Romney's Clear-as-Mud Bain Explanation
By Molly Ball
Jul 13 2012, 9:36 PM ET
Mitt Romney gave a round of television interviews late Friday in an attempt to beat back the escalating firestorm over when he actually stopped running Bain Capital, a sign his campaign was reluctantly acknowledging the potential political damage from the issue. But despite getting asked more or less the same question by interviewers from ABC, CBS, CNN, Fox News and NBC, Romney didn't have a simple answer as to what his role at Bain was between 1999 and 2002. Take this passage from his interview with CBS's Jan Crawford:
CRAWFORD: But you were the sole owner? I mean, how should we be thinking about this? What was your role? You were the sole owner until 2002?
ROMNEY: I was the owner of a, of the general partnership but there were investors which included pension funds and various entities of all kinds that owned the, if you will, the investments of the firm. But I was the owner of an entity which was a management entity. That entity was one which I had ownership of until the time of the retirement program was put in place. But I had no responsibility whatsoever after February of '99 for the management or ownership - management, rather, of Bain Capital.
<..> The problem for Romney, though, is that the tax question inevitably boils down to, "If he has nothing to hide, why doesn't he just show us his taxes?" The answer to that question is that Romney has never claimed to have nothing to hide. In the returns we've already seen, there was plenty that Romney would have preferred to keep hidden, from a Swiss bank account to a shell company in Bermuda. The implication of Romney's refusal to disclose more is that the political flak he continues to take for his secrecy is still thought to be less painful than the potential public financial colonoscopy. And that will lead many to conclude that he does, indeed, have something to hide.
http://www.theatlantic.com/politics/arch...on/259834/
I saw a few minutes of the CNN interview just awhile ago and thought Willard didn't answer the question.....he repeated what he has said before. That wasn't giving information, it was that shit eating grin telling the peasants to get off his back because this is all you're gonna get.
Keep the Bain ads coming hot and heavy. And the SEC needs to investigate just who was the sole owner and boss of Bain until 2002.