The Bain Smear

Former president Clinton said Gov. Romney had a Sterling Business Career at Bain.

The Obama campaign team doesn’t care if their allegations aren't true. They only wish to create a lasting negative image in your mind against Gov. Mitt Romney, thus the Bain Smear.

Several fact check sites and newspapers have debunked this smear. Yet the president and his campaign staff see value in promoting this false story. They are hoping the electorate will focus on Gov. Romney in a negative way.

Now Fortune has obtained new evidence that supports Romney's version of events.

Bain Capital began circulating offering documents for its seventh private equity fund in June 2000. Those documents include several pages specifying fund management. The section begins:

Set forth below is information regarding the background of the senior private equity investment professionals of Bain Capital. Also listed are certain investment professionals responsible for the day-to-day affairs of the Brookside and Sankaty funds, which are affiliated funds of Fund VII.

It then goes on to list 18 managers of the private equity fund. Mitt Romney is not among them. Same goes for an affiliated co-investment fund, whose private placement memorandum is dated September 2000.

Then there is Bain Capital Venture Fund -- the firm's first dedicated venture capital effort -- whose private placement memorandum is dated January 2001. Romney also isn't listed among its "key investment professionals," or as part of its day-to-day operations or investment committee.

All of this could prove problematic for the Obama campaign, which has spent the day crowing over the Globe story (going so far as to hold a media call about it). source

Host Candy Crowley and senior adviser to the Romney campaign Ed Gillespie discuss the Obama Bain Smear tactic below. (see 8:04 min video)



Former president Clinton said Gov. Romney had a Sterling Business Career at Bain. According to Clinton Romney is qualifies to be president. (see 38sec video)



Below are addition sources that debunk the Obama Bain Capital smear:
Frontpagemag.com
Examiner.com
And Powerline blog
Obama’s Bain Capital attacks are smears, they are not true. The president get’s a big Rep. Joe Wilson on this one.