So, lemme get this straight — Mitt Romney set up a Swiss Bank account in hopes that the United States dollar fails, that way he could bet against the dollar to make a profit? And now, he wants to be President of the United States?
According to the manager of his trust, Mitt Romney’s Swiss bank account wasn’t an exercise in tax avoidance—rather, it was a hedge against a decline in the dollar. I’m not qualified to say whether or not his explanation is the full truth, but it certainly doesn’t provide evidence that Mitt Romney hates America. Obviously, an investment that bets on the decline of the dollar might not sound good, but when you have as much money as he does, you’re going to end up placing bets that might not be great soundbites for a campaign. In substantive terms, Romney is going to have a much bigger problem explaining why Bain profited from destroying companies than he will have explaining this.