Kerry Will Play Romney in Mock Debates
I can't think of a better man for the role!
Among these advanced teachings is the story of Xenu (sometimes Xemu), introduced as the tyrant ruler of the "Galactic Confederacy." According to this story, 75 million years ago Xenu brought billions of people to Earth in spacecraft resembling Douglas DC-8 airliners, stacked them around volcanoes and detonated hydrogen bombs in the volcanoes. The thetans then clustered together, stuck to the bodies of the living, and continue to do this today.Sure, the whole Xenu story sounds crazy. But is it any crazier than an angel named Moroni telling Joe Smith where to dig up the Golden Plates for the Book of Mormon and then make him give them back? Crazier than Jehovah's Witnesses who would let their children die rather than take a blood transfusion? Crazier than Christian Scientists who would let their children die rather than accept any medical treatment? Crazier than Catholics who think that any priest can miraculously transubstantiate bread and wine into Christ's actual flesh and blood, which parishioners then consume in ritual cannibalism and vampirism? Crazier than Jews who slice off bits of infant penises?
Sankaty was transferred to a trust owned by Romney’s wife, Ann, one day before he was sworn in as Massachusetts governor in 2003, according to Bermuda records obtained by The Associated Press. The Romneys’ ownership of the offshore firm did not appear on any state or federal financial reports during Romney’s two presidential campaigns. Only the Romneys’ 2010 tax records, released under political pressure earlier this year, confirmed their continuing control of the company.What is Sankaty? It's not really clear, and Romney refuses to say. But in the past it has been used as a slush fund for Bain Capital's financial machinations:
Named for a historic Massachusetts coastal lighthouse, Sankaty was part of a cluster of similarly named hedge funds run by Bain Capital, the private equity firm Romney founded and led until 1999. The offshore company was used in Bain’s $1 billion takeover of Domino’s Pizza and other multimillion-dollar investment deals more than a decade ago.Today Romney's financial advisers have valued Sankaty at less than $1,000. But this is misleading:
While Sankaty no longer plays an active role in Bain’s current deals, private equity experts said such holdings could provide significant income to Romney under his 10-year separation agreement from Bain, which expired in 2009. Investment funds typically churn “carried interest,” profit shares due to the managers of the funds that often range as much as 20 percent of a fund’s annual profit — known as “the carry.” Even after investment funds are exhausted, profit shares and other late earnings from those stakes can continue to stream, arriving as lucrative “tails,” tax experts say. In some circumstances, the analysts added, offshore companies like Sankaty could also offer limited tax deferral advantages.Which means Romney could still reap a ton of money from Sankaty. Last month he got a $1.9 million "true-up" payment from another asset in his separation deal with Bain. Thus, millions of dollars could erupt from Sankaty at any time.
Mitt Romney’s presidential campaign on Monday rejected a Republican attack on the Affordable Care Act, repudiating a contention made in last week’s Supreme Court decision that the law’s requirement that individuals carry medical coverage amounts to a tax.
The Romney team’s refusal to invoke the word “tax” with regard to the individual mandate puts the candidate at odds with others in his party at a moment when Republicans are attempting to capitalize on the Supreme Court’s decision, which deemed President Obama’s health-care law constitutional. Some Republican-led states are now trying to thwart the legislation’s effort to cover the poor.The whole thing is pointless bickering over meaningless semantics: penalty, tax, what's the difference? It'll be reported on your taxes if you fail to buy health insurance, so why not let the Republicans have their hissy fit and call it a tax?