Mitt Romney's Own 2002 Testimony Undermines Bain Departure Claim

[Cali_Democrat]

Posted: 07/12/2012 6:54 pm Updated: 07/12/2012 7:02 pm

WASHINGTON -- Mitt Romney's repeated claim that he played no part in executive decision-making related to Bain after 1999 is false, according to Romney's own testimony in June 2002, in which he admitted to sitting on the board of the Lifelike Co., a doll maker that was a Bain investment during the period.

Romney has consistently insisted that he was too busy organizing the 2002 Winter Olympics to take part in Bain business between 1999 and that event. But in the testimony, which was provided to The Huffington Post, Romney noted that he regularly traveled back to Massachusetts. "[T]here were a number of social trips and business trips that brought me back to Massachusetts, board meetings, Thanksgiving and so forth," he said.

Romney's sworn testimony was given as part of a hearing to determine whether he had sufficient residency status in Massachusetts to run for governor.

Romney testified that he "remained on the board of the Staples Corporation and Marriott International, the Life Like Corporation" at the time.

http://www.huffingtonpost.com/2012/07/12/mitt-romney-bain-departure_n_1669006.html?utm_hp_ref=politics

[malaise]

1. Oops! Willard is under the

kosh!

[1StrongBlackMan]

2. Oh ... That?!? n/t

[uponit7771]

3. WTF!!!!! WTF!! I had to go through 3 different FBI background checks and SEC investigations

...before I was able to even look at a keyboard or database table for financial institutions!!!

The SEC doesn't play (unless you're a hedge manager) about this kinda crap...

The issue now is how much did rMoney benefit from his filings...

If it's federal money via tax benefits send his ass to jail..

The last SEC thumbing I had had two investigators overseeing it, hell...that was just for prints!

[JHB]

8. I suspect your background check failed to find that your father...

...was a former auto company executive, state governor, and presidential hopeful.

Mitt's check turned up different information.

[uponit7771]

12. ...ah, I see...

[tanyev]

19. And worth a gazillion dollars.

[JBoy]

4. The truth keeps on tripping up his lies.

[salin]

5. Kaboom... flood gates just dropped per press coverage.

There comes a point where the media that stops just standing back - waiting to see whether there is traction. No traction - it (the story) is either ignored - or treated as partisan rhetoric.

The last 24 hours - multiple media sources have pushed new information - meaning the standing back point has been crossed - and the feeding frenzy is on. Sources trying to outdo each other in a way that keeps putting more and more information out into the public psyche. What is the public psyche? The place where 'common knowledge' starts forming, despite partisanship - except for those who are most partisanly charged (from either side.)

Seems like the dams have started breaking and a deluge is building. Stories from different sources are not just reporting and repeating the one disclosure already in the public sphere - now the stories are competing - building on each other and pushing the edges of the fabric of the story out on multiple edges making the tapestry (the story) grow in area - and thus in exposure and in degree to which it starts to penetrate the minds of more and more people. Reaching past the high information consumers (those reading closely) to at least a big portion of moderate information consumers, and if the deluge and coverage continues - starting to penetrate even some low information new consumers.

[democrat_patriot]

9. Salin - I think we have a winner!

You are spot on, and it was very well put.

I've been following this all day and it was always The Boston Globe says this, Romney says that...this is now morphing.

This may have legs!! Big beautiful legs.

Will it affect November though? too early to tell.

[salin]

13. far too early to tell per November. But per media feeding frenzy...

I am guessing it will continue for a bit longer, and as reporters try to stake their claim to the story, and hope to forward their career due to breaking something even bigger, along the lines... I think some more 'reveals' will emerge.

Sort of reminds me of when the Abramoff story turned into a feeding frenzy (and several congressmen - loosely connected went to jail, lost elections, or chose to leave office, as a result.

Of course the rw media will double down for awhile and attempt to either discredit all aspects of the story - or will try to play a game of 'projection' on Obama. Will those attempts work? Hard to tell.

[nc4bo]

10. You're making this sound almost like sex.

Hey, I'm going to enjoy every squirmfilled moment of the great unfolding.

[salin]

14. LOL

hadn't meant to create such imagery - and have to laugh at rereading with that angle. Indeed will enjoy any and all additional 'squirmfilled' moments!

[myrna minx]

6. Ooooo!

[nc4bo]

7. Not enough popcorn in the world to for viewing this delicious deceit.

Nope. Run Mittens Run!

What I want to know is how is the Rmoney camp going to spin this?

[aint_no_life_nowhere]

11. The plastic life-like dummy was sitting on the board of the Lifelike doll company?

Did he acquire this company to have a cheap source of replacement parts?

[Vattel]

15. So now he has to say

that although he went to board meetings, he played no active role in the business? Is anyone buying this?

[salin]

16. Finally it seems that there are a few in the press who are no longer buying this.

the question is how long this will stay covered in the media cycle, and how much more information will get into the msm. And most importantly - how much influence big media buys by superpacs in favor of Romney will be able to propagandize the story into neutrality.

[Amonester]

17. Yeah, but... after nomination comes....

the.three.national.debates. (and a quite long campaign, i.g., many speeches by the President & Vice-President: "What's in his tax returns he doesn't want the people to see?&quot

See?

[BT021]

18. who decided how MR voted?

n/t

[riverbendviewgal]

20. Nit Wit Mitt is really unable to grasp that lies can't be swept under the rug these days of

Internet. EVERYTHING is in concrete data, saved forever. In the old days with just newspapers and books it took a lot of time to find something...but in this tech age, it is seconds. and many, many people can look and put it up for all the world to see.

Perhaps Money is as powerful any more as it was once in the railroad, shipping, cotton, steel and coal dynasties. Information is power. Now it is imperative that we make sure this information vault is kept from us.

It appears to me that the Republicans are still living in the age of the old dynasties. They are sinking like the Titanic...