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When Did the Bucks Stop? It is frankly embarrassing that the dominant issue in the presidential campaign over the last two weeks has been—not the economy, not taxes, not health care and not the civil war in Syria—the precise date when Romney left Bain Capital. Was it, as Romney has always claimed, in February 1999 when he took over the troubled Salt Lake Olympics? Or was it as late as 2002 as more than 100 government filings suggest? This is about as irrelevant a dispute as can be created by the greatest minds in political consulting working overtime. And it has about as much connection to the presidency as the brand of shoelaces that Romney favors. What appears to have occurred is that Romney remained a lead partner at Bain in a limited technical sense without making operational decisions. But in the exaggerated charade of presidential politics, the Obama campaign magnified this Byzantine dispute over the intricacies of securities law into heavy-handed (and ludicrous) hints that Romney may have committed a felony.The Obama team’s passion for the picayune is rooted in a political hunger for new stories about the pain from Bain. The outsourcing of jobs to foreign countries took off as an American business trend during the period from 1999 to 2002. This was also—no surprise—true at Bain. If Romney could be portrayed at the helm of Bain during this period, then the Obama campaign and its loyal s uper PACs can call upon a whole new casting couch of angry workers to denounce him.
Aside from the people who are already all in for Obama, nobody else seems to care. How many non-Leftists have you heard mention it in conversation? Zero, for me.
