Friday, July 13, 2012

A Crook or a Liar

From "Obama Campaign Says Mitt Romney Is Either A Crook Or A Liar," a Time Magazine story by Michael Scherer:
Mitt Romney wants you to know that both of these things are true: 1. He remained the “controlling person” in a number of Bain Capital investments between 1999 and 2002, when he left to work on the Salt Lake City Olympics. 2. He had no actual personal control over those investments during that time. . . .
Statement number one comes in several contemporaneous SEC filings, which the Obama campaign has been sending around to reporters. Statement number two comes from Mitt Romney and Bain Capital, and was certified on a federal financial disclosure in 2011, when Romney said he left active management of Bain Capital to work on the Olympics in 1999. That means that Romney’s position is he was both the “controlling person” and had no active management responsibilities.
This does not surprise me. For Romney, the truth is to be crafted rather than acknowledged.

But think about it: Romney, the sole stockholder of Bain Capital, had no control over its investments? I'm not buying it.

But I wonder how much this story could possibly hurt him with the base and Republicans in general. Look, Romney was a venture capitalist, and many conservatives will tell you that the only thing a capitalist should be concerned about is making a profit. I think that view is not only false but at least slightly insane. But that's what they believe. Anyway, a lot of Republicans won't care that Romney outsourced American jobs, because they believe that capitalists can do whatever they want as long as it increases profits.

The Boston Herald broke this story. Read it here.

No comments:

Post a Comment

Search This Blog


What I'm Following

It is wrong always, everywhere, and for anyone, to believe anything upon insufficient evidence. ---W.K. Clifford

Question with boldness even the existence of a God; because, if there be one, he must more approve of the homage of reason, than that of blind-folded fear. ---Thomas Jefferson