Democrats and Swiss Bank Hypocrisy
Tuesday night at the Democrat National Convention (DNC), former Ohio (did I spell that correctly?) Governor Ted Strickland said, "In Matthew, chapter 6, verse 21, the scriptures teach us that where your treasure is, there will your heart be also." Strickland was referring to Mitt Romney's Swiss bank account. He continued, "Governor Romney, just because you bank against the United States of America doesn't mean the rest of us are willing to sell her out. We are Americans."
Senator Dick Durbin (D-IL) said on CBS' Face the Nation, "He is the first and only candidate for U.S. president with a Swiss bank account, with tax shelters." That statement may be true (I can't dispute Durbin's research), but Romney closed his Swiss bank account in 2010. Further, Romney says that he has paid all legally due taxes.
We have this attack advertisement, approved by Barack Hussein Obama, which concludes, "It's just what you would expect from a guy who had a Swiss bank account." And this website, full of speculation, says, "We don't know if he's using these accounts [Switzerland included] to avoid paying his fair share in taxes, but we do know that in 2010, Romney's tax rate was a startlingly low 13.9%." There are two obvious problems, for thinking people, with the above statement. The phrase "fair share" is never defined, and nowhere is there an explanation of why "Romney's tax rate was a startlingly low 13.9%."
But you can be assured that the Obama Kool-Aid drinkers will eat up what this website says, since they are not thinking people.
There can be no doubt that Obama and Democrats will make an issue in the 2012 campaign of Romney's Swiss bank account in an effort to distract from his disastrous economic and jobs performance. So a little investigation into the people in Obama's administration and one of his advisers is warranted.
Obama said in 2008, "I intend to tell the corporate lobbyists that their days of setting the agenda in Washington are over[.]" But that statement did not stop Obama from appointing former Swiss Bankers Association lobbyist William J. Wilkins, who is now the IRS chief counsel.
Let's not forget Mona K. Sutphen, former deputy chief of staff of policy in the Obama administration, who is currently joining Alexander S. Friedman in his role as UBS's wealth management chief investment officer.
Obama appointed Robert Wolf, CEO of UBS, to his Economic Advisory Board. Wolf left UBS in August 2012 to start his own consulting company. He has been an Obama adviser. "In Washington, Mr. Wolf is better known as President Barack Obama's chief Wall Street rainmaker." Additionally, "Wolf has committed to raising at least $500,000 in contributions" for Obama's reelection campaign. Wolf also raised that amount in 2008.
UBS is, the last time I looked, a Swiss bank.
This knowledge casts Strickland's remarks in a new light. And the attack ad cited above somehow fails to mention this information as well. Are we surprised at the omission?
Can anyone say "hypocrisy"?
It is now up to Mitt Romney to get the "Swiss Bank" truth out. Obama's campaign has launched "Swiss bank account" attack ads, so it is incumbent upon Mitt Romney to respond with an ad that says, "It's just what you would expect from a guy who had a Swiss bank adviser and appointed a Swiss bank lobbyist."
Dr. Beatty earned a Ph.D. in quantitative management and statistics from Florida State University. He was a (very conservative) professor of quantitative management specializing in using statistics to assist/support decision-making. He has been a consultant to many small businesses and is now retired. Dr. Beatty is a veteran who served in the U.S. Army for 22 years. He blogs at rwno.limewebs.com.