Wickersham's Conscience

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Archive for July 7th, 2012

Now That’s a Screed: Michael Cohen on Mendacious Mitt

The Mitt’s congenital, pathological lying has attracted notice on the other side of the Pond. Michael Cohen, with the London Guardian, calls it out in detail. A sample:

Then, there is the recent Romney nugget that the Obama administration passed Obamacare with the full knowledge that it “would slow down the economic recovery in this country” and that the White House “knew that before they passed it”. It’s an argument so clearly spun from whole cloth that according to Jonathan Chait, the acerbic political columnist for New York Magazine, Romney is “Just Making Stuff Up Now”.

Cohen even points out The Mitt lies about lying:

What is the proper response when, even after it’s pointed out that the candidate is not telling the truth, he keeps doing it? Romney actually has a telling rejoinder for this. When a reporter challenged his oft-stated assertion that President Obama had made the economy worse (factually, not correct), he denied ever saying it in the first place. It’s a lie on top of a lie.

We are in danger of electing a Liar-in-Chief, who cannot recognize or does not care about the truth. If that doesn’t frighten you, it should.

WC wants to raise one other issue. The Mitt has $100 million in his IRA. An IRA – an Individual Retirement Account – is restricted by law to maximum contributions of $2,000 per year. A traditional IRA allows you to defer – avoid – taxes on contributions and on income generated by the IRA. At least until you spend the money. It’s a modest tax shelter for Regular Folks who can afford to set aside that $2,000 each year. Perhaps The Mitt can explain how, contributing just $2,000 per year, he managed to grow his IRA to $100 million? Other than making contributions for about 50,000 years? Really, really good tax planners? A roll-over from some other tax exempt plan (which raises the same questions all over again)? Or did he cheat?

If WC finds out, he’ll pass the investment secrets along to his readers.

Written by Wickersham's Conscience

July 7, 2012 at 6:15 am

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