Now that the question of Mitt Romney's departure from Bain Capital has blown up into a major subplot of the campaign season, it's worth reviewing how the controversy initially evolved—in part because, even as journalists (starting with MoJo's David Corn) have continued to uncover questions about the timing of Romney's retirement, professional fact-checking shops continue to maintain it's unfair to tie Romney to Bain's outsourcing investments.
June 20:The Washington Post's "Fact Checker" column gives the Obama campaign four Pinocchios—its worst rating—for an ad calling Mitt Romney a "corporate raider [who] shipped jobs to China and Mexico." WaPo notes that it is dinging the ad because two of the three outsourcing instances cited took place after Romney "stepped down from Bain to manage the Salt Lake City Olympics."
June 21: The Washington Post's Tom Hamburger reports that during Romney's tenure at Bain, the company "invested in a series of firms that specialized in relocating jobs done by American workers to new facilities in low-wage countries like China and India."
June 29: Factcheck.org publishes its own analysis of Obama's outsourcing ads. It also takes the Obama campaign to task for "stretching" the truth; Hamburger's story, it argues, "revealed that Bain invested in companies that did outsourcing. But the outsourcing resulted in the creation of jobs here and abroad." Obama campaign spokeswoman Stephanie Cutter responds with a six-page letter defending the campaign's assertions.
July 2: Mother Jones publishes the first story reporting that Securities and Exchange Commission (SEC) filings indicate Romney was involved with Bain beyond the point when he claims to have departed the firm, in 1999. In a piece on Bain's investments in a medical waste company that disposed of aborted fetuses, David Corn points out that there are
"…questions regarding the timing of Romney's departure from the private equity firm he founded…The SEC documents [reviewed by MoJo] undercut that defense, indicating that Romney still played a role in Bain investments until at least the end of 1999."
[Read the full article]