The Mittster Mash: Oh, and One More Thing …. On Romney’s Personal Financial Disclosures, Iranian Disinvestment, and Sino-Russian Oil Companies
The final verse of the Mittster Mash relates to a very important YouTube video.
What it relates to, by itself, could, and perhaps should, sink Objectively Unfit Mitt Romney’s primary candidacy. If it doesn’t, the damage it could do in the general election would be just as bad, if not worse, than that done by Ted Kennedy in 1994, when Romney was thought to be in a position to take Kennnedy’s US Senate seat, but was blown apart in the final weeks by examples of Bain’s questionable business and employee-relations practices.
The potential damage from what is in this YouTube vid and Romney’s Personal Financial Disclosure Form dwarfs anything Kennedy found.
But before I link to the video, a few points.
Yeah, I know it’s from a lefty called “DemRapidReponse.”
Yeah, I know it doesn’t do a good enough job of distinguishing between Objectively Unfit Mitt Romney, Bain Capital, and the supposed distance between them.
Yeah, I know that Romney claims that most of his assets are in a “blind trust,” and has satisfied a Massachusetts ethics body about that claim.
But, the distance from Romney to Bain and other questionable entities isn’t as far as one might think, and for being “blind,” an awful lot is pretty visible:
- The New York Times has noted that Romney “remains an investor in Bain Capital.” Romney’s web site does not, and his bio there would leave a typical reader with the impression that he is currently not involved with Bain in any way.
- The Personal Financial Disclosure form filled out by Romney in August (accessible here; ultimate file is a 40-plus page PDF) confirms that Mitt Romney has substantial ownership interests in various Bain entities.
- The amount of those interests may be understated or obscured because the Form’s preparers appear to have failed to follow some of the specific instructions for completing the Form. I won’t go into the details of that right now, but suffice it to say that a reader will likely come away from the Disclosure form estimating a valuation of ownership interests that could be as much as tens of millions of dollars lower than it really is.
- Even beyond Bain, the Disclosure Form reveals that Romney and/or his family also have likely-substantial investments in the Russian and Chinese entities mentioned in the video.
- (Not noted in video) Certain of the entities Romney and Bain are involved with were implicated in the Oil for Food Scandal. Really: “There were two main types of manipulation: surcharges paid for humanitarian contracts for spare parts, trucks, medical equipment and other supplies; and kickbacks for oil contracts. Among the companies that paid illegal surcharges were South Korea’s Daewoo International and three subsidiaries of Siemens AG of Germany. On the oil side, contractors listed included Texas-based Bayoil and Coastal Corp., Russian oil giant Gazprom, and Lukoil Asia Pacific, a subsidiary of the Russian company, Lukoil.”
You will see the names of Gazprom and Lukoil in the video.
So while the video is less than perfect, it is sufficiently valid to raise questions about:
- Romney’s sincerity about Iranian divestment, given his personal interests.
- The complete nature of Bain’s and Romney’s Russian and Chinese investments and entanglements, especially given the state-sponsored or state-sanctioned nature of many of their companies, and the current and potential relationship between the Russian oil firms noted and President Vladimir Putin.
- Whether a President Mitt Romney will ultimately represent this country’s interests, his own interests, those of another country or countries, or some combination of the three. Seriously.
- Finally, whether all of this will be fatal to Romney’s general election candidacy if he somehow wins the GOP nomination.
That’s a lot of explaining for a 2:37 video. So without further ado, here goes (direct YouTube link, in case the embed doesn’t work):
(NOTE: CNOOC and Sinopec are Chinese oil companies.)
What has been covered here only scratches the surface. When all is said and done, the business dealings and entanglements of the Romneys and Bain may end up constituting the scariest thing of all about this man’s presidential candidacy.
And that’s saying something.










