Romney flack claims Romney “retired retroactively” from Bain. Huh?
Note that Romney had no problem claiming credit for “job creation” by firms years after he left the company. It’s only the bad stuff he retroactivity stopped being responsible for. That’s especially nonsensical in the case of bankruptcies. Romney was in charge when Bain loaded up those firms with debt and used dividends and fees to strip them of their assets in order to enrich Romney and his colleagues. Then the firms went bust, leaving the workers and creditors holding the bag.Â For Romney to disclaim responsibility because the actual bankruptcy filings only came later doesn’t pass the giggle test.
FootnoteÂ The First Rule, of course, is: “When you’re in a hole, stop digging.”