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Colin Powell recently revealed (again) that he endorses Barack Obama over his Republican party candidate. Most folks are saying it’s “just because they are both black,” but here is the rundown on why Powell chooses Barack over Money Mitt.

Via Washington Post:

Colin Powell, retired general and veteran of combat and Republican administrations, endorses President Obama and not his party’s candidate Mitt Romney. As he did in 2008, when he crossed party lines to favor Obama over John McCain, Powell runs down a long list of reasons why — from Romney’s “very, very strong neo-conservative views” to doubts about the candidate’s economic plans.

Instead of taking him at his word or believing the sincerity of the same criticisms others have made, a fellow Republican presumes to know the real reason. Romney adviser and former New Hampshire governor John Sununu – last heard questioning the American-ness of the president of the United States – attempted to explain the Powell endorsement on CNN. “When you take a look at Colin Powell, you have to wonder whether that’s an endorsement based on issues or whether he’s got a slightly different reason for preferring President Obama,” he said. When asked to explain, he went on, “Well, I think when you have somebody of your own race that you’re proud of being president of the United States, I applaud Colin for standing with him.” Talk about a back-handed compliment.

The Republican Party — quick to accuse Democrats of playing identity politics and that old standby, the race card – insists its policies are all about individual rights and liberties. But only certain African Americans qualify as independent thinkers, Republicans such as Clarence Thomas, Allen West and Herman Cain. You earn extra points if you, as Cain did, call African Americans who vote Democratic “brainwashed,” or repeat West’s charge that those African Americans reside on a Democratic Party “plantation.” Veer from the party line, though, and respectable showings in GOP primary polls can’t save you, as Cain found out when he lightly criticized the racial epithet painted on a rock at a hunting camp used by Texas Gov. Rick Perry and faced push back from the same folks who had once lionized him. If that’s what happens to Republicans, no wonder African-American Democrats stick with the party, a voting practice that – bluster aside — predated the black man on the ticket.

Despite former Secretary of State Condoleezza Rice’s stirring speech at the Republican convention and her support of Romney, her days as loyal party player might be numbered since she refused to go along with the view that the Obama administration is engaged in a cover-up as it investigates the attack that killed the U.S. ambassador to Libya and three other Americans last month. For years, Powell has proven his loyalty to the GOP. He was once its poster general for a big tent. Now he is a pariah in the party he still claims, one of, he said, a “dying breed,” a moderate Republican who rejects views he sees as extreme.
Powell’s former chief of staff Col. Lawrence Wilkerson is explicit in his view that the Republican Party is “full of racists,” who only want President Obama out of office because he’s black. Years ago, Powell distanced himself from Wilkerson because of his criticism of the Bush administration, and I can’t imagine him using such language as he plots his own independent path.

But to dismiss Powell’s concerns about a party he thinks has gone too far and classify his Obama endorsement as just a case of race-based solidarity — a “brother” supporting one of his own – is another step back for the party of Lincoln looking to reclaim the voters and philosophy of inclusion it jettisoned along the way.

Thoughts???

WENN

“That’s My Doooooggg!”

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Mitt Romney’s Net Worth Remains Over $250 Million

Damn, ole boy is a certified baller:

A new financial report from GOP presidential candidate Mitt Romney shows that his personal fortune remains near $250 million, about the same as last year even after a mass sell-off of stocks from his vast investment portfolio. Romney’s campaign said Friday that his assets ranged between $190 million and $250 million, and a tally by The Associated Press put the figure at the high end of that range.

The new financial report from Romney describes sales over the past year of a large amount of stocks that had been managed through his blind trust. The stocks sold included such familiar corporate entities as Boeing, Volkswagen and Pepsico. The stock sales also included several notable firms whose interests had conflicted with Romney’s stances — among them China-based businesses Hang Lung and Komatsu. Romney has advocated toughened dealings with China’s government over its expanding economic interests.

Romney campaign spokeswoman Andrea Saul stressed Friday that the investment decisions for Romney and his wife, Ann, were made under a blind trust administered by a Boston-based lawyer who has long worked with Romney. “Governor and Mrs. Romney’s assets are managed on a blind basis,” Saul said. “They do not control the investment of these assets, which are under the control and overall management of a trustee.” In 2007 during his first presidential run, Romney had assured critics that the trustee, R. Bradford Malt, would see that his investments would not clash with his positions or Republican party stances. But the new 2012 disclosure — along with other Romney financial documents released earlier this year — showed that the Romneys held onto some of those investments well past 2007.

The annual financial disclosure report that Romney turned over Friday to the Federal Election Commission showed a slightly wider range — between $83 million and $255 million — than the narrower asset range released by the Romney campaign. A Romney campaign official who spoke on condition of anonymity because he was not authorized to discuss the candidate’s finances said that the campaign’s figures were slightly more accurate because of differences in valuation. The new financial disclosure shows that even after his stock sales, Romney still made millions of dollars over the past year in lucrative bank notes and investment funds, including nearly 40 different funds associated with his former company, Bain Capital.

SMH.

Source

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