Obama Campaign Mocks Mitt Romney’s Retention of Ownership at Bain Though Retroactively Retired

OBAMA CAMPAIGN RIDICULES MITT ROMNEY:  The Obama campaign keeps hitting Mitt Romney with the gift that keeps on giving — Bain Capital and his retroactive retirement — in a new web video. The video incorporates vox populi, with individuals on the street asked to read Romney’s explanation for his retention of ownership of Bain between 1999 and 2002 while incredulously playing no role in the management operations of the firm.

This video comes Americans view Mitt Romney’s campaign unfavorably — 49 percent having an unfavorable view of his campaign. The attacks on President Obama from the Romney campaign are now playing on “birther” fears. Well, this had disastrous results in 2008 and will have similar results in 2012. Um, it seems that Mitt Romney is on a mission to snatch defeat hands-down in this election.

This was cross-posted from The Hinterland Gazette

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Author: JANET SHAN

  • zephyr

    Not hard to understand why the whole “retroactive retirement” thing would make voters shake their heads. It smacks of Rumsfeld-speak and could easily effect voters the same way the old Kerry, I-was-for-it-before-I-was-against-it comment did. It makes Romney seem more disconnected from the common man and woman than ever.

  • dduck

    F&F, not responsible neither is Holder. Security leaks, not me, I just approve drone targets.
    Solydra, nah just one of many.
    Now, increased oil and gas production, that I can take credit for. Dumping public campaign financing, nah not on my watch.
    Simpson-Bowles, did I commission that? I don’t recall.

  • The_Ohioan

    If Mr. Romney doesn’t release his tax returns within the next couple of weeks, and explain a couple of other things, the GOP convention will be fun to watch. Maybe Mr. Paul, or the Obama camp, has some information no one else has, yet.

    Even if the tax returns and the SEC filings are not a problem, there’s still the “magical IRA” situation to explain.

    http://www.bloomberg.com/news/2012-07-15/the-secret-behind-romney-s-magical-ira.html

  • dduck

    Ohio, I agree, he has to release the returns no matter how bad they may turn out to be. He should have done it during the primaries so it could be water under the bridge by now. (Who the ____ advises this guy, they stink.)

    I transferred money from my company retirement plan to an IRA. No magic here or mystery, just more zeros. Don’t like it, just leave it in your company’s plan, if ALLOWED, and risk a loss. My wife’s plan, again, transferred to her IRA.

  • The_Ohioan

    dd

    Did you read the Bloomberg piece?
    They seem to think it could be a problem.

    Maybe he is waiting until the day the convention starts (or ends) and will release all then. Personally, I think he’s toast. He represents all the OWS was exposing in one beribboned package.

  • dduck

    thanks, Ohio, I had a chance to read the article. Whatever he did, I feel pretty sure it was legal, although difficult for guys like us to replicate. It is possible that he also had another plan like a defined benefit pension. Contributing low value assets to an IRA can work in part because you are avoiding current taxation, bur when you die you do not get a step up in basis. However a nice life insurance policy can help ameliorate that problem. Financial and estate planning, of which I’m sure he had the best advice, is what he probably availed himself of. I am a piker and I try to minimize taxes by using readily available planning tools. I suppose that also makes me unfit to be president as it does many others.

    The Dems are doing an excellent job on the class warfare front with Romney, as did the Reps with Kerry. They are certainly putting up a smoke screen to protect Obama and vilify Romney.

  • The_Ohioan

    dd

    That’s the way the game is played. I looked for anti-obama ads but so much turns up it’s hard to find what you want. I guess you could move to Ohio for the next few months if you really want to see them. Or go to another website. Or watch FOX news for 24 hours, God go with you my friend.

    Class warfare, of course, is in the eye of the beholder. Anyone that can’t see there are several classes being baked into our society isn’t looking. Or hasn’t watched all those 1930′s movies.

  • StockBoyLA

    The Republicans continue to support made-up negative things about such as his nationality, the fact he won’t be hard on terrorists, his religion, him taking away rights of citizens (i.e. taking away guns), etc.

    Yet it seems that more people like Obama than Romney.

    If the playing field were TRULY level, then Dems would just start making similar stuff up about Romney.

  • epiphyte

    DDuck – w.r.t “Class Warfare”. Haven’t seen any of that. Yet. At least not any that’s worthy of the name. You’ve got to love Al Franken’s take on this:

    – Al Franken

  • epiphyte

    DDuck – w.r.t “Class Warfare”. Haven’t seen any of that. Yet. At least not any that’s worthy of the name. You’ve got to love Al Franken’s take on this:
    “In her book A Distant Mirror: The Calamitous Fourteenth Century, Barbara Tuchman writes about a peasant revolt in 1358 that began in the village of St. Leu and spread throughout the Oise Valley. At one estate, the serfs sacked the manor house, killed the knight, and roasted him on a spit in front of his wife and kids. Then, after ten or twelve peasants violated the lady, with the children still watching, they forced her to eat the roasted flesh of her dead husband and then killed her. _That_ is class warfare. Arguing over the optimum marginal tax rate for the top 1 percent is not.”

    – Al Franken

  • dduck

    E, good story. Did he happen to mention if they used a marinade or just relied on basting?