Chronicling Mitt’s Mendacity, Vol. XI

Chronicling Mitt’s Mendacity, Vol. XI


ChickenBones: A Journal

for Literary & Artistic African-American Themes



Rachel argued this week that Romney lies “all the time, really easily,” adding, “He says

things that are not true with unnerving frequency, arguably more than any modern

candidate for major office, and there are a lot of creeps among them. Some dishonesty

 in national American politics is frankly routine. It’s too bad, but it’s true. Romney

-style  dishonesty is a sight to behold. It’s different. He’s bending the curve.”



Books by Mitt Romney

No Apology: Believe in America

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Chronicling Mitt’s Mendacity, Vol. XI

By Steve Benen



23 March 2012

It was heartening that Mitt Romney‘s habitual dishonesty generated far more attention than usual this week, but the scrutiny doesn’t appear to have discouraged the Republican frontrunner, who hadIndeed, Jamelle Bouie noted the other day, Romney “is running against policies that haven’t happened and an Obama that doesn’t exist. Exaggeration is normal in politics, but this goes beyond garden-variety embellishment.”

To help drive the point home, take a look at the 11th installment of my weekly series, chronicling Mitt’s mendacity. Unfortunately, it’s one of the longest editions to date.

1. Romney argued this week, “There’s no question that when [President Obama] ran for office, he said he wanted to see gasoline prices go up.”

No, he didn’t.

2. Romney told Fox News, “[President Obama] said that energy prices would skyrocket under his views and he selected three people to help him implement that program: the secretary of energy, the secretary of the interior, and the EPA administrator.”

That’s not even close to being true.

3. Romney also told Fox News’ Bret Baier this week about President Obama, “This is a president [who] simply does not have experience in tough situations.”

That’s ironic coming from a coddled multi-millionaire from a powerful, wealthy family, but it’s also blatantly untrue. Obama has experience leading the nation during a time of multiple ongoing crises. Love him or hate him, the economic crisis, the war in Iraq, the war in Afghanistan, the strikes on bin Laden and al Qaeda, and the offensive in Libya count as “tough situations” — tougher than anything Romney has ever seen in his entire life.

4. In reference to Iran, Romney told Fox News, “It’s quite clear that the president wants to avoid in any way a discussion about a military option.”

It’s quite clear Romney’s not telling the truth. Obama recently told AIPAC, in a speech Romney heard and critiqued, “I have said that when it comes to preventing Iran from obtaining a nuclear weapon, I will take no options off the table, and I mean what I say. That includes all elements of American power: A political effort … a diplomatic … an economic effort … and, yes, a military effort to be prepared for any contingency.”

5. In making the case against the Affordable Care Act, Romney said, “Now we find out from the Congressional Budget Office that [Obama administration officials] underestimated its costs — multiple trillions of new federal spending is simply not something people can afford.”

That’s just not what the Congressional Budget Office said.

6. In the same appearance, Romney said his first problem with the health care reform law is the “$500 billion cut in Medicare.”

Romney loves this line, but it’s simply not true.

7. In his University of Chicago speech, Romney said, Obama administration “bureaucrats” are telling “farmers what their 15-year-old sons and daughters can and can’t do on the family farm.”

That’s plainly false.

8. In the same speech, Romney said, “Under Dodd-Frank, [entrepreneurial pioneers] would have struggled to get loans from their community banks.”

Romney has to know that’s not true.

9. In the same speech, Romney promised, “Instead of raising taxes, I will cut them.”

Well, he’d cut taxes for most folks, but for those working families struggling most, the Romney plan calls for a tax increase.

10. In his victory speech in Illinois after the primary, Romney said, “The government would have banned Thomas Edison’s light bulb. Oh, that’s right. They just did.”

This isn’t just a lie; it’s a dumb lie.

11. Romney told voters in Maryland, “[O]ne of the things that just broke my heart was watching the president go around the world apologizing for America.”

You’ve got to be kidding me.

12. Romney told a Wisconsin radio show this morning that Paul Ryan’s budget plan “does not balance the budget on the backs of the poor and the elderly.”

That’s the exact opposite of reality.

13. In the same interview, Romney said the Ryan plan “preserves Medicare.”

Actually, it ends Medicare, and replaces it with vouchers.

14. Romney argued in a separate appearance this morning, “The Catholic Church is being told that they have to provide insurance that covers morning after pills, sterilizations, and contraceptives. Despite the fact that these very features violate the conscience of the Catholic Church itself.

He’s lying. That’s not what the Catholic Church — or any other house of worship — is being told at all.

Rachel argued this week that Romney lies “all the time, really easily,” adding, “He says things that are not true with unnerving frequency, arguably more than any modern candidate for major office, and there are a lot of creeps among them. Some dishonesty in national American politics is frankly routine. It’s too bad, but it’s true. Romney-style dishonesty is a sight to behold. It’s different. He’s bending the curve.”

And as this morning’s lies help demonstrate, the candidate doesn’t even seem to care about being caught. I’ve never seen anything like it.

Previous editions of Chronicling Mitt’s Mendacity: Vol. I, II, III, IV, V, VI, VII, VIII, IXX.

Source: /Maddowblog

Mitt Romney Distinguished by Lying (Rachel Maddow)


In No Apology: Believe in America, Mitt Romney asserts that American strength is essential—not just for our own well-being, but for the world’s. Nations such as China and a resurgent Russia threaten to overtake us on many fronts, and violent Islamism continues its dangerous rise. In the face of such challenges, America need not apologize for its liberties, but must use them wisely. We need renewal: fresh ideas to cut through complicated problems and restore our strength. Creative and bold, Romney proposes solutions to restore economic vitality, create good jobs, reduce out-of-control spending on entitlements and health care, dramatically improve education, and rebuild a military battered by years of war. Most important, he calls for a new commitment to citizenship, a common cause we all share, rather than a laundry list of individual demands.

Many of his solutions oppose President Obama’s policies, many also run counter to Republican thinking, but all have one strategic aim: to strengthen America and preserve our global leadership. Mitt Romney is an American businessman and former governor of Massachusetts. Romney was a candidate for the Republican nomination in the 2008 United States presidential election.



Romney takes a page from the Karl Rove

(Rachel Maddow)  /

Donald Ritchie—Foundations of the U. Senate

When Mitt Romney Came To Town

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Romney Speaks at News Editors Annual Conference /A Make-or-Break Moment for the Middle Class


Romney questions Obama’s candor on range of issues—David Espo—4 April 2012—Republican presidential challenger Mitt Romney accused President Barack Obama on Wednesday of running a hide-and-seek re-election campaign that assumes what the voters don’t know about his plans for missile defense, Medicare and more “won’t hurt him.” Delivering what amounted to a rebuttal from the same podium where Obama spoke a day earlier, the Republican nominee-in-waiting said remarks the president was recently heard making to Russian President Medvedev call “his candor into serious question.”

“What exactly does President Obama intend to do differently once he is no longer accountable to the voters?” he asked. . . . Romney spoke one day after Obama delivered a scathing indictment of Republican economic policies in a speech to the annual meeting of The Associated Press.

In reply, the Republican challenger said Obama “criticized policies no one is proposing. It’s one of his favorite strategies—setting up straw men to distract from his record.” Romney spoke to the Newspaper Association of America and the American Society of News Editors on the morning after he swept to victory in three more primaries, in Wisconsin, Maryland and Washington, D.C. . . .  

His remarks came just hours after Obama’s combative campaign speech in Washington, in which he attacked House Republicans’ budget plan as “thinly veiled social Darwinism” that “is antithetical to our entire history as a land of opportunity and upward mobility for everybody who’s willing to work for it.” Obama called it “a prescription for decline.”

After his speech Wednesday, Romney planned to head to a campaign event in the Philadelphia suburbs. He was to campaign in the state Thursday as well. Romney won 86 delegates in the three races Tuesday, which pushed his total to 658 of the 1,144 needed to clinch the nomination. Santorum has 281 delegates, Newt Gingrich 135 and Ron Paul 51. . .

Already, the early outlines of a general election ad war are visible. Obama’s re-election campaign is airing commercials in a half-dozen battleground states that accuse Romney of siding with Big Oil “for their tax breaks, attacking higher mileage standards and renewables.” The ads are a rapid response to $3 million in commercials aired by an outside group, American Energy Alliance, blaming the president for rising gasoline prices. In his campaign for the Republican nomination, Romney has collected endorsements from former President George H.W. Bush; Florida Sen. Marco Rubio, a tea party favorite; and Rep. Paul Ryan of Wisconsin, author of a conservative budget that Republicans pushed through the House last week.—


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Romney/s Bain Capital Made Billions While Bankrupting Nearly One-Quarter Of The Companies It Invested In—Pat Garofalo—9 January 2012—2012 GOP presidential frontrunner Mitt Romney, who has a large lead in the polls heading into the New Hampshire primary tomorrow, has been taking heat from both Democrats and his Republican challengers for his time at Bain Capital, the private equity firm that he headed. Bain’s modus operandi was to invest in companies, leverage them up with debt, and then sell them off for scrap, allowing Bain’s investors to walk away with huge profits while the companies in which Bain invested wound up in bankruptcy, laying off workers and reneging on benefits. Last week, Reuters profiled one company, Worldwide Grinding Systems, that went belly up after Bain invested in it. The company not only lost 750 jobs, but the federal government had to come in to bail out its pension fund, while Bain walked away with millions in profits. And according to an analysis by the Wall Street Journal, this was far from an isolated incident.

In fact, 22 percent of the companies in which Bain invested wound up either in bankruptcy or shutting their doors entirely, while Bain itself has made billions of dollars for its investors: The Wall Street Journal, aiming for a comprehensive assessment, examined 77 businesses Bain invested in while Mr. Romney led the firm from its 1984 start until early 1999, to see how they fared during Bain’s involvement and shortly afterward. Among the findings: 22% either filed for bankruptcy reorganization or closed their doors by the end of the eighth year after Bain first invested, sometimes with substantial job losses. An additional 8% ran into so much trouble that all of the money Bain invested was lost. […]

The Journal analysis shows that in total, Bain produced about $2.5 billion in gains for its investors in the 77 deals, on about $1.1 billion invested. Overall, Bain recorded roughly 50% to 80% annual gains in this period, which experts said was among the best track records for buyout firms in that era. Adding insult to injury, Bain would hide its profits in tax havens, not even paying the rate it was supposed to on the profits it made laying off workers. Romney has tried to spin his firm’s record of destruction as simply the way “free enterprise” works, claiming that Bain, overall, created 100,000 jobs. However, the campaign recently admitted that the 100,000 statistic is bogus, cherry-picked from a few successful ventures. One of Romney’s former partners at Bain has even said, “I never thought of what I do for a living as job creation…The primary goal of private equity is to create wealth for your investors.”



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Romney Founded Business That Utilized Offshore Tax Havens, Costing Taxpayers Billions In Lost Revenue—Travis Waldron—12 April 2011—Former Massachusetts Gov. Mitt Romney (R) took the first step toward launching his presidential campaign yesterday, touting his business experience and record as governor in a clear attempt to position himself as a pro-business alternative to President Obama. He made no mention, however, of Bain Capital, the company he founded in 1984.

However, while Romney often cites closing corporate tax loopholes in Massachusetts to balance the state’s budget as among his biggest successes, he simultaneously owes some of his personal wealth to the fact that the company he helped start took advantage of offshore tax havens to shield investors from having to pay American taxes. (Romney was the wealthiest of all presidential candidates in 2008, boasting a personal fortune of nearly $250 million and spending $45 million of his own money during the 2008 primary.) As the Los Angeles Times reported in 2007:

Romney gained no personal tax benefit from the legal operations in Bermuda and the Cayman Islands. But aides to the Republican presidential hopeful and former colleagues acknowledged that the tax-friendly jurisdictions helped attract billions of additional investment dollars to Romney’s former company, Bain Capital, and thus boosted profits for Romney and his partners.




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Romney at Bain: Big Gains, Some Busts—9 January 2012—Mitt Romney’s political foes are stepping up attacks based on his time running investment firm Bain Capital, tagging him with making a fortune from the rougher side of American capitalism—even as Mr. Romney says his Bain tenure shows he knows how to build businesses.

Amid anecdotal evidence on both sides, the full record has largely escaped a close look, because so many transactions are involved. The Wall Street Journal, aiming for a comprehensive assessment, examined 77 businesses Bain invested in while Mr. Romney led the firm from its 1984 start until early 1999, to see how they fared during Bain’s involvement and shortly afterward.

Among the findings: 22% either filed for bankruptcy reorganization or closed their doors by the end of the eighth year after Bain first invested, sometimes with substantial job losses. An additional 8% ran into so much trouble that all of the money Bain invested was lost.

Another finding was that Bain produced stellar returns for its investors—yet the bulk of these came from just a small number of its investments. Ten deals produced more than 70% of the dollar gains.

Some of those companies, too, later ran into trouble. Of the 10 businesses on which Bain investors scored their biggest gains, four later landed in bankruptcy court. . . .

Mr. Romney has told potential voters how at Bain he helped launch or rebuild companies such as Staples Inc., SPLS -0.83% Domino’s Pizza Inc. and Sports Authority Inc., creating more than 100,000 jobs.

His rivals have sought to turn his Bain tenure against him. Rick Perry has run an ad saying Mr. Romney “made millions buying companies and laying off workers.” Newt Gingrich has said Mr. Romney should “give back all the money he’s earned from bankrupting companies and laying off employees over his years at Bain.”

Mr. Gingrich laced into Mr. Romney at this weekend’s debates, and a group associated with the former House Speaker plans to release a 28-minute documentary blistering Mr. Romney’s Bain tenure. Meanwhile, on ABC on Sunday, Obama strategist David Axelrod criticized Mr. Romney as “a corporate raider.”

Mr. Romney describes job losses and bankruptcies as an inevitable byproduct of the capitalist system, and has said that in some cases, eliminating some jobs may save the rest of the company. In response to Mr. Gingrich, Mr. Romney said: “Doesn’t he understand how the economy works? In the real economy, some businesses succeed and some fail.”

Asked in an interview about Bain’s bankruptcy and failure rate, Mr. Romney said that in buyout deals, “our orientation was by and large to acquire businesses that were out of favor and in some cases in trouble.” He added that Bain wasn’t the type of firm that stripped companies and fired workers, but instead, “our approach was to try to build a business. We were not always successful.”

(Mr. Romney had a particularly close involvement with one firm that flamed out, a maker of children’s dolls meant to resemble their owners. Please see accompanying article.)

Bain, citing privacy reasons, declined to provide a list of the companies it invested in.

For its analysis, the Journal used a list of 77 Bain investments inked from 1984 through 1998 that were included in a document that a unit of Deutsche Bank AG DB -4.65%circulated in 2000, while soliciting participants in a fund to invest with Bain. The document—which cites Bain as a source—appears to be the most authoritative available for Bain’s activities, and says that the deals accounted for about 90% of the money Bain invested during that period. The Journal obtained updated information from a similar 2004 prospectus.

The list focused on larger “private equity” investments—typically deals in which Bain took control of a business, or in some cases worked with another buyout firm to do so, aiming to improve the target business’s performance. Deutsche Bank lumped into a single line all of Bain’s investments of less than $2 million and those that were more of a venture-capital nature, which generally involved buying minority stakes in promising small companies such as Staples.

Seventeen of the 77 private-equity targets filed bankruptcy petitions, usually Chapter 11 reorganization, or closed their doors by the end of the eighth year after Bain’s investment.

Of these, at least five clearly were still controlled and run by Bain at the time. In three other cases, Bain was a minority investor in a deal run by another buyout firm. In some of the remaining cases, Bain still held a small stake or had just sold out when the bankruptcy filing or shutdown occurred, while in other cases the trouble struck several years after Bain’s exit.

Academic research provides some basis to compare this performance. A study of buyouts by various firms globally found a 5% to 8% bankruptcy rate among target companies that were taken over from 1985 to 1999. However, this 2007 study, by Swedish academic Per Strömberg, followed the target companies only until the buyout firm’s exit, not until eight years after the investment as did the Journal. So companies that went public, then filed for bankruptcy a few years later, wouldn’t have been counted as bankruptcies in the study.



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Romney Flashback: Poor Mothers Should Be Required To Work Outside The Home Or Lose Welfare—Alex Seitz-Wald—15 April 2012—In case it wasn’t already clear that last week’s controversy over stay at home moms was entirely manufactured, this should put the question to bed. Romney and allies cried that Democrats had declared “war on moms” after a Democratic strategist said Romney’s wife hadn’t worked a day in her life. Romney’s camp said this meant Democrats don’t value stay at home moms and motherhood, while they believe that women who stay home are doing real work.

But for every Romney action, there is an equal and opposite Romney reaction, and this morning, MSNBC’s Chris Hayes dug up a video of Romney from just January in which the Republican presidential candidate said he wanted to require women who receive welfare to work outside the home, even if their children are very young. He told a New Hampshire audience: “I wanted to increase the work requirement,” said Romney. “I said, for instance, that even if you have a child 2 years of age, you need to go to work. And people said, ‘Well that’s heartless.’ And I said, ‘No, no, I’m willing to spend more giving day care to allow those parents to go back to work. It’ll cost the state more providing that daycare, but I want the individuals to have the dignity of work.”—


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Barney Frank Slams Allen West: ‘Not Even Joe McCarthy Would Have Said Anything So Stupid’—11 April 2012—WASHINGTON — Rep. Barney Frank (D-Mass.) on Wednesday tore into Rep. Allen West (R-Fla.) for saying that members of the Congressional Progressive Caucus are communists. “Not even Joe McCarthy would have said anything so stupid and dissociated from reality,” Frank said in a call with The Huffington Post. “It’s an indication of the significant deterioration of the Republican Party as a responsible entity that an ignorant, mean guy like Allen West is considered one of their stars.” The Massachusetts Democrat, who is retiring this year after 16 terms in Congress, said he is proud of his record over the years in cooperating with even the most conservative of Republicans. But West’s remarks—he told constituents on Tuesday that as many as 80 members of the Congressional Progressive Caucus are members of the Communist Party—show that the current flank of House Republicans leaves little room for bipartisanship, Frank said.

“I ask people, when you hear something so breathtakingly dumb and vicious as that, how do people expect us to be able to work out some compromise with him?” Frank said. Asked why he felt West’s comments were “vicious,” Frank said it is because communism has historically been a doctrine of repressing people’s rights.—huffingtonpost

Top Ten Catholic Teachings Santorum Ignores / Federalist and Fourteenth Amendment

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We haven’t heard the end of Bain—and we won’t until the end of the campaign—despite the inexplicable comments of Newark’s “Democratic” Mayor Cory Booker, who must be spending too much time cozying up to Republican Gov. (and potential running mate) Chris Christie. On Meet the Press, Booker equated the race-baiting, anti-Obama ads about the Rev. Jeremiah Wright that were recently proposed to billionaire clown Joe Ricketts with Obama’s Bain attack: “It’s nauseating.”

Well, Ricketts and his now-renounced smear job certainly was nauseating. But with Romney, what’s nauseating is what happened at his hands to ordinary hardworking Americans thrown out of work so he could rake in the bucks. And what’s worrying is Romney’s austerity agenda that would drive the U.S. into a double-dip recession, which is what such policies have already done to Great Britain. 

Within hours, Booker retracted his comments and conceded the point: It is Romney who has made his business experience the centerpiece of his campaign. Bain is the spine that holds the whole Book of Romney together. As one of the workers in that Obama commercial put it, “If he’s going to run the country like the way he ran our business, I wouldn’t want him there. He would be so out of touch… How could [he] care?” theweek

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Don’t Be Fooled. Cory Booker, Barack Obama & the Whole Black Political Class Love Bain Capital—Bruce A. Dixon—22 May 2012—Barack Obama, Cory Booker and the entire black political class have a problem. They must deliver the votes of their people to the campaign contributors who make their careers possible. Their voters oppose unjust wars, privatizations of public assets and services, and corporate bailouts. Once safely in office, these are exactly the measures Obama, Booker and their colleagues enact. But right now Barack Obama and other Democrats need to be re-elected, and to be re-elected they must pose at least as half-hearted opponents of the bloodsucking model of parasitic venture capital practiced by Bain Capital, J.P. Morgan and other players.

It’s not an easy act to sell, and sometimes Obama and his surrogates are caught in their own tangled webs. Romney’s Bain Capital, like other vampire capital firms like it don’t just have relations with Democrats as well as Republicans. They have deep institutional and personal ties with leading members of the nation’s black political class.

Bain’s business models, along with reams of their business advice in the forms of pro bono “transition” and “turnaround” reports recommending the mass firings of public workers, especially teachers, and the wholesale privatization of local water, government payrolls, parking meters, garbage pickup, parks and recreation departments, and everything that can or cannot be nailed down have been common staples on the desks of incoming black mayors in Newark, Philadelphia, Pittsburgh, Columbia SC, Atlanta and other cities.

When former Atlanta mayor Shirley Franklin swept into office in 2005 her pro-bono transition report was “the Bain Report” put together by Mitt Romney’s colleagues intent on turning government services into lucrative business opportunities and pocketing the money saved by firing workers, reducing their benefits and eliminating their pensions while jacking user fees for the public to the maximum sustainable levels. Fortunately for Atlanta, the water privatization deal already done by her predecessor unraveled in spectacular fashion just as Franklin was entering office, creating a less favorable atmosphere for other immediate privatizations. Out of office, Franklin is a lobbyist and consultant to firms specializing in the privatization of education and government services of all kinds.—blackagendareport

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George Will, Matthew Dowd Blast Romney for Not Releasing Tax Returns—15 July  2012—ABC News’ George Will slammed presumptive Republican presidential nominee Mitt Romney for failing to fully release information on his tax returns and offshore accounts, saying Romney “must have calculated that there are higher costs in releasing them.” ABC News political analyst Matthew Dowd agreed, saying “there’s obviously something there” in Romney’s returns that he doesn’t want public. “If something’s going to come out, get it out in a hurry,” Will said this morning on the “This Week” roundtable. “I do not know why, given that Mitt Romney knew the day that [John] McCain lost in 2008 that he was going to run for president again that he didn’t get all of this out and tidy up some of his offshore accounts and all the rest.” “He’s done nothing illegal, nothing unseemly, nothing improper, but lots that’s impolitic,” Will added.

“And he’s now in the politics business.” Will said Romney is “losing [the argument] at this point in a big way” in the debate over his tax returns, which the Obama campaign has hammered on in the past week. “The cost of not releasing the returns are clear,” Will said. “Therefore, he must have calculated that there are higher costs in releasing them.” Romney released his 2010 tax returns earlier this year during the Republican primaries, and has said he plans to release his 2011 returns later this year, after filing for an extension. But Romney has never publicly released past years of tax returns, either during his 2008 presidential run, while he was governor of Massachusetts, or during his 1994 Massachusetts Senate race. Romney did, however, reportedly provide 23 years of his tax returns to the McCain campaign when they considered him for vice president in 2008.



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The Media and Bain—Armando—15 July 2012—Despite concerted attempts by the Media and its “factcheckers” to dismiss the Bain story, Mitt Romney has blown it so badly that it is now the Media issue of the campaign. While Romney is clearly suffering badly under the Obama onslaught on Bain (mostly I submit, due to his own political incompetence—how in blazes does he expect to distance himself from Bain—the company he founded, owned and ran for 25 years? The very company that is basically his “economic” credential? Incredible political incompetence), so too are the “factcheckers”, who have become subjects of ridicule and lampooning at this point.

The tipping point was the Boston Globe story on Bain’s SEC’s filings from 1999 to 2002, which listed Romney as the CEO, Chairman of the Board and sole stockholder of the company while earning at minimum, $100,000 a year for serving as Bain CEO. Since then other articles and information have come out that pretty much point to Romney having a continuing involvement with Bain during that period. Let me say that that is as it should be given Romney’s retention of the titles mentioned above.

If he wasn’t involved, one would have to question Romney’s basic competence. But for whatever reason, Romney has chosen to lie about his role in Bain from the 1999 to 2002 period, making the story much bigger than it would have been—it now becomes about Romney’s character as well as his policies (See Krugman for why discussion of Bain by the Obama campaign makes sense in the larger political narrative regarding the GOP-Romney policy of taking from the poor and the middle class to give more to the rich.)

A somewhat surprising casualty of the Bain story is the “factcheckers”, who look like complete fools (or worse.) In particular, Glenn Kessler of the Washington Post, who has been bombarded with ridicule for his assertion that the Bain SEC filings describing Romney as CEO, Chairman of the Board and sole stockholder as not being relevant to whether Romney was involved with Bain. It’s gotten so bad that Kessler wrote a personal defense of his writings on the subject. . . .

Beyond being a perverse way to think about the issue, it also misses this very important point—as long as Romney remained the CEO, Chairman of the Board and sole stockholder of Bain, it was within his power to dictate what deals and actions Bain did or did not do. Being charitable, let’s assume that Romney did not formulate any policies or actions for Bain during that 3 year period.  This does not mean he could not have. He clearly had the legal power to act. If he chose not to, then that is an act of control. Romney “controlled” Bain as we understand the term legally and as a matter of common sense. . . .

Kessler wrote “The years 1999-2002 are a gray period in Romney’s life.” Perhaps in some ways, but not regarding the fact that Romney had the power at Bain during that period. It seems clear that Kessler consulted experts to support HIS OPINION, not to actually discover the facts: I consulted with securities law experts who have many years of experience with these particular SEC filings. One expert pointed out that the titles are basically meaningless, that someone can be listed as a chief executive and have no responsibilities whatsoever.

This is nonsense. If someone is listed as CEO and has “no responsibilities whatsoever,” then THAT FACT needs to be disclosed. It is a material issue and listing someone as CEO who has “no responsibilities whatsoever” without explaining this reality is a false and misleading statement that violates the securities laws.

Beyond that, a CEO serves at the pleasure of a Board of Directors (Romney was Chairman of the Board), who in turn serves at the pleasure of the stockholders (Romney was the sole stockholder of Bain.) It requires strains that would make political campaigns red faced to make the argument that Kessler, ostensibly a “factchecker,” makes here. The question is why did Kessler destroy his own reputation on this story? Personally, I have hard time explaining it. I predict it will get worse for Romney AND Kessler on this story.—dailykos

*   *   *   *   *’s 25 Best Selling Books



#1 – Justify My Thug by Wahida Clark #2 – Flyy Girl by Omar Tyree #3 – Head Bangers: An APF Sexcapade by Zane #4 – Life Is Short But Wide by J. California Cooper #5 – Stackin’ Paper 2 Genesis’ Payback by Joy King #6 – Thug Lovin’ (Thug 4) by Wahida Clark #7 – When I Get Where I’m Going by Cheryl Robinson #8 – Casting the First Stone by Kimberla Lawson Roby #9 – The Sex Chronicles: Shattering the Myth by Zane

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#16 – The Future Has a Past: Stories by J. California Cooper

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#20 – Children of the Street: An Inspector Darko Dawson Mystery by Kwei Quartey

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#23 – Thugs And The Women Who Love Them by Wahida Clark

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#25 – I Dreamt I Was in Heaven – The Rampage of the Rufus Buck Gang by Leonce Gaiter


#1 – Malcolm X: A Life of Reinvention by Manning Marable #2 – Confessions of a Video Vixen by Karrine Steffans #3 – Dear G-Spot: Straight Talk About Sex and Love by Zane #4 – Letters to a Young Brother: MANifest Your Destiny by Hill Harper #5 – Peace from Broken Pieces: How to Get Through What You’re Going Through by Iyanla Vanzant #6 – Selected Writings and Speeches of Marcus Garvey by Marcus Garvey #7 – The Ebony Cookbook: A Date with a Dish by Freda DeKnight #8 – The Isis Papers: The Keys to the Colors by Frances Cress Welsing #9 – The Mis-Education of the Negro by Carter Godwin Woodson

#10 – John Henrik Clarke and the Power of Africana History  by Ahati N. N. Toure

#11 – Fail Up: 20 Lessons on Building Success from Failure by Tavis Smiley

#12 –The New Jim Crow: Mass Incarceration in the Age of Colorblindness by Michelle Alexander

#13 – The Black Male Handbook: A Blueprint for Life by Kevin Powell

#14 – The Other Wes Moore: One Name, Two Fates by Wes Moore

#15 – Why Men Fear Marriage: The Surprising Truth Behind Why So Many Men Can’t Commit  by RM Johnson

#16 – Black Titan: A.G. Gaston and the Making of a Black American Millionaire by Carol Jenkins

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#18 – A New Earth: Awakening to Your Life’s Purpose by Eckhart Tolle

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#21 – Age Ain’t Nothing but a Number: Black Women Explore Midlife by Carleen Brice

#22 – 2012 Guide to Literary Agents by Chuck Sambuchino #23 – Chicken Soup for the Prisoner’s Soul by Tom Lagana #24 – 101 Things Every Boy/Young Man of Color Should Know by LaMarr Darnell Shields

#25 – Beyond the Black Lady: Sexuality and the New African American Middle Class  by Lisa B. Thompson

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Incognegro: A Memoir of Exile and Apartheid

By  Frank B. Wilderson III

Wilderson, a professor, writer and filmmaker from the Midwest, presents a gripping account of his role in the downfall of South African apartheid as one of only two black Americans in the African National Congress (ANC). After marrying a South African law student, Wilderson reluctantly returns with her to South Africa in the early 1990s, where he teaches Johannesburg and Soweto students, and soon joins the military wing of the ANC. Wilderson’s stinging portrait of Nelson Mandela as a petulant elder eager to accommodate his white countrymen will jolt readers who’ve accepted the reverential treatment usually accorded him. After the assassination of Mandela’s rival, South African Communist Party leader Chris Hani, Mandela’s regime deems Wilderson’s public questions a threat to national security; soon, having lost his stomach for the cause, he returns to America. W—Publishers Weekly

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Becoming American Under Fire

Irish Americans, African Americans, and the Politics of Citizenship

During the Civil War Era

By Christian G. Samito

In Becoming American under Fire, Christian G. Samito provides a rich account of how African American and Irish American soldiers influenced the modern vision of national citizenship that developed during the Civil War era. By bearing arms for the Union, African Americans and Irish Americans exhibited their loyalty to the United States and their capacity to act as citizens; they strengthened their American identity in the process. . . . For African American soldiers, proving manhood in combat was only one aspect to their quest for acceptance as citizens. As Samito reveals, by participating in courts-martial and protesting against unequal treatment, African Americans gained access to legal and political processes from which they had previously been excluded. The experience of African Americans in the military helped shape a postwar political movement that successfully called for rights and protections regardless of race.   For Love of Liberty

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Alain L. Locke: The Biography of a Philosopher

By Leonard Harris  and Charles Molesworth

Alain L. Locke (1886-1954), in his famous 1925 anthology The New Negro, declared that “the pulse of the Negro world has begun to beat in Harlem.” Often called the father of the Harlem Renaissance, Locke had his finger directly on that pulse, promoting, influencing, and sparring with such figures as Langston Hughes, Zora Neale Hurston, Jacob Lawrence, Richmond Barthé, William Grant Still, Booker T. Washington, W. E. B. Du Bois, Ralph Bunche, and John Dewey. The long-awaited first biography of this extraordinarily gifted philosopher and writer, Alain L. Locke narrates the untold story of his profound impact on twentieth-century America’s cultural and intellectual life. Leonard Harris and Charles Molesworth trace this story through Locke’s Philadelphia upbringing, his undergraduate years at Harvard—where William James helped spark his influential engagement with pragmatism—and his tenure as the first African American Rhodes Scholar. The heart of their narrative illuminates

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The White Masters of the World

From The World and Africa, 1965

By W. E. B. Du Bois

W. E. B. Du Bois’ Arraignment and Indictment of White Civilization (Fletcher)

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Ancient African Nations

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Negro Digest / Black World

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The Death of Emmett Till by Bob Dylan  The Lonesome Death of Hattie Carroll  Only a Pawn in Their Game

Rev. Jesse Lee Peterson Thanks America for Slavery /

George Jackson  / Hurricane Carter

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The Journal of Negro History issues at Project Gutenberg

The Haitian Declaration of Independence 1804  / January 1, 1804 — The Founding of Haiti 

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posted 23 March 2012




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