First, Investor's Business Daily explains what's happening:
The Obama campaign has reached new depths of hypocrisy and mendacity in accusing its GOP opponent of a felony. Mr. President, let he who is without secrets guarded like Fort Knox cast the first stone.
For a Barack Obama operative to accuse Mitt Romney of misrepresenting his chairmanship at Bain Capital to the Securities and Exchange Commission over a decade ago, "which is a felony," as Stephanie Cutter said, reveals the desperation of a presidential re-election campaign that must distract Americans from its dismal economic record.
But it also raises other issues, including: this president's willingness to run on lies, his refusal to practice what he preaches, and the outrageous negligence of the Democrats' powerful lapdogs in the media.
To which Ace Commenter Rich, comfortable in Chicago-style politics on this issue, responds:
Romney wants to have his cake and eat it too: He created wealth and was incredibly successfull at Bain, except for when it doesn't fit his narrative. Please! So I am not gonna wring my hands over Obama's attention to detail. Obama isn't a journalist, he is a politician. And politucs ain't bean bag. If Romney is gonna leave his flank exposed this much...that's his problem and our advantage. So I am guessing I will be enjoying the Bain atacks till the first week of November.Because strategic advantage is more important than the direction of the country. Back to IBD:
First, the Boston Globe, whose July 12 story Cutter parroted, seemed to be intentionally misleading by saying that, "Government documents filed by Mitt Romney and Bain Capital say Romney remained chief executive and chairman of the firm three years beyond the date he said he ceded control."
Because of the suddenness with which Romney left Bain to save the Salt Lake City Winter Olympic Games in 1999, during which ownership was being legally transferred to a group of partners, it would have been out of order — possibly unlawful — for Romney's name not to be on the documents Bain filed with the SEC.
The Washington Post's Fact Checker even slapped the Globe with "Three Pinocchios" and "were tempted to award this claim Four Pinocchios ... ."
This is not the first lie the Obama presidency and campaign have propagated. From claiming that U.S. oil output "is the highest that it's been in eight years" (while oil output on federal lands was falling 275,000 barrels a day), to portraying a company fixer and job creator like Romney as an outsourcer, Obama's untruths are legion.
Not so fast, says Ace Commenter Rich:
Moreover, Obama's attacks are legit. And contra Gino, this is not too complicated for your average voter to understand. Romney retainined his titles of owner and CEO at Bain through 2002. This means that he is legally and morally responsible for what happened there during this period. In spite of his practical level of day-to-day involvement, he is accountable. (I thought Republicans were big on personal accountability). Do we really want a guy who refuses to take responsibility for his own company while he was sole owner and CEO as President?We already have a guy who has spent 3 1/2 years blaming his predecessor for everything that has happened in his tenure, so I take Rich's point -- why change horses now? Wait -- I know! If you have a Republican president, you can hold him accountable! Well, back to IBD:
If the media did their job, Cutter's remark would have made this a story about the Obama campaign smearing Romney by spreading a bogus story, then aggressively making false allegations of criminal behavior.To which Ace Commenter Rich replies:
As Politico commented after Cutter's slanderous charge, when it comes to Romney and Bain, "things are reaching the point where the facts don't really matter."
Indeed, that could be a blanket statement about the entire Obama campaign.
You guys are just upset because Obama isn't following the "Democrats are wimps" narrative. This Pres ain't Gore, Kerry or Dukakis.So there. IBD, you ignorant slut.