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Sanders is not a Democrat but an independent who has for
Run, Bernie, run!
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With the election three days off, a growing chorus of Republican operatives and pundits are saying Sandy may be the game changer. Karl Rove says it’s turning out to be the “October surprise.”Poor Karl Rove. Poor, poor Karl Rove! Other people faced Sandy and lost their lives. Many faced Sandy and lost their homes and other valuable possessions. Karl faced Sandy from a distance and may... may... lose an election. And he still has a chance of stealing it. Bastard motherfucker should just shut his fucking mouth!
“If you hadn’t had the storm, there would have been more of a chance for the [Mitt] Romney campaign to talk about the deficit, the debt, the economy. There was a stutter in the campaign. When you have attention drawn away to somewhere else, to something else, it is not to his [Romney’s] advantage,” told the Post in an interview published late last night.
Days ago Dick Morris predicted a 400+ EV Romney landslide. Now he thinks Sandy may undo Romney.
Let’s translate this from CYA-ese: I was right. Romney was winning. But that was before Sandy, the Mitt-slaying anti-Unicorn which changed everything. So, just to be clear, I was right, Romney wins. Except then there was Sandy, which no one could have predicted, so he doesn’t win. Bummer.
...I couldn't have said it better myself. I suppose all politicians lie, but there are differences among them in what they do when they are caught. Several dozen times so far we have seen Rmoney caught in a "misstatement," to put it politely, and inevitably he simply repeats the lie, louder, in more ads, emails, etc.
Mr. Romney apparently plans to end his race as he began it: playing lowest-common-denominator politics, saying anything necessary to achieve power and blithely deceiving voters desperate for clarity and truth.
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Bloomberg News: Romney ‘rented’ Mormon church’s exemption to defer taxes for 15 yearsI don't know about you, but this infuriates me well beyond Rmoney's raw wealth, which is after all not that unusual among the 0.01% in America today. It's his sense of privilege. I can just imagine Rmoney saying: "I, wealthy scion of a high-ranking Mormon family, can shelter much of my income from taxes for fifteen years, while you, stupid schmuck, have to pay your full amount yearly. And you deserve it, slave, for being who you are. I've got mine because of who I am, and fuck you if you don't like it!"
By David Edwards
Monday, October 29, 2012 15:08 EDT
Republican presidential nominee Mitt Romney used a loophole to “rent” the Mormon church’s tax exemption status and defer paying taxes for 15 years, according to a new report.
Tax returns obtained by Bloomberg News through a Freedom of Information Act request indicated that Romney set up a charitable remainder unitrust (CRUT) in June 1996 just before Congress cracked down on the loophole in 1997.
“In this instance, Romney used the tax-exempt status of a charity — the Mormon Church, according to a 2007 filing — to defer taxes for more than 15 years,” Bloomberg’s Jesse Drucker explained. “At the same time he is benefitting, the trust will probably leave the church with less than what current law requires.”
Estates lawyer Jonathan Blattmachr told Bloomberg that Romney’s trust benefits from the Mormon church’s exempt status because charities don’t pay capital gains taxes when they make a profit from the sale of assets.
“The main benefit from a charitable remainder trust is the renting from your favorite charity of its exemption from taxation,” Blattmachr said, adding that the charitable contribution “is just a throwaway” and the church would receive little if any financial benefit from the trust.
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Breaking Update: Court Unseals Potentially Devastating Testimony --I'm not an expert on investments, but this sounds like fraud coupled with a kind of insider trading: perhaps Rmoney knew of the firm's intent to go public at a dramatically higher price, and testified otherwise to save his buddy some money in the divorce. It also sounds as if it might be a very difficult thing to prove.
Romney Said Stocks Sold at 1/10th of Eventual Value Was 'Good Price'
Romney does appear to have covered for his friend.
October 25, 2012 |
[AlterNet] Editor's Update: The Boston Globe reports: "Mitt Romney testified under oath in 1991 that the ex-wife of Staples founder Tom Stemberg got a fair deal in the couple’s 1988 divorce, even though the company shares Maureen Sullivan Stemberg received were valued at a tenth of Staples’ stock price on the day of its initial public offering only a year later. At the time the Stembergs split, Romney suggested, there was little indication that Staples’ value would soon skyrocket. Romney’s testimony in a post-divorce lawsuit brought in 1990 by Sullivan Stemberg was unsealed on Thursday in Norfolk Probate and Family Court at the Globe’s request. Sullivan Stemberg sued unsuccessfully to amend the couple’s financial agreement after Staples went public in 1989 and closed its first day of trading at $22.50 per share, 10 times the value she had received."
According to the Globe, Sullivan Stemberg sold 175,000 shares of Staples stock at $2.25 per share, and sold 80,000 shares at $2.48 a few months later. “In my opinion, that’s a good price to sell the securities at,” Romney testified. "But on April 28, 1989, barely a year after Sullivan Stemberg sold more than half of her shares on the premise that they were worth less than $2.50 apiece, the company made its initial public offering at $19 per share and ended its first day at $22.50," the Globe reports.
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In the testimony, however, Romney allegedly lied about the future of the company, saying it was “overvalued” and that Stemberg was a “dreamer” for thinking the company could grow large. As a result, Maureen received very little in the divorce settlement--only to learn that her husband and his cohort Mitt Romney quickly turned around and cashed in their own stocks in Staples for a small fortune right after the divorce was finalized.Women, including those who routinely vote, are not keen on being ripped off in divorce settlements, and their empathy with other women in this matter is often understandably high. Rmoney has enough (pardon the expression) woman troubles already, without this. I've no idea how it will turn out, but it may be in the news, despite its being unfavorable to Rmoney, because the case has all the other ingredients: popular office supply store Staples, celebrity divorce lawyer Gloria Allred, Mittens, money, power, and legally questionable activity. How could a gossip-seeker ask for more?
... making Bain sound like a scrappy little start-up. And it’s true it had only 10 people at first — that, and $37 million, yes, $37 million, in seed money.Right. Myth started a $37 million "small" business underwritten by possibly unsavory MOTU outside the US.
Where did that $37 million come from? A large part from foreigners, in many cases investing via Panama-based shell companies. Also, funds from families of Central American oligarchs, who were sitting things out in Miami while death squads sponsored by their class, and in some cases by their relatives, were roaming their home countries.
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Government employing women: a great tradition! |
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The Romney source told CBS the new governor hired around 10 women to top gigs in his administration and “roughly two or three” of them were on MassGAP’s list.
CBS declared Romney’s statement at Hofstra “misleading.”
MassGAP points out that regardless of how his binders came together, Romney wasn’t all that successful by the end of his four-year term when it came to achieving MassGAP’s goal of putting more women in Massachusetts leadership.
“Prior to the 2002 election, women comprised approximately 30 percent of appointed senior-level positions in Massachusetts government. By 2004, 42 percent of the new appointments made by the Romney administration were women,” MassGAP said in the Wednesday statement. “Subsequently, however, from 2004-2006 the percentage of newly-appointed women in these senior appointed positions dropped to 25 percent.”
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How Rmoney favors growth |
(CNN) - As Mitt Romney explained, "I went to a number of women's groups and said, 'Can you help us find folks,' and they brought us whole binders full of women."
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Binder, not full of women |
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You might suggest that the Obama campaign doesn’t have much of a record on this issue for differentiation. You would be wrong. The Affordable Care Act includes an expansion of Medicaid that would allow 16 million more low-income individuals into the system. That would unquestionably help defray the nursing home costs of more low-income seniors.
This chart above, via Kevin Drum, shows the difference pretty clearly. The level of spending on the health care safety net program for the poor veers almost entirely between Obama and Romney. And this ad shows that the Obama campaign has finally decided to make a fight on that point.
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The point is that, even if Obama wanted to keep Medicaid spending constant, this would represent a huge difference with Romney. But he actually has signed legislation expanding it. If Medicaid doesn’t come up in the context of the safety net in tomorrow’s town hall-style debate, then somebody isn’t doing their job.
...That's about the size of it. Biden serviced the base, and that was the most important thing he could have done tonight.
After the debate ended, Republicans were calling it a draw and Democrats were calling it a strong win for Biden. That tells you all you need to know.
Yet I don’t think any of those things compare to this: Biden made the whole Democratic argument — on policy and values and he hit Romney really everywhere Democrats wanted him to. He left nothing unsaid. You can agree with those points or not. But this was exceedingly important for recovering the damage from last week’s debate when many Obama supporters simply felt that Obama wasn’t willing or able or something to make the case Democrats around the country are hyped up to make. Why didn’t you say this? Why’d you let him get away with that?
Biden said it all. And for Democrats around the country that was extremely important.
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The Romney campaign cast Obama as an outlier president who failed to continue a bipartisan tradition of a strong military and leadership in the world. Several times on the call, his advisers described Romney as following a tradition that included Presidents Harry Truman, John F. Kennedy, Ronald Reagan and Bill Clinton while President Obama’s approach, they said, was similar to Jimmy Carter’s. Romney’s approach is “a restoration of a strategy that served us well for over 70 years” and will renew a “bipartisan vision” of foreign policy, Wong said. “[Obama’s] foreign policy is marked by passivity, by delay and by indecision.”
In Wednesday night’s debate, Romney won on style while Obama won on substance. Romney sounded as if he had conviction, which means he’s either convinced himself that the lies he tells are true or he’s a fabulous actor.Well, maybe. I believe Rmoney is completely and unabashedly a flim-flam man, a car salesman, a huckster. He is indifferent to the truth or falsehood of his statements, as long as they have the impact he desires. So he can spend an evening with Obama, pretending he's a moderate, disavowing everything else he has said during and since the GOP convention.
...Please read both Krugman's and Kliff's posts; both are informative... and eyebrow-raising. In short, Rmoney lied about favoring coverage of preexisting conditions. How many Americans would fall through the cracks if continuous coverage were required to obtain coverage of preexisting conditions?
It started with the Republican presidential candidate saying during an appearance on “Meet the Press” that he liked the Affordable Care Act’s provision that requires insurers to cover preexisting conditions, and would support something similar. Hours later, his campaign clarified he did not, however, support a federal ban against denying coverage for preexisting conditions. Around 10 p.m., the Romney camp had circled back to the same position it held back in March: that the governor supports coverage for preexisting conditions for people who have had continuous coverage.
Pants on Fire!
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