Tuesday, February 10, 2004

Bmda: Kerry talks out of both sides of his mouth while eating a banana sideways

Some people do take the cake for hypocrisy. John Effin Kerry (hey! I didn't use the word, he did!), the likely Democrat candidate for the presidential race, is one such. Read the whole article yourself.
US Presidential hopeful, Senator John Kerry, has been hauled over the coals for his anti-Bermuda stance - after it was discovered his wife's trust made a killing on Ingersoll-Rand redomesticating to the Island.
Sen. Kerry, of Massachusetts, has been loudly denouncing US companies moving offshore to save on their taxes calling them “Benedict Arnold” firms after the notorious American traitor.

But as the Kerry Campaign hots up, so does the scrutiny of his affairs. Reporters and his opponents have been leaving no stone unturned scrutinising his every move - and that of his wife.

Now the latest edition of Newsweek has revealed that in 2002 the conversion and sale of up to a million dollars of stock in Ingersoll-Rand made between $100,000 and $200,000 after stock rose in price following the company's move to Bermuda. In an article in this week's edition headlined “The Wedge War”, Newsweek looks into the general election campaign and with it how the Kerry camp is faring
...
After his victory in the Iowa caucuses last month, Kerry railed against federal tax incentives to companies that outsource jobs.
“We are not going to give one benefit or one reward to any Benedict Arnold company or chief executive officer who take jobs and money overseas and stick you with the bill. That's over,” he said.

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