Our Left Blogistani friend Shaw Kenaw spills it all in garish detail at her blog, Progressive Eruptions.
The lefties think they've found a lie:
He said he left the company, but his SEC filings show he still held ownership. There is no lie, and there is no inconsistency. His words, his actions and his official paperwork all agree that he held stock in the company but took no part in operational decisions. He also stated this in his Public Financial Disclosure Report he had to file to run for president.
It's a simple matter, but the left doesn't let a few facts get in the way of a good mudball fight.
Conn Carroll quotes George Mason University law school corporate law professor J.W. Verret:
The Washington Post gave the Obama Campaign Three Pinnocchios for it brazen lies and shameless smear campaign. Much of this can be chalked up to slobbering Obama-worshipers not pausing to understand Securities and Exchange Commission legalese, preferring instead to stubbornly maintain studious ignorance and fan the flames in order to mislead as many voters as possible.
Here's the best conclusion I've read, given the unhinged Obama campaign's penchant for over-heated rhetoric.
In the end, all the lefties will be left with is a sniveling charge that Romney outsourced jobs. Well, Obama did too. The WaPo gives the GOP 4 Pinocchio's for making the charge, while backhandedly admitting the charge is kinda true given the Obama charges against Romney. The valuable part of the article is their defense of oursoursing.
Go read it for yourself: A Guide to the GOP's Charges
For extra credit, read this, also from WaPo: Off-Shoring Creates as Many Jobs as it Kills, Study Finds
Here's the study: Immigration, Offshoring and American Jobs
This campaign will be a long, muddy slog, and the unhinged left will stop at nothing to keep their messiah on the throne. Information is our ammo.
It's a simple matter, but the left doesn't let a few facts get in the way of a good mudball fight.
The part about lying to the SEC is absurd, since the SEC doesn't require an owner to be the operational decision-maker (Romney delegated such responsibilities, as is his right). (CNN Money)For ordinary, rational people, that ends it, which is why the press, when they cover this, do so as a side-show, not potential criminality of a presidential candidate. But we're not dealing with ordinary, rational people; we're dealing with Obama voters who inexplicably plan to pull the lever for him again.
Conn Carroll quotes George Mason University law school corporate law professor J.W. Verret:
The Boston Globe seems to be confused about the SEC filings. They refer to Bain Capital VI, an investment distinct from what we commonly know as “Bain Capital.” Saying that Governor Romney was the CEO of Bain Capital VI is like saying that I am the CEO of my retirement account… its a silly bit of legalese but it doesn’t mean I am CEO of all the companies in which I invest.
As a securities lawyer, if the former CEO of a private equity fund had asked me for advice about what to say in an SEC filing of this type, who had retired from a company and who maintained an ownership stake but otherwise had no involvement in its management or investment strategies, I would have advised inserting the language referenced by the Boston Globe in the filing out of an abundance of caution. (Conn Carroll)Washington Post and Fact Check also debunk the Leftist Lies
The Washington Post gave the Obama Campaign Three Pinnocchios for it brazen lies and shameless smear campaign. Much of this can be chalked up to slobbering Obama-worshipers not pausing to understand Securities and Exchange Commission legalese, preferring instead to stubbornly maintain studious ignorance and fan the flames in order to mislead as many voters as possible.
In the Massachusetts document, Romney is also listed as 100 percent owner of “Bain Capital Inc.” But there is less than meets the eye here. Bain Capital Inc. was the management firm, which was paid a management fee to run the funds and actually made virtually no profit, since it existed to pay salaries and expenses. After Romney formally left Bain in 2001, a new entity called “Bain Capital LLC” took over the management function.
By virtually all accounts, Romney was focused on Olympics in the 1999-2002 period. Yet because Romney had not legally separated from Bain, his name is littered across Securities and Exchange Commission filings concerning Bain Capital deals during this period. The crazy quilt of private-equity structures, in some ways, makes his ownership appear even more ominous, as the filings list hundreds of thousands of shares controlled by Romney.
Even so, it is a real stretch to claim that Romney — himself! — “closed” these stores. No evidence has emerged that he was involved in the KB Toys transaction. Indeed, when creditors sued over the dividend payment, they named six Bain-controlled entities and three Bain executives who had served on the board of KB Holdings.They go on to say Romney was not listed in the lawsuit, concluding...
In other words, creditors apparently had determined Romney was only a passive investor. (WaPo)FactCheck.org, hardly a rightwing propaganda outlet, has an excellent debunking of this idiocy, complete with lots of links to source documentation.
Here's the best conclusion I've read, given the unhinged Obama campaign's penchant for over-heated rhetoric.
But if it is a felony, then why isn’t the nation’s top law enforcement officer, Obama, prosecuting Romney?
Either Obama’s Bain attacks are all lies or he has granted amnesty to a Wall Street felon. Which is it? (Conn Carroll)Outsourcing Schmoutsourcing...
In the end, all the lefties will be left with is a sniveling charge that Romney outsourced jobs. Well, Obama did too. The WaPo gives the GOP 4 Pinocchio's for making the charge, while backhandedly admitting the charge is kinda true given the Obama charges against Romney. The valuable part of the article is their defense of oursoursing.
Go read it for yourself: A Guide to the GOP's Charges
For extra credit, read this, also from WaPo: Off-Shoring Creates as Many Jobs as it Kills, Study Finds
Here's the study: Immigration, Offshoring and American Jobs
This campaign will be a long, muddy slog, and the unhinged left will stop at nothing to keep their messiah on the throne. Information is our ammo.
