quasi in rem

Friday, January 30, 2004

John Kerry: Benedict Arnold?

John Kerry has made a point in every stump speech and every debate to lay part of the blame of America's economic woes on companies that outsource part or all of their operations to foreign countries. Just last night in the South Carolina debate John Kerry stated that we must seek a " prosperity where we create jobs here at home -- and where we shut down every tax loophole, every benefit, and every reward for any Benedict Arnold CEO or company that sends jobs and profits overseas.'"

John Kerry has shown that he talks the talk, but does he also walk the walk? Not so much.
An analysis of John Kerry's tax return on Open Secrets reveals that while Senator John Kerry is railing against these corporations on the campaign trail, he is simultaneously pocketing the profits those companies produce.

CNN has done a significant amount of research on the Exporting of America and has compiled a list of those companies
at their website. A simple comparison of the list and John Kerry's tax return reveals a generous crossover of companies.

Medtronic, SBC Communications, Verizon, ExxonMobil, Intel, Microsoft, 3M, General Electric, Wyeth, Citigroup, Proctor and Gamble, American Express, Monsanto, Emerson Electric, AT&T, AT&T Wireless, Comcast, Pfizer, Equifax, IBM Johnson and Johnson, Oracle and others all hold a proud place on the senators tax return.

So does this mean that Kerry, as stockholder, and therefore part owner, of all of these companies is himself a "Benedict Arnold"? I would not say so, but according to Kerry's own language it appears that he might be.

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