Mitt Romney's not the solution. He's the problem says Obama.
Questions about Romney’s tenure at Bain Capital and the fortune he earned there have dogged the former Massachusetts governor as Obama and his allies have said the Boston-based firm shipped jobs overseas. Romney insists he left the company in February 1999 to take over the Olympic Games in Salt Lake City, but documents suggest he was still in charge as late as 2001.
Romney’s advisers, trying to explain the discrepancies between Romney’s account and federal documents, offered fresh explanations to shift the campaign back to more comfortable ground.
“He actually retired retroactively at that point,” Romney adviser Ed Gillespie said. “He ended up not going back to the firm after his time in Salt Lake City. So he was actually retired from Bain.”
A second adviser, Kevin Madden, said Romney had no choice but to have his name listed on Security and Exchange Commission documents as he sought to transfer the company’s leadership to partners.
“The reason that there is a document that had ... his signature is because, during that transition from 1999 to 2002 ... there was a duty to sign those documents,” Madden said.
The exact 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.
Read more: Obama says no apology to Romney over Bain attacks | Lubbock Online | Lubbock Avalanche-Journal
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