Mitt Romney Explains Why He Has a Swiss Bank Account

Democratic leaders have pounced on Mitt Romney for being the first presidential candidate in history with a Swiss bank account.

Many have called the 65-year old’s decision to keep his money overseas “un-American,” but Romney says it’s actually President Obama whose loyalty lies with Switzerland.

“Barack once told CNN that his favorite sandwich was ‘Turkey and Swiss‘,” the former Massachusetts governor told OMGG.com. “I wouldn’t be surprised if that traitor wore a Swatch in the 80s.”

The Republican wants to make it clear that he doesn’t keeps millions hidden in a tax-haven nation to avoid paying his fair share to Uncle Sam.

“I paid hundreds of dollars in taxes last year alone,” Romney points out. “In fact, the only reason I keep most of my cash in a Swiss bank account is because the ATM fees are lower.”