Bain Capital: Ben LaBolt’s Questions for Mitt Romney Sound Like Pretty Good Ones to Me

Grimromney

Ben LaBolt, President Obama’s campaign press secretary, has some questions for Mitt Romney that have clearly got both him and his supporters in squirm mode.

Here they are:

1. Are you contending that an individual can simultaneously be the CEO, president, managing director of a company, and its sole stockholder and somehow be “disassociated” from the company or accurately classified as someone not having “any” formal involvement with a company?

2. You have stated that in “Feb. 1999 I left Bain capital and all management responsibility” and “I had no ongoing activity or involvement.” It depends on what the definition of “involvement” is, doesn’t it? Clearly you were involved with Bain to the extent that you owned it. Are you defining “involvement” in a uniquely specific way that only means “full-time, active, 60-hours-a-week, hands-on manager?”

3. You earned at least $100,000 as an executive from Bain in 2001 and 2002, separate from investment earnings according to filings with State of Massachusetts. Can you give an example of anyone else you personally know getting a six figure income, not dividend or investment return, but actual income, from a company they had nothing to do with?

4. What did you do for this $100,000 salary you earned from Bain in both 2000 and 2001?

5. In 2002, you are listed as one of two managing members of Bain Capital Investors LLC in its annual report. What does this mean?

6. If, in fact, you did not veto any major investment decision during your 1999 though 2002 ownership, doesn’t that imply your broad consent of management’s decisions?

7. According to the Boston Globe, “Romney also testified that ‘there were a number of social trips and business trips that brought [him] back to Massachusetts, board meetings’ while he was running the Olympics. He added that he remained on the boards of several companies, including the Lifelike Co., in which Bain Capital held a stake until 2001.” You testified that while running the Olympics you took a number of business trips to Massachusetts and for board meetings for companies including Lifelike Co. Bain had a stake in this company until 2001. Are you contending that you could attend board meetings for Lifelike Co at the same time Bain Capital had a stake in Lifelike Co and at the same time you owned the stock of Bain Capital, but that somehow your attending a board meeting for a company partially owned by Bain had nothing to do with Bain because you were on the board as Mitt Romney the individual, not as the representative of Bain?

8. When asked “did you attend board meetings for Bain after 1999″ you responded by saying “I did not manage Bain after 1999,” or that you didn’t attend any meetings involving things like firing people. This seems to suggest the possibility that you did attend Bain meetings in 2000 and 2001 that did not involve hiring or firing people or where you made the final decisions on investments. Is that possible?

Andrew Sullivan piles on here.

I think this whole Bain Capital line of attack is going to stick to Romney and (rightly) expose his nihilistic, slip-sliding, and fraudulent habits. There’s no there there. You can’t believe this man.

Romney has had one hell of a run, and I know it’s still early in the election season, but I think his luck may be running out. The liar believes his own lies. Populist conservatives have been conned.

And Romney looks to be tanking in Ohio. Obama might hold the presidency yet.

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About Santi Tafarella

I teach writing and literature at Antelope Valley College in California.
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