The Boston Globe has broken the story that Mitt Romney remained CEO of Bain Capital until 2001, even though he has said he was not involved in deals after 1999. This story is being treated as some sort of revelation, Mitt Romney stayed at Bain 3 years longer than he stated:
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.”
Obama campaign officials are treating this as huge breaking news, even suggesting criminality if Romney falsely represented his position to the SEC.
It’s not. It’s old news, which I posted about in quoting the leaked McCain oppo research book on Romney:
Romney Served As CEO Of Bain Capital Through August 2001, Even Though He No Longer Ran Daily Operations. “Although he gave up running day-to-day operations at the venture capital firm in order to head the Salt Lake Winter Olympics, he remained CEO and held his financial interest in the company through August 2001.”
Guess who the McCain oppo research book cited for this information. Really, guess.
Okay, I’ll tell you, The Boston Globe (emphasis added):
Romney Served As CEO Of Bain Capital Through August 2001, Even Though He No Longer Ran Daily Operations. “Although he gave up running day-to-day operations at the venture capital firm in order to head the Salt Lake Winter Olympics, he remained CEO and held his financial interest in the company through August 2001.” (Stephanie Ebbert and Yvonne Abraham, “Camps Spar Over Romney Word Choice,” The Boston Globe, 10/31/02)
The article no longer is online, but references to it linger on the internet.
I assume Romney’s explanation has not changed, that he retained the role and duties of CEO, but gave up operational day-to-day control. That explanation either will fly or not; I think it should as even the new Globe article acknowledges that the Romney’s status was disclosed in SEC filings.
Whatever else it was, though, it’s old news repackaged by the same newspaper which first published it a decade ago.
Update: It gets worse. The Globe has taken down the story temporarily and will give partial credit to TPM and Mother Jones for a story The Globe originated a decade ago!
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Romney has always had a choice, which he could have made it months ago when he knew the nomination was his. He could have studied a little modern history and realized the nature of his enemies and predicted perfectly what the unholy alliance of the Obama Left and the media would do to him and tactics they would deploy against him, and 1. innoculated the Ameican public against them with a public education effort, and 2. gone on the attack himself by exploiting the utterly embarrassing richness of material Obama has generously provided him for the past three years, and formed his own narratives which would have had Obama reeling from pillar to post from now until November.
But this is not his nature or part of the DNA of the GOP, and so he has made the default non-decision to “play it safe” and thus is now responding to mind-numbingly obvious and predictable attacks a week after they hit.
Hmmm…
This seems pretty responsive…
http://www.powerlineblog.com/archives/2012/07/the-obsession-with-bain-continues.php
You must be living under a rock. The Romney camp has hit back with ads every time the left-run media pulls one of these stunts. http://youtu.be/L6b9F9IiAZw
And that ad is being linked on almost every conservative site, as well as being played on Rush Limbaugh. TODAY.
Thanks for the kind words. Now please provide one example of Mitt Romney driving a narrative that has put Obama and his mutantly lawless and constitutionally degrading administration on defense over any of his seemingly limitless offenses.
The virulent corruption (Michelle Malkin wrote a book); Fast and Furious and its assault on the 2nd Amendment (Katie Pavlitch wrote a book); the radicalized DOJ (J. Christian Adams wrote a book); Solyndra; the BP spill; the failed slush-fund stimulus; the bondholder subversive of the auto bailouts; the jackboot EPA; Czarina Sebelius and her death panels; the undisguised contempt for Israel; the abandonment of our border; the record number of EOs subverting the legislative process; the total Islamicized meltdown of the Middle East; the endless golf games? The list is inexhaustible, no?
But all we’re going to talk about is the “economy”?
But perhaps I shouldn’t be too harsh. Mitt has only had a year to come up with an attack plan, after all.
And what about the media? Nothing, not a word from Romney about their collusion with Obama? The media is an extension of the Obama campaign, just as it has been for democrats for a generation. But republicans are just supposed to accept this; it’s just our cross to bear?
Obama’s campaign may be surprisingly poorly run at this point, but Romney’s — given his material, given the fact Obama is the most grotesquely anti-American figure to occupy the White House in American hitory — is a flaccid joke, a tragically squandered opportunity, a pitiful excuse of a conservative response.
Romney may still win. Obama is simply that gobsmackingly bad. Boolah, boolah. I’m so inspired.
I’m with Rush Limbaugh. I hate whiners. Go crawl back under your rock. You bore me.
Romney is still running a very good summer campaign. I don’t know why some of you can’t see how much flailing around the amateurs in Obama’s campaign are doing.
raven can’t see anything outside of his narrow sphere. He knows nothing of political strategy, and even when you show him evidence, he whines.
CNN reported last night that the accusations from Team Obama of felonious conduct are sheer nonsense and lies — and got that message from four executives at Bain, two of whom are “active” supporters of Barack Obama. John King spoke to all four, three of whom are Democrats, and all four said that Mitt Romney left Bain in a big hurry in 1999 in order to work full time on rescuing the Salt Lake City Olympics. The rushed departure created a lot of paperwork headaches as Bain tried to unwind Romney from leadership, which required a significant amount of time. That’s why the company had Romney’s name on their SEC paperwork the next two years
I knew I read all this before. I am tweeting this link to all the media covering this.
Oh great! Now our classically trained unbiased professional journalists will be able to report that Romney has maybe been committing a felony dating all the way back to the last century, maybe even the last millennium.
If Romney were to announce he is part Cherokee according to family lore,
AND
If Reverend Wright’s name were to be changed to Reverend Bain …
Then boy oh boy would the mainstream media’s laserbeam focus shift in an instant, no?
Whaddya mean “No”?
lol, yup! There would be no problem if Romney simply claimed to be a woman of color!
Awww… But it gives the moonbat-0-sphere something to set their hair on fire over.
They are REALLY needing something to keep them away from the razor blades and luke-warm bath these days!
The press in this country is just disgusting. This company should simply change its name to The Democrat Party Loving Boston Globe.
I’m finding this hilarious. The left is panicking. They’re desperate to nail Romney, and it will backfire in their faces.
I know! Finally, they want to talk about lies and felonies … Paging Eric Holder!
DOJ to Train Black Pastors to Campaign for Obama
Calling people felons while using an arm of the federal government as a campaign tool.
-Precious.
In other news, Pres. Obama will never again try drugs enthusiastically or eat dog, but Mexican gangs supplied with automatic weapons from the A.T.F. is not such a bad thang.
Carry on.
Stephanie Ebbert and Yvonne Abraham, “Camps Spar Over Romney Word Choice,” The Boston Globe, 10/31/02
An abstract/summary is here. The full article is available for purchase.
Never Fear, Breitbart Is Here
FLASHBACK: FORMER ‘BOSTON GLOBE’ REPORTERS CRITICIZED ROMNEY FOR LEAVING BAIN IN 1999
The very sharp John Nolte strikes again.
For those of you who want to do more than just rage in silence against the machine from now till November…
The comment sections at Leftist outlets are often overlooked as a strategic venue for disrupting the effect of the Left’s media complex. If you see a headline that’s written to aid Obama’s re-election, then create dissonance and dissent at these places because there’s a sizeable national audience of non-commenting swing voters who treat the comments as an extension and validation of the article.
Your presence at these sites can be the tipping point for the undecided who need some visual cue that it’s ok to NOT vote for Obama.
Rule of Thumb for Web Minutemen. Identify Headline at high traffic MSM sites. Shoot. Vanish into the shadows. Don’t hang around to gaze at the replies or collect likes. You’ll get none. Don’t reply to comments. Your shot should call out the writer by name, state their inaccuracy, hypocrisy of regime and end on a positive note. (e.g., change direction this november).
I’ve followed up this Legal Insurrection’s post with meaningful action. You can do the same.
Use a proxy server and you can got back under multiple user names. I know, it’s a dirty trick in some quarters, but it’s time to drop the Marques of Queensberry in favor of Krav Maga.
Google “using a proxy server”. I use one in Sweden, the last frontier of Internet freedom.
👿 😀
The mantra of the Left: Reduce, Reuse, Recycle. Guess the Boston Globe figures two out of three ain’t bad –
[…] A good catch by Legal Insurrection. Not only is the “when did Romney quit Bain?” attack line old enough to have appeared […]
Ho-hum… another ideologically-dishonest, dead-tree, fishwrap circlin’ the drain.
Bainther: Ignorant Lefty who continues to believe disproven smears about Romney’s Bain record.
Boston Globe: Chooming The News Since 2008
Where was all of this “investigative reporting” when Obama was running?
And while on the subject of “criminality”, what about Bill Ayers and Fast and Furious?
And that Rezko “gentleman”?
[…] Boston Globe repackages its 2002 Romney Bain CEO story as breaking news (legalinsurrection.com) […]
[…] UPDATE: Prof. Jacobson writes that the recycling goes farther than that: “Actually, The Globe ran the story 10 years ago in 2002 and it was part of McCain’s oppo research book. The 2002 story was revived during the primaries this year when the McCain oppo research book was leaked. Question for TPM and Mother Jones, where did they get the story? Did they lift it from the Globe, which is too ignorant of its own archives to realize that they were first to the story by a decade?” […]