Mitt Romney’s Own 2002 Testimony Undermines Bain Departure Claim
WASHINGTON — Mitt Romney’s repeated claim that he played no part in executive decision-making related to Bain Capital after 1999 is false, according to Romney’s own testimony in June 2002, in which he admitted to sitting on the board of the LifeLike Co., a dollmaker that was a Bain investment during the period.
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.
Mitt Romney Tax Returns Are True Target Of Obama Campaign Attacks
Romney, they said, may have lied to federal regulators about when he stopped working for Bain. But, even if he did tell the truth, they argued, he remained legally responsible for decisions made at the firm after he reportedly left. The attacks took some effort to untangle. But the end game of the strategy is clear: it allows the Obama campaign to renew calls that the Republican presidential nominee release his tax returns.
“This could all be cleared up if they didn’t have anything to hide, like releasing their tax returns, or by releasing Mitt Romney’s tax returns, rather,” said Stephanie Cutter, Obama’s deputy campaign manager.
Mitt Romney Bain Mess Shows Stonewalling Consequences
WASHINGTON — It takes perverse talent to turn a two-day mini-story into a major three-week distraction. But that is precisely what Mitt Romney’s campaign has done with a June 21 story in the Washington Post. As a result, they’re losing valuable media time playing defense when they should be using every waking second and news cycle to remind voters about how crappy the economy is, and why President Barack Obama should be blamed for it.
Harry Reid Mocks Mitt Romney’s Low Tax Bill, Offshore Accounts
“The nonpartisan Congressional Budget Office reported this week that in 2009 rates fell to their lowest level in more than 30 years,” said Reid (D-Nev.) in a Senate floor speech. “Much of that decline is thanks to President Obama, who has consistently fought to lower taxes for middle-class families over the last three and a half years,” he said.
The CBO concluded the low taxes likely extended into 2010 and 2011, although full data were unavailable.
“The average tax rate in this country fell to the lowest rate since 1979 –- 17.4 percent,” said Reid, adding, “Of course, that’s still a higher rate than Mitt Romney pays.”
Romney Loses Voter Confidence On Economy, Poll Shows
Voter confidence in Mitt Romney’s ability to fix the economy has slipped over the last month, according toa Pew Research Center poll released Thursday, erasing his edge over President Barack Obama.
Forty-eight percent of voters said Obama would do a better job improving economic conditions, compared to 42 percent for Romney. That’s a reversal from last month, when polling showed Romney leading Obama 49 percent to 41 percent.