Dem Chair Wasserman Schultz Outsourced Money to Swiss Banks, India

Dem Chair Wasserman Schultz Outsourced Money to Swiss Banks, India

Please excuse the loose use of the term “outsource” in my headline. But now that the Washington Post, BuzzFeed Politics, and Barack Obama have defined outsourcing as “Something Romney never did but is guilty of anyway,” I wanted to get in the spirit of things. 

Democratic National Committee chair Debbie Wasserman Schultz has been running around for a few days now sliming up the airwaves with smears and innuendo that started with this article written by Vanity Fair’s Nicholas Shaxson, a bigtime leftist and Occupy supporter. Essentially, the Wasserman Schultz talking point has been: “We don’t know what Romney’s hiding in his shady finances so we need to find out.”

Really, Debbie? Well, we don’t know if you tortured small animals on-camera, and until you release all of your home movies we won’t know.

Obviously, in her desire to help our frantic and increasingly erratic President save his sorry self,  Wasserman Schultz forgot her own record when it comes to offshoring money with the Swiss:

[D]isclosure forms reveal that in 2010, Wasserman Schultz invested between $1,001-$15,000 in a 401k retirement fund run by Davis Financial Fund. As the fund discloses, it is invested in the Julius Baer Group Ltd. and the State Bank of India GDR Ltd., as well as other financial, insurance, bank institutions.

“The Julius Baer Group is the leading Swiss private banking group, focusing exclusively on the demands of sophisticated private clients, family offices and external asset managers from around the world,” its website explains. “Bank Julius Baer is the principal operating company of the Julius Baer Group, with origins dating back to 1890. The rich Swiss heritage becomes manifest in the values for which the Bank stands, e.g. trustworthiness, accountability, discretion and expertise. However, at the same time Julius Baer is a modern, forward-looking company at the leading edge of a genuine growth industry.”  

Similarly, according to disclosure forms from 2004, Wasserman Schultz had holdings in the Fidelity Advisor Overseas Fund. That fund is invested in 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.

Wasserman Schultz also obviously forgot about New Media. After decades of Democrats counting on the mainstream media to cover up and downplay inconvenient facts such as these, you can understand how that might happen.

I don’t know about you, but I can’t wait for Wasserman Schultz’s next appearance on Fox News. After all, we know no one at CNN, ABC, NBC, CBS, Politico, or the Washington Post will ever talk about this. Obama’s failing, and the only thing that can save him is The Narrative. — and this kills The Narrative.

By the way, is Barack Obama still snorting cocaine? We won’t know until he agrees to a blood test, will we?


Follow  John Nolte on Twitter @NolteNC


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