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Friday, July 13, 2012

DeLong: One-Hundred-Thirty-Seven Pinocchios for Glenn Kessler

Travel day and time is short, so let me hand the mic to Brad DeLong:

One-Hundred-Thirty-Seven Pinocchios for Glenn Kessler of the Washington Post, as He Tells Untruths About Mitt Romney, by Brad DeLong: In 2002 Mitt Romney decided that he had retired from Bain in 1999.

Yes, you read that correctly. When Mitt Romney took over the Salt Lake City Olympics in February 1999, he intended to come back and run Bain Capital full-time afterwards--and he wanted to make sure that everybody at Bain Capital knew that he was still the boss, that he would be coming back full-time, that nobody should try to take his seat while he was in Salt Lake City, and that everybody should be careful to make sure that their actions were things Romney approved of.

Come 2002, Mitt Romney decided that he was going to run for Governor of Massachusetts. So come 2002 Romney decides that he had retired from Bain Capital back in 1999. Yes. As Glenn Kessler says: "when Romney decided to run for governor in 2002, he received a retirement package that was dated Feb., 1999".

Now comes Glenn Kessler. What Glenn Kessler should be saying today is:

Back in January, Mitt Romney's people convinced me: (a) that Romney retired from Bain in February 1999, (b) that afterwards he was merely a passive investors, and (c ) that Romney bears no responsibility--credit or blame--for any Bain business decisions after February 1999. They snookered me. The situation is much more complicated. From February 1999 to 2002, Romney was focused on the Salt Lake City Olympics, and his subordinates at Bain Capital in Massachusetts were expecting him to return full-time and so were anxious to make decisions he approved.

Would that be so hard?

But for a Washington Post reporter to admit error is an extremely rare thing. Much better, Glenn Kessler thinks, for him to double down and hope to brazen things out.

Why oh why can't we have a better press corps? ...

    Posted by on Friday, July 13, 2012 at 07:38 AM in Economics, Politics | Permalink  Comments (16)


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