Gillespie says Romney ‘retired retroactively’ from Bain Capital
Source: The Hill
Democrats have raised questions about when exactly Romney left Bain . Romney has said he left in 1999 to oversee preparations for the Salt Lake City Olympics, but SEC documents show him listed as Bains CEO beyond that time.
Gillespie on Sunday sought to clarify the matter, saying that Romney initially thought he would be leaving Bain on a temporary basis, but the challenges of the Olympics led him to retire retroactively.
"There may have been a thought at the time that it could be part time, but it was not part time," Gillespie said.
"He took a left of absence and in fact he ended up not going back at all, and retired retroactively to 1999 as a result," he added. He left a life he loved to go to Salt Lake City and help a country he loves more, and somehow Chicago
is trying to make it something sinister." "
-snip-
Read more: http://thehill.com/blogs/blog-briefing-room/news/237943-gillespie-says-romney-retired-retroactively-from-bain-capital
Just when you think the GOP can't get any more creative in their excuses for Romney...
madashelltoo
(1,698 posts)Retroactive. Wow, that's funny as shit!
flamingdem
(39,313 posts)lol
Coyotl
(15,262 posts)Senior Mitt Romney campaign adviser Ed Gillespie = Counselor to President Bush, Enron lobbyist
http://www.democraticunderground.com/125156161
zonkers
(5,865 posts)Bwahhhh!!!
stopbush
(24,396 posts)bemildred
(90,061 posts)Skinner
(63,645 posts)ROFL.
madaboutharry
(40,212 posts)This is so ridiculous.
orpupilofnature57
(15,472 posts)DCBob
(24,689 posts)That is about the most rediculous thing I have ever heard.
As part of a settlement, workers were given retroactive retirement or pay. They weren't retired even after they had been, it seems and they turned out to have been working the time that they were laid off. Completely ridiculous. Happens fairly often. One thing that can't happen is that your retroactive retirement makes you eligible for Social Security or Federal services--private after-the-fact arrangements don't bind the Federal government.
Where I served for a while the CEO was put on forced administrative leave for a year and a half because he deceived the board and misrepresented the organization's finances. When his contract was to be renewed the answer was a firm "no". Retroactively and as part of a settlement, somewhat over a year after his contract wasn't renewed he was deemed to have been put on voluntary leave at his request because his wife was ill and when his contract ended at his request he elected not to renew it. Instead, he simply retired with full benefits when his 30 years were up. That's the story on the organization's books and in its records, and that's the official story if anybody ever asks.
In the case of the first court settlement, it was fairly hostile. In the second, it didn't need to be hostile--what he got was, with the exception of one additional piece of 5-year-old office equipment costing less than $100 when new, exactly what he had been offered the day he was put on leave. Had he accepted no court approval would have been needed. There's reality on the ground and then there's legal fiction. Crucially, redefining his status in this case had absolutely no effect: In both scenarios, he never stepped foot on the property, and while he was still CEO according to his contract all his responsibilities and duties had been delegated to an acting CEO that left the day the new CEO's contract entered into force. Which was the day after this guy's contract expired.
Cosmocat
(14,566 posts)It takes a LOT of work keeping this twit propped up ...
BeyondGeography
(39,375 posts)No farcking way, Ed.
bucolic_frolic
(43,196 posts)Great! Think of the pension money's that are due to retroactive retirees!!
I don't think this spin will benefit Rmoney or Gillespie much ... just a Reagan Retroactive Retread Rmoney Spinmeister.
Brickbat
(19,339 posts)MuseRider
(34,112 posts)and now you want to make that a crime too?
LOL, just fucking lol with a head slap
SDjack
(1,448 posts)If he has no problem scamming the Olympics Cmte, he has no problems scamming the rest of us.
obxhead
(8,434 posts)If anyone believes any of this I have a beautiful bridge in London for sale. Will consider any offer.
caseymoz
(5,763 posts)Easy question, Mitt. This "I drew a paycheck but retroactively quit," doesn't answer the question.
Besides, are you saying this took 4 years for you to decide?
ThomThom
(1,486 posts)What was Romneys position at Bain? Did he set-up the policies and procedures? The business plan that cut jobs etc or not? If he did then he is still in charge. If people are following your orders even if you are not there to oversee directly you are still in charge, you have just delegated.
Does he still own the company? If it was in his a "blind trust" when he became governor then it was not a "blind trust". Who took control in 1999/2002? What happened before 1999? Did he do hostile take overs before 1999? If so he is Gordon Gecko in real life and he IS the problem not the cure.
We need to answer these questions. He was the sole owner and managed the company. Owned all stock and created the board. How can he not take responsibility? What kind of manager/owner lets people do huge deals without some knowledge.
Overseas
(12,121 posts)yellowcanine
(35,699 posts)behavior. "Retired Retroactively" has got to be one that will survive the test of time. Does that mean he also gave the money back?
WCGreen
(45,558 posts)Carla in Sequim
(228 posts)You have got to read this hilarious diary and comments on DailyKos. Funny stuff!
http://www.dailykos.com/story/2012/07/15/1110158/-The-Next-Great-Meme-Retroactive-Mitt
Enjoy!
yellowcanine
(35,699 posts)INdemo
(6,994 posts)that if this kind of bullshit would have hit the media circuit Kerry and Obama would hve been laughed out of contention..Do Republicans really think they can sell this bullshit..Wolf Blitzer is probably rehearsing the script now...
Dalai_1
(1,301 posts)southpaw ?@nycsouthpaw
Conquered nation retroactively consents to invasion, Romney administration announces
southpaw ?@nycsouthpaw
BREAKING: Ed Gillespie retroactively canceling these morning show interviews. Please stop using them in your tweets.
southpaw ?@nycsouthpaw
RT @BenLaBolt: If you "retire retroactively" do you return your income and profits from that period?
ailsagirl
(22,897 posts)Dalai_1
(1,301 posts)# retroactively......I would imagine it will be used commonly
in our vocabulary from now on as sarcasm.Of course, those who
are not into politics will think I have lost my mind when I use it
that way!
rocktivity
(44,577 posts)from four-year-olds with cookie crumbs on their lips.
rocktivity
bayareaboy
(793 posts)Is this what happens when someone who doesn't have marketable job skills. It seems Mr Gillespie doesn't have a craft and it seems like he really does not care what others think about him or his own values. He is just another hack, like most of the Mittens Mob.
JoePhilly
(27,787 posts)Rose Siding
(32,623 posts)demwing
(16,916 posts)before he was against it? No wait, Romney was against working for Bain before he was for it?
Ok I think I've got it - "Mitt Romney was against not retiring from Bain before he was for it."
Flip Flopney flips again....
WCGreen
(45,558 posts)Ready4Change
(6,736 posts)Sounds great. When do I start?
alcibiades_mystery
(36,437 posts)You know they want to stay focused on job creation. Retroactive retirement is the new Works Progress Administration for the neoliberal order.
Baitball Blogger
(46,744 posts)Volaris
(10,272 posts)Baitball Blogger
(46,744 posts)Who knew?
Volaris
(10,272 posts)FORWARD-looking fashion styles?
Do we have a rim-shot smiley, or is that the closest thing?
DallasNE
(7,403 posts)If it would have happened 4 months after the fact, but 4 years later -- give me a break. It sounds like a focus group tested talking point being fed to Gillespie by Frank Luntz.
alcibiades_mystery
(36,437 posts)Frank Luntz is cringing right now, because he knows exactly how such a laughable notion will play with ordinary voters.
riderinthestorm
(23,272 posts)pesky isn't it? Something like $400k that he conveniently never returned...
And the comments about having to be in MA for business trips and such.
But yeah, this is probably the best excuse they could come up.
CreekDog
(46,192 posts)randome
(34,845 posts)What delightful lunacy!
truthisfreedom
(23,148 posts)All the other shit doesn't work... birthers are now labeled as lunatics by the majority of the country... so going back to Obama's roots in Chicago is their next tactic. But it's ridiculous because most of the US doesn't have anything against Chicago. We love Chicago, here in the Midwest. The thugs have run out of ways to paint Obama with a broad brush, so they're trying anything left over to see if the can find something that sticks. But it won't, because Obama and his team are to damned smart and have already prepared methods of dealing with any conceivable attack. Look at the beginning of rMoney's campaign earlier this year... he was harping about gas prices. What happened to gas prices? The dropped like a rock when they should have gone up during the summer travel period. Obama's got this.
Wait Wut
(8,492 posts)We love you, too.
You're right. There is a bizarre solidarity in the Midwest. Especially between WI and Chicago. Despite our decades old pokin' at each other, you screw with WI and you've got a fight with Chicago. That's our damned backyard. Can't say the same for Indiana. No love there.
Until football season. Then Wisconsin is on their own. Fuck the Packers.
Wait Wut
(8,492 posts)Chicago is the new capitol, dontcha know. I wish them luck with this fight. That's my home city and there are a lot of people there with big mouths that will now find new and improved reasons to take this asshole down. I know I've found a new level of irate after reading this.
Hey, Romney, Gillespie and any other tool that thinks picking on one of the largest cities in this nation, one of the cities that helped BUILD this fucking nation is a good idea...fuck you. Your phony bullshit and lack of a soul would get you kicked to the curb in a minute. And, they'll do it with a grin and a pat on the back.
Love or hate Mayor Emmanuel, I bet he's got that kicked back Chicago grin on his face as we speak.
Thinkingabout
(30,058 posts)He retroactive filed taxes in Massachusetts in order to "prove" he was a resident of Massachusetts. "I was a resident of Utah before I was a resident of Massachusetts". Don't hold him responsible for anything I don't want to accept. He will sign bills and declare it was only because they sent them to me, I could not help it. Now he can retroactive return to the tax payers the pensions we had to pay for him, stand up Mitt and right the wrongs you have done.
hatrack
(59,587 posts)Fucking unbelievable. He gets paid to go on TV and say shit like this?
bucolic_frolic
(43,196 posts)Yeah, Rmoney is a Born-Again Venture Capitalist Politician trying
to erase his record!
Don't read his lips, read his resume!
The PREPOSTEROUS ARROGANCE of these GOP Talking Heads is OUTRAGEOUS!
Gillespie should retire - RETROACTIVELY!
4lbs
(6,858 posts)Methinks yes.
tanyev
(42,573 posts)Iliyah
(25,111 posts)stop the lying please. Once you lie to cover up another lie you lose.
Come forth with your tax returns, at least 12 years like your daddy, and let the American people judge you. Shit you want to represent us than give us, the American people a reason why we should vote for you, although I personally know why the GOP base is voting for you because these "Christians" HATE Pres O so much.
NYC Liberal
(20,136 posts)Retired retroactively? This has to be a joke, right? Right?! Mitt to Bain: "I wish I knew how to quit you."
https://twitter.com/charlesmblow/status/224529690075996160
AlbertCat
(17,505 posts)to help starving people?
to dress like Mother Teresa?
to FIND himself?
or
to make a ton of money.... again....?
Jessy169
(602 posts)to "leave" the life and wife he loved so he could save America and save the olympics.
Reading over on KOS, it looks like a still untouched but potentially rich vein of more lies and bullshit is directly connected to Romney's "sacrifice" and "service" to America in "saving" the olympics. Who wants to bet that the sacrifice and service ends up being something more like underhanded and self-serving deals? I've got my fingers crossed.
Politicalboi
(15,189 posts)So he really did serve his country without going to Vietnam
Jessy169
(602 posts)can now stop denying that Romney told lies about when he left Bain, and switch to explaining to all of us libtards that Romney retired retroactively. That makes complete sense -- to a right-wing loonie -- but none whatsoever to me.
Yo_Mama_Been_Loggin
(108,057 posts)You see Mitt met this guy with a Delorean.
Ian David
(69,059 posts)Jack Rabbit
(45,984 posts)That one ranks up there with Ron Ziegler's declaration that previous White House statements concerning Watergate were "inoperative."
You mean he ran Bain, which made money running businesses into the ground, until 2003 and then retired retroactively to 1999? Is that how he decides his stands on issues, too? He supported a woman's right to choose while running for governor of Massachusetts, and then became pro-life retroactively to to 1980? He supported an individual mandate in healthcare while governor, but then after Congress passed the ACA without a single GOP vote, he opposed it retroactively to 1993? And he supports being kind to animals retroactively to the moment he strapped Shamus onto the roof of his car?
AlbertCat
(17,505 posts)To anyone foolish enough to be a Teabagger, using big words like "retroactively" is all you need to make it legit.
Volaris
(10,272 posts)it STILL makes him responsible for all those jobs that got outsourced during that period. Which is what he was trying to avoid to begin with. So not ONLY is he trying to be a duplicitous bastard of the first order, he just proved that he's stunningly BAD AT IT.
Jack Rabbit
(45,984 posts)For as much as he tells stretchers, he's not very good at it. Maybe he'll bring back Ari Fleischer as White House press secretary.
Don't misunderestimate the American public. Horsepucky! was the overwhelming reaction to Zeigler's famous "all previous statements are inoperative" declaration. If Clinton's "I did not have sex with that woman" was met with a wide outpouring of yawns it was because few cared if he did or didn't, not because anyone believed him when he said he didn't. And who really thought the Frat Boy's mission in Iraq had been accomplished?
postulater
(5,075 posts)"but officer I'm sober retroactively."
MsPithy
(809 posts)Oh, wait. No. ... Really?
William Seger
(10,779 posts)So, after leaving Bain leaderless for three years, and after the 2002 Olympics finished in February, Rmoney discovered that "the challenges of the Olympics led him to 'retire retroactively.' ?"
McCamy Taylor
(19,240 posts)Let's use it to go back to 2000 so we can unsteal the election.
msanthrope
(37,549 posts)Coyotl
(15,262 posts)or was picked as the best liar
Yavin4
(35,443 posts)And to kill Sarah Connor.
aint_no_life_nowhere
(21,925 posts)bpositive
(423 posts)This makes no sense at all. Retire retroactively ... Really?
So he "works" for a few years after he supposedly retired (signatures prove it) then when he gets caught in a lie, his rescuers come up with this crap.
My kids have better excuses and they are 7 years old.
AnotherMother4Peace
(4,250 posts)muriel_volestrangler
(101,322 posts)muriel_volestrangler
(101,322 posts)I don't see why Mitt can't rewrite history too, if it suits him.
There's a little similarity ...
progressivebydesign
(19,458 posts)How did they end up with the turd in the punchbowl? No one really liked him...
elleng
(130,980 posts)Cited and discussed here.
http://www.democraticunderground.com/?com=view_post&forum=1014&pid=166786
I said: He's using 'legal wiggle words' to assert 'truthfully' that he had 'retired from Bain in 1999!'
I'm a lawyer so I'm not mocking legal language, just his 'expectation' that his fancy footwork will go over well with the 'public.'
GeorgeGist
(25,321 posts)msanthrope
(37,549 posts)obamanut2012
(26,083 posts)wtf
kworkman
(19 posts)Don't forget you're talking about Enron Ed Gillespie. Who in their right mind would believe anything he says.
atreides1
(16,082 posts)Maybe I could use that to "retroactively retire" from the Army.
Politicalboi
(15,189 posts)"He left a life he loved to go to Salt Lake City and help a country he loves more, and somehow Chicago
is trying to make it something sinister".
These assholes are pathetic. How much time did it take for Rmoney to write checks for the Olympics anyway? More tax write offs is ALL he was looking for.
lakercub
(659 posts)But can you imagine the love that many CEOs of big corporations have for an idea like this? Think of all the CEOs out there who have made absurd amounts of money and have run their companies into the ground or done all kinds of illegal garbage who would love to be able to say "Oh wait, that's no longer my responsibility...I retroactively retired before it happened." Think Ken Lay would have liked this? How about Carly after her disastrous HP run?
This is the kind of business wrangling horseshit I can actually see the wealthy trying to get through the SEC. Most of these jerks need as many Get-Out-Of-Jail-Free cards as they can get. I hope there is a rule in place that says "if you sign documents as a board member, CEO, CFO, COO, or any other company-leading position or you continue to get paid in one of these positions, you assume all responsibility for that position. No exceptions."
kiranon
(1,727 posts)mathematic
(1,439 posts)Retroactive is assigning a date in the past to coincide with the actual event.
Backdating is assigning a date in the past prior to the actual event.
You might be saying that romney's problem is not that he retired retroactively but rather he backdated his retirement. I'd agree with that. I have no problem with the concept of "retroactive" and so I don't think there's anything intrinsically wrong with the concept of "retroactive retirement".
It could be useful to describe romney's retirement as "backdated" instead of "retroactive" but as this thread illustrates there's more than enough misunderstanding of "retroactive" (time machines!?) so that it probably isn't necessary.
JDPriestly
(57,936 posts)and corruption. He should know that.
hughee99
(16,113 posts)Or did he just stop showing up to work but still putting his name on things sometimes.
myrna minx
(22,772 posts)Do I get to choose when?
valerief
(53,235 posts)You know, so we can undo the damage.
patricia92243
(12,597 posts)the olympics. Then all of a sudden Bain changed their whole way of doing things - and became villians that helped moved jobs to China, etc
Only people with Freeper mentality would believe this.
No wonder he doesn't want anyone to see his tax returns.
Historic NY
(37,451 posts)Amonester
(11,541 posts)What else do you expect from the driver of the clown car, people?
WoodyM90
(40 posts)reads like something written on an Etch A Sketch.
DesertRat
(27,995 posts)ailsagirl
(22,897 posts)Nice try-- at least it's alliterative
I do so look forward to the debates...
DallasNE
(7,403 posts)Surely, he would have done that, right? Also, what did Romney claim in 2002 to satisfy his residency requirement for his run as Governor -- that he took a temporary leave to run the Olympic Committee. Looks to me like he wants it both ways.
tclambert
(11,087 posts)I'm beginning to wonder now, what happens if a candidate for President is charged with a felony? No doubt he will continue to campaign while out on bail. He would insist the federal felony charges are just "technicalities" and trumped-up political theater. His legal team would delay the trial until after the election. He won't be elected, but in theory, he could be convicted after taking the oath of office. Then he could pardon himself!
Botany
(70,522 posts)" .... somehow Chicago is trying to make it something sinister."
2pooped2pop
(5,420 posts)not retired.
Jeff In Milwaukee
(13,992 posts)Does this mean I can be a virgin again?
bucolic_frolic
(43,196 posts)Mitt should retroactively retire as a Presidential candidate ....
or retroactively release his tax returns.
Jamaal510
(10,893 posts)and somehow Chicago...is trying to make it something sinister."
Seems like Ruhpublicans really have it out for Chicagoans, don't they?