How Republicans overhype the findings of their Hunter Biden probe

"We've identified about 20-plus shell companies that the Bidens have created to launder the money they were receiving from foreign nationals down to their personal bank account."

- Rep. James Comer (R-Ky.), chairman of the House Oversight Committee, interview on Fox Business, May 11

Comer often suggests that the Biden family used these so-called shell companies to launder money; in his telling, such companies served no legitimate function. But that claim is undercut by the list of 21 companies that appear in the second staff memo.

Virtually all of the companies (many of which now are defunct) had legitimate business interests. Others had clearly identified business investments[Each one explained in detail in the hyperlinked article]. Digging through the records, we find only three whose business purpose remains vague; one (Rosemont Seneca Global Risk Services, LLC) may not even be related to Hunter Biden, according to an email found in Hunter Biden's laptop. The memos do not list any payments that flowed through these three companies.

Hunter Biden's decision to pursue business deals that at the time overlapped with his father's policy brief as vice president was ill-advised and has caused political headaches for his father. Republicans are pursuing the case with vigor, but Comer undercuts the findings of his investigation by hyping what has been found. He claims there were more than 20 "shell companies," but upon inspection most of the companies named had legitimate business transactions or investments. He claims the Bidens received more than $20 million from foreign sources, leaving off the caveat in the staff reports that two-thirds of the payments went to Hunter Biden's business partners.

Comer would have more credibility if he stuck to documented facts - such as saying precisely that Hunter Biden received $7 million from foreign sources. He earns Three Pinocchios.

We had a thread for 48 hours about what a complete POS James Comer is and his overhyping of otherwise benign information and of course we find the same idiots back today regurgitating the same pablum.