Obama Says No Apology

President Obama told WAVY-TV that his re-election campaign will not apologize to Mitt Romney for saying he outsorced jobs while CEO of Bain Capital.

Said Obama: “No. We will not apologize. Mr Romney claims he’s Mr. fix-it for the economy because of his business experience, so I think voters entirely legitimately want to know what is exactly his business experience.”

“And as the head of a private equity firm his job was to maximize profits and help investors. There is nothing wrong with that. On the other hand that company also was investing in companies that were called by the Washington Post ‘the pioneers of out sourcing.’ Mr. Romney is now claiming he wasn’t there at the time except his filings with the SEC listing says he was the CEO, Chairman, and President of the company. As President of the United States, I’ve learned and we just talked about it, anything that happens on my watch is my responsibility. Harry Truman said ‘the buck stops with me’ and I think understandably people are going to be interested in are you in fact responsible for this company you say is one of your primary calling cards for your wanting to be President.”


Obama Responds to Romney Request for Apology

Mitt Romney asked for an apology  from President Obama on the attacks over Romney’s tenure at Bain Capital.

The Obama campaign responds with a video.

See more…


Obama Slams Romney on Outsourcing Again

President Obama’s re-election campaign is up with a new ad featuring a soundtrack of Mitt Romney singing.

The ad is running in Colorado, Florida, Iowa, North Carolina, New Hampshire, Nevada, Ohio, Pennsylvania and Virginia.

See more…

Conservatives Blast Romney on Tax Returns

Conservative columnist George Will slammed Mitt Romney on ABC News for failing to fully release information on his tax returns and offshore accounts, saying Romney “must have calculated that there are higher costs in releasing them.”

Said Will: “If something’s going to come out, get it out in a hurry. I do not know why, given that Mitt Romney knew the day that McCain lost in 2008 that he was going to run for president again that he didn’t get all of this out and tidy up some of his offshore accounts and all the rest. The cost of not releasing the returns are clear. Therefore, he must have calculated that there are higher costs in releasing them.”

GOP strategist Matthew Dowd had a similar view: “There’s obviously something there, because if there was nothing there, he would say, ‘Have at it.’ So there’s obviously something there that compromises what he said in the past about something.”

Meanwhile, William Kristol told Fox News: “He should release the tax returns tomorrow. It’s crazy. You gotta release six, eight, 10 years of back tax returns. Take the hit for a day or two.”


Quote of the Day

“If you have things to hide, then maybe you’re doing things wrong. I think you ought to be willing to release everything to the American people.”

— Alabama Gov. Robert Bentley (R), quoted by the AP, calling on Mitt Romney to release his tax returns.


Romney “Retired Retroactively” from Bain

Romney adviser Ed Gillespie, seeking to explain discrepancies in the timeline when Mitt Romney actually left Bain Capital, said there “may have been a thought at the time that it could be part time, but it was not part time,” The Hill reports.

Said Gillespie: “He took a left of absence and in fact he ended up not going back at all, and retired retroactively to 1999 as a result.”


Another Document Contradicts Romney’s Bain Timeline

The Huffington Post finds yet another document that contradicts Mitt Romney’s continued insistence that he ended his active role with Bain Capital in early 1999.

The corporate document filed with the state of Massachusetts in December 2002 — a month after Romney was elected governor — lists him as one of two managing members of Bain Capital Investors, LLC “authorized to execute, acknowledge, deliver and record any recordable instrument purporting to affect an interest in real property, whether to be recorded with a Registry of Deeds or with a District Office of the Land Court.”


Romney Admitted in 2002 He Never Cut Ties to Bain

Politicker: “Back in 2002 when he was running for Governor of Massachusetts, Mitt Romney and his aides had no problem admitting he retained his position as CEO of Bain Capital after 1999. Press articles from the time describe how Mr. Romney was on a ‘leave of absence’ after 1999 and had not fully cut ties with the private equity firm.”

Dave Weigel quotes a Boston Herald article when Romney left the firm in February 1999: “Romney said he will stay on as a part-timer with Bain, providing input on investment and key personnel decisions.”

Meanwhile, Daily Kos has a press release from mid-1999 that describes Romney as being “part-time.”


Can You Really be CEO with No Responsibilities?

Glenn Kessler defends Mitt Romney’s assertion that he left the helm of Bain Capital in 1999 by arguing the language saying he was “sole stockholder, chairman of the board, chief executive officer, and president” was boilerplate… there is no standard definition of a “chief executive”… no requirement for anyone to have any responsibilities even if they have that title.”

Brad DeLong: “It would be very unusual for somebody to have the titles… and to have no responsibilities whatsoever. In fact, I defy Glenn Kessler to come up with any example of anybody anywhere- — save for Mitt Romney — who has been characterized to the SEC as ‘sole stockholder, chairman of the board, chief executive officer, and president’ and also claimed to have no responsibilities whatsoever and to have merely been a passive investor.”

Meanwhile, BuzzFeed has a SEC filing that might be the hardest for Romney to explain.


Sarah Palin Still Waiting for Romney Invite to Tampa

Mitt Romney hasn’t invited Sarah Palin to the Republican convention and the Tea Party is livid, Newsweek reports.

“What galls the Tea Party activists is the sense that Romney represents a lost opportunity for their agenda of less government, flatter taxes, and constitutional restraint. Facing a vulnerable president saddled with a bad economy and a crisis in the public sector, they feel stuck with a guy served up by Republican elites who speaks conservatism with an establishment accent. Worse, in this view, Romney seems incapable, or unwilling, to even defend himself, as the Obama campaign machine highlights his offshore bank accounts and his career at Bain Capital.”


Weiner Mulls Political Comeback

Former Rep. Anthony Weiner (D-NY) — who is sitting on a $4.5 million campaign war chest — “is mulling a bid for citywide office next year and ‘seriously considering’ a mayoral run,” the New York Post reports.

“Weiner, 47, has even spoken to former staffers about going back to work for him… And he wants to run soon because the public match on his campaign funds are due to expire after the 2013 election.”

“The buzz in political circles is that the sext-happy Weiner has a better shot at public advocate — a $165,000-a-year job viewed as a ‘cleansing’ post where he could put his character issues further behind him as he prepped for a 2017 mayoral run.”


Scott Remains Unpopular in Florida

A new Mason-Dixon poll in Florida finds Gov. Rick Scott’s (R) positive name recognition also remains low, with 29% of voters viewing him favorably, 37% unfavorably, 30% neutral and 4% with no opinion.

Explore posts in the same categories: Candidates, National, Politics

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