Yet Another Nugget To Undercut Romney’s Story

Andrew Sullivan —  Jul 13 2012 @ 6:59pm


It was hidden in plain sight as a Bain press release in July 1999. Here's how it described Romney's position at Bain when he says he had no responsibility whatever, despite remaining CEO, Chairman and Sole Owner as far as forms filed with SEC testify:

Bain Capital CEO W. Mitt Romney, currently on a part-time leave of absence to head the Salt Lake City Olympic Committee for the 2002 Games said …

So Bain now contradicts Romney. And one of the men mentioned in the press release, Marc Wolpow, described his relationship with Romney when Romney was on a previous part time leave in 1994 when running for Senate (while remaining CEO of Bain):

“I reported directly to Mitt Romney . . . You can’t be CEO of Bain Capital and say, `I really don’t know what my guys were doing,’” Mr. Wolpow said of Mr. Romney role at the company during his leave.

So this much is now obvious.

1. Romney didn't quit Bain in 1999 for good, as he claims. He remained the CEO throughout, as SEC files show, and as the Boston Globe reported back in 2002.

2. He stayed active in Bain, but at a much reduced level, the entire time.

3. In any case, everything that occurred at Bain up to 2002 is completely fair game for criticism, since he was the formal CEO at the time and therefore responsible for the whole company. The SEC filings are dispositive. He has been lying about this in order to deflect some very dangerous stories about Bain in that period which shows it is knee deep in outsourcing and off-shoring, and because his signature is on a filing with respect to a company that Bain owned that disposed of aborted babies. 

Romney basically said what was the most convenient for his self-interest at every juncture – and finally all the contradictions and changing stories caught up with him. When you have it both ways on policy matters – we'll increase defense spending, lower taxes even further, and cut the debt! – you only look shifty. When you have it both ways on the simple facts about your life, you look like an opportunistic liar.

Campaigns have a way of revealing the truth about people, don't they?