Sunday, August 1, 2010

Wash-Post Article: double standard in the McMahon-Blumenthal CT Senate Race

Comment on: Democrats gain in poll but GOP still leads as midterm elections near at 10/5/2010 11:32 AM EDT

Can't help but notice the double standard in the McMahon-Blumenthal CT Senate race; it’s the same Dems that vilified President Bush for serving in the Air National Guard during Vietnam that are giving Blumenthal a bye for hiding out in the Marine Corps Reserve during that time? Go Figure!

The main difference between Bush and Blumenthal when it comes to “what did you do in the War, Daddy?” was, Bush didn’t feel the need to lie about actually going to War!

For the record, not a single Marine Reserve unit was activated for that conflict so Blumenthal’s one weekend drill a month was a pretty cushy way to sit out the War.

By comparison, "W" looks like a war hero! For the record, Bush flying antique Air National Guard Convair F-102s was probably in more danger than I was during an extended CIB-earning tour in Vietnam! Also, during his time in the Guard, President Bush spent almost 2 years on active duty.

Granted, both Bush and Blumenthal’s “war records” look pretty good when compared to good old Joe "5-Deferment" Biden. Joe (and Dick Cheney I might add) did everything short of maiming himself to dodge the Draft during Vietnam (which neither he nor Cheney had the guts to do – I guess it's a prerequisite for VP). Of course, Joe did demonstrate a certain Military Expertise by the way he skillfully avoided any brush with armed conflict during his youth which I guess makes him qualified to give his “best Military advice” now to the President on Afghanistan and Iraq.

Wash-Post Article: Wyly brothers built an empire side-by-side

Comment on: Washington Post Article: Wyly brothers built an empire side-by-side at 7/31/2010 1:04 PM EDT

I am absolutely delighted they got these brotherly tax cheats, regardless of their political affiliation! My question is when will the DOJ go after the notorious tax cheat, Penny Pritzker?

During the Campaign, Ms. Pritzker was President Obama's Finance Chairman and now she is a prominent member of his Council of Economic Advisors. Here is what the NY Times even had to say about her when her name was floated as a possible Secretary of Commerce: "it had never made sense for Ms. Pritzker to become a nominee. 'The confirmation hearing could have been quite ugly' .... In 1988, the Pritzker family and another wealthy investor took over a failing savings and loan and turned it into Superior Bank. Ms. Pritzker was its chairwoman from 1991 to 1994, after which she sat on the board of the bank’s holding company.... concentrating on packaging subprime mortgages into securities.... regulators later discovered accounting irregularities that overstated the value of its assets. The bank was forced to write down huge losses, leaving it without adequate capital... A 2002 report by the inspector general of the Federal Deposit Insurance Corporation concluded that 'the failure of Superior Bank was directly attributable to bank management and the board of directors' ...Pritzkers agreed in 2001 to pay the F.D.I.C. $460 million .... The family also increased its wealth by exploiting loopholes in the tax code, including setting up a series of offshore trusts that sheltered their assets from taxes. The I.R.S. fought several battles with the Pritzkers over the arrangements. But the agency was hindered by foreign bank secrecy laws that concealed what the Pritzkers owned. In 2002, a few cracks appeared in the wall of secrecy when two young Pritzker heirs filed a lawsuit claiming their older relatives had looted their trusts. The litigation revealed that the family was worth at least $15 billion, that it was held in some 950 trusts...."

Ms. Pritzker is another Rich Democrat that isn't worried about Obama raising her taxes because she doesn't pay any by hiding here money overseas in a numbered bank account! When you're a Dem political operative and even the NY Times calls you sleazy, you must be "World-Class" sleazy!

Let’s see if the administration is an equal opportunity pursuer of tax cheats and goes after one of their own worst offenders! Is this more "change we can believe in?" or just another shady character Our President pals around with?