For a long time Mitt romney has said he left Bain Capital to run the 2002 Olympics in 1999. He has done so, in part to protect him from allegations that Bain profited from bankrupting companies and from outsourcing jobs. After all, both of those actions plays against the Romney narrative that his tenure at Bain qualifies him as a job creator here in the USA. Alas, he lied.
He lied in one way for supporting a Chinese firm that made its money exactly from outsourcing. How many millions did Romney reap from this bleeding of American jobs? Nobody knows, because Mitt won’t tell us. But this certainly puts the lie to Romney’s statement in February, from the Telegraph:
“If I’m President of the United States, I will finally take China to the carpet and say ‘look you guys, I’m going to label you a currency manipulator and apply tariffs unless you stop those practices.’ We will not let China continue to steal jobs from the United States of America,” Mr Romney said in a speech in Farmington Hills, Michigan.
He claims that if someone cheats and steals, in order to grow their personal wealth, we should make them pay. Sure, Mitt was talking about the Chinese, but Mitt Romney’s own biography is showing that he cheats and steals to grow his own personal wealth. Forget that Barack Obama is already enforcing fair trade at a more aggressive rate than any President for the last 20 years.
But this is about Romney’s lie. His campaign has said repeatedly that he left the management of Bain Capital in 1999. That ain’t so, at least according to the SEC documents submitted by Bain in 2000, 2001 and 2002, and signed by Mitt Romney. According to the Boston Globes uncovering of those documents. Indeed, Romney was paid as the principal of Bain well after 1999:
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.
Do we need reports about Romney supporting the Chinese outsourcing firm, as reported by David Korn? No. The differences between what Romney is reporting to the FEC conserning his wealth, and what he reported to the SEC are enough to show he lied, lies that for other American citizens would cause investigations into fraud and crimes. Why isn’t Romney subject to criminal investigation, as asked by Americablog?
The real issue here is that Mitt Romney lies, time and time again, and that he isn’t called on it in the national media. He is an elitist snob who thinks he can get away with it. But the bottom line is that Romney would not be even a Vice Presidential candidate by his own vetting if he were the subject of that vetting. Joe Trippi is right on that count. Romney’s failure to show the American public the 23 years of tax returns he showed John McCain 4 years ago are telling, and it is high time the mainstream press pressed him on this issue.