Bill Moyer was not the least bit hyperbolic when he recently compared the election cycle lies of Republicans to carpet bombing. As November edges closer they’re getting desperate and get used to it, they’re going to stay that way. Conservatives do not see a downside to lying. They told us deregulation would create a stronger banking industry and economy. We got too big to fail banks and a weaker economy. Conservatives blamed it all on low wage workers and Fannie May, while suddenly discovering the debts they ran up for eight years were not going to magically pay for themselves. At no time in that cycle of lies and the following catastrophe did the public really punish them. They lied about a sandbox of a country with 25 million people being a threat to our national security. Fathers, daughters, mothers and sons dies for those lies. A lot of people were pissed, but could bring themselves to believe that all the crap about WMD was about Republicans exploiting fear and patriotism for their political agenda. Making up more lies about Democrats, the economy, immigration, jobs, climate change, education, health care policy and Obama is light work in comparison. For American wordniks the past couple of weeks have been enlightening. We have learned that asking for identification at a Democratic fund-raiser is exactly the same thing as denying someone’s right to vote. “And if all others accepted the lie which the Party imposed-if all records told the same tale-then the lie passed into history and became truth. ‘Who controls the past’ ran the Party slogan, ‘controls the future: who controls the present controls the past.’” – George Orwell, 1984, Book 1, Chapter 3. Now that the public has gotten a sample of Mitt Romney’s values via his ghostly financial shenanigans, the thought police are changing the definition of some other words as well, Proof that the Right is FREAKING OUT over “Swiss Bank Account” attacks
Mitt Romney and his right-wing media allies appear to be going into full-panic mode over the Obama campaign’s increasingly successful efforts to define Romney as a hopelessly out-of-touch multimillionaire.
Obama is leading in swing states where the president’s campaign and pro-Obama super PAC Priorities USA have run ads attacking Romney’s record as a corporate predator who put Americans out of work by sucking the life out of their companies and sending their jobs overseas.
[ ]…The substance (for want of a better term) of the Romney counter-slap is his claim that money from the American Recovery Act allegedly went to companies that employed some foreign workers.
In addition to the candidate’s pushback, at least one right-wing media outlet is trying to help Romney deflect criticism of his personal finances, including questions about his unreleased tax returns, and the vast sums of money he is reported to have hidden away in tax havens such as Bermuda and Switzerland.
The Weekly Standard is out with a report that it apparently hopes will expose Rep. Debbie Wasserman Shultz as a hypocrite for demanding that Romney come clean about his finances. The website’s scoop: that the DNC chair has some of her own money invested in “Swiss Banks, Foreign Drug Companies, and the State Bank of India:”
But disclosure forms reveal that in 2010, Wasserman Schultz invested between $1,001-$15,000 in a 401k retirement fund run by Davis Financial Fund. As the fund discloses, it is invested in the Julius Baer Group Ltd. and the State Bank of India GDR Ltd., as well as other financial, insurance, bank institutions.
The report does not appear to be a satire. The Weekly Standard is seriously suggesting there is an equivalence between a few thousand dollars in a managed 401k and hundreds of millions of dollars shielded from U.S. taxes in Swiss bank accounts and offshore shell corporations.
This panicked, flailing reaction tells you everything need to know about the narrative Obama is crafting against Romney: it’s working.
[ ]…Right on cue, the wingnut blogosphere is all, “Yeah, so THERE!!1!”
If overseas investments are “toxic” for Romney, they’re also toxic for the Democrat Party chairman hand-picked for that role by President Barack Obama.
Daily Caller (Jim Treacher):
Overseas investments are bad except when they’re not. And one way to tell they’re okay is when they’re made by Democrats.
Oh, and DWS won’t release her tax returns, either. Again: she’s a Democrat. The same standard doesn’t apply to her. Duh.
Jammie Wearing Fools:
Nothing illegal, mind you, but considering the dogpile on Romney and anything investment or business overseas, the hypocrisy is delicious.
So we’re all citizens of Oceanian now. These conservative geniuses have generally wanted us all to know that when it comes to money and the language of money, they be know’n what they talk’n about. They are the pros from Dover. Mitt Romney is, in this fairy tale, also a financial genius, thus he always knows what he is doing. Correction, Romney knows exactly what he is doing down to the penny. That means that Romney knows he is maliciously and with forethought hiding money in a Swiss bank account and the Cayman Islands. Romney also has a 401k that somehow is worth millions of dollars – perhaps legal, but again shadowy to use a program designed for middle-class retirement funds. In the old dictionary, the one we were all using just a few hours ago, all those hidden foreign accounts was very different from having an investment group handle the specific investments of your 401k. Does everyone reading this know where every dollar of your 401k is invested. Probably not. At the end of the month do you tell your spouse or family that you hide your money in offshore bank accounts or that you put so many dollars into your 401k retirement. Hidden bank accounts versus the people who handle your 401k who have a diversity of investments. Hiding money versus investments. See how simple that is. If they were the same thing we would use the same WORDS to describe them. I’ve never spoken to the investment fund that invests my 401k and told them to hide some in the Caymans. Have the masters of Oceanian suddenly become dumbstruck. Next week they’ll be telling us that cargo ships and trucks are exactly the same thing because they both involve the transport of goods. Use the word truck whenever you would normally use ship and vice versa. Do the masters think America is stupid enough to fall for this latest barrage of crap. Sure they do. Look at what they have gotten away with in the past and never paid for.
ABC news helps spread the new definition of investments and shadowy offshore banking with the help of the National Review Online, the Washington Free Beacon, Free Republic, Lucianne.com, Fire Andrea Mitchell and truth hater Michelle Malkin.
But, as ABC notes (in paragraphs not cited by most of the above linkers), the reference to Bermuda on Jarrett’s disclosure form appears to be utterly innocuous:
“This is a letter of credit disclosed in the liability section of the personal financial disclosure form, meaning it is a potential obligation, not an asset,” White House spokesman Eric Schultz said in a statement….
Before the White House replied to us, we spoke to tax experts who said the filing could be completely innocuous. It appears that Jarrett borrowed money from JPMorgan Chase, which has a subsidiary in Bermuda — not unusual for insurance companies that want to lay off some of their risks. It doesn’t mean that Jarrett sought any sort of transaction from Bermuda, but rather that the bank could be using its Bermuda subsidiary on credit forms.
In other words, routine credit card statements can include references to Bermuda simply because insurance companies have subsidiaries there.
So there’s nothing here. But ABC still posted the story, knowing that the M.O. of the right is to distort stories like this in order to bamboozle the rubes.
If conservatives started acting honorably it means hell has indeed finally frozen over.
In addition to some new word definitions conservatives are continuing their dumping down of what being ethical means. Romney avoiding taxes like a modern Al Capone. Hey that cool, Tax avoidance is not the American way
We still don’t know exactly why Mitt Romney set up a shell corporation in Bermuda, stashed cash in the Caymans, and opened a Swiss bank account. One running theory is that the Republican hoped to avoid paying U.S. taxes through offshore investments in notorious tax havens.
But today one of Romney’s allies stood up for him, arguing that even if Romney was trying to circumvent American tax laws, what’s so bad about that?
Mitt Romney shouldn’t be criticized for using off-shore tax havens because “it’s really American to avoid paying taxes, legally,” Sen. Lindsey Graham (R-S.C.) said Tuesday. [...]
Graham argued that Congress is responsible for tax avoidance because it has crafted such convoluted rules and said he was fine with Romney’s taking advantage of the loopholes.
“As long as it was legal, I’m OK with it,” Graham said. “I don’t blame anybody for using the tax code to their advantage.”
So, let me get this straight. So long as Romney didn’t commit any actual felonies, the American mainstream shouldn’t mind that they had to pay their tax bill, but Romney could use some creative accounting tricks, send his money to the Cayman Islands, and magically lower his own tax bill in ways average folks can’t.
And this is a defense? From one of Romney’s Republican allies?
It is a long-standing American tradition and tired joke, to take advantage of every deduction. Romney has taken that tradition, held it down and force-fed it steroids.
Did you know that American doctors are so incensed over Obamacare’s big-government communist socialism that more than eight in ten are going to quit doctoring? It’s true, according to a terribly conducted survey conducted by a shady right-wing group, reported credulously by the Daily Caller, and hyped by Matt Drudge and Fox News.
[ ]…The Doctor Patient Medical Association’s founder, Kathryn Serkes, is a long-time veteran of the Association of American Physicians and Surgeons, a collection of crackpot malcontents that opposes mandatory vaccinations, wrongly believes undocumented immigrants spread leprosy, and dabbled in Vince Foster conspiracy theorism. The group itself is solidly conservative in its politics: it boasts membership in the National Tea Party Federation; describes the Patient Protection and Affordable Care Act as “Destruction Of Our Medicine,” or DOOM; and published a sheet of talking points about the health law to help grassroots activists “beat back the White House spin machine!”
But what about this improbable survey indicating that more than 3/4 of doctors have considered hanging up the stethoscope rather than tolerate Obamacare? Well, the first thing to point out is that the survey didn’t actually ask about the Affordable Care Act. Here’s the question and the results as given by DPMA:
How do current changes in the medical system affect your desire to practice medicine?
I’m re-energized – 4.6%
Makes me think about quitting – 82.6%
Unsure/no opinion – 12.8%
Fox News and Drudge compete for little red stars from the masters of Oceanian.
So why are new, small businesses on the decline? Lynn and Khan look at all the usual suspects cited by others, and find no real explanation: taxes are actually lower than in the past, and regulatory compliance is actually easier; technology is as much boon as bane for small businesses. But one thing really has changed:
The single biggest factor driving down entrepreneurship is precisely the radical concentration of power we have seen not only in the banking industry but throughout the U.S. economy over the last thirty years. This revolutionary remaking of almost every economic activity in the nation was set in motion in 1981, when officials in the Reagan administration all but suspended traditional enforcement of America’s antimonopoly laws, a change in policy then adopted by every subsequent administration. Since then, regulators have done almost nothing to stop the great waves of mergers and acquisitions, with the result that control over most major economic activities is now more consolidated than at any time since the Gilded Age.
This concentration of economic power has not only exposed small businesses to the kind of “roll-up” operations pioneered by Mitt Romney’s Bain Capital, but has been especially powerful in the financial sector, drying up most sources of small business financing.
The conservative movement – ideological cousins of Giovanni Gentile, love to call everything and everyone who doesn’t drink the kool-aid a socialist. Yet who actually advocates healthy competition, liberals. Who wants to break up the too big to fail banks and who starts screaming at the very notion. Who advocates for monopolies and oligopolies day after day. It sure it not liberals and progressives. There is a name for the unhealthy relationship that conservatives have created between government and corporate America. It is not capitalism.
Marcus Belgrave – Body and Soul