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The Way Things Are

I know I just linked to David S. Bernstein a couple of days ago, but his note on Zide-Stepping Disclosure? is excellent. It is based on research by Michael Isikoff for a story called Firm gives $1 million to pro-Romney group, then dissolves about, well, about a company that was formed in March, donated One Meeeelion Dollars! to Mitt Romney’s Restore Our Future super-PoliticalActionCommittee and then dissolved in July. Nobody knows, or needs to report, where that company got the bucks; nobody made the donation, but the money is there anyway.

Oh, and by the way, Mr. Bernstein points out that they gave a million bucks by the end of June, and may well have given another million on July 1; the PAC doesn’t need to report that until October. By which time Your Humble Blogger, at any rate, will have forgotten about the whole thing.

You see, it would never, not ever, have occurred to me to form a company and dissolve it three months later, it having completed its purpose. But of course Mitt Romney’s friends in venture capital think that way—as a friend of mine pointed out, they probably do this sort of thing to make a million dollars all the time, so when it came time to spend a million dollars, the idea was not new.

Tolerabimus quod tolerare debemus,

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