Obama: No apology to Mitt for Bain attacks

Associated Press

WOLFEBORO, N.H.

Mitt Romney’s campaign said Sunday that President Barack Obama is willing to say anything to win a second term and should say he’s sorry for attacks on the Republican’s successful career at a private equity firm. “No, we will not apologize,” the president responded, adding that if Romney wants credit for his business leadership, he also needs to take responsibility.

Questions about Romney’s tenure at Bain Capital and the fortune he earned there have dogged the former Massachusetts governor as Obama and his allies have said the Boston-based firm shipped jobs overseas. Romney insists he left the company in February 1999 to take over the Olympic Games in Salt Lake City, but documents suggest he was still in charge as late as 2001.

Romney’s advisers, trying to explain the discrepancies between Romney’s account and federal documents, offered fresh explanations to shift the campaign back to more comfortable ground.

“He actually retired retroactively at that point,” Romney adviser Ed Gillespie said. “He ended up not going back to the firm after his time in Salt Lake City. So he was actually retired from Bain.”

A second adviser, Kevin Madden, said Romney had no choice but to have his name listed on Security and Exchange Commission documents as he sought to transfer the company’s leadership to partners.

“The reason that there is a document that had ... his signature is because, during that transition from 1999 to 2002 ... there was a duty to sign those documents,” Madden said.

The exact role Romney played at the firm between 1999 and 2001 is important not only because critics have raised questions about his truthfulness, but also because Bain was sending jobs overseas during that period.

The president said Romney must square his explanation.

“Mr. Romney claims he’s Mr. Fix-It for the economy because of his business experience, so I think voters entirely legitimately want to know what is exactly his business experience,” Obama told WAVY-TV in Portsmouth, Va., in an interview taped Saturday and posted on the station’s website Sunday

“Mr. Romney is now claiming he wasn’t there at the time, except his filings with the SEC listing says he was the CEO, chairman and president of the company.”

Obama’s advisers said that story won’t sell voters.

Romney has insisted he was not involved with Bain during the time it sent jobs overseas and had no day-to-day responsibility for the company. He said he wanted an apology from the president for implying otherwise.