Boston Globe embarrasses itself; makes Dems look like fools.

I'll put this in large print, like a first grade reader. Maybe it will sink in with a different format.

By DYLAN BYERS |
7/12/12 11:43 AM EDT

FactCheck.org is standing by their assessment that Mitt Romney did not actively manage Bain Capital after February 1999, despite today's Boston Globe report that he was CEO there until 2002.

"We see little new in the Globe piece. So far, nobody has shown that Romney was actually managing Bain — even part-time — during his time at the Olympics, or that he was anything but a passive, absentee owner during that time, as both Romney and Bain have long said," Brooks Jackson, a co-author of the FactCheck piece, told POLITICO today.

FactCheck.org

(It's on my clipboard, so when dealing with a retard, repetition is apparently required.)
 
So Romney committed a felony?

Wouldn't be the first time you folks elected a lawbreaker to office.

:lol:

No Sallow. The Boston Globe is the newspaper who originally ran a story saying Romney was at Bain for those years, now they are saying the opposite. Romney was NOT at Bain during 1999-2002. The filings were retirement accounts. Personal retirement accounts.

I'm not sure Obama is a lawbreaker. He hasn't been investigated and proven guilty of anything.
 
This just in.........
Obama has broken a federal law if he indeed committed rape and kidnapping.
Records show that while he was in Chicago, numerous girls were raped and held against their will.
If Obama is found guilty - he is a convicted felon.
Outrageous!!
 
This just in.........
Obama has broken a federal law if he indeed committed rape and kidnapping.
Records show that while he was in Chicago, numerous girls were raped and held against their will.
If Obama is found guilty - he is a convicted felon.
Outrageous!!
Nailed it (no pun intended).

Yeah, I mean rape is a FELONY!
 
CEOs don't really work, is that the take-away message?!?! :lol:
Well, your post's message is you're another idiot who can't be bothered with reading. So, I can't predict what message YOU took home.

It's the message the American people are taking home. Romney takes credit for Bain, except when it's inconvenient. :cool:
I'm sure folks are thrilled that you think the American people are morons like you.

But, go with that meme. You rarely have a grasp on reality as it is.
 
CEOs don't really work, is that the take-away message?!?! :lol:
Well, your post's message is you're another idiot who can't be bothered with reading. So, I can't predict what message YOU took home.

It's the message the American people are taking home. Romney takes credit for Bain, except when it's inconvenient. :cool:

Are you really that gullible?
Seriously...the accusation is just plain stupid. It has been clearly shown to be untrue - yet the Obama camp still pushes it since there are so many gullible sheep such as yourself still lapping it up.
It is incredibly common for the principle shareholder and particularly founder's to still maintain a title within the company but has no day to day responsibility. In fact it is not only common - but usual.
 
When obama determined to destroy poor Joe the Plumber for asking a question the media dutifully reported that Joe had not paid child support for many years. They also reported that it was a crime not to pay child support.

They just neglected to mention that he had custody of the child. But, the two items that made the news were technically true. Joe hadn't paid child support and non payment of child support is a crime.

This is more of the same. This is right out of the Chicago playbook. Without facts, rumor, innuendo and outright falsehood is just as good.
 
Meanwhile, FORTUNE has come across documents that show the Obama campaign and Boston Globe are lying. Links are at site:

Documents: Romney didn't manage Bain funds - The Term Sheet: Fortune's deals blog Term Sheet

Documents: Romney didn't manage Bain funds
By Dan Primack July 12, 2012: 2:41 PM ET

FORTUNE -- Mitt Romney did not manage Bain Capital's investments after leaving to run the Salt Lake City Olympic Games, according to confidential firm documents obtained by Fortune.

The timing of Romney's departure from Bain became a lightning rod earlier today, when The Boston Globe published an article suggesting that Romney remained actively involved with the firm longer than he and his campaign have claimed. The sourcing is largely SEC documents that list Romney as Bain Capital's CEO and sole shareholder through 2002 -- or three years after Romney officially left to run the Salt Lake City Olympic Games.

These claims are very similar to ones made last week by David Corn in Mother Jones, which we disputed at the time.

Now Fortune has obtained new evidence that supports Romney's version of events.

Bain Capital began circulating offering documents for its seventh private equity fund in June 2000. Those documents include several pages specifying fund management. The section begins:

Set forth below is information regarding the background of the senior private equity investment professionals of Bain Capital. Also listed are certain investment professionals responsible for the day-to-day affairs of the Brookside and Sankaty funds, which are affiliated funds of Fund VII.

It then goes on to list 18 managers of the private equity fund. Mitt Romney is not among them. Same goes for an affiliated co-investment fund, whose private placement memorandum is dated September 2000.

Then there is Bain Capital Venture Fund -- the firm's first dedicated venture capital effort -- whose private placement memorandum is dated January 2001. Romney also isn't listed among its "key investment professionals," or as part of its day-to-day operations or investment committee.

All of this could prove problematic for the Obama campaign, which has spent they day crowing over the Globe story (going so far as to hold a media call about it).

"When Mitt Romney ran for governor and now as he's running for president, he consistently claimed he could not be blamed for bankruptcies and layoffs from Bain investments after February 1999 because he departed for the Olympics," said Obama spokeswoman Stephanie Cutter, according to the Globe. "Now, we know that he wasn't telling the truth."

But the contemporaneous Bain documents show that Romney was indeed telling the truth about no longer having operational input at Bain -- which, one should note, is different from no longer having legal or financial ties to the firm.

As Fortune wrote earlier, Romney left Bain suddenly -- rather than as part of an organized transition plan -- after being asked to lead an Olympic organizing committee that had spiraled out of control. Moreover, it was unclear in February 1999 if Romney's leave of absence would be permanent, or if he would return (as he had in 1994, after losing a U.S.Senate race to Ted Kennedy). He didn't formally give up his title and firm ownership until 2002, once the Games had been successful and he was interested in other elective office. In the interim, he continued to fulfill legal obligations such as signing certain documents -- but actual investment and managerial decisions were being made by others.

After being informed of the Bain Capital documents, Obama spokesman Ben LaBolt emailed over the following statement:

"Mitt Romney either misled the American people or misrepresented himself to the SEC. Romney has said he had no authority or responsibility for managing Bain since 1999, but that has been proven false. Regardless of whether he was on the management committee for this particular deal, he remained President, CEO, and Chairman of the Board and he was legally responsible for every investment and decision made by Bain."
 

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