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Rmoney may not like China…but his money sure does.

October 10, 2012

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http://bearssoapbox.over-blog.com/article-romney-believes-in-america-but-invests-in-china-111081964.html

On the campaign trail, Mitt Romney rips President Obama’s policy on China and talks tough against the rising global power. “We’re going to crack down on China,” he said at a recent event in Ohio. “They’ve stolen our jobs; that’s gotta stop.” But according to Romney’s recent tax returns, between 2008 and 2011 Romney invested more than a half million dollars in the stocks of 10 Chinese companies—including firms that embezzled, partnered with Iran, and stole US intellectual property.

 

Through Romney’s individual and family “blind” trusts—managed by his personal lawyer, R. Bradford Malt—the Romneys traded more than 25,000 shares in Chinese firms, including some based in Hong Kong. Some of these investments have previously been reported in the media and raised by the Obama campaign, but others have gone unnoticed. Overall, the stock investments netted the Romneys a profit of more than $90,000 in 2010 and 2011. (Some of the individual investments were losers.) While that sum is a pittance in light of the candidate’s vast personal wealth, it represents a significant amount for ordinary working Americans. Romney has long invested in China, putting millions into Chinese firms back when he ran Bain Capital, as MoJo’s DC bureau chief David Corn first exposed in several reports this summer.
Romney has said that he has no role in managing his personal investments; one of his aides told the Financial Times recently that Malt works “to make the investments in the blind trust conform to Governor Romney’s positions, and whenever it comes to his attention that there is something inconsistent, he ends the investment.”

 

  • But back in 1994 Romney himself said that blind trusts don’t absolve an investor of responsibility: “The blind trust is an age old ruse, if you will, which is to say, you can always tell the blind trust what it can and cannot do. You give a blind trust rules.”

…………..

(just one example)

China National Offshore Oil Corporation

The Romneys invested nearly $77,000 in China National Offshore Oil Corporation from 2009 to 2011—even as US sanctions called for divestment of companies that do business with Iran’s energy sector, as CNOOC does. The Chinese oil giant’s parent company is helping Iran develop the North Pars natural gas field in a deal estimated to be worth $16 billion. The Romneys sold their shares in CNOOC for a profit of more than $15,000.

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The more that I read and find out about him, the more disbelief that I have that this is the best that the GOP has to offer.
Unless somehow, some way, the fix is in and they will find some way to steal the election.
That might sound paranoid but that doesn’t mean that they’re not out to steal the election and the country.
Geez, if I keep thinking like that I’ll have to get a thicker foil hat.
~
~
All seriousness aside though.
I wouldn’t put anything out of the realm of possibility.
Not since ‘Bush The Lesser’ was appointed and look where that got us.
Thanks for visiting.
The northern lights, supercharged by a recent solar storm, dance above Naimakka, Finland, in this shot snapped on Sept. 4, 2012, by Ole Salomonsen.
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