Romney Didn’t Leave Bain in 1999 [W: 404]

Somerville · Jul 11, 2012

This should provide some entertainment. The Obama campaign has been called out for ads which cite Romney for "outsourcing American jobs", with the justification that most of such moves by Bain were done after he left the company. But now SEC filings have been found that seem to show Mitt was still running the show at Bain for at least two more years after he claims to have left the firm.

Romney Didn’t Leave Bain in 1999

A central element of the 2012 campaign cycle has become just when Mitt Romney left Bain Capital. The Romney campaign says he left in early 1999 — in time to get him off the hook for some controversial investments. Factcheck.org backs up Mitt while David Corn and the Obama campaign have brought forward numerous pieces of documentary evidence indicating he didn’t leave until a couple years later.

... two SEC filings from July 2000 and February 2001 in which Romney lists his “principal occupation” as “Managing Director of Bain Capital, Inc.”

OpportunityCost · Jul 11, 2012

Its TPM.

There are numerous things that could be going on with those filings.
If Bain was his principle source of income he would need to declare it.
Did he have proxy voting filings? If he did that would indicate he was not involved in day to day operations but did not want to give up his voting rights. Which would be smart.
Was he just giving board votes on a weekly and monthly basis?
Was he involved in day to day operations?
How was he doing that while being in SLC for the Olympics?

You can take this piece at face value, or you could examine the entire story. I really doubt a TPM hit piece is the entire story.

TurtleDude · Jul 11, 2012

WTF cares? its totally irrelevant to this campaign

Redress · Jul 11, 2012

TurtleDude said:
WTF cares? its totally irrelevant to this campaign

It is relevant in two possible ways:

1: his work experience may be relevant to voters, and what he did while a CEO.

2: If he claims to have left in 1999, but it turns out otherwise, then it is relevant as to his trustworthiness.

It may not be relevant to you, but it may be relative to some voters. Neither you nor I are the arbiters of what is relevant or not for people to vote on.

Hatuey · Jul 11, 2012

TurtleDude said:
WTF cares? its totally irrelevant to this campaign

Why is it that Obama's Columbia records are relevant - even though he graduated with honors at Harvard and we have no reason to assume he did badly or even "averagely" at Columbia? Hmmmmm. Seems as if you're only willing to wear the tin foil hat when it's good for you. As far as this is concerned, it's inconsequential in the grand scheme of things.

TurtleDude · Jul 11, 2012

Hatuey said:
Why is it that Obama's Columbia records are relevant - even though he graduated with honors at Harvard and we have no reason to assume he did badly or even "averagely" at Columbia? Hmmmmm. Seems as if you're only willing to wear the tin foil hat when it's good for you. As far as this is concerned, it's inconsequential in the grand scheme of things.

they aren't really but given Obama talks about his harvard record but refuses to talk about columbia means

1) its almost a given his grades at columbia were not top drawer

2) he most likely would not have been accepted into Harvard Law if he had been white

3) how did he pay for two expensive schools-harvard law back them was probably 50K for three years-and he didn't exactly take high paying job

4) and to those of us who understand legal careers-why didn't he try for a supreme court clerkship. being the first black president of the harvard law review would have made him an attractive clerk for the affirmative action favoring left wing justices. was it the background check?

AdamT · Jul 11, 2012

TurtleDude said:
they aren't really but given Obama talks about his harvard record but refuses to talk about columbia means

1) its almost a given his grades at columbia were not top drawer

2) he most likely would not have been accepted into Harvard Law if he had been white

3) how did he pay for two expensive schools-harvard law back them was probably 50K for three years-and he didn't exactly take high paying job

4) and to those of us who understand legal careers-why didn't he try for a supreme court clerkship. being the first black president of the harvard law review would have made him an attractive clerk for the affirmative action favoring left wing justices. was it the background check?

You sure spend a hell of a lot of time obsessing about it for someone who doesn't think it matters.

TurtleDude · Jul 11, 2012

AdamT said:
You sure spend a hell of a lot of time obsessing about it for someone who doesn't think it matters.

you sure spend a lot of time defending everything about Obama

Lots of things don't matter to me but they might influence others to vote against the empty suit

AdamT · Jul 11, 2012

TurtleDude said:
you sure spend a lot of time defending everything about Obama

Lots of things don't matter to me but they might influence others to vote against the empty suit

Dude, no one who's read three or more of your posts believes you when you say it doesn't matter to you.

TurtleDude · Jul 11, 2012

AdamT said:
Dude, no one who's read three or more of your posts believes you when you say it doesn't matter to you.

In addition to speaking for the Obama campaign you are now the mouthpiece for everyone else on the board?

Hatuey · Jul 11, 2012

TurtleDude said:
they aren't really but given Obama talks about his harvard record but refuses to talk about columbia means

1) its almost a given his grades at columbia were not top drawer

Supposition at best.

2) he most likely would not have been accepted into Harvard Law if he had been white

Again, supposition.

3) how did he pay for two expensive schools-harvard law back them was probably 50K for three years-and he didn't exactly take high paying job

Loans, bursaries, l.o.c.s, scholarships. There are literally tens of thousands of kids who don't have the hard cash to go to university and yet somehow still get in and end up paying off their loans at the end.

4) and to those of us who understand legal careers-why didn't he try for a supreme court clerkship.

He went a different route. Why didn't Bill Gates finish college? Why didn't Karl Rove go to college? Why didn't Romney become a Mormon church leader like his grandfather and great-great grandfather before him? Why didn't you become a clerk for SCOTUS? Inability to explain why X happens does not mean you have a reason for why Y happens.

being the first black president of the harvard law review would have made him an attractive clerk for the affirmative action favoring left wing justices. was it the background check?

More supposition.

AdamT · Jul 11, 2012

Hatuey said:
Supposition at best.

Again, supposition.

Loans, bursaries, l.o.c.s, scholarships. There are literally tens of thousands of kids who don't have the hard cash to go to university and yet somehow still get in and end up paying off their loans at the end.

He went a different route. Why didn't Bill Gates finish college? Why didn't Karl Rove go to college? Why didn't Romney become a Mormon church leader like his grandfather and great-great grandfather before him? Why didn't you become a clerk for SCOTUS? Inability to explain why X happens does not mean you have a reason for why Y happens.

More supposition.

You missed the false premise: that Obama talks about his Harvard record but refuses to talk about Columbia.

AdamT · Jul 11, 2012

TurtleDude said:
In addition to speaking for the Obama campaign you are now the mouthpiece for everyone else on the board?

Anyone who disagrees raise your hand....

chirp chirp

TurtleDude · Jul 11, 2012

Hatuey said:
Supposition at best.

Again, supposition.

Loans, bursaries, l.o.c.s, scholarships. There are literally tens of thousands of kids who don't have the hard cash to go to university and yet somehow still get in and end up paying off their loans at the end.

He went a different route. Why didn't Bill Gates finish college? Why didn't Karl Rove go to college? Why didn't Romney become a Mormon church leader like his grandfather and great-great grandfather before him? Why didn't you become a clerk for SCOTUS? Inability to explain why X happens does not mean you have a reason for why Y happens.

More supposition.

I have never heard of anyone who had the opportunity, not go for a supreme court clerkship. There is no possible career advancing reason to do so

AdamT · Jul 11, 2012

TurtleDude said:
I have never heard of anyone who had the opportunity, not go for a supreme court clerkship. There is no possible career advancing reason to do so

How many Supreme Court clerks have gone on to be president?

TurtleDude · Jul 11, 2012

AdamT said:
How many Supreme Court clerks have gone on to be president?

at the time Obama made that choice about as many as those who had been HLR presidents.

how many blacks had gone on to be president at the time he made that decision?

what a stupid argument

AdamT · Jul 11, 2012

TurtleDude said:
at the time Obama made that choice about as many as those who had been HLR presidents.

how many blacks had gone on to be president at the time he made that decision?

what a stupid argument

So your answer would be NONE. Thanks.

Hatuey · Jul 11, 2012

TurtleDude said:
I have never heard of anyone who had the opportunity, not go for a supreme court clerkship.

And I've never known anyone who became a millionaire by playing the lotto but every year, people do it somehow in every state.

There is no possible career advancing reason to do so

You do realize that there are people who don't think about their "careers" when making "career" decisions right? Maybe Obama thought his calling was being a community organizer. It happens. Actually, I'm one of those people who "could" have gone to university and decided on a different route not because of ambition but based on passion.

I don't regret never having gone to college. Actually, I've turned out better than most people who've gone to college. My houses are paid in full. I don't have a $150K of college debts. I get to travel quite often through my job. All because of a decision which wasn't based on the career which would feed my ambition but a career which allowed my passion to flourish.

The claim that Obama didn't do well simply because hed didn't follow some preconceived idea you have of what people should do - is way too simplistic for you TurtleDude.

TurtleDude · Jul 11, 2012

AdamT said:
So your answer would be NONE. Thanks.

your idiotic attempt to claim that Obama chose not to become a USSC clerk because no other USSC clerk had won the presidency is logically bankrupt. at the time he decided not to become a clerk

1 no black had ever become president

2 no one with an Islamic name had become president

3) no one with a Kenyan father had become president

4) no one who had been president of the HLR had become president

do you realize how stupid your argument is?

TurtleDude · Jul 11, 2012

Hatuey said:
And I've never known anyone who became a millionaire by playing the lotto but every year, people do it somehow in every state.

You do realize that there are people who don't think about their "careers" when making "career" decisions right? Maybe Obama thought his calling was being a community organizer. It happens. Actually, I'm one of those people who "could" have gone to university and decided on a different route not because of ambition but based on passion.

Only someone who has never been to an elite law school could make such an argument. to those of us who went to a top law school (two of my classmates were USSC clerks) it is incomprehensible what Obama did

AdamT · Jul 11, 2012

TurtleDude said:
your idiotic attempt to claim that Obama chose not to become a USSC clerk because no other USSC clerk had won the presidency is logically bankrupt. at the time he decided not to become a clerk

1 no black had ever become president

2 no one with an Islamic name had become president

3) no one with a Kenyan father had become president

4) no one who had been president of the HLR had become president

do you realize how stupid your argument is?

Obama's passion was public service and politics -- not law. It seems to have worked out pretty well.

1. One black has become president: Obama

2. One person with an Islamic middle name has become president: Obama

3. One person with a Kenyan father has become president: Obama

etc.

Hatuey · Jul 11, 2012

TurtleDude said:
Only someone who has never been to an elite law school could make such an argument.

As a lawyer you should know better than to make True Scottsman fallacies.

to those of us who went to a top law school (two of my classmates were USSC clerks) it is incomprehensible what Obama did

As an "elite" lawyer, you should know better than to make fallacious appeals to your authority.

AdamT · Jul 11, 2012

TurtleDude said:
Only someone who has never been to an elite law school could make such an argument. to those of us who went to a top law school (two of my classmates were USSC clerks) it is incomprehensible what Obama did

And he's President of the United States and your small-time lawyer.

TurtleDude · Jul 11, 2012

AdamT said:
Obama's passion was public service and politics -- not law. It seems to have worked out pretty well.

1. One black has become president: Obama

2. One person with an Islamic middle name has become president: Obama

3. One person with a Kenyan father has become president: Obama

etc.

I realize you didn't go to a school that turns out USSC clerks annually but tell me, what legal career would not be enhanced by a USSC clerkship He was a lecturer at Chicago. would a possible academic career be enhanced? of course

its the rigorous background check that was the issue

that is the only thing that makes sense. the BGI potential clerks go through is the same thing that federal prosecutors get-ie the FBI visiting every place you lived in a 10 year period, former classmates, professors, bosses, girlfriends etc

TurtleDude · Jul 11, 2012

AdamT said:
And he's President of the United States and your small-time lawyer.

actually I am a pretty major league lawyer-I suspect far higher regarded then one who works for the Obama campaign

Romney Didn’t Leave Bain in 1999 [W: 404]

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