Quantum Windbag
Gold Member
- May 9, 2010
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I am so glad I am not a Progressive Democrat. Watching them flip and flop as Obama changes side gives me whiplash, actually doing it must induce migraines.
Obama has nominated Jack Lew as Treasury Secretary, a man who invested in a fund fun out of a Cayman Island building Obama named as a notorious haven for tax abuse in 2009. Just imagine the howls of outrage if Romney had nominated someone with the same investment.
One thing in his favor, he didn't cheat on his taxes.
Obama has nominated Jack Lew as Treasury Secretary, a man who invested in a fund fun out of a Cayman Island building Obama named as a notorious haven for tax abuse in 2009. Just imagine the howls of outrage if Romney had nominated someone with the same investment.
Lew to face questions over Cayman fund - The Washington PostTreasury secretary nominee Jack Lew will face questions at his confirmation hearing next week about an investment fund registered in a Cayman Islands building that has been called a notorious site for tax haven abuse. Lew invested $56,000 in the fund, which was run by his former employer Citigroup, and sold his investment in 2010 for $54,418, according to the Senate Finance Committee.
Lew, the White House chief of staff, is to appear before the Senate Finance Committee on Wednesday as he seeks to become the next Treasury secretary.
Lew was confirmed by the Senate in 2009 as head of the Office of Management and Budget, during which he faced a similar vetting process. The Citigroup fund did not come up then, even though his investment had been disclosed.
One thing in his favor, he didn't cheat on his taxes.