The most pressing problems facing many Americans during this election year are financial. The typical American voter generally seems to place economic realities as the most important criteria used in determining who to vote for. With all of the legitimate concerns about human rights issues across the country even human rights activist groups know very well they can not move ahead effectively with any agenda without a lot of money. And so as a successful businessman Romney may very well have a great deal of support from a financially battered voters if he can clear up any ethical questions about his own finances.
Mitt Romney is working fast right now not to clear up any questions dealing with his financial disclosures. Dan Eggen has reported for The Washington Post “Romney campaign to correct financial disclosure forms to include overseas income.” Mitt Romney’s campaign has said it has been working to correct the Republican candidate’s financial disclosures following reports that nearly two dozen funds, including a now-closed Swiss bank account, were not included on the original forms as required. The problems have been described as “trivial” by the Romney campaign which said it was preparing “minor technical amendments” to correct any discrepancies.
However, Democrats have been quick to jump on missing information as evidence that Romney should disclose more tax returns beyond records from 2010 and 2011 which he released earlier this week. The Los Angeles Times has reported that at least 23 funds or partnerships listed in Romney’s 2010 tax returns were not in financial disclosure forms that are required from each presidential candidate. Eleven of these accounts are said to be based in tax havens such as Bermuda, the Cayman Islands and Luxembourg, and another was in a Swiss account that Romney advisers have said was closed in 2010.
The controversial revelations have intensified the political challenge which has been presented by Romney’s enormous wealth, which is considered a taxed at a low rate that is not available to most taxpayers because it comes from investments rather than from regular wages. It is required by federal election laws that presidential candidates disclose their financial holdings to the Office of Government Ethics.
If Romney can effectively clear up this matter he will still have to relate more effectively to millions of Americans who are well educated and talented and who are nevertheless unemployed and living in poverty if he wants to win the Republican Party nomination and the general election in November. These Americans and their families were never really given a fair chance to get ahead in America and it is their sentiments which Barak Obama has been very effective in playing up to as a guy from a supposed oppressed background who beat the odds and got ahead in life. Romney will have to work hard to beat Obama at his own game and offer hope for these millions of oppressed Americans that they too can get ahead in life.
Mandel News Service