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The Questions for Perot about McCain and Gambling

 
 
Reply Mon 29 Sep, 2008 01:02 pm
September 29, 2008
The Questions for Perot about McCain and Gambling
by Gerald Posner

Yesterday's New York Times front-page investigative story about John McCain's long time ties to the nation's gambling industry ("For McCain and Team, a Host of Ties to Gambling"), jogged my memory about an unsettling bit of information I was given by Ross Perot in 1995.

In November 1995, my wife and fellow author, Trisha, and I, interviewed Perot for several days for an unauthorized biography (Citizen Perot: His Life & Times, Random House, 1996). During one of our conversations, outside of the 'on the record' taped interviews, Perot discussed with us how he had utilized private investigators to uncover information about other people. Perot never used, from what I could determine, any of the personal details he assembled about others. Rather, he was merely a collector of information, never knowing when it might come in useful.

I discussed this with my editor, Bob Loomis. Without independent reporting, much of it was no more than informed gossip. Perot had passed along personal details about Barbara Walters family, Clinton chief of staff Leon Penneta, and business tycoon Peter Ueberroth, someone Perot had seriously considered as a vice-presidential candidate in his own 1992 presidential run.

From our interviews with Perot about the Vietnam POW/MIA issue, it was clear there was no love lost between Perot and a number of public officials who opposed his efforts to keep looking for soldiers he believed had been left behind and were alive. On Perot's most disliked list was George Herbert Bush, who as Reagan's vice-president had shut the door to any further government probe on the matter. Richard Armitage, George W. Bush's ex-deputy Secretary of State, had earned Perot's eternal animosity because of his conclusion that there were no MIAs left in Southeast Asia. And the final person to earn Perot's enmity was John McCain, who as a decorated war hero, and then Senator, had also closed the door to any further MIA investigations.

Bob Loomis and I decided that I should not report Perot's personal details about these men and women, with two exceptions. Regarding Ueberroth, I wrote in Citizen Perot that one Perot campaign insider had concluded that "Ueberroth was the perfect match," but that "Perot and Mort Meyerson (Perot's top business executive at EDS) personally made inquiries about him and eventually opted for a stand-in candidate."

And as for Armitage, Perot's information was so detailed, including even surveillance photos of Armitage in supposedly compromising situations, I did report it. And Armitage was generous in giving me extensive interviews that helped explain the background and put into context Perot's one man war on him.

I am only reporting now Perot's rumor/information about McCain because of today's New York Times story. Perot told me that McCain had a gambling problem and he had uncovered details that McCain was bailed out in the late 1980s from a big gambling debt by his wife, Cindy.

If true, it raises a question as to whether McCain's gambling might ever have put him in a situation where he was pressed to repay his debt through Senatorial favors.

An enterprising reporter has to ask Ross Perot if he will acknowledge what he shared with me 14 years ago, and if so, if he will now provide the evidence to back up the assertion. Perot hasn't talked to me since I published my unauthorized biography, so unfortunately, I am not the person to ask. And some reporter should ask McCain, directly, if he has ever had a gambling debt that his wife had to pay off. American voters have a right to know.
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BumbleBeeBoogie
 
  2  
Reply Mon 29 Sep, 2008 01:12 pm
@BumbleBeeBoogie,
"For McCain and Team, a Host of Ties to Gambling" quoted in article above:
http://www.nytimes.com/2008/09/28/us/politics/28gambling-web.html?scp=1&sq=For%20McCain%20and%20Team,%20a%20Host%20of%20Ties%20to%20Gambling&st=cse
cicerone imposter
 
  2  
Reply Mon 29 Sep, 2008 01:20 pm
@BumbleBeeBoogie,
Gambler McCain? Well, that's plausible now that I've given it some thought; just look at all the diversions and rhetoric of the past several weeks to win this election. Most times he's already lost, and he's still at it. He's an addicted one at that. Now it's desperation time, because of the polls tells him so. What's next? It'll be a doozy!
cicerone imposter
 
  1  
Reply Mon 29 Sep, 2008 02:31 pm
@cicerone imposter,
When "777" is bad luck:
DJIA -777.68 [/color]

The biggest drop in history.
0 Replies
 
BumbleBeeBoogie
 
  1  
Reply Tue 30 Sep, 2008 08:44 am
@cicerone imposter,
I wonder if there is any legal trap if Ross Perot were to release the evidence he collected?

BBB
BumbleBeeBoogie
 
  1  
Reply Tue 30 Sep, 2008 09:53 am
@BumbleBeeBoogie,
The Dice Thrower Vs. The Poker Player
by Jed Lewison - Huffingtonpost
September 29, 2008

Barack Obama, earlier today in Colorado, raising John McCain's penchant for casino gambling for the first time:

I read the other day that Senator McCain likes to gamble. He likes to roll those dice. And that's okay, I enjoy -- making a confession here, I enjoy a little friendly game of poker myself once in a while, but the one thing I know is this: we can't afford to gamble on four more years of the same disastrous economic polices that we've had had the last eight.

Something tells me McCain's staff ought to let him go back to playing craps -- I think they'd rather have him gamble with Cindy McCain's money than what he's doing, which is gambling with his chances of getting elected president.

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BumbleBeeBoogie
 
  1  
Reply Sun 5 Oct, 2008 09:44 am
@BumbleBeeBoogie,
Martha MillerPosted October 3, 2008
Huffington Post
McCain's Tax Returns Hide Gambling

Senator John McCain is a gambler. If I'd known that right away I would have immediately seen what was wrong with his tax returns.

I am a tax attorney, so a tax return means more to me than it would to most. I reviewed McCain's tax returns as a basic check on the candidates. You can look at McCain's 2006 and 2007 tax returns for yourself. The tax returns are below a lot of verbiage about his charitable activities.

According to a New York Times article of September 27, 2008 "For McCain and Team, a Host of Ties to Gambling," reported by Jo Becker and Don VanNatta Jr., McCain gambled at the MGM Grand in May 2007.

Apparently McCain is a habitual gambler; he usually plays craps. He even says, "I am a gambling man."

Gambling has tax implications. According to IRS Publication 17, "Your Federal Income Tax", 2007 edition, page 89 "Gambling Winnings. You must include your gambling winnings in income on Form 1040, line 21. If you itemize your deductions on Schedule A (Form 1040), you can deduct gambling losses you had during the year, but only up to the amount of your winnings." In other words, you can't subtract your losses from your winnings and just not report. You have to report the winnings, and then claim the losses.

But McCain's tax returns say nothing about gambling winnings or losses.

As a casino gambler, McCain is likely to have lost more than he won. But by not reporting his winnings, the different percentage calculations built into the tax calculation are thrown off, and if he gambled much at all, he has underpaid his tax. The amount of understatement of tax may be minimal, but that's not the point.

The real purpose of preparing his tax return and omitting the gambling winnings is so that people would not know how much he gambled. If he won $200,000 playing craps in Las Vegas, it would make a difference in the way voters viewed his suitability as a presidential candidate.

There are circumstances under which the tax returns could be correct, such as McCain gambled once in 2007, not at all in 2006, and lost everything the one time he gambled. Such an explanation is unlikely in light of McCain's alleged long history of gambling.

I think we are looking at tax returns calculated to hide an aspect of the candidate. My 35 years of experience in taxes tells me these tax returns are wrong, and we do not know the true scope of McCain's gambling or of his potential obligations to gambling enterprises.
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