Mitt Romney Bain Fiasco Will Propel Obama to Reelection

The Boston Globe ran a hotly discussed story yesterday that included strong evidence that Romney has mislead the public on his involvement with Bain Capital, shedding further light on the controversial issue of whether or not he should be held accountable for the happenings at Bain after 1999. Much to the delight of the Obama camp, which has spent millions of dollars on ads denouncing Romney for allegedly helping to outsource jobs and to engage in corporate raiding while at Bain, the allegations hinged upon SEC filings that detailed Romney as “sole stockholder, chairman of the board, chief executive officer, and president” of the company from 1999 to 2002. The uproar that has subsequently ensued is rooted in the implication that, if the SEC filings are accurate, Romney has a lot of explaining to do.