Obama, Mainstream Media Collude On Another Lie About Bain and Romney
The Obama campaign has apparently fed more opposition research to the dutiful stenographers in the mainstream media–this time the Boston Globe, which has recycled an old charge that Mitt Romney had not actually “left” Bain Capital in 1999, and stayed on until 2002. The Globe bases its claim on supposedly newly-discovered SEC filings by Bain Capital–documents whose urgent importance Romney’s hometown newspaper had somehow failed to grasp during his previous state and national campaigns, or indeed during his term in office as Governor of Massachusetts, when an apparent “felony” would certainly have put an end to his career.
As the Globe acknowledges–buried deep within the article–Romney had taken a leave of absence from Bain in February 1999 to manage the Salt Lake City Olympics, and later to run for governor. His retirement was only formalized in a 2002 agreement that was retroactive to 1999, when Romney’s leave of absence had begun. There is no contradiction between remaining formally in charge of Bain while on leave, and nothing illegal.