Obama: ‘We Will Not Apologize’ For Attack Ads Against Romney
Get Breaking News First
WASHINGTON (CBSDC/AP) — President Barack Obama refuses to apologize for his attack on Mitt Romney’s record at Bain Capital.
During an interview with WAVY-TV, Obama said Romney’s business experience is fair game.
“We will not apologize,” Obama told WAVY, in reference to the campaign’s attack ads against Romney. “Mr. Romney claims he’s ‘Mr. Fix-It’ for the economy because of his business experience, so I think voters … legitimately want to know what is exactly his business experience.”
Obama has slammed Romney for his work at Bain Capital, saying the presumptive GOP nominee outsourced jobs during his tenure there.
Romney is also coming under fire for saying he left the private equity firm in 1999, despite records showing he was still part of the company nearly three years later.
Some Securities and Exchange Commission documents have surfaced suggesting Romney played an active role in the Boston-based company through 2002. The filings with the SEC place Romney in charge of Bain Capital from 1999 to 2001, the period in which it outsourced jobs and ran companies that fell into bankruptcy.
Documents seem to indicate Romney played an active management role in Bain Capital after 1999, when he and company officials say he left the firm to run the 2002 Winter Olympics in Salt Lake City.
Annual reports filed by Bain Capital with the state of Massachusetts said he had a role in the firm as late as 2001. The company’s 2002 report did not list Romney among the firm’s managing partners, suggesting he was no longer with Bain by that point.
Ed Gillespie, a Romney senior adviser, told CNN that the former Massachusetts governor “retired retroactively” after not going back to Bain Capital following the Olympics.
Bain Capital said in a statement that Romney “remained the sole stockholder for a time while formal ownership was being documented and transferred to the group of partners who took over management of the firm in 1999.”
(TM and © Copyright 2012 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2012 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)