DEMOCRAT & MEDIA DOUBLE STANDARD … Oops, Looks like Obama Treasury Secretary Nominee Jack Lew was Sheltering his Money in the Cayman Islands … But It’s Not Romney So That’s OK
Imagine that, only sheltering monies in the Cayman Islands is an issue for Democrats and the MSM when it comes to Republicans and Mitt Romney. Where is that class warfare rhetoric from Obama now?
Don’t look now but President Barack Obama’s Treasury Secretary nominee Jack Lew’s nomination may have hit a bit of a snag. It would appear that he has made investments in the Cayman Island to shelter money. Of course this is not an issue now for the Obama White House, Democrats and the liberal MSM. It was only an issue for former 2012 GOP presidential candidate Mitt Romney. Of course it will make no difference to Obama, he is the one who previously had Turbo tax cheat Timothy Geitner of the Treasury Secretary. What’s a little Cayman Island sheltered money?
Republicans have been critical of Lew since his nomination was announced last month. Sens. Jeff Sessions and Orrin Hatch have questioned his role in Medicare policy decisions and his role at Citigroup.
“He’s got to still answer some questions or we may have to postpone the hearing,” Hatch told POLITICO on Thursday. “Right now, I’ve agreed to the hearing date but it is subject to having answers to the questions that were raised. They aren’t difficult to answer, they can answer them.”
Sources said Republicans have not given any indication that they plan to use the information to stall the upcoming hearing or to block the nomination completely.
Committee members will have the chance to question Lew directly at the hearing next week.
“[They] have every right to bring these issues up, that is why we have the committee hearing,” Neary said. “No one is being stopped from asking any questions at these hearings.”
But of course there is no double standard here. Barack Obama was highly critical of GOP presidential nominee Mitt Romney for similar investments in funds based in the Cayman Islands, but now has the nerve to nominate an individual who has done the same. How hypocritical could Obama be? Obama obsessed over offshore tax shelters, but nominated someone who has done the very same that Obama claims to be against. What a joke. The Obama White House actually had the nerve to defend Lew and his investment by stating that Lew paid all his taxes on all of his income. As an American Thinker states, the point is not that Lew disclosed or paid taxes on his income, the issue at hand is the idea that it is evil to have an offshore account – at least it was for Mitt Romney. The specter of an offshore account raise the issue of hidden income and avoidance of taxes. That was the story when Obama slandered Romney, but some hoe it a different story when it comes to Jack Lew.
“President Obama has been almost obsessively critical of offshore investments. He called Ugland House ‘either the biggest building or the biggest tax scam on record,’” Grassley wrote in a statement late Friday.
“For years, we’ve talked about shutting down overseas tax havens that let companies set up operations to avoid paying taxes in America,” Obama said. He said his budget proposal would crack down on businesses which incorporate in places such as Ugland House.
Grassley said of the contrast between Obama’s statements and Lew’s past investment, “The irony is thick.