I hope you’re all enjoying watching Romney squirm through the web of lies and deceit he’s created with the Bain Capital issue. I know I am. With the SEC documents revealing that Romney was CEO, managing director, sole stockholder of Bain from 1999 to 2002 and recipient of a six figure salary during those years, I don’t see how he can escape the brutal truth that he is ultimately responsible for all the company did in those three years. And it is so regardless of whether or not one believes his claim that he had no direct input in the decision making process at that time.
As for those defending Romney, the following thoughts from a Dish reader are as good an explanation as you’re likely to find.
What scares me is the realization that the Romney apologists are not simply being political here. They seem honestly perplexed that people are making a big deal over the fact that Romney said under oath that he was the CEO of a company for three years that he also said under oath he wasn’t managing.
Because, to them, it is not a big deal. It’s just how things work when you are dealing with a “complicated” business and annoying government regulations. Those who work in (and report about) corporate finance have completely bought into the idea that what they do is way too important and complicated for the general public or a bunch of government regulators to understand. So they play by their own rules – which are only tangentially related to the actual laws on the books meant to keep the system running and protect the public.
And that’s how you end up with the biggest financial crisis since the Great Depression.
Exactly. These people honestly don’t get it. They’ve placed themselves in a separate universe which they believe makes them exempt from the laws and regulations which govern “nails ladies” and the other common scum.
This story isn’t going away any time soon and it’s refreshing to see that the Obama campaign is not backing away. Their latest ad is a gem.
(The Romney source photograph is a Creative Commons licensed image from photographer Gage Skidmore.)