Early this year I predicted: "It looks as if this [offshore] attack will be a staple of presidential politics as well."
That's unfortunately coming true, but the hypocrisy of those manufacturing this phony issue needs to be exposed for what it is. It's just a crass continuation of the traditional Left-wing class warfare that seeks to divide America to gain political power, (not that the Republicans are the great unifiers!).
In a December 13 Iowa debate, Hillary Clinton's chief rival for the Democratic nomination, Senator Barack Obama of Illinois, promised he would crack down on "corporate loopholes and tax savings, particularly those involving offshore transactions."
Obama joined the anti-offshore crowd earlier this year cosponsoring bills by fellow anti-tax haven senators such as Levin (D-MI) and Dorgan (D-ND). The radical legislation wrongfully paints offshore tax havens as nothing more then sinister places where Americans only go to evade taxes.
Forewarned is forearmed...and I repeat, now is the time to take advantage of banking, investment and residential opportunities offshore, while you still can - just as have Bill and Hillary, John Edwards and John and Teresa Kerry. See my blog right now for what the country's leading presidential candidates have been saying about the offshore world.