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The Washington Post

By Jonathan Bernstein

Posted at 11:56 PM ET, 08/29/2012

It was, by any reasonable standards, a staggering, staggering lie. Here’s Paul Ryan about Barack Obama:

He created a bipartisan debt commission. They came back with an urgent report.  He thanked them, sent them on their way, and then did exactly nothing.

“They.” “Them.” “Them.” Those words are lies. Because Paul Ryan was on that commission. “Came back with an urgent report.” That is a lie. The commission never made any recommendations for Barack Obama to support or oppose. Why not? Because the commission voted down its own recommendations. Why? Because Paul Ryan, a member of the commission, voted it down and successfully convinced the other House Republicans on the commission to vote it down.

That wasn’t the only bit of mendacity – lazy mendacity, incredibly lazy mendacity – in Ryan’s speech. Twitter lit up as soon as he started telling the story of the Janesville auto plant that Barack Obama didn’t save – a plant that, it turns out, closed before Obama was president. And of course there’s the infamous cuts to Medicare that Ryan lambasted Obama for without happening to mention that those very same cuts were in Paul Ryan’s own budget. Yes: absolutely everything in Obamacare is an abomination, says Paul Ryan, except for (as he forgets to mention) the cuts to Medicare that he supports – and yet he still singles that part out to use as an attack.

It isn’t even true in some symbolic or abstract way. The real truth is that Paul Ryan completely rejects the approach of that commission – because it includes tax increases along with spending cuts – while Barack Obama has, while not endorsing the exact plan that Ryan shot down, basically endorsed the commission’s approach. Nor was this a side point; Ryan’s complaint about Obama on the deficit was absolutely central to his case against the president.

And then there’s the logic of the whole thing. As Seth Masket said, it all comes down to arguing “we must cut entitlements! Obama cutting entitlements is un-American.”  There’s also, as many were pointing out, the plain fact that until January 2009 Paul Ryan faithfully supported all the tax cuts and spending increases which created the deficit problem he’s been so concerned about since January 2009.

But really, the proper response to a speech like this isn’t to carefully analyze the logic, or to find instances of hypocracy; it’s to call the speaker out for telling flat-out lies to the American people. Paul Ryan has had what I’ve long thought was an undeserved good reputation among many in the press and in Washington. It shouldn’t survive tonight’s speech.

Follow Jonathan Bernstein on Twitter and at his blog.

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Crooks & Liars

By karoli

August 11, 2012 06:00 AM

As I write, the only thing lacking is official confirmation by the Romney campaign that Mittens will adopt young Paul Ryan as his running mate. It would appear as though Mittens’ disaster-laden campaign of the past few weeks has prompted his billionaires to lay down the law and require Ryan as the Very Serious Running Mate.

Ah, yes. Paul Ryan, “zombie-eyed granny starver” extraordinaire. The guy who loved Ayn Rand until he didn’t.

Here’s a nice video of Paul Ryan. I’ll bet it would make a great commercial, this lovefest with Glenn Beck.

AUDIO

.
Paul Ryan is a disaster, but that doesn’t mean the Villagers won’t treat him as a Very Serious VP Candidate Who Will Give Mittens A Much-Needed Bump. They will treat him that way. Meanwhile, the Very Serious conservatives will rejoice and forget Mitt is their candidate, substituting Paul Ryan in their minds for the first name on the ballot, and the Kochs will open their wallets wider for Their Black-Haired Boy. See, for example, the fawning by Chuck Todd and David Gregory over Ryan As Visionary.

I suppose that’s enough bashing for one post. (Can Ryan ever be bashed enough?) Let’s review some of the facts on Paul Ryan and whether he’s a good fit with Mitt:

Also? President Obama turns him into a whining, sniveling wimp.

I have a theory about why Ryan is the Boy Wonder, and no, it’s not the one that says Mitt is really Herman Munster and Ryan is his sixth son, Eddie. I think Mitt’s billionaires were tired of his very terrible, awful campaign and decided they’d better get the base fired up before they gave up entirely. And so word was passed to Mitt: It’s Ryan or we’re done with you.

After that, all that was left was tapping Tagg to fire TPaw and Rob Portman. Mitt seems to be quite good at delegating tasks, even firing people.

Over on the left, there is much rejoicing about Mitt’s the billionaires’ choice for the veep slot, and for good reason. After all, for eighteen months we’ve been trying to get the general electorate to see the do-nothing Congress in all its glory, from the debt ceiling debacle to the Ryan budget monstrosity to the zillionth meaningless vote to climb into women’s reproductive systems. Now it will be on display for all to see, naked, fat and ugly.

A few other random thoughts. Does anyone giggle at the thought that Bill Kristol picked Sarah Palin and Paul Ryan?  How will Newt Gingrich cover his tracks? Has anyone asked Paul Ryan about Ponzi schemes, particularly those he benefits from?

Who does Eddie Munster’s hair? Quick, hire them for Pretty Paul’s campaign appearances.

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A woman in Ohio fills out a provisional ballot during the 2008 election. President Obama and Mitt Romney are trading charges over a lawsuit Democrats filed after the state’s early voting law was changed. (Chris Hondros, Getty Images / November 4, 2008)

Charges that the president aims to undermine service members’ rights are called ‘shameful.’

By Seema Mehta, Los Angeles Times
August 6, 2012, 6:02 a.m.

CHICAGO — A top advisor to President Obama‘s campaign lashed out at Mitt Romney on Sunday, arguing that the presumptive GOP nominee is misrepresenting a lawsuit Democrats filed in Ohio to equalize voting rights for all Ohioans.

The suit, which Romney has seized upon to argue that Obama is trying to undermine service members’ voting rights, calls for all Ohioans to be able to cast early votes up until the Monday before election day.

“What that lawsuit calls for is not to deprive the military of the right to vote in the final weekend of the campaign. Of course they should have that right. What that suit is about is whether the rest of Ohio should have the same right, and I think it’s shameful that Gov. Romney would hide behind our servicemen and women,” Obama campaign strategist David Axelrod said on “Fox News Sunday.”

Until 2011, all Ohioans could cast early ballots as late as the Monday before election day. Last year, the Legislature instituted a Friday cutoff for all voters except members of the military and their families.

In mid-July, the Obama campaign and state and national Democratic groups filed suit, arguing that a two-tier voting system was unconstitutional and calling for all voters to be allowed to cast ballots until the day before election day. The suit does not call for reducing early voting access for service members.

On Saturday, Romney accused Obama of trying to undermine service members’ voting rights, and he argued that Ohio was within its rights to give service members special privileges.

“President Obama’s lawsuit claiming it is unconstitutional for Ohio to allow servicemen and women extended early voting privileges during the state’s early voting period is an outrage,” Romney said in a statement Saturday. ” …. If I’m entrusted to be the commander in chief, I’ll work to protect the voting rights of our military, not undermine them.”

The disagreement between the two camps hinges on the Constitution: Obama argues that all citizens must be afforded equal voting access, while Romney maintains that it is legal for active members of the military and their families to receive extra privileges.

“Making it easier for service men and women and their families to vote early is not only constitutional but commendable,” said Katie Biber, general counsel for the Romney campaign. “It is not a violation of the equal protection clause to give military voters special flexibility in early voting.”

A spokesman for the Obama campaign said Romney was trying to restrict access to the polls and was fabricating the notion that Democrats sought to restrict voting rights.

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Chairman and CEO of Las Vegas Sands Corporation Sheldon Adelson. AFP PHOTO / AARON TAM

Reuters | Posted: 08/04/2012  1:25 pm Updated: 08/04/2012  2:55 pm

CHICAGO, Aug 4 (Reuters) – Las Vegas Sands Corp,  controlled by billionaire Republican donor Sheldon Adelson, is  the target of a federal investigation into possible violations  of U.S. money-laundering laws, the Wall Street Journal reported  on Saturday.

The Los Angeles U.S. attorney’s office is looking into the  casino company’s handling of the receipt of millions of dollars  from a Mexican businessman, later indicted in the United States  for drug trafficking, and a former California businessman, later  convicted of taking illegal kickbacks, the Journal said, citing  lawyers and others involved in the matter.

The transactions date from the mid-2000s.

The Journal said there are no indications that actions by  Adelson, who is the company’s chief executive officer and  largest shareholder, are being investigated.

The Los Angeles U.S. attorney could not be reached for  comment by Reuters on Saturday. A Sands spokesman was not  immediately available to comment to Reuters, but spokesman Ron  Reese told the Journal, “The company believes it has acted  properly and has not committed any wrongdoing.”

Reese said the company was cooperating with federal  investigators.

The timing of the investigation could open the Justice  Department to criticism that it is politically motivated, the  Journal said. Adelson is a major donor to the super PAC  supporting presumed Republican presidential nominee Mitt Romney  against President Barack Obama and plans to spend $100 million  on Republican candidates in November’s elections.

Adelson, who owns casinos in Las Vegas, Macau and Singapore,  began this campaign season as a major donor to Newt Gingrich  before Gingrich dropped out of the Republican presidential race.  He has since switched his support to Romney and last month was  in Jerusalem with the candidate when Romney met Israeli Prime  Minister Benjamin Netanyahu, who Adelson also strongly supports.

The Journal said the Las Vegas money-laundering  investigation focused on two “whales” – as big-money gamblers  are known – and whether Sands officials ignored warning signs  and did not alert federal authorities about millions of dollars  the gamblers had deposited.

The Journal identified one of the “whales” as Zhenli Ye Gon,  a Chinese-born Mexican national who was indicted in 2007 in the  United States on charges of dealing in materials used to make  methamphetamine.

The drug case was dismissed in 2009 but Ye Gon is still in  U.S. custody awaiting extradition to Mexico, where authorities  want to try him on drug trafficking and money laundering  charges, the Journal said, citing court records.

The Journal said Ausaf Umar Siddiqui, a former executive  with the Fry’s Electronics retail chain, also was under  scrutiny. Court filings in another case showed Siddiqui sent  more than $100 million to the Sands. Siddiqui was charged with  taking kickbacks from Fry’s vendors, pleaded guilty and is now  in prison.

U.S. authorities also are investigating the Sands to see if  there were breaches of the Foreign Corrupt Practices Act (FCPA),  which prohibits bribes to foreign officials by U.S. companies,  in its Macau operation.

HERE

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By STEPHEN BRAUN and JACK GILLUM Associated Press

Jul 25, 8:19 AM EDT

WASHINGTON (AP) — Republican presidential candidate Mitt Romney has said he had no active role in Bain Capital, the private equity firm he founded, after he exited in February 1999 to take over Salt Lake City’s Winter Olympics bid. But according to Bain associates and others familiar with Romney’s actions at the time, he stayed in regular contact with his partners over the following months, tending to his partnership interests and negotiating his separation from the company.

Those familiar with Romney’s discussions with his Bain partners said the contacts included several meetings in Boston, the company’s home base, but were limited to matters that did not affect the firm’s investments or other management decisions. Yet Romney continued to oversee his partnership stakes even as he disengaged from the firm, personally signing or approving a series of corporate and legal documents through the spring of 2001, according to financial reports reviewed by The Associated Press.

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Mitt Romney’s firm raised more than a third of its first investment fund from wealthy foreigners — who mostly used companies in Panama, then known for tax advantages and banking secrecy.

Los Angeles Times

By Joseph Tanfani, Melanie Mason and Matea Gold

July 19, 2012, 3:00 a.m.

Washington Bureau

WASHINGTON — When Mitt Romney launched Bain Capital in 1984, he struggled at first to raise enough money for the untested venture. Old-money families like the Rothschilds turned down the young Boston consultant.

So he and his partners tapped an eclectic roster of investors, raising more than
a third of their first $37-million investment fund from wealthy foreigners.

Most of the foreign investors’ money came through corporations registered in Panama, then known for tax advantages and unusual banking secrecy.

Previously unreported details, documented in Massachusetts corporate filings and other public records, show that Bain Capital was enmeshed in the largely opaque world of international high finance from its very inception.

The documents don’t indicate any wrongdoing, and experts say that such financial vehicles are common for wealthy foreign investors. But the new details come as President Obama has criticized Romney for profiting from Bain Capital’s own offshore investment entities, which are unavailable to most Americans.

The Romney campaign declined to comment on the specifics of Bain’s early investors. Romney has argued that his offshore investments are entirely proper, and that he has paid all the U.S. taxes that he owes. The offshore funds do provide tax advantages for foreign investors, allowing Bain to attract billions of dollars.

“The world of finance is not as simple as some would have you believe,” Romney said in an interview this week with National Review Online.

The first outside investor in Bain was a leading London financier, Sir Jack Lyons, who made a $2.5-million investment through a Panama shell company set up by a Swiss money manager, further shielding his identity. Years later, Lyons was convicted in an unrelated stock fraud
scandal.

About $9 million came from rich Latin Americans, including powerful Salvadoran families living in Miami during their country’s brutal civil war.

That first investment fund — used to invest in start-up companies and leveraged buyouts — paid out a stunning 173% in average annual returns over a decade, according to a prospectus prepared by an outside bank. It was the start of the private equity powerhouse that ultimately fueled Romney’s political career. He now cites his experience at Bain as a chief qualification for the White House.

Romney faced unusual complications when he launched Bain Capital, a spinoff of Bain & Co., the Boston consulting firm he joined when he graduated from Harvard Business School.

At the time, U.S. officials were publicly accusing some exiles in Miami of funding right-wing death squads in El Salvador. Some family members of the first Bain Capital investors were later linked to groups responsible for killings, though no evidence indicates those relatives invested
in Bain or benefited from it.

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Published on Jul 19, 2012 by    

It starts with you: http://OFA.BO/xJQfHT

First Lady Michelle Obama announces the launch of “It Takes One”. “It Takes One” is a new effort that asks you to inspire one more person to join you every time you take an action to move this country forward. If you’re making phone calls or knocking on doors, take a friend along. If you’re registering to vote, make sure that a family member is registered as well. If you’re attending an event, bring one neighbor along. And if you’re voting early on election day, bring one new voter with you. You could inspire five, or ten, or 100 new people before November.
As the First Lady shares:
“That one new voter you register in your precinct. That one neighbor you help get to the polls on November 6th. That could make all the difference. That one conversation you have. That one volunteer you recruit. That could be the difference between waking up on November 7th and feeling the promise of four more years or asking yourself, ‘could I have done more?'”
“As Barack has said all along, ‘It takes one voice to change a room. And one room to change a community. And one community to change the direction of our nation’. It takes one and it starts with you.”

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