Romney goes on offensive on Bain Capital allegations

Washington, DC, United States (4E) – Republican presidential hopeful Mitt Romney went on a media blitz Friday to answer allegations of dishonesty regarding his tenure at Bain Capital.

The presidential hopeful was responding to reports and comments that he was still working for Bain on the company’s regulatory filings many years after he claimed he already left the investment firm.

Amid calls from fellow Republicans that he start getting tough against President Barack Obama and address questions about his involvement with Bain as well as his tax returns, Romney gave five different interviews that aired Friday on ABC, CBS, CNN, FOX, and NBC. Recently, the Romney campaign has been under pressure from negative headlines and constant media attacks from the president’s party.

On Thursday, the Boston Globe published a story questioning the actual timeline of Romney’s departure from Bain Capital. The issue about his tenure in Bain Capital is important because his campaign has claimed that the presumptive Republican nominee was never part of several controversial investment decisions that the company made after 1999.

President Obama on Friday also shifted his attacks against Romney into higher gear saying that the former Massachusetts governor must explain when really left Bain Capital and why his federal securities records do not match the statements he previously made.

The president weighed on the issue during an interview with a Virginia-based TV station and said that the accuracy of Romney’s statements over the time of when he actually left the company he co-founded is relevant to the campaign because it strikes the aspect of responsibility, and added that Romney should face the matter and explain his Bain tenure sooner rather than later.

The Obama campaign is trying to refute Romney’s business experience, which is central to his candidacy and his ability in job creation. The campaign is trying to scrutinize the period of when Romney supposed to have left Bain Capital to lead the country’s hosting of the 2002 Salt Lake City Olympics.

Both Romney and Bain Capital have maintained he no longer had any management responsibilities with the firm beginning February 1999. However, some filings of several Bain Capital entities with the Securities and Exchange Commission put Romney as CEO, chairman, and president until January 2002.

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