Obama team targets Mitt Romney's private finances

Obama team targets Mitt Romney's private finances

Cebu : Philippines | Jul 11, 2012 at 1:54 AM PDT
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Obama: Romney calls himself a

Skooter reporting 07/11/12

The Obama election campaign wants voters to think about this politically loaded question: What is Mitt Romney hiding?

And Romney’s immediate reply, not a thing. The Democrats are just trying to change the subject from the sputtering economy.

President Barack Obama's campaign team intensely tries to cast his Republican opponent as a cautious rich guy who keeps his money in offshore accounts and repudiates to release more of his tax returns.

The synchronized push, which includes callous criticism from Obama and Vice President Joe Biden, web videos and television advertisements, comes as the Democrats clench for ways to gain an advantage in a narrowly contested election and triumph over a steady stream of dreary economic news.

Biden announced Tuesday that Romney made a lie of the old adage, like father, like son by not meeting the standards his father, George Romney, set when he released 12 years of tax returns during his 1968 presidential bid. The vice president also said of Romney: “he wants you to show your papers, but he won’t show us his.” The criticism was referred to Romney’s financial silence and his support for an Arizona immigration law.

On YouTube Tuesday, the Obama campaign also posted a video that asked: "How long can Romney keep information on his investments in overseas tax havens secret? And why did he do it in the first place?"

Romney supporters have called the bombardment of attacks an "unfounded character assault" by a campaign frantic to divert attention from a lethargic economy that threatens the president's re-election bid. And Romney maintains his private financial records hold nothing illegal.

Romney was quoted as saying on Sean Hannity’s radio show, "I have followed the law, I have paid my taxes as due. I have also disclosed through all of the requirements of the government, every asset which I own, fairly and honestly, recognizing, of course, not to do so would be not only wrong but illegal and criminal."

Yet, Romney has released only a single year's federal return for 2010 and 2011.

The aim on Romney’s private finances isn’t about his wealth but about whether he is playing the system and if so, what it says about what he would do as president to resolve tax loopholes, Obama campaign said.

But Charlie Black, a longtime Republican operative counteracts the Obama team's focus on Romney's personal finances was a Washington-driven issue that was improbable to reverberate with voters who would rather listen the candidates talks about their plans for job creation and economic growth.


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Obama team targets Mitt Romney's private finances
skooter is based in Cebu, Central Visayas, Philippines, and is an Anchor on Allvoices.
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