Point of View Columns

In Search of Mitt’s Millions

Ever since he was elected president, we knew that Barack Obama’s reelection campaign would be different. We had no idea……from Sarah “Lock and Load” Palin to Rick “Oops” Perry to Herman “Pizza Man” Cain, the Teapublicans have emptied the barrel in an effort to find the ABO candidate, Anybody But Obama. And scraping the bottom of the barrel, the G.O.Tea Party presents us with Mitt “Etch and Sketch” Romney, a political weather vane with millions of dollars stashed around the world. Really?

There are so many bizarre aspects of Mitt Romney and his overseas accounts. We could start with the fact that this is the first time in memory that a person has run for president of the United States with multiple multi-million dollar accounts in Switzerland, the Cayman Islands and Lord knows where else. While it is not illegal for Mr. Romney to put his money anyplace in the world, one would think that the American people would be a little uncomfortable with a president who hedges his bets on America by placing considerable sums of money abroad.

And before Teapublican zealots begin to foam at the mouth because someone is besmirching the sacred cause of capitalism, think of the furor that would have consumed whole sections of this country if it turned out that President and Michelle Obama had Swiss bank accounts. This would have been seen as absolute proof that Barack Obama was some kind of Muslim Manchurian Candidate and calls for impeachment would ring from sea to shining sea.

It is also worth considering what the world reaction would be to a United States president who kept untold millions of dollars in secret bank accounts in Switzerland and the Cayman Islands (we just don’t know about the Isle of Man, Vanuatu and other havens for the tax averse, the secretive and the wealthy individuals who are obsessed with amassing great wealth and then hiding it). It may be perfectly legal but appearances mean something too.

It is doubtful that Angela Merkel of Germany and Vladimir Putin of Russia have Swiss bank accounts. We do know that former Nigerian dictator General Sani Abacha had Swiss bank accounts. We do know that Congolese president for life Mobutu Sese Seko had Swiss bank accounts. We can safely assume that former Liberian president, Charles Taylor (recently convicted of war crimes), had a Swiss bank account.

Other heads of state that have had Swiss bank accounts would include Saddam Hussein of Iraq, Hosni Mubarak of Egypt, Muammar Gaddafi of Libya, Juan Peron of Argentina and Jean-Bedel Bokassa of the Central African Republic. This would be truly strange company for the president of the United States to be keeping.

Mr. Romney and his cast of defenders and apologists will point out that all of his financial dealings are “perfectly legal” and indeed they may well be. But it is fair to wonder if the code of conduct for the president of the United States should simply entail his/her staying within the boundaries of the law pursuant to the advice of well-compensated lawyers who specialize in taking clients right up the line of legality.

There is no compelling reason for Mitt Romney and his wife to have millions of dollars deposited in accounts in Switzerland and the Cayman Islands except to avoid tax consequences. Certainly Mr. Romney cannot be worried about the safety and security of American banks.

Mitt Romney has been quoted as saying that he pays all the taxes that he is required to pay “and not a penny more”. That doesn’t sound like the patriotic attitude that built this country, it sounds like someone who wants to get the benefits of living in the United States on the cheap.

And it is also worth asking what, if anything, is Mitt Romney doing with his great wealth aside from building more mansions than he can ever need and two Cadillacs for his wife? After all, he has claimed that wealthy people are the “job creators” of this country. But we have yet to learn of firms or businesses or start up ventures in which he has invested his personal wealth. It doesn’t seem like he has been pushing the job creation button for quite awhile, if he ever did.

United States Supreme Court Chief Justice once said “taxes are the price that we pay for a civilized society”. Clearly Mr. Romney either wants the discount version of civilization for you and for me or he just wants you and me to pay for it – not him and his family.

Remember November 6th!

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One thought on “In Search of Mitt’s Millions

  1. KRF says:

    Disturbing. What bizarre company for a US presidential candidate let alone elected official to have: tyrants and warlords all stashing their milions while their countries drown in poverty. I wish more young people were aware and start taking action with their education…those in the job market to truly apply themselves. From this article and recent AP reports about the Hampton’s fundraiser, the Teapublicans do not care about the non-rich. It is certainly a wake up call….

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