Romney assails Obama over Bain ads

**pickel** · July 13th, 2012, 08:57 PM

Romney assails Obama over Bain ads - latimes.com

Mitt Romney accused President Obama on Friday of stooping to reckless and undignified campaign tactics, saying he was spreading false information to tarnish his rival’s record as chief executive of a Boston private equity firm.

How the truth seems to stir up the hen house !!!!

Oh, Willard. Gives us a break........

**Chuckiechan** · July 14th, 2012, 02:42 AM

Something about being called a crook by the "Prince of Chicago" where politics and felonies are often one in the same.

Wasn't Obama an organizer in "Crook" County, Ill?

I say go for it. Romney has no skeletons in his closet. Hell, he doesn't even have a closet!

They have dig wide and deep for dirt to put on Romney. But it will come back to Obama in the end. Rezko, Blagoavitch, real estate deals, ACORN... Yup, open up a dialogue about felonies.

**pickel** · July 14th, 2012, 07:37 AM

Originally Posted by Chuckiechan

Something about being called a crook by the "Prince of Chicago" where politics and felonies are often one in the same.

Wasn't Obama an organizer in "Crook" County, Ill?

I say go for it. Romney has no skeletons in his closet. Hell, he doesn't even have a closet!

They have dig wide and deep for dirt to put on Romney. But it will come back to Obama in the end. Rezko, Blagoavitch, real estate deals, ACORN... Yup, open up a dialogue about felonies.

Government documents indicate Mitt Romney continued at Bain after date when he says he left - The Boston Globe

Romney Attended Board Meetings of Bain Investments After He “Left” | FDL News Desk

The Daily Tribune - Romney’s quiet offshore holdings

Government documents filed by Mitt Romney and Bain Capital say Romney remained chief executive and chairman of the firm three years beyond the date he said he ceded control, even creating five new investment partnerships during that time.

Also, a Massachusetts financial disclosure form Romney filed in 2003 states that he still owned 100 percent of Bain Capital in 2002. And Romney’s state financial disclosure forms indicate he earned at least $100,000 as a Bain “executive” in 2001 and 2002, separate from investment earnings.

Contradictions concerning the length of Romney’s tenure at Bain Capital add to the uncertainty and questions about his finances. Bain is the primary source of Romney’s wealth, which is estimated to be more than $250 million. But how his wealth has been invested, especially in a variety of Bain partnerships and other investment vehicles, remains difficult to decipher because of a lack of transparency

Shows us your TAX RETURNS , Mitt !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

**Chuckiechan** · July 14th, 2012, 11:33 AM

I suggest we apply the same standards to Romney as Obama. Like when pigs fly.

Give it up, Pickel. It's election year pogy bait.

But I'm glad you are in solid red Romney country! LOL!

**pickel** · July 14th, 2012, 04:21 PM

Originally Posted by Chuckiechan

But I'm glad you are in solid red Romney country! LOL!

Like my Mother used to say: "They didn't ask to be born that way "

**Theophylact** · July 14th, 2012, 04:34 PM

The question isn't whether Obama's being undignified; it's whether Rmoney's lying.

**Chuckiechan** · July 14th, 2012, 04:36 PM

Fact checking seems to have brought of the evidence that "there is no there, there"...But let not let that stop a nice smear campaign!

Besides, what can Obama do? Run on his accomplishments?

**Theophylact** · July 14th, 2012, 05:08 PM

Originally Posted by Chuckiechan

Fact checking seems to have brought of the evidence that "there is no there, there"...But let not let that stop a nice smear campaign!

The "fact checking" by Glenn Kessler et al. boils down to: "Mitt Romney says he left Bain in 1999. If his SEC filings show that he was still in charge through 2002, he committed a felony. Therefore there must be some innocent explanation." This little syllogism is self-evidently false.

**pickel** · July 14th, 2012, 08:05 PM

Originally Posted by Theophylact

The "fact checking" by Glenn Kessler et al. boils down to: "Mitt Romney says he left Bain in 1999. If his SEC filings show that he was still in charge through 2002, he committed a felony. Therefore there must be some innocent explanation." This little syllogism is self-evidently false.

Hear, Hear !

I can't fathom how Ole Willard can say all this BS with a straight face ??? I reckon when you destroy people's lives and the lives of their children, you don't have much heart anyway

**Chuckiechan** · July 15th, 2012, 12:01 PM

This is Obama's weekly dirt drop to keep the media on Romney and off the economy. Just like the liberals here at Techimo. You act as if our economy is in fine shape... full employment and all.

We just recently pass the point of our debt being greater than our GDP. Now that's a story worth telling:

U.S. National Debt Clock : Real Time

**pickel** · July 15th, 2012, 12:15 PM

Originally Posted by Chuckiechan

This is Obama's weekly dirt drop to keep the media on Romney and off the economy. Just like the liberals here at Techimo. You act as if our economy is in fine shape... full employment and all.

Well, if that be the case, it's no different than what the Republicans did to Kerry last time around, No??

What's good for the goose.....

Chuck, you know they're ALL FOS, or you should by now.

**brandon184** · July 15th, 2012, 01:05 PM

You know it's a good ad when Chuck starts whining uncontrollably over it.

**Theophylact** · July 15th, 2012, 01:15 PM

Okay, this explains it all:

Senior Mitt Romney campaign adviser Ed Gillespie blasted President Obama's attacks on the GOP candidate, saying Romney had been honest about his tenure at the private equity giant Bain Capital.

(snip)

Democrats have raised questions about when exactly Romney left Bain. Romney has said he left in 1999 to oversee preparations for the Salt Lake City Olympics, but SEC documents show him listed as Bain’s CEO beyond that time.

Gillespie on Sunday sought to clarify the matter, saying that Romney initially thought he would be leaving Bain on a temporary basis, but the challenges of the Olympics led him to “retire retroactively.”

"There may have been a thought at the time that it could be part time, but it was not part time," Gillespie said.

"He took a leave of absence and in fact he ended up not going back at all, and retired retroactively to 1999 as a result," he added. "He left a life he loved to go to Salt Lake City and help a country he loves more, and somehow Chicago… is trying to make it something sinister."

"Retired retroactively". So in 2002, he retired in 1999, thus retroactively negating the sworn statements in the SEC filings.

Uh-huh.

**pickel** · July 15th, 2012, 10:43 PM

Originally Posted by Theophylact

Uh-huh.

ROTF

What that guy say on Saturday Night Live... "YOU LIE"

**Chuckiechan** · July 16th, 2012, 11:05 AM

I love to watch the liberals grasping at straws...

Will the election come down to Bain's timeline, or the economy?

**sharder8** · July 16th, 2012, 11:38 AM

Originally Posted by Chuckiechan

I love to watch the liberals grasping at straws...

Will the election come down to Bain's timeline, or the economy?

Bain's time line! Because the Dem's definitely don't want to talk about the economy.

Harder

**Chuckiechan** · July 16th, 2012, 11:41 AM

The Dem's are so stupid that they are bring this up during the Olympics. Exactly where did Romney go when he left Bain to work for free!

The Olympics were close to being cancelled they were so screwed up. Romney's management saved them.

Evil Romney, Great Obama... LOL!

**Theophylact** · July 18th, 2012, 03:25 PM

From James Fallows's blog:

I haven't heard anyone in the media make the point why Romney's poor response to the Bain capital issue is so damning: In effect, Romney is saying that he should get a pass for what Bain did in his "absence" because he wasn't running the company at the time (even though he was technically still its CEO), and/or that he should get a pass for telling the SEC that he was CEO of the company for three years while he had passed off those duties to others because he didn't actually exercise control.

The Obama campaign mistakenly focused on whether that makes him a liar or a criminal. In my opinion, the more damning conclusion comes from accepting Romney's story at face value. If he can't deal with two big issues at the same time, and [won't] take responsibility for what is done on his behalf (by those he chose to act on his behalf--because he was the sole owner of the company), how can he possibly be competent to be President of the United States?

**Chuckiechan** · July 18th, 2012, 08:34 PM

why does everyone care so much how Romney spends his money, but don't care very much about how Obama spends ours.

This is all they have...

To paraphrase Charles Krauthammer, "Romney doesn't have any skeletons in his closet. He doesn't even have a closet"...

**MTAtech** · July 18th, 2012, 09:22 PM

Originally Posted by Chuckiechan

why does everyone care so much how Romney spends his money, but don't care very much about how Obama spends ours.

This is all they have...

To paraphrase Charles Krauthammer, "Romney doesn't have any skeletons in his closet. He doesn't even have a closet"...

Romney has a closet with an elevator. Whether Romney has skeletons in his closet is evident, as he won't disclose his taxes for previous years to 2010. It's likely that he didn't pay any taxes in those years and that won't go over well with voters.

As to whether what Romney did was illegal, we have this Forbes piece:
How A Prosecutor Would Attack Romney's 1999 'Retroactive Retirement' - Forbes

Before getting into the details of this prosecutor’s imaginary case against Romney, let’s examine why he would want to retroactively retire from Bain Capital — meaning when he became governor in 2002, he changed his story (history) – saying he had retired in 1999.

To understand this, it’s worth noting that when Bain & Co. CEO, Bill Bain, asked Romney to head Bain Capital, Romney negotiated a promise from Bain that if Bain Capital failed, Romney would be reinstated at the consulting firm with honor and with full credit — in salary and tenure — for the time he spent at Bain Capital.

In short, Romney likes to hedge his career bets — financially and reputationally. The reason he retroactively retired was that in 1999 — when he said he took a leave of absence from Bain Capital — he was not sure whether his political career would succeed. So he wanted to preserve the option of returning to Bain Capital if he did not get elected governor.
After he was elected governor, he decided that he would change the story of when he left Bain Capital because he was convinced that he could succeed as a politician. In both cases, he was able to rewrite history. For instance, according to the Real Romney, he persuaded Bill Bain that if Bain Capital failed, Bill would “craft a cover story saying that Romney’s return to Bain & Co. was needed because of his value as a consultant.”

It’s nice to call it a cover story, a white lie, or a euphemism; but when it comes to disclosure in financial statements, it could also be fraud, according to my source. His strategy would be to charge Romney — who had a stellar reputation as an investor — with a violation of the Securities and Exchange Act of 1934, state Blue Sky securities laws, and common law fraud statutes.