Mitt Romney Finances: Beavis and Butthead Politics

Mitt Romney says all of his investments have been reported to the government and “there is nothing hidden, there’s nothing there.” In other words, he pays his taxes as required. I suspect Democrats also know this, because Mitt Romney understands well that his wealth and where that wealth was created, and now held, will be a topic of extreme interest and inspection in this election season.

Mitt Romney

Obama had the stones to speak to Romney’s bank accounts saying president’s are an “open book,” to which the proper headline would be: ‘and the audience guffawed,’ still awaiting the details of Obama’s life (including illegal campaign contributions from Arab countries, including Gaza and Hamas). And it’s happening again – and then those tax-cheating Cabinet picks – at least 6, handpicked by Obama.

Former Obama Press Secretary Robert Gibbs accused Romney of having a “shell corporation in Bermuda:

The Romney campaign hit back, calling the criticism a character assault that is “unseemly” and “disgusting” and slamming Obama as a “typical politician willing to use false and dishonest attacks to save his job,” reported MSNBC…

Sen. Dick Durbin (Ill.), Gov. Martin O’Malley (Md.) and Democratic National Committee Chairwoman Rep. Debbie Wasserman Schultz (Fla.) all hammered Romney’s foreign accounts and tax records on the Sunday talk shows.

Bwaaaaahahahaha – The Weekly Standard:

Disclosure forms reveal that Democratic National Committee chair Debbie Wasserman Schultz, a member of Congress from Florida, previously held funds with investments in Swiss banks, foreign drug companies, and the state bank of India. This revelation comes mere days after the Democratic chair attacked presumptive Republican presidential candidate Mitt Romney for holding money in Swiss bank accounts in the past.

(Just as I was ready to it the “publish” button, I heard Sean Hannity say D

On Swissophobia (Reason, by Matt Welch) – please read the full article – so much good stuff there:

Senate Majority Whip Dick Durbin (D-Ill.) may be too busy to pass a budget more than every 1,168 days or so, but he can always spare time for passing judgments about U.S. citizens who have the gall to open bank accounts in stable countries with sound currencies and a tradition (if eroding) of banking privacy…

Whether tautological or conspiratorial, Democratic Swissophobia precludes the idea that Americans could possibly have a legitimate reason to park money in one of the world’s leading financial centers. “Mitt Romney,” Obama campaign spokesman Ben Labolt stated gravely in an attack ad, “had a bank account in Switzerland.” Why, that’s not what normal Americans like Robert Gibbs do! “I pick a bank because there’s an ATM near my home,” the former White House press secretary said over the weekend. “Romney had a bank account in Switzerland.”

Do you know who else once had a Swiss bank account? I mean, besides Hitler? Various U.S. military veterans, dual-national citizens who haven’t lived or worked in America for decades, and panicked retirees who are trying to cope with new tax rules imposed capriciously by a revenue-hungry Congress and president in 2010. Thousands of such Americans are getting bounced out of their existing Swiss accounts and denied new ones, even if they live and work in Geneva for one of the city’s many international non-governmental organizations.

…the stone-predictable outcome is that banks in Switzerland (and Europe, and anyplace where governments are “friendly” with Washington) are shuttering not just Americans’ accounts, but accounts of expatriate Europeans living and working in the United States.

All because the U.S. government does not respect limitations on its ability to squeeze money out of citizens, and because there will never be a shortage of Beavis and Butthead-quality political hacks like Robert Gibbs eager to go on the weekend chat shows to impersonate a populist (at least when it’s not his client being accused of bottomless wealth).

And by-the-by, Welch asks if Dick Durbin’s million dollar portfolio invests in only “buy-America,” says “hell no” and proves it.

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  • kathleen

    While Wasserman Schultz Relentlessly Attacks Romney For Investing In Swiss Bank Accounts, Records Show She Invested in Swiss Banks, State Bank of India…

    • Kathleen, thanks for the link. She did indeed. Classless, big-mouthed, ignorant woman.

  • No surprise Cathleen

    If anyone but Obama ran a campaign like this the media would come down on him harder than they did Ross Perot

    • Grumpy, from now until eternity, the media will never again come down on a Liberal campaign.

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  • Cracks me up. Defending one liberal from the other liberal. Oh brother this 2012 election sucks!

    • BB, indeed it does. I hope it will all be worth it on election night.

  • wombat_socho

    As a future CPA, I can tell you none of this matters. It is just Obammy doing his crap, pulling the black wool over our eyes so we don’t see he’s destroying our economy.

    If t here’s a Civil War coming, I am ready.

    • wombat_socho great to see you. Anything to keep from talking about the economy and ObamaCare (which is an economy issue). Interesting today on The Five I heard Eric Bolling say that having a Swiss Bank Account means you are keeping info from the government. He was very definite about it – reiterating that the Swiss do not report to the U.S., but the person owning the account can report it. Romney says he has.