MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
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Hits of the Day
November Surprise
By wabby on Fri, 11/02/2012 - 6:29pm |At a press conference in Toledo, Bob King, President of the United Automobile Workers, will announce that his union and Citizens for Responsibility and Ethics in Washington (CREW) have filed a formal complaint with the US Office of Government Ethics in Washington stating that Gov. Romney improperly hid a profit of $15.3 million to $115.0 million in Ann Romney's so-called "blind" trust.
The union chief says, "The American people have a right to know about Gov. Romney’s potential conflicts of interest, such as the profits his family made from the auto rescue,” “It’s time for Gov. Romney to disclose or divest.”
“While Romney was opposing the rescue of one of the nation’s most important manufacturing sectors, he was building his fortunes with his Delphi investor group, making his fortunes off the misfortunes of others,” King added.
The Romneys' gigantic windfall was hidden inside an offshore corporation inside a Limited Partnership inside a trust which both concealed the gain and reduces taxes on it.
URL:
http://readersupportednews.org/opinion2/277-75/14318-focus-uaw-files-charges-against-romney-for-auto-bail-out-profiteering
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Comments
About a hundred years ago, back at TPMCafe, I did a series of blogs about the selling, gutting, and reselling of the Delphi which is mentioned in this article. Although my focus was on union concessions, it did hint at the profit to be made by shuffling and restructuring the business.
Mitt and Ann read me!
Unfortunately those blogs are no longer accessible in the archives at TPM.
by wabby on Fri, 11/02/2012 - 6:40pm
Flower, did this press conference happen? Is it about to? I don't quite understand.
How exactly is this a potential conflict of interest when the money is already made?
I know it's appalling, but...is this an ethics charge that has teeth?
by erica20 on Fri, 11/02/2012 - 8:01pm
Yes, erica, according to this article the press conference was yesterday, Nov. 1st.
Here are details of a joint news conference to be held Thursday in Toledo, Ohio:
WHO: UAW President Bob King
SEIU Executive Vice President Tom Woodruff
Investigative reporter Greg Palast,
author of “Mitt Romney's Bailout Bonanza,” The Nation and “Billionaires & Ballot Bandits: How to Steal an Election in 9 Easy Steps”
Delphi workers
WHAT: News conference on Mitt Romney’s conflicts of interest with his investments, including his profiting from the auto bailout
WHERE: UAW Local 12
2300 Ashland Ave Toledo, Ohio
WHEN: Thursday, Nov. 1, 2pm
And according to the UAW site, a letter was first sent to the ethics committee on August 23rd.
A follow-up letter was sent yesterday.
Apparently, these good government groups are saying it's a matter of disclosure.
I think that's where the conflict of interest comes into play.
As for teeth, yes, I think it has some. The problem is getting the MSM to chew.
by wabby on Fri, 11/02/2012 - 10:15pm
flower, I've heard nothing else about this - have you sent it to Josh at TPM; Politico; Sullivan and/or Mother Jones, et al.?
It is too creepy that this is nowhere else, at least that I've seen.
Excellent info, but has it fallen in the dark abyss, ne'er to be given the light of day?
by Aunt Sam on Fri, 11/02/2012 - 8:18pm
Nope, I haven't sent it anywhere but here. The story is out there, waiting to be found and read -- I didn't do any extraordinary snooping --just came across it in my usual perusals, so I reckon TPM, et al will do the same. HuffPo has something.
The first inkling was in The Nation, although I haven't given it a thorough read.
by wabby on Fri, 11/02/2012 - 10:26pm
The did a segment about it on the Ed Show on MSNBC last night.
by Elusive Trope on Sat, 11/03/2012 - 2:45pm
AT - And do you think it was representative of the facts? Did they do a good job in reporting this, in your opinion?
by Aunt Sam on Sat, 11/03/2012 - 3:10pm
Ed is a huge labor supporter, and he interviewed one of the top guys representing the union. So the whole segment was basically the union stating their side of the issue, and why they are bringing the suit. The union rep also blasted Romney for his Jeep ads, for the reason that it was hurting the Jeep brand, possibly chasing potential customers away, and thus hurting American jobs.
by Elusive Trope on Sat, 11/03/2012 - 3:32pm
Romney needs to be blasted for those Jeep ads. What red blooded American consumer is gonna want to buy a Jeep made in China? There goes sales. There goes factory jobs.
I took this personally because Mr. flower's job is directly affected by the whims of the buying public, Chrysler specifically. No one buys a Jeep. The Jeep doesn't need maintenance. Mr. flower gets laid off. Again.
I hope the union guy reamed Romney a good one.
I don't get cable. grrrr.
by wabby on Sat, 11/03/2012 - 4:14pm
from what i've heard, the local media (print and tv) is blasting Romney for the Jeep ad - and as one pundit put it, on tv the media says its a lie and then a commercial break there it is, reminding people that Romney is put out a falsehood. So the commercial is probably sealing the deal in Ohio for Obama. But Obama was probably going to win anyway, which is why Romney's team is going for the desperation lie.
by Elusive Trope on Sat, 11/03/2012 - 4:47pm
I was thinking of Issa, and of course I have written about his felonies many many times!
hahahaha
The Senate shall be held by dems.
And that is the only chance that hearings will be held on this subject.
WELL DONE!
by Richard Day on Fri, 11/02/2012 - 8:45pm
Mr. Day, do you recall a while back how insistent Harry Reid was about Mitt Romney disclosing his financials? Do you think Reid might have known about this then? Because I don't believe Reid would have been so insistent if he didn't have good reason. And this is as good a reason as any.
Also, wouldn't it have been an advantage to hold onto that information until the last minute? To nudge those undecideds and whatnot?
by wabby on Fri, 11/02/2012 - 10:35pm
This tack by Reid got to me.
I thought: well this is a family thing. I mean they are both Mormans....
But now that you bring it up; I always thought Reid is an honest man.
You might have something here.
Harry would not act like this if he did not have the 'goods' and if he were not really really angry.
by Richard Day on Sat, 11/03/2012 - 1:32am
What do you people have against wealthy folk living off the fat of the land?
Have you no appreciation for privacy anymore?
by PeraclesPlease on Sat, 11/03/2012 - 9:38am