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DNC chair invested in Swiss banks and foreign companies

Somehow, Democratic National Committee chair Rep. Debbie Wasserman-Schultz (D-FL) became the Party’s designated inquisitor in the matters of Mitt Romney’s tax returns and Swiss bank accounts.  Hilarity ensued when a Boston reporter pointed out to Wasserman-Schultz that she refuses to release her own tax returns:

http://www.youtube.com/v/lGKurJs40bo?version=3&hl=en_US

And now the Weekly Standard reveals that Wasserman-Schultz had investments in… you guessed it… Swiss banks, through a 401(k) retirement fund.  She also had money in a fund that invested in various foreign companies, including “HSBC bank (a British financial institution), Hengdeli Holdings (a Hong Kong watch company), Novo Nordisk (a Danish drug company), Volkswagen (a German auto company), Rakuten (a Japanese shipping business), Richemont Cie Financiere (a Swiss luxury goods company), and many others.”

There’s nothing wrong with any of these investments… unless you happen to take seriously a single word uttered by Debbie Wasserman-Schultz, Barack Obama, and other Democrats who bleat about foreign investments and “outsourcing.”

The DNC chair just became profoundly unhelpful to a narrative the Obama campaign has been betting heavily upon, but it was always a silly narrative, unsuitable for a nation that seeks dynamic growth in a complex world economy.  The last thing Obama’s stagnant economy needs is more commissars telling us which investments are politically acceptable.

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archive

DNC chair invested in Swiss banks and foreign companies

Somehow, Democratic National Committee chair Rep. Debbie Wasserman-Schultz (D-FL) became the Party??s designated inquisitor in the matters of Mitt Romney??s tax returns and Swiss bank accounts.  Hilarity ensued when a Boston reporter pointed out to Wasserman-Schultz that she refuses to release her own tax returns:

And now the Weekly Standard reveals that Wasserman-Schultz had investments in? you guessed it? Swiss banks, through a 401(k) retirement fund.  She also had money in a fund that invested in various foreign companies, including ??HSBC bank (a British financial institution), Hengdeli Holdings (a Hong Kong watch company), Novo Nordisk (a Danish drug company), Volkswagen (a German auto company), Rakuten (a Japanese shipping business), Richemont Cie Financiere (a Swiss luxury goods company), and many others.?

There??s nothing wrong with any of these investments? unless you happen to take seriously a single word uttered by Debbie Wasserman-Schultz, Barack Obama, and other Democrats who bleat about foreign investments and ??outsourcing.?

The DNC chair just became profoundly unhelpful to a narrative the Obama campaign has been betting heavily upon, but it was always a silly narrative, unsuitable for a nation that seeks dynamic growth in a complex world economy.  The last thing Obama??s stagnant economy needs is more commissars telling us which investments are politically acceptable.

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Written By

John Hayward began his blogging career as a guest writer at Hot Air under the pen name "Doctor Zero," producing a collection of essays entitled Doctor Zero: Year One. He is a great admirer of free-market thinkers such as Arthur Laffer, Milton Friedman, and Thomas Sowell. He writes both political and cultural commentary, including book and movie reviews. An avid fan of horror and fantasy fiction, he has produced an e-book collection of short horror stories entitled Persistent Dread. John is a former staff writer for Human Events. He is a regular guest on the Rusty Humphries radio show, and has appeared on numerous other local and national radio programs, including G. Gordon Liddy, BattleLine, and Dennis Miller.

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