A Bain Capital 'game changer'

[ProSense]

A Bain Capital 'game changer'

By Steve Benen

The Romney campaign has truly awful timing. After weeks of the Obama campaign undermining Mitt Romney's standing with ads attacking the Republican's controversial private-sector background, Romney punched back hard this morning with a new ad that effectively (and ironically) accuses the president of being a big liar.

The strategy was simple: the whole day was supposed to be about Romney's claim that the president is the lyingest liar who's ever lied. Instead, the ad was released the same day as a new Boston Globe bombshell that catches Romney lying about his Bain background.

As we discussed yesterday, reporting from Mother Jones and TPM got this ball rolling, but it's the Globe piece that's being billed as "a potential game changer."

Government documents filed by Mitt Romney and Bain Capital say Romney remained chief executive and chairman of the firm three years beyond the date he said he ceded control, even creating five new investment partnerships during that time.

Romney has said he left Bain in 1999 to lead the winter Olympics in Salt Lake City, ending his role in the company. But public Securities and Exchange Commission documents filed later by Bain Capital state he remained the firm's "sole stockholder, chairman of the board, chief executive officer, and president."

Also, a Massachusetts financial disclosure form Romney filed in 2003 states that he still owned 100 percent of Bain Capital in 2002. And Romney's state financial disclosure forms indicate he earned at least $100,000 as a Bain "executive" in 2001 and 2002, separate from investment earnings.

Perhaps the most brutal element of the article comes towards the end: an unnamed Romney campaign official acknowledged that Romney's claims "do not square with common sense" given the SEC filings. Ouch.

- more -

http://maddowblog.msnbc.msn.com/_news/2012/07/12/12703193-a-bain-capital-game-changer

[BeyondGeography]

1. Hope that's tonight's lead segment

She's the one to pick him apart on this.

[Raven]

2. "If you don't lie, you don't have to remember what you said." n/t

[Douglas Carpenter]

3. this could be very big, but if it is up to the msm they will ignore it. we must all do everything we

can to push this story and push and push it and push it - so it cannot be ignored.

[boxman15]

5. This story looks like it will be too big to ignore at some point.

No doubt, the higher-ups in the MSM don't want this story to become big. They have an interest in keeping the race close of course. That means more ad revenue. However, this thing is looking like it's about to blow up. The Obama campaign will no doubt make this a huge issue, probably after the Republican convention. This will grow to be a huge scandal if Romney does not come clean. Knowing how spineless he is and how desperately he wants the White House, he probably won't.

[aint_no_life_nowhere]

4. Romney has put out feelers to see if he can buy Samantha Steven's nose

and have it dug up and grafted to his face. Twitching his nose to change reality at this point is his best back up plan. Maybe Christine O'Donnell know where he can find it.

[WillyT]

6. HUGE K & R !!!

[myrna minx]

7. K&R n/t