Saturday, July 14, 2012

Mitt Romney Bain Mess Shows Stonewalling Consequences

http://www.huffingtonpost.com/2012/07/13/mitt-romney-bain-mess_n_166  9828.html?ir=Politics


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.
First, here is what the Romney camp did wrong. They screwed up even before thePost story appeared, by stiffing the paper and not giving the reporter answers to questions about Romney and his company Bain Capital. Bain had invested in companies that were developing business in domestic outsourcing and foreign offshoring of production costs. But rather than answer, Bain issued a bland non-statement. If Romney and Bain had engaged on the story in advance, they might have been able to explain the difference between outsourcing and offshoring. They also might have been able to point out that this was a small part of the business, and an unavoidable trend that, in fact, protected many American jobs by making the American-based companies in question more efficient.
The Romney camp in Boston waited a full six days to hit the alarm box after the story was published, and long after the Obama camp took the headline and facts in the story and twisted them to their own advantage. This is an eon of time in modern campaigning, when every tweet is its own news cycle. And as if to highlight their slow-off-the-mark response, the Mittsters formed a delegation and flew to Washington to personally demand a retraction by the paper, which they accused of conflating outsourcing with offshoring. Having brushed off the paper in advance, they arrived with a dossier and demanded results. Not surprisingly, they failed.
Around that time, the Romney camp committed its biggest mistake, basing their defense of the candidate on the theory that he had bowed out of any role in Bain as of early 1999, and, as such, could not be blamed for any offshoring, consulting or other work that Bain did thereafter.
question was -- and is -- whether Mitt Romney was really and truly dialed out of Bain, and too busy in Salt Lake City with preparing for the Olympics to notice that American jobs were being shipped overseas?
Fortune magazine found some documents supporting Romney's narrative. But others found that, in SEC filings, Romney's name was listed as the leader of record of Bain through 2002
The Huffington Post reported on Thursday that, as he prepared to run for governor of Massachusetts in 2002, Romney suddenly had an interest in showing that he WAS involved in Bain business from 1999 to 2002.
Romney and entire right wing oriented entities are either liars or in spite of their business acumen were the victims of a cruel chain of events that caught them with their heads up each othe
short and sweet who's zoomin' who?