Obama's Cayman Island Investments
Posted in the Caruthersville Forum
Saint Louis, MO
#1 Oct 19, 2012
Say it aint so Bo you two faced fool.
Trouble in paradise: Obama has offshore investments in Cayman Islands
posted at 1:20 pm on October 18, 2012 by Howard Portnoy
It appears that Mitt Romney is not the only candidate for president with investments in the Cayman Islands. Another candidate has investments offshore in that island paradise as well. His initials are B.O., as in body odor.
Politifact, one of the lefts favorite sources of campaign dirt, confirms that investments made by managers of the Illinois pension fund in which Obama has an account does indeed have holdings in the Cayman Islands.
The site notes that one of the tense moments in the second presidential debate centered on Romneys claim that the president invests in foreign firms.Mr. President, Romney asked,have you looked at your pension? Have you looked at your pension? Obamas responseYou know, I dont look at my pension. Its not as big as yours so it doesnt take as longearned appreciative cackles from the audience and generated a round of high fives and applause among impartial liberal journalists back in the spin room.
Romney followed up with the advice to Obama that you have investments outside the United States including investments through a Caymans trustwhich, in fact, is true.
What makes the revelation damning for the Obama camp is their repeated insinuations that Romneys foreign investments are selfish and un-American. Politifact reminds the reader of a July 2012 ad by the Obama campaign lambasting Romney for his millions in the Cayman Islands, among other tax havens.
If there is solace to be taken in Obamas bitter acceptance of the truth that he is as selfish and un-American as Romney, it is the fact that nothing illegal or improper about offshore investments made through a blind trust.
This revelation is not the first of Obamas hypocrisy in calling the kettle black. As noted in this space in May:
[T]he bulk of the Obamas admittedly brief portfolio is invested in Chicago-based Northern Trust Corporation, a firm that has conducted itself in a manner that some might call vampire-like. In 2003, the company, which was a trustee of Enrons 401(k) retirement plan, was accused of having knowingly failed to prevent employees pensions from evaporating. A federal judge cleared the way for a lawsuit against Enron and Northern Trust for misleading company employees by encouraging and in some cases requiring them to hold Enron stock in their retirement accounts, at a time when the stock price plummeted from an artificially inflated level. In the case, which commanded national attention, several former Enron executives were charged with manipulating the companys financial results, ultimately driving it into bankruptcy.[Obama's tax return for 2011 is here.]
Another discomfiting fact that the Obama campaign would rather not publicize is his having accepted $16 million in Wall Street campaign contributions, an amount that is five times greater than the $2.7 million received from the same source by George W. Bush.
“Radical Islam! Radical Islam! ”
Since: Mar 08
#2 Oct 19, 2012
Obama is guilty on all counts.
#3 Oct 21, 2012
Hmmmmm Wonder when Obama is gonna explain this one to us. I guess another example of do as I say no as I do. Another thing. Obama talks trash about the tax rate Romney paid this past year, but Obama paid the same tax rate on the $5.5 million dollars he made this past year. Yeah $5.5 million on Obama's investments and yes some from his ivestments in the same Cayman Island accounts he condemns Romney for. Hypocrite anyone.
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