When I wrote my first Bain post, I said it was important because Willard Romney’s entire claim as to why he’s qualified to be President is because he was this successful businessman.
That he avoided his time as Governor of Massachusetts.
Nope. His entire spiel was that he was a successful businessman, and because of it, he would be uniquely qualified to be President of the United States.
I was like, ok, if you wanna play it like that, fine.
If your entire list of qualifications is based upon your time at BAIN, then let’s look at that time at Bain.
Since the first post, a number of things have happened.
Since the 2002 Massachusetts Gubernatorial Election, Willard has used the excuse, for all the bad stuff that has come up with Bain —
‘I LEFT BAIN IN 1999, SO I CAN’T BE HELD RESPONSIBLE FOR ANYTHING THAT HAPPENED AFTER THAT.’
What has happened since my first post, is that THAT claim, has had serious doubts placed on it. Thanks to actual reporting by the Boston Globe,
now the story is the following: Romney legally declared himself the “sole stockholder, chairman of the board, chief executive officer, and president” in a period when his company says he had “absolutely no involvement with the management or investment activities of the firm or with any of its portfolio companies.”
Not only that, but there is listed that Willard received a compensation of
AT LEAST ONE HUNDRED THOUSAND DOLLARS
each of those years.
I want to make this clear, because I was confused about this point myself.
I thought it was JUST $100,000 for each of those years.
It was not. It was AT LEAST $100,000.
It could be MILLIONS.
Possible MILLIONS for compensation for WHAT exactly, since BY HIS OWN LIES, he supposedly had NOTHING TO DO WITH THE COMPANY DURING THAT TIME.
Which means, it’s what…
FOR DOING NOTHING?
The actual amount is…..
IN THE TAX RETURNS THAT HE WON’T RELEASE.
So, that’s one problem for Willard.
Found this at another blog explaining the crux of the problem:
Henry Blodget from BusinessInsider sums it up:
So, enough with walking a fine line rhetorically.
Here are the questions that the Romney campaign needs to answer:
Was Mitt Romney “chairman, CEO, and President” of Bain from 1999-2002 (even if he had physically “left” and was spending 100% of his time running the Olympics)? If the answer is “yes,” then Romney is responsible for what Bain did during that period–full stop.
Were the filings submitted to the SEC inaccurate?
The answer to those two questions cannot be “both.” It’s one or the other.
David Corn, from Mother Jones, has recently revealed Willard’s investment in a Chinese company DIRECTLY INVOLVED IN OUTSOURCING.
And, there is NO DOUBT, that Willard was in charge of Bain during that time.
There are a number of videos about this.
From Rachel Maddow:
Romney Could Have Committed a FELONY in Ducking Association With Bain Capital
LIAR Mitt Romney Strikes Back By LYING That Obama is a LIAR (2/2)
Lawrence O’Donnell dedicated his entire show last night to the LIES OF MITT ROMNEY.
Next, Lawrence had on a former SEC Commissioner.
Then, Lawrence had on David Corn
Finally, Lawrence dealt with a summary of Willard’s lies.