Skooter reporting 07/17/12
Presidentis willing to say anything to win a second term and should apologize for attacks on the Republican’s successful career at a private equity firm, Mitt Romney's campaign said Sunday.
The president responded that they will not apologize, adding that if Romney wants credit for his business leadership, he also needs to take responsibility.
Romney’s term at Bain Capital were questioned and the fortune he earned there have determined the former Massachusetts governor as Obama and his associates have said the Boston-based firm dispatched jobs overseas. Romney maintains he left the company in February 1999 to take over the Olympic Games in Salt Lake City, but documents says he was still in charge as late as 2001.
Romney's advisers, trying to explain the inconsistencies between Romney's account and federal records gave fresh explanations to move the campaign back to more comfortable ground.
Romney’s adviser Ed Gillespie was quoted as saying, "He actually retired retroactively at that point. He ended up not going back to the firm after his time in Salt Lake City. So he was actually retired from Bain."
Kevin Madden, another adviser said Romney had no option but to have his name listed on Security and Exchange Commission documents as he wanted to transfer the company's leadership to partners. Madden explained the reason why there is a document that had his signature is because during the transition from 1999 to 2002, there was an obligation to sign those documents.
The real role Romney played at the firm between 1999 and 2001 is significant not only because critics have raised questions about his honesty, but also because Bain was shipping jobs overseas during that period.
The president said Romney must square his explanation.
President Barack Obama was quoted in a TV interview in Portsmouth, Va. as saying, "Mr. Romney claims he's Mr. Fix-It for the economy because of his business experience, so I think voters entirely legitimately want to know what is exactly his business experience. Obama said, Mr. Romney is now claiming he wasn't there at the time except his filings with the SEC listing says he was the CEO, chairman and president of the company."
Obama's advisers said that story won't sell voters.
Deputy campaign manager Stephanie Cutter said that either you're the CEO, president, chairman of the board of Bain Capital as you prove to the SEC or he's telling the American people he bears no responsibility for that. She added, both those things can't be true. Either you're in charge or you're not.