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Vetting the Clintons has Just Begun

The mainstream media is finally taking an interest in the Clinton's elusive tax returns. You remember, the ones that they can't xerox for some reason. From ABC News:

After weeks of intense pressure, and more than a year after announcing her presidential candidacy, Sen. Hillary Clinton has offered little explanation for why she has delayed releasing the tax returns made public by most other Democratic presidential candidates in recent years.

"What is the holdup?" said Sheila Krumholz of the Center for Responsive Politics, a nonprofit group that tracks the role of money in politics. "She hasn't exactly made it clear as to what process is making it so cumbersome to just release them."

The laughable excuse that they keep offering is that her taxes won't be done until April 15. They seem oblivious to the fact that April 15 is the deadline for 2007 taxes. Not 2006 or 2005 or prior years. That they keep offering this as an excuse is an insult to the public's intelligence.

These tax returns will help us to understand the extent to which the Clintons have cashed in on their celebrity status since Bill left the White House:

Since 1999, the couple's net worth has increased from somewhere between $1.25 million and $5.7 million to between $10 million and $50 million, according to filings. In 2006, the Clintons earned hundreds of thousands of dollars from book royalties, and former President Bill Clinton made $10 million in dozens of paid speeches.

The disclosures shed some light on President Clinton's role in two companies run by longtime friends and fundraisers. Clinton earned an unspecified amount as a consultant for InfoUsa, a data company run by longtime friend and fundraiser Vin Gupta, according to the filings. The forms also showed ten of thousands of dollars invested in funds with the Yucaipa Companies, a private equity firm run by another close friend, Ron Burkle.

FrontPage has more on this:

Hillary is not fighting for the average worker. She is fighting to conceal evidence that she and Bill have exploited the kind of tax loopholes that are costing average working people who play by the rules many millions of dollars in tax revenue that could go toward paying for universal health care, education, housing relief, etc.

It gets even more interesting when we examine Clinton's ties with billionaire playboy Ron Burkle:

Even worse is the mystery surrounding Bill's relationship with three Cayman Island-based global funds, run by his billionaire pal Ron Burkle. Through WJC International Investments GP, Bill Clinton has invested in Yucaipa Global Holdings and Yucaipa Global Partnership. The Yucaipa Global Partnership Fund "invests in securities of corporations that conduct significant operations in foreign countries." Bill is one of three owners of the Yucaipa global fund's general partner. The others are Mr. Burkle, who is the managing member, and an entity connected to the ruler of Dubai.

Bill is reportedly going to make around $20 million if he disentangles himself from this foreign-based relationship, as he said he would do in the event that Hillary wins the Democratic presidential nomination. Yet, in Hillary Clinton's Public Financial Disclosure Report that she filed with the Federal Election Commission and signed on June 13, 2007, she indicated that the valuation of her spouse's holdings in the Yucaipa Global Holdings and Yucaipa Global Partnership Fund did not exceed $15,000. Her 2006 Senate disclosure filing for the calendar year 2006, signed on May 15, 2007, lists the valuation of both these holdings at less than $1000! More miraculously than Hillary's profits in cattle trading decades ago, the asset value of the Clintons' Yucaipa global investments appears to have risen about two thousand percent in less than a year's time when those financial disclosure filings were made - unless the filings were misleading in the first place. Of course, Hillary has not sought fit to amend her public financial disclosure filings accordingly.

Amazing how they managed to turn $1,000 into $20 million isn't it? These Clintons sure are a sharp pair of businesspeople I tell you.

Hillary likes to say she has been thoroughly vetted and Barack Obama hasn't been. She was vetted all right, but the vetting stopped in 2000. Now that the vetting has restarted we are finding the same kind of sleazy deals that have plagued the Clintons for their entire public life.

Of course, we should have known better. Why would we have expected anything to change? I just can't imagine any Democrats in their right mind who want to go through this for the next four years. Haven't we had enough of the Clintons already?

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Comments (11)

Talk about "the Audacity of... (Below threshold)

Talk about "the Audacity of Hope" - taking a "reported" figure for "disentangling" and imputing to that the value of "holdings" requires quite a leap, closing your eyes to the gaping chasm in between. Don't look down.

Let's work backwards. If the values of Bill's "holdings" (i.e., secured interest - stock or bonds or unexpired options) were significantly higher than what Hillary claimed on the dates she filed the Senate reports, it would eventually bite her in the ass even if she won the Presidency - and might well come out before the election and cause her defeat. She is very unlikely to have misstated them by so much.

The "reported" money Bill MIGHT get could be in the form of deferred compensation, some sort of contractual "golden parachute" which might just be a legal way of Burkle rewarding his old pal. With his money, Burkle has more lawyers working on loopholes than a dog has fleas.

The time to have worried about the relationship between the Clintons and Burkle was in the early '90s, when it might have saved us some grief.

larkin, were you just purpo... (Below threshold)
ke_future:

larkin, were you just purposefully blind during the 90's? those of us who were paying attention have seen this before and saw this coming for the past 10 years. it's amazing how nobody on the left complained about clinton (either on of them) til the shoe was on the other foot. morons.

oh...and we told you so.

Larkin: "The laughable e... (Below threshold)

Larkin: "The laughable excuse that they keep offering is that her taxes won't be done until April 15."

Boy, I hadn't read that - that Clinton was using that excuse for not releasing her past income tax returns until April 15. Do you have a link, or did you make that up?

ABC News:

Sen. Hillary Clinton has offered little explanation for why she has delayed releasing the tax returns made public by most other Democratic presidential candidates in recent years.

"What is the holdup?" said Sheila Krumholz of the Center for Responsive Politics, a nonprofit group that tracks the role of money in politics. "She hasn't exactly made it clear as to what process is making it so cumbersome to just release them."

The ABC question matches what I've read, that Clinton hasn't explained why, so I'd love to see your source on your claim as to her excuse, Larkin.

and... on the subject of ve... (Below threshold)

and... on the subject of vetting - has Obama answered all of the questions posed to him about the indicted Tony Rezko yet?

Nope.

What his timeline for that?

Boy, I hadn't read that ... (Below threshold)

Boy, I hadn't read that - that Clinton was using that excuse for not releasing her past income tax returns until April 15. Do you have a link, or did you make that up?

I saw that on Tucker Carlson where one of her campaign people was asking Tucker if had finished his taxes yet in response to his question about why she hadn't released hers. It's that fat, blonde woman that often appears on TV, but I can't recall her name.

So, you're suggesting that April 15 just came out of nowhere and that it has no correlation with the fact that is the filing deadline for 2007 taxes?

Hillary's the one who chose that date. Let her defend it. It's obvious what she's trying to imply by using April 15.

larkin, were you just pu... (Below threshold)

larkin, were you just purposefully blind during the 90's?

You wouldn't have found me defending the Clintons during that time period. I voted for Ross Perot in '92 and Bob Dole in '96. The Clinton's fast and loose approach to ethical issues always bothered me, but I admit I only started to dig in when they started sliming Barack Obama.

fair enough. but it sure su... (Below threshold)
ke_future:

fair enough. but it sure surprises me how many on the left are just now seeing what a manipulative team the clintons are.

by the way, i gotta ask why you voted for ross perot in '92? i just never got his appeal. he also seemed a little unhinged to me, and with a very limited range of competency.

I have also never voted for... (Below threshold)
mantis:

I have also never voted for either Clinton, and was very critical of the former president when he was in office. I never cared very much about the adultery (other people's marriages are their own business), but there were a lot of fishy things going on in the Clinton house, especially with finances. I'm now interested in what's been going on since they left the White House, and how many favors Senator Clinton will be expected to pay back to her husbands associates.

The left's love affair with the Clintons has always been overstated by the right, and has only seemed greater than it really is in comparison to their feelings about the current president.

"So, you're suggesting t... (Below threshold)

"So, you're suggesting that April 15 just came out of nowhere and that it has no correlation with the fact that is the filing deadline for 2007 taxes?

Hillary's the one who chose that date. Let her defend it. It's obvious what she's trying to imply by using April 15.

No, where did I suggest that?

I suspect they want to release it all at once, not some now and some later, and I suspect that whatever is in there is going to be subject to a lot of criticism and spin, and by waiting as long as possible they are limiting the amount of ??? and spin going into Pennsylvania, which is one week later.

by the way, i gotta ask ... (Below threshold)

by the way, i gotta ask why you voted for ross perot in '92?

It was more of a protest vote against the choices we were given. Early on, I had a visceral distrust of Bill Clinton. I was pulling for Tsongas on the Democratic side.

And I really thought George H. W. Bush had lost touch when it came to domestic matters such as the economy.

I suspect they want to r... (Below threshold)

I suspect they want to release it all at once, not some now and some later, and I suspect that whatever is in there is going to be subject to a lot of criticism and spin

Originally she wasn't going to release until after the Democratic nomination process was complete. Now she's moved it up to April 15 which won't give people enough time to track down all of her sources of income by the April 22 Pennsylvania primary.

So now I think we just have to keep pressuring her until she release them. After all, why wait on tax returns that are already completed (2006 and prior).




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