Vote out the politicians who are anti-government on Nov. 6 — vote in a House and Senate that will work with President Obama. Get America functional again.
Vote out the politicians who are anti-government on Nov. 6 — vote in a House and Senate that will work with President Obama. Get America functional again.
“So, what’s the worst aspect of Romney’s character? What does he know he has to run away from, even though he continually fails to do so? Simple: the perception that he’s a rich asshat who thinks he’s too good for the little people he deigns to rule. That he thinks so little of us that he demands the right to be our leader without giving anything in return.” — Pandagon’s Amanda Marcotte, on why a Gawker document dump, showing Mitt Romney as a serial tax dodger, matters • via: quickhits
Maybe some people will finally see that the result of all these perfectly legal financial shenanigans, in all Romney’s / Bain Capital’s various schemes and loopholes and shelters and business practices, that THIS is why the United States is going broke, not because it would be nice to extend Social Security and Medicare for the next generation or provide health care for people.
The GOP has been rigging the system for the wealthy for decades. Mitt Romney is the chicken that’s come home to roost for the non-wealthy, evangelical voting base. These conservative social-issue rubes support the Republican candidate automatically, like zombies or Manchurian candidates, trusting these establishment politicians when they claim to actually care about stopping marriage equality (they can’t stop it!) or overturning Roe v. Wade (they won’t ever overturn it — have they EVER been close?). The Republicans don’t care about those things! They’re patronizing you. They just want more money, more deregulation, more income redistribution from the bottom to the top.
You want a thriving middle class in American again? STOP VOTING REPUBLICAN. Also: Stop watching Fox News. Stop listening to Rush Limbaugh.
“In reviewing my off-the-cuff remarks, it’s clear that I misspoke in this interview and it does not reflect the deep empathy I hold for the thousands of women who are raped and abused every year.” — Rep. Todd Akin (R-MO), in a statement late Sunday, after saying in an interview earlier that victims of “legitimate rape” have biological defenses that fend off a pregnancy and therefore do not need legal abortion rights.
Clearly he did not “misspeak.” Read his statement: Akin has no alternative explanation for what he meant to say, obviously. Watch the video – his meaning was very clear.
CBS News: “With about 55,000 inhabitants, the Cayman Islands should not be a well-known name in the rest of the world, but the tiny Caribbean territory has become famous as a tax haven for the world’s super rich. According to a new report, the Caymans – along with the other dozen or so international havens for wealth like Switzerland and Bermuda – are the holders of so much of the world’s capital, entire regional economies could be moved on it. The Tax Justice Network has just released a report estimating that the world’s tax havens house anywhere from $21 trillion to $32 trillion of money that governments cannot tax.”
You don’t get to know how much Mitt Romney is worth — or where he keeps his money. Via Political Wire: “Mitt Romney’s investment portfolio “has included an offshore company that remained invisible to voters as his political star rose,” the AP reports.”
“Based in Bermuda, Sankaty High Yield Asset Investors Ltd. was not listed on any of Romney’s state or federal financial reports. The company is among several Romney holdings that have not been fully disclosed, including one that recently posted a $1.9 million earning — suggesting he could be wealthier than the nearly $250 million estimated by his campaign.”
“The omissions were permitted by state and federal authorities overseeing Romney’s ethics filings… But Romney’s limited disclosures deprive the public of an accurate depiction of his wealth and a clear understanding of how his assets are handled and taxed.”
original image via: christopherstreet
This is how the wealthiest become even wealthier: earn money in America, offshore it to other countries to avoid taxes. THAT’S HOW AMERICA WORKS!
Investigation: Mitt Romney’s Offshore Accounts, Tax Loopholes, and Mysterious I.R.A. | Vanity Fair – “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.”
Yesterday at a Fourth of July parade, Rep. Bill Young (R-FL) proved that one’s elevator doesn’t need to get anywhere close to the top floor to be a Republican Member of the House:
CONSTITUENT: Hi, I’m (inaudible) how are you? Happy Fourth of July. Jesse Jackson, Jr. is passing a bill around to increase the minimum wage to 10 bucks and hour. Do you support that?
YOUNG: Probably not.
CONSTITUENT: 10 bucks, that would give us a living wage.
YOUNG: How about getting a job?
CONSTITUENT: I do have one.
YOUNG: Well, then why do you want that benefit? Get a job.
What I’m saying is, a GOP Congressman doesn’t need to be in possession of all the fries in his Happy Meal to be elected. If Rep. Bill Young and a sack of earthworms were competing on a game show, there’s a real possibility the sack of earthworms would be walking away with the prize money. That said, it’s inevitable that the conservative brain trust of Florida will re-elect this guy again and again and again. ‘Merika!
A couple of days ago I posted that on Monday, the Romney campaign was in agreement with the President that the health care mandate was a penalty and not a tax. I also said:“Of course this opinion can (and probably will) change at any minute, so prepare to shake the Etch-A-Sketch.”
It took an entire 48 hours, as Raw Story reports: “Presumptive Republican presidential nominee Mitt Romney on Wednesday reversed his campaign’s position that mandates to buy health care are a “penalty” and not a “tax,” telling CBS News that “the majority of the [Supreme Court] has said it is a tax, and therefore it is a tax.” “They have spoken,” he said. “There’s no way around that.” Romney’s new position is the exact opposite of what the campaign was saying on Monday.”
Raw Story also helpfully points out one important difference between Romneycare and Obamacare:
The Raw Story reports that “Rep. Paul Ryan (R-WI) is arguing that President Barack Obama’s health care reform law should be repealed because rights come from “nature and God,” not the government. During an interview on ABC, former Massachusetts Sen. Ted Kennedy’s widow, Victoria Kennedy, told host George Stephanopoulos that the Supreme Court had made the right decision by upholding the Affordable Care Act. Ryan’s response:
“We’re going to repeal the entire law and then we’re going to advance patient-centered reforms that address these kinds of issues.I think this at the end of the day is a big philosophy difference. What Ms. Kennedy and others were saying is that this is a new government-granted right. We disagree with the notion that our rights come from government, that the government can now grant us and define our rights. Those are ours, they come from nature and God, according to the Declaration of Independence — a huge difference in philosophy.”
This man’s a loon in a political party filled with them. Let’s vote them out and take back our government. Enough with this foolishness.
Kevin Drum discusses the stupidity being thrown around by the Republican Party since the Supreme Court’s ruling on Affordable Care last week:
“Democrats have long insisted that Obamacare’s penalty for not buying health insurance isn’t a tax, but on Thursday the Supreme Court upheld it on the grounds that it was a tax. J’accuse! Or, as America’s Bard of the Frozen North tweeted,“Obama lies, freedom dies.”
“This is so stupid it hurts. But Josh Marshall says that what comes next is even more brain dead:
“Republicans are now saying it’s the ‘biggest tax increase in history’ — either of America or the universe of whatever. But this is demonstrably false. The Congressional Budget Office says the mandate penalty will raise $27 billion between 2012 and 2021. $27 billion over a decade. Anybody who cares to can do the math. But if you want to call it a ‘tax increase’ — which is debatable — it’s clearly one of tiniest ones in history.”
“Let’s be fair: When Republicans talk about ACA’s tax increases, most of them are talking about all the taxes in the bill, not just the penalty. But they’re still off base. There have been 15 tax increases of significant size since 1950, and Jerry Tempalski, a tax analyst in the Treasury Department, has estimated the size of all of them as a percentage of GDP. Tempalski hasn’t estimated the eventual size of ACA, but PolitiFact took a crack at it using the same methodology, and they figure that ACA amounts to a tax increase of 0.49% of GDP seven years from now. That places it tenth on the list.”
REAGAN’S TAX INCREASE IN 1982 WAS BIGGER! The GOP is fully aware that their base will never read these facts on Drudge or Breitbart or see them on Fox Entertainment — so the lies will continue as planned.
What are the Democrats working on, with regard to donor transparency and the ridiculous idea that “corporations are people too” Citizens United ruling?
The Raw Story reports that Nancy Pelosi wants to fix the SCOTUS’ Citizens United ruling: “In a conference call, House Minority Leader Nancy Pelosi (D-CA) told reporters, “We must amend the constitutional to fix Citizens United.” Her latest call to action was spurred by Monday’s Supreme Court decision to overturn Montana’s 1912 law limiting corporate spending in political campaigns based on its 2010 Citizens United ruling. The court’s decision led Montana’s governor Brian Schweitzer (D) and Lt. Gov. John Bohlinger (R) to call for a constitutional amendment to overturn the decision.”
Great! What are the Republicans working on? Read more…
Political Wire: “An excerpt of Where They Stand:The American Presidents in the Eyes of Voters and Historians by Robert W. Merry in Salon suggests George W. Bush will be ranked near the bottom of all presidents: ”Based on the contemporaneous voter assessments, the objective record, and what we know of history, it’s difficult to see him even in middle-ground territory. History likely will view Bush largely as the voters did after eight years of his stewardship. And so it’s probably just as well that he doesn’t care much about the verdict of history.“
Consider that Mitt Romney, in actions if not in words, is creating a campaign that seems to be an exact duplicate of the Bush Years, from extending tax cuts for the one percent — who’ve already surpassed all other earners in the country with net income advantages, and who’ve hoarded their wealth gains to the detriment of our entire economy — to a neocon foreign policy platform that’s becoming more “Cheneyfied” by the day. What could go wrong?
Ari Berman: “Of Romney’s forty identified foreign policy advisers, more than 70 percent worked for Bush. Many hail from the neoconservative wing of the party, were enthusiastic backers of the Iraq War and are proponents of a US or Israeli attack on Iran. […] Romney’s malleability is an advantage for his neocon advisers, giving them an opportunity to shape his worldview, as they did with Bush after 9/11. Four years after Bush left office in disgrace, Romney is their best shot to get back in power. If that happens, they’re likely to pursue the same aggressive policies they advocated under Bush. “I don’t think there’s been a deep rethink,” says Clemons. “I don’t think the neoconservatives feel chastened at all. As a movement, the true neoconservatives never, ever give up. They will be back.””
Andrew Sullivan: “When you check reality, rather than the alternate universe constantly created by Fox News and an amnesiac press, you find that Bush had a chance to pay off all our national debt before we hit the financial crisis – giving the US enormous flexibility in intervening to ameliorate the recession. Instead, we had to find money for a stimulus in a cupboard stripped bare – its contents largely given away, by an act of choice. I’m tired of being told we cannot blame Bush for our current predicament. We can and should blame him for most of it – and remind people that Romney’s policies: more tax cuts, more defense spending are identical. With one difference: Bush pledged never “to balance the budget on the backs of the poor.””
Mother Jones reports this morning that while investigating government documents, such as SEC filings, they’ve discovered that not only did Romney have a direct hand with the company Stericycle, but that he did not leave Bain Capital in 1999 as both the campaign and Bain constantly assert:
“Earlier this year, Mitt Romney nearly landed in a politically perilous controversy when theHuffington 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 Romney left the firm in February 1999 to run the troubled 2002 Winter Olympics in Salt Lake City and likely had nothing to with the deal. The matter never became a campaign issue. But documents filed by Bain and Stericycle with the Securities and Exchange Commission—and obtained by Mother Jones—list Romney as an active participant in the investment. And this deal helped Stericycle, a company with a poor safety record, grow, while yielding tens of millions of dollars in profits for Romney and his partners. The documents—one of which was signed by Romney—also contradict the official account of Romney’s exit from Bain.”
This is a BFD for values voters (you’d think, they claim!) — but they shouldn’t be surprised when pure, vulture capitalism is what they choose to support: if you can make a profit on something — outsourcing American jobs to China, offshoring your American money into foreign bank accounts to avoid taxes, or disposal of aborted fetuses, that’s the way America works. Capitalism! Profit! Romney is a savvy businessman! Job creators!
If it turns out that this isn’t going to be a problem for the Christian fundamentalists, let’s not hear another word about a woman’s LEGAL freedom of choice. Read the rest…
(Photo above: found image of ‘Stericycle’ in a Google image search.)
“I want to make sure that we keep America a place of opportunity, where everyone has a fair shot. They get as much education as they can afford…” —Mitt Romney on Wednesday, advocating for a class-based society of higher education, based on the wealth a person was born into as opposed to an individual’s talent and intelligence.
New America: The math genius who’s poor shouldn’t go to college, but should spend his/her life shining the shoes of people like Romney’s sons (or Mitt and Marie Antoinette themselves) who are born with trust funds and inheritances. Because, let’s be honest, who among us couldn’t “afford college” without financial help from programs or services like student loans, scholarships, and grants? Not all of us can borrow money for college from our parents.
And what a great way to enslave entire generations into a minimum wage existence — to the great advantage of corporations and the one percent.
Another video flashback of Mitt having an opinion in the past that completely contradicts his current “severely Republican” opinion, which I like to call: “That’s so Romney!“
Video from 2006 of Mitt Romney describing his Massachusetts health care law and the funding Romney describes as a “tax or other penalties to ensure that everybody comes into the system,” compelling the wealthy to buy insurance — like President Obama’s Affordable Care Act. — Buzzfeed
ThinkProgress: According to an analysis by the pay research group Equilar, compensation for top bank CEOs grew by nearly 12 percent last year. The Financial Times noted that these increases occurred “despite widespread falls in profits and share prices“ […] According to a different estimate by Bloomberg News, Wall Street CEO pay grew by 20 percent last year. At the same time, worker wages grew by only 2.1 percent. And inflation adjusted wages actually declined by 0.6 percent between March 2011 and March 2012. […] Over the last 30 years, CEO pay has increased 127 times faster than worker pay.
That time frame for unequal growth in CEO / worker pay coincides with the time period that Mitt Romney and Bain Capital (and companies like theirs) began their siege on outsourcing (offshoring!) American jobs. That’s quite a coincidence, isn’t it?
What’s sad about these facts is that low-information voters are completely missing the point: according to a Pew poll, Americans currently give Romney an 8-point lead over Obama on who they trust to handle the economy better. Seriously.
Profit for a few at the expense of many — do these people understand they’re saying that’s exactly the kind of economy they approve of with Mitt Romney?