As Bain Evidence Mounts, Romney Demands Apology From Obama

Despite growing evidence that Mitt Romney had a more significant role in Bain Capital after 1999 that he has been willing to admit to, Romney lashed out at critics, including those in the Obama campaign.

In a series of interviews Friday, Romney insisted that he did not play a role at Bain after 1999,†despite a number of documents filed†between 1999 and 2002 showing Romney as “sole shareholder, sole director, Chief Executive Officer and President of Bain Capital.”

“I had no association with the management of Bain Capital after February of 1999,” Romney told ABC News. “That is when I left the firm. I am very pleased with the experience I had with the firm but as everyone knows I went on to run the Olympics for three years. I was there full time. After that I came back and ran in Massachusetts for governor.”

Romney also told CBS News’ Jan Crawford that he was not politically responsible for anything that happened after February of 1999, when he took over the management of the 2002 Winter Olympic Games.

“Actually, when you leave an enterprise and you have other people who are managing the enterprise, who take responsibility for the investment decisions, who decide whoís going to get hired and fired, who decide compensation decisions, theyíre the managers, theyíre the people running the business,” Romney said.

The interviews contradicted statements Romney made under oath in 2002, when his eligibility to run for governor of Massachusetts was being challenged. At the time, Romney said that he returned from Utah for “business trips that brought me back to Massachusetts, board meetings,” as well as social events.

Romney nevertheless demanded an apology from the Obama campaign for statements made by campaign aides, who had noted that lying on SEC filings is a felony.

“What kind of president would have a campaign that says something like that about the nominee of another party?” Romney asked. “This is reckless and absurd on his part, and itís something thatís beneath his dignity.”

Obama campaign spokesperson Ben LaBolt told MSNBC’s Ed Schultz that the campaign will not apologize, and said that Romney was trying to claim credit for the positive things Bain has done while refusing to “accept responsibility” for its problematic decisions.

Will Not Release Taxes

Romney said that he would release his tax returns from this year, along with the returns from 2010 that have already been released. But he refused to release any other returns, as the Obama campaign and many Republicans have called for him to do.

“Those are the two years that people are going to have,” Romney told CNN. “Thatís all thatís necessary for people to understand something about my finances.”

The Obama campaign has called on Romney to release more returns, citing the example of former Michigan Gov. George Romney, Mitt Romney’s father, who released 12 years’ worth of tax returns during his 1968 presidential campaign.

Rules Out Rice as VP

Romney also ruled out former Secretary of State Condoleeza Rice as a potential running mate. Rice had been touted as a front-runner in an article on conservative website The Drudge Report, but Romney told Fox News that he would pick an anti-abortion running mate, as he’d promised during the primary campaign. Rice has described herself as “mildly pro-choice.”

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Image Credit: Donkey Hotey


Irene Brown
Irene Brown5 years ago

Let me see if I have this right.....Romney says that while he may have been CEO, President, Managing Director and sole stockholder for Bain Capital, he had nothing to do with running the company. Then he says that his business experience qualifies him to be President of the U.S.? WTF?

Michael M.
Michael M5 years ago

HA! What a joke.

Mittens should apologize for being an ignorant fool.

But in any case, I WILL apologize for the President: I am sorry you feel that way Mittens!

Is it all better now?

Rob Keenan
Rob Keenan5 years ago

That was meant be "full of praise toward them."

Rob Keenan
Rob Keenan5 years ago

"The cost of not releasing the returns are clear,therefor,he must have calculated that there are higher costs in releasing them."-George Will,07-15-'12.

Having heard this and the comments by many other GOP leaders,including several of his former Primary opponents,I get the impression many of them have decided that Mitt as the party's presumptive nominee is becoming just the political train wreck of a disaster they feared all along he would become.

"We picked Palin because we thought she was the better candidate" *. -Sen. John McCain. With friends like this....
* than Mitt.

Rob Keenan
Rob Keenan5 years ago

Before pointing about infrastructure that private businesses by themselves "don't build" ,President Obama was full of praise towards him.And it's Congressional Republicans who've hurt small businesses in particular by having blocked an Obama proposed tax cut that the CBO estimates would result in a million new jobs.The Presidents successes include the rescue of the U.S auto industry,thanks to which G.M is now the top auto company in the world,an industry Romney wanted to allow to go bankrupt.My small business owner brother is glad this rescue took place because it's allowed him to get G.M parts for one of his business related vehicles.The small business tax cut in President Obama's 2009 stimulus helped him weather the Great Recession.Obama Cares makes it easier for him to give health care coverage to his employees.It's this success by the President that's the reason I support his reelection.

Beth Davis
Beth D5 years ago

I couldn't believe my ears when I heard this apology demand from the Rombot. He is the one who needs to apologize, to this president and to us, the people he wants to govern, or should I say, control? This man doesn't know what governing requires - he really put the screws to Mass. Except for the one good thing, healthcare, that Mass got and is currently - ENJOYING. The thing he runs from right now. People, if you are going to vote against Obama, please really, check into what you will get by voting for Romney, you will NOT be happy with those details. And you will have to dig for them. You know, he likes to keep things secret and in quiet rooms - not up for public consumption. God help us!

Carl Oerke
Carl O5 years ago

Willard once stated if you are responding you are loosing. Well Willard had five news interviews in one day the other day. He let his attack dog Sununu off the leash to attack the president instead of doing it himself. He might not be aware of it but Willard is capital L oosing. Loosing. He better hope for the Olympics to take everyone's mind off of politiccs for awhile so his mishandling and ineptitude regarding the situation will blow over.

Lyn B.
Lyn B5 years ago

The sheer arrogance of Romney is quite something to behold, isn't it?! WOW.

Herb Low
Herbert Low5 years ago

This guy,Romney, overwhelms me. He stood by as Trump, Limbaugh, et al made gastly or continued untruths about Obama without Romney even saying a sinple "cool it". I am not saying Romney cheated, or was just a proficient legal tax avoider (read in what you will), but when he now develops a self-inflicted facial cut, he EXPECTS Obama to apologize and remain the gentleman he has been?? Pound away, Mr. President.... What a pompous, arrogant, presumptious JERK. Can you really imagine this guy running YOUR COUNTRY??? Herb L

Elizabeth L.
Elizabeth L5 years ago

There is nothing more dangerous that an "entitled" wealthy man.