Romney's campaign probably cannot withstand the latest bad news. Simple review of his sworn testimony before the Massachusetts Election officials (in 2002) is in direct opposition to his 2011 Federal Election Disclosure Form statements.
Romney claimed in 2011 to have left Bain Capital on Feb 11 1999 in order to revive the stalled Winter Olympics Games in Salt Lake City. Yet according to his SEC Filings he remained "sole stockholder, chairman of the board, chief executive officer, and president" through 2002. Another form stated that he owned 100 % of the company.
Romney's lawyer at the Massachusetts hearing (2002) said that Romney's work in the private sector continued "unabated" while he ran the Olympics: "He succeeded in that three-year period in restoring confidence in the Olympic Games, closing that disastrous deficit and staging one of the most successful Olympic Games ever to occur on U.S. soil. Now while all that was going on, very much in the public eye, what happened to his private and public ties to the Commonwealth of Massachusetts? And the answer is they continued unabated just as they had."
You can't be in both places at once. He claimes to have been living and working in two places at one time, ostensibly to satisfy the residency requirements of running for MA governor. Plain and simple he lied, either on one or both of these forms.
There are many things you can attack Romney on, this isn't one of them.
http://www.washingtonpost.com/blogs/fact-checker/post/mitt-romney-and-his-departure-from-bain/2012/07/12/gJQAASzUfW_blog.html
We still have no explanation for why Mitt Romney was paid a six figure salary for three years while he "had absolutely no involvement with the management or investment activities of the firm or with any of its portfolio companies" in Bain's words in their statement yesterday. We also have no explanation of why telling the SEC in 2001 that he remained the "sole stockholder, chairman of the board, chief executive officer, and president," while he was nothing of the kind. Yes, we have been told that his departure was dramatic, and that it took time to restructure a complicated business partnership, but for a company to declare a false CEO to the SEC for three years is either the mark of spectacular incompetence - and a potential felony - or a lie.
Quote from: MusicMan on July 13, 2012, 10:26:47 AM
Simple review of his sworn testimony before the Massachusetts Election officials (in 2002) is in direct opposition to his 2011 Federal Election Disclosure Form statements.
Romney claimed in 2011 to have left Bain Capital on Feb 11 1999 in order to revive the stalled Winter Olympics Games in Salt Lake City. Yet according to his SEC Filings he remained "sole stockholder, chairman of the board, chief executive officer, and president" through 2002. Another form stated that he owned 100 % of the company.
Romney's lawyer at the Massachusetts hearing (2002) said that Romney's work in the private sector continued "unabated" while he ran the Olympics: "He succeeded in that three-year period in restoring confidence in the Olympic Games, closing that disastrous deficit and staging one of the most successful Olympic Games ever to occur on U.S. soil. Now while all that was going on, very much in the public eye, what happened to his private and public ties to the Commonwealth of Massachusetts? And the answer is they continued unabated just as they had."
You can't be in both places at once. He claimes to have been living and working in two places at one time, ostensibly to satisfy the residency requirements of running for MA governor. Plain and simple he lied, either on one or both of these forms.
When you quote articles... we generally require the link.
The quote is from Huffington Post refering to the Boston Globe article.
FSQUID, This is not an attack. I am just reporting what the Boston Globe said.
Here are his own words:
Romney has consistently insisted that he was too busy organizing the 2002 Winter Olympics to take part in Bain business between 1999 and that event. But in the testimony, which was provided to The Huffington Post, Romney noted that he regularly traveled back to Massachusetts. "[T]here were a number of social trips and business trips that brought me back to Massachusetts, board meetings, Thanksgiving and so forth," he said.
Romney's sworn testimony was given as part of a hearing to determine whether he had sufficient residency status in Massachusetts to run for governor.
Romney testified that he "remained on the board of the Staples Corporation and Marriott International, the LifeLike Corporation" at the time.
Quote from: MusicMan on July 13, 2012, 11:13:21 AM
The quote is from Huffington Post refering to the Boston Globe article.
FSQUID, This is not an attack. I am just reporting what the Boston Globe said.
Here are his own words:
Romney has consistently insisted that he was too busy organizing the 2002 Winter Olympics to take part in Bain business between 1999 and that event. But in the testimony, which was provided to The Huffington Post, Romney noted that he regularly traveled back to Massachusetts. "[T]here were a number of social trips and business trips that brought me back to Massachusetts, board meetings, Thanksgiving and so forth," he said.
Romney's sworn testimony was given as part of a hearing to determine whether he had sufficient residency status in Massachusetts to run for governor.
Romney testified that he "remained on the board of the Staples Corporation and Marriott International, the LifeLike Corporation" at the time.
Great... I am sure there is a link?
Quote from: finehoe on July 13, 2012, 11:05:08 AM
We still have no explanation for why Mitt Romney was paid a six figure salary for three years while he "had absolutely no involvement with the management or investment activities of the firm or with any of its portfolio companies" in Bain's words in their statement yesterday. We also have no explanation of why telling the SEC in 2001 that he remained the "sole stockholder, chairman of the board, chief executive officer, and president," while he was nothing of the kind. Yes, we have been told that his departure was dramatic, and that it took time to restructure a complicated business partnership, but for a company to declare a false CEO to the SEC for three years is either the mark of spectacular incompetence - and a potential felony - or a lie.
could of been a "silent partner" for those years. I'm not familiar with how they were organized. The investment bank I worked at did that with one of the partners after we couldn't stand working with him anymore. He basically collected his share of the firm's profits but no longer had a vote or anything.
Here is the link.
http://www.huffingtonpost.com/2012/07/12/mitt-romney-bain-departure_n_1669006.html?utm_hp_ref=politics
Throw BS against the wall and see what sticks. The way the Press and obama run their campaign. Good plan if the alternative is run on your record.
Quote from: fsquid on July 13, 2012, 11:26:28 AM
could of been a "silent partner" for those years. I'm not familiar with how they were organized. The investment bank I worked at did that with one of the partners after we couldn't stand working with him anymore. He basically collected his share of the firm's profits but no longer had a vote or anything.
But even its own line of response - to reiterate that even though Romney remained the formal CEO, he was completely AWOL - is now looking more tenuous with new data from HuffPo. In trying to fend off questions about his Massachusetts residency for the gubernatorial campaign, Romney stated that while he was running the Olympics,
Quote[T]here were a number of social trips and business trips that brought me back to Massachusetts, board meetings, Thanksgiving and so forth.
Board meetings. That statement was under oath. So was this about the period in question:
Quote(I) remained on the board of the Staples Corporation and Marriott International, the LifeLike Corporation.
Lifelike and Staples were Bain acquisitions. To repeat: Romney said he attended board meetings of Bain companies in a period in which Bain says he had "absolutely no involvement with the management or investment activities of the firm or with any of its portfolio companies." And this was under oath:
QuoteI returned for most of those meetings. Others I attended by telephone if I could not return.
So 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." But during that period, he attended board meetings of Bain companies and made several business trips back to Boston.
So did Romney lie under oath or is Bain lying today? I'd say Romney's best bet is to stick with his under-oath testimony and to his SEC filing and admit that he was responsible for what Bain did - legally and practically - in the period in question, even if he was part-time. Otherwise, he could have committed a crime. The only problem with conceding this is that it opens up a whole can of worms about investments and decisions by Bain in those years - and possible inquiries into conflicts of interest as he drummed up dollars for Salt Lake City's Games.
Quote from: MusicMan on July 13, 2012, 11:49:11 AM
Here is the link.
http://www.huffingtonpost.com/2012/07/12/mitt-romney-bain-departure_n_1669006.html?utm_hp_ref=politics
Thank you sir.
seems like instead of campaigning on it, Obama needs to turn this over to a federal prosecutor. Incorrect SEC filings are not taken lightly.
Yes that sounds appropriate. If they dig a little they are also going to have to reveal to the Press that he may have falsified other voter registration documents as well. (At one point he claimed to be living in his son's basement during part of this time while he clearly was not (he was saving the Olympics in SLC).
If he is running on his 'character' as a strength he could be in a serious trouble over these things.
It might also cause some problems with his base that their nominee was the "sole stockholder, chairman of the board, chief executive officer, and president" of a private equity firm that invested in a post-abortion fetus disposal enterprise: http://www.motherjones.com/politics/2012/07/romney-bain-abortion-stericycle-sec
God, I hope neither candidate is actually running on their character.
http://www.cnn.com/2012/07/12/politics/john-king-bain/index.html?hpt=hp_c1
Even CNN says that the Boston Globe article is not accurate.
Romney himself said, (paraphrasing) "I participated in Board meetings. If I couldn't be there in person then
I did it on a conference call." (I wonder if he flew back and forth on a Bain jet?)
His attorney said his private and personal life continued "unabated." Those were his exact words.
I'm mean, those are his words, no one elses.
So I don't care what a CNN dude says.
Quote from: carpnter on July 13, 2012, 12:43:57 PM
Even CNN says that the Boston Globe article is not accurate.
Just because he was listed as the CEO, sole owner and managing director of Bain means he has no actual responsibility for the company? Talk about BS. However involved he was, he was still legally and morally responsible for the company he still owned and didn't transfer ownership of
for three years.
Romney was still listed at the SEC as the company's sole owner and CEO. With that title, Romney is responsible for everything Bain did from 1999 until he was formally removed from that position. That's why CEOs are paid the big bucks, because ultimate responsibility rests with them.
Quote from: finehoe on July 13, 2012, 02:15:45 PM
Quote from: carpnter on July 13, 2012, 12:43:57 PM
Even CNN says that the Boston Globe article is not accurate.
Just because he was listed as the CEO, sole owner and managing director of Bain means he has no actual responsibility for the company? Talk about BS. However involved he was, he was still legally and morally responsible for the company he still owned and didn't transfer ownership of for three years.
Romney was still listed at the SEC as the company's sole owner and CEO. With that title, Romney is responsible for everything Bain did from 1999 until he was formally removed from that position. That's why CEOs are paid the big bucks, because ultimate responsibility rests with them.
So I guess you know all of the details regarding the transfer of ownership of the company? Should Romney have just given his ownership stake in the company away to the rest of the board members without any compensation?
Just because he owned the company still does not mean he took part in its day to day operations.
There are plenty of things to attack Romney on, but this is not one of them.
I suppose if Romney can argue that being the CEO of a company doesn't mean you have any actual responsibility for it, which is a little troubling for a potential president's future accountability, don't you think? In fact, it sounds like Rumsfeld's view of being defense secretary.
Only one of Romney's stories can be true, and one of them was under oath. And if he really didn't do anything, then the issue is Romney's possible perjury in 2002 and 2011. The Republicans once impeached a president who committed perjury. Are they now going to nominate someone who did it as well - and insist it's no big deal?
Lies and hiding money all over the globe...he's a republican..what did you guys think was going to happen...i'm surprised we don't find a few wives packed here and there..this man could lie cheat and steal and republicans would still line up around the block to vote for him...look what they put up last time...i say they know not what they do.
I am sure that all of you have vetted the many Obama lies just as thoroughly.
The issue behind the issue is his honesty and accountability. He absolutely lived and worked in Utah while he was "saving" the Olympics. When the chance to run for Governor came up he ran back to Massachusettes and claimed he had never left. He did this in order to satisfy the resident requirement for Governorship. The state of MASS is very clear about what constitutes residency. The language reads something like " residency is established if MASS is the center of your professional, personal and social life." He and his attorney went before the elections commission and said I never left, my social and private life have carried on "unabatted." At the same time he filed documents with the SEC claiming to be the top dog at Bain. 100% sole owner of the company, CEO etc...................
And since some crappy stuff went on at Bain during that time he now wants to claim he had nothing to do with it, was totally disconnected. In front of the elections officials (2002) he claims he flew back and forth for Board meetings. By telling one little lie he has now had to keep on doing it to cover up the first one, lke a cat in a litter box. Now I guess he's hoping someone will scoop it out and dispose of it. Boston Globe thought it was necessary to put it out there. I agree.
The Republicans went to great lengths not to have Romney as their nominee. They supported a wide variety of wingnuts because the alternative was Romney. It should be clear to the country now: the Republicans got nothing. Absolutely nothing.
Whatever Romney did or didn't do or say, it doesn't matter. If he had five wives who all had five abortions each, it wouldn't matter. HE IS NOT OBAMA! And that is the reason and the only reason he will get any votes. Nothing else matters. The Republican establishment had to cram him down the throat of the party so that they would have any chance at all of winning the election.
Obama is the "other" to so many people that nothing else matters. He is a non-American, Muslem, Socialist, Fascist, Manchurian Candidate, extra-terrestrial alien, Trilateral Commission Member, Elder of Zion, and whatever other boogyman has ever been invented.
He is from the other tribe which hits at a deep, primitive, psychological level for lots of people. In West Virginia, an inmate at the state prison got more votes in the Democratic primary than Obama.
Romney is a white, well groomed, slick, SAFE, familiar kind of person, not some scary guy who doesn't look like our people.
Quote from: Dog Walker on July 13, 2012, 04:37:23 PM
Whatever Romney did or didn't do or say, it doesn't matter. If he had five wives who all had five abortions each, it wouldn't matter. HE IS NOT OBAMA! And that is the reason and the only reason he will get any votes. Nothing else matters. The Republican establishment had to cram him down the throat of the party so that they would have any chance at all of winning the election.
Obama is the "other" to so many people that nothing else matters. He is a non-American, Muslem, Socialist, Fascist, Manchurian Candidate, extra-terrestrial alien, Trilateral Commission Member, Elder of Zion, and whatever other boogyman has ever been invented.
He is from the other tribe which hits at a deep, primitive, psychological level for lots of people. In West Virginia, an inmate at the state prison got more votes in the Democratic primary than Obama.
Romney is a white, well groomed, slick, SAFE, familiar kind of person, not some scary guy who doesn't look like our people.
Obama is also Bush II.
Quote:
"Obama is the "other" to so many people that nothing else matters. He is a non-American, Muslem, Socialist, Fascist, Manchurian Candidate, extra-terrestrial alien, Trilateral Commission Member, Elder of Zion, and whatever other boogyman has ever been invented."
He also got just under 70,000,000 people to vote for him, the highest total in American history, and 10,000,000
more than voted for McCain. Anybody on this blog can get 70,000,000 people to show up for them, I'd be impressed.
Quote from: MusicMan on July 13, 2012, 10:27:57 PM
Quote:
"Obama is the "other" to so many people that nothing else matters. He is a non-American, Muslem, Socialist, Fascist, Manchurian Candidate, extra-terrestrial alien, Trilateral Commission Member, Elder of Zion, and whatever other boogyman has ever been invented."
He also got just under 70,000,000 people to vote for him, the highest total in American history, and 10,000,000
more than voted for McCain. Anybody on this blog can get 70,000,000 people to show up for them, I'd be impressed.
And the fact that he did so well, brought the crazies out of the woodwork. Many people suddenly found themselves in a country different from the one they thought they were in and it has sent them into a panic.
"Take Back America, Be American!" Have you ever really thought about the meaning behind that bumper sticker? What does it really mean? Take it back from whom? How does one "be" American other than living here?
Has any other president ever had so many weird conspiracy theories about them?
I don't think we are dealing with differences in political philosophy here. Obama has governed ( when he isn't being blocked by the House ) as a moderate Republican. I think we are dealing with an existential panic on the part of a large portion of the population; hopefully not a majority of voters. The very shrillness of Obama's opponents sounds like irrational panic to me.
I'm so sick of that political commercial with Hillary Clinton saying "Shame on you Barrack Obama" WAY back in 08' before Barrack was even president, when they both were debating senators. They make it seem like she said it a month ago or something, boy the Republicans are getting really desperate.