Wednesday, September 26, 2012

Due Diligence -- Republican Style

In 2008, Republican Party gave us Sarah Palin as a Vice Presidential nominee. Later we learned that they had fumbled the vetting process. They failed to do their due-diligence. And here they go again.

There are procedures all competent businesses follow when they look for a new chief executive officer or to buy a company. It is a process any reasonable person is expected to due before they make an investment. It is called "due diligence." And is there any bigger investment by the citizens and tax payers of the United States than giving the office of the Presidency to some one?

There are many checklists out there that can be consulted to help the stockholders to use. One such example is from Go 4 Funding. One of the key areas of concern in voting for a politician is his tax returns: Who owns him/her? What and Who does she/he own? Where do his/her assets come from and how dare they managed? After all he will be acting for all of us, even when we disagree.

On tax matters, the general rules recommended include:
     Tax matters
        Federal, state, local, and foreign income tax returns for the last three years
        States sales tax returns for the last three years
        Employment tax filings for three years
        Excise tax filings for three years
        Any
            audit and revenue agency reports
            tax settlement documents for the last three years
            tax liens
So if we, the citizens, and alleged owner of this democracy, are going to make a selection of the CEO of the nation, this country, our company, called the United States of America, aren't we entitled to DEMAND that those applying for the job must provide us with FULL DISCLOSURE?

Isn't the alleged party of the establishment, the fiscal conservatives, the tea party, the moral majority obligated to vet their nominee before proposing him as their candidate. And, if their candidate can not or will comply to such a simple request to make full disclosure, shouldn't the Party find a candidate who can and will open his/her records for public inspection.

This is the person that the Republicans want us to turn over the keys to be BOMB and to our the national secrets, how do we know that he can't be blackmailed or that he will not sell those secrets to others to whom he is indebted?

Having failed in 2008 at finding a qualified VP candidate who could assume the office of Presidency, it now appears that the Republican party will repeat the process, this time for the BIG PRIZE.

It is the responsibility of the Republican party to vet their nominee by performing the due diligence that their presumptive nominee would have called for in any deal he was responsible for at Bain Capital. Are they going allow this when he appoints his cabinet? What are we going to be in for in 2013 with a government of crony capitalist?