Comment

Romney Invested Millions in Chinese Firm That Explicitly Profited From Outsourcing US Jobs

9
Targetpractice7/12/2012 11:38:46 am PDT

re: #5 Charles Johnson

This is not a good day for Mitt Romney.

It’s about to get worse:

‘Prove It’: Obama Campaign Presses Romney For Bain Departure Details

The Obama campaign is challenging Mitt Romney to release more information about his taxes and time at Bain Capital in order to put to bed questions raised by SEC filings regarding his role at the company.

“If the SEC filings aren’t accurate, then prove it,” Obama deputy campaign manager Stephanie Cutter told reporters on Thursday. “If he wasn’t investing millions of dollars in shell corporations, tax havens, Swiss bank accounts overseas to gain a tax advantage, then prove it. Prove it by releasing your tax returns.”

Romney said he left any managerial role at Bain Capital behind in February 1999, delegating all voting shares of stock to 26 managing directors and leaving day-to-day operations to focus on running the Olympics. But subsequent SEC filings list him as “sole stockholder, chairman of the board, chief executive officer, and president.” A 2001 SEC filing first reported by TPM lists his “principal occupation” as “Managing Director of Bain Capital, Inc.” and the Boston Globe reviewed additional filings containing similar claims.