Jul 31, 2012

Reid: Romney didn't pay any taxes for ten years!

Mitt Romney Harry ReidWASHINGTON -- Senate Majority Leader Harry Reid (D-Nev.) has what he says is an informed explanation for why Mitt Romney refuses to release additional tax returns. According a Bain investor, Reid charged, Romney didn't pay any taxes for 10 years.

In a wide-ranging interview with The Huffington Post from his office on Capitol Hill, Reid saved some of his toughest words for the presumptive Republican presidential nominee. Romney couldn't make it through a Senate confirmation process as a mere Cabinet nominee, the majority leader insisted, owing to the opaqueness of his personal finances.

"His poor father must be so embarrassed about his son," Reid said, in reference to George Romney's standard-setting decision to turn over 12 years of tax returns when he ran for president in the late 1960s. 

Harry Reid, the Senate majority leader, ratcheted up the speculation about Mitt Romney's unreleased tax returns.

Saying he had "no problem with somebody being really, really wealthy," Reid sat up in his chair a bit before stirring the pot further. A month or so ago, he said, a person who had invested with Bain Capital called his office.

"Harry, he didn't pay any taxes for 10 years," Reid recounted the person as saying.

"He didn't pay taxes for 10 years! Now, do I know that that's true? Well, I'm not certain," said Reid. "But obviously he can't release those tax returns. How would it look?

"You guys have said his wealth is $250 million," Reid went on. "Not a chance in the world. It's a lot more than that. I mean, you do pretty well if you don't pay taxes for 10 years when you're making millions and millions of dollars."

More on this story....

Chris Matthews on Romney's Mittsteps in Europe
"Who is this klutz this clodhopper this lawn sprinkler of national insult? Well he’s Mitt Romney....The guy who promised to restore and upgrade this special relationship with Great Britain and has instead barfed on the Buckingham Palace lawn. The guy promised to restore peace and security to the land of Israel and has instead managed to raise the level of strife still higher."





American Girls Win Olympic Gymnastics!

 LONDON — The United States women’s gymnastics team, clad in shiny, sparkly red uniforms, held hands and stared at the scoreboard at the conclusion of the team finals Tuesday, the teammates looking frozen as they waited for the news they knew would come.

The five teenagers had just put forth a series of stunning performances that kept them in first place from start to finish, with a slim lead eventually turning into a landslide. Still, with hearts pounding, they saved their celebration until it was official.
Minutes later, when the United States appeared at the top of the leader board announcing that the Americans had won the Olympic team gold medal, the gymnasts could no longer contain their joy. As chants of U-S-A roared throughout the arena, they smothered each other in hugs and wiped away happy tears.  More on the story from the NYT 


Power grid collapses in India  680 MILLION in the dark

NEW DELHI—India suffered the world's biggest-ever power outage Tuesday as transmission networks serving areas inhabited by 680 million collapsed, putting the nation's ramshackle infrastructure on stark display.

The grid failure, the second massive blackout in as many days, happened around 1 p.m. local time and affected 18 states and two union territories in north and eastern India, grinding trains across large swaths of the country to a halt, forcing thousands of hospitals and factories to operate on generators, temporarily stranding hundreds of coal miners underground and causing losses to businesses estimated in the hundreds of millions of dollars.

The government said power was about 80% restored in north India by late Tuesday evening.
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Romney's Tax Returns hacked by Anonymous

Late last night, the mysterious group of hackers known as Anonymous successfully hacked the main database for the Internal Revenue Service. The group appeared to have a singular target- Republican Presidential nominee Mitt Romney. Romney has been criticized by both parties for his failure to produce more than one past tax return.

According to Ann Romney on ABC’s “Good Morning America” they had no intention of ever disclosing the contents on those returns: “We’ve given all you people need to know and understand about our financial situation and how we live our life”. Anonymous however, seems to have thought that we “the people” might want to know a little more about the man who seeks the White House.     Listing of his deductions from MUST READ:  "Free Wood Post", reporting he only paid $412 two years ago!

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