Bain Capital May Be Romney’s Bane
The Bain Capital may well be Romney’s bane—as it should be, since Romney’s entire claim as job creator rests on his achievement with this company as its CEO. Naturally, first he argued that his success in creating jobs with Bain makes him the ideal choice in this environment of high unemployment in November. It didn’t however take long for the truth to be out, and the truth is that Bain Capital is not a job creator but a big time job destroyer, a perfect example of vulture capitalism as called by the Texas Governor Rick Perry, former rival of Romney. Now Romney is trying to run away from Bain Capital like a “scalded cat” as said by the Senate majority whip Dick Durbin of Illinois.
To contain the damages from Bain capital’s off shoring of US jobs, Romney now says that he left Bain Capital in 1999 to run Summer Olympics. However the company’s SEC filing shows Romney’s name as the CEO. Last Thursday, Obama’s deputy campaign manager Stephanie Cutter told reporters that either Romney was misrepresenting his position at Bain to the SEC “which is a felony, or he was misrepresenting his position at Bain to the American people to avoid responsibility for some of the consequences of his investments. And if that’s the case—if he was lying to American people –then that’s a real character and trust issue that the American people need to take very seriously.”
Romney campaign manager Matt Rhoades responded with, “President Obama’s campaign hit a new low today when one of its senior advisers made a reckless and unsubstantiated charge to reporters about Mitt Romney that was so over the top that it calls into question the integrity of their entire campaign. President Obama ought to apologize for the out-of-control behavior of his staff, which demeans the office he holds.”Continued on the next page