. >> he used to work in the cayman islands.ound familiar. >> you've got assets hidden there. >> we're not going to beat barack obama with some guy that has cayman island accounts. >> accounts where mit romney hides his money. >> you know the reputation of the cayman islands. >> people keep telling us, it's where rich people go to cheated on taxes. >> here is a building down on the cayman islands. >> over 12,000 businesses claim it's business. either this is largest building in the world or the largest tax scam. >> you hear it all over the news. >> it really isn't true. >> john: look at this gao report. irs says cayman officials provide all requested information in a timely manner. >> mitt romney pays taxes on all the money earned from this cayman entities, i would say it would be like pirate heaven, some pirate would go and steal all the money. >> that actually doesn't happen because the rules are understandable. >> john: our laws are so complex even regulators don't understand them. sec investigated bernie madoff six times but

. >> cayman islands? >> not a problem. >> swiss bank accounts? $10,000 bet? i like to fire people?> no. it's a shaggy dog story about an actual shaggy dog. apparently while on vacation old mitt strapped his mutt to the roof of his car for a brief 650-mile jaunt. so tonight we will explain what truly happened. now, sheamus, what did you think of being strapped to the roof of your dada's car? what's that? you liked being tied to the roof of the car? because it allowed you to see more of this great land of ours and it's wonderful natural resources? ripe for drilling and mining and exploiting. anyway. >> wow. that's one way to commemorate the low lights of the campaign by romney. >>> also it's officially crunch time for get out to vote initiatives. here is actor steve carell's final pitch to encourage his fans to head to the polls. >> why are you taking such an attitude with me? why are you yelling at me? i don't think you should be yelled at to vote. you should want to vote. well, i actually have billions of young fans, not millions. and why do i think they should all vote? without pu

we are the cayman islands.of investment opportunities available in the cayman islands. >> in other words, it's a perfect place to hide your money. something the governor knows all about. romney's invested as much as $8 million in funds on the island with another multimillion dollar base there. and his old company bain has set up nearly 140 secret offshore funds in this tropical paradise. governor romney, did you think you could sweep all that under the are rug before election day? nice try, governor. but president bush, he got you. a cup of joe is a sedan. a cup of johan is a 600 horsepower sports coupe that likes to hug curves. ♪ your curves. smooth, rich, never bitter, gevalia. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now

but the cayman islands, really? would have been more subtle to send them to visit m r

he's in the cayman islands, not welcome news if you're mitt romney and have money stashed down there.ht bush is the keynote speaker at something called the cayman alternative investment summit. according to the summit website, institutional investors, private investors, asset allocators, fund managers, academics will benefit from the discussion on the future of the industry. it costs 4,000 bucks to attend. we wish we had more details to share with you, but organizers have been forbidden to disclose the information. in fact, a spokesman for the summit told "the associated press" organizers are forbidden to be talking about any aspect of the speech, even in general terms. quote, we've got a complete blackout on discussing the bush details. gosh, that sounds familiar, doesn't it? those restrictions were imposed by the former president's staff. well, some things never change. this is an admission that the gop brand is, what? it's severely damaged. the republicans don't even have a former president that can effectively campaign for the republican nominee or the party platform? why? let's t

but the cayman islands, really?

bush delivered the keynote address at the cayman alternative investment summit the cayman islands so given last night's election result is it fair to guess that mitt romney will be the keynote speaker there next year neal. you know this is whatever i think this proves at this point that like bush like not only did he say that he's staying out of the election he like totally ignorant of the optics of like a pall of what's going on in the election so much call him and tell him about the one last night. i think that romney will definitely be the keynote speaker next year but it won't because we cannot speak should be called an inaugural address i see. romney of the plane does that the periodically go visit his money and i think either of the romney campaign he never heard of the cayman islands he has no idea what you're talking or you go neal tell me vince thank you very much for things. raziel or i'd like one space burger bully is so what happens when a group of friends from harvard university gets bored one afternoon my hamburger gets launched into space of course that's right late la

outsourcing, bain patel, taxes, cayman islands -- bain capit al, since, cayman islands. they beat him over the head with it. when he got the left after the first debate, he probably went up in all 50 states, but he moved up slower in those six or 8 states where the obama ads had beaten his brains out. at the end of the day, that is what made the difference. the cold numbers the republicans are going to have to look at and think about is the demographics. who voted? the country is changing and they have got to change. we will see as they progress through the denial and all of these other things until they get to a point and step forward. if i were the republican party, reince priebus is a terrific operative. he is an effective national cheer. to be honest, i think the republican party -- there is a time when parties need a haley barbour. they need some large stature and person, someone -- large- statured person, someone who has the stature who can move the party along on a sustainable immigration policy for the party. how to hit the pitch right on social, cultural issues,

shoes in hanoi, shift them to america and sold them for tax purposes you can take them to the cayman islandsbecause use of a paper company and then to yourself and america you pay no taxes in america or hanoi you put your money in the cayman islands where you pay no taxes. they would say do it any way you want we don't care but economically they need this and you have to pay tax on that. if we did that we could lower tax rates and eliminate the unfairness of the multinationals over domestic companies. that's mostly the mom and pop's the people like me who have a little business. that would be an important reform. >> host: let's go through some of the other solutions you brought to be covered with consumers can do to really explain that a little bit more. people should get active in their communities -- >> guest: we should write brief letters to the editor, called a radio shows. it's a good idea if people would coordinate and say here's a question we want to ask your congressmen when they try to dodge say you didn't answer that and -- >> host: members of congress? >> guest: yeah some of them

. >> cayman islands? >> not a problem. >> swiss bank accounts? $10,000 bet? i like to fire people?'s a shaggy dog story about an actual shaggy dog. apparently while on vacation old mitt strapped his mutt to the roof of his car for a brief 650-mile jaunt. so tonight we will explain what truly happened. now, seamus, what did you think of being strapped to the roof of your dada's car? what's that? you liked being tied to the roof of the car? because it allowed you to see more of this great land of ours and it's wonderful natural resources? ripe for drilling and mining and exploiting. anyway. >> wow. that's one way to commemorate the low lights of the campaign by romney. >>> also, it's officially crunch time for get out the vote initiatives. here is actor steve carell's final pitch to encourage his fans to head to the polls. >> why are you taking such an attitude with me? why are you yelling at me? i don't think you should be yelled at to vote. you should want to vote. well, i actually have billions of young fans, not millions. and why do i think they should all vote? without putting t

he just needs to get switzerland, the cayman islands and the secret state only republicans can see whitesylvania, he'll get there, he'll get there. (cheers and applause) >> he's not going to get there. it is really over. >> stephen: let me tell you, here's what i, obviously we're on the difference side of the political spectrum here. what i like about your show. what i respect is you deconstruct the news and i put the day's news like parts on a lawn, like of a car. and then you go all the parts of the engine that is roaring through the news right now. but then you reconstruct those pieces into a conservative dream killing machine. >> i don't want-- i don't want to kill anybody's dream but i-- but i do feel like there's an important role to play in disabusing people of their fantasies that do not comport with what is going on in the real world. >> stephen: last night did you do an end zone dance. did you a nine minute look at what the democrats won last night. is that what the next four years are going to be? no olive branch or if it isn't an olive branch it is a stick in the eye of guys like me?

forget the cayman islands and the swiss bank accounts. that did change the race. frank bruni of "the new york times" made a telling point -- the first debate was important because it may president obama more truculent in the next debates, and he overcompensated for his miserable performance in the first debate trying to catch up. >> a parolee michael bloomberg did not care about the debates but he did care about -- apparently michael bloomberg did not care about the debates but he did care about sandy and he gave the president his endorsement. >> the reason he gave the endorsement was climate change, which he sees as an important issue and at least the president has taken note of it and that has not happened on the other side. >> bloomberg is a popular guy in the east, but in other quarters he is not. the angry white males -- the question is, are the angry white males going to come out and save romney? bloomberg does not help obama with that crowd. >> i disagree. i think mayor bloomberg is a big help with the very important constituency of gun control, a gay-right

that is the summit where the world's leader regulators in the cayman islands are getting together to future of off-shore investing. tonight's key note speaker is president bush. on that same day, five days before the election the last republican president is in the cayman islands presumably getting paid a ton of money. know anybody who has done that? no

. >> jon: this is because of capital gains and the cayman islands. >> the whole works. >> jon: and bagsat are kept dangling. (laughter) >> you're getting warm. >> jon: exactly. what then about the argument where they say that's double taxation if you do capital gains and that will hurt investment. this is clearly something you also have to deal with at the magazine. >> well, we hope so, double taxation. >> jon: but is that a valid -- >> well, if somebody out there is making $70,000 a year at whatever their job they're paying income tax and payroll taxes. they're getting taxed twice, too. and in my own case i paid a very low rate in 2009 which i wrote about. practically all my capital gains came from bond, there was no double taxation there. >> jon: they're saying that unless the rich can pay less they won't invest in companies and america. that the job creators must be -- and we should also get them -- i guess it's called feather beds. (laughter) >> i'll do this. i'll call you at 1:00 tonight and i will tell you, "jon, i've got the best idea i've ever had, i'm going to put every penny i

pennsylvania avenue and wall street, the republicans chose an investment banker, a private equity, a cayman islands, a swiss bank accounts, by and for clothes businesses. at a time when you needed a chris christie, a guy who will have a shot and a beer with you, and talk to people to get their rent money together, but mitt romney was not it. all of this admirable qualities and his gracious concession speech -- >> chris christie is not exactly the guy you want to raise after this election, the bear hug for obama. some people might have called that a lot dance. that is extremely disturbing. i do not want that image in my mind. he will be quarantined for a couple of months. i agree with mark. obama ran a brilliant campaign. he did not have a record. and he succeeded. he did extremely well. and he is right. i would say mitt romney is a good and decent man and who -- would have made a good president. he was not a good campaigner. i think he was weakened by the republican primaries, weakened by the 47%, and in the end he had really bad luck. a week before the election he was ahead in just about all the p

and send them to practice -- [laughter] he became reasonable, intelligent, poised, forget the cayman islands and the swiss bank accounts. frank bruni of "the new york times" made a telling point -- the first debate was important because it may president obama in the next two debates more truculent than is ordinarily his norm, and he overcompensated for his miserable performance in the first debate trying to catch up. >> apparently new york mayor michael bloomberg did not care much about the debates, but he did care about sandy and he endorsed the president. how much traction does that give him in the battle ground states? >> i am not sure it does. it was interesting, the reasons he gave before the endorsement, the unmentioned topic in the campaign, climate change, which he says that at least the president is taking note of and it is not happening on the other side. >> bloomberg is a popular guy in the east, but in other corners he is not. the angry white males -- the question is, are the angry white males going to come out of the woods -- [laughter] and save romney? are they going to desert

and hanoi, shipped them in america and sold them and for tax purposes take your profits to the cayman islands because you sold it to the company and resold it to yourself in america you pay no taxes in america or in hanoi you put it in the cayman islands where you pay no taxes. for the single company they would say do you want we don't care but economically they made this profit and you have to pay tax on it. we could lower tax rates, we could eliminate the unfairness of the multinationals over domestic companies that's mostly the mom-and-pop who have a little business that would be a big important reform, single company accounting. >> host: let's go through some of the other solutions that you pretty much covered what can consumers do and maybe just explain that a little bit more you think people should get active in the community. what were some of the others? >> guest: we should write to the editor, called a radio shows. it's a good idea of people with courtenay dancing is a question we want to ask our congressmen show up at the hearings and start asking questions and then they try to dodg

patience no taxes in america, pay no taxes in hanoi, put your money in the cayman islands where you pay no taxes. if we had sicking company can'tingow could say do it any way you wouldn't but you made this prove and you have to pay a tax on it. with we did that west could lower tax rate, eliminate the unfairness of the multinational0s if domestic companies, the mom and pop, people like me, miami -- people way above me who have a little business. that would be a big important reform, single company accounting. >> host: let's go to just some of the other solutions that you brought up. pretty much covered, what consumers can do, maybe just to explain that a it's built more you do think people should get very active in the communities, write letters to the editor. >> guest: wright brief cogent letters to the editor, call radio show, a good idea if people would coordinate and say here's a question we want to ask our congressman, show up at hearings and start asking questions and when they try to dodge it say, wait a second, you didn't answer that. >> members of congress? >> guest: when t