Posted by DrJohn on 25 July, 2012 at 6:00 am. 38 comments already!

Spending time at Huffington Post can be one interesting experience. It is impressive to watch an entire segment of society engaging in self-indulgence and self-delusion. If Barack Obama told them Mitt Romney was an alien from Remulak and his house had to be burned down and he had to be destroyed they’d do without so much as a thought. When confronted with facts, they simply deny them. They stick their fingers in their ears, close their eyes and yell “LALALALALALALA.” “Liar” is the word of the day for Mitt Romney.

A sampling:

electricsoul:

As if we didnt already know but this further proves the man to be a big liar. He isnt even a good liar. Lying about somethng so rediculous. This man has no character at all.

Hardyman1966:

I see potential felony fraud allegations on the horizon with the SEC.

Scrnwrtr82

The lies are starting to close in and all those people representing you are going to start telling the truth or start to back away…just a matter of time.

Jim Roos in SC

Fact check-Smack check. Let’s do a REALITY check.

Caymus77

Looking down the page I see a lot of Romney supporters in panic mode trying to change the subject rather than address Mitt Romney’s lies and his possible commission of a felonies in the process.

What is the truth? The truth is that Romney has been telling the truth, says the NY Times:

President Obama and the Democrats are questioning whether Mr. Romney really left Bain in February 1999, when he took over the Olympics. And Mr. Romney and the Republicans are insisting that he ended his day-to-day management role at Bain after taking the Olympics job.

At stake is whether Democrats can hold Mr. Romney responsible for a series of now-controversial investments Bain made during the period in question, including in companies that specialized in outsourcing, laid off some of their workers or declared bankruptcy.

Great levity ensued when Ed GIllespie described Romney as having “retired retroactively” but that was exactly what happened:

The complications arise in part from the ways in which Bain was organized. When Bain Capital was originally created, Mr. Romney was given full control of the private equity firm’s new management company, Bain Capital Inc. When Mr. Romney went on leave in 1999, he retained ownership of that entity — and with it, in theory at least, the power to control Bain Capital’s funds.

At the time, Mr. Romney appeared to be leaving open the possibility that he would return to Bain. His leave was originally characterized as part time, and he told The Boston Herald in 1999 that he would be providing input on investment and personnel decisions in his absence.

Campaign and company officials now say that the Olympics job quickly became all-consuming and that Mr. Romney delegated his management powers to the active partners, most of them longtime friends and colleagues. And in recent years, Mr. Romney has been far more definitive in characterizing his departure.

“Since Feb. 11, 1999, Mr. Romney has not had any active role with any Bain Capital entity and has not been involved in the operations of any Bain Capital entity in any way,” reads a footnote to Mr. Romney’s most recent federal financial disclosures.

HuffPo went into hyperventilation when it was noted that Romney’s signatures appeared on scores of documents but there was a legal reason for that:

“Mitt’s name were on the documents as the chief executive and sole owner of the company,” Edward W. Conard, a Bain partner at the time, said during an appearance on MSNBC on Sunday. “And it took several years for us to sort out how to put the management team in place.”
….

“It’s a disconnect between the ownership interest and managerial functions,” said Harvey L. Pitt, who served as S.E.C. chairman under President George W. Bush. “When Bain takes positions in public companies, they’re required to show anyone who has an ownership interest that could be the effective equivalent of control. So Romney has to be shown on those filings. If they didn’t show them on those filings, they would have broken the law. But it has nothing to do with who’s actually running Bain Capital.”

And the clincher:

Indeed, no evidence has yet emerged that Mr. Romney exercised his powers at Bain after February 1999 or directed the funds’ investments after he left, although his campaign has declined to say if he attended any meetings or had any other contact with Bain during the period. And financial disclosures filed with the Massachusetts ethics commission show that he drew at least $100,000 in 2001 from Bain Capital Inc. — effectively his own till — as a “former executive” and from other Bain entities as a passive general partner.

Had Romney not done these things he would have run afoul of the SEC and would have had a bucket load of trouble.

Then Romney chose to save the 2002 Olympics and is being trashed by the left for doing that. The Obama campaign has gone so far as to suggest Romney is a felon:

Mitt Romney either lied in federal filings that show he worked at Bain Capital through 2002 and could be guilty of a felony, or has lied to the American people in saying he left the company in 1999, the Obama campaign is arguing in light of news reports on the firm’s filings with the Securities and Exchange Commission.

Romney has been vindicated by many sources- FactCheck.org (twice), WaPo (also twice), CNN (also twice) and ABC News.

And Obama refuses to apologize for the “felon” smear. This is from the miscreant who claims he wants to return decency to politics.

The truth is there for all to see. If Obama had anything it would be on the table already, but I for one would not be at all shocked to learn that David Axelrod had copies of all of Romney’s tax returns in his grubby hands already.

Have I mentioned that there were only 80,000 new jobs last month and more people are becoming disabled than are going into employment?

Maybe that’s why the Obama White House is demoralized and why Obama has to hack $10 magnets and beg that you send him money in lieu of a wedding gift. And maybe it goes a long way to explain why leaders in the democrat Senate think Obama has no idea what he’s doing.

[youtube]http://www.youtube.com/watch?v=QDX46Y2w9a8[/youtube]

One thing is for certain. They can’t handle the truth.

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