Category Archives: Mitt Romney

Romney Campaign Prepped to Deal With Elite Media Bias

It is good to see Republicans talking about elite media bias and actively taking strategy to counter it. It is important to make examples of elite media reporters by name when they decide to behave like state run media.

Emily Miller:

It’s hard to compete with someone who gets Nobel Prizes and Grammy Awards just for showing up at the office. In running against someone as highly praised as Barack ObamaMitt Romney has his work cut out for him. As his supporters point out, Wednesday night’s presidential debate offers the Republican candidate a chance to present his plan for prosperity directly to the country. He needs to take it.

On Sunday, New Jersey Gov. Chris Christie explained the importance of the debate to ABC’s George Stephanopoulos. “Let’s face it, George, there’s been a lot of filtering going on,” the Republican chief executive said to the former Democratic aide. “This is the first moment when the American people are going to be able to see these two guys side by side laying out their vision unfiltered. And I think that’s going to be a powerful moment for Mitt Romney.”

The Media Research Center (MRC) on Tuesday documented the purported impartiality of Mr. Stephanopoulos‘ debate analysis since he joined ABC in 1997. According to MRC, the anchor of “This Week” and “Good Morning America” declared the Democratic candidate the winner in eight of the nine general election presidential debates.

Over on “Fox News Sunday,” host Chris Wallace mentioned two stories this week that struck him about media bias. He held up the Washington Post from Wednesday and pointed to the lead story, “Ohio, Florida Give Obama an Edge,” and the sidebar, “For Obama, the Buckeye State May be a Bull’s-eye.” The Fox News anchor noted that his wife had said to him, “I guess the race is over according to The Washington Post.”

He then showed the cover of Time magazine this week, which has Mr. Romney in a church stained-glass window, and noted that with just five weeks before the election, the magazine was focused on the candidate’s religion instead of his economic or foreign policies.

Mr. Wallace also asked his guest, vice presidential candidate Paul Ryan, whether he thinks “the mainstream media is carrying water for Barack Obama.” The Wisconsin Republican replied, “I think it kind of goes without saying that there’s definitely a media bias. … I’m a conservative person, I’m used to media bias. We expected media bias going into this.”

Touching story reveals the character of Mitt Romney (video).

Now that we are back from vacation, it is amazing what a busy news cycle the last two weeks have been. Usually August is a slow time news wise and since the conventions are so scripted we did not expect much news to come from them; boy were we wrong. We have much to catch up on, including an interesting book review to publish, so stay tuned over the next week or so as we catch up on things and hopefully we can offer some new insights of the news of the last two weeks and today.

We will start with this touching story of a man who runs a charity for homeless veterans. He had a run in with Mitt Romney back in 1994 and… well just watch.

Biden to Black Americans: Romney gonna put y’all back in chains!

Wow, talk about unhinged. And of course Andrea Saul can’t think of anything imaginative to respond with.

If there is inner city violence come election day, Democrats should blame Biden as his rhetoric is nothing short of unhinged incitement.

 

Ben Shapiro at Breitbart News:

This morning in Virginia, Vice President Joe Biden dropped some shocking and offensive language in ripping into Mitt Romney’s economic plans. Stooping to a new low, Biden said, “Romney wants to let the—he said in the first 100 days, he’s going to let the big banks once again write their own rules–unchain Wall Street. They gonna put y’all back in chains.”

The southern accent Biden adopts for that last line is deeply disturbing; it’s a clear reference to slavery. The city of Danville, where Biden was speaking, has a black population of 48.6 percent; 19.8 percent of all Virginians are black. Those facts surely did not go unnoticed by Biden. This is race-baiting as its finest. It is despicable.

The Romney campaign responded immediately, demanding an apology from the Obama campaign. “After weeks of slanderous and baseless accusations leveled against Governor Romney, the Obama Campaign has reached a new low,” said Andrea Saul, Romney’s campaign spokeswoman, in a statement. “The comments made by the Vice President of the United States are not acceptable in our political discourse and demonstrate yet again that the Obama Campaign will say and do anything to win this election. President Obama should tell the American people whether he agrees with Joe Biden’s comments.”

Thus far, such tactics have not worked on the Obama campaign, which seemingly has no shame; last week, they allowed an associated Super PAC to attack Romney as the passive murderer of Joe Soptic’s wife, and refused to condemn such action. With the Obama campaign becoming more and more desperate, their language is becoming more and more extreme. Paul Ryan’s selection as Mitt Romney’s VP pick seems to be shaking up the Democrats’ strategy – and their fallback position appears to be vulgarity and political slander.

CBS News edits out key portions of the Romney/Ryan interview about Medicare policy

The elite media, especially ABC, used the same tactic against Sarah Palin repeatedly. They edited out the substantive portions of her answers to make her look vapid.

See the video here: http://www.therightscoop.com/60-minutes-edits-out-my-mom-is-a-medicare-senior-in-florida-of-romneyryan-interview/

Ann Coulter Blasts Romney Campaign and Andrea Saul. Is Romney Serious About Repealing Obamacare? – UPDATED!

UPDATE – Even CNN dismantles this add showing how it is just not true: http://www.youtube.com/watch?v=PMkmxJ3P9Tw

UPDATE II – Obama lied about his campaign not linking Romney to “murder” – LINK  –  LINK.

 

Coulter is right. This is an embarrassment. Andrea Saul did not even seem to have the best facts straight before responding on behalf of the Romney Campaign. The question is, why does a presidential campaign have a twenty-something hottie for a campaign spokesman?

In case you missed it, here is Andrea Saul responding to an Obama ad accusing Mitt Romney of costing a man his job and health care for his family. His wife didn’t want to report she was sick and died of stage four cancer. The accusation is silly on its face. We will give the answer she should have given in a moment, but first watch this spectacle:

SAUL: To that point, you know, if people had been in Massachusetts under Governor Romney’s health care plan, they would have had health care. There are a lot of people losing their jobs and their health care in President Obama’s economy.

The text comment by the YouTube uploader is correct in that answers like this make people doubt that the campaign is serious about repealing ObamaCare. This is now the third Romney Campaign luminary who has indicated this in one form or another. This is compounded by the fact that Romney was for the national insurance mandate before he was against it.

The ad is a preposterous lie for several reasons:

1 –  Mitt Romney left Bain for the Olympics before the decision was made to close the plant and an Obama Campaign bundler was actually running Bain at the time.

2 – The company was dying and Bain tried to rescue GST Steel. The man in the video has Bain Capital to thank because without them GST Steel would have died three years earlier.

3 – The woman who died had insurance when her husband left GST Steel.

4 – And she didn’t get very ill until 2006!

5 – The Obama campaign says that the ad was done by a 527 group and that it has no control over what they do, but what they don’t say is that Obama Cabinet members are the ones funding the 527.

6 – Obama is directly responsible for almost 100,000 energy jobs lost and those are top jobs with insurance. Obama is also responsible for retirees at Delphi losing many of their benefits. Only FDR beats Obama when it comes to sustained job losses over time.

UPDATE – Soptic was offered a buyout from Bain when he worked for the company and CHOSE NOT TO TAKE THE INSURANCE – LINK.

That is why this ad is such an outrage. So it is not as if Andrea Saul did not have plenty of legit ammo to use in her response. You can be sure that some conservative voters will stay home on election day simply because they saw Andrea Saul’s remarks.

Ann Coulter:

I am going to get in trouble for what I am about to say here but it must be said. There is a problem in insider American politics that people should be aware of.

Let me preface my remarks by saying that candidates for Congress ask me for advice often as well as communications pros from around the country. While we are not nearly as popular as Hotair.com or Gateway Pundit this web site has a big enough impact that many in political journalism are very aware of us (and at the risk of being immodest have been aware of yours truly for several years). I spent some time in DC. When looking for work I learned that my competition for most any position included at least a dozen ladies who all are wielding serious cleavage, sparkling hair, a come hither smile, and a Masters Degree. I know through experience that countless women like this come to DC to get their Congressional and Executive Branch knee pads. If anyone thinks that “Monica Lewinsky’s” are uncommon they have not spent time in DC. Sex appeal is a weapon in politics and anyone who tells you otherwise is lying to you or hasn’t actually spent time in the district.

With that said does this mean that we are accusing Andrea Saul of sleeping her way to the top? No we are not. But what we will say is that she has been around for a few years, we are aware of her, and while she is certainly a hottie, her skills as a crisis communications pundit have never seemed particularly impressive [Editor’s Note – we take no pleasure in saying this and we understand that Miss Saul is a real person with real feelings. With that said this is a presidential camnpaign and the stakes are just too high to have this kind of a problem. We wish Miss Saul all the best in her future endeavors].

86% of Romney Elite Media Coverage Negative; Obama Coverage “Gushing” With Approval…

Their coverage of McCain/Palin was not even this negative.

Lets talk about Sarah Palin for just a moment. People now realize that Sarah Palin has been correct on issue after issue. She was right about ObamaCare, she was right about how radical the Obama Administration would be, she was also right when she predicted the rise of food prices very early on. Even the Wall Street Journal trashed Palin for the food prediction, but time after time she has been shown correct. The result is that more and more people doubt the elite media and truly understand just how vicious a partisan attack machine it has become.

Washington Times:

Media bias has gone from bad to ridiculous.

During Mitt Romney’s overseas visit earlier this week, 86 percent of the coverage on ABC, CBS and NBC “emphasized Romney’s perceived gaffes,” according to a content analysis of 21 major news stories by the Media Research Center, which also compared Mr. Romney’s trip to a similar excursion made by President Obama in 2008.

The results: The broadcast networks committed 53 minutes of almost entirely negative coverage to Mr. Romney, and 92 minutes of “gushing” to Mr. Obama.

“The near unanimous negativity of their coverage is as outrageous as it is transparent,” observes the center’s founder Brent Bozell. “It’s impossible to look at the fawning coverage of Obama’s trip in 2008 compared to the sliming Romney has taken in 2012 and not see a clear agenda on the part of the liberal media.”

mmm

Obama’s “You Didn’t Build That” comments were not out of context (video)

Romney Obama Built Out of Context

Judge for yourself. When Obama goes off teleprompter he gets that tear and hesitation in his voice that we have gotten to know so well.

Governor Romney makes a good point here – “The Context Is Worse Than The Quote”

The “You didn’t build that/you don’t deserve to keep most of your profits” theme is nothing new among radicalized anti-capitalist academia. I heard it when I was in college from Marxist professors. In the video below Massachusetts Senate Candidate Elizabeth Warren, the professor who lied about being a native American to get her job at university, says the same thing (listen to the hostility in her voice).

New York Times: We submit quotes and interviews to the campaign for approval/VETO

They say that the editing doesn’t change the meaning….. like heck it doesn’t. If it didn’t they would state this in every piece with an asterisk and more journalists and campaign staffers would be willing to go on the record to talk about this. They didn’t teach my this in J-School.

http://www.nytimes.com/2012/07/16/us/politics/latest-word-on-the-campaign-trail-i-take-it-back.html?_r=2:

Latest Word on the Trail? I Take It Back

By

The quotations come back redacted, stripped of colorful metaphors, colloquial language and anything even mildly provocative.

They are sent by e-mail from the Obama headquarters in Chicago to reporters who have interviewed campaign officials under one major condition: the press office has veto power over what statements can be quoted and attributed by name.

Most reporters, desperate to pick the brains of the president’s top strategists, grudgingly agree. After the interviews, they review their notes, check their tape recorders and send in the juiciest sound bites for review.

The verdict from the campaign — an operation that prides itself on staying consistently on script — is often no, Barack Obama does not approve this message.

The push and pull over what is on the record is one of journalism’s perennial battles. But those negotiations typically took place case by case, free from the red pens of press minders. Now, with a millisecond Twitter news cycle and an unforgiving, gaffe-obsessed media culture, politicians and their advisers are routinely demanding that reporters allow them final editing power over any published quotations.

Quote approval is standard practice for the Obama campaign, used by many top strategists and almost all midlevel aides in Chicago and at the White House — almost anyone other than spokesmen who are paid to be quoted. (And sometimes it applies even to them.) It is also commonplace throughout Washington and on the campaign trail.

The Romney campaign insists that journalists interviewing any of Mitt Romney’s five sons agree to use only quotations that are approved by the press office. And Romney advisers almost always require that reporters ask them for the green light on anything from a conversation that they would like to include in an article.

From Capitol Hill to the Treasury Department, interviews granted only with quote approval have become the default position. Those officials who dare to speak out of school, but fearful of making the slightest off-message remark, shroud even the most innocuous and anodyne quotations in anonymity by insisting they be referred to as a “top Democrat” or a “Republican strategist.”

It is a double-edged sword for journalists, who are getting the on-the-record quotes they have long asked for, but losing much of the spontaneity and authenticity in their interviews.

Jim Messina, the Obama campaign manager, can be foul-mouthed. But readers would not know it because he deletes the curse words before approving his quotes. Brevity is not a strong suit of David Plouffe, a senior White House adviser. So he tightens up his sentences before giving them the O.K.

Stuart Stevens, the senior Romney strategist, is fond of disparaging political opponents by quoting authors like Walt Whitman and referring to historical figures like H. R. Haldeman, Richard Nixon’s chief of staff. But such clever lines later rarely make it past Mr. Stevens.

Many journalists spoke about the editing only if granted anonymity, an irony that did not escape them. No one said the editing altered the meaning of a quote. The changes were almost always small and seemingly unnecessary, they said.

Those who did speak on the record said the restrictions seem only to be growing. “It’s not something I’m particularly proud of because there’s a part of me that says, ‘Don’t do it, don’t agree to their terms,’ ” said Major Garrett, a correspondent for The National Journal. “There are times when this feels like I’m dealing with some of my editors. It’s like, ‘You just changed this because you could!’ ”

It was difficult to find a news outlet that had not agreed to quote approval, albeit reluctantly. Organizations like Bloomberg, The Washington Post, Vanity Fair, Reuters and The New York Times have all consented to interviews under such terms.

“We don’t like the practice,” said Dean Baquet, managing editor for news at The New York Times. “We encourage our reporters to push back. Unfortunately this practice is becoming increasingly common, and maybe we have to push back harder.”

The Obama campaign declined to make Mr. Plouffe or Mr. Messina available to explain their media practices. “We are not putting anyone on the record for this story,” said Katie Hogan, an Obama spokeswoman, without a hint of irony. She pointed to the many unrestricted interviews with campaign officials every day on television and when the press corps travels with the president.

Jay Carney, the White House press secretary, said the White House has made a concerted effort to make more officials available to the news media. “We have a lot more people talking a lot more often now,” he said.

Both presidential campaigns are keenly aware of what can happen when they speak too freely. Damaging sound bites can live on in the news cycle for days. Mr. Obama’s remark last month during a televised news conference that “the private sector is doing fine” landed almost immediately in attack ads. And Eric Fehrnstrom’s “Etch A Sketch” comment on CNN, about softening some of the harder positions Mr. Romney took during the primaries, continues to haunt the Romney campaign five months later.

Reporters who have covered the Obama presidency say the quote-approval process fits a pattern by this White House of finding new ways to limit its exposure in the news media.

“We realize there’s a caution and a wariness about stray comments driving the news cycle,” said Caren Bohan of Reuters, president of the White House Correspondents’ Association. “The argument we make is that if a president or a candidate is out there more, I think these things are less likely to be as glaring.”

Modern White Houses have long had “background briefings,” gatherings of top officials who speak to reporters under the condition that they are quoted anonymously. With time, the restrictions have become broader, often bordering on the absurd.

In 2007, Vice President Dick Cheney outed himself in a briefing the White House intended to be anonymous during an overseas trip. “I’ve seen some press reporting says, ‘Cheney went in to beat up on them,’ ” the vice president told reporters, according to the official transcript, adding, “That’s not the way I work.”

Though reporters with him protested, the vice president’s office refused to allow them to identify Mr. Cheney by name — even though it was clear who was speaking.

Under President Obama, the insistence on blanket anonymity has grown to new levels.

The White House’s latest innovation is a variation of the background briefing called the “deep-background briefing,” which it holds for groups of reporters, sometimes several dozen at a time. Reporters may paraphrase what senior administration officials say, but they are forbidden to put anything in quotation marks or identify the speakers.

The White House held such a briefing after the Supreme Court’s health care ruling last month with officials including Mr. Plouffe, Mr. Carney and Dan Pfeiffer, the communications director. But when reporters asked to quote part of the conversation, even anonymously, they were told no. Even the spokesmen were off limits.

 

 

 

 

Romney Ignores Palin at His Peril

by Chuck Norton

I know what the Romney camp is thinking: They have conservatives locked up so they don’t need Palin; since she is polarizing some independents won’t like her. That thinking while having some merit is still very wrong headed.

Independents have voted for TEA Party candidates in droves in 2009 and 2010. Sarah Palin was the driving force behind it. People tell pollsters what they want to hear very often. People who intend to vote GOP and don’t want their friends to know have a history of lying to pollsters. On the other hand I know LOTS of conservatives who intend to stay home this November. The travesty from Chief Justice Roberts helped to motivate them, but make no mistake, there is still a real problem that true conservatives have with Mitt Romney.

If Palin is a master of one thing it is political payback. When Gov. Christie said something stupid about her she let him have it so hard that he never did it again. If Sarah Palin is not invited to the convention with a prominent roll there will be a price to pay and she WILL exact it. She may even stage her own event nearby to suck the wind out of a key Romney event. Palin is far more charismatic than Romney, she knows it and so does the media. She may even rip up the Republican establishment “Good Ole Boy” network at her event. Palin has a long and very effective history of doing just that.

Canadian Free Press:

In the roughly three years since she quit as the state’s chief regulator of the oil industry, Palin has crushed the Republican hierarchy (virtually all male) and nearly every other foe or critic. Political analysts in Alaska refer to the “body count” of Palin’s rivals.

“The landscape is littered with the bodies of those who crossed Sarah,” says pollster Dave Dittman, who worked for her gubernatorial campaign. It includes Ruedrich, Renkes, Murkowski, gubernatorial contenders John Binkley and Andrew Halcro, the three big oil companies in Alaska, and a section of the Daily News called “Voice of the Times,” which was highly critical of Palin and is now defunct.

The bottom line is that Sarah Palin is still the most powerful figure in the Republican Party and too many in the beltway still haven’t managed to accept that. Palin is also a fund raising machine who can help Romney raise funds for the election. In either case, if you guys at the Romney camp think you can out-smart her, you can’t. Just the attempt will raise her ire and you will only end up paying a heavier price.

Megyn Kelly: Does Truth Matter in Politics Anymore? (video & commentary)

This is what bothers me about these two candidates. While Obama’s attacks are far less honest today, Mitt Romney is not innocent either and in the primary Romney’s attacks on the other GOP candidates were often sickeningly dishonest.

Interesting how the Democrat brings up the Swiftboat Vets Ads from when John Kerry ran for President as an example of a distraction. But he leaves out a fundamental truth – John Kerry made the three months he spent in Vietnam in the Navy a cornerstone of his campaign. At the convention Kerry had it military themed and he was saluting and the whole nine yards. The problem is that John Kerry misrepresented his service in his campaign and the people he served with and other veterans took issue with it. John Kerry, in a most unpatriotic way in the view of many war heroes, took the side of Jane Fonda when he came back and the North Vietnamese used John Kerry’s actions for great propaganda value.

With that said, the economy at the end of President Bush’s first term was doing rather well and national security and military policy was front and center which is another reason why the Swiftboat ads were no mere attempt at distraction. The economy today is a disaster and the Obama campaign wants to talk about anything but. And why the Obama Administration is declaring executive privilege to delay the release of documents relation to huge scandals such as “Fast & Furious” and is still hiding all sorts of documents form his past, all they want to talk about is how Mitt Romney had not released his tax returns from ten years ago? THAT is a distraction.

The simple truth is that most people are outraged at what Obama and the Democrats have done with our money and are not overly concerned with what Mitt Romney did with his own money ten years ago.

Obama’s Top Money Man Was In Charge of Bain Capital During GST Steel Layoffs

Also see – Obama invested heavily with outsourcers, after accusing Romney of doing the same… – LINK

President Obama accused Mitt Romney of being responsible for shutting down this American Steel plant, saddling it with debt, and screwing the employees out of their pensions, but Mitt Romney left Bain Capital two years before this happened to run the Olympics. So who was in charge of Bain Capital when this happened? You guess it, Obama’s top campaign money bundler John Levine. Does it get any better than this?

Our friends Chuck Slowe and  Jim Hoft have a great report on this. Be sure add their websites to your daily reading:

The Obama campaign blamed Governor Mitt Romney for the demise of GST Steel company in a video they released in May. The plant closed in 2001. Mitt left Bain in 1999.

[Political Arena Editor’s Note – I ripped this video to my hard drive just in case it vanishes from Obama’sYoutube Channel]

For some reason the Obama camp forgot to mention this
Obama’s top bundler Jonathan Lavine was in charge of Bain during the BST layoffs.

Chuck Slowe reported:

Blaming Governor Romney for any issues surrounding the failure of GST is wrong and it is a blatant lie. Mitt Romney had been long gone when the company started to fail and subsequently closed it doors. When are the President and his campaign hacks going to get the story correct? When are they going to get back to their economy and its dreadful condition? Mr. President, you can run but you cannot hide.

It turns out that Jonathan Lavine, current Obama bundler, was actually in charge, at Bain, during that period, when the layoffs occurred. Oops, that isn’t right, is it? Yes, that story is the one that needs to be reported on. Sorry Mr. President, your lies are just getting to be more than many of us are able to handle.

And, Jonathan Lavine is not your average Obama Bain donor. Lavine is one of Barack Obama’s top bundlers.
ABC reported:

While Democrats assail presumptive Republican presidential nominee Mitt Romney’s Bain Capital business practices, Republicans note that President Obama has not been bashful about accepting cash from Bain executives or other high-profile figures in the corporate buyout business…

…One of Obama’s top campaign financiers – Jonathan Lavine – is also managing director at Bain, bundling between $100,000 and $200,000 in contributions for the 2012 Obama Victory Fund, according to estimates released by the Obama campaign. The president has also relied on other leading figures in the private equity sector as hosts for high-dollar fundraisers and as members of his Jobs Council.

Maybe someday the liberal media will report on this.

Pelosi trashes Romney for offshore investments; has offshore investments of her own!

Nancy Pelosi
House Democrat Leader Nancy Pelosi

Of course there is nothing wrong with investing in businesses and other ventures in other countries. The whole idea is to demonize Mitt Romney because he is wealthy. The Kennedy’s, Feinstien’s and Kerry’s are loaded too, but they are Democrats so we don’t talk about that…..

Godfather Politics and the Daily Caller:

House Minority Leader Nancy Pelosi who has also been actively criticizing Romney’s business dealings has herself made millions from foreign investments.  For instance, her 2011 financial disclosures listed an income up to $5 million from an international capital group that specializes in Asian investments.

Even more hypocritical of Pelosi is the fact that she invested in Moduslink Global which just so happens to be one of the outsourcing companies linked to Bain Capital and Mitt Romney.  Oh, Nancy, can we say pot calling the kettle black?

The DC:

On the heels of The Weekly Standard’s report yesterday that DNC chair Debbie Wasserman Schultz — a vocal critic of Mitt Romney‘s investing practices, had herself dabbled in the foreign markets — we can add Nancy Pelosi to the list of prominent Democrats to profit from overseas investments.

According to Pelosi’s 2011 financial disclosure statement, the Democratic House Minority Leader received between $1 million and $5 million in partnership income from ”Matthews International Capital Management LLC,” a group that emphasizes that it has a “A Singular Focus on Investing in Asia.” A quick trip to the company website reveals a featured post extolling the virtues of outsourcing.

“Designed in California, Made in Manila” sounds like an excellent title for a smear ad to be run the by the Barack Obama campaign. Instead, it appears to be Nancy Pelosi’s investment strategy.

Pelosi is also a small investor in the embattled “Moduslink Global,” one of the “outsourcing pioneers” that Mitt Romney has been criticized for associating with while at Bain Capital.

Gov. Sununu: Obama is dumb enough to inject the word “felony” in the discourse when he is from Chicago and surrounded by felons (video)

Tony Rezco, Bill Ayers, Bernadine Dorhn, and Obama was a campaign chairman for Rod Blagoyevich and this is just the surface. Eric Holder with the his illegal gun running to Mexican drug cartels….

…and Mitt Romney is the felon? Gimme a break.

Obama’s list of felonious associations can be found HERE.

George Romney – A Republic No More (video)

Wow, what a guy. I would like to see Mitt live up to that. Do you see how the language of conservatism comes to him so easily? It does so because that is who George Romney was. What a difference.

George Romney explains how America has transmogrified from a republic to special interest democracy. He also explains how social problems are the first major crisis that caused the federal government to expand.

Democrat Party Chair Debbie Schultz Trashed Romney for Having a Swiss Bank Account – She Has One Too!

Of course there is nothing wrong or illegal about having a Swiss bank account or overseas investments. With the state of American banks and this government I would keep cash in solid foreign banks as well. The hypocrisy in this story is just overwhelming and the Democrats are pulling every desperate card to play on the ignorance of people who aren’t familiar with such financial tools.

Debbie Wasserman Schultz
Democrat Party Boss Debbie Wasserman Schultz

The Weekly Standard:

Disclosure forms reveal that Democratic National Committee chair Debbie Wasserman Schultz, a member of Congress from Florida, previously held funds with investments in Swiss banks, foreign drug companies, and the state bank of India. This revelation comes mere days after the Democratic chair attacked presumptive Republican presidential candidate Mitt Romney for holding money in Swiss bank accounts in the past.

“Americans need to ask themselves, why does an American businessman need a Swiss bank account and secretive investments like that?” the DNC chair, a chief surrogate for President Obama’s reelection team, said on Fox News Sunday two days ago. “Just something, a thought, that I’d like to leave folks with.”

It’s been a consistent theme of Obama’s reelection strategy: Attack Romney for foreign investments he held, especially in Swiss bank accounts, “to try to promote his wealthy, out-of-touch businessman persona.”

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.