Romney: No role in Bain management after 1999 - Toshiba

 

[LACONIA, N.H. (AP) — His credibility under attack, Republican presidential

hopeful Mitt Romney insisted on Friday that he had "no role whatsoever in the

management" of a private equity firm after early 1999, and demanded that

President Barack Obama apologize for campaign aides who persist in alleging

otherwise.

 

"This is simply beneath the dignity of the presidency of the United States,"

Romney said in an interview on ABC, one of several he granted to network and

cable stations in hopes of extinguishing the controversy.

 

Under pressure from Democrats and even some Republicans to release tax

returns going back several years, Romney indicated he wouldn't do so. "You can

never satisfy the opposition research team of the Obama organization," he told

CBS.

 

[The precise role Romney played at the firm between 1999 and 2001 is important

not only because critics have raised questions about his truthfulness, but also

because Bain was sending jobs overseas during that period.

 

That, in turn, goes to the core issue of the race for the White House in

dreary economic times, Romney's claim that as a former businessman, he has the

ability to create jobs and finally pull the country out of a downturn that has

lingered throughout Obama's term. The Obama campaign has criticized Romney as

running a firm that pioneered job outsourcing.

 

Some Securities and Exchange Commission documents have surfaced suggesting

Romney played an active role in the Boston-based company through 2002. The

filings with the SEC place Romney in charge of Bain Capital from 1999 to 2001,

the period in which it outsourced jobs and ran companies that fell into

bankruptcy.

 

I'm not sure 1) who to believe here and 2) if the issue truly matters.

At first glance I thought this thread was going to be about who could destroy the US faster, Romney, Obama or Bain(Batman Supervillain). I like my thread more.

I think we learned from the 2008 election that past dealings have zero bearing on a candidate. This is a non issue.

Just another lie by Obama campaign to try to distract from poor economic reports. The whole administration just runs rough shot and makes up stories to discredit the opponent.

^ Evidently someone is lying.

And I don't think the timing is all that big a deal either. The man made countless millions by shipping jobs overseas. Doesn't really matter whether it was in 1999 or 2001.

Just the Obama way.. Attack and discredit. He did it during his senate campaigns and has continued it during his last campaigns. Any tactic to draw the media away from his dismal record. Obama has gained plenty by GE's massive outsourcing of jobs.

And I don't think the timing is all that big a deal either. The man made countless millions by shipping jobs overseas. Doesn't really matter whether it was in 1999 or 2001.

And you know this how??

And I don't think the timing is all that big a deal either. The man made countless millions by shipping jobs overseas. Doesn't really matter whether it was in 1999 or 2001.

 

Do you think all the Americans employed at Toyota in Georgetown and elsewhere in America (and all the other Americans benefitting off of those jobs) look at the issue of outsourcing jobs as a bad thing? Every American working in the US for a company owned by a foreign company has a job because those companies outsourced those jobs to America. Look around Maysville and you'll find foreign owned companies employing lots of folks. Those jobs were outsourced from a foreign country to Mason County.

^ Very good point, Leatherneck. We shop at Kroger and buy American cars, with paychecks from a foreign company.

And you know this how??

 

Are you the only person that doesn't know this?

^ Very good point, Leatherneck. We shop at Kroger and buy American cars, with paychecks from a foreign company.

 

Actually, I shop at Kroger and buy American cars with retirement checks from the Commonwealth of Kentucky.

Do you think all the Americans employed at Toyota in Georgetown and elsewhere in America (and all the other Americans benefitting off of those jobs) look at the issue of outsourcing jobs as a bad thing? Every American working in the US for a company owned by a foreign company has a job because those companies outsourced those jobs to America. Look around Maysville and you'll find foreign owned companies employing lots of folks. Those jobs were outsourced from a foreign country to Mason County.

 

So can I take it that you're happy with the balance of jobs being shipped overseas and jobs brought here?

 

Or more specifically, with the balance of jobs lost/outsourced by Bain Capital and jobs created/imported by them? To be fair, seems like a very mixed bag to me.

 

http://www.romneygekko.com/mitt/

 

 

http://www.bloomberg.com/news/2011-07-20/romney-as-job-creator-clashes-with-bain-record-of-job-cuts.html

So can I take it that you're happy with the balance of jobs being shipped overseas and jobs brought here?

 

Or more specifically, with the balance of jobs lost/outsourced by Bain Capital and jobs created/imported by them? To be fair, seems like a very mixed bag to me.

 

Mitt Romney and Bain Capital | Romney-Gekko 2012

 

 

Romney as Job Creator Clashes with Bain Record of Job Cuts - Bloomberg

So you have no problem with GE outsourcing more jobs during Obamas term than Bain ever did ?

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