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Response to maddezmom (Original post)

Thu Jul 12, 2012, 08:06 PM

16. sorry to rain on your parade



If the Obama campaign were correct, Romney would be guilty of a federal felony by certifying on federal financial disclosure forms that he left active management of Bain Capital in February 1999….

And after reviewing evidence cited by the Obama campaign, we reaffirm our conclusion that Romney left the helm of Bain Capital when he took a leave of absence in 1999 to run the Salt Lake City Organizing Committee for the 2002 Winter Olympics – as he has said repeatedly — and never returned to active management. The Obama campaign’s recent ads thus mislead when they point to investments made by Bain, as well as management decisions made by companies in which Bain invested, after that time.

What does the Obama campaign have in rebuttal? Very little, and none of it convincing in our judgment.

Much of the Obama campaign’s letter is devoted to quoting portions of documents filed with the Securities and Exchange Commission. In summary, the letter states there are “at least 63 filings with that agency after March 1, 1999 that list various Bain entities and describe them as ‘wholly owned by W. Mitt Romney.’” That’s true, but not relevant.

We have never disputed that Romney remained the owner of Bain while he was running the Olympics committee. The issue always has been, who was running Bain? Nothing in the SEC documents contradicts what Romney has certified as true.

On that point, the Obama campaign cites snippets of a few news clippings to make a case that Romney was still a part-time manager of Bain after he left to run the Olympics. But a close reading shows these news accounts don’t contradict Romney either.

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Arrow 31 replies Author Time Post
maddezmom Jul 2012 OP
truthisfreedom Jul 2012 #1
lsewpershad Jul 2012 #11
progressivebydesign Jul 2012 #2
Iliyah Jul 2012 #9
DFW Jul 2012 #3
DearAbby Jul 2012 #4
cbdo2007 Jul 2012 #6
stuckinodi Jul 2012 #8
sharp_stick Jul 2012 #5
TriplD Jul 2012 #24
Iliyah Jul 2012 #10
toddwv Jul 2012 #27
Bandit Jul 2012 #13
Igel Jul 2012 #15
SkyDaddy7 Jul 2012 #29
Kingofalldems Jul 2012 #7
HankyDub Jul 2012 #12
HotRodTuna Jul 2012 #20
Quantess Jul 2012 #30
mysuzuki2 Jul 2012 #14
Igel Jul 2012 #18
LineReply sorry to rain on your parade
missy01121970 Jul 2012 #16
maddezmom Jul 2012 #21
DavidDvorkin Jul 2012 #22
maddezmom Jul 2012 #23
Lex Jul 2012 #28
Quantess Jul 2012 #31
Post removed Jul 2012 #17
DavidDvorkin Jul 2012 #19
Spitfire of ATJ Jul 2012 #25
Historic NY Jul 2012 #26
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