Mario Piperni on Bain and Truthiness

Romney’s Tangled Web of Lies Comes Tumbling Down

July 12, 2012 By

No one likes a pathological liar, especially one who accuses his opponent of lying about the lying. The Romney’s campaign latest attack on Obama has been to accuse the President of lying about Romney’s involvement in outsourcing jobs while at Bain Capital. His defense has been to claim that the outsourcing occurred after he left Bain in 1999. Documents uncovered by the Boston Globe tells a different story.

Government documents filed by Mitt Romney and Bain Capital say Romney remained chief executive and chairman of the firm three years beyond the date he said he ceded control, even creating five new investment partnerships during that time.

Romney has said he left Bain in 1999 to lead the winter Olympics in Salt Lake City, ending his role in the company. But public Securities and Exchange Commission documents filed later by Bain Capital state he remained the firm’s “sole stockholder, chairman of the board, chief executive officer, and president.”

Also, a Massachusetts financial disclosure form Romney filed in 2003 states that he still owned 100 percent of Bain Capital in 2002. And Romney’s state financial disclosure forms indicate he earned at least $100,000 as a Bain “executive” in 2001 and 2002, separate from investment earnings.

The timing of Romney’s departure from Bain is a key point of contention because he has said his resignation in February 1999 meant he was not responsible for Bain Capital companies that went bankrupt or laid off workers after that date.

The slime just keeps on oozing out of Romney. This latest revelation along with his offshore bank accounts, his refusal to release tax returns filed before 2010, his Etch-a-Sketch persona and lack of core convictions, strapping his dog to the roof of his car for a 12 hour drive, bullying and terrorizing a young gay man while in school and more paints a picture of a man more suited to the role of dastardly villain than anything else.

After putting up George W. Bush and John McCain as their presidential nominees, the Republican Party now comes up with Mitt Romney. What more do you need to know about the state of the GOP?

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(The Romney source photograph is a Creative Commons licensed image from photographer Gage Skidmore.)

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One response to “Mario Piperni on Bain and Truthiness

  1. Pingback: Romney caught Lying Again & Again & Again about Bain Capital « Reclaim America From The Lunatic Fringe!

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