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Dublin: 2 °C Saturday 25 May, 2013

Obama says no apology to Romney over Bain attacks

Romney has faced questions over the fortune he earned at Bain Capital and when exactly he departed from his job at the company.

Image: David Goldman/AP/Press Association Images

MITT ROMNEY’S CAMPAIGN said yesterday that President Barack Obama is willing to say anything to win a second term and should say he’s sorry for attacks on the Republican’s successful career at a private equity firm.

“No, we will not apologize,” the president responded, adding that if Romney wants credit for his business leadership, he also needs to take responsibility.

Questions about Romney’s tenure at Bain Capital and the fortune he earned there have dogged the former Massachusetts governor as Obama and his allies have said the Boston based firm shipped jobs overseas.

Romney insists he left the company in February 1999 to take over the Olympic Games in Salt Lake City, but documents suggest he was still in charge as late as 2001.

Answers

Romney’s advisers, trying to explain the discrepancies between Romney’s account and federal documents, offered fresh explanations to shift the campaign back to more comfortable ground.

“He actually retired retroactively at that point,” Romney adviser Ed Gillespie said. “He ended up not going back to the firm after his time in Salt Lake City. So he was actually retired from Bain.”

A second adviser, Kevin Madden, said Romney had no choice but to have his name listed on Security and Exchange Commission documents as he sought to transfer the company’s leadership to partners.

“The reason that there is a document that had … his signature is because, during that transition from 1999 to 2002 … there was a duty to sign those documents,” Madden said.

Obama said Romney must square his explanation.

“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,” Obama told WAVY-TV in Portsmouth, Va, in an interview taped Saturday and posted on the station’s website Sunday.

“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.”

Obama’s advisers said that story won’t sell voters.

“Either you’re the CEO, president, chairman of the board of Bain Capital as you attest to the SEC or he’s telling the American people he bears no responsibility for that,” deputy campaign manager Stephanie Cutter said. “Both those things can’t be true. Either you’re in charge or you’re not.”

Apology

Romney has insisted he was not involved with Bain during the time it sent jobs overseas and had no day-to-day responsibility for the company. He said he wanted an apology from the president for implying otherwise.

“”No, we will not apologize,” Obama told the TV station.

Sen. Kelly Ayotte, R-N.H., said Obama’s attacks cheapen the presidency and are an attempt to distract voters from Obama’s record in office.

“With these attacks, it shows that he’s just a small politician and running on small-ball politics at a time when our country is facing grave, grave challenges,” Ayotte said.

Added Gillespie: “We now know this president will say or do anything to keep the highest office in the land — even if it means demeaning the highest office in the land.”

Negative campaigning

Romney’s campaign released a television ad Sunday asking why the president had stopped talking about hope and change, his signature message during the 2008 campaign, and criticizing him for a barrage of negative ads against Romney.

Obama’s allies also pushed Romney to release more than the one year of tax returns he has shared. Chicago Mayor Rahm Emanuel, Obama’s former top White House aide, noted Romney released 23 years of taxes to 2008 GOP nominee John McCain so he could be considered as a vice presidential nominee.

“John McCain’s people looked at it and went with Sarah Palin” as the No. 2 on the ticket that year. “Whatever is in there is far worse than the first year,” Emanuel said. “The Romney campaign isn’t stupid. They have decided that it’s better to get attacked on a lack of transparency, lack of accountability to the American people, versus telling you what’s in those taxes.”

Romney has refused and says that no amount of disclosure would satisfy his critics.

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Comments (10 Comments)

  • Meh, makes no difference who wins, they are both controlled by corporations with Military interests. The wars will continue regardless, and innocent children will continue to be murdered.

    The donation system needs to change.

    Reply
  • Barack Obama will get re-elected as US president in November and he will be there till 2016

    Reply
    • Emmie 17/07/12 #

      That’s really not the feeling I get from the Americans I know.

      Reply
    • Emmie, here’s an American telling you that there are a lot of polarisations in American society today. So one thing that cannot be relied on is the opinions of “the Americans I know.”. Unfortunately, polarisation means people hanging out with others that think like them which gives the illusion that those who think differently don’t exist. Unfortunately, for everyone concerned, this simply isn’t true.

      I wouldn’t yet be expressing ant confidence in an Obama win, but I know Biden is doing a lot of solid background work on his behalf (did you see his speech to the NAACP?). And I know that the Romney Bain connection is a huge turn off.

      More important are all the local and state elections, where the war on women, on gay people and on the teaching of proper science and history is being fought.

      There’s still a ways to go though.

      Reply
    • …and the war on the poor …

      Reply
  • What this company does should be illegal… at best, it is immoral. Romney is a Vampire in Mormon Clothing and under his leadership, Bain gutted companies, sucking them dry and leaving families in shambles without work or a means to provide for their children. Is this the type of leader we want? Read more about the role of Romney’s blood money in this election and the power of his sacred undergarments at http://dregstudiosart.blogspot.com/2012/05/mitt-romneys-magic-mormon-underwear.html

    Reply
  • Peter 16/07/12 #

    Ron Paul !

    Reply
  • Bain, and its fellows in the Wall street industry for the production of poor suckers (the world certainly hasn’t got enough, yet), is singularly anti-American.

    It continues to amaze me how the party that harps on ‘patriotism’ so much can be taken in by people whose delight is the continued impoverishment and degradation of their fellow Americans.

    The request for an apology for bringing up the Romney/Bain connection is laughable. Bain IS the basis for Romney’s claim to be an economic wizard with a magic wand to sort everything out. What else is there to talk about?

    Reply

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