2012 presidential candidates

POLITICO: Supreme Court a Critical 2012 Issue

A POLITICO article out today reaffirms that the 2012 election is of “Supreme importance” to the future of the nation’s highest court.

The piece takes note of the critical role the court will play in the upcoming elections and reminds readers that the next presidential term will be particularly important in determining the composition of the court for decades to come.

Four Supreme Court justices enter the next term in their 70s, and any changes during the next presidential term could tip the balance of the court on some of the nation’s hottest social issues, including same-sex marriage, civil rights and abortion.

There’s also the often-overlooked aspect that the president nominates judges to fill the nation’s appellate and district courts, which produce some of the country’s most lasting decisions.

POLITICO also notes that due to widespread GOP efforts at voter suppression, there is a possibility that the court may have a hand in determining the outcome of the presidential race.

Mitt Romney’s top judicial adviser, the far-right former judge Robert Bork, weighed in as well:

Few see the Supreme Court actually becoming a prominent attack line when the candidates are speaking to the general public. “It should be, but the economic issues will far outweigh other questions,” Robert Bork, the former Reagan Supreme Court nominee now serving as a top Romney legal adviser, wrote in an email to POLITICO.

As the decision in Citizens United and other cases clearly demonstrates, the current Supreme Court is one of the most conservative in American history. It’s hard to imagine a court even further to the right, and yet that is exactly what a Romney presidency would ensure.

For more on the Supreme Court and Robert Bork, See PFAW’s report “Borking America” and visit RomneyCourt.com.

PFAW

Romney Continues to Refuse Financial Transparency

A New York Times editorial published yesterday takes aim at Mitt Romney’s continued obfuscation regarding his tax returns. Shirking a precedent embraced by previous presidential candidates, including his father, George Romney, the GOP nominee has yet to fully disclose the extent of his foreign investments and tax havens.

“Mr. Romney has resisted all demands for more disclosure, leading to growing criticism from Democrats that he is trying to hide his fortune and his tax schemes from the public. Given the troubling suspicions about his finances, he needs to release many more returns and quickly open his books to full scrutiny.

The 2010 tax return showed that the blind trust held by his wife, Ann, included a $3 million Swiss bank account that had not been properly reported on previous financial disclosure statements. (The account was closed by the trust manager in 2010 who feared it might become embarrassing for the campaign. He was right.) It also showed that Mr. Romney had used a complex offshore tax shelter, known as a blocker corporation, to shield the investments in his I.R.A. from paying an obscure business tax.

The use of that technique by wealthy taxpayers and institutions, long been blasted by Congressional tax experts as abusive, costs the treasury $1 billion a decade.”

Romney’s pattern of dishonesty extends beyond his personal finances. He has yet to fully explain the terms upon which he parted with the Bain Capital, the private equity firm he helped create. Although he claims he left the firm in 1999, just last month “his trust reported receiving a $2 million payment from Bain as part of unpaid earnings from his work there”. (New York Times) Recent reporting by AP and Vanity Fair raise even more questions about the millions that Romney has stashed away in Bermuda and the Cayman Islands.

President Obama has recently returned from a bus tour under the banner of “Betting on America” – placing trust and reinvesting in American industry. The contrast with Mitt Romney couldn’t be clearer.

Romney’s campaign slogan is “Believe in America”, but an apt subtitle may as well be…”but invest somewhere else.”

PFAW

A Different Reality for Romney's Mega-Donors

Top-dollar donors to Mitt Romney’s campaign gathered last weekend to hobnob with the candidate at three fundraisers in East Hampton, N.Y., including an event at the massive home of billionaire David Koch. With the price of admission around $75,000, the scene near the gates isn’t surprising, according to the Los Angeles Times.

The line of Range Rovers, BMWs, Porsche roadsters and one gleaming cherry red Ferrari began queuing outside of Revlon Chairman Ronald Perelman's estate off Montauk Highway long before Romney arrived, as campaign aides and staffers in white polo shirts emblazoned with the logo of Perelman's property -- the Creeks -- checked off names under tight security.

What is surprising, however, is how out of touch the upper echelon of the 1% is with the economic conditions faced by most Americans and their resistance to policies that will help level the playing field. The attitude of indifference to the plight of working families in favor of perpetuating failed trickle-down economics and maintaining the established order were summed up by a Romney contributor:

"I don't think the common person is getting it," she said from the passenger seat of a Range Rover stamped with East Hampton beach permits.

"Nobody understands why Obama is hurting them.

"We've got the message," she added. "But my college kid, the baby sitters, the nails ladies -- everybody who's got the right to vote -- they don't understand what's going on. I just think if you're lower income -- one, you're not as educated, two, they don't understand how it works, they don't understand how the systems work, they don't understand the impact."

There are lots of college kids, baby sitters and nail ladies in America who are probably paying higher tax rates than the woman quoted above. Fortunately, as she said, they have the right to vote.

PFAW