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Sunday, July 22, 2012

Mitt Romney’s Bain Capital Shell Game


Mitt Romney’s business past appears to be nothing more than one degree of separation from drug cartel and run-of-the-mill Central American criminals. This is the guy who wants to become the first American president who accumulated the initial Bain Capital operational monies from such shady characters. Millions of dollars were handed over to Romney via his shell companies in offshore tax haven countries so Romney could later buy up American companies, Zombie-style, and such the life out of them for a huge profit.

This is the guy the GOP is hoping to walk into the White House. The guy with Tony Soprano-like associations.

In the article “Foreigners craving secrecy gave Bain Capital start-up funding”, by Tanfani, Mason, and Gold detail the relationships. The monies to Bain were placed into offshore shell companies, which later were used as operating capital for Romney’s future buying sprees of wounded American companies, that were eventually shut down, drained of all capital and assets resulting in the firing of all the employees for a nice, sweet profit. Following the liquidation, many of the profits were deposited into offshore, tax haven accounts.

The investor’s identities were shielded through these offshore shell companies. Around $9 million came from influential and important Salvadorans, who were allegedly funding their home country’s brutal and violent civil war. $2.5 million came from an investor, Jack Lyons, later convicted of unrelated stock fraud, called the Guinness Affair. More dollars came from investors in the de Sola family, who were investigated by the CIA for funding of right-wing death squads in El Salvador. Orlando de Sola is serving a four-year prison term for unrelated fraud charges.

This is Mitt Romney’s past associations. This is how Mitt Romney made his money and started up his Bain Capital venture capital business.

Is he the man we want to serve in any government position? The GOP should be ashamed of themselves for not vetting this sociopath and pervert to represent them as their candidate for President of the United States?

 (http://eye-on-washington.blogspot.com)

Saturday, July 21, 2012

Is Romney A Secret Porn Pervert?

The Mittster has a reissued campaign pledge to rally behind. He wants to restrict all Americans from viewing porn, in the privacy of their own homes. He is making this issue a rallying cry to his fellow GOP perverts, too!

I suspect that The Mittster is a closet porn pervert, and is now making it a campaign pledge to fight against. It is like those closet GOP homosexuals who play footsies in public airport bathrooms with unknown stallmates, yet seem to carry the anti-gay torch in the Congress.

Now we have another torch-carrier against porn and it has materialized in Mitt Romney! So, now we have to wonder if Mitt is a closet porn viewer.

There are soooooo many other issues to carry a torch on the behalf of, such as unemployment, child homelessness, undocumented worker indentured servitude, wage stagnation, campaign finance reform, outsourcing, tax avoidance, etc., but The Mittster has taken on pornography. Is there something interesting with this picture? He wants to make sure that all new computers sold won't be able to open up porn sites. That is his big American issue.

Whatever happened to the GOP's big problem with government interference into the lives of Americans? Well, it appears it doesn't apply to Americans viewing porn sites. So much for hypocrisy. In reality, the GOP loves to interfere in the privacy lives of Americans in spite of what they say publicly. They love to spy, in their imaginations, into the bedrooms of Americans!! They just don't want interference into the lives of GOP business practices, such as fraud, outsourcing, tax evasion, tax havens, or tax avoidance.

So many of the GOPers must be perverts, too!!

So, is Mitt Romney a secret porn pervert? Maybe!!

(http://eye-on-washington.blogspot.com)

Friday, July 20, 2012

Mitt Romney Is A Sociopath


So much is unfolding over Mitt Romney and it is not good. Mitt and Ann Romney are predators, as well as full-blown sociopaths : A person with a personality disorder manifesting itself in extreme antisocial attitudes and behavior and a lack of conscience. Being deacon in the Mormon Church and its number one personality, has not seemed to raise the voices—audibly and publicly—of fellow church members over their top two senior perverts as they travel across the country lying about themselves and others.

Ann recently came out saying that “you people” don’t need to know more about our tax returns. No Ann, we don’t? Ann, you and your husband want to move into the White House and run the country. Mitt has said nothing about how he would do it other than to slash and burn during his first week as president, and create a Scorched Earth-style administrative agenda that would hurt the 99% and reward the 1%. And, he keeps telling us to ‘trust him’ because he was a successful businessman, and that he knows just how to run the country---predator style.

What Mitt and Ann know how to do best is lie, and fake it. They got rich by being destroyers. As the owner, president, CEO, and chairman of Bain Capital Investment and LLC, as well as sole stockholder, they bought wounded American companies and “Zombied” them to death by sucking the life and soul out of them, firing workers, selling off assets, bankrupting the businesses, and writing off the debts, while earning big fat fees and profits for themselves.

What the Romneys did with their new found gains by writing off these dead companies, and selling off the assets was to invest in offshore accounts located in tax havens, and Swiss bank accounts pretending to be “foreigners” (investment information was never sent back to the home country) so as to avoid the heavier tax burden found in the United States. In addition, they found ways to avoid U.S. taxes, such as saying their horse was a medical expense for his wife, which amounted to around $7000.00!

Such antics can only be done by the billionaires, of which the Romneys are a club member. They are the ultra-elite. They aren’t just elitists, which their ilk label Democrats as being, but are in actuality—super elitists. They refer to the hardworking, everyday folks as “YOU PEOPLE”. They are bigots of the “every-person”.

The Romneys don’t want any exposure of their predatory behavior as owners of Bain Capital, or of their secretive tax returns. They cover up the truth by lying.

Mitt appears to have faked and lied about exactly when he stopped running, advising, signing off on documents, ruling, and approving decisions made at Bain while away in Utah playing chief for the U.S. Olympic Committee, and while prepping for his run to the Massachusetts Governor’s mansion. The SEC seems to be interested in these documents, as well, since he said he had “retired” from Bain in 1999, but documents prove otherwise showing he was directly involved into 2001 and 2002.

The Romneys have stated that, yes, they are millionaires, but their publicly suppressed tax returns might show that they are really billionaires, who may have found sweet tax loopholes to squeeze into, and lower tax rates to latch on to.

Did they ever pay zero taxes? Did they work out a tax rate below 10%? Were they serious tax avoiders?

Do Americans want such a person as their president? Do Americans feel that since they must pay taxes on income that cannot be sheltered, or moved offshore, that millionaires and billionaires should, at the very least, pay the same tax rates as they do, or even more? I know they do!!

Do Americans believe, that at the very least, a presidential contender needs to reveal fully transparent tax returns? I am sure they do.

Sleazegate Romney has shown to be King Midas sitting on his piles of gold, while the rest of us see him as the wannabe emperor with no clothes.

Sleazegate Romney doesn’t take responsibility for anything! He deflects. In this regard, he is like LilboyBush, who when asked if he would have done anything differently during his 8-years, he couldn’t think of a single fucked over and failed decision to reverse. Not even to turn right-side-up the book, My Pet Goat, as 9/11 was taking place, while he sat dumbfounded in that kindergarten classroom.

All LilboyBush as to say about his presidency was that it was “awesome, and powerful”. How pitiful!

Romney has the gall to go after Obama’s youthful indiscretions as a high schooler and college student, yet Sleazegate Romney fails to understand that his vicious bullying, while a college student makes his pot just as black as the kettle. This further validates that Romney is a pervert and sociopath. His bullying and meanness harmed others and left those individuals involved regretting their contribution as Romney accomplices. Whatever drugs Obama smoked did not affect anyone but himself. Romney is just too disturbed and dysfunctional to get it.

Romney believes that college is out there for ya’ to grab hold of. All you have to do is borrow from your parents, even if your parents are struggling as a result of a poor economy, unemployment, outsourcing, and the actions of the GOP and complicit Democrats. Not every American can attend college on Daddy’s dollar like Willard Mitt Romney was able to do. Sleazegate Romney has no compassion, or understanding, or empathy because he IS a sociopath.

If Romney’s premise is that the rich need socialism in the form of the lowest tax rates in history (don’t forget government contracts) in order to become “job creators”, then why did Romney send his wealth offshore creating even more personal wealth and not keep it in the United States to be used to create jobs? It is because he doesn’t believe that lower tax rates create jobs. On the contrary, the facts show that higher tax rates do create millions of new jobs, and not the reverse.

Romney may be a billionaire with multiple homes and a Cadillac in every garage, but as a human being he is incompetent!

We are closing in on the RNC’s big convention day, and Sleazegate will follow the Mittster onto center stage. I bet the GOP is very concerned about their guy-by default- dragging a big ball and chain behind him. Especially, Ann Coulter.

(http://eye-on-washington.blogspot.com) 

Tuesday, July 3, 2012

77% of JP Morgan’s Net Income Comes from Government Subsidies

From Washingtonsblog.com

JP Morgan Sucks at the Government Teat

JP Morgan’s credit rating would be much lower without government backing.
As Bloomberg noted last week:
JPMorgan benefited from the assumption that there’s a “very high likelihood” the U.S. government would back the bank’s bondholders and creditors if it defaulted on its debt, according to the statement. Without the implied federal backing, JPMorgan’s long-term deposit rating would have been three levels lower and its senior debt would have dropped two more steps, Moody’s said.
And as the editors of Bloomberg pointed out a couple of weeks ago:
JPMorgan receives a government subsidy worth about $14 billion a year, according to research published by the International Monetary Fundand our own analysis of bank balance sheets. The money helps the bank pay big salaries and bonuses. More important, it distorts markets, fueling crises such as the recent subprime-lending disaster and the sovereign-debt debacle that is now threatening to destroy the euro and sink the global economy.
***
With each new banking crisis, the value of the implicit subsidy grows. In a recent paper, two economists — Kenichi Ueda of the IMF and Beatrice Weder Di Mauro of the University of Mainz — estimated that as of 2009 the expectation of government support was shaving about 0.8 percentage point off large banks’ borrowing costs. That’s up from 0.6 percentage point in 2007, before the financial crisis prompted a global round of bank bailouts.
To estimate the dollar value of the subsidy in the U.S., we multiplied it by the debt and deposits of 18 of the country’s largest banks, including JPMorgan, Bank of America Corp. and Citigroup Inc. The result: about $76 billion a year. The number is roughly equivalent to the banks’ total profits over the past 12 months, or more than the federal government spends every year on education.
JPMorgan’s share of the subsidy is $14 billion a year, or about 77 percent of its net income for the past four quarters. In other words, U.S. taxpayers helped foot the bill for the multibillion-dollar trading loss that is the focus of today’s hearing. They’ve also provided more direct support: Dimon noted in a recent conference call that the Home Affordable Refinancing Program, which allows banks to generate income by modifying government-guaranteed mortgages, made a significant contribution to JPMorgan’s earnings in the first three months of 2012.
Way to suck at the government teat, Mr. self-proclaimed free market champion.

Wednesday, June 20, 2012

22 Democrats in Senate Voted Against Food Stamps



From the Huffington Post:



The Senate overwhelmingly rejected a bid to preserve some $4.5 billion in food stamps funding, as part of the massive farm bill, on Tuesday.
The amendment to keep that spending in the Supplemental Nutrition Assistance Program, offered by Sen. Kirsten Gillibrand (D-N.Y.), failed 33 to 66. Sixty votes were needed to pass.
Gillibrand had hoped to prevent food aid cuts in the $969 billion bill by trimming the guaranteed profit for crop insurance companies from 14 to 12 percent and by lowering payments for crop insurers from $1.3 billion to $825 million.
"Half of the food stamp beneficiaries are children, 17 percent are seniors, and unfortunately now 1.5 million households are veteran households that are receiving food stamps," Gillibrand said, referring not just to heat-and-eat participants, but the broader population of food stamp recipients.


"...Congress has grown increasingly concerned about spending for the food stamp program. Some 26 million Americans received the aid in 2007, while more than 44 million received it last year, at a cost of $76 billion. The Congressional Budget Office estimated recently that demand will continue to grow through 2014 in the wake of the recession..."


The House has proposed even steeper cuts. The 2013 budget resolution passed by the lower chamber calls for $134 billion in cuts over 10 years. The House Agriculture Committee's version of the farm bill would slash $33 billion over 10 years.
***********************
Congress should not be concerned that the food stamp program cost $76 billion. It SHOULD be concerned that 44 MILLION Americans needed food stamps in 2007. That is just shy of one sixth of the U.S. population. The numbers are increasing.


Congress and Big Business, Big Agriculture, Big Pharma et. al. want to sacrifice the well-being of many for lining the pockets of the few.


Just look at WHO voted Nay in regards to providing food resources to people in need. Many of those Democrats are from poor states where unemployment is significant and low wage earners need food stamp support.


The United States is beginning its full-blown austerity program. As Paul Krugman stated on the Colbert Report: we are headed in the same direction as Ireland, especially if Romnibot becomes president.
**********************************


U.S. Senate Roll Call Votes 112th Congress - 2nd Session
as compiled through Senate LIS by the Senate Bill Clerk under the direction of the Secretary of the Senate
Vote Summary
Question: On the Amendment (Gillibrand Amdt. No. 2156 As Modified )
Vote Number:135Vote Date:June 19, 2012, 06:35 PM
Required For Majority:1/2Vote Result:Amendment Rejected
Amendment Number:S.Amdt. 2156 to S. 3240 (Agriculture Reform, Food, and Jobs Act of 2012)
Statement of Purpose:To strike a reduction in the supplemental nutrition assistance program and increase funding for the fresh fruit and vegetable program, with an offset that limits crop insurance reimbursements to providers.
Vote Counts:YEAs33
NAYs66
Not Voting1
Vote SummaryBy Senator NameBy Vote PositionBy Home State

Alphabetical by Senator Name
Akaka (D-HI), Yea
Alexander (R-TN), Nay
Ayotte (R-NH), Nay
Barrasso (R-WY), Nay
Baucus (D-MT), Nay 
Begich (D-AK), Yea
Bennet (D-CO), Nay 
Bingaman (D-NM), Nay
Blumenthal (D-CT), Yea
Blunt (R-MO), Nay
Boozman (R-AR), Nay
Boxer (D-CA), Yea
Brown (D-OH), Yea
Brown (R-MA), Yea
Burr (R-NC), Nay
Cantwell (D-WA), Yea
Cardin (D-MD), Yea
Carper (D-DE), Nay
Casey (D-PA), Yea
Chambliss (R-GA), Nay
Coats (R-IN), Nay
Coburn (R-OK), Nay
Cochran (R-MS), Nay
Collins (R-ME), Nay
Conrad (D-ND), Nay
Coons (D-DE), Yea
Corker (R-TN), Nay
Cornyn (R-TX), Nay
Crapo (R-ID), Nay
DeMint (R-SC), Nay
Durbin (D-IL), Nay
Enzi (R-WY), Nay
Feinstein (D-CA), Yea
Franken (D-MN), Nay 
Gillibrand (D-NY), Yea
Graham (R-SC), Nay
Grassley (R-IA), Nay
Hagan (D-NC), Nay
Harkin (D-IA), Nay
Hatch (R-UT), Nay
Heller (R-NV), Yea
Hoeven (R-ND), Nay
Hutchison (R-TX), Nay
Inhofe (R-OK), Nay
Inouye (D-HI), Nay
Isakson (R-GA), Nay
Johanns (R-NE), Nay
Johnson (D-SD), Nay
Johnson (R-WI), Nay
Kerry (D-MA), Yea
Kirk (R-IL), Not Voting
Klobuchar (D-MN), Nay
Kohl (D-WI), Nay
Kyl (R-AZ), Nay
Landrieu (D-LA), Nay
Lautenberg (D-NJ), Yea
Leahy (D-VT), Yea
Lee (R-UT), Nay
Levin (D-MI), Yea
Lieberman (ID-CT), Yea
Lugar (R-IN), Nay
Manchin (D-WV), Nay
McCain (R-AZ), Nay
McCaskill (D-MO), Nay 
McConnell (R-KY), Nay
Menendez (D-NJ), Yea
Merkley (D-OR), Yea
Mikulski (D-MD), Yea 
Moran (R-KS), Nay
Murkowski (R-AK), Yea
Murray (D-WA), Yea
Nelson (D-FL), Nay
Nelson (D-NE), Nay
Paul (R-KY), Nay
Portman (R-OH), Nay
Pryor (D-AR), Nay
Reed (D-RI), Yea
Reid (D-NV), Yea
Risch (R-ID), Nay
Roberts (R-KS), Nay
Rockefeller (D-WV), Yea
Rubio (R-FL), Nay
Sanders (I-VT), Yea
Schumer (D-NY), Yea
Sessions (R-AL), Nay
Shaheen (D-NH), Yea
Shelby (R-AL), Nay
Snowe (R-ME), Yea
Stabenow (D-MI), Nay
Tester (D-MT), Nay
Thune (R-SD), Nay
Toomey (R-PA), Nay
Udall (D-CO), Nay
Udall (D-NM), Yea
Vitter (R-LA), Nay
Warner (D-VA), Nay
Webb (D-VA), Nay

Whitehouse (D-RI), Yea
Wicker (R-MS), Nay
Wyden (D-OR), Yea 
Vote SummaryBy Senator NameBy Vote PositionBy Home State

Grouped By Vote Position
YEAs ---33
Akaka (D-HI)
Begich (D-AK)
Blumenthal (D-CT)
Boxer (D-CA)
Brown (D-OH)
Brown (R-MA)
Cantwell (D-WA)
Cardin (D-MD)
Casey (D-PA)
Coons (D-DE)
Feinstein (D-CA)
Gillibrand (D-NY)
Heller (R-NV)
Kerry (D-MA)
Lautenberg (D-NJ)
Leahy (D-VT)
Levin (D-MI)
Lieberman (ID-CT)
Menendez (D-NJ)
Merkley (D-OR)
Mikulski (D-MD)
Murkowski (R-AK)
Murray (D-WA)
Reed (D-RI)
Reid (D-NV)
Rockefeller (D-WV)
Sanders (I-VT)
Schumer (D-NY)
Shaheen (D-NH)
Snowe (R-ME)
Udall (D-NM)
Whitehouse (D-RI)
Wyden (D-OR)
NAYs ---66
Alexander (R-TN)
Ayotte (R-NH)
Barrasso (R-WY)
Baucus (D-MT)
Bennet (D-CO)
Bingaman (D-NM)
Blunt (R-MO)
Boozman (R-AR)
Burr (R-NC)
Carper (D-DE)
Chambliss (R-GA)
Coats (R-IN)
Coburn (R-OK)
Cochran (R-MS)
Collins (R-ME)
Conrad (D-ND)
Corker (R-TN)
Cornyn (R-TX)
Crapo (R-ID)
DeMint (R-SC)
Durbin (D-IL)
Enzi (R-WY)
Franken (D-MN)
Graham (R-SC)
Grassley (R-IA)
Hagan (D-NC)
Harkin (D-IA)
Hatch (R-UT)
Hoeven (R-ND)
Hutchison (R-TX)
Inhofe (R-OK)
Inouye (D-HI)
Isakson (R-GA)
Johanns (R-NE)
Johnson (D-SD)
Johnson (R-WI)
Klobuchar (D-MN)
Kohl (D-WI)
Kyl (R-AZ)
Landrieu (D-LA)
Lee (R-UT)
Lugar (R-IN)
Manchin (D-WV)
McCain (R-AZ)
McCaskill (D-MO)
McConnell (R-KY)
Moran (R-KS)
Nelson (D-FL)
Nelson (D-NE)
Paul (R-KY)
Portman (R-OH)
Pryor (D-AR)
Risch (R-ID)
Roberts (R-KS)
Rubio (R-FL)
Sessions (R-AL)
Shelby (R-AL)
Stabenow (D-MI)
Tester (D-MT)
Thune (R-SD)
Toomey (R-PA)
Udall (D-CO)
Vitter (R-LA)
Warner (D-VA)
Webb (D-VA)
Wicker (R-MS)
Not Voting - 1
Kirk (R-IL)
Vote SummaryBy Senator NameBy Vote PositionBy Home State

Grouped by Home State
Alabama:Sessions (R-AL), NayShelby (R-AL), Nay
Alaska:Begich (D-AK), YeaMurkowski (R-AK), Yea
Arizona:Kyl (R-AZ), NayMcCain (R-AZ), Nay
Arkansas:Boozman (R-AR), NayPryor (D-AR), Nay
California:Boxer (D-CA), YeaFeinstein (D-CA), Yea
Colorado:Bennet (D-CO), NayUdall (D-CO), Nay
Connecticut:Blumenthal (D-CT), YeaLieberman (ID-CT), Yea
Delaware:Carper (D-DE), NayCoons (D-DE), Yea
Florida:Nelson (D-FL), NayRubio (R-FL), Nay
Georgia:Chambliss (R-GA), NayIsakson (R-GA), Nay
Hawaii:Akaka (D-HI), YeaInouye (D-HI), Nay
Idaho:Crapo (R-ID), NayRisch (R-ID), Nay
Illinois:Durbin (D-IL), NayKirk (R-IL), Not Voting
Indiana:Coats (R-IN), NayLugar (R-IN), Nay
Iowa:Grassley (R-IA), NayHarkin (D-IA), Nay
Kansas:Moran (R-KS), NayRoberts (R-KS), Nay
Kentucky:McConnell (R-KY), NayPaul (R-KY), Nay
Louisiana:Landrieu (D-LA), NayVitter (R-LA), Nay
Maine:Collins (R-ME), NaySnowe (R-ME), Yea
Maryland:Cardin (D-MD), YeaMikulski (D-MD), Yea
Massachusetts:Brown (R-MA), YeaKerry (D-MA), Yea
Michigan:Levin (D-MI), YeaStabenow (D-MI), Nay
Minnesota:Franken (D-MN), NayKlobuchar (D-MN), Nay
Mississippi:Cochran (R-MS), NayWicker (R-MS), Nay
Missouri:Blunt (R-MO), NayMcCaskill (D-MO), Nay
Montana:Baucus (D-MT), NayTester (D-MT), Nay
Nebraska:Johanns (R-NE), NayNelson (D-NE), Nay
Nevada:Heller (R-NV), YeaReid (D-NV), Yea
New Hampshire:Ayotte (R-NH), NayShaheen (D-NH), Yea
New Jersey:Lautenberg (D-NJ), YeaMenendez (D-NJ), Yea
New Mexico:Bingaman (D-NM), NayUdall (D-NM), Yea
New York:Gillibrand (D-NY), YeaSchumer (D-NY), Yea
North Carolina:Burr (R-NC), NayHagan (D-NC), Nay
North Dakota:Conrad (D-ND), NayHoeven (R-ND), Nay
Ohio:Brown (D-OH), YeaPortman (R-OH), Nay
Oklahoma:Coburn (R-OK), NayInhofe (R-OK), Nay
Oregon:Merkley (D-OR), YeaWyden (D-OR), Yea
Pennsylvania:Casey (D-PA), YeaToomey (R-PA), Nay
Rhode Island:Reed (D-RI), YeaWhitehouse (D-RI), Yea
South Carolina:DeMint (R-SC), NayGraham (R-SC), Nay
South Dakota:Johnson (D-SD), NayThune (R-SD), Nay
Tennessee:Alexander (R-TN), NayCorker (R-TN), Nay
Texas:Cornyn (R-TX), NayHutchison (R-TX), Nay
Utah:Hatch (R-UT), NayLee (R-UT), Nay
Vermont:Leahy (D-VT), YeaSanders (I-VT), Yea
Virginia:Warner (D-VA), NayWebb (D-VA), Nay
Washington:Cantwell (D-WA), YeaMurray (D-WA), Yea
West Virginia:Manchin (D-WV), NayRockefeller (D-WV), Yea
Wisconsin:Johnson (R-WI), NayKohl (D-WI), Nay
Wyoming:Barrasso (R-WY), NayEnzi (R-WY), Nay
Vote SummaryBy Senator NameBy Vote PositionBy Home State