Bob Cusack, Ana Marie Cox and Ramesh Ponnuru join Howard Kurtz to discuss conservative pundits calling for Romney to release his tax records.
Now more than ever, the press is a part of every story it covers. And CNN's "Reliable Sources" is one of television's only regular programs to examine how journalists do their jobs and how the media affect the stories they cover. Host Howard Kurtz is the nation's premier media critic, and each week he questions print reporters, television correspondents and Internet bloggers about how the press is covering the major stories of the week.
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Speculating about why Mitt Romney will not release more tax returns is not pure, unadulterated speculation. It is not likely he is refusing because there is information in his returns that will help him politically. And it is not wrong to speculate when that is all we can do regarding a man who, after all, wants to be president.
The British newspaper "The Guardian" printed an article today about how much money the global rich have hidden in offshore bank accounts to avoid the taxman and the total is simply staggering. The report, complied on behalf of the Tax Justice Network by noted economist James Henry, estimates that $21 trillion dollars is held in offshore accounts - as much as the US and Japan's GDP's put together. The report says that the money is leaked out of scores of countries into offshore accounts "...protected by a highly paid, industrious bevy of professional enablers in the private banking, legal, accounting and investment industries taking advantage of the increasingly borderless, frictionless global economy," such as UBS, Credit Suisse, and Goldman Sachs, etc. who now manage more that $6 trillion in private investment.
Worst political monemt of Romney's career ever. Boehner is the man of the hour for getting the concessions that he did. Romney was mostly absent during this whole fiasco, and now he comes in and arm chair quarter backs. Talk is cheap Mr. Romney. But you weren't there, and all you have is your empty rhetoric. It is a really awful field of candidates when you are the best we have.