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Steve McIntosh Report Blog

Romney and Bain

Republican presidential candidate Mitt Romney says he left Bain Capital in 1999 to run the Olympics and was not involved with the company during a period when it helped outsource U-S jobs to other countries. Trouble is, a Securities and Exchange Commission filing continued to list Romney as Bain’s president, C-E-O, and sole stockholder after 1999.
Is the S-E-C filing inaccurate? That could be troublesome.
If Romney outsourced, why not fess up and explain that companies had to do that in order to stay in business?
I think there are important questions here.
It is also apparent that President Obama’s campaign folks want to keep the media spotlight on this issue, and away from some pretty ugly economic conditions.
I personally don’t like outsourcing, but I realize it’s a fact of business life … and can be excusable. Dishonesty about it is another matter.
And if we had a more pro-business approach from the White House, outsourcing might not be necessary.
Our thought for today is from Mark Twain:
“Honesty is the best policy … when there is money in it.”

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07/20/2012 1:13AM
Romney and Bain
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