Romney Tangled in Bain Capital Web

"Oh what a tangled web we weave, when first we practice to deceive." - Sir
Walter Scott.

Mitt Romney can't have it both ways. Either he disassociated himself from Bain Capital in 1999 or in 2002.

On his 2012 Public Financial Disclosure Report, Romney wrote, "Mr. Romney retired from Bain Capital on February 11, 1999 to head the Salt Lake Organizing Committee. Since February 11, 1999, Mr. Romney has not had any active role with any Bain Capital entity and has not been involved in the operations of any Bain Capital entity in any way."

On his 2001 Securities and Exchange Commission Filing, Romney wrote "W. Mitt Romney ("Mr. Romney"), as the sole stockholder, Chairman of the Board, Chief
Executive Officer and President of BCI (Bain Capital Investments) and BC (Bain
Capital) . . .

Now, it sounds as if someone who claims in 2001 to be the sole stockholder, Chairman of the Board, Chief Executive Officer and President of a corporation did not in 1999 entirely dissociate himself from it.

Oh, I know. You're thinking, "Big deal. What difference does three years make?"
Stick with me - it makes quite a bit of difference. I'll explain later. First,
let's look at the evidence. Was Romney or was he not working for Bain Capital
from 1999 to 2002?

Evidence abounds that he was. (1) Romney created five new investment partnerships for Bain during that time (Boston Globe, 7/12/12). (2) A Massachusetts financial disclosure form Romney filed in 2003 notes that he still owned 100 percent of Bain Capital in 2002. (Boston Globe, 7/12/12). (3) Massachusetts state financial disclosure forms indicate that in 2001 and 2002, Romney earned at least $100,000 as a Bain"executive." (Boston Globe, 7/12/12)

(4) "The Globe found nine SEC (Securities Exchange Commission) filings
submitted by four different business entities after February 1999 that describe
Romney as Bain Capital's boss." (Boston Globe, 7/12/12). (5) Bloomberg
News reported that in annual  reports filed in Massachusetts as late as 2002, Romney is named as one of two managing members of Bain Capital Investments. (Boston Globe, 7/13/12).

Case closed. You get the point.

Now, what difference does it make if Romney retired in 1999 or 2002?

"The reason Mr. Romney keeps insisting he left Bain Capital a few weeks into 1999 is that he doesn't want to answer for the things Bain Capital did after that. He doesn't want to answer for layoffs and bankruptcy at Dynamic Details. Mr.
Romney does not want to answer for the layoffs and closing of the GST steel
mill where the federal government had to come in and bail out the company's
pension funds. He does not want to answer for the bankruptcy of the American
Pad and Paper Company, or the way Modus Media and SMTC Corp sent jobs overseas. He doesn't want to answer for the bankruptcy of Stage Stores." (Maddow, 7/13/12).

So, when you come right down to it, it's the same old Mitt Romney, ducking and dodging, rewriting history, and flip-flopping. First, Romney was pro-choice, then he was anti-abortion. First, he was pro-gay rights, now he opposes gay marriage. First, he was for health care, including the individual mandate, then he was against it. First, he wanted candidates to release their income tax returns, now he's against it. First, he was for gun safety, then he was against it. First, Romney
felt strong action should be taken to deal with global warming. Now? Not so
much. First, Romney refused to sign the "no new taxes" pledge, then
he changed his mind. (Business Insider, 1/18/12)

Case closed. You get the point. We may never know who Mitt Romney really is, unless he is elected President. And by then it would be too late.