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Author: Subject: Romney's Lies About Bain Tenure

True Peach





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  posted on 7/13/2012 at 05:45 PM
He can't even get his dates of employment straight - in the REAL world, if you lied on your employment application about this, your resume would go in the garbage - and in some states, you could be charged with a crime and prosecuted.

Hopefully this will wake up the American Public about how little credibility this guy has and how dishonest he is. Anyone who votes for him will get exactly what they deserve.

And if he really is dumb enough to name Condoleeza Rice as his running mate, that will be proof positive that he has no practical judgement whatsoever and should end any chance he had of being elected President.


Romney attacked on Bain question
Obama campaign accuses Mitt Romney of lying about Bain tenure

By Callum Borchers
Globe Correspondent / July 13, 2012

President Obama’s reelection campaign Thursday accused Mitt Romney of lying — and perhaps of breaking federal law — after the Globe reported that government documents listed him as in charge of the private equity firm he founded, Bain Capital, three years longer than he has previously stated.

The Romney campaign called such statements by the Obama team “reckless” and asked the Globe to print a correction, which it has declined to do.

“When Mitt Romney ran for governor and now as he’s running for president, he consistently claimed he could not be blamed for bankruptcies and layoffs from Bain investments after February 1999 because he departed for the Olympics,” Stephanie Cutter, Obama’s deputy campaign manager, said in a statement. “Now, we know that he wasn’t telling the truth.”

On a conference call with reporters, Cutter alleged Romney, the presumptive GOP nominee for president, was either “misrepresenting his own position at Bain to the SEC, which is a felony, or he was misrepresenting his position at Bain to the American people.”

Romney’s campaign manager, Matt Rhoades, demanded an apology for Cutter’s remarks.

“President Obama’s campaign hit a new low today when one of its senior advisers made a reckless and unsubstantiated charge to reporters about Mitt Romney that was so over-the-top that it calls into question the integrity of their entire campaign,” Rhoades said. “President Obama ought to apologize for the out-of-control behavior of his staff, which demeans the office he holds.”

New evidence emerged late Thursday that raises further questions about Romney’s claim of a total disconnect between himself and Bain Capital entities after Feb. 11, 1999, when he became chief executive of the Salt Lake Organizing Committee.

In 2002, facing a ballot challenge from Democrats — who contended he had moved his residence to Utah — Romney testified before the state Ballot Law Commission as a gubernatorial candidate that “there were a number of social trips and business trips that brought [him] back to Massachusetts, board meetings” while he was running the Olympics.

Romney said he remained on the boards of several companies, including the Lifelike Co., in which Bain Capital held a stake until 2001. The Huffington Post and MSNBC also carried reports Thursday night about Romney’s continued membership on the Lifelike board.

The Romney campaign claimed the candidate’s testimony to the ballot commission actually strengthens the case that he left Bain Capital for good in 1999.

“After extensive hearings, the Ballot Law Commission came to the same conclusion as numerous independent fact checkers in finding that Mitt Romney ended his active employment with Bain Capital in 1999,” Romney spokeswoman Amanda Henneberg said. “Every public judgment, including a unanimous one from the Ballot Law Commission, has confirmed this fact.”

The Globe’s initial report Thursday focused on apparent inconsistencies between Securities and Exchange Commission filings by Bain Capital — which state that Romney continued to head the firm after Feb. 11, 1999, the date he claims to have retired — and Romney’s most recent submission to the Office of Government Ethics, which says that “since February 11, 1999, Mr. Romney has not had any active role with any Bain Capital entity and has not been involved in the operations of any Bain Capital entity in any way.” Other media have reported similar findings.

Two other documents contain similar information, the Globe found. In his first year as governor of Massachusetts, in 2003, Romney disclosed to the State Ethics Commission that he still owned 100 percent of Bain Capital in 2002. 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.

Spokespersons for both the SEC and the Office of Government Ethics declined to comment on the record Thursday.

The Romney campaign did not dispute any facts reported Thursday by the Globe but nevertheless requested a correction, saying the story left the false impression that Romney continued to oversee Bain Capital’s day-to-day operations.

Globe editor Martin Baron responded: “Having carefully reviewed that request, we see no basis for publishing a correction. The Globe story was entirely accurate.”

Baron noted that “the Globe story was based on government documents filed by Bain Capital itself” and said the article “also gave a full account of the Romney campaign’s position that, notwithstanding several years of regulatory filings, Mitt Romney ‘retired from Bain Capital in 1999 … [and] has had no involvement in the management or investment activities of Bain Capital, or with any of its portfolio companies, since that time.’ ”

Bain Capital supported the Romney campaign’s position in a statement Thursday: “Due to the sudden nature of Mr. Romney’s departure, he remained the sole stockholder for a time while formal ownership was being documented and transferred to the group of partners who took over management of the firm in 1999. Accordingly, Mr. Romney was reported in various capacities on SEC filings during this period.”

The firm did not respond to Globe questions about why SEC filings show Romney in control of five Bain Capital business partnerships that were formed in January 2002 — long after Romney claims to have left.

Romney and his presidential campaign have gone to great lengths to assert that he permanently departed Bain in 1999, never exerted any influence on its operation, and should not be held responsible for bankruptcies and layoffs after that time.

But at the time of his departure, Romney’s frame of mind was merely to take a “leave of absence” while he was running the winter Olympics, according to Romney’s own testimony to the state ballot commission, which let Romney remain on the ballot for governor in 2002.

“When I left my employer in Massachusetts in February of 1999 to accept the Olympic assignment,” he testified, “I left on the basis of a leave of absence, indicating that I, by virtue of that title, would return at the end of the Olympics to my employment at Bain Capital, but subsequently decided not to do so and entered into a departure agreement with my former partners.”

Bain Capital told the Globe Wednesday that “Mitt Romney retired from Bain Capital in February 1999.”

Experts in finance and security law disagree about how much legal significance the discrepancies between Romney’s financial disclosure statements and SEC documents may have.

One securities specialist said that Bain — a privately held company that is not traded on the stock market — should not be held to the same standard of accuracy as a publicly traded corporation. Adam C. Pritchard, a professor of securities law at the University of Michigan, described filings disclosing Bain dealings investments as “ministerial.”

“The only way someone would be misled is if they were an investor in” Bain, he said. It would be a different matter in a publicly traded firm, he added: “If Apple were listing Steve Jobs as CEO, that would be a problem, him being dead and all.”

Others, including Roberta S. Karmel, a former SEC commissioner quoted by the Globe on Thursday, say SEC filings are a crucial window on the operations of business.

“Let me put it this way,” Karmel said: “It’s a pretty serious problem to file false documents with the SEC. You can be prosecuted for that.”

Callum Borchers can be reached at callum.borchers@globe.com.

http://www.boston.com/news/politics/articles/2012/07/13/obama_campaign_accu ses_mitt_romney_of_lying_about_bain_tenure/

 

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A Peach Supreme



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  posted on 7/13/2012 at 06:08 PM
Posted on July 13, 2012 by Paul Mirengoff in 2012 Presidential Election, Barack Obama, Mitt Romney

Ed Rendell — Team Obama went “a little bit too far with the felony business”


The only positive thing President Obama has going for him with swing voters is that they tend to like him personally. I’m not sure why, but assume it’s some combination of his race, the positive initial impression he made, and the tendency of Americans to want to like their president.

Obama’s increasingly vicious campaign against Mitt Romney puts this one and only asset in jeopardy. It risks everything on gaining votes based on dislike of the president’s opponent, and that’s ordinarily a losing strategy for an incumbent.

Ed Rendell understands this. Today he acknowledged that “all these attacks [by Team Obama] may be hurting the president’s brand a little bit.” For this reason, Rendell concluded that “our supporters went a little bit too far with the felony business” — i.e., the suggestion that Mitt Romney committed a felony with respect to his sworn statements about his role with Bain Capital.

I doubt that the Obama camp would risk hurting the Obama “brand” in this fashion if it didn’t believe he is in big trouble. He is, and over-the-top attacks on the other guy are likely to dig the hole deeper. After all, Obama’s “brand,” not his policies or accomplishments, is what might win him reelection.
H/T Powerline
Ed Rendell right wing lunatic

 

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Zen Peach



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  posted on 7/13/2012 at 06:24 PM
I saw an interview with a former SEC employee and she said if he wasn't employed with Bain and signed SEC forms saying he was then it would a case of fraud. She didn't say Romney WAS guilty of fraud, just that if he signed those forms he would be but she didn't even think the SEC would prosecute if it was.

 

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True Peach



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  posted on 7/13/2012 at 06:37 PM
quote:
Obama’s increasingly vicious campaign against Mitt Romney puts this one and only asset in jeopardy. It risks everything on gaining votes based on dislike of the president’s opponent


Right or wrong, I find it REFRESHING to see that Obama has FINALLY grown a set of balls and quit being a punching bag for the Right. All he is doing is following their strategy and trying to beat them at their own game. And it is hilarious to hear them howl when someone actually fights back. Kinda like the bully who gets knocked on his fat a$$ by the skinny little kid who finally gets sick and tired of having his lunch money stolen and getting beat up every day and decides he's not gonna take it anymore and does something about it.

Hopefully the Testosterone-challenged Democratic Party will take note and begin adopting some of his tactics....

 

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Zen Peach



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  posted on 7/13/2012 at 08:45 PM
I totally agree. Personally I'm tired of the 'high road' while the right wing politicians outright lie and steal their way into office. If Obama is going to go down I hope he goes down swinging!

 

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  posted on 7/13/2012 at 09:50 PM
If you decide to play the attack strategy you better have enough to influence swing voters. So far they don't have much. I think Obama would be better served to act as if Romney didn't even exist for a while, but I don't care what he does.
 

Zen Peach



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  posted on 7/13/2012 at 10:04 PM
Sorry, that's the line the GOP has been floating for years. They come up with some of the most devious and scurrilous ways to depress the vote, lie about someone's record and then they tell the other guy he needs to play fair. No more....if it's going to get dirty, I and a lot of other Obama supporters are ready for it.

 

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  posted on 7/13/2012 at 10:15 PM
quote:
I saw an interview with a former SEC employee and she said if he wasn't employed with Bain and signed SEC forms saying he was then it would a case of fraud. She didn't say Romney WAS guilty of fraud, just that if he signed those forms he would be but she didn't even think the SEC would prosecute if it was.


When a CEO leaves that position there will still be items that require his signature even though he is no longer acting in that capacity. Of course, none of the Keystone Cops in the Obama campaign would realize this.

Incidentally, when Romney ran for Governor they were singing a far different tune. His opponent then was trying to disqualify him for not living in Massachusetts for the requred seven consecutive years. You can't make this stuff up.

They're going to have to do better.

 

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  posted on 7/13/2012 at 10:30 PM
quote:
Sorry, that's the line the GOP has been floating for years. They come up with some of the most devious and scurrilous ways to depress the vote, lie about someone's record and then they tell the other guy he needs to play fair. No more....if it's going to get dirty, I and a lot of other Obama supporters are ready for it.


LOL...If anybody is lying about Obama's record it's Obama! We're talking about a guy who's own autobiography has been shown to be cover to cover lies. He might be the only man to write an autobiography that ends up moved to the FICTION aisle.

Ready for it? I don't know which campaign you've been watching, but they haven't done much besides attack Romney for months on end and that's fine. They don't have anything on him that will matter all that much.

 

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  posted on 7/14/2012 at 10:04 AM
quote:
quote:
Obama’s increasingly vicious campaign against Mitt Romney puts this one and only asset in jeopardy. It risks everything on gaining votes based on dislike of the president’s opponent


Right or wrong, I find it REFRESHING to see that Obama has FINALLY grown a set of balls and quit being a punching bag for the Right. All he is doing is following their strategy and trying to beat them at their own game. And it is hilarious to hear them howl when someone actually fights back. Kinda like the bully who gets knocked on his fat a$$ by the skinny little kid who finally gets sick and tired of having his lunch money stolen and getting beat up every day and decides he's not gonna take it anymore and does something about it.

Hopefully the Testosterone-challenged Democratic Party will take note and begin adopting some of his tactics....


Completely agree Rich. After watching the effectiveness of the Koch Brothers and Ron Johnson in the last senate race completely out spend and run attack adds 3 months before Russ Feingold ever responded. And likewise watching the Koch Brothers and Walker run attack add after attack add before Barrett ever knew what hit him in the first election, it is refreshing to see Obama go for the jugular right out of the gate. Play their game faster and better than they do is a great strategy. Shades of Bill Clinton.

 

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Maximum Peach



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  posted on 7/14/2012 at 11:42 AM
quote:
quote:
quote:
Obama’s increasingly vicious campaign against Mitt Romney puts this one and only asset in jeopardy. It risks everything on gaining votes based on dislike of the president’s opponent


Right or wrong, I find it REFRESHING to see that Obama has FINALLY grown a set of balls and quit being a punching bag for the Right. All he is doing is following their strategy and trying to beat them at their own game. And it is hilarious to hear them howl when someone actually fights back. Kinda like the bully who gets knocked on his fat a$$ by the skinny little kid who finally gets sick and tired of having his lunch money stolen and getting beat up every day and decides he's not gonna take it anymore and does something about it.

Hopefully the Testosterone-challenged Democratic Party will take note and begin adopting some of his tactics....


Completely agree Rich. After watching the effectiveness of the Koch Brothers and Ron Johnson in the last senate race completely out spend and run attack adds 3 months before Russ Feingold ever responded. And likewise watching the Koch Brothers and Walker run attack add after attack add before Barrett ever knew what hit him in the first election, it is refreshing to see Obama go for the jugular right out of the gate. Play their game faster and better than they do is a great strategy. Shades of Bill Clinton.
now all he has to do is raise more money.

 

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  posted on 7/16/2012 at 06:09 AM
Romney Campaign Demands That The Boston Globe Retract Its Bain Capital Tenure Story;
Boston Globe Says: No Way, Jose, Our Story Is Accurate.

http://www.dailykos.com/story/2012/07/12/1109251/-Boston-Globe-to-Romney-No -Retraction

 

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  posted on 7/16/2012 at 06:36 AM
quote:
quote:
I saw an interview with a former SEC employee and she said if he wasn't employed with Bain and signed SEC forms saying he was then it would a case of fraud. She didn't say Romney WAS guilty of fraud, just that if he signed those forms he would be but she didn't even think the SEC would prosecute if it was.


When a CEO leaves that position there will still be items that require his signature even though he is no longer acting in that capacity. Of course, none of the Keystone Cops in the Obama campaign would realize this.

Incidentally, when Romney ran for Governor they were singing a far different tune. His opponent then was trying to disqualify him for not living in Massachusetts for the requred seven consecutive years. You can't make this stuff up.

They're going to have to do better.


When a CEO LEAVES the company, the company doesn't file papers with the SEC saying that person is the CEO, regardless of whether there are papers to be signed or not.

The official CEO and president of a company have a legal and fiduciary responsibility to say that the documents and filings of a company are correct. Romney had to sign off on the papers saying he held those positions when those papers were filed with the SEC.

You can't have it both ways, when you hold those positions.

As far as your second point, that was a different campaign. And this from someone who didn't disavowal birthers.

 

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Universal Peach



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  posted on 7/16/2012 at 08:17 AM
quote:
quote:
Obama’s increasingly vicious campaign against Mitt Romney puts this one and only asset in jeopardy. It risks everything on gaining votes based on dislike of the president’s opponent


Right or wrong, I find it REFRESHING to see that Obama has FINALLY grown a set of balls and quit being a punching bag for the Right. All he is doing is following their strategy and trying to beat them at their own game. And it is hilarious to hear them howl when someone actually fights back. Kinda like the bully who gets knocked on his fat a$$ by the skinny little kid who finally gets sick and tired of having his lunch money stolen and getting beat up every day and decides he's not gonna take it anymore and does something about it.

Hopefully the Testosterone-challenged Democratic Party will take note and begin adopting some of his tactics....


Absolutely....And if he should be re-elected, I hope he chooses to govern in a similar fashion. That is to say, with some balls.

 

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  posted on 7/16/2012 at 09:24 AM
What's so bad about Condi Rice?

 

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Universal Peach



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  posted on 7/16/2012 at 09:29 AM
quote:
What's so bad about Condi Rice?


Other than her falling in line with the neo-cons with regard to invading Iraq, I have nothing against her. Smart, pro-choice, somewhat sane....But the ultra right don't want her and thus her candidacy is probably nothing more than a distraction and not a real possibility. But anything can happen in Washington.

 

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  posted on 7/16/2012 at 09:34 AM
quote:
When a CEO LEAVES the company, the company doesn't file papers with the SEC saying that person is the CEO, regardless of whether there are papers to be signed or not.

The official CEO and president of a company have a legal and fiduciary responsibility to say that the documents and filings of a company are correct. Romney had to sign off on the papers saying he held those positions when those papers were filed with the SEC.


Think about it logically. If Romney had continued to manage Bain's day to day operations, why would he accept a salary of $100,000? Someone as greedy as Romney?

 

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  posted on 7/16/2012 at 09:39 AM
quote:
quote:
When a CEO LEAVES the company, the company doesn't file papers with the SEC saying that person is the CEO, regardless of whether there are papers to be signed or not.

The official CEO and president of a company have a legal and fiduciary responsibility to say that the documents and filings of a company are correct. Romney had to sign off on the papers saying he held those positions when those papers were filed with the SEC.


Think about it logically. If Romney had continued to manage Bain's day to day operations, why would he accept a salary of $100,000? Someone as greedy as Romney?


For the same reason many employers and/or stockholders of very valuable corporations work for very low salaries, taxes...Depending upon all his types and sources of income, working for a low salary may have made the most sense in that particular tax year.

[Edited on 7/16/2012 by Chain]

 

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  posted on 7/16/2012 at 10:37 AM
quote:
quote:
quote:
When a CEO LEAVES the company, the company doesn't file papers with the SEC saying that person is the CEO, regardless of whether there are papers to be signed or not.

The official CEO and president of a company have a legal and fiduciary responsibility to say that the documents and filings of a company are correct. Romney had to sign off on the papers saying he held those positions when those papers were filed with the SEC.


Think about it logically. If Romney had continued to manage Bain's day to day operations, why would he accept a salary of $100,000? Someone as greedy as Romney?


For the same reason many employers and/or stockholders of very valuable corporations work for very low salaries, taxes...Depending upon all his types and sources of income, working for a low salary may have made the most sense in that particular tax year.


That's certainly plausible. On the other hand, maybe he was indeed working on the Olympics. People swear they saw Romney day after day at his office in Salt Lake City. If it was a Romney impersonator, how did he get all of Mitt's sportcoats?

Voters by the million are going to be swayed by a controversy over 10 year old documents that pertain to if he came and went three years prior to that?

 

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  posted on 7/16/2012 at 10:45 AM
"Voters by the million are going to be swayed by a controversy over 10 year old documents that pertain to if he came and went three years prior to that?"

I doubt it. I think the entire thing is about controlling the narrative and distracting the public from real issues. In other words, politics as usual.

 

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  posted on 7/16/2012 at 10:52 AM
quote:
People swear they saw Romney day after day at his office in Salt Lake City.
My friend worked for Romney in SLC. Fact. How this affects an election, I haven't a clue...

 

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Zen Peach



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  posted on 7/16/2012 at 10:56 AM
quote:
quote:
When a CEO LEAVES the company, the company doesn't file papers with the SEC saying that person is the CEO, regardless of whether there are papers to be signed or not.

The official CEO and president of a company have a legal and fiduciary responsibility to say that the documents and filings of a company are correct. Romney had to sign off on the papers saying he held those positions when those papers were filed with the SEC.


Think about it logically. If Romney had continued to manage Bain's day to day operations, why would he accept a salary of $100,000? Someone as greedy as Romney?


Think about it logically. If you sign something that says you are something and that you can be prosecuted if you are lying, are you lying?

 

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A Peach Supreme



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  posted on 7/16/2012 at 11:46 AM
quote:
quote:
Obama’s increasingly vicious campaign against Mitt Romney puts this one and only asset in jeopardy. It risks everything on gaining votes based on dislike of the president’s opponent


Right or wrong, I find it REFRESHING to see that Obama has FINALLY grown a set of balls and quit being a punching bag for the Right. All he is doing is following their strategy and trying to beat them at their own game. And it is hilarious to hear them howl when someone actually fights back. Kinda like the bully who gets knocked on his fat a$$ by the skinny little kid who finally gets sick and tired of having his lunch money stolen and getting beat up every day and decides he's not gonna take it anymore and does something about it.

Hopefully the Testosterone-challenged Democratic Party will take note and begin adopting some of his tactics....


I am getting weary of hearing that Romney is TOO SUCCESSFUL to be Prez. Prez Obama needs to put down the golf clubs and defend his record and start outlining his second term.

 

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  posted on 7/16/2012 at 11:50 AM
quote:
"Voters by the million are going to be swayed by a controversy over 10 year old documents that pertain to if he came and went three years prior to that?"

I doubt it. I think the entire thing is about controlling the narrative and distracting the public from real issues. In other words, politics as usual.



It's not like it was a birth certificate or anything............

 

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  posted on 7/16/2012 at 01:08 PM
Just a point.....Romney took a salaray of OVER $100,000. It didn't say how much over! And I think it's important because Romney so desperately doesn't want to produce the records. If he thinks he's got a problem, I think he's got a problem.

 

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