Romney faces new Bain Capital problems

[hadit]

We know first hand what his attitude is about our constitution, and it's been validated by the Court as first-rate, as some of us have been trying to get across since day one.

1. We do indeed know what his attitude is today, as he just left it in the bathroom when he came out.
2. As I asked you before, since he swore up and down there were no taxes in ObamaTax and the court said there had to be for it to be constitutional, is the president a smart liar or a dumb truth-teller?

The McCain hearings were for effect, since McCain was born outside our borders. There was no real question of his citizenship or eligibility. Since Obama was born within our borders, there was no reason for such theater.

Oh, so the democrats were hounding him for no reason other than to waste taxpayer money (didn't you just recently posted how much the hearings on F&F cost?) to make cheap partisan points?

But let's get back to Bain Capital, even if it's a sore point.

Sure, go right ahead. It's going away soon, so you'd better complain now, while some people are trying to care.

[Chachma v'Oz]

The Dems, as usual, covered all the bases. It was a successful endeavor, accomplished its purpose, and McCain gave Obama a good race.

At least until his gross lapse in judgement, called Sarah Palin.

But back to what is now being called The Bain Lie:

“Romney has tried to distance himself from this period in Bain's history, saying on financial disclosure forms he had no active role in Bain as of February 1999,” according to the Detroit Free Press. “But at least three times since then, Bain listed Romney as the company's 'controlling person,' as well as its 'sole shareholder, sole director, chief executive officer and president.' And one of those documents — as late as February 2001 — lists Romney's 'principal occupation' as Bain's managing director.”

Romney was left speechless when Obama gave the kids of illegal immigrants a respite from deportation concerns, he lost what little wind his campaign had in its sails when the SC upheld the national version of his MA health care program, so we're wondering how he's going to explain away The Bain Lie.

What with him running for president and all, it seems reasonable for him to be forthcoming and address his executive record, doncha think?

[Hyperbully]

[caddis]

No, you don't have it right.



In addition to Romney's own words:

"[T]here were a number of social trips and business trips that brought me back to Massachusetts, board meetings, Thanksgiving and so forth," he said.

This is Romney's sworn testimony during a hearing on whether or not Romney had the residency status required to run for governor of Massachusetts. Of course, Romney could shed further light into the matter by being more transparent. Maybe it's all just dozens of misunderstandings.



He certainly made a conscious decision not to sever ties with Bain in 1999, which he could very well have done.

Dude, stop parroting the tripe you get from your Obama-rod-sucking-partners. No where does it mention board meetings WITH BAIN. Nor have you yet provided any evidence that he played any ACTIVE roll at BAIN durng that time.

[caddis]

If only Bush raised taxes during a time of war, rather than blow a hole in the fucking deficit the size of Rush Limbaugh, we'd have some wiggle room. However, it is conservative doctrine to run up the bill and skip out on the check, so par for the course.

You're fucking cluless and the pretty little chart you posted demonstrates it. Tax cuts have nothing to do with this or any deficit spending....ENTITLEMENTS and entitlements alone are responsible for the uncecked spending. All your King has done has been to give us one more large entitlement (Obamacare) to pay for

[Hyperbully]

http://www.huffingtonpost.com/justin...b_1671538.html

The only thing Mitt Romney can't hide anymore is that he's hiding something.

...

In the 1960s, when Mitt Romney's father ran for president, he released 12 years of tax returns, proclaiming: "one year could be a fluke, perhaps done for show." President Obama has released a decade of returns. But Romney has only released his 2010 return, with a promise to release 2011 when it's ready. So what is he hiding?

...

When Romney vied to become John McCain's running mate in 2008, and was considered by many to be a favorite to join the ticket, he provided the McCain campaign with 23 years of his returns. Call it coincidence, but McCain then passed over Romney and picked Sarah Palin instead.

...

A veil of secrecy about taxes should not conceal from voters the real choice they are making this election: the choice between a candidate running for President of the 1% versus a candidate for President of the United States. Mitt Romney, put your money where your mouth is and release your tax returns!

[Hyperbully]

Dude, stop parroting the tripe you get from your Obama-rod-sucking-partners. No where does it mention board meetings WITH BAIN. Nor have you yet provided any evidence that he played any ACTIVE roll at BAIN durng that time.

“Romney said he will stay on as a part-timer with Bain, providing input on investment and key personnel decisions. But he will leave running day-to-day operations to Bain's executive committee.” (Greg Gatlin, “Romney Looks To Restore Olympic Pride,” The Boston Herald, 2/12/99)

[Chachma v'Oz]

The interest lies in what he did at Bain, not in what he said he intended to do.

[Hyperbully]

The problem is that unless there's some huge conspiracy dating back to 1999, Romney has been caught outright lying as recently as today. Just admit it, suck it up, take your lumps and move on. Oh yeah, and release your tax returns for at least the past 12 years. Like your father did.

[Hyperbully]

http://www.slate.com/blogs/weigel/20...ng_story_.html

Here's another contradiction that will only muddy the question of when Mitt Romney actually left an active role with Bain Capital.

On Thursday, The Huffington Post obtained June 2002 testimony from Romney in which he explained his role with Bain Capital after leaving to run the Olympics:

"There were a number of social trips and business trips that brought me back to Massachusetts, board meetings, Thanksgiving and so forth," Romney said.

Now, here's what he told CBS' Jan Crawford Friday night, as part of a round of interviews battling back on Bain (the key part is bolded):

CRAWFORD: If I could then talk about before you left in 1999, Bain did invest in a series of companies that did expand overseas, sometimes at the expense of American workers -- are you responsible for those decisions?

GOV. ROMNEY: Well I'm not sure which ones you're talking about, but I can tell you the people who have looked at the charges that the Obama campaign comes out with, which is that somehow we outsourced jobs, they've said that those were false and misleading. That the ads are inaccurate. Some have given it multiple Pinocchios. The president keeps on trying to divert any attention he can from his failure to turn around the American economy, and that's what this campaign's about. But the president keeps on trying to find something about Bain which is simply not true. And I left Bain in February of 1999. People can point out how - I was in Salt Lake City for three straight years. I don't recall even coming back once to go to a Bain or management meeting. We were, I was out there running the Olympics and it was a full time job, I can tell you that.

That's a direct contradiction. Moreover, the claim that he spent "three straight years" in Salt Lake City is a little shaky. He talked about multiple trips to Washington in his book on the Olympics, called "Turnaround."

[Chachma v'Oz]

Romney's Clear-as-Mud Bain Explanation

Mitt Romney gave a round of television interviews late Friday in an attempt to beat back the escalating firestorm over when he actually stopped running Bain Capital, a sign his campaign was reluctantly acknowledging the potential political damage from the issue. But despite getting asked more or less the same question by interviewers from ABC, CBS, CNN, Fox News and NBC, Romney didn't have a simple answer as to what his role at Bain was between 1999 and 2002. Take this passage from his interview with CBS's Jan Crawford:

CRAWFORD: But you were the sole owner? I mean, how should we be thinking about this? What was your role? You were the sole owner until 2002?

ROMNEY: I was the owner of a, of the general partnership but there were investors which included pension funds and various entities of all kinds that owned the, if you will, the investments of the firm. But I was the owner of an entity which was a management entity. That entity was one which I had ownership of until the time of the retirement program was put in place. But I had no responsibility whatsoever after February of '99 for the management or ownership - management, rather, of Bain Capital.

http://www.theatlantic.com/politics/...nation/259834/

Somebody please, please toss this man a lifesaver. He's drowning in a swamp of his own creation. "Oh, what a tangled web we weave,.."

[Hyperbully]

http://mormondiscussions.com/phpBB3/...p?f=5&p=611968

Lying on a Presidential Financial Disclosure statement is a felony. Even his wife Ann, seems confused. If Romney left Bain for good in Feb. of 1999, why would she make this comment:

“The [Olympics] project is running smoothly now, though still requiring so much of Mitt Romney’s time that he has had to lessen his involvement with Bain Capital, his investment firm.” ~Ann Romney, November 11, 2000.

As Judge Judy says, "If you tell the truth, you don't have to have a good memory."

[BooRadley]

“The [Olympics] project is running smoothly now, though still requiring so much of Mitt Romney’s time that he has had to lessen his involvement with Bain Capital, his investment firm.” ~Ann Romney, November 11, 2000.

Oh, snap!

[hadit]

And the tempest in the tea pot rages on.

[Chachma v'Oz]

Yes, some would like it to go away as soon as possible. It will. With each passing day some new revelation about Romney's involvements (or denial of them) will be headline news, all the way up to Obama's re-election.

[caddis]

[caddis]

But the contemporaneous Bain documents show that Romney was indeed telling the truth about no longer having operational input at Bain — which, one should note, is different from no longer having legal or financial ties to the firm.

As Fortune wrote earlier, Romney left Bain suddenly — rather than as part of an organized transition plan — after being asked to lead an Olympic organizing committee that had spiraled out of control. Moreover, it was unclear in February 1999 if Romney’s leave of absence would be permanent, or if he would return (as he had in 1994, after losing a U.S.Senate race to Ted Kennedy). He didn’t formally give up his title and firm ownership until 2002, once the Games had been successful and he was interested in other elective office. In the interim, he continued to fulfill legal obligations such as signing certain documents — but actual investment and managerial decisions were being made by others.

http://finance.fortune.cnn.com/2012/...ney-bain-exit/

[Chachma v'Oz]

What was Mrs Romney referring to when she described Mitt's activities at Bain after 1999? You don't need to be present at meetings if you simply own a company that you let others manage for you.

[caddis]

Ask Ann Romney.

[Chachma v'Oz]

Spouses cannot be forced to give evidence against each other. We'll have to speculate what she meant.