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maxomaiEarlier today, David Axelrod tweeted this story in the Boston Globe:
You might be asking, "so what?" Well, here's the implications of this:
Basically, this story is unspinnably bad for Mitt Romney. It keeps the Bain Capital story alive, and that story has been demonstrated to damage his poll numbers in swing states. It makes him, pretty much inescapably, into an outright liar. It raises the question of whether or not Mitt Romney is in fact a criminal. It damages the raison d'etre for his campaign, which is economic leadership. It potentially hurts him with pro-life voters. And, last but not least, it opens him up to investor lawsuits just when most voters are starting to pay attention to Presidential politics.
Which is, of course, exactly why David Axelrod tweeted it, and why the Obama campaign is running with it.
More on this story at The Phoenix and at Perrspectives.
The Romney campaign, for their parts, has demanded a retraction of the story from the Boston Globe and an apology from the Obama campaign. The Boston Globe, in response, has told the Romney campaign to sit and spin. (Update: So has the Obama campaign.)
UPDATE It now appears that Mr. Romney was flown to Bain Capital board meetings as late as 2002. So, the good news is that he's not a felon. The bad news is that he's now on the hook for everything Bain did up to 2002. This is in direct contradiction of the Romney Campaigns claim made earlier today that Romney had no input on Bain's decisions after 1999. Whoopsie!
Mitt Romney stayed at Bain 3 years longer than he stated
Firm’s 2002 filings identify him as CEO, though he said he left in 1999
You might be asking, "so what?" Well, here's the implications of this:
- If Mitt Romney in fact left the company in 1999, then he committed a felony by filing false reports to the SEC and others.
- If, on the other hand, Romney left the company in 2002, then his campaign's claim - that Bain's investments in companies that made their money off of facilitating offshoring, experimenting with discarded fetuses, and other practices that don't exactly scream God Fearing Patriot, all occurred after Romney left to manage the Salt Lake City Olympics - is just a bunch of hooey.
Basically, this story is unspinnably bad for Mitt Romney. It keeps the Bain Capital story alive, and that story has been demonstrated to damage his poll numbers in swing states. It makes him, pretty much inescapably, into an outright liar. It raises the question of whether or not Mitt Romney is in fact a criminal. It damages the raison d'etre for his campaign, which is economic leadership. It potentially hurts him with pro-life voters. And, last but not least, it opens him up to investor lawsuits just when most voters are starting to pay attention to Presidential politics.
Which is, of course, exactly why David Axelrod tweeted it, and why the Obama campaign is running with it.
More on this story at The Phoenix and at Perrspectives.
The Romney campaign, for their parts, has demanded a retraction of the story from the Boston Globe and an apology from the Obama campaign. The Boston Globe, in response, has told the Romney campaign to sit and spin. (Update: So has the Obama campaign.)
UPDATE It now appears that Mr. Romney was flown to Bain Capital board meetings as late as 2002. So, the good news is that he's not a felon. The bad news is that he's now on the hook for everything Bain did up to 2002. This is in direct contradiction of the Romney Campaigns claim made earlier today that Romney had no input on Bain's decisions after 1999. Whoopsie!
