![]() Romney says he was at the head of the company as it transitioned to new ownership but did not manage it. ![]() SEC documents show that Romney was in charge of the Boston-based company from 1999 to 2001, the period in which Bain outsourced jobs and ran companies that fell into bankruptcy. The precise role Romney played at Bain between 19 raises questions about his credibility and whether he was in charge when Bain was sending jobs overseas during that period. Romney seemed unlikely to find any contrition from the Obama campaign, where a spokesman said there would be no apology, as the president's aides dug in on an issue they see as a winner for them. "Stop demanding an apology, release your tax returns." "There is no whining in politics," chided John Weaver, a veteran Republican strategist. It wasn't just Obama, though, pressuring Romney. "This is simply beneath the dignity of the presidency of the United States," Romney told ABC. In a round of interviews, the Republican candidate defended his account of his role at Bain, and said Obama owed him an apology for an aide's suggestion that the Security and Exchange Commission filings, if false, could bring a felony charge. "You can never satisfy the opposition research team of the Obama organization," Romney told CBS on Friday. Romney has said he won't go beyond releasing his 2010 tax records and, before the November election, his 2011 taxes. The ad was set to run in closely fought Colorado, Florida, Iowa, North Carolina, New Hampshire, Nevada, Ohio, Pennsylvania and Virginia, and debuts as Democrats and some Republicans call for Romney to release tax returns going back several years. The Obama campaign has countered that Romney ran a firm that pioneered the practice of sending American jobs out of the country and that his background is an investor. He's the problem," the ads says as Romney is heard singing "America the Beautiful."Īt stake is Romney's chief contention that as a former businessman, he has the experience to create jobs and spur a struggling economy. Obama was focusing on a state that he won in 2008, a first for a Democratic nominee since 1964, and on an issue that Romney says diverts attention from struggling economy.Ī new ad from Obama's campaign repeated the charges that the firm shipped American jobs to China and Mexico that Romney has personal wealth in investments in Switzerland, Bermuda and the Cayman Islands and that as Massachusetts governor, he sent state jobs to India. Obama campaign advisers said the president, during a second straight day in tightly contested Virginia, planned to remind voters on Saturday of the discrepancies between Securities and Exchange Commission filings and Romney's recollection of his role at Boston-based Bain Capital. Mitt Romney insists that he stepped down from his private equity firm years earlier than federal records indicate, but President Barack Obama is more than a little skeptical and says his Republican rival has much to explain. Obama traveled to southwest Virginia to discuss choice in this election between two fundamentally different visions on how to grow the economy, create middle-class jobs and pay down the debt. President Barack Obama greets the crowd after a campaign stop at the historic Fire Station No.1, in downtown Roanoke, Virginia, Friday, July 13, 2012. ![]() ![]() Twitter facebook Email This article is more than 10 years old.
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