Romney and Bain Capital Remain a Forefront Issue

Monday, July 16, 2012

Republican presidential candidate and former Massachusetts Gov. Mitt Romney speaks during a campaign event in St. Louis, Missouri. (Getty)

Among all the businesses that come and go from the headlines, Bain Capital is one that will not be escaping coverage any time soon. President Obama’s campaign continues to pressure Romney to release full tax records. Romney and his campaign say that this tactic is merely a distraction from the real issues and that Romney has shown what he’s needed to.

So what’s really going on? How will Romney move forward with the Democrats growing demands for his tax records? Or is this simply a distraction from President Obama tackling other campaign issues? Todd Zwillich, Washington correspondent for The Takeaway, explains the heated battle.

"The Bain Capital story has been an ongoing narrative that the Obama campaign has been building for many, many months. In fact, this was going all the way back to the primary," Zwillich says. The main difference now, however, is that Romney's name has appeared on SEC filings multiple times from 1999 to 2001, which contradict Romney's assertions that he and the firm parted ways in 1999. 

Zwillich says that even if the Obama campaign's accusations turn out to be baseless, the media's scrutiny of the issue has still worked to its benefit. 

"I've talked to Democrats about this, [and] they would love to have [Romney's] signature [next to an order to outsource jobs], if that even exists," he says. "However, if they never get to that, we're still talking about this." 

"Instead of talking about jobs and the economy or talking about Mitt Romney's record or credibility, this goes to another issue on the Sunday shows, which is Mitt Romney's tax returns, tax havens in the Cayman Islands, and Swiss Bank accounts," Zwillich says. "[It draws attention to] all of the issues about whether Mitt Romney's fit to lead in an economy that's recovering, and not President Obama's record."

Produced by:

Robert Balint, Mythili Rao and Ashley Wandishin


Todd Zwillich

Comments [2]

Ed from Larchmont

Bain Capital guided companies to outsourcing. Many companies did this, it's not illegal. For example GE did it in a big way, and was applauded by the Obama administration for its business practices.

Jul. 17 2012 05:50 AM

Why not release the Fast and Furious documents that led to an AG being held in Contempt of Congress?
Apparently nobody is desperate to ask that question.

Romney takes a pay cut in 1999 to spend three years making a success out of the failing Olympics and the media want to punish him for outsourcing.
Obama's policies have led to the loss of millions of jobs including outsourcing and engages in a cover-up of ferocious carnage in Mexico that his administration was responsible for and the media yawns.

How can the audience take this media coverage seriously?

Jul. 16 2012 10:28 AM

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