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Maddow: Romney’s primary Bain defense has crumbled

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One of the key political defenses former Massachusetts Gov. Mitt Romney (R) has turned to throughout the years — that he left Bain, the equity firm he founded, in 1999 and therefore should not be held accountable for what the company did thereafter — has crumbled into dust thanks to the work of a couple of intrepid reporters from The Boston Globe, who learned that the company still listed him as CEO until 2002.

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That defense has protected Romney time after time over the years when opponents hit him over his private equity firm’s decisions to ship jobs overseas and shutter whole companies to make a profit. But no longer.

Appearing on MSNBC’s The Rachel Maddow Show on Thursday night, Globe reporter Christopher Rowland explained that the paper will not be retracting his story despite the Romney campaign’s insistence that it was not accurate.

“The paper trail that they created over those three years really paints a totally different picture of Mitt Romney’s involvement with the firm,” he said. “If you look at the paperwork alone, it shows that he was the man in charge. That’s a big, startling change from the way that they’ve described it over the years.”

Rowland added: “They key is that he indeed did leave, he was in [Salt Lake City, running the Olympics]. So, to a certain extent, he’s legally in charge. I don’t think the Globe and other reporting is not saying that he was in the boardroom on a daily basis at Bain calling the shots. But certainly these records show that he was in charge, that he had legal responsibility. He was the man with oversight responsibility for the company.”

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Obama campaign lawyer Robert Bauer warned Thursday that if Bain was in fact misleading its investors and the Securities and Exchange Commission by claiming Romney was CEO when he really wasn’t, both Bain and Romney could be in seriously hot water — and possibly even guilty of criminal offenses.

This video is from MSNBC’s The Rachel Maddow Show, broadcast Thursday, July 12, 2012.

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2020 Election

Cory Booker planning to suspend his campaign if his fundraising does not improve: report

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On Saturday, NBC News reported that Sen. Cory Booker (D-NJ) has released a campaign memo indicating he will exit the Democratic presidential primary if he is unable to raise millions of dollars within days.

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Donald Trump lashed out at the media for pursuing the story of a suppressed inspector general's report that he may have made an illegal promise to the president of Ukraine, saying they should be investigating former Vice President Joe Biden instead.

Taking to Twitter, the president wrote: "The Fake News Media and their partner, the Democrat Party, want to stay as far away as possible from the Joe Biden demand that the Ukrainian Government fire a prosecutor who was investigating his son, or they won’t get a very large amount of U.S. money, so they fabricate a..... story about me and a perfectly fine and routine conversation I had with the new President of the Ukraine. Nothing was said that was in any way wrong, but Biden’s demand, on the other hand, was a complete and total disaster. The Fake News knows this but doesn’t want to report!"

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The new Rambo movie is essentially a MAGA fever dream of bigotry

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"Rambo: Last Blood," the latest in the long-running franchise about a traumatized war veteran (Sylvester Stallone) turned on-demand badass, is less an escapist action movie and more a dramatized manifestation of the most notorious sentences from Donald Trump's presidential campaign announcement speech: "They're bringing drugs. They're bringing crime. They're rapists. And some, I assume, are good people." Even for a series that has always been shaped by a right wing worldview, the only reason for this latest sequel to exist — besides generating profits from die-hard Stallone fans — is to validate MAGA-world bigotries about Mexicans.This article first appeared in Salon.

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