If Mitt Romney was hoping to deflect attention from Bain Capital this week, it's apparent the Obama campaign is in no way ready to ease its focus from when exactly Romney left his role at the private equity firm. After a Romney adviser said on Sunday that the presumptive Republican nominee "retired retroactively" from Bain Capital, the president's reelection team released a memo on Monday morning highlighting critical questions that remain unanswered.
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?
Romney's campaign has maintained that the former Massachusetts governor relinquished his role at Bain Capital in 1999, but evidence continues to surface that Romney may have remained active at the firm as far as 2002.
Birth Certificate -- "Born In The USA"
<a href="http://www.huffingtonpost.com/2011/04/27/obama-birth-certificate-r_n_854248.html" target="_hplink"><strong>(April 27, 2011) --</strong></a> The White House <a href="http://www.whitehouse.gov/blog/2011/04/27/president-obamas-long-form-birth-certificate" target="_hplink">released</a> President Barack Obama's "long form" birth certificate, adding documentation to a longstanding discussion over his ability to serve as commander in chief. "We do not have time for this kind of silliness," Obama said. "We have better stuff to do. I have got better stuff to do. We have got big problems to solve." (JEWEL SAMAD/AFP/Getty Images)
Osama Bin Laden Killed -- "Tonight, Tonight"
<a href="http://www.huffingtonpost.com/2011/05/01/osama-bin-laden-dead-killed_n_856091.html" target="_hplink"><strong>(May 1, 2011)</strong></a> -- In a televised address to the nation, Obama announces that Osama bin Laden is dead. His death was the result of a U.S. operation launched today in Abbottabad, Pakistan, against a compound where bin Laden was believed to be hiding. "[T]oday's achievement is a testament to the greatness of our country and the determination of the American people," Obama proclaimed. (Photo by Pete Souza/The White House via Getty Images)
Debt Ceiling Deal -- "Gold On The Ceiling"
<a href="http://www.huffingtonpost.com/2011/08/02/obama-debt-ceiling-deal-jobs_n_916285.html" target="_hplink"><strong>(Aug. 2, 2011) --</strong></a> After the Senate passed a bill to raise the debt limit, Obama pleaded with Congress to shift their attention to jobs. "I will urge them to immediately take some steps -- bipartisan, common-sense steps -- that will make a difference; that will create a climate where businesses can hire, where folks have more money in their pockets to spend, where people who are out of work can find good jobs," he said. (Photo by Brendan Smialowski/Getty Images)
Don't Ask Don't Tell -- "Don't Stop Believin'"
<a href="http://www.huffingtonpost.com/2011/09/20/barack-obama-dont-ask-dont-tell-repeal-statement_n_971662.html" target="_hplink"><strong>(Sept. 20, 2011) --</strong></a> As the ban on gays serving in the military came to an end, Obama hailed the fresh start, celebrating the fact that "patriotic Americans in uniform will no longer have to lie about who they are in order to serve the country they love." (Photo by Brendan Hoffman/Getty Images)
Iraq War To End -- "Homeward Bound"
<a href="http://www.huffingtonpost.com/2011/10/21/obama-iraq-troop-withdrawal_n_1024108.html" target="_hplink"><strong>(Oct. 21, 2011) --</strong></a> Obama announced that all U.S. troops will be out of Iraq by 2011, fulfilling a promise that dated back to his campaign. "As a candidate for president, I pledged to bring the war in Iraq to a responsible end," Obama said. "So today I can report that, as promised, the rest of our troops in Iraq will come home by the end of the year." (Photo credit should read JIM WATSON/AFP/Getty Images)
Singing Al Green's "Let's Stay Together"
<a href="http://www.huffingtonpost.com/2012/01/20/obama-al-green-apollo-theater_n_1218070.html" target="_hplink"><strong>(Jan. 20, 2012) --</strong></a> During a fundraiser at Harlem's historic Apollo Theater, Obama delivered a memorable musical message to his donors. With Rev. Al Green in attendance, Obama sang part of Green's hit song "Let's Stay Together," drawing strong applause from the crowd.
Singing Robert Johnson's "Sweet Home Chicago"
<a href="http://www.huffingtonpost.com/2012/02/21/obama-sings-sweet-home-chicago_n_1292576.html" target="_hplink"><strong>(Feb. 21, 2012) --</strong></a> Days after his Al Green rendition, Obama flexed his vocal chords again with a hometown favorite. The East Room of the White House had its blues fix filled when the president started swinging "Sweet Home Chicago."
Gay Marriage -- "Can't Fight This Feeling"
<a href="http://www.huffingtonpost.com/2012/05/09/obama-gay-marriage_n_1503245.html" target="_hplink"><strong>(May 9, 2012) --</strong></a> In a sit-down interview with ABC's Robin Roberts, Obama explained his evolution on the issue, affirming his support for gay marriage. "[A]t a certain point I've just concluded that for me personally it is important for me to go ahead and affirm that I think same sex couples should be able to get married," he said.
Immigration -- "With Arms Wide Open"
<a href="http://www.huffingtonpost.com/2012/06/15/obama-immigration-order-deportation-dream-act_n_1599658.html " target="_hplink"><strong>(June 15, 2012) --</strong></a> The Obama administration addressed America's immigration issue, announcing that it will halt deportations and grant work permits to young individuals eligible for Dream-Act benefits. "They pledge allegiance to our flag," Obama said. "They are Americans in their hearts, in their minds, in every single way but one: on paper."(Photo by Alex Wong/Getty Images)
Health Care Reform -- "Beautiful Day"
<a href="http://www.huffingtonpost.com/2012/06/28/supreme-court-health-care-decision_n_1585131.html" target="_hplink"><strong>(June 28, 2012) --</strong></a> After weeks of speculation that Obama's signature piece of legislation could be overturned, the Supreme Court ruled that the Affordable Care Act's individual mandate is constitutional. "It should be pretty clear that I didn't do this because it's good politics," <a href="http://www.huffingtonpost.com/2012/06/28/obama-health-care-ruling_n_1632953.html" target="_hplink">Obama said</a>. "I did it because it's good for the country." (Photo by Alex Wong/Getty Images)