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The only information presented in Romney's Bluster Offensive last week was that he left Bain in February of 1999 and that was the end of the story. If the Obama team wants to claim anything else, they're just being mean and unpresidential.  Being the curious sort, I wanted to go into the news media and prove Romney right. Since I work in a law library, I have access to Lexis and WestLaw, so I went into the news sources and came up with this:

"Mitt Romney, the Republican businessman who failed to unseat U.S. Sen. Edward M. Kennedy, D-Mass., in 1994, is quitting Bain Capital, the Boston-based investment firm he owns, to get back into politics... Romney is giving up 100-percent control of Bain Capital to 26 managing directors...
Providence Journal, R.I., Business Briefs Column August 26, 2001"

This was printed some 2 and a half years after Romney "quit" Bain, but notice the present tense here. Maybe that press release was sitting on their desk for 30 months before they got around to printing it. I don't think so. This appears to be what they mean by "Retroactive Retirement," which has to be the dumbest concept to ever emerge from the spin room.

The full article ends with a list of the great job-creating companies started by Bain - the Sports Authority, Staples and Domino's Pizza. These are job creators if you are counting minimum wage employment with no benefits.

In response to many requests, here is a link that contains the full posting.

Originally posted to terryballard on Tue Jul 17, 2012 at 06:11 AM PDT.

Also republished by The Bain Files.

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