Charles Pierce: I was driving most of yesterday and, therefore, only got the news piecemeal of Willard Romney’s descent to previous unplumbed depths in a racist bathysphere of how own devising. I felt a little out of the loop until I was presented with the comforting familiarity of what a dipshit Mark Halperin is:
“After reading a lot of tweets, listening to some talk radio, and watching some cable TV, I can say that this Romney/birther moment is representative of the whole, horrible campaign cycle we are in. The level of vitriol and personal animus that exists on both sides over the flap is truly discouraging.”
Yet another TOD post that has been reblogged by Jueseppi B, despite requests that he make his own effort to support PBO rather than copying others simply to drive up his reblog’s traffic. He doesn’t take kindly to being challenged, as another woman found out: explicit. Genuine bloggers are welcome to use anything they ever see at TOD. Thanks
ABC: The private equity firm founded by Republican presidential candidate Mitt Romney made use of arcane techniques in several of its Cayman Islands-based funds to avoid U.S. taxes, according to a trove of Bain Capital’s private audit and finance records made public on the website Gawker today.
The audited financial statements of one of the Cayman Islands funds make note of the use of “blocker” entities, which are used to help retirement accounts and nonprofit entities avoid some taxes. Financial statements for another fund note that it “intends to conduct its operations so it will … not be subject to United States federal income or withholding tax …”
Those details emerge on the statements of two funds in which Romney still holds a sizeable investment, according to the financial disclosure statements he filed when he announced his bid for president.
First lady Michelle Obama greets Sikh temple secretary of the board of trustees Kulwant Singh Dhaliwal, left, and Oak Creek, Wis. Mayor Stephen Scaffidi, before talking to victims of the August 5th shooting in Oak Creek, Wis.