His Plan to Enlarge Naval Power
Mitt Romney says he will give the yacht Cracker Bay to the Navy to “kick-start” rebuilding of the fleet. “When I become the Commander-In-Chief, I will rebuild the Navy on the second day.” (On the first day he has committed to deal with Chinese currency manipulators.)
The Cracker Bay is the yacht where the thank-you party for his top donors was held during the Republican convention in Tampa. A super-size yacht, it has room for a large military crew and equipment. The Romney friend who owns it was persuaded to be the first CEO yacht-giver.
Romney sprinkled his comments with military talk. He referred to the plan as “YFTN,” Navy shorthand for Yachts For The Navy. Unlike recent Romney plans, he gave details:
Give-A-Yacht: “I will personally urge CEOs to give large yachts to the Navy. I’ve been on a lot of those yachts, so I have made a little list.” In addition to the patriotism part, there is a 150% cost-of-yacht tax break.
Retrofit: “Deck chairs and other civilian stuff will be removed for installation of modern weapons and stuff for military ops. The retrofit work will also create civilian jobs.”
Reflag: The Cracker Bay is registered in the Cayman Islands to avoid bothersome regulations imposed by American registry. Romney said, “Flying the American flag alongside the Caymans’ flag will be as easy as storing money in the Caymans.” Romney frequently travels to the Caymans to visit money he and Bain Capital store there.
Yacht Carriers: Part of Romney’s proposed $2 trillion increase in defense spending will go to design and building of 4 yacht carriers to move militarized yachts. “Aircraft carriers are no good for deploying yachts.”
Mission: “The yachts will be ready for catch-and-destroy missions against pirates threatening American states off the waters of Florida, Arizona, Virginia and Ohio.”