, you’re out of touch with reality, and you continually demonstrate how much you’re out of touch every time you open your mouth.

 

Romney’s Wealth Emerges as Subtext in ‘Cadillac’ Remark

Feb. 24 (Bloomberg) — Mitt Romney is a wealthy man, as he keeps reminding voters, even if it’s unintentional.

In remarks today to the Detroit Economic Club, Romney highlighted his love of American-made cars by saying he owns a Ford Mustang and a Chevrolet pickup, while his wife, Ann, drives “a couple of Cadillacs.”

Cadillacs retail for $36,000 to $74,000, according to Edmunds.com., an online auto market. One reason the Romneys may need multiple vehicles is that they own homes in Massachusetts and California, plus a vacation place in New Hampshire.

Mitt & Wealthy Republicans out of touch with Average Americans?

Mitt?

Hello?

Mitt?

Earth to Mitt.

Come in, Mitt.

You’re out of touch, Mitt.

From George Romney To Mitt, A Shrinking Tax Rate

by Scott Horsley and Tamara Keith
– February 24, 2012Mitt Romney gave a major economic speech Friday, in which he stressed his plan to lower personal income taxes.

Romney’s own taxes became an issue last month, when he acknowledged paying a lower tax rate than many middle-class families.

GOP Iowa debate: Bring in the clowns

Donald Trump “moderated” the GOP‘s Iowa “debate” this evening, and as usual, it was an open exhibition of the lunacy that pervades the party.

Newt Gingrich had a choice zinger when he said that the GOP should “…actually be positive about people who create jobs.”

Michelle Bachmann was reminiscent of the now-late Vice Admiral James Bond Stockdale – whom was Ross Perot’s VP nominee in 1992 – when she said, “Who are you really? What is your center? What’s your core? What’s your worldview, what drives you?”

This year’s candidates are like nothing more than a howling chimpanzees tea party.

The only difference between them and the feces flinging variety is the other ones are in cages, behind bars.

Gingrich fights off rivals in Iowa debate

By John Whitesides and Andrew Stern

DES MOINES, Iowa | Sun Dec 11, 2011 12:05am EST

(Reuters) – Surging frontrunner Newt Gingrich fought off heavy attacks in a presidential debate in Iowa on Saturday from Republican rivals who portrayed him as a Washington insider and questioned his judgment.

Gingrich, described by some critics as

Newt Gingrich: A New Liberal

For some odd reason, some folks think Newt Gingrich a conservative.

They couldn’t be more wrong.

Seriously!

His track record speaks for itself.

Read on to learn how and why.

Gingrich’s record belies his conservative image

Though many GOP voters prefer him as a more conservative alternative to Mitt Romney, Newt Gingrich has often supported policies that have strayed from the conservative position.

By Paul West, Washington BureauDecember 8, 2011, 4:26 p.m.

Reporting from Washington—

For months, many Republicans have cast about for an alternative to Mitt Romney, decrying him as insufficiently conservative. Now they appear to have settled on a new front-runner — Newt Gingrich— who is no more conservative than Romney.Both men have parted company with the party’s most active voters on many of the same issues. Both backed requiring individuals to purchase healthcare insurance. Both supported the Wall Street bailoutknown as TARP and government subsidies for ethanol production.Both agreed that human activity is contributing to climate change (though each has backtracked in recent months). In the past, both supported trading systems designed to cap carbon emissions. Gingrich has favored research using