Ignore the Bedwetters


You would think that the Romney campaign would have harsh words for the Obama Campaign and the media, but why do they say such terrible things about the people who are supposedly on their side?
“We went through this in the primary,” the adviser said. “You have a lot of people inside the Beltway, who like to sit back and be armchair quarterbacks, strategists who talk to you and don’t go on the record. We have a plan. We know what the plan is, and we’re going to implement the plan.” 
The adviser added: “We aren’t reacting to what the Obama campaign does. … We aren’t reacting to what Republican strategists do. We’ve got a plan to win. We know what it takes and that’s what we’re going to do. All of this hew and cry, you know, from the bedwetters who get to sit on the sidelines, aren’t going to affect what we’re going to do and our plan.” 
In many ways, the Globe story didn’t break a lot of new ground, as several truth squad reports pointed out. It simply renewed focus on the fact that Romney has always stated that he technically left Bain in 1999 to run the Salt Lake City Olympics, while maintaining legal and financial ties to the company that didn’t include actively managing its affairs or investments. 
[emphasis mine] 

As far as I know, the revelation from the Boston Globe article was not wholly explored during the primary campaign, and if it had been, I would think that it would have severely damaged Mitt Romney's credibility. It may not have cost him the nomination, but it sure wouldn't look like the huge deal that it is right now.

I don't know how the working media can parse this any other way. Romney has been caught in a massive lie, and the lie is written into the financial disclosure documents that he submitted in order to allow himself to serve as the head of the Winter Olympic Games and to give himself some distance from Bain Capital's connection to outsourcing jobs to China. He has been caught committing and act of outright fraud, a felony-level financial disclosure crime that likely would have resulted in charges if it had been discovered in the early 2000s when he was trying to elevate his national profile.

And that's what this is really all about--Romney has been caught lying about what he owned, what he was worth, and where his money has been sheltered time and time again. He lied so that he could elevate his status in the political world, not the business world. He has no credibility and he has dubious financial ethics. The idea that a venture capitalist of his supposed experience maintained ownership of Bain Capital and then did not "actively" manage its affairs or investments is the sort of dodge that a lot of people sitting in Federal prison have tried in relation to things like insider trading.

It doesn't matter if he was actively involved (a subpoena of E-mails? internal documents? might further prove or disprove this fact) because that's not the standard for ethical disclosure. You either owned it or you did not; Romney owned Bain Capital for three years longer than he admitted to owning it.

That's something the "bedwetters" would call a "big fucking deal."