Reason # 444

Reason #444 why I despise and distrust Romney and the entire republican party.
Romney is complaining about being asked to reveal more tax returns. Complaining about being criticized for maintaining offshore bank accounts.
He says that President Obama's campaign is trying to distract voters from the real issue, which is job creation. WHICH ROMNEY AND rEPUBLICAN SCUM REFUSE TO EVEN ADDRESS. They use job creation as a catch phrase because they know the American public is afraid and unstable, and they go on to introduce legislation attempting to eliminate abortion, promote voter suppression, eliminate safeguards to protect the environment, anything but deal with this highly sensitive and deeply impactful issue.
But that is a story for another place and time.
Anyway I heard Romney sounding indignant about the focus on his personal finances. However it was completely OK to harass The President of the United States into providing his birth certificate. His goddamn birth certificate. Does any intelligent person on this planet believe that a man could get elected to the presidency without the proper documentation?
Question asked and answered.
The republicans have absolutely no sense of perspective, and they count on the all encompassing stupidity of the American public and their vile racist attitudes to overlook the obvious.
It is a hell of a lot more pertinent to expect a candidate for the presidency to reveal his personal financial statements than it is to insult the President of the United States by demanding that he produce his birth certificate.
I am no financial wizard, as evidenced by my rise to mediocrity within the accounting world. I'm sure there are complex reasons for maintaining offshore accounts. But I heard an analyst say the two biggest reasons are to minimize tax exposure and to hedge against the value of the dollar. Neither of which I consider to be patriotic.
Common wisdom condones the practice in the business world as a way to protect profits and wealth. I can no longer accept that argument. In a time when this country is faltering financially, American companies should be doing everything they can to bolster our economy. And a candidate for the presidency should be doing more than most.
Did a little research and was rewarded with the following logic: "Having an offshore bank account is a fundamental part of international diversification. It's especially important in times like these when currency controls and government regulations are getting stricter, "supposedly to battle money laundering and international terrorism." Offshore banking gives you a way of having part of your wealth outside of the country, so that you never risk having a government freeze or confiscate all your assets."
"You really want to consider jurisdictions with low taxes, a strong and stable financial sector, and one without a history of plundering the banks in bad times."
" A point worth mentioning is that offshore banking is not about hiding your money from the tax man, it is about diversifying your sovereign risk."
Are you serious? This sounds like preachifying, the kind of stuff you hear from televangelists trying to convince you that donating money to their "church" does not contradict Jesus' attitude towards poverty.
Romney won't release more tax returns because he pays a lower rate than you or me and he knows we will want to lynch him when we find out.
He won't discuss his offshore bank accounts because he is avoiding tax liabilities and funneling money out of this country at a time when we need every well off citizen to show some loyalty to this country by investing in the economy.
President Barack Obama revealed his birth certificate to shut up morons like Trump, who ultimately never shut up. It was a silly gesture the President was forced into by people who don't care about this country.
Romney better reveal more tax returns and explain his logic for maintaining offshore accounts so voters know exactly who they are dealing with. And the IRS better review those returns to make sure they are the ones he actually filed, and financial experts better dissect Romney's offshore logic to get to the truth.
Because he doesn't have the guts to be truthful to American voters.
Revealing this information is meaningful and pertinent to the election.
From Last Call - Senator Boies Penrose was a man who believed that government was a weapon to be wielded in the interests of the moneyed classes. He once said - "I'd rather dictate to damn fools than serve them."
Romney shares the same interests and the same opinion.